Greene County Bancorp, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2021
April 23, 2021 at 11:27 am EDT
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Greene County Bancorp, Inc. announced earnings results for the third quarter ended March 31, 2021. For the third quarter, the company announced net income was USD 5.258 million compared to USD 4.051 million a year ago. Basic earnings per share from continuing operations was USD 0.62 compared to USD 0.47 a year ago. For the nine months, net income was USD 16.328 million compared to USD 14.027 million a year ago. Basic earnings per share from continuing operations was USD 1.92 compared to USD 1.64 a year ago.
Greene County Bancorp, Inc. operates as the holding company of The Bank of Greene County (the Bank). The Bankâs principal business consists of attracting retail deposits from the general public in the areas surrounding its branches and investing those deposits, together with funds generated from operations and borrowings, primarily in residential mortgage loans, commercial real estate mortgage loans, consumer loans, home equity loans and commercial business loans. In addition, The Bank invests a significant portion of its assets in state and political subdivision securities and mortgage-backed securities. The Bank offers investment alternatives for customers. The Bank operates a subsidiary, Greene County Commercial Bank, which receives deposits only to the extent of accepting for deposit the funds of the United States and the state of New York and their respective agents, authorities and instrumentalities, and local governments. The Bank also operates a real estate investment trust.
GREENE COUNTY BANCORP, INC. 
