Welcome to our dedicated page for Gouverneur Bancorp news (Ticker: GOVB), a resource for investors and traders seeking the latest updates and insights on Gouverneur Bancorp stock.
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, Inc. (OTC Pink: GOVB) reported its Q2 fiscal 2021 results, showing a rebound from COVID-19 disruptions. For the six months ending March 31, 2021, net income rose to $807,000, or $0.40 per diluted share, compared to a loss of $637,000 in 2020. Deposits increased by 3.86% to $94.68 million, while total assets decreased slightly to $128.83 million. The company declared a semi-annual cash dividend of $0.12 per share to shareholders. Adjusted net income saw a decrease to $83,000 from $174,000 a year ago, reflecting ongoing challenges in the financial landscape.
Gouverneur Bancorp, Inc. (OTC Pink: GOVB) announced a semi-annual dividend of $0.12 per share, payable on March 31, 2021, to stockholders of record as of March 15, 2021. This marks the Company’s 43rd consecutive semi-annual dividend, showcasing its commitment to providing competitive dividends for over twenty-one years. President Charles C. Van Vleet acknowledged the challenges posed by the ongoing pandemic and indicated that the Company is monitoring its financial performance and future dividend possibilities.
Gouverneur Bancorp, Inc. (OTCPink: GOVB) announces the retirement of President and CEO Charles C. Van Vleet Jr. effective May 28, 2021, as accepted during the annual meeting on February 8, 2021. The Board recognizes Van Vleet's significant contributions over nearly 25 years. Faye C. Waterman has been appointed as the new CEO, having served as Executive Vice President since November 2018. Van Vleet will remain on the Board of Directors post-retirement. Gouverneur Bancorp, founded in 1892, provides banking services in St. Lawrence, Lewis, and Jefferson Counties, New York.