Greene County Banc reported record fiscal year 2026 net income of $41.0 million, or $2.41 per share, and quarterly net income of $11.3 million, or $0.67 per share, for the period ended June 30, 2026. Total assets reached $3.2 billion and net loans climbed to $1.7 billion at year-end. Management highlighted improved net interest margin and national recognition as a top-performing bank under $5 billion.

Financial Highlights

  • Net income: $41.0 million for the fiscal year ended June 30, 2026; $11.3 million for the quarter ended June 30, 2026.
  • Adjusted diluted EPS / Basic and diluted EPS: $2.41 per share for FY2026; $0.67 per share for Q4 FY2026.
  • Total assets: $3.183 billion at June 30, 2026 (record high).
  • Net loans receivable: $1.731 billion at June 30, 2026 (record high); allowance for credit losses on loans $21.9 million (1.25% of loans).
  • Net interest income: $77.9 million for FY2026; net interest margin 2.65% for FY2026 (taxable-equivalent net interest margin 2.95%).

Business Highlights

  • Recognized by Bank Director Magazine’s RankingBanking report as one of the nation’s top-performing banks under $5.0 billion based on profitability, asset quality, and capital strength.
  • Strategic balance sheet management emphasized: focus on higher-yielding loans and securities, plus disciplined deposit pricing to align with Fed rate cuts and improve margin.
  • Loan growth driven by commercial real estate (+$92.3 million), commercial loans (+$24.7 million) and home equity loans (+$11.3 million) during the year.
  • Capital and liquidity maintained: shareholders’ equity increased to $277.8 million and cash/securities allocations included $694.2 million in securities purchases during the year.
  • Operational action: termination and settlement of the defined benefit pension plan during FY2026 using plan assets (approx. $3.5 million).

Original SEC Filing:

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