Greene County ( (GCBC) ) has released its Q1 earnings. Here is a breakdown of the information Greene County presented to its investors.
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Greene County Bancorp, Inc. is a financial institution operating in the banking sector, primarily engaged in attracting deposits and investing in loans and securities, with a focus on the Hudson Valley and Capital District Regions of New York State. The company recently released its earnings report for the quarter ended September 30, 2025, showcasing a solid financial performance. Key highlights include a significant increase in net income to $8.87 million, up from $6.26 million in the same quarter last year, driven by higher interest income and effective cost management. The company’s total assets grew to $3.06 billion, with net loans receivable increasing to $1.65 billion. Despite a slight decrease in cash and cash equivalents, the company maintained a strong deposit base of $2.72 billion. Looking ahead, Greene County Bancorp’s management remains optimistic about its growth prospects, focusing on maintaining financial stability and exploring opportunities for expansion in its market areas.