Strong earnings beat and margin expansion suggest GCBC is effectively navigating rate cuts through asset repricing and deposit cost management. The new buyback program enhances shareholder returns — monitor share repurchase activity and next quarter's loan growth sustainability.
Price Chart
Executive Summary
Greene County Bancorp (GCBC) reported strong Q3 FY2026 earnings with record net income of $29.7M (up 36.1% YoY) and EPS of $0.62, driven by higher net interest margin and loan growth. The company also announced a 400,000-share repurchase program.
Key Financial Metrics
Key Facts
- Net income for the nine months ended March 31, 2026 was $29.7 million, up 36.1% YoY from $21.8 million
- EPS was $0.62 for the quarter, up from $0.47 in the same period last year
- Net interest margin increased 45 basis points to 2.59% for the nine months
- Total assets, loans, and deposits all reached record highs at $3.2B, $1.7B, and $2.8B respectively
- Company adopted a stock repurchase program for up to 400,000 shares
Financial Impact
$29.7M net income (36.1% YoY growth), $0.62 EPS, 2.59% net interest margin
Risk Factors
- Earnings benefit from prior-year tax credit (ERTC) in 2025, creating easier YoY comparison
- Noninterest expenses rose 12.3% due to pension plan settlement and higher compensation costs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3279176 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $36.01 | awaiting T+60 | — | $35.94 (−0.21%) |
Oct 22, 2026 5d ago | Press Release | $36.01 | awaiting T+60 | — | $35.94 (−0.21%) |
Oct 21, 2026 5d ago | 8-K | $34.57 | awaiting T+60 | — | $35.94 (+3.95%) |
Oct 21, 2026 6d ago | Press Release | $34.57 | awaiting T+60 | — | $35.94 (+3.95%) |
Sep 25, 2026 4w ago | DEFA14A | $34.46 | awaiting T+60 | — | $35.94 (+4.28%) |
Sep 25, 2026 4w ago | DEF 14A | $34.46 | awaiting T+60 | — | $35.94 (+4.28%) |
Sep 15, 2026 5w ago | 8-K | $36.02 | awaiting T+60 | — | $35.94 (−0.24%) |
Jul 23, 2026 13w ago | 8-K | $32.68 $34.25 | ▲ +4.82% | ▲ +0.27% | $35.94 (+9.98%) |
Jul 22, 2026 13w ago | 8-K | $32.60 $34.25 | ▲ +5.06% | ▲ +1.80% | $35.94 (+10.23%) |
Jun 22, 2026 18w ago | 8-K | $29.09 $36.02 | ▲ +23.82% | ▲ +22.08% | $35.94 (+23.53%) |
US Market Status
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