secwatch.observer — SEC 8-K summary
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Issuer:     Gouverneur Bancorp, Inc./MD/ (GOVB)
CIK:        0001978811
Form:       8-K
Filed at:   2026-07-30T17:28:33+00:00
Accession:  0001978811-26-000008
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1978811/000197881126000008/0001978811-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1978811/000197881126000008/tmb-20260729x8k.htm
  HTML page:      https://secwatch.observer/filing/0001978811-26-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer