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MARKETS / GBNY
SAVINGS INSTITUTION, FEDERALLY CHARTERED

Generations Bancorp NY, Inc. GBNY

5 fiscal years on record · USD · FY2023 reported · SEC filings only
$1.9M
▼ 7.3% YoY
$-1.6M
▼ 244.2% YoY
$1.7M
▼ 57.1% YoY
In brief

What this company does

Generations Bank is a federal savings bank headquartered in Seneca Falls, New York. Our business consists primarily of taking deposits from the general public and, through our commercial bank subsidiary, Generations Commercial Bank, from New York State and County municipalities and agencies, and investing those deposits, together with borrowings and funds generated from operations, in the origination and purchase of one- to four-family residential real estate loans, including home equity loans and lines of credit. We also purchase and originate a substantial amount of consumer loans, including automobile loans, recreational vehicle loans and manufactured home loans. To a lesser extent, we originate commercial real estate and multi-family loans, commercial business loans, and residential and commercial construction loans. We also invest in securities, which currently consist primarily of corporate bonds and municipal bonds issued by states, local municipalities and schools in the Northeastern United States, and to a far lesser extent mortgage-backed securities issued by U.S. government sponsored entities, and Federal Home Loan Bank stock. We offer a variety of deposit accounts, including demand accounts, NOW accounts, money market accounts, savings accounts, and certificates of deposit accounts. In 2018, we formed Generations Commercial Bank, a New York State-chartered limited purpose commercial bank, as a subsidiary of Generations Bank.

Written from the business description in Generations Bancorp NY, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 1 April 2024. Every sentence was checked against that document before publication.

Growth
USD 1.9M
Revenue, FY2023 · full 5-year series below
Revenue $M Net income $M
FY2023 · Revenue 1.9 · Net income -1.6
1.0M2.0M-0.8M20192020202120222023
Compound annual growth
−6.7%
+197.0%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−83 cents
lost on every revenue dollar
Operating margin Net margin
FY2023 · Operating -106.0% · Net -83.4%
20%40%60%-50%-100%20192020202120222023
ROE
FY2023 · ROE -4.2%
2%4%6%-2%-4%20192020202120222023

Each USD of equity lost 4 cents this year.

Cash & shareholders
USD 1.1M
returned in FY2023 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF 1.7
2M20192020202120222023
Net buybacks $M Dividends $M
FY2023 · Dividends — · Net buybacks 1.1
0.8M1.6M2019202020222023

USD 1.1M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 424.5M
EquityUSD 37.7M
CashUSD 14.5M
DepositsUSD 357.6M

Equity funds 9% of total assets.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20232022202120202019
Revenue $B0.00.00.00.00.0
Operating income $B−0.00.00.00.0·
EBITDA $B−0.00.00.00.0·
Income tax $B−0.00.00.0−0.0−0.0
Net income $B−0.00.00.00.00.0
Free cash flow $B0.00.00.00.00.0
EPS, diluted $−0.720.470.600.71·
Dividend / sh $·····
Payout %·····
ROE %−4.22.73.96.00.3
Shares out B0.000.000.000.000.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 15 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 42 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySavings Institution, Federally Chartered
Listed onnot stated in the filings
Incorporated innot stated in the filings
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2019

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