GCBC continues to execute on its strategy of asset repricing and deposit cost discipline, driving record profitability. With a 54.1% majority shareholder (MHC) and a $555M market cap, the stock remains thinly traded but the fundamental trajectory is strongly positive. Monitor the Q1 FY2027 earnings for continued margin expansion and loan growth, and watch for any acceleration in the share repurchase program.
Price Chart
Executive Summary
Greene County Bancorp reported record fiscal year 2026 earnings with net income of $41.0M ($2.41 EPS), up 31.7% YoY from $31.1M ($1.83 EPS), driven by a 46 bps expansion in net interest margin to 2.65%. The Q4 quarter alone produced $11.3M net income ($0.67 EPS), the highest quarterly earnings in company history, with total assets reaching a record $3.2B. The strong operating performance and expanding margins confirm the positive trajectory from the prior quarter's record results, with no guidance provided but continued momentum evident across all key metrics.
Key Financial Metrics
Key Facts
- Fiscal year 2026 net income of $41.0M, a new record high, up 31.7% from $31.1M in FY2025
- Q4 FY2026 net income of $11.3M ($0.67 EPS), the highest quarterly earnings in company history, vs $9.3M ($0.55 EPS) in Q4 FY2025
- Net interest margin expanded 46 bps to 2.65% for FY2026 vs 2.19% in FY2025, driven by higher-yielding assets and disciplined deposit pricing
- Pre-provision net income increased 32.7% to $43.1M for FY2026 vs $32.5M in FY2025
- Total assets reached a record $3.2B at June 30, 2026, up 4.7% YoY; net loans grew 7.7% to $1.7B
- Return on average assets improved to 1.35% for FY2026 vs 1.10% in FY2025; ROAE improved to 15.91% vs 14.08%
- Nonperforming loans increased to $3.9M (0.23% of net loans) from $3.1M (0.19%) at June 30, 2025, but remain very low
- Company repurchased 1,343 shares at avg $23.50 during Q4; 398,657 shares remain in the repurchase program
Financial Impact
Record annual net income of $41.0M, up 31.7% YoY; net interest margin expanded 46 bps to 2.65%
Risk Factors
- Nonperforming loans increased to $3.9M from $3.1M, though still very low at 0.23% of net loans
- Noninterest expense grew 11.0% in FY2026, outpacing noninterest income which declined 3.7%
- Borrowings increased to $155.1M from $128.1M, including $119M in overnight FHLB borrowings
- Geopolitical disruptions, tariff policies, and shifting global alliances create economic uncertainty for the bank's operating region
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-029411 |
| Document: ef20078633_8k.htm | 0001140361-26-029411 |
| Document: 0001140361-26-029411-index-headers.html | 0001140361-26-029411 |
| Document: 0001140361-26-029411-index.html | 0001140361-26-029411 |
| Document: 0001140361-26-029411.txt | 0001140361-26-029411 |
| 8-K Data (Synthetic) | 0001140361-26-029411 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $36.01 | awaiting T+60 | — | $35.75 (−0.72%) |
Oct 22, 2026 4d ago | Press Release | $36.01 | awaiting T+60 | — | $35.75 (−0.72%) |
Oct 21, 2026 5d ago | 8-K | $34.57 | awaiting T+60 | — | $35.75 (+3.41%) |
Oct 21, 2026 5d ago | Press Release | $34.57 | awaiting T+60 | — | $35.75 (+3.41%) |
Sep 25, 2026 4w ago | DEFA14A | $34.46 | awaiting T+60 | — | $35.75 (+3.74%) |
Sep 25, 2026 4w ago | DEF 14A | $34.46 | awaiting T+60 | — | $35.75 (+3.74%) |
Sep 15, 2026 5w ago | 8-K | $36.02 | awaiting T+60 | — | $35.75 (−0.75%) |
Jul 23, 2026 13w ago | 8-K | $32.68 $34.25 | ▲ +4.82% | ▲ +0.27% | $35.75 (+9.41%) |
Jul 22, 2026 13w ago | 8-K | $32.60 $34.25 | ▲ +5.06% | ▲ +1.80% | $35.75 (+9.66%) |
Jun 22, 2026 18w ago | 8-K | $29.09 $36.02 | ▲ +23.82% | ▲ +22.08% | $35.75 (+22.89%) |
US Market Status
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