Gouverneur Bancorp, Inc. Announces Fiscal 2026 First Quarter Results
Rhea-AI Summary
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.
Positive
- Net income increased to $287,000 (up ~79% YoY)
- Net interest income of $1.829 million for the quarter
- Non-interest income rose $101,000, including a $103,000 BOLI death benefit
Negative
- Declared dividends of $0.09 per share totaling $94,000 during the quarter
- Repurchase of common stock returned to authorized but reduced shareholders' equity impact
News Market Reaction
On the day this news was published, GOVB declined 1.98%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
GOUVERNEUR, N.Y., Jan. 27, 2026 (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 first quarter of fiscal year 2026 ended December 31, 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 increased
Shareholders’ equity was
Total interest income increased
Total interest expense increased
Net interest margin, which represents net interest income as a percentage of average interest-earning assets, was
Non-interest income increased
Non-interest expense increased
Financial and Operational Metrics (GAAP) – The following information is preliminary and based on the Company’s current data available at the time of presentation and is subject to change.
| 12/31/2025 | 9/30/2025 | |||||||
| (In Thousands) | ||||||||
| (unaudited) | ||||||||
| Statement of Condition | ||||||||
| Assets | ||||||||
| Cash and Cash Equivalents | $ | 4,709 | $ | 4,659 | ||||
| Securities Available-for-Sale | 42,797 | 40,931 | ||||||
| Loans Receivable, Net of Allowance for Credit | ||||||||
| Losses and Deferred Loan Fees | 133,133 | 131,504 | ||||||
| Premises and Equipment, Net | 2,869 | 2,904 | ||||||
| Goodwill and Intangible Assets | 5,450 | 5,531 | ||||||
| Accrued Interest Receivable and Other Assets | 12,918 | 12,999 | ||||||
| Total Assets | $ | 201,876 | $ | 198,528 | ||||
| Liabilities and Shareholders’ Equity | ||||||||
| Deposits | $ | 158,518 | $ | 154,780 | ||||
| FHLB Advances | 5,000 | 7,000 | ||||||
| Accrued Interest Payable and Other Liabilities | 5,733 | 4,640 | ||||||
| Total Liabilities | 169,251 | 166,420 | ||||||
| Common Stock | 11 | 11 | ||||||
| Additional Paid in Capital | 6,342 | 6,514 | ||||||
| Unearned Common Stock held by ESOP | (463 | ) | (501 | ) | ||||
| Retained Earnings | 29,165 | 28,972 | ||||||
| Accumulated Other Comprehensive Loss | (1,875 | ) | (2,187 | ) | ||||
| Authorized but Unissued Stock | (555 | ) | (701 | ) | ||||
| Total Shareholders’ Equity | 32,625 | 32,108 | ||||||
| Total Liabilities and Shareholders’ Equity | $ | 201,876 | $ | 198,528 | ||||
| For the Quarter Ended | ||||||||
| 12/31/2025 | 12/31/2024 | |||||||
| (In Thousands except per share data) (unaudited) | ||||||||
| Statement of Earnings | ||||||||
| Interest Income | $ | 2,240 | $ | 2,166 | ||||
| Interest Expense | 411 | 401 | ||||||
| Net Interest Income | 1,829 | 1,765 | ||||||
| Provision for Credit Loss | 13 | 15 | ||||||
| Net Interest Income After Provision for Credit Loss | 1,816 | 1,750 | ||||||
| Non-interest Income | 345 | 244 | ||||||
| Non-interest Expenses | 1,854 | 1,835 | ||||||
| Income Before Income Tax Expense (Benefit) | 307 | 159 | ||||||
| Income Tax Expense (Benefit) | 20 | (1 | ) | |||||
| Net Income | $ | 287 | $ | 160 | ||||
| Performance Ratios | ||||||||
| Basic and Diluted Earnings per Share | $ | 0.28 | $ | 0.15 | ||||
| Annualized Return on Average Assets | 0.57 | % | 0.32 | % | ||||
| Annualized Return on Average Equity | 3.51 | % | 1.97 | % | ||||
| Net Interest Margin | 4.06 | % | 3.99 | % | ||||
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 December 31, 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, 2025 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.
FAQ
What were Gouverneur Bancorp (GOVB) net income and EPS for Q1 FY2026?
Why did Gouverneur Bancorp (GOVB) non-interest income increase in Q1 FY2026?
How did Gouverneur Bancorp (GOVB) net interest margin perform in Q1 ended December 31, 2025?
What happened to Gouverneur Bancorp (GOVB) deposits and loans in Q1 FY2026?
Did Gouverneur Bancorp (GOVB) pay dividends or repurchase shares in Q1 FY2026?
