Short answer
GREENE COUNTY BANCORP INC (GCBC) filed its fiscal 2026 10-K annual report with the SEC on Sep 9, 2026. It reported revenue of $131M (+11.4% year over year) and net income of $41M.
- Top risk flagged: Section 'risk_factors' was empty or not found.
FY2026 key financial metrics · XBRL
- Revenue
- $131M
- +11.4% YoY
- Net income
- $41M
- +31.7% YoY
- EPS (diluted)
- $2.41
- +31.7% YoY
- ROE
- 14.8%
- +1.7 pp YoY
- Operating cash flow
- $42M
- +51.2% YoY
Source: XBRL data from the GREENE COUNTY BANCORP INC (GCBC) FY2026 10-K on SEC EDGAR. USD.
GREENE COUNTY BANCORP INC FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Community bank primarily focused on originating and holding residential and commercial real estate mortgage loans, consumer and commercial loans, funded largely by retail, commercial, and municipal deposits
- New emphasis on growth in commercial lending and an increased focus on adjustable-rate mortgage (ARM) residential loans including first-time homebuyer programs with 30-year fixed terms
- Strategic shift: Expanded commercial real estate loan portfolio including $28.0 million in purchased loans outside primary market area, showing geographic and portfolio diversification
- Notable metric: Total assets at $3.18 billion, deposits $2.71 billion, Bank employee count steady at 227 with average tenure 7.1 years, 19 full-service offices mainly in NY’s Hudson Valley and Capital District
- Unusual fact: Greene County Bancorp, MHC received member approval and FRB non-objection to waive dividends up to $0.64 per share for 2026, a rare regulatory-mentioned dividend waiver under mutual holding company rules
Management Discussion & Analysis
- Revenue $131.1M, up 11.4% YoY from $117.7M, driven by $13.4M increase in interest income and deposit growth
- Net interest margin 2.65% vs 2.19%, net interest rate spread 2.43% vs 1.97%, net income $41.0M up 31.7% from $31.1M
- Best segment: Commercial real estate loans grew $92.3M to $1.15B (65.4% of loans); worst: Noninterest income down 3.7% to $14.7M
- Cash and equivalents $144.9M down $38.2M; repurchased 1,343 shares for $31.6K; dividends paid $4.0M; capex $741K mainly on IT/infrastructure
- Management outlook cautious on economic, interest rate, and credit risks; no material impact expected from new tax law; maintains strong liquidity and capital adequacy
Risk Factors
- Section 'risk_factors' was empty or not found.
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.