Greene County Bancorp (GCBC) investor relations material

Executive summary

• Achieved record net income of $10.5 million for the quarter and $29.7 million for the nine months ended March 31, 2026, representing a 36.1% year-over-year increase for the nine-month period.

• Set all-time highs in total assets ($3.2 billion), net loans ($1.7 billion), and total deposits ($2.8 billion) as of March 31, 2026.

• Announced a stock repurchase program authorizing the buyback of up to 400,000 shares.

Financial highlights

• Net interest income rose to $20.2 million for the quarter and $56.8 million for the nine months, up $4.0 million and $13.4 million year-over-year, respectively.

• Noninterest income declined 4.1% for the quarter and 5.5% for the nine months, mainly due to the absence of prior-year tax credits and lower swap fee income.

• Noninterest expense increased 12.3% for the quarter and 9.7% for the nine months, driven by higher salaries, a pension plan settlement charge, and increased charitable contributions.

• Provision for credit losses decreased to $451,000 for the quarter and $1.9 million for the nine months, reflecting improved economic forecasts and loan upgrades.

Outlook and guidance

• Management remains focused on disciplined balance sheet management, emphasizing higher-yielding assets and prudent deposit pricing amid ongoing economic and geopolitical uncertainty.

• The company continues to prioritize long-term shareholder value and community banking relationships.