Earnings ·
Reports Q4 net loss of $3.1M ($2.97/share), driven by balance sheet restructuring losses
GOVBGouverneur Bancorp, Inc.
Gouverneur Bancorp reported a fourth-quarter net loss of $3.1 million, or $2.97 per share, compared to net income of $238,000 in the prior-year period. The full fiscal year ended September 30, 2026, resulted in a net loss of $2.3 million, or $2.25 per share, versus $733,000 previously. Reported results were heavily impacted by approximately $4.0 million in pretax losses from the sale of investment securities and loan participations as part of a strategic balance sheet restructuring. Adjusted net income for the quarter was $241,000, or $0.23 per share, while full-year adjusted net income was $984,000, or $0.95 per share. The company also noted strong loan origination volume and a decrease in total assets to $191.7 million. Gouverneur Bancorp is the holding company for a New York savings and loan association offering deposit and loan services.