Gouverneur Bancorp Swings to $3.1M Q4 Loss on $4M Restructuring Charges
GOVB sits 93% above its 52-week low of $11.
Summary
Gouverneur Bancorp posted a Q4 FY26 net loss of $3.1M versus a $238K profit a year earlier, and a full-year net loss of $2.3M versus $733K in profit. The swing came from roughly $4.0M of pretax losses on sales of available-for-sale securities and loan participations as the bank restructured its balance sheet. That follows the Q3 10-Q, which laid out $22.8M of securities sold at a $2.0M loss and a planned $20.0M loan sale with another ~$2.0M hit. Strip out the charges and Q4 core net income was $241K, so the underlying business stayed profitable. The more important number is net interest margin at 4.66% versus 4.12% a year ago, with FHLB advances down to zero from $7.0M — the repositioning is already lifting margin and cutting funding costs. The question now is whether that wider margin converts into sustained net income once the one-time losses are behind them.
At the time of this announcement, GOVB was trading at $21.24 on OTC in the Finance sector, with a market capitalization of approximately $22.5M. The 52-week trading range was $11.00 to $23.37. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.