Greene County Bancorp, Inc. (GCBC) announced today that its first‑quarter 2026 net income reached $8.9 million, or $0.52 per basic and diluted share, up 41.7% from $6.3 million ($0.37) in the same quarter a year earlier. The company’s pre‑provision net income for the quarter was $10.1 million, a $3.2 million increase over the prior year’s $6.9 million.
Total consolidated assets stood at $3.1 billion as of September 30 2025, driven by $1.6 billion in net loans and $1.1 billion in securities. Deposits totaled $2.7 billion, reflecting continued growth in retail, business, municipal and private banking relationships. The company reported record highs in assets, loans, deposits and equity during the quarter.
GCBC also confirmed that it has finalized its expansion into Saratoga County, adding a new branch in Clifton Park. The move extends the bank’s footprint to six counties in New York State and positions it to capture a larger share of the region’s commercial and residential lending markets.
Management highlighted that the company’s balance‑sheet strategy—focusing on higher‑yielding loans and securities while lowering deposit rates—has contributed to a higher net interest margin for the quarter, supporting the bank’s ongoing profitability and capital strength.
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