Greene County Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022
April 21, 2022 at 10:14 am EDT
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Greene County Bancorp, Inc. reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported net interest income was USD 14.09 million compared to USD 13.57 million a year ago. Net income was USD 7.19 million compared to USD 5.26 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to USD 0.31 a year ago.
For the nine months, net interest income was USD 42.94 million compared to USD 39 million a year ago. Net income was USD 21.18 million compared to USD 16.33 million a year ago. Basic earnings per share from continuing operations was USD 1.245 compared to USD 0.96 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. 
