Greene County Bancorp redeems debt and pays USD 0.11 per Greene County Bancorp stock

Published on 10/05/2026 at 07:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 net income reached USD 41.0 million, up 31.7 percent year over year. Greene County Bancorp stock offers a 1.28 percent yield.

GCBC, US3943571071, Illustration mit AI erstellt.

Greene County Bancorp (ISIN US3943571071) redeemed USD 10.0 million of subordinated notes on September 15, 2026, while its stock remained linked to a USD 0.11 quarterly dividend. Stock Titan reported that the company funded the repayment with cash on hand, leaving USD 20.0 million of the notes outstanding.

Cash repayment reduces subordinated debt

The notes carry a 3.00 percent fixed-to-floating rate and mature on September 15, 2031. The redemption price was 100.00 percent of principal plus accrued interest, making the transaction a balance-sheet action rather than a new equity or debt financing.

For a community bank, the cash-funded repayment puts capital allocation beside earnings growth. Greene County Bancorp entered fiscal 2026 with USD 155.1 million of borrowings at June 30, 2026, including USD 29.9 million of subordinated notes, according to the filing.

Fiscal 2026 earnings set a higher base

Last10K.com published the company release dated July 23, 2026, which showed GAAP net income of USD 41.0 million for fiscal 2026, compared with USD 31.1 million in fiscal 2025. The 31.7 percent increase came with diluted earnings per share of USD 2.41, up from USD 1.83.

The operating detail was also constructive. Net interest margin expanded to 2.65 percent in fiscal 2026 from 2.19 percent in fiscal 2025, while total assets reached USD 3.2 billion on June 30, 2026, up 4.7 percent from USD 3.0 billion a year earlier. Net loans rose 7.7 percent to USD 1.7 billion, and deposits increased 2.8 percent to USD 2.7 billion.

Dividend policy stays visible

MarketBeat reported on September 14, 2026, that the quarterly dividend stood at USD 0.11, up 10.00 percent from USD 0.10, with an annualized payout of USD 0.44 and a 1.20 percent yield. That payout is a smaller cash commitment than the redeemed notes and keeps shareholder distributions part of the capital-allocation picture.

The same report cited a USD 36.27 52-week high and a Buy consensus based on one analyst rating. The comparison matters because the stock's valuation reflects both the record profit base and the risks of a regional bank, including credit quality, deposit costs and interest-rate changes.

Nasdaq snapshot at USD 34.26

GCBC was last at USD 34.26 on Nasdaq on October 2, 2026 at 4:00 p.m. ET. Its market capitalization was USD 583.3 million, and the 52-week range was USD 21.25 to USD 36.33.