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SR Bancorp, Inc. - $SRBK STOCK NEWS

Welcome to our dedicated page for SR Bancorp news (Ticker: $SRBK), a resource for investors and traders seeking the latest updates and insights on SR Bancorp stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SR Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

SR Bancorp, Inc. reported a net income of $1.1 million for Q1 2024, down from $1.6 million in Q4 2023. Excluding certain costs, net income would have been $258,000. Total assets, loans, and deposits saw significant increases. The Bank completed a core system data conversion during the quarter.

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SR Bancorp, Inc. announced a significant turnaround in net income, reporting $1.6 million for the three months ended December 31, 2023, compared to a net loss of $10.5 million for the three months ended September 30, 2023. The completed stock offering and merger, along with an increase in total assets, net loans, and total deposits, contributed to the positive financial results. The company's net interest income, provision for credit losses, noninterest income, and noninterest expense also showed notable changes.
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Somerset Savings Bank reports net income of $1.6 million for the year ended June 30, 2023, compared to $1.9 million for the previous year. Total assets increased to $651.5 million, while total deposits decreased to $503.9 million. Net interest income increased to $13.7 million. The Bank plans to convert to a stock form of organization and conduct a stock offering.
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SR Bancorp, Inc.

Nasdaq:SRBK

SRBK Rankings

SRBK Stock Data

87.47M
9.38M
10.2%
15.72%
0.59%
Commercial Banking
Finance and Insurance
Link
United States of America
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