Financial Performance - Net income for the fiscal year ended June 30, 2024, was $24.8 million, a decrease of $6.0 million or 19.5% compared to $30.8 million for the fiscal year ended June 30, 2023[2][4]. - Net income for the year ended June 30, 2024, was $24.769 million, down from $30.785 million for the year ended June 30, 2023[33]. - Net income for the three months ended June 30, 2024, was $6,732 thousand, compared to $6,460 thousand for the same period in 2023, representing an increase of 4.20%[39]. - Net income excluding provision for credit losses (non-GAAP) for the three months ended June 30, 2024, was $6,581 thousand, slightly down from $6,588 thousand in the previous year[39]. - The Company reported a basic and diluted EPS of $1.45 for the year ended June 30, 2024, down from $1.81 for the year ended June 30, 2023[33]. Income and Revenue - Net interest income decreased by $10.2 million to $51.0 million for the year ended June 30, 2024, from $61.2 million for the year ended June 30, 2023[5]. - Interest income for the year ended June 30, 2024, was $103.664 million, compared to $84.625 million for the year ended June 30, 2023, representing an increase of 22.5%[33]. - Noninterest income increased by $1.8 million or 14.5% to $13.9 million for the year ended June 30, 2024, compared to $12.1 million for the year ended June 30, 2023[16]. - Net interest margin decreased to 1.98% for the year ended June 30, 2024, compared to 2.45% for the year ended June 30, 2023[12]. - Net interest margin on a fully taxable-equivalent basis (non-GAAP) decreased to 2.24% for the three months ended June 30, 2024, down from 2.47% in the prior year[37]. Assets and Loans - Total assets reached a record high of $2.8 billion at June 30, 2024, an increase of $127.5 million or 4.7% from $2.7 billion at June 30, 2023[19]. - Average loan balances increased by $83.6 million for the year ended June 30, 2024, with the yield on loans increasing by 54 basis points[11]. - Net loans receivable increased by $92.6 million, or 6.7%, to $1.5 billion at June 30, 2024, compared to $1.4 billion at June 30, 2023[21]. - Net loans receivable rose to $1,480,229 thousand, up from $1,387,654 thousand, marking an increase of 6.66% year-over-year[35]. Deposits and Borrowings - Consolidated deposits totaled $2.4 billion at June 30, 2024, consisting of retail, business, municipal, and private banking relationships[10]. - Deposits totaled $2.39 billion at June 30, 2024, a decrease of $47.9 million, or 2.0%, from $2.44 billion at June 30, 2023[22]. - Total deposits decreased to $2,389,222 thousand as of June 30, 2024, from $2,437,161 thousand, a decline of 1.97%[35]. - Borrowings increased to $199.1 million at June 30, 2024, from $49.5 million at June 30, 2023, an increase of $149.6 million[23]. - The Company had zero brokered deposits as of June 30, 2024, compared to $60 million as of June 30, 2023[22]. Credit Quality - Nonperforming loans decreased to $3.7 million at June 30, 2024, from $5.5 million at June 30, 2023[15]. - The allowance for credit losses on loans to total loans receivable was 1.28% at June 30, 2024, down from 1.51% at June 30, 2023[13]. - The allowance for credit losses on loans was $19,244 thousand as of June 30, 2024, down from $21,212 thousand in the previous year, indicating improved credit quality[35]. Shareholders' Equity - Shareholders' equity increased to $206.0 million at June 30, 2024, from $183.3 million at June 30, 2023, primarily due to net income of $24.8 million[24]. - Total shareholders' equity increased to $206,000 thousand as of June 30, 2024, compared to $183,283 thousand in the previous year, reflecting a growth of 12.35%[35]. Taxation - The effective tax rate decreased to 1.4% for the three months ended June 30, 2024, compared to 10.2% for the same period in 2023[18]. Efficiency - The efficiency ratio for the year ended June 30, 2024, was 57.49%, compared to 52.63% for the year ended June 30, 2023[33]. Accounting Standards - The Company adopted the CECL accounting standard effective July 1, 2023, impacting the allowance for credit losses[34].

Highlights: Total consolidated assets for the Company were $2.8 billion at June 30, 2024, primarily consisting of $1.5 billion of net loans and $1.0 billion of total securities available-for-sale and held-to-maturity. Consolidated deposits totaled $2.4 billion at June 30, 2024, consisting of retail, business, municipal and private banking relationships. Net Interest Income and Margin Net interest rate spread and margin both decreased when comparing the three months and years ended June 30, 2024 and 2023. Ne ...

The cash dividend for the quarter ended June 30, 2024 will be paid to shareholders of record as of August 15, 2024, and is expected to be paid on August 30, 2024. Greene County Bancorp, Inc. is the direct and indirect holding company for The Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank, both headquartered in Catskill, New York. Our primary market area is the Hudson Valley Region and Capital District Region in New York Stat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OF 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES EXCHANGE ACT Commission File Number: 0-25165 GREENE COUNTY BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) United States 14-1809721 (State or other jurisdiction of incorporation or organization) (I.R.S. ...

Exhibit 99.1 To enhance our strategy highlighted above, on March 19, 2024, we opened a new Capital Region Banking Center, located at 3 Winners Circle, Albany, New York. This is our first non-branch office in the Capital Region. We have made tremendous strides in the Capital Region and our new Center is specifically designed to build on that momentum." • Net Income: $18.0 million for the nine months ended March 31, 2024 • Total Assets: $2.9 billion at March 31, 2024, a new record high • Net Loans: $1.5 billi ...

CATSKILL, N.Y., April 23, 2024 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (the "Company") (NASDAQ:GCBC), the holding company for The Bank of Greene County and its subsidiary Greene County Commercial Bank, today reported net income for the three and nine months ended March 31, 2024, which is the third quarter of the Company's fiscal year ending June 30, 2024. Net income for the three and nine months ended March 31, 2024 was $5.9 million, or $0.34 per basic and diluted share, and $18.0 million, or $1.06 ...

CATSKILL, N.Y., April 17, 2024 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.08 per share on the Company's common stock. The dividend reflects an annual cash dividend rate of $0.32 per share which is the same rate as the dividend declared during the previous quarter. The cash dividend for the quarter ended March 31, 2024 will be paid to shareholders of record as of May 15, 2024, and is expected to be pai ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OF 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES EXCHANGE ACT Commission File Number: 0-25165 GREENE COUNTY BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) United States 14-1809721 (State or other jurisdiction of incorporation or organization) (I.R ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OF 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES EXCHANGE ACT Commission File Number: 0-25165 GREENE COUNTY BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) United States 14-1809721 (State or other jurisdiction of incorporation or organization) (I. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended June 30, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transaction period from ___________________ to ______________________ Commission File Number: 0-25165 GREENE COUNTY BANCORP, INC. (Name of registrant as specified in its Charter) United States 14-1809721 (State or ...