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Generations Bancorp NY (GBNY) Revenue & Revenue Breakdown

OverviewOwnershipFinancialsChart

Generations Bancorp NY Revenue Highlights

Latest Revenue (Y)

$19.25M

Latest Revenue (Q)

$4.36M

Main Segment (Y)

Debit card interchange and surcharge income

Generations Bancorp NY Revenue by Period

Generations Bancorp NY Revenue by Year

DateRevenueChange
2023-12-31$19.25M69.03%
2022-12-31$11.39M-9.70%
2021-12-31$12.61M0.93%
2020-12-31$12.49M14.71%
2019-12-31$10.89M110.47%
2008-12-31$5.17M-14.74%
2007-12-31$6.07M2.05%
2006-12-31$5.95M2.30%
2005-12-31$5.81M3.38%
2004-12-31$5.62M-

Generations Bancorp NY generated $19.25M in revenue during NA 2023, up 69.03% compared to the previous quarter, and up 371.92% compared to the same period a year ago.

Generations Bancorp NY Revenue by Quarter

DateRevenueChange
2024-06-30$4.36M-10.92%
2024-03-31$4.89M-13.95%
2023-12-31$5.68M36.53%
2023-09-30$4.16M81.12%
2023-06-30$2.30M-11.34%
2023-03-31$2.59M-1.37%
2022-12-31$2.63M-9.19%
2022-09-30$2.90M1.29%
2022-06-30$2.86M-4.89%
2022-03-31$3.00M-7.45%
2021-12-31$3.25M-0.67%
2021-09-30$3.27M4.04%
2021-06-30$3.14M6.44%
2021-03-31$2.95M-16.21%
2020-12-31$3.52M6.53%
2020-09-30$3.31M4.09%
2020-06-30$3.18M28.57%
2020-03-31$2.47M-4.59%
2019-12-31$2.59M-8.93%
2019-09-30$2.84M-5.58%
2019-06-30$3.01M-8.73%
2019-03-31$3.30M-10.11%
2018-12-31$3.67M35.66%
2018-09-30$2.71M-5.85%
2018-06-30$2.87M-5.15%
2018-03-31$3.03M1.24%
2017-12-31$2.99M5.28%
2017-09-30$2.84M0.67%
2017-06-30$2.82M2.28%
2017-03-31$2.76M200.11%
2016-12-31$920.00K-50.24%
2009-06-30$1.85M11.25%
2009-03-31$1.66M237.80%
2008-12-31$492.00K-69.25%
2008-09-30$1.60M7.17%
2008-06-30$1.49M-6.10%
2008-03-31$1.59M-7.83%
2007-12-31$1.73M12.45%
2007-09-30$1.53M44.99%
2007-06-30$1.06M-39.65%
2007-03-31$1.75M-8.27%
2006-12-31$1.91M39.08%
2006-09-30$1.37M4.97%
2006-06-30$1.31M-3.32%
2006-03-31$1.35M100.00%
2005-12-31--100.00%
2005-09-30$1.30M-0.99%
2005-06-30$1.32M100.00%
2005-03-31--

Generations Bancorp NY generated $4.36M in revenue during Q2 2024, up -10.92% compared to the previous quarter, and up 168.07% compared to the same period a year ago.

Generations Bancorp NY Revenue Breakdown

Generations Bancorp NY Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20
Loan servicing fees$139.00K$189.00K$151.00K-
Insurance commissions$156.00K$451.00K--
Service charges on deposit accounts$541.00K$628.00K$563.00K-
Debit card interchange and surcharge income$731.00K$758.00K$855.00K-
Insurance commission and fees--$722.00K-
Deposit Account---$588.00K
Credit And Debit Card---$760.00K
E Commerce---$20.00K
Insurance Commission And Fees---$755.00K
Investment Advisory Management And Administrative Service---$88.00K
Loan Servicing Fees---$124.00K

Generations Bancorp NY's latest annual revenue breakdown by segment (product or service), as of Dec 23: Debit card interchange and surcharge income (46.65%), Service charges on deposit accounts (34.52%), Insurance commissions (9.96%), and Loan servicing fees (8.87%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Debit card interchange and surcharge income$172.00K$360.00K$188.00K$183.00K$190.00K$186.00K$194.00K$188.00K$204.00K-----
Service charges on deposit accounts$111.00K$266.00K$141.00K$134.00K$158.00K$162.00K$158.00K$150.00K$148.00K-----
Loan servicing fees$34.00K$65.00K$29.00K$45.00K$48.00K$34.00K$72.00K$35.00K$52.00K-----
Insurance commissions-$3.00K$24.00K$129.00K$76.00K---------
Insurance commission and fees-----$77.00K$101.00K$197.00K$175.00K-----
Loan Servicing Fees---------$40.00K$33.00K$26.00K$-1.00K$54.00K
Credit And Debit Card---------$208.00K$232.00K$211.00K$199.00K$218.00K
Deposit Account---------$149.00K$131.00K$135.00K$145.00K$132.00K
Insurance Commission And Fees---------$172.00K$201.00K$174.00K$169.00K$180.00K
Investment Advisory Management And Administrative Service------------$2.00K$2.00K

Generations Bancorp NY's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Debit card interchange and surcharge income (54.26%), Service charges on deposit accounts (35.02%), and Loan servicing fees (10.73%).

Generations Bancorp NY Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
PNCPNC Financial Services Group$21.51B$5.46B
FCNCAFirst Citizens BancShares$10.39B$3.77B
RFRegions Financial$6.90B$2.35B
WBSWebster Financial$3.94B$1.06B
AROWArrow Financial$191.68M$57.58M
FNWDFinward Bancorp$96.53M$24.70M
FRAFFranklin Financial Services$91.60M$29.08M
CWBCCommunity West Bancshares$61.39M$27.26M
SFBCSound Financial Bancorp$55.60M$1.24M
AFBIAffinity Bancshares$45.17M$12.87M
HMNFHMN Financial$43.48M$14.79M
GBNYGenerations Bancorp NY$19.25M$4.36M

GBNY Revenue FAQ

What is Generations Bancorp NY’s yearly revenue?

Generations Bancorp NY's yearly revenue for 2023 was $19.25M, representing an increase of 69.03% compared to 2022. The company's yearly revenue for 2022 was $11.39M, representing a decrease of -9.70% compared to 2021. GBNY's yearly revenue for 2021 was $12.61M, representing an increase of 0.93% compared to 2020.

What is Generations Bancorp NY’s quarterly revenue?

Generations Bancorp NY's quarterly revenue for Q2 2024 was $4.36M, a -10.92% decrease from the previous quarter (Q1 2024), and a 89.56% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $4.89M, a -13.95% decrease from the previous quarter (Q4 2023), and a 88.66% increase year-over-year (Q1 2023). GBNY's quarterly revenue for Q4 2023 was $5.68M, a 36.53% increase from the previous quarter (Q3 2023), and a 116.24% increase year-over-year (Q4 2022).

What is Generations Bancorp NY’s revenue growth rate?

Generations Bancorp NY's revenue growth rate for the last 3 years (2021-2023) was 52.63%, and for the last 5 years (2019-2023) was 76.71%.

What are Generations Bancorp NY’s revenue streams?

Generations Bancorp NY's revenue streams in c 23 are Loan servicing fees, Insurance commissions, Service charges on deposit accounts, and Debit card interchange and surcharge income. Loan servicing fees generated $139K in revenue, accounting 8.87% of the company's total revenue, down -26.46% year-over-year. Insurance commissions generated $156K in revenue, accounting 9.96% of the company's total revenue, down -65.41% year-over-year. Service charges on deposit accounts generated $541K in revenue, accounting 34.52% of the company's total revenue, down -13.85% year-over-year. Debit card interchange and surcharge income generated $731K in revenue, accounting 46.65% of the company's total revenue, down -3.56% year-over-year.

What is Generations Bancorp NY’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Generations Bancorp NY was Debit card interchange and surcharge income. This segment made a revenue of $731K, representing 46.65% of the company's total revenue.