Gouverneur Bancorp, Inc. Announces Fiscal 2025 Fourth Quarter and Fiscal Year Results
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.
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Rhea-AI Summary
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.
Positive
- Fiscal 2025 net income +36.0% to $733,000
- Fiscal 2025 EPS increased +41.2% to $0.72
- Non-interest income +36.7% to $1.055M for fiscal 2025
- Net interest margin of 4.08% for fiscal 2025 (up from 4.03%)
- Net loans increased to $131.5M (5.83% YoY)
Negative
- None.
Details
News Market Reaction – GOVB
On Nov 4, the first trading day after this news, GOVB closed 7.45% above the previous close.
Data tracked by StockTitan Argus for the Nov 4 session.
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GOUVERNEUR, N.Y., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Gouverneur Bancorp, Inc. (OTCQB: GOVB) (the “Company”), the holding company for Gouverneur Savings and Loan Association (the “Bank”), today announced the Company’s results for the fourth quarter and full fiscal year ended September 30, 2025.
The Company reported net income of
Summary of Financial Results
Our results of operations depend primarily on our net interest income. Net interest income is the difference between the interest income we earn on our interest-earning assets, consisting primarily of loans and securities, and the interest we pay on our interest-bearing liabilities, consisting primarily of savings and club accounts, NOW and money market accounts and time certificates. Our results of operations also are affected by our provisions for credit losses, non-interest income and non-interest expense. Non-interest income currently consists primarily of service charges, earnings on bank owned life insurance and loan servicing fees. Non-interest expense currently consists primarily of salaries and employee benefits, directors’ fees, occupancy and data processing expense and professional fees. Our results of operations also may be affected significantly by other factors including, but not limited to, general and local economic and competitive conditions, changes in market interest rates, governmental policies and actions of regulatory authorities.
Total assets increased by
Deposits decreased
Shareholders’ equity was
Total interest income increased
Total interest expense decreased
Net interest margin, which represents net interest income as a percentage of average interest-earning assets, was
Non-interest income increased
Non-interest expense decreased
Financial and Operational Metrics (GAAP) – The following information is preliminary and based on the Company’s data available at the time of presentation.
| 09/30/2025 | 09/30/2024 | ||||||
| (In Thousands) | |||||||
| (unaudited) | |||||||
| Statement of Condition | |||||||
| Assets | |||||||
| Cash and Cash Equivalents | $ | 4,659 | $ | 6,370 | |||
| Securities Available-for-Sale | 40,931 | 45,348 | |||||
| Loans Receivable, Net of Allowance for Credit | |||||||
| Losses and Deferred Loan Fees | 131,504 | 124,257 | |||||
| Premises and Equipment, Net | 2,904 | 2,924 | |||||
| Goodwill and Intangible Assets | 5,531 | 5,901 | |||||
| Accrued Interest Receivable and Other Assets | 12,999 | 12,460 | |||||
| Total Assets | $ | 198,528 | $ | 197,260 | |||
| Liabilities and Shareholders’ Equity | |||||||
| Deposits | $ | 154,780 | $ | 159,902 | |||
| FHLB Advances | 7,000 | - | |||||
| Accrued Interest Payable and Other Liabilities | 4,640 | 4,593 | |||||
| Total Liabilities | 166,420 | 164,495 | |||||
| Common Stock | 11 | 11 | |||||
| Additional Paid in Capital | 6,514 | 6,487 | |||||
| Unearned Common Stock held by ESOP | (501) | (540) | |||||
| Retained Earnings | 28,972 | 28,413 | |||||
| Accumulated Other Comprehensive Loss | (2,187) | (1,606) | |||||
| Authorized but Unissued Stock | (701) | - | |||||
| Total Shareholders’ Equity | 32,108 | 32,765 | |||||
| Total Liabilities and Shareholders’ Equity | $ | 198,528 | $ | 197,260 | |||
| For the Quarter Ended | For the Fiscal Year Ended | ||||||||||||||
| 09/30/2025 | 09/30/2024 | 09/30/2025 | 09/30/2024 | ||||||||||||
| (In Thousands except per share data) | |||||||||||||||
| (unaudited) | (unaudited) | ||||||||||||||
| Statement of Earnings | |||||||||||||||
| Interest Income | $ | 2,193 | $ | 2,148 | $ | 8,666 | $ | 8,565 | |||||||
| Interest Expense | 367 | 370 | 1,518 | 1,418 | |||||||||||
| Net Interest Income | 1,826 | 1,778 | 7,148 | 7,147 | |||||||||||
| Provision for Credit Loss | 32 | - | 59 | 70 | |||||||||||
| Net Interest Income After Provision for Credit Loss | 1,794 | 1,778 | 7,089 | 7,077 | |||||||||||
| Non-interest Income | 347 | 245 | 1,055 | 772 | |||||||||||
| Non-interest Expenses | 1,877 | 1,910 | 7,351 | 7,373 | |||||||||||
| Income Before Income Tax Expense (Benefit) | 264 | 113 | 793 | 476 | |||||||||||
| Income Tax Expense (Benefit) | 26 | (23) | 60 | (63) | |||||||||||
| Net Income | $ | 238 | $ | 136 | $ | 733 | $ | 539 | |||||||
| Performance Ratios | |||||||||||||||
| Basic and Diluted Earnings per Share | $ | 0.24 | $ | 0.13 | $ | 0.72 | $ | 0.51 | |||||||
| Annualized Return on Average Assets | |||||||||||||||
| Annualized Return on Average Equity | |||||||||||||||
| Net Interest Spread | |||||||||||||||
| Net Interest Margin | |||||||||||||||
About Gouverneur Bancorp, Inc.
Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association, which is a New York chartered savings and loan association founded in 1892 that offers deposit and loan services for businesses, families and individuals. At September 30, 2025, Gouverneur Bancorp, Inc. had total assets of
Forward-Looking Statements
This press release may contain forward-looking statements, which can be identified by the use of words such as “believes,” “expects,” “anticipates,” “estimates” or similar expressions. Such forward-looking statements and all other statements that are not historic facts are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. These factors include, among others, the following: changes in interest rates; national and regional economic conditions; legislative and regulatory changes; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the impact of changing political conditions or federal government shutdowns; the size, quality and composition of the loan or investment portfolios; demand for loan products; deposit flows and our ability to effectively manage liquidity; competition; demand for financial services in our market area; changes in real estate market values in our market area; changes in relevant accounting principles and guidelines; our ability to attract and retain key employees; our ability to maintain the security of our data processing and information technology systems; and that the Company may not be successful in the implementation of its business strategy. Additionally, other risks and uncertainties are described in the Company’s Annual Report on Form 10-K for the year ended September 30, 2024 and other reports the Company files with the SEC, which are available through the SEC’s EDGAR website located at www.sec.gov. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Should one or more of these risks materialize, actual results may vary from those anticipated, estimated or projected.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as may be required by applicable law or regulation, the Company and the Bank assume no obligation to update any forward-looking statements.
For more information, contact Stephen Jefferies, President and Chief Executive Officer at (315) 287-2600.
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