Gouverneur Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2022
July 22, 2022 at 03:07 pm EDT
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Gouverneur Bancorp, Inc. reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported net interest income was USD 1.02 million compared to USD 1.02 million a year ago. Net income was USD 0.339 million compared to USD 0.104 million a year ago.
For the nine months, net interest income was USD 3.03 million compared to USD 3.1 million a year ago. Net income was USD 1.13 million compared to USD 0.911 million a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.45 a year ago.
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. 
