Gouverneur Bancorp, Inc. Announces Fiscal 2026 Fourth Quarter and Fiscal Year Results
Gouverneur Bancorp posted a Q4 net loss of $3.1 million ($2.97 per share) and a fiscal 2026 net loss of $2.3 million, versus profits a year earlier. The losses stem from a deliberate balance sheet restructuring: ~$4.0 million in pretax losses on sales of $24.0 million of securities and a 95% participation interest in ~$20.0 million of lower-yielding loans, with proceeds used to repay $7.0 million of FHLB advances and reinvest in higher-yielding assets. Excluding one-time items, adjusted net income rose to $241,000 ($0.23/share) in Q4 and $984,000 ($0.95/share) for the year, and net interest margin expanded to 4.66% from 4.12%.
Key figures
- Revenue
- 9101000
- Guidance
- Restructuring benefits (reduced funding costs, improved asset yields) expected to be realized progressively over future reporting periods
- Nim q4
- 4.66%
- Fy roaa
- -1.17%
- Deposits
- 155618000
- Nim prior q4
- 4.12%
- Total assets
- 191697000
- Fy adjusted eps
- 0.95
- Q4 adjusted eps
- 0.23
- Fy adjusted roaa
- 0.50%
- Shareholders equity
- 30020000
- Book value per share
- 28.35
- Fy adjusted net income
- 984000
- Q4 adjusted net income
- 241000
- Securities sale pretax loss
- 2002000
- Loan participation sale pretax loss
- 2033000
AI analysis
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