Greene County Bancorp (NASDAQ:GCBC) reported a surge in profitability, achieving the highest quarterly and six-month earnings in its 137-year history.
The company posted record net income of $10.3 million for the quarter ended Dec. 31, 2025, while six-month net income climbed to $19.2 million, underscoring a period of aggressive balance sheet growth and margin expansion.
The lender’s total consolidated assets hit an all-time high of $3.1 billion, fueled by a robust loan portfolio with net loans reaching $1.7 billion.
The bank's performance was bolstered by a significant lift in efficiency and yield, as pre-provision net income jumped 38.7% year-over-year to $20.6 million.
This growth was supported by a 47-basis-point improvement in the net interest margin, which climbed to 2.51%, as the bank successfully repriced assets in a stabilizing rate environment.
CEO Donald Gibson attributed the milestone to the bank’s disciplined expansion into high-growth markets, including its recent entry into Saratoga County.
Efficiency also remained a hallmark of the period, with a return on average assets of 1.27% and a return on average equity of 15.45%.