Gouverneur Bancorp, Inc. Announces Fiscal 2025 Fourth Quarter and Fiscal Year Results

Core Insights - Gouverneur Bancorp, Inc. reported a net income of $238,000 for Q4 2025, an increase from $136,000 in Q4 2024, and a full-year net income of $733,000 for fiscal 2025, up from $539,000 in fiscal 2024 [2][16] Financial Performance - Net interest income is the primary driver of the company's operations, influenced by interest income from loans and securities, and interest expenses on liabilities [3] - Total assets increased by $1.2 million, or 0.64%, from $197.3 million in 2024 to $198.5 million in 2025 [4] - Securities available for sale decreased by $4.4 million, or 9.74%, while net loans increased by $7.2 million, or 5.83% [4] - Deposits decreased by $5.1 million, or 3.20%, to $154.8 million due to seasonal fluctuations [5] - Shareholders' equity decreased by 2.01% to $32.1 million, primarily due to a decrease in the market value of the securities portfolio [6] Income and Expenses - Total interest income increased by $45,000, or 2.09%, for Q4 2025, and by $101,000, or 1.18%, for the full year [7][9] - Total interest expense decreased by $3,000, or 0.81%, for Q4 2025, but increased by $100,000, or 7.05%, for the full year [8][9] - Non-interest income increased by $102,000 for Q4 2025 and by $283,000 for the full year, largely due to gains from the sale of equity securities [11] - Non-interest expenses decreased by $33,000 for Q4 2025 and by $22,000 for the full year, with notable reductions in salaries and employee benefits [12] Key Ratios - Net interest margin improved to 4.12% for Q4 2025, up from 4.04% in Q4 2024, and to 4.08% for the full year, compared to 4.03% in the previous year [10] - Basic and diluted earnings per share increased to $0.24 for Q4 2025 and $0.72 for the full year [2][14]