Greene County Bancorp Reports Significant Increase in Net Income for the First Quarter of 2023

Greene County Bancorp, Inc. (GCBC), a leading financial institution, h as released its consolidated financial statements for the first quarter ended March 31, 2023. The unaudited financial report shows a remarkable performance, with a substantial increase in net income and strong revenue generation.

Net Income/loss

During the first quarter of 2023, Greene County Bancorp achieved a net income of $8.1 million, marking a notable surge from the $7.2 million reported during the same period last year. The impressive 12% year-on-year growth in net income demonstrates the company's strong financial position and effective business strategies.

Revenue