Greene County Bancorp, Inc. Announces Cash Dividend

Rhea-AI Summary

Greene County Bancorp (NASDAQ:GCBC) announced a quarterly cash dividend of $0.10 per share (annualized $0.40 per share), unchanged from the prior quarter. The dividend is for the quarter ended September 30, 2025, payable to shareholders of record November 14, 2025, and expected to be paid on November 28, 2025.

The company is majority‑owned (54.1%) by Greene County Bancorp, MHC, which is waiving receipt of this dividend. The Federal Reserve Bank of Philadelphia issued a nonobjection to the MHC waiver covering dividends aggregating up to $0.48 per share for the four quarters ending with September 30, 2025. Greene County Bancorp is the holding company for Bank of Greene County and Greene County Commercial Bank, serving the Hudson Valley and Capital District regions of New York.

Positive

• Quarterly dividend of $0.10 per share declared
• Annualized dividend of $0.40 per share, unchanged versus prior quarter
• MHC waiver of dividend receipt for this quarter

Negative

• Dividend unchanged—no increase announced
• MHC holds 54.1% of outstanding common shares, limiting free float

CATSKILL, N.Y., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.10 per share on the Company’s common stock. The dividend reflects an annual cash dividend rate of $0.40 per share, which is the same rate as the dividend declared during the previous quarter.

The cash dividend for the quarter ended September 30, 2025, will be paid to shareholders of record as of November 14, 2025, and is expected to be paid on November 28, 2025.

The Company is the majority-owned subsidiary of Greene County Bancorp, MHC (the “MHC”), a federal mutual holding company, which owns 54.1% of the Company’s outstanding common shares. The MHC is waiving its receipt of this dividend. The MHC received the nonobjection of the Federal Reserve Bank of Philadelphia to waive its right to receive dividends, aggregating up to $0.48 per share, paid by the Company during the four quarters ending with the quarters that end on December 31, 2024, March 31, 2025, June 30, 2025, and September 30, 2025.

Greene County Bancorp, Inc. is the direct and indirect holding company for the Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank, both headquartered in Catskill, New York. Our primary market is the Hudson Valley Region and Capital District Region in New York State. For more information on Greene County Bancorp, Inc., visit www.tbogc.com.

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

FAQ

What dividend did Greene County Bancorp (GCBC) declare on October 22, 2025?

GCBC declared a quarterly cash dividend of $0.10 per share, annualized to $0.40 per share.

What are the record date and payment date for GCBC's November 2025 dividend?

The record date is November 14, 2025 and the expected payment date is November 28, 2025.

How much of Greene County Bancorp does the MHC own and what did it do about the dividend?

Greene County Bancorp, MHC owns 54.1% of common shares and is waiving receipt of this dividend.

Did the Federal Reserve approve the MHC waiver for GCBC dividends?

The Federal Reserve Bank of Philadelphia issued a nonobjection to the MHC waiver covering dividends up to $0.48 per share across four quarters ending Sept 30, 2025.

Does GCBC's dividend represent an increase over the prior quarter?

No. The announced $0.10 quarterly dividend equals the dividend declared in the previous quarter.

Which banks does Greene County Bancorp (GCBC) own and what markets does it serve?

GCBC is the holding company for Bank of Greene County and Greene County Commercial Bank, serving the Hudson Valley and Capital District regions of New York.