Welcome to our dedicated page for Greene Cnty Bancorp news (Ticker: GCBC), a resource for investors and traders seeking the latest updates and insights on Greene Cnty Bancorp stock.
Greene County Bancorp Inc (GCBC) delivers community-focused banking through The Bank of Greene County, offering deposit services, commercial lending, and specialized financial solutions. This news hub provides investors and stakeholders with essential updates about strategic initiatives, regulatory developments, and market positioning.
Access authoritative reporting on GCBC's financial disclosures, including earnings results and capital management strategies. Track updates on residential/commercial lending programs, digital banking enhancements, and community partnership initiatives that reflect the institution's commitment to local economic growth.
Discover timely information about leadership changes, regulatory compliance updates, and service expansions. Our curated collection ensures transparent access to press releases and third-party analyses relevant to GCBC's performance in the competitive Northeast banking sector.
Bookmark this page for streamlined monitoring of GCBC's operational milestones. Combine fundamental analysis with real-time news to better understand this community bank's approach to deposit growth, credit risk management, and shareholder value creation.
Greene County Bancorp (GCBC) reported a robust financial performance for its third fiscal quarter ending March 31, 2023, with net income rising to $8.1 million ($0.48 per share) for the quarter, compared to $7.2 million ($0.42 per share) during the same period in 2022. For the nine months, net income reached $24.3 million, up 14.9% from $21.2 million in the previous year. Total assets increased to $2.7 billion, with deposits also rising to $2.5 billion. The company reported a return on average assets of 1.26% and 19.51% on average equity. Notably, the firm was included in S&P Global’s best-performing community banks list for 2022 in the Northeast. Despite challenges in the banking sector, its long-term strategy focusing on local markets remains effective.
Greene County Bancorp, Inc. (NASDAQ-GCBC) announced a quarterly cash dividend of $0.07 per share, reflecting an annual rate of $0.28. This is unchanged from the prior quarterly dividend on a pre-split adjusted basis, following a 2-for-1 stock split executed on March 23, 2023. The dividend will be payable on May 31, 2023, to shareholders on record as of May 15, 2023. The majority owner, Greene County Bancorp, MHC, which holds 54.1% of the company’s shares, has waived its dividend receipt. This waiver follows approval from MHC members and the Federal Reserve Bank of Philadelphia for cash dividends aggregating up to $0.30 per share on a split-adjusted basis for four quarters ending March 31, 2023.
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