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

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Greene County Bancorp that you should be aware of.

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