Greene County Bancorp, Inc. Adopts Stock Repurchase Program

Greene County Bancorp (NASDAQ:GCBC) adopted a stock repurchase program authorizing up to 400,000 shares, about 5.0% of 7,808,300 outstanding shares held by non‑parent shareholders.

Rhea-AI Summary

Greene County Bancorp (NASDAQ:GCBC) adopted a stock repurchase program authorizing up to 400,000 shares, about 5.0% of 7,808,300 outstanding shares held by non‑parent shareholders. Repurchases may occur in open market or private transactions, including Rule 10b5-1 plans, and are expected to begin after reporting results for the quarter ended March 31, 2026.

Repurchases are discretionary, subject to market conditions, Rule 10b-18 limits, alternative capital uses, and may be suspended or terminated at any time.

Positive

• 400,000-share repurchase authorization (~5.0% of float)
• Repurchases may begin after March 31, 2026 quarter results
• Flexible execution: open market, private trades, block trades, 10b5-1 plans

Negative

• Repurchases are discretionary and may be suspended or terminated
• Repurchase activity depends on liquidity, market price, and alternative capital uses
• Program does not obligate the company to buy any shares

Argus Apr 15 session

+0.94% close to close Open Argus

Details

News Market Reaction – GCBC

In the Apr 15 session, GCBC gained 0.94%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement introduces a stock repurchase program authorizing up to 400,000 shares, equal to 5...

Analysis

This announcement introduces a stock repurchase program authorizing up to 400,000 shares, equal to 5.0% of the 7,808,300 publicly held common shares. It follows a period of record earnings and steady dividends, extending GCBC’s pattern of shareholder-return initiatives. Investors should track how quickly repurchases commence after results for the quarter ended March 31, 2026, the pace of buybacks versus other capital uses, and any changes in earnings or credit quality that could influence long-term capital management.

Key Figures

Repurchase authorization: 400,000 shares Repurchase as % float: 5.0% Publicly held shares: 7,808,300 shares +1 more

Repurchase authorization

400,000 shares

Maximum common shares under stock repurchase program

Repurchase as % float

5.0%

Portion of 7,808,300 publicly held common shares targeted

Publicly held shares

7,808,300 shares

Outstanding common shares held by shareholders other than MHC

Quarter end

March 31, 2026

Repurchases expected to commence after this quarter’s results release

Historical Context

5 past events · Latest: Jan 21

5 events

1. Jan 21

   Dividend declaration

   24h Move

   +4.6%

   Quarterly cash dividend of $0.10 per share at $0.40 annual rate.

2. Jan 21

   Record earnings

   24h Move

   +4.6%

   Record quarterly and six‑month net income and improved net interest margin.

3. Dec 09

   Performance recognition

   24h Move

   +2.3%

   Named to Piper Sandler’s 2025 Small‑Cap All Stars with strong rankings.

4. Oct 22

   Dividend maintained

   24h Move

   +1.2%

   Maintained $0.10 quarterly dividend with regulatory nonobjection to waiver.

5. Oct 21

   Earnings & expansion

   24h Move

   -1.1%

   Higher net income, record balances, and expansion into Saratoga County.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

stock repurchase program, rule 10b5-1, rule 10b-18, mutual holding company

4 terms

stock repurchase program financial

"its Board of Directors has adopted a stock repurchase program."

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

rule 10b5-1 regulatory

"pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

rule 10b-18 regulatory

"Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

mutual holding company financial

"Greene County Bancorp, MHC, the Company’s majority mutual holding company parent."

A mutual holding company is a corporate structure where an organization that is owned by its members or policyholders creates a stock company underneath it, so shares can be sold while the original member-owned entity remains the parent. For investors, it matters because it changes who can buy stock, how control and voting are split, and the potential for future share sales or dilution—like a club setting up a store it can sell shares in while the club itself keeps overall control.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CATSKILL, N.Y., April 15, 2026 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (the “Company”) (NASDAQ-GCBC), the holding company for Bank of Greene County and its subsidiary Greene County Commercial Bank, today announced that its Board of Directors has adopted a stock repurchase program. Under the repurchase program, the Company may repurchase up to 400,000 shares of its common stock. This amount represents approximately 5.0% of the Company’s 7,808,300 shares of outstanding common stock held by shareholders other than Greene County Bancorp, MHC, the Company’s majority mutual holding company parent.

The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.

Repurchases are expected to commence after the Company publicly releases its results of operations for the quarter ended March 31, 2026. Repurchases will be made at management’s discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.

The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares.

About Greene County Bancorp, Inc.

Greene County Bancorp, Inc. is the holding company for the Bank of Greene County, and its subsidiary Greene County Commercial Bank. The Company is the leading provider of community-based banking services throughout the Hudson Valley and Capital Region of New York State. Its customers include individuals, businesses, municipalities and other institutions. Greene County Bancorp, Inc. (GCBC) is publicly traded on the Nasdaq Capital Market and is dedicated to promoting economic development and a high quality of life in the communities it serves. For more information on Greene County Bancorp, Inc., visit www.tbogc.com.

Forward-Looking Statements

In addition to historical information, this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which describes the future plans, strategies and expectations of the Company. Forward-looking statements can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “assume,” “plan,” “seek,” “expect,” “will,” “may,” “should,” “indicate,” “would,” “contemplate,” “continue,” “target” and words of similar meaning. Forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Accordingly, you should not place undue reliance on such statements. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this report. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, changes in general economic conditions, interest rates and inflation; changes in asset quality; our ability to access cost-effective funding; fluctuations in real estate values; changes in laws or regulations; the effects of any federal government shutdown; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; changes in technology; failures or breaches of our IT security systems; our ability to introduce new products and services and capitalize on growth opportunities; changes in accounting policies and practices; our ability to retain key employees; and the effects of natural disasters and geopolitical events, including terrorism, conflict and acts of war.

For Further Information Contact:
Donald E. Gibson
President and CEO
(518) 943-2600
donaldg@tbogc.com

FAQ

What did Greene County Bancorp (GCBC) announce about a stock repurchase on April 15, 2026?

They authorized a repurchase program to buy up to 400,000 shares, about 5.0% of outstanding shares. According to the company, purchases may be in open market or private trades and follow regulatory rules such as Rule 10b-18 and Rule 10b5-1.

When will GCBC begin repurchasing shares under the April 15, 2026 program?

Repurchases are expected to commence after GCBC publicly releases results for the quarter ended March 31, 2026. According to the company, timing depends on market conditions, stock availability, and management discretion.

How many shares and what percentage of GCBC does the repurchase program cover?

The program covers up to 400,000 shares, representing approximately 5.0% of 7,808,300 outstanding shares held by non‑parent shareholders. According to the company, the figure excludes shares held by its mutual holding company parent.

How will Greene County Bancorp (GCBC) execute the repurchases authorized April 15, 2026?

GCBC may repurchase shares via open market purchases, private transactions, block trades, or Rule 10b5-1 trading plans. According to the company, open market purchases will comply with Rule 10b-18 and other applicable legal requirements.

Are there limits or conditions on GCBC’s repurchase program announced April 15, 2026?

Yes. The program is discretionary, subject to available stock, market conditions, trading price, liquidity, and alternative capital uses, and may be suspended or modified. According to the company, it does not obligate any minimum purchases.