Greene County Bancorp (GCBC) investor relations material

Executive summary

• Net income for the quarter ended December 31, 2025, was $10.3 million, up from $7.5 million year-over-year, and $19.2 million for the six months, up from $13.8 million, marking the highest quarterly earnings in the company's 137-year history.

• Total assets grew to a record $3.1 billion, a 3.5% increase from June 30, 2025.

• Shareholders' equity rose to $258.3 million, driven by net income and reduced accumulated other comprehensive loss.

• Opened first Saratoga County office, expanding into a high-growth market.

• Recognized as a top-performing bank in Piper Sandler's 2025 Small-Cap All Stars, ranking 9th out of 24.

Financial highlights

• Net interest income for the quarter was $19.1 million, up $5.0 million year-over-year; for six months, $36.6 million, up $9.4 million.

• Net interest margin increased to 2.54% for the quarter and 2.51% for six months, up 50 and 47 basis points, respectively.

• Provision for credit losses was $199,000 for the quarter and $1.5 million for six months, reflecting loan growth.

• Noninterest income decreased 18.6% for the quarter, mainly due to a $576,000 loss on securities sales.

• Noninterest expense rose 11.4% for the quarter, led by higher salaries, legal fees, and pension costs.

Outlook and guidance

• Management anticipates sufficient liquidity and capital to meet commitments, with $124.1 million in cash and $379.0 million in unused credit lines.

• The company continues to monitor interest rate risk and asset quality, with strategies to manage deposit flows and maintain strong capital ratios.

• Management will continue to monitor Federal Reserve actions and adjust deposit rates accordingly.

• Strategic focus remains on disciplined capital deployment and expansion into growth markets.