GOVB
Gouverneur Bancorp, Inc.17.25
+0.22+1.29%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
18.20MP/E (TTM)
23.96Basic EPS (TTM)
0.72Dividend Yield
0.01%Recent Filings
8-K
Q4 net income rises to $238K
Gouverneur Bancorp reported net income of $238,000 for Q4 2025, up from $136,000 a year earlier, driven by higher loan income and non-interest gains from equity sales, while net loans grew 5.83% to $131.5 million amid a dip in deposits to $154.8 million. The bank entered change-in-control agreements with top executives, offering two years' salary plus bonuses if terminated post-acquisition. Assets edged up to $198.5 million. Forward-looking statements highlight interest rate and economic risks.
8-K
New director appointed
Gouverneur Bancorp appointed Duane M. Pelkey as a director for the company and its Bank subsidiary on August 18, 2025. He will receive the standard $27,600 annual cash retainer but joins without committee assignments or prior arrangements. No related transactions disclosed. This bolsters board continuity amid routine governance.
8-K
New CEO appointed
Gouverneur Bancorp appointed Stephen M. Jefferies as President and CEO of the company and its bank subsidiary, effective September 2, 2025, replacing retiring interim leader Charles C. Van Vleet, Jr. Jefferies brings nearly 40 years of banking experience, including recent CEO roles at Community Bank & Trust. He starts with a $250,000 base salary, plus 10,000 stock options and 4,000 restricted shares vesting over five years. Van Vleet stays through year-end for a smooth handover.
10-Q
Q3 FY2025 results
Gouverneur Bancorp posted steady Q3 FY2025 results, with net income climbing 18.6% y/y to $217K on $1.8M net interest income, up 3.0% y/y from stronger loan yields at 5.48% while deposit costs edged to 1.00%. Loans grew 1.4% q/q to $125.9M net, fueled by $3.4M in originations, yet nonperformers dipped to $545K. Cash swelled 13.1% q/q to $7.2M, bolstering liquidity with $60.9M FHLB availability and no borrowings outstanding. Core deposit intangible from the 2022 Citizens Bank acquisition amortized $93K, recognizing $4.2M goodwill over 10 years. Solid capital ratios held well above requirements. Competition from larger banks pressures deposit growth.
8-K
Approves second buyback program
Gouverneur Bancorp approved a second stock repurchase program on July 24, 2025, authorizing up to 52,778 shares—5% of its outstanding common stock—through open market or negotiated buys under Rule 10b5-1, set to end by July 24, 2026 or upon completion. This follows the first program, where 51,569 shares were repurchased for $634,000 at $12.29 each, leaving 3,787 shares. The move signals confidence in undervaluation. Yet market volatility could alter execution.
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