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1. Company Snapshot

1.a. Company Description

Greene County Bancorp, Inc.operates as a holding company for The Bank of Greene County that provides various financial services in the United States.Its deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.


The company's loan portfolio consists of residential, construction and land, and multifamily mortgage loans; commercial real estate mortgage loans; consumer loans, such as loans on new and used automobiles, personal loans, and home equity loans, as well as other consumer installment loans, including passbook loans, unsecured home improvement loans, recreational vehicle loans, and deposit account overdrafts; and commercial loans.As of June 30, 2021, it operated a network of 17 full-service banking offices.The company was founded in 1889 and is based in Catskill, New York.


Greene County Bancorp, Inc.is a subsidiary of Greene County Bancorp, MHC.

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1.b. Last Insights on GCBC

Greene County Bancorp, Inc.'s recent performance was negatively impacted by increased operating expenses, although offset by significant growth in net income. The company's fiscal year 2025 earnings report revealed a record-high net income of $31.1 million, but also showed rising expenses. Furthermore, despite announcing an 11.1% increase in quarterly cash dividend, the company's expansion plans into Saratoga County may require substantial investment. Additionally, no recent short-term negative news was available to assess other potential challenges.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Greene County Bancorp, Inc. Announces Cash Dividend

Oct -22

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Greene County Bancorp, Inc. Reports Net Income of $8.9 Million for the Three Months Ended September 30, 2025, and Finalized Expansion Plans into Saratoga County

Oct -21

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Greene County Bancorp, Inc. Reports Record High Net Income of $31.1 Million for the Fiscal Year Ended June 30, 2025, Announces Plans to Expand into Saratoga County

Jul -23

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Greene County Bancorp, Inc. Announces Cash Dividend Increase

Jul -16

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Greene County Bancorp, Inc. Reports Net Income of $8.1 Million for the Quarter Ended March 31, 2025 and Reaches New Milestone of $3.0 Billion in Assets

Apr -22

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Greene County Bancorp, Inc. Announces Cash Dividend

Apr -16

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Greene County Bancorp, Inc. Reports Net Income of $7.5 Million for the Three Months Ended December 31, 2024, an Increase of 31% When Comparing the Same Quarter Ended December 31, 2023

Jan -22

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Greene County Bancorp, Inc. Announces Cash Dividend

Jan -22

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.50%)

6. Segments

Banking and Related Activities

Expected Growth: 7.5%

Growing demand for digital banking, increasing adoption of online payment systems, and strategic expansion into new markets drive Greene County Bancorp's growth. Additionally, the company's focus on commercial and retail banking, trust services, and investment management contributes to its growth prospects.

7. Detailed Products

Commercial Loans

Greene County Bancorp, Inc. offers commercial loans to businesses of all sizes, providing financing for various business needs such as expansion, equipment purchases, and working capital.

Mortgage Loans

The company provides mortgage loans to individuals and families, offering a range of options for purchasing or refinancing a home.

Consumer Loans

Greene County Bancorp, Inc. offers consumer loans for personal expenses, debt consolidation, and other financial needs.

Deposit Accounts

The company provides a range of deposit accounts, including checking, savings, and certificates of deposit (CDs), offering customers a safe and secure way to manage their finances.

Online Banking

Greene County Bancorp, Inc. offers online banking services, allowing customers to manage their accounts, pay bills, and transfer funds from the convenience of their own homes.

Mobile Banking

The company provides mobile banking services, enabling customers to access their accounts, deposit checks, and transfer funds using their mobile devices.

8. Greene County Bancorp, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Greene County Bancorp, Inc. is medium due to the presence of alternative financial institutions and digital payment systems.

Bargaining Power Of Customers

The bargaining power of customers is low due to the lack of concentration of buyers and the limited ability of individual customers to influence prices.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium due to the presence of multiple suppliers and the moderate level of dependence on a few key suppliers.

Threat Of New Entrants

The threat of new entrants is high due to the relatively low barriers to entry and the attractiveness of the financial services industry.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of multiple competitors and the high level of competition in the financial services industry.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 21.42%
Debt Cost 6.00%
Equity Weight 78.58%
Equity Cost 6.00%
WACC 6.00%
Leverage 27.25%

11. Quality Control: Greene County Bancorp, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Tompkins Financial

A-Score: 6.2/10

Value: 6.1

Growth: 4.4

Quality: 6.3

Yield: 8.0

Momentum: 6.0

Volatility: 6.7

1-Year Total Return ->

Stock-Card
Citizens Financial Services

A-Score: 6.0/10

Value: 7.0

Growth: 5.1

Quality: 5.5

Yield: 7.0

Momentum: 6.5

Volatility: 4.7

1-Year Total Return ->

Stock-Card
Mid-Southern Bancorp

A-Score: 5.9/10

Value: 8.9

Growth: 1.0

Quality: 6.1

Yield: 2.0

Momentum: 8.5

Volatility: 9.0

1-Year Total Return ->

Stock-Card
Carter Bankshares

A-Score: 4.9/10

Value: 5.7

Growth: 4.3

Quality: 5.9

Yield: 0.0

Momentum: 6.0

Volatility: 7.7

1-Year Total Return ->

Stock-Card
Greene County Bancorp

A-Score: 4.6/10

Value: 5.4

Growth: 6.6

Quality: 6.8

Yield: 3.0

Momentum: 1.0

Volatility: 5.0

1-Year Total Return ->

Stock-Card
First Foundation

A-Score: 3.6/10

Value: 9.2

Growth: 1.8

Quality: 3.9

Yield: 1.0

Momentum: 2.0

Volatility: 4.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

22.94$

Current Price

22.94$

Potential

-0.00%

Expected Cash-Flows