- Net income increased 37.4% YoY to $8.1 million in Q3 2025.
- Total assets reached a new milestone of $3.0 billion.
- Net interest margin improved to 2.32% from 1.90% YoY.
Greene County Bancorp, Inc. (NASDAQ: GCBC) reported robust financial results for the third quarter of fiscal year 2025, showcasing significant growth in key financial metrics. The company achieved a net income of $8.1 million, or $0.47 per share, marking a 37.4% increase from the $5.9 million reported in the same quarter last year. This growth underscores the company's strategic financial management and strong operational execution.
A notable milestone was reached as Greene County Bancorp's total assets surged to $3.0 billion as of March 31, 2025, illustrating the company's rapid expansion within the financial sector. This asset growth is a testament to the bank's ability to grow organically and efficiently manage its resources.
The bank's net interest margin improved significantly to 2.32% in Q3 2025, up from 1.90% in Q3 2024. This enhancement in margin is largely attributed to strategic positioning in higher-yielding loans and securities, coupled with effective deposit rate management in response to the Federal Reserve's policy adjustments.
Greene County Bancorp's loan portfolio saw a robust increase, with net loans rising by $118.0 million or 8.0%, reaching $1.6 billion. This growth was primarily driven by an uptick in commercial real estate loans, reflecting the bank's focus on sectors with higher yield potential.
Total deposits also exhibited strong growth, expanding by $265.5 million or 11.1% to $2.7 billion. The increase was largely due to a significant rise in NOW deposits, which grew by $232.6 million, further strengthening the bank's liquidity position.
Overall, Greene County Bancorp's latest financial results exemplify the company's solid financial health, strategic foresight, and commitment to sustainable growth amidst a dynamic economic environment.
