Core Viewpoint - Gouverneur Bancorp, Inc. has appointed Stephen M. Jefferies as the new President and Chief Executive Officer, effective September 2, 2025, succeeding Charles C. Van Vleet, Jr. who will retire on the same date [1][3]. Group 1: Leadership Transition - Stephen M. Jefferies brings nearly 40 years of banking experience and a proven track record of financial leadership to the role [2][3]. - Charles C. Van Vleet, Jr. will retire as Interim President and Chief Executive Officer on September 2, 2025, but plans to remain with the company until December 31, 2025, to assist with the transition [3][4]. Group 2: Company Overview - Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association, which was founded in 1892 and provides deposit and loan services [5]. - As of June 30, 2025, the company reported total assets of $196.7 million, total deposits of $159.4 million, and total stockholders' equity of $31.4 million [5].

Core Viewpoint - Gouverneur Bancorp, Inc. has appointed Stephen M. Jefferies as the new President and Chief Executive Officer, effective September 2, 2025, succeeding Charles C. Van Vleet, Jr. who will retire on the same date [1][3]. Group 1: Leadership Transition - Stephen M. Jefferies brings nearly 40 years of banking experience and a proven track record of financial leadership to his new role [2][3]. - Charles C. Van Vleet, Jr. will retire as Interim President and Chief Executive Officer on September 2, 2025, but plans to remain with the company until December 31, 2025, to assist with the transition [3][4]. Group 2: Company Overview - Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association, which was founded in 1892 and provides deposit and loan services [5]. - As of June 30, 2025, the company reported total assets of $196.7 million, total deposits of $159.4 million, and total stockholders' equity of $31.4 million [5].

Core Viewpoint - Gouverneur Bancorp, Inc. has announced a new stock repurchase program authorizing the repurchase of up to 52,778 shares, representing 5% of its outstanding common stock, to be executed based on market conditions [1] Group 1: Stock Repurchase Programs - The new stock repurchase program will terminate upon the completion of the purchase of 52,778 shares or on July 24, 2026, if not all shares have been purchased by that date [1] - The previous stock repurchase program, announced on December 11, 2024, authorized the purchase of up to 55,356 shares, of which 51,569 shares were repurchased at a total cost of $634,000, averaging $12.29 per share [2] - As of July 23, 2025, there are 3,787 shares remaining to be repurchased under the existing program [2] Group 2: Company Overview - Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association, which was founded in 1892 and provides deposit and loan services [3] - As of June 30, 2025, the company reported total assets of $196.7 million, total deposits of $159.4 million, and total stockholders' equity of $31.4 million [3]

Core Insights - Gouverneur Bancorp, Inc. reported a net income of $217,000, or $0.22 per share, for Q3 2025, an increase from $183,000, or $0.17 per share, in Q3 2024 [2] - For the nine months ended June 30, 2025, net income was $495,000, or $0.48 per share, compared to $403,000, or $0.38 per share, for the same period in 2024 [2] Financial Performance - Total assets decreased by $0.6 million, or 0.27%, from $197.3 million at September 30, 2024, to $196.7 million at June 30, 2025 [4] - Net loans increased by $1.6 million, or 1.35%, during the same period [4] - Total interest income rose by $26,000, or 1.21%, to $2.2 million for Q3 2025, and increased by $56,000, or 0.87%, to $6.5 million for the nine months ended June 30, 2025 [7] - Total interest expense decreased by $27,000, or 6.98%, for Q3 2025, but increased by $103,000, or 9.83%, for the nine months ended June 30, 2025 [8][9] Non-Interest Income and Expenses - Non-interest income increased by $65,000 to $256,000 for Q3 2025, and by $180,000 to $708,000 for the nine months ended June 30, 2025 [11] - Non-interest expenses remained stable at $1.8 million for Q3 2025, with a slight increase of $10,000 for the nine months compared to the previous year [12] Shareholders' Equity and Dividends - Shareholders' equity decreased by 4.18% to $31.4 million at June 30, 2025, primarily due to a decrease in the market value of the securities portfolio and stock repurchases [6] - The Company declared dividends of $0.16 per share totaling $173,000 during the nine months ended June 30, 2025 [6] Key Ratios - Net interest margin improved to 4.15% for Q3 2025, compared to 4.03% for Q3 2024 [10] - Annualized return on average assets increased to 0.44% for Q3 2025, up from 0.37% in Q3 2024 [15] - Annualized return on average equity rose to 2.79% for Q3 2025, compared to 2.33% in Q3 2024 [15]