Greene County Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2019
January 24, 2020 at 06:05 pm
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Greene County Bancorp, Inc. announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced net interest income was USD 10.911 million compared to USD 9.995 million a year ago. Net income was USD 5.113 million compared to USD 4.584 million a year ago. Basic earnings per share was USD 0.6 compared to USD 0.54 a year ago. For the half year, net interest income was USD 21.411 million compared to USD 19.652 million a year ago. Net income was USD 9.976 million compared to USD 8.964 million a year ago. Basic earnings per share was USD 1.17 compared to USD 1.05 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. 
