Gouverneur Bancorp (Gouverneur Bancorp) Retained Earnings : $27.99 Mil (As of Dec. 2023)

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What is Gouverneur Bancorp Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gouverneur Bancorp's retained earnings for the quarter that ended in Dec. 2023 was $27.99 Mil.

Gouverneur Bancorp's quarterly retained earnings increased from Jun. 2023 ($28.16 Mil) to Sep. 2023 ($28.24 Mil) but then declined from Sep. 2023 ($28.24 Mil) to Dec. 2023 ($27.99 Mil).

Gouverneur Bancorp's annual retained earnings increased from Sep. 2007 ($16.02 Mil) to Sep. 2022 ($28.13 Mil) and increased from Sep. 2022 ($28.13 Mil) to Sep. 2023 ($28.24 Mil).

Gouverneur Bancorp Retained Earnings Historical Data

The historical data trend for Gouverneur Bancorp's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gouverneur Bancorp Retained Earnings Chart

Gouverneur Bancorp Annual Data

Trend

Sep00

Sep01

Sep02

Sep03

Sep04

Sep05

Sep06

Sep07

Sep22

Sep23

Retained Earnings

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14.39

15.40

16.02

28.13

28.24

Gouverneur Bancorp Quarterly Data
	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															28.13	-	28.16	28.24	27.99

Gouverneur Bancorp Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Gouverneur Bancorp (OTCPK:GOVB) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Gouverneur Bancorp (Gouverneur Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gouverneur Bancorp Inc (OTCPK:GOVB) » Definitions » Retained Earnings

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Address

42 Church Street, Gouverneur, NY, USA, 13642

Website

https://www.gouverneurbank.com

Gouverneur Bancorp Inc principal activities are to accept deposits from the public and utilize those funds in loans, debt obligations which are issued by the United States government and its agencies and mortgage-backed securities. The group serves individuals and businesses in St. Lawrence, Jefferson, and Lewis Counties in New York State. The company operates through its subsidiary Gouverneur Savings and Loan Association. The bank offers commercial, non-mortgage loans to local businesses for working capital, machinery and equipment purchases, expansion and other business purposes.

Executives

Timothy J Monroe	director	42 CHURCH STREET, PO BOX 297, GOVENEUR NY 13642-0297
Henry J Leader	director	42 CHURCH STREET, PO BOX 297, GOUVERNEUR NY 13642
David Claren Mcclure	director	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR DC 13642
Clara Pistolesi Cummings	director	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR DC 13642
Chad Brian Soper	director	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR DC 13642
Amy Marie Rapholz	director	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR DC 13642
John Neil Mason	director	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR NY 13642
Kimberly Ann Adams	officer: VP and CFO	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR NY 13642
Taylor James Robbins	officer: Executive Vice President	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR NY 13642
Sadie May Hall	officer: VP & Compliance Officer	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR NY 13642
Van Vleet Charles C Jr	director, officer: President & CEO	C/O GOUVERNEUR SAVINGS LOAN ASSOC, 42 CHURCH ST. BOX 297, GOUVERNEUR NY 13642-0297
Victor Alan James	officer: VP & COO	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR NY 13642