SR Bancorp, Inc. reports bank holding company developments for Somerset Regal Bank, including quarterly financial results, balance sheet activity, and capital returns. Company updates commonly discuss net income, loan and deposit trends, borrowings, tax expense, and acquisition-related fair value accretion tied to the completed Regal Bancorp transaction.
Recurring SRBK news also covers quarterly cash dividends, board actions, and senior management transitions at the holding company and its bank subsidiary. The company’s operating model centers on gathering deposits from individuals and businesses in its communities and using those deposits to fund lending activity.
SR Bancorp (NASDAQ: SRBK) reported net income of $693,000 or $0.09 per share for Q3 ended Sept 30, 2025, down 49.3% from $1.4 million a year earlier. Excluding acquisition-related accretion, Q3 2025 net income would be $475,000. Total assets were $1.11 billion, net loans $826.4 million (+3.7% vs June 30, 2025) and deposits $869.6 million (+2.8% vs June 30, 2025). Net interest income was stable at $7.6 million, while net interest margin fell to 3.05%. Noninterest income declined 29.5% and interest expense rose 12.1% to $4.3 million. The bank repurchased and retired 198,310 shares for $2.9 million.
SR Bancorp (NASDAQ: SRBK), the holding company for Somerset Regal Bank, has announced a quarterly cash dividend of $0.05 per share. The dividend will be paid on October 15, 2025 to stockholders of record as of September 30, 2025.
Executive Chairman David Orbach highlighted the company's strong financial position that enables this dividend payment.
SR Bancorp (NASDAQ: SRBK) issued a corrected Q4 and annual financial report for the period ending June 30, 2025. The company reported Q4 net income of $2.2 million ($0.28 per basic share), compared to a $3.0 million loss in Q4 2024. For the full year, net income reached $5.1 million ($0.61 per share), versus a $10.9 million loss in 2024.
Key financial metrics include total assets of $1.08 billion (up 6.2% YoY), net loans of $797.2 million (up 8.9%), and total deposits of $846.0 million (up 4.8%). The correction includes recognition of $1.5 million in life insurance proceeds and a $157,000 increase in credit loss provisions.
The company completed its conversion from mutual to stock form in September 2023, selling 9,055,172 shares at $10.00 per share, and merged with Regal Bancorp to form Somerset Regal Bank.
[ "Net income improved significantly to $5.1 million in FY2025 from a $10.9 million loss in FY2024", "Total assets increased 6.2% to $1.08 billion", "Net loans grew 8.9% to $797.2 million", "Total deposits rose 4.8% to $846.0 million", "Successfully completed stock offering and merger with Regal Bancorp", "Zero non-performing loans at June 30, 2025, down from $50,000 year prior" ]SR Bancorp (NASDAQ: SRBK) reported significant financial improvements for Q4 and full year 2025. The company posted net income of $823,000 ($0.10 per share) for Q4 2025, compared to a $3.0 million loss in Q4 2024. For the full year 2025, net income reached $3.7 million ($0.44 per share), versus a $10.9 million loss in 2024.
The bank's total assets grew to $1.08 billion, up 6.1% year-over-year, with net loans increasing 8.9% to $797.3 million. Total deposits rose 4.8% to $846.0 million. The company completed its conversion from mutual to stock form in September 2023, selling 9,055,172 shares at $10.00 per share, and successfully merged with Regal Bancorp.
Key metrics show the bank's net interest margin decreased to 2.90% from 3.22% year-over-year, while maintaining strong asset quality with no non-performing loans as of June 30, 2025.
SR Bancorp (NASDAQ: SRBK) has announced its second stock repurchase program, authorizing the buyback of up to 886,137 shares, representing 10% of its outstanding common stock. The program will commence after completing the remaining 13,802 shares from its first buyback program, which was initiated following the company's mutual-to-stock conversion in September 2023.
The repurchases may be executed through open market transactions, private dealings, block trades, or via Rule 10b5-1 trading plans. The timing and volume will be influenced by market conditions, stock price, and alternative capital uses, with purchases conducted under SEC Rule 10b-18 requirements.
SR Bancorp reported net income of $537,000 ($0.06 per share) for Q1 2025, down from $1.1 million in Q1 2024. Total assets reached $1.07 billion, marking a 5.2% increase from June 2024. Net loans grew 6.7% to $780.8 million, while deposits increased 3.5% to $835.6 million.
The bank's performance reflects significant changes following its September 2023 conversion from mutual to stock form and merger with Regal Bancorp. Net interest income decreased 13.1% to $7.2 million, with net interest margin declining to 2.82%. The bank maintained strong asset quality with no non-performing loans and an allowance for credit losses at 0.65% of total loans.
Notable metrics include a 27.2% increase in interest expense to $4.3 million and a 5% growth in noninterest income to $542,000. The bank's efficiency improved with a 6.7% reduction in noninterest expenses to $7.1 million, primarily due to decreased data processing and occupancy costs.
SR Bancorp (NASDAQ: SRBK), the holding company for Somerset Regal Bank, has announced its first quarterly cash dividend payment. The company's Board of Directors declared a dividend of $0.05 per share, which will be distributed on April 15, 2025 to stockholders of record as of March 31, 2025. The announcement reflects the company's strong financial position, according to CEO William P. Taylor.
SR Bancorp (NASDAQ: SRBK) reported Q4 2024 net income of $1.0 million ($0.12 per share), down from $1.6 million in Q4 2023. For the six months ended December 31, 2024, net income was $2.4 million ($0.27 per share), compared to a net loss of $8.9 million in the same period of 2023.
Total assets increased 4.3% to $1.06 billion, with net loans up 6.0% to $775.8 million and deposits rising 2.1% to $824.1 million. The bank's net interest margin decreased to 2.88% from 3.56% year-over-year, while the allowance for credit losses was 0.65% of total loans.
Key developments include a $30.0 million short-term borrowing to fund loan growth, and the repurchase of 347,057 shares at a cost of $3.9 million. The bank maintains strong asset quality with no non-performing loans at quarter-end.
SR Bancorp (NASDAQ: SRBK) reported net income of $1.4 million ($0.16 per share) for Q3 2024, compared to a net loss of $10.5 million in Q3 2023. Total assets reached $1.05 billion, up 3.1% from June 2024. Net loans increased 4.9% to $767.7 million, while deposits grew 1.5% to $819.4 million. The company's net interest margin improved to 3.21% from 2.41% year-over-year. Notable developments include a $20 million short-term borrowing to fund loan growth and the closure of a retail branch in Livingston, New Jersey.