Greene County Bancorp's Q2 profit rises on higher interest margin

Greene County Bancorp

21/01/2026 14:27

Overview

New York community bank's fiscal Q2 net income rose 37.4% yr/yr

Company's total assets reached a record $3.1 bln

Net interest income for fiscal Q2 grew 35.4% yr/yr

Result Drivers

BALANCE SHEET MANAGEMENT - Co focused on higher-yielding loans and securities, and lowered deposit rates, boosting net interest margin

NEW OFFICE LAUNCH - Co opened its first office in Saratoga County, aligning with strategy for growth in high-potential markets

RECORD NET INCOME - Co achieved record net income driven by increased net interest income and strategic capital deployment

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.60
Q2 Net Income
$10.29 mln
Q2 Net Interest Income
$19.06 mln
Q2 Loan Loss Provision
$199,000


Press Release: ID:nGNX3lcMrz

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)