Greene County Bancorp (GCBC) delivered a standout QQ3 2025 performance marked by strong profitability and solid liquidity, underscored by a substantial net income of $8.054 million on reported revenue of $33.635 million. The quarter reflected a robust operating margin of 26.58% and a net margin of 23.95%, supported by an 8.941 million EBITDA figure and an operating income of 8.941 million. Earnings per share stood at $0.47 on a basic basis, with 17.026 million weighted-average shares outstanding. YoY revenue growth registered at approximately 118% and QoQ growth around 87%, driven by disciplined loan growth, favorable asset mix, and ongoing fee-based activities in a favorable rate environment, despite a backdrop of macro volatility in regional lending. Free cash flow amounted to $7.253 million, and operating cash flow was $7.305 million, highlighting GCBC’s ability to convert earnings into cash while maintaining capital discipline.
The balance sheet remains resilient, featuring a total asset base of about $3.008 billion and a net cash position (net debt) of roughly $63 million. The company carries a strong liquidity profile, with cash and short-term investments totaling about $474.7 million against total current liabilities of approximately $2.697 billion. The equity base sits at $229.0 million, supporting a conservative leverage stance. Management commentary (where available) consistently emphasizes risk management, deposit stability, and the continued focus on growth initiatives in core markets. The current dividend payout ratio stands at 19% with a dividend yield of roughly 0.37%, signaling a prudent approach to capital return in a still-evolving rate environment.
Overall, GCBC demonstrates a favorable near-term earnings trajectory, healthy cash generation, and a prudent risk posture. The key questions for investors center on the durability of loan growth, sensitivity to rate shifts, and the bank’s ability to sustain earnings momentum in a competitive regional banking landscape.