Core Insights - Gouverneur Bancorp, Inc. reported a net income of $238,000 for Q4 2025, an increase from $136,000 in Q4 2024, and a full-year net income of $733,000 for fiscal 2025, up from $539,000 in fiscal 2024 [2][16] Financial Performance - Net interest income is the primary driver of the company's operations, influenced by interest income from loans and securities, and interest expenses on liabilities [3] - Total assets increased by $1.2 million, or 0.64%, from $197.3 million in 2024 to $198.5 million in 2025 [4] - Securities available for sale decreased by $4.4 million, or 9.74%, while net loans increased by $7.2 million, or 5.83% [4] - Deposits decreased by $5.1 million, or 3.20%, to $154.8 million due to seasonal fluctuations [5] - Shareholders' equity decreased by 2.01% to $32.1 million, primarily due to a decrease in the market value of the securities portfolio [6] Income and Expenses - Total interest income increased by $45,000, or 2.09%, for Q4 2025, and by $101,000, or 1.18%, for the full year [7][9] - Total interest expense decreased by $3,000, or 0.81%, for Q4 2025, but increased by $100,000, or 7.05%, for the full year [8][9] - Non-interest income increased by $102,000 for Q4 2025 and by $283,000 for the full year, largely due to gains from the sale of equity securities [11] - Non-interest expenses decreased by $33,000 for Q4 2025 and by $22,000 for the full year, with notable reductions in salaries and employee benefits [12] Key Ratios - Net interest margin improved to 4.12% for Q4 2025, up from 4.04% in Q4 2024, and to 4.08% for the full year, compared to 4.03% in the previous year [10] - Basic and diluted earnings per share increased to $0.24 for Q4 2025 and $0.72 for the full year [2][14]

Core Points - Gouverneur Bancorp, Inc. has declared a semi-annual cash dividend of $0.09 per common share, an increase from the previous $0.08 per share [1] - This is the third consecutive semi-annual cash dividend since the Bank's conversion to a stock holding company [2] Company Overview - Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association, established in 1892, providing 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 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]