Gouverneur Bancorp Q3 net income up 10% YoY; announces $23.8M securities sale and $20M loan sale

Gouverneur Bancorp, Inc./MD/

Net income $239k ($0.23 EPS) for Q3 June 30, 2026, up from $217k ($0.22 EPS) YoY.
Nine-month net income $743k ($0.72 EPS) vs $495k ($0.48 EPS) prior year.
Sold $23.8M of AFS securities at 3.62% yield, recognizing ~$2.0M pre-tax loss; reinvested $11.6M into shorter-duration securities at 5.01% yield.
Planning to sell ~$20M of lower-yielding loans at ~3.70% yield, expected pre-tax loss ~$2.0M; proceeds to fund higher-yielding loan growth.
Strategy expected to increase net interest margin by ~51 bps and annual EPS by ~$0.58 once fully deployed, with earn-back period of ~5 years.

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