Gouverneur Bancorp, Inc. (GOVB) reports as the holding company for Gouverneur Savings and Loan Association, a banking institution whose results are driven primarily by net interest income from loans and securities funded by deposits and other interest-bearing liabilities.
Recurring company updates cover quarterly and annual earnings, net interest margin, credit-loss provisions, deposit and loan trends, securities portfolio changes, semi-annual cash dividends, stock repurchase authorizations, governance changes and the Bank’s completed conversion from a mutual holding company form to a stock holding company form.
Gouverneur Bancorp (GOVB) reported a $3.1 million fourth-quarter net loss following balance sheet restructuring that included securities and loan participation sales. The loss was $2.97 per share, versus earnings of $0.24 a year earlier. Fiscal 2026 net loss was $2.3 million, or $2.25 per share, versus earnings of $733,000, or $0.72 per share.
The company sold approximately $24.0 million of securities and a 95% loan participation representing approximately $18.7 million in principal, recording approximately $2.0 million of pretax losses on each transaction. Proceeds repaid higher-cost borrowings and funded reinvestments. FHLBNY advances fell to zero from $7.0 million a year earlier. Quarterly net interest margin rose to 4.66% from 4.12%. Adjusted net income, excluding specified items, was $241,000 for the quarter and $984,000 for the year. The company expects restructuring benefits progressively over future reporting periods.
Gouverneur Bancorp (GOVB) declared a semi-annual cash dividend of $0.10 per common share, payable on or about November 16, 2026. The dividend increases from $0.09 per common share paid in May 2026. Shareholders of record at the close of business on November 2, 2026, will receive the payment. This is the fifth consecutive semi-annual cash dividend since the Bank’s conversion to a stock holding company structure.
Gouverneur Bancorp (OTCQB:GOVB) reported fiscal 2026 third‑quarter net income of $239,000 ($0.23/share), up from $217,000 ($0.22/share) a year earlier. Nine‑month net income rose to $743,000 ($0.72/share) from $495,000 ($0.48/share), as net interest income and net interest margin both improved.
Total assets were $198.7 million and deposits $155.7 million at June 30, 2026, with shareholders’ equity at $32.7 million, or book value of $30.93 per share. Subsequent to quarter‑end, the Company initiated a strategic balance sheet optimization, selling $23.8 million of securities at an estimated $2.0 million pre‑tax loss, reinvesting $11.6 million into higher‑yielding, shorter‑duration securities, repaying Federal Home Loan Bank advances, and planning the sale of about $20.0 million of lower‑yielding loans, also with an estimated $2.0 million pre‑tax loss.
Gouverneur Bancorp (OTCQB: GOVB) reported fiscal 2026 second quarter net income of $217,000 ($0.21 per share) versus $118,000 ($0.11) a year earlier, and six‑month net income of $504,000 ($0.49) versus $278,000 ($0.27). Total assets were $198.3M, deposits $160.0M, and book value was $30.86 per share at March 31, 2026. Net interest margin widened to 4.22% for the quarter. The company declared cumulative dividends of $0.09 per share totaling $94,000 during the six months.
Gouverneur Bancorp (OTCQB: GOVB) declared a semi-annual cash dividend of $0.09 per common share, payable on or about May 18, 2026 to shareholders of record at the close of business on May 4, 2026.
This is the fourth consecutive semi-annual cash dividend since the bank converted from a mutual holding company to a stock holding company. As of Dec 31, 2025, the company reported $201.9M total assets, $158.5M total deposits and $32.6M total stockholders' equity.
Gouverneur Bancorp (OTCQB: GOVB) reported fiscal 2026 Q1 results for the quarter ended December 31, 2025, with net income of $287,000 ($0.28 per share) versus $160,000 ($0.15) a year earlier.
Total assets were $201.9 million, deposits $158.5 million, net loans $133.1 million and shareholders' equity $32.6 million. Non-interest income rose on a $103,000 bank-owned life insurance death benefit.
Gouverneur Bancorp (OTCQB: GOVB) reported fiscal 2025 fourth-quarter net income of $238,000 ($0.24 per share) versus $136,000 ($0.13) a year earlier, and fiscal 2025 net income of $733,000 ($0.72 per share) versus $539,000 ($0.51) in fiscal 2024. Total assets were $198.5M, up $1.2M year-over-year. Net loans rose to $131.5M and securities available-for-sale declined to $40.9M. Deposits were $154.8M. Net interest margin improved modestly to 4.08% for the year. Non-interest income increased to $1.055M, and the Company recorded a $59,000 provision for credit loss for the year. Shareholders’ equity was $32.1M and book value per share was $30.55.
Gouverneur Bancorp (OTCQB: GOVB) announced a semi-annual cash dividend of $0.09 per common share, up from $0.08 paid in May 2025. The dividend will be paid on or about November 17, 2025 to shareholders of record at the close of business on November 3, 2025. This is the third consecutive semi-annual cash dividend since the bank completed its conversion to a stock holding company.
At June 30, 2025, the company reported $196.7 million in total assets, $159.4 million in total deposits, and $31.4 million in total stockholders' equity.
Gouverneur Bancorp (OTCQB: GOVB) has appointed Stephen M. Jefferies as its new President and Chief Executive Officer, effective September 2, 2025. Jefferies brings nearly 40 years of banking industry experience, most recently serving as President and CEO of Community Bank & Trust in Georgia.
The appointment coincides with the retirement of Charles C. Van Vleet, Jr. as Interim President and CEO. Van Vleet will remain with the company through December 31, 2025, to ensure a smooth transition. As of June 30, 2025, Gouverneur Bancorp reported total assets of $196.7 million, deposits of $159.4 million, and stockholders' equity of $31.4 million.
Gouverneur Bancorp (OTCQB: GOVB) has announced a new stock repurchase program authorizing the buyback of up to 52,778 shares, representing 5% of its outstanding common stock. The program will run through July 24, 2026 unless completed earlier.
This follows the company's first repurchase program from December 2024, under which 51,569 shares were bought back at $12.29 per share, totaling $634,000. The previous program has 3,787 shares remaining for repurchase.
As of June 30, 2025, Gouverneur Bancorp reported total assets of $196.7 million, deposits of $159.4 million, and stockholders' equity of $31.4 million.