Greene County Bancorp (GCBC) Q4 FY2022 earnings: revenue $18 million, up 6.8% on the year
Greene County Bancorp Inc. (GCBC) reported revenue of $18 million for Q4 FY2022, the quarter ended 30 June 2022, up 6.8% on the same quarter a year earlier. Net income was $7 million, down 10.6% on the year, and diluted earnings per share $0.40. The figures are the company's own, from the 10-K it filed with the SEC on 9 September 2022.
Revenue$18 millionup 6.8%
Net income$7 milliondown 10.6%
Diluted EPS$0.40
QuarterQ4 FY2022ended 30 June 2022
The quarter, against the one before and a year earlier
| Line | Q4 FY2022 | Q3 FY2022 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue | 18.1 | 17.0 | n/a | n/a |
| Interest expense | 1.6 | 1.2 | n/a | n/a |
| Pre-tax income | 7.9 | 8.5 | n/a | n/a |
| Income tax | 1.1 | 1.3 | n/a | n/a |
| Effective tax rate | 14.2% | 15.6% | n/a | |
| Net income | 6.8 | 7.2 | n/a | n/a |
| Net margin | 37.5% | 42.3% | n/a | |
| Diluted EPS | $0.40 | $0.42 | n/a | n/a |
$ million except per share.
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Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.Cash flow and capital returned
| Line | Q4 FY2022 | Q3 FY2022 | A year earlier | Change on the year |
|---|---|---|---|---|
| Operating cash flow | 14.2 | 7.8 | n/a | n/a |
| Capital expenditure | 0.3 | 0.5 | n/a | n/a |
| Free cash flow | 13.9 | 7.3 | n/a | n/a |
| Cash from investing | -139 | -98.7 | n/a | n/a |
| Cash from financing | 43.3 | 178 | n/a | n/a |
| Dividends paid | 1.1 | 0.5 | n/a | n/a |
| Dividend per share | n/a | $0.07 | n/a | n/a |
| Diluted shares, weighted | 17m | 17m | n/a | n/a |
| Shares outstanding at period end | 17m | 17m | n/a | n/a |
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet at quarter end
| Line | Q4 FY2022 | Q3 FY2022 | A year earlier | Change on the year |
|---|---|---|---|---|
| Shareholders' equity | 158 | 157 | n/a | n/a |
| Deposits | 2,213 | 2,292 | n/a | n/a |
| Debt | 173 | 49.3 | n/a | n/a |
| Other liabilities | 28.4 | 23.6 | n/a | n/a |
| Total liabilities and equity | 2,572 | 2,522 | n/a | n/a |
| Fixed assets | 14.4 | 14.3 | n/a | n/a |
| Securities held for sale or to maturity | 1,170 | 1,141 | n/a | n/a |
| Cash and equivalents | 69.0 | 151 | n/a | n/a |
| Other assets | 1,318 | 1,216 | n/a | n/a |
| Total assets | 2,572 | 2,522 | n/a | n/a |
Questions
What was Greene County Bancorp's revenue in Q4 FY2022?
Greene County Bancorp (GCBC) reported revenue of $18 million for Q4 FY2022, the quarter ended 30 June 2022, up 6.8% on the same quarter a year earlier.
How much did Greene County Bancorp earn in Q4 FY2022?
Net income for Q4 FY2022 was $7 million, down 10.6% on the year, and diluted earnings per share $0.40.
When did Greene County Bancorp report Q4 FY2022 results?
Greene County Bancorp filed its 10-K for the year that ended with the quarter on 9 September 2022; the fourth quarter is the year less the first three.
Quarterly results, the last 20 quarters
| Q1 FY2022 | Q2 FY2022 | Q3 FY2022 | Q4 FY2022 * | Q1 FY2023 | Q2 FY2023 | Q3 FY2023 | Q4 FY2023 * | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 * | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 * | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 * | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.3 | 17.7 | 17.0 | 18.1 | 18.9 | 18.8 | 18.3 | 17.3 | 16.7 | 15.9 | 15.7 | 16.6 | 16.9 | 17.9 | 20.1 | 20.5 | 21.5 | 22.2 | 23.9 | 25.0 |
| Interest expense | 1.2 | 1.4 | 1.2 | 1.6 | 2.8 | 4.6 | 6.7 | 9.3 | 11.2 | 13.2 | 13.8 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Pre-tax income | 8.4 | 8.1 | 8.5 | 7.9 | 10.6 | 8.6 | 9.4 | 7.2 | 7.4 | 6.4 | 6.2 | 6.8 | 6.7 | 8.1 | 8.9 | 11.0 | 10.2 | 11.6 | 12.2 | 12.9 |
| Tax rate | 15% | 15% | 16% | 14% | 15% | 17% | 14% | 10% | 13% | 10% | 5% | 1% | 6% | 7% | 10% | 15% | 13% | 11% | 13% | 12% |
| Net income | 7.1 | 6.9 | 7.2 | 6.8 | 9.0 | 7.2 | 8.1 | 6.5 | 6.5 | 5.7 | 5.9 | 6.7 | 6.3 | 7.5 | 8.1 | 9.3 | 8.9 | 10.3 | 10.5 | 11.3 |
| Net margin | 41% | 39% | 42% | 38% | 48% | 38% | 44% | 37% | 39% | 36% | 37% | 41% | 37% | 42% | 40% | 46% | 41% | 46% | 44% | 45% |
| Diluted EPS | $0.42 | $0.41 | $0.42 | $0.40 | $0.53 | $0.42 | $0.48 | $0.38 | $0.38 | $0.34 | $0.34 | $0.39 | $0.37 | $0.44 | $0.47 | $0.55 | $0.52 | $0.60 | $0.62 | $0.67 |
| Operating cash flow | 6.9 | 6.5 | 7.8 | 14.2 | 4.4 | 5.6 | 7.7 | 10.4 | 6.3 | 2.0 | 5.6 | 11.1 | 2.1 | 5.3 | 7.3 | 13.2 | 7.0 | 6.4 | 10.7 | 18.2 |
| Capital expenditure | 0.2 | 0.0 | 0.5 | 0.3 | 0.2 | 0.4 | 0.3 | 0.7 | 0.5 | 0.2 | 0.7 | 0.2 | 0.2 | 0.2 | 0.1 | 0.3 | 0.4 | 0.2 | 0.0 | 0.1 |
| Free cash flow | 6.7 | 6.4 | 7.3 | 13.9 | 4.2 | 5.3 | 7.4 | 9.7 | 5.8 | 1.8 | 4.9 | 10.9 | 2.0 | 5.1 | 7.3 | 12.9 | 6.5 | 6.2 | 10.7 | 18.1 |
| Dividends paid | 0.5 | 0.5 | 0.5 | 1.1 | 0.5 | 0.6 | 0.5 | 0.5 | 1.4 | 0.6 | 0.6 | 0.6 | 1.5 | 1.5 | 0.7 | 0.7 | 0.8 | 0.8 | 1.7 | 0.8 |
| Shares outstanding | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m |
| Filing | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K |
Each quarter as filed, linked to its filing.
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* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.10-K for the period ended 30 June 2022, filed 9 September 2022: the filing.