Gouverneur Bancorp Q2 net income rises

Gouverneur Bancorp

21/04/2026 21:33

Overview

US savings and loan holding company's fiscal Q2 net income rose to $217,000 from $118,000

Net interest income rose and interest expense declined from prior year

Deposits increased 3.36% to $160.0 million at March 31, 2026 from $154.8 million at September 30, 2025 on seasonal activity

Assets and securities available for sale at March 31, 2026 declined slightly from that at September 30, 2025

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

HIGHER LOAN INCOME - Interest income on loans for six months ended March 31, 2026 increased due to higher loan origination and loan repricing

LOWER INTEREST EXPENSE - Total interest expense declined, mainly due to lower retail deposit rates, partially offset by higher FHLB borrowing costs

NON-INTEREST INCOME GAINS - Non-interest income rose on higher service charge income and a gain on sale of available for sale securities

Company press release: ID:nGNX7SKtJh

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
$217,000
Q2 Net Interest Income
$1.85 mln
Q2 Net Interest Margin (%)
4.22%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)