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Greene County Bancorp, Inc. operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company offers deposit products, such as savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts. Its loan portfolio includes residential, construction and land loans; commercial real estate mortgages; consumer loans, including loans on new and used automobiles, personal loans, and home equity loans, as well as other consumer installment loans comprising passbook loans, unsecured home improvement loans, recreational vehicle loans, and deposit account overdrafts; and commercial loans. In addition, it provides transaction processing and investment brokerage services. Further, it engages in the sale of securities and the operation of banking office, lending centers, an operations center, customer call center, administration center, and a wealth management center. The company was founded in 1889 and is based in Catskill, New York. Greene County Bancorp, Inc. operates as a subsidiary of Greene County Bancorp, MHC.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $75M | - | $31M | $27M | 13.0% | 16.1% | 25.7% |
| 2024 | $65M | - | $25M | $23M | 12.0% | -11.6% | -19.5% |
| 2023 | $73M | - | $31M | $27M | 16.8% | 4.6% | 10.0% |
| 2022 | $70M | - | $28M | $34M | 17.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 70.14 | 73.36 | 64.89 | 75.35 |
| Operating Revenue | - | 70.14 | 73.36 | 64.89 | 75.35 |
| Selling General And Administration | - | 21.98 | 25 | 25.57 | 26.27 |
| Interest Income | - | 63.44 | 84.62 | 103.66 | 117.70 |
| Interest Expense | - | 5.44 | 23.41 | 52.68 | 57.58 |
| Net Interest Income | - | 58 | 61.22 | 50.98 | 60.12 |
| Pretax Income | - | 32.90 | 35.83 | 26.82 | 34.67 |
| Tax Provision | - | 4.92 | 5.04 | 2.05 | 3.53 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 27.99 | 30.78 | 24.77 | 31.14 |
| Net Income From Continuing And Discontinued Operation | - | 27.99 | 30.78 | 24.77 | 31.14 |
| Net Income From Continuing Operation Net Minority Interest | - | 27.99 | 30.78 | 24.77 | 31.14 |
| Net Income | - | 27.99 | 30.78 | 24.77 | 31.14 |
| Net Income Common Stockholders | - | 27.99 | 30.78 | 24.77 | 31.14 |
| Net Income Including Noncontrolling Interests | - | 27.99 | 30.78 | 24.77 | 31.14 |
| Normalized Income | - | 27.99 | 30.78 | 24.77 | 31.14 |
| Diluted NI Availto Com Stockholders | - | 27.99 | 30.78 | 24.77 | 31.14 |
| Basic Average Shares | 17.03 | 17.03 | 17.03 | 17.03 | - |
| Diluted Average Shares | 17.03 | 17.03 | 17.03 | 17.03 | - |
| Reconciled Depreciation | - | 0.83 | 0.87 | 0.93 | 1.06 |
| Gain On Sale Of Security | - | 0 | -0.25 | 0 | -0.66 |
| General And Administrative Expense | - | 21.49 | 24.50 | 25.12 | 25.79 |
| Other Gand A | - | 4.12 | 4.52 | 3.96 | 4.56 |
| Salaries And Wages | - | 20.67 | 23.42 | 23.84 | 24.42 |
| Insurance And Claims | - | 0.83 | 1.08 | 1.29 | 1.37 |
| Selling And Marketing Expense | - | 0.49 | 0.50 | 0.44 | 0.49 |
| Occupancy And Equipment | - | 3.11 | 3.03 | 3.16 | 3.42 |
| Professional Expense And Contract Services Expense | - | 1.41 | 3.02 | 1.52 | 1.35 |
| Other Non Interest Expense | - | 7.45 | 7.55 | 7.06 | 8.32 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Greene County Bancorp, Inc.this co. | GCBC | $459M | 14.74↑ premium | 1.92 | 13.0% | - |
| American Coastal Insurance Corporation | ACIC | $489M | 4.58 | 1.54 | 33.6% | - |
| First Business Financial Services, Inc. | FBIZ | $482M | 9.59 | 1.34 | 14.0% | - |
| ChoiceOne Financial Services, Inc. | COFS | $470M | 16.67 | 1.01 | 6.1% | - |
| AlTi Global, Inc. |
| - |
| - |
| - |
| - |
| - |
| - |
| ALTI |
| $461M |
| -3.85 |
| 1.81 |
| -47.1% |
| -5.59 |
| Orange County Bancorp, Inc. | OBT | $457M | 10.97 | 1.61 | 14.6% | - |
| Ponce Financial Group, Inc. | PDLB | $455M | 15.84 | 1.44 | 9.1% | - |
| Investors Title Company | ITIC | $445M | 12.64 | 1.66 | 13.1% | - |
| Colony Bankcorp, Inc. | CBAN | $425M | 15.03 | 1.13 | 7.5% | - |
| Peer Median | - | 11.81 | 1.49 | 11.1% | -5.59 | |