Greene County Bancorp, Inc. Reports Record High Net Income for the Nine Months Ended March 31, 2023

CATSKILL, N.Y., April 20, 2023 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (the “Company”) (NASDAQ: GCBC), the holding company for The Bank of Greene County and its subsidiary Greene County Commercial Bank, today reported net income for the three and nine months ended March 31, 2023, which is the third quarter of the Company’s fiscal year ending June 30, 2023. Net income for the three and nine months ended March 31, 2023 was $8.1 million, or $0.48 per basic and diluted share, and $24.3 million, or $1.43 per basic and diluted share, respectively, as compared to $7.2 million, or $0.42 per basic and diluted share, and $21.2 million, or $1.24 per basic and diluted share, for the three and nine months ended March 31, 2022, respectively. All share and per share information throughout this release has been retroactively adjusted to reflect the 2-for-1 stock split effected on March 23, 2023. Net income increased $3.1 million, or 14.9%, when comparing the nine months ended March 31, 2023 and 2022.

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