SR BANCORP, INC. ANNOUNCES ADOPTION OF ITS THIRD STOCK REPURCHASE PROGRAM
Rhea-AI Summary
SR Bancorp (NASDAQ: SRBK) authorized its third stock repurchase program, permitting buybacks of up to 10% of outstanding common shares, or 801,320 shares. Repurchases are expected to begin after completion of the second program, which has 22,176 shares remaining.
Buybacks may occur via open market or private transactions under SEC Rules 10b5-1 and 10b-18. The company is not obligated to repurchase any specific number of shares, with timing and amounts dependent on market conditions, stock availability, trading price, alternative capital uses, and financial performance.
Positive
- Authorization to repurchase up to 10% of outstanding common stock (801,320 shares)
- Repurchases provide capital management flexibility across open market, private, block, or 10b5-1 plan transactions
- Third stock repurchase program since mutual-to-stock conversion completed on September 19, 2023
Negative
- None.
News Market Reaction – SRBK
In the May 22 session, SRBK gained 2.24%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Buybacks Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 08 | Stock buyback launch | Positive | +4.0% | Second repurchase program authorizing up to 886,137 shares (10% of stock). |
| Sep 20 | Initial buyback launch | Positive | +1.6% | Initial repurchase plan for up to 950,793 shares, about 10% of shares. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Prior buyback announcements coincided with positive next-day moves, suggesting the market has historically welcomed SRBK repurchase programs.
This announcement marks SR Bancorp’s third stock repurchase program since its mutual-to-stock conversion on September 19, 2023. Earlier buyback authorizations in September 2024 and July 2025, each covering about 10% of outstanding shares, produced next-day gains of 1.57% and 3.97%. Together with steady earnings, dividends of $0.05 per share, and strong regulatory metrics, the company has consistently paired capital returns with balance sheet growth. Today’s program extends that pattern of ongoing capital return.
Key Terms
stock repurchase program financial
mutual-to-stock conversion financial
rule 10b5-1 regulatory
rule 10b-18 regulatory
securities and exchange commission regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Repurchases are expected to commence after the Company completes its second repurchase program, which has 22,176 shares remaining. Shares of the Company's common stock may be repurchased pursuant to the program in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance. Open market purchases will be made in accordance with Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements. The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period.
About SR Bancorp, Inc.
SR Bancorp, Inc. is the holding company for Somerset Regal Bank, a full-service
Forward Looking Statements
Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements, which are based on certain current assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of the words "may," "will," "should," "could," "would," "plan," "potential," "estimate," "project," "believe," "intend," "anticipate," "expect," "target" and similar expressions. Forward-looking statements are based on current beliefs and expectations of management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, inflation, general economic conditions or conditions within the securities markets, our ability to successfully integrate acquired operations and realize the expected level of synergies and cost savings, real estate market values in the Bank's lending area changes in the quality of our loan and security portfolios, increases in non-performing and classified loans, economic assumptions or changes in our methodology that may impact our allowance for credit losses calculation, changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio, the availability of low-cost funding, monetary and fiscal policies of the
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SOURCE SR Bancorp, Inc.