Greene County Bancorp Q3 profit rises on loan growth

Greene County Bancorp

22/04/2026 16:20

Overview

US community bank's preliminary fiscal Q3 net income rose

EPS for fiscal Q3 increased yr/yr to $0.62

Company adopted a stock repurchase program for up to 400,000 shares

Outlook

Company says recent global conflicts and tariff shifts complicate the economic outlook

Company remains focused on building shareholder value amid market volatility

Result Drivers

HIGHER NET INTEREST INCOME - Co said increased average balances of interest-earning assets and higher yields on loans and securities drove net interest income growth

LOAN GROWTH - Co attributed increased net income to growth in commercial real estate, commercial, and home equity loans

LOWER DEPOSIT COSTS - Co said strategic reduction in deposit rates reduced funding costs and improved net interest margin

Company press release: ID:nGNX6C2bS8

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.62
Q3 Net Income
$10.52 mln
Q3 Net Interest Income
$20.19 mln
Q3 Loan Loss Provision
$451,000


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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.)