Greene County Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
January 20, 2023 at 02:44 pm
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Greene County Bancorp, Inc. reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported net interest income was USD 15.92 million compared to USD 14.45 million a year ago. Net income was USD 7.2 million compared to USD 6.88 million a year ago. Basic earnings per share from continuing operations was USD 0.425 compared to USD 0.405 a year ago.
For the six months, net interest income was USD 31.76 million compared to USD 28.85 million a year ago. Net income was USD 16.23 million compared to USD 13.99 million a year ago. Basic earnings per share from continuing operations was USD 0.955 compared to USD 0.82 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. 
