GREENE COUNTY BANCORP INC GCBC
Greene County Bancorp, MHC and Greene County Bancorp, Inc.
Greene County Bancorp, MHC was formed in December 1998 as part of the Bank of Greene County's mutual holding company reorganization. In 2001, Greene County Bancorp, MHC converted from a state to a federal charter. The Federal Reserve Board regulates Greene County Bancorp, MHC. Greene County Bancorp, MHC owns 54.1% of the issued and outstanding common stock of Greene County Bancorp, Inc. The remaining shares of Greene County Bancorp, Inc. are owned by public stockholders and the Bank of Greene County's Employee Stock Ownership Plan. At June 30, 2025, Greene County Bancorp, Inc.'s assets consisted primarily of its investment in the Bank of Greene County, cash and securities. At June 30, 2025, 7,808,300 shares of Greene County Bancorp, Inc.'s common stock, par value $0.10 per share, were held by the public, including executive officers and directors, 195,852 shares were held as Treasury stock and 9,218,528 shares were held by Greene County Bancorp, MHC, Greene County Bancorp, Inc.'s mutual holding company. Greene County Bancorp, MHC does not engage in any business activity other than to hold a majority of Greene County Bancorp, Inc.'s common stock and to invest any liquid assets of Greene County Bancorp, MHC.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $117.7M | $103.7M | $84.6M | $63.4M | $58.3M | $53.3M | $46.3M | $3.7M | $33.5M | $28.8M |
| Interest expense | $60.1M | $51.0M | $61.2M | $5.4M | $5.2M | $8.5M | $6.3M | $4.0M | $3.1M | $2.6M |
| Pre-tax income | $34.7M | $26.8M | $35.8M | $32.9M | $27.6M | $21.8M | $21.0M | $18.5M | $14.9M | $11.6M |
| Income tax | $3.5M | $2.0M | $5.0M | $4.9M | $3.7M | $3.0M | $3.5M | $4.1M | $3.7M | $2.7M |
| Net income | $31.1M | $24.8M | $30.8M | $28.0M | $23.9M | $18.7M | $17.5M | $14.4M | $11.2M | $9.0M |
| EPS, basic | 1.83 | 1.45 | 1.81 | 1.64 | 2.81 | 2.20 | 2.05 | 1.69 | 1.32 | 1.06 |
| EPS, diluted | 1.83 | 1.45 | 1.81 | 1.64 | 2.81 | 2.20 | 2.05 | 1.69 | 1.31 | 1.06 |
| Shares, diluted (wtd. avg.) | $17.0M | $17.0M | $17.0M | $17.0M | $8.5M | $8.5M | $8.5M | $8.5M | $8.5M | $8.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $183.1M | $190.4M | $196.4M | $69.0M | $149.8M | $40.5M | $29.5M | $26.5M | $16.3M | — |
| Property, plant and equipment | $15.2M | $15.6M | $15.0M | $14.4M | $14.1M | $13.7M | $13.3M | $13.3M | $13.6M | $14.2M |
| Total assets | $3.04B | $2.83B | $2.70B | $2.57B | $2.20B | $1.68B | $1.27B | $1.15B | $982.3M | $868.8M |
| Long-term debt | — | — | $0 | $0 | $0 | — | — | — | — | — |
| Total liabilities | $2.80B | $2.62B | $2.52B | $2.41B | $2.05B | $1.55B | $1.16B | $1.06B | $898.8M | $794.5M |
| Retained earnings | $241.4M | $214.7M | $193.7M | $165.1M | $139.8M | $118.3M | $101.8M | $86.2M | $73.1M | $63.8M |
| Total equity | $238.8M | $206.0M | $183.3M | $157.7M | $149.6M | $128.8M | $112.4M | $96.2M | $83.5M | $74.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $28.0M | $24.9M | $28.1M | $35.4M | $27.8M | $26.7M | $21.6M | $20.7M | $14.0M | $13.6M |
| Capital expenditure | $691.0K | $1.5M | $1.5M | $1.1M | $1.3M | $1.1M | $589.0K | $324.0K | $76.0K | $290.0K |
| Investing cash flow | -$210.2M | -$129.2M | $661.0K | -$471.2M | -$417.1M | -$397.3M | -$115.3M | -$163.4M | -$115.8M | -$132.4M |
| Financing cash flow | $174.9M | $98.3M | $98.7M | $355.1M | $498.7M | $381.5M | $96.7M | $152.9M | $102.1M | $119.2M |
| Dividends paid | $4.5M | $3.2M | $2.2M | $2.6M | $2.4M | $2.2M | $2.0M | $1.5M | $1.9M | $1.9M |
| Buybacks | — | — | — | — | $0 | $631.0K | $0 | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-25-034176.
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