Greene County Bancorp Q3 profit rises on loan growth
Overview
US community bank's preliminary fiscal Q3 net income rose
EPS for fiscal Q3 increased yr/yr to $0.62
Company adopted a stock repurchase program for up to 400,000 shares
Outlook
Company says recent global conflicts and tariff shifts complicate the economic outlook
Company remains focused on building shareholder value amid market volatility
Result Drivers
HIGHER NET INTEREST INCOME - Co said increased average balances of interest-earning assets and higher yields on loans and securities drove net interest income growth
LOAN GROWTH - Co attributed increased net income to growth in commercial real estate, commercial, and home equity loans
LOWER DEPOSIT COSTS - Co said strategic reduction in deposit rates reduced funding costs and improved net interest margin
Company press release: ID:nGNX6C2bS8
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| $0.62 |
|
Q3 Net Income |
| $10.52 mln |
|
Q3 Net Interest Income |
| $20.19 mln |
|
Q3 Loan Loss Provision |
| $451,000 |
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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