Greene County Bancorp Full Year 2024 Earnings: EPS: US$1.46 (vs US$1.81 in FY 2023)

Greene County Bancorp (NASDAQ:GCBC) Full Year 2024 Results

Key Financial Results

• Revenue: US$64.1m (down 14% from FY 2023).
• Net income: US$24.8m (down 20% from FY 2023).
• Profit margin: 39% (down from 41% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$1.46 (down from US$1.81 in FY 2023).

GCBC Banking Performance Indicators

• Net interest margin (NIM): 2.25% (down from 2.66% in FY 2023).
• Cost-to-income ratio: 57.5% (up from 52.6% in FY 2023).
• Non-performing loans: 0.25% (down from 0.39% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

In the last 12 months, the only revenue segment was Thrift / Savings and Loan Institutions contributing US$64.1m. The largest operating expense was General & Administrative costs, amounting to US$32.5m (83% of total expenses). Explore how GCBC's revenue and expenses shape its earnings.

Greene County Bancorp shares are down 10% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Greene County Bancorp that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.