CATSKILL, N.Y., April  15, 2026  (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (the &#34;Company&#34;) (NASDAQ-GCBC), the holding company for Bank of Greene County and its subsidiary Greene County Commercial Bank, today

GCBC

Greene County Bancorp, Inc. Adopts Stock Repurchase Program

Greene County Bancorp Initiates 400,000 Share Buyback Program

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>CATSKILL, N.Y., April  15, 2026  (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (the &amp;#34;Company&amp;#34;) (NASDAQ-GCBC), the holding company for Bank of Greene County and its subsidiary Greene County Commercial Bank, today</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Greene County Bancorp (GCBC) has announced a stock repurchase program allowing it to buy back up to 400,000 shares, or 5% of its outstanding stock. This strategic move, set to begin after Q1 earnings, aims to enhance shareholder value and may indicate confidence in the company&#039;s financial health.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Greene County Bancorp announces a stock repurchase program for up to 400,000 shares.</li><li>The shares represent about 5.0% of outstanding common stock.</li><li>Repurchases will start after the Q1 2026 earnings release.</li><li>Management will decide on timing and amount of repurchases.</li><li>The program may change based on market conditions and other factors.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Greene County Bancorp, Inc. (GCBC)</strong>: Announced a stock repurchase program to enhance shareholder value.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it involves a strategic stock buyback intended to enhance investors&#039; interests and reflect the company&#039;s confidence in its financial position.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Stock repurchase program may boost GCBC share price in the short term.</li><li>Positive investor sentiment expected leading up to Q1 earnings release.</li><li>Share buyback indicates company confidence, attracting potential new investors.</li><li>Market reactions could be influenced by broader economic conditions.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>The repurchase program allows buying back 400,000 shares.</li><li>This amount represents approximately 5.0% of GCBC&#039;s outstanding shares.</li><li>Repurchases will commence post the March 31, 2026 earnings release.</li><li>Open market or private transactions can be employed for buybacks.</li><li>The plan may be terminated or modified based on various factors.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>GCBC may experience price appreciation due to the share buyback program over the next quarter.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">CATSKILL, N.Y., April  15, 2026  (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (the "Company") (NASDAQ-GCBC), the holding company for Bank of Greene County and its subsidiary Greene County Commercial Bank, today announced that its Board of Directors has adopted a stock repurchase program. Under the repurchase program, the Company may repurchase up to 400,000 shares of its common stock. This amount represents approximately 5.0% of the Company's 7,808,300 shares of outstanding common stock held by shareholders other than Greene County Bancorp, MHC, the Company's majority mutual holding company parent.</p>  <p align="justify">The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.</p>  <p align="justify">Repurchases are expected to commence after the Company publicly releases its results of operations for the quarter ended March 31, 2026. Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.</p>  <p align="justify">The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares.</p>  <p align="justify"><strong><u>About Greene County Bancorp, Inc.</u></strong></p>  <p align="justify">Greene County Bancorp, Inc. is the holding company for the Bank of Greene County, and its subsidiary Greene County Commercial Bank. The Company is the leading provider of community-based banking services throughout the Hudson Valley and Capital Region of New York State. Its customers include individuals, businesses, municipalities and other institutions. Greene County Bancorp, Inc. (GCBC) is publicly traded on the Nasdaq Capital Market and is dedicated to promoting economic development and a high quality of life in the communities it serves. For more information on Greene County Bancorp, Inc., visit <u><a href="https://www.globenewswire.com/Tracker?data=wuazdxLUHxosxGAv3FekEeM-rWhRWf9kdEodC1XQXPV93g4__bGuiNucMYkRuTGdmyR4z5t2A-Q1QdieTEusww==" rel="nofollow" target="_blank">www.tbogc.com</a></u>.</p>  <p align="justify"><strong><u>Forward-Looking Statements</u></strong></p>  <p align="justify">In addition to historical information, this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which describes the future plans, strategies and expectations of the Company. Forward-looking statements can be identified by the use of words such as "estimate," "project," "believe," "intend," "anticipate," "assume," "plan," "seek," "expect," "will," "may," "should," "indicate," "would," "contemplate," "continue," "target" and words of similar meaning. Forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Accordingly, you should not place undue reliance on such statements. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this report. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, changes in general economic conditions, interest rates and inflation; changes in asset quality; our ability to access cost-effective funding; fluctuations in real estate values; changes in laws or regulations; the effects of any federal government shutdown; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; changes in technology; failures or breaches of our IT security systems; our ability to introduce new products and services and capitalize on growth opportunities; changes in accounting policies and practices; our ability to retain key employees; and the effects of natural disasters and geopolitical events, including terrorism, conflict and acts of war.</p>  <p align="justify"><strong>For Further Information Contact:</strong><br></br>Donald E. Gibson<br></br>President and CEO<br></br>(518) 943-2600<br></br><a href="https://www.globenewswire.com/Tracker?data=xX-nZA6YrLM8d8tcP6a69BHMIhdjaj1m6KZZUNyWC0o0P6Ih79G9YLSTE2uELsA82xPRywPksdGz_Gkxm3aIi4R1GntjWp0JyjqbLI8DV5g=" rel="nofollow" target="_blank">donaldg@tbogc.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY5MDQxMSM3NTM3MTg3IzIwMjQ5OTg="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MjY1YzAxOGUtNDAzMS00ZDJlLWJkYzAtNTljYmVlNDYyZGU3LTEwMzY1NzAtMjAyNi0wNC0xNS1lbg==/tiny/Greene-County-Bancorp-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/46facc1c-250d-4971-adbb-843915c408a2"><img src="https://ml.globenewswire.com/media/46facc1c-250d-4971-adbb-843915c408a2/small/greene-county-bancorp-inc-color-jpg.jpg" border="0" width="150" height="66" alt="Primary Logo"></img></a></p>

Greene County Bancorp (GCBC) has announced a stock repurchase program allowing it to buy back up to 400,000 shares, or 5% of its outstanding stock. This strategic move, set to begin after Q1 earnings, aims to enhance shareholder value and may indicate confidence in the company's financial health.

Greene County Bancorp, Inc. Adopts Stock Repurchase Program

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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