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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 70.14 | 73.36 | 64.89 | 75.35 |
| Pretax Income | 32.91 | 35.83 | 26.82 | 34.67 |
| Tax Provision | 4.92 | 5.04 | 2.05 | 3.53 |
| Net Income | 27.99 | 30.79 | 24.77 | 31.14 |
| Net Income Common Stockholders | 27.99 | 30.79 | 24.77 | 31.14 |
| Interest Expense | 5.44 | 23.41 | 52.69 | 57.58 |
| Interest Income | 63.44 | 84.62 | 103.66 | 117.70 |
| Selling General And Administration | 21.98 | 25 | 25.57 | 26.27 |
| Normalized Income | 27.99 | 30.79 | 24.77 | 31.14 |
| Basic EPS | 1.65 | 1.81 | 1.45 | 0 |
| Diluted EPS | 1.65 | 1.81 | 1.45 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.15 | 0.14 | 0.08 | 0.10 |
| Net Income From Continuing Operation Net Minority Interest | 27.99 | 30.79 | 24.77 | 31.14 |
| Reconciled Depreciation | 0.83 | 0.87 | 0.93 | 1.06 |
| Net Interest Income | 58.01 | 61.22 | 50.98 | 60.12 |
| Net Income From Continuing And Discontinued Operation | 27.99 | 30.79 | 24.77 | 31.14 |
| Diluted Average Shares | 17.03 | 17.03 | 17.03 | 0 |
| Basic Average Shares | 17.03 | 17.03 | 17.03 | 0 |
| Diluted NI Availto Com Stockholders | 27.99 | 30.79 | 24.77 | 31.14 |
| Net Income Including Noncontrolling Interests | 27.99 | 30.79 | 24.77 | 31.14 |
| Net Income Continuous Operations | 27.99 | 30.79 | 24.77 | 31.14 |
| Gain On Sale Of Security | 0 | -0.25 | 0 | -0.67 |
| Selling And Marketing Expense | 0.49 | 0.50 | 0.45 | 0.49 |
| General And Administrative Expense | 21.49 | 24.50 | 25.12 | 25.79 |
| Other Gand A | 4.12 | 4.52 | 3.96 | 4.56 |
| Insurance And Claims | 0.83 | 1.08 | 1.29 | 1.37 |
| Salaries And Wages | 20.67 | 23.42 | 23.84 | 24.41 |
| Operating Revenue | 70.14 | 73.36 | 64.89 | 75.35 |
| 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 | $402M | 10.31 | 1.50 | 13.0% | - |
| Bank of Marin Bancorp | BMRC | $413M | - | 1.03 | -9.0% | - |
| Citizens & Northern Corporation | CZNC | $412M | 15.75 | 1.20 | 6.9% | - |
| West Bancorporation, Inc. | WTBA | $409M | 11.60 | 1.51 | 12.2% | - |
| RBB Bancorp | RBB | $408M |
| 10.11 |
| 0.78 |
| 6.1% |
| - |
| GBank Financial Holdings Inc. | GBFH | $407M | 19.55 | 2.44 | 12.6% | - |
| Chaince Digital Holdings Inc. | CD | $406M | - | 8.46 | -11.6% | -100.98 |
| Commercial Bancgroup, Inc. | CBK | $391M | 10.27 | 1.37 | 13.0% | - |
| Onity Group Inc. | ONIT | $390M | 2.13 | 0.62 | 30.2% | 25.75 |
| Peer Median | - | 10.94 | 1.29 | 9.5% | -37.62 | |