Welcome to our dedicated page for Greene County Bancorp news (Ticker: $GCBC), a resource for investors and traders seeking the latest updates and insights on Greene County Bancorp stock.
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Greene County Bancorp, Inc. reported net income of $18.0 million for the nine months ended March 31, 2024. The company also opened a new Capital Region Banking Center in Albany, New York. Total assets reached $2.9 billion, with net loans at $1.5 billion. Despite a challenging economic environment, the company remains focused on strategic growth and building relationships in various business lines. Net interest income decreased due to interest rate environment challenges. The adoption of CECL accounting standard impacted the company's financials. Noninterest income increased, while noninterest expenses decreased. The company's balance sheet reflected growth in total assets, loans, and deposits. Shareholders' equity also saw an increase.
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0.52%
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Greene County Bancorp, Inc. (NASDAQ: GCBC) announces a quarterly cash dividend of $0.08 per share, reflecting an annual rate of $0.32 per share, consistent with the previous quarter. The dividend will be paid on May 30, 2024, to shareholders of record as of May 15, 2024. The majority-owned subsidiary of Greene County Bancorp, MHC, is waiving its receipt of this dividend. The MHC received approval from the Federal Reserve Bank of Philadelphia to waive its rights to receive dividends for specific quarters. Greene County Bancorp, Inc. is the holding company for The Bank of Greene County and Greene County Commercial Bank, both based in Catskill, New York, serving the Hudson Valley Region.
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Greene County Bancorp, Inc. reported net income of $12.2 million for the six months ended December 31, 2023, with total assets reaching a record high of $2.7 billion. The company celebrated its 135th anniversary and remains committed to community welfare. However, net income decreased by 25.0% compared to the same period in 2022, attributed to net interest margin compression and increased interest expenses on deposits.
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Greene County Bancorp, Inc. (NASDAQ-GCBC) has announced a quarterly cash dividend of $0.08 per share on the Company’s common stock, reflecting an annual cash dividend rate of $0.32 per share. The majority-owned subsidiary of Greene County Bancorp, MHC, has waived its receipt of this dividend, with approval from the Federal Reserve Bank of Philadelphia. The dividend for the quarter ended December 31, 2023, will be paid to shareholders of record as of February 15, 2024.
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Greene County Bancorp, Inc. reports net income of $6.5 million for Q1 2024, a decrease of 28.4% compared to the same period last year. Total assets reach $2.7 billion, with net loans at a record high of $1.43 billion. Return on Average Assets is 0.99% and Return on Average Equity is 14.09%. The company has been recognized by Piper Sandler as a member of their Sm-All Stars Class of 2023. They have opened a new Wealth Management Center in Catskill, NY.
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Greene County Bancorp, Inc. announces quarterly cash dividend of $0.08 per share on common stock
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Greene County Bancorp, Inc. (NASDAQ-GCBC) has approved a quarterly cash dividend of $0.08 per share on its common stock, representing a 14.3% increase from the previous dividend. The dividend will be paid on August 31, 2023.
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Greene County Bancorp Inc
Nasdaq:GCBC
GCBC Rankings
GCBC Stock Data
532.60M
6.93M
59.29%
13.81%
0.3%
Savings Institutions
Finance and Insurance
United States of America
CATSKILL
About GCBC
we are a community-based financial institution focused on developing relationships with our customers and the communities we serve. our unique products set us apart, and make us the bank of choice in our market place. and our knowledgeable, caring staff differentiates us by serving as advisors to both consumers and businesses. our select products and services include e-checking and e-savings accounts, commercial and residential loans and mortgages, merchant credit card processing, investment services and our visa® rewards and greene loyalty program. the foundation of our success is based on the values, principles and service that our communities, customers, shareholders, and employees have been experiencing for over 100 years - "banking at its best!".