Gouverneur Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 10, 2024 at 04:17 pm
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Gouverneur Bancorp, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported net interest income was USD 1.81 million compared to USD 1.95 million a year ago. Net income was USD 0.102 million compared to net loss of USD 0.047 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
For the six months, net interest income was USD 3.61 million compared to USD 3.93 million a year ago. Net income was USD 0.22 million. Basic earnings per share from continuing operations was USD 0.21. Diluted earnings per share from continuing operations was USD 0.21.
Gouverneur Bancorp, Inc. is a holding company for Gouverneur Savings and Loan Association (the Bank). The Bank is a New York chartered savings and loan association. The Bank offers deposit and loan services for businesses, families and individuals. The Bankâs principal business consists of originating one-to four-family residential real estate mortgage loans and, to a lesser extent, commercial real estate loans, construction loans and home equity loans and lines of credit. It also offers commercial loans and consumer loans. The Bank offers a variety of retail deposits to the general public in the areas surrounding its main office and its branch offices. It offers its customers a variety of deposit products with interest rates. The Bank conducts business through its five branch offices located in Jefferson and St. Lawrence Counties in New York. The Bank also operates a wholly owned subsidiary, GS&L Municipal Bank, which is a New York-chartered limited purpose commercial bank.
GOUVERNEUR BANCORP, INC. 
