Greene County Bancorp First-Quarter Net Income Rises 41% Year Over Year to $12.5 Million

Bitget2026/10/22 12:09

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Greene County Bancorp’s net income jumped 41% year-over-year to a record $12.5 million for the quarter ended September 30, 2026.
Net interest income rose 25% year-over-year to $21.89 million, supported by higher earning-asset balances and yields and lower funding rates.
Credit loss provisions swung to a $432,000 benefit from a year-earlier charge, primarily due to a repaid loan and improved economic forecasts.
Noninterest income fell 27% year-over-year to $2.9 million, primarily due to securities-sale losses and lower customer interest-rate swap income.
The company redeemed $10 million of Fixed-to-Floating Rate Subordinated Notes on September 15, leaving $20 million outstanding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greene County Bancorp Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610220800PRIMZONEFULLFEED9850808) on October 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Greene County Bancorp First-Quarter Net Income Rises 41% Year Over Year to $12.5 Million

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