Greene County Bancorp, Inc. Reports Net Income of $24.8 million for the Fiscal Year Ended June 30, 2024 and is selected for the “2024 KBW Bank Honor Roll” for the Thirteenth Consecutive Year

CATSKILL, N.Y., July 23, 2024 (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 quarter and fiscal year ended June 30, 2024. Net income for the quarter and fiscal year ended June 30, 2024 was $6.7 million, or $0.40 per basic and diluted share, and $24.8 million, or $1.45 per basic and diluted share, respectively, as compared to $6.5 million, or $0.38 per basic and diluted share, and $30.8 million, or $1.81 per basic and diluted share, for the quarter and fiscal year ended June 30, 2023, respectively. Net income increased $272,000, or 4.2%, when comparing the quarters ended June 30, 2024 and 2023, and decreased $6.0 million, or 19.5%, when comparing the fiscal years ended June 30, 2024 and 2023.

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