Greene County Bancorp (NASDAQ: GCBC) keeps $0.10 dividend as MHC takes cash

Rhea-AI Filing Summary

Greene County Bancorp, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.10 per share on its common stock, equal to an annual rate of $0.40 per share, the same rate as in the previous quarter. A press release with further details is filed as an exhibit.

The company notes that Greene County Bancorp, MHC, its mutual holding company and majority stockholder, owns 9,218,528 of the company’s 17,026,828 total shares of common stock outstanding. The MHC has historically waived its right to receive cash dividends, but for cash flow purposes it does not intend to waive receipt of the dividend for the quarter ended December 31, 2025.

Insights

Bank equity and dividend policy analyst

Dividend is maintained, but a key shareholder will now take cash.

Greene County Bancorp, Inc. is keeping its quarterly dividend at $0.10 per share, implying an annualized rate of $0.40 per share, the same level as the prior quarter. This signals a stable payout level for common shareholders in the near term based on the information provided.

A notable change is that Greene County Bancorp, MHC, which holds 9,218,528 of the company’s 17,026,828 outstanding shares, has historically waived its dividends but does not intend to waive the dividend for the quarter ended December 31, 2025. That choice increases the total cash distributed, reducing cash retained within the company compared with prior quarters when the MHC waived its dividends.

The impact on the broader investment case depends on how significant this extra cash outflow is relative to earnings and capital levels, which are not detailed here. Subsequent financial reports may show how this change in the MHC’s waiver practice interacts with profitability and capital management over future periods.

8-K Event Classification

2 items: 8.01, 9.01

2 items

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.

Understanding 8-K Material Events →

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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): January 20, 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 January 21, 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.  However, for purposes of cash flow, the MHC does not intend to waive its receipt of these dividends to be paid by the Company for the quarter ended December 31, 2025.

Item 9.01 Financial Statements and Exhibits

	Exhibit No.	Description
	99.1	Press release dated January 21, 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: January 21, 2026 By: /s/ Donald E. Gibson

Donald E. Gibson

President & Chief Executive Officer

FAQ

What dividend did Greene County Bancorp (GCBC) declare in this 8-K?

The Board of Greene County Bancorp, Inc. approved a quarterly cash dividend of $0.10 per share on the company’s common stock.

Is Greene County Bancorp (GCBC) changing its dividend rate?

No. The filing states the quarterly dividend of $0.10 per share reflects an annual rate of $0.40 per share, which is the same rate as the dividend declared during the previous quarter.

How many Greene County Bancorp (GCBC) shares are outstanding?

The company reports a total of 17,026,828 shares of common stock outstanding.

How many GCBC shares does Greene County Bancorp, MHC own?

Greene County Bancorp, MHC, the mutual holding company and majority stockholder, owns 9,218,528 shares of the company’s common stock.

Has Greene County Bancorp, MHC historically taken its dividends from GCBC?

The filing states that the MHC has historically waived its right to receive cash dividends from the company.

Will Greene County Bancorp, MHC waive its dividend for the quarter ended December 31, 2025?

No. For purposes of cash flow, the MHC does not intend to waive its receipt of the dividends to be paid by the company for the quarter ended December 31, 2025.

What exhibit is included with this Greene County Bancorp (GCBC) 8-K?

The filing includes a press release dated January 21, 2026 as Exhibit 99.1 and a Cover Page Interactive Data File as Exhibit 104.