SR BANCORP, INC. ANNOUNCES PAYMENT OF QUARTERLY CASH DIVIDEND OF $0.05 PER SHARE

Rhea-AI Summary

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 July 15, 2025, to stockholders of record as of June 30, 2025. Executive Chairman David Orbach emphasized the company's strong financial position that enables this dividend payment. This announcement demonstrates SR Bancorp's commitment to providing shareholder returns while maintaining financial stability.

Positive

• Declaration of quarterly dividend of $0.05 per share indicates financial stability
• Company maintains consistent shareholder returns through dividend program
• Management confirms strong financial position

Negative

• None.

BOUND BROOK, N.J., June 20, 2025 /PRNewswire/ -- SR Bancorp, Inc. (NASDAQ: SRBK), the holding company for Somerset Regal Bank, announced that its Board of Directors has declared the payment of a quarterly cash dividend. The dividend of $0.05 per share will be paid on July 15, 2025 to stockholders of record as of June 30, 2025. 

David Orbach, Executive Chairman of SR Bancorp, Inc said: "We are pleased to be in a strong financial position giving us the ability to pay a cash dividend."

About SR Bancorp, Inc.

SR Bancorp, Inc. is the holding company for Somerset Regal Bank, a full-service New Jersey commercial bank headquartered in Bound Brook, New Jersey that operates 14 branches in Essex, Hunterdon, Middlesex, Morris, Somerset and Union Counties, New Jersey. At March 31, 2025, Somerset Regal Bank had $1.07 billion in total assets, $780.8 million in net loans, $835.6 million in deposits and total equity of $195.1 million. Additional information about Somerset Regal Bank is available on its website, www.somersetregalbank.com.

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 U.S. Government including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, a failure in or breach of the Company's operational or security systems or infrastructure, including cyber attacks, the failure to maintain current technologies, failure to retain or attract employees and legislative, accounting and regulatory changes that could adversely affect the business in which the Company and the Bank are engaged. Our actual future results may be materially different from the results indicated by these forward-looking statements. Except as required by applicable law or regulation, we do not undertake, and we specifically disclaim any obligation, to release publicly the results of any revisions that may be made to any forward-looking statement.

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SOURCE SR Bancorp, Inc.

FAQ

What is the dividend amount for SRBK stock?

SR Bancorp (SRBK) declared a quarterly cash dividend of $0.05 per share.

When is SR Bancorp's dividend payment date?

The dividend will be paid on July 15, 2025, to stockholders of record as of June 30, 2025.

Who is eligible for SRBK's Q2 2025 dividend?

Stockholders who own SRBK shares as of the record date June 30, 2025, are eligible for the dividend payment.

What did SR Bancorp's Executive Chairman say about the dividend?

Executive Chairman David Orbach stated that the company is pleased to be in a strong financial position enabling them to pay a cash dividend.