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$0.10 quarterly dividend at Greene County Bancorp (NASDAQ: GCBC)

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Greene County Bancorp, Inc. declared a quarterly cash dividend of $0.10 per share on its common stock, equal to an annual rate of $0.40 per share, unchanged from the prior quarter. The dividend will be paid on May 29, 2026 to shareholders of record on May 15, 2026.

Greene County Bancorp, MHC, which owns 54.1% of the outstanding common shares, will again waive its right to receive this dividend. The Federal Reserve Bank of Philadelphia has granted nonobjection for the MHC to waive dividends up to $0.64 per share over four quarters in 2026.

Positive

  • None.

Negative

  • None.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Quarterly dividend $0.10 per share Cash dividend for quarter ended March 31, 2026
Annualized dividend rate $0.40 per share Same rate as previous quarter’s dividend
Shares outstanding 17,026,828 shares Total common stock outstanding
MHC share ownership 9,218,528 shares (54.1%) Greene County Bancorp, MHC holdings in common stock
Dividend waiver cap $0.64 per share Maximum dividends MHC may waive over four 2026 quarters
Dividend record date May 15, 2026 Shareholders of record eligible for $0.10 dividend
Dividend payment date May 29, 2026 Scheduled payment date for quarterly cash dividend
quarterly cash dividend financial
"its Board of Directors has approved a quarterly cash dividend of $0.10 per share"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
mutual holding company financial
"Greene County Bancorp, MHC (the “MHC”), a federal mutual holding company"
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.
shareholders of record financial
"paid to shareholders of record as of May 15, 2026"
Shareholders of record are the people officially listed as owners of a company's stock on a specific date. This matters because only these shareholders are entitled to receive dividends or vote at company meetings. It's like being on the official guest list for a party—you get to enjoy the perks and have a say.
nonobjection regulatory
"The MHC received the nonobjection of the Federal Reserve Bank of Philadelphia"
Nasdaq Capital Market market
"Greene County Bancorp, Inc. (GCBC) is publicly traded on the Nasdaq Capital Market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
Understanding 8-K Material Events →
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 21, 2026

GREENE COUNTY BANCORP, INC.
(Exact Name of Registrant as Specified in its Charter)

United States of America
   0-25165
  
14-1809721
(State or Other Jurisdiction of Incorporation)
  
(Commission File No.)
  
(I.R.S. Employer Identification No.)

302 Main Street, Catskill NY
12414
  
(Address of Principal Executive Offices)
(Zip Code)
  

Registrant’s telephone number, including area code:          (518) 943-2600

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of class
Trading symbol
Name of exchange on which registered Common
Common Stock, $0.10 par value
GCBC
 The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01
Other Events

On April 22, 2026, 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.

A press release announcing the details of the dividend declaration is filed as exhibit 99.1.

Greene County Bancorp, MHC (the “MHC”), the mutual holding company and majority stockholder of the Company, and owner of 9,218,528 shares of the Company’s 17,026,828 total shares of common stock outstanding, has historically waived its right to receive cash dividends from the Company. The MHC intends to waive its receipt of this dividend to be paid by the Company for the quarter ended March 31, 2026.

Item 9.01
Financial Statements and Exhibits

 
Exhibit No.
Description
     
 
99.1
Press release dated April 22, 2026

Exhibit Number
Description
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.


 GREENE COUNTY BANCORP, INC.
 
DATE: April 22, 2026
By:
/s/ Donald E. Gibson



Donald E. Gibson
 

President & Chief Executive Officer


Exhibit 99.1


FOR IMMEDIATE RELEASE
Date: April 22, 2026
For Further Information Contact:
Donald E. Gibson
President and Chief Executive Officer
(518) 943-2600
donaldg@tbogc.com

GREENE COUNTY BANCORP, INC. ANNOUNCES CASH DIVIDEND

Catskill, NY – April 22, 2026. 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 March 31, 2026, will be paid to shareholders of record as of May 15, 2026, and is expected to be paid on May 29, 2026.

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 $0.64 per share, paid by the Company for the four quarters ending March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026.

*          *          *

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.

(END)


Source: View Original Filing on SEC EDGAR

FAQ

What dividend did Greene County Bancorp (GCBC) declare for the March 31, 2026 quarter?

Greene County Bancorp declared a quarterly cash dividend of $0.10 per share on its common stock. This represents an annualized rate of $0.40 per share, the same rate as the dividend declared in the previous quarter for its shareholders.

When will Greene County Bancorp (GCBC) pay its latest cash dividend?

The company plans to pay the $0.10 per share cash dividend on May 29, 2026. Shareholders must be on record as of May 15, 2026 to receive this dividend for the quarter ended March 31, 2026.

Is the Greene County Bancorp (GCBC) dividend rate changing this quarter?

The dividend rate is not changing this quarter. Greene County Bancorp’s Board approved a quarterly cash dividend of $0.10 per share, which equals an annual rate of $0.40 per share, identical to the rate declared in the prior quarter.

Does Greene County Bancorp’s mutual holding company receive the GCBC dividend?

No. Greene County Bancorp, MHC, which owns 54.1% of the company’s outstanding common shares, is waiving its right to receive this dividend. The MHC has historically waived dividends and obtained Federal Reserve nonobjection to waive up to $0.64 per share over four quarters.

How many Greene County Bancorp (GCBC) shares does the mutual holding company own?

Greene County Bancorp, MHC owns 9,218,528 of the company’s 17,026,828 total common shares outstanding. This represents approximately 54.1% ownership, making the MHC the majority stockholder while continuing to waive receipt of cash dividends from the company.

What regulatory approval supports Greene County Bancorp MHC’s dividend waiver?

The Federal Reserve Bank of Philadelphia issued a nonobjection allowing Greene County Bancorp, MHC to waive dividends up to $0.64 per share. This covers four quarters ending March 31, June 30, September 30, and December 31, 2026, including the current $0.10 dividend.

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents