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Greene County Bancorp (Greene County Bancorp) Retained Earnings : $203.40 Mil (As of Dec. 2023)


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What is Greene County Bancorp Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Greene County Bancorp's retained earnings for the quarter that ended in Dec. 2023 was $203.40 Mil.

Greene County Bancorp's quarterly retained earnings increased from Jun. 2023 ($193.72 Mil) to Sep. 2023 ($198.32 Mil) and increased from Sep. 2023 ($198.32 Mil) to Dec. 2023 ($203.40 Mil).

Greene County Bancorp's annual retained earnings increased from Jun. 2021 ($139.78 Mil) to Jun. 2022 ($165.13 Mil) and increased from Jun. 2022 ($165.13 Mil) to Jun. 2023 ($193.72 Mil).


Greene County Bancorp Retained Earnings Historical Data

The historical data trend for Greene County Bancorp's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Greene County Bancorp Retained Earnings Chart

Greene County Bancorp Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 101.77 118.26 139.78 165.13 193.72

Greene County Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 187.81 193.72 198.32 203.40 -

Greene County Bancorp Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Greene County Bancorp  (NAS:GCBC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Greene County Bancorp (Greene County Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
302 Main Street, Catskill, NY, USA, 12414
Greene County Bancorp Inc is a holding firm. Its primary business involves overseeing and directing the business of The Bank of Greene County and monitoring its cash position. Through its directly and indirectly owned subsidiaries, the company engages in attracting retail deposits, along with funds generated from operations and borrowings, primarily in one to four-family residential mortgage loans, commercial real estate mortgage loans, consumer loans, home equity loans, and commercial business loans. It also serves local municipalities' banking needs and operates a real estate investment trust.
Executives
Tejraj S Hada director 302 MAIN STREET, CATSKILL NY 12414
Donald E Gibson officer: President and CEO 302 MAIN STREET, CATSKILL NY 12414
Michelle M Plummer officer: SVP, COO & CFO
Stephen E Nelson officer: Vice President - Lending
Jay P. Cahalan director 302 MAIN STREET, CATSKILL NY 12414
Peter W. Hogan director 302 MAIN STREET, CATSKILL NY 12414
Perry Martin Lasher officer: EVP, Chief Lending Officer 302 MAIN STREET, CATSKILL NY 12414
Paul Slutzky director
Charles H Schaefer director
Arthur Place director 425 MAIN STREET, CATSKILL NY 12414
Dennis R Ogrady director
J Bruce Whittaker director, officer: President & CEO
Bruce P Egger officer: SVP, Corporate Secretary
David H Jenkins director
Martin C Smith director

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