Gouverneur Bancorp, Inc. reported fiscal 2026 second‑quarter results that showed a 84% jump in net income to $217,000, or $0.21 per share, compared with $118,000, or $0.11 per share, a year earlier. Six‑month net income rose to $504,000, or $0.49 per share, versus $278,000, or $0.27 per share, in the prior year.
The company’s net interest margin expanded to 4.22% for the quarter, up from 4.06% a year earlier, reflecting higher net interest income and a favorable mix of loan and investment earnings. The margin increase helped drive the earnings growth despite a modest rise in the provision for credit losses to $5,000, compared with no provision in the same period a year earlier.
On the balance‑sheet side, total assets were $198.3 million, a slight decline from $198.5 million at the end of the previous fiscal year. Deposits grew to $160.0 million, driven by seasonal increases in municipal and retail deposits, while net loans increased to $132.2 million. The company recorded an $18,000 provision for credit losses over the six‑month period, up from $15,000 a year earlier.
Gouverneur Bancorp declared a semi‑annual cash dividend of $0.09 per common share, payable on or about May 18, 2026. The dividend has been paid for 26 consecutive years, underscoring the company’s long‑standing commitment to returning value to shareholders.
The company is not currently covered by analysts, and no market reaction data is available. Nonetheless, the earnings release provides a clear view of Gouverneur Bancorp’s financial health and its focus on deposit growth and capital return initiatives.
Overall, the results demonstrate solid profitability growth, an expanding net interest margin, and a stable dividend policy, positioning Gouverneur Bancorp for continued performance in the coming quarters.
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