SR Bancorp (SRBK) approves third buyback for 10% of outstanding shares
Rhea-AI Filing Summary
SR Bancorp, Inc. authorized its third stock repurchase program, allowing the company to buy back up to 10% of its outstanding common shares, or 801,320 shares. Repurchases will begin after the current second program, which has 22,176 shares remaining, is completed.
Shares may be repurchased in open market or private transactions, including block trades and potential Rule 10b5-1 trading plans, and open market purchases will follow SEC Rule 10b-18. The company is not required to repurchase a specific number of shares or to do so within any set timeframe.
As of March 31, 2026, Somerset Regal Bank, SR Bancorp’s banking subsidiary, reported $1.14 billion in total assets, $859.1 million in net loans, $897.6 million in deposits and total equity of $181.3 million, providing context for the scale of the repurchase authorization.
Positive
- Authorized 10% share repurchase: Board approved a third stock repurchase program for up to 801,320 shares, or 10% of outstanding common stock, providing a significant capital return mechanism and potential support for per-share metrics if executed.
Negative
- None.
Insights
SR Bancorp adds a sizable 10% share repurchase on top of existing buybacks.
SR Bancorp has authorized a third stock repurchase program for up to 801,320 common shares, equal to 10% of outstanding stock. This follows two prior programs initiated after its mutual-to-stock conversion in September 2023, with 22,176 shares still available in the second program.
The authorization gives management discretion to repurchase shares via open market or private transactions, block trades, and potential Rule 10b5-1 plans, with purchases conducted under SEC Rule 10b-18. The filing emphasizes there is no obligation to repurchase any specific number of shares, so actual impact depends on execution over time.
With bank subsidiary assets of $1.14 billion, deposits of $897.6 million and equity of $181.3 million as of March 31, 2026, the board appears comfortable authorizing a relatively large capital return tool. Subsequent disclosures will show how actively the authorization is used versus other capital needs.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Third repurchase authorization: 801,320 shares (10% of outstanding)
Remaining second program capacity: 22,176 shares
Total assets: $1.14 billion
+4 more
7 metrics
Third repurchase authorization
801,320 shares (10% of outstanding)
Maximum shares under new stock repurchase program
Remaining second program capacity
22,176 shares
Shares left in second repurchase program before third begins
Total assets
$1.14 billion
Somerset Regal Bank as of March 31, 2026
Net loans
$859.1 million
Somerset Regal Bank as of March 31, 2026
Deposits
$897.6 million
Somerset Regal Bank as of March 31, 2026
Total equity
$181.3 million
Somerset Regal Bank as of March 31, 2026
Branch count
14 branches
Somerset Regal Bank locations across New Jersey counties
Key Terms
stock repurchase program, mutual-to-stock conversion, Rule 10b5-1, Rule 10b-18, +1 more
5 terms
stock repurchase program financial
"the Company has authorized a stock repurchase program for up to 10% of the Company’s outstanding shares"
A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.
mutual-to-stock conversion financial
"third stock repurchase program since completing its mutual-to-stock conversion and related stock offering"
A mutual-to-stock conversion is when a company owned by its customers or members (often an insurance mutual or cooperative) changes into a stock company that issues shares to outside investors. For investors, that change creates tradable equity and a chance to buy ownership, and it can alter governance, capital access and risk profile much like a neighborhood co‑op turning into a regular business that can sell shares to raise money.
Rule 10b5-1 regulatory
"pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Rule 10b-18 regulatory
"Open market purchases will be made in accordance with Rule 10b-18 of the Securities and Exchange Commission"
Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.
forward-looking statements regulatory
"Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
What did SR Bancorp (SRBK) announce in its latest 8-K filing?
SR Bancorp authorized its third stock repurchase program, allowing buybacks of up to 10% of outstanding common shares, or 801,320 shares. Repurchases will begin after completion of the second program, which still has 22,176 shares available.
What are SR Bancorp’s key balance sheet figures supporting this repurchase?
As of March 31, 2026, Somerset Regal Bank, SR Bancorp’s banking subsidiary, reported $1.14 billion in total assets, $859.1 million in net loans, $897.6 million in deposits, and total equity of $181.3 million, framing the scale of the authorized repurchase program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 21, 2026
(Exact Name of Registrant as Specified in Charter)
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of Incorporation)
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (732 ) 560-1700
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events
On May 21, 2026, SR Bancorp, Inc. (the “Company”) announced that it had authorized its third stock repurchase program for up to 10% of the
Company’s outstanding shares of common stock (801,320 shares) to be initiated upon completion of its second stock repurchase program.
A copy of the press release announcing the stock repurchase program is included as exhibit 99.1 to this report and is incorporated herein
by reference.
Item 9.01 Financial Statements and Exhibits
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Financial Statements of Businesses Acquired. Not applicable.
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Exhibits.
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Exhibit No. Description
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Press Release dated May 21, 2026.
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Cover Page Interactive Data File (embedded within Inline XBRL document).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.
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SR Bancorp, Inc.
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DATE: May 21, 2026
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By:
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/s/ Christopher J. Pribula
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Christopher J. Pribula
President and Chief Executive Officer
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact:
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Christopher J. Pribula
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David Orbach
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President and Chief Executive Officer
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Executive Chairman
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SR Bancorp, Inc.
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SR Bancorp, Inc.
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(732) 560-1700, ext. 5205
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(973) 716-0600, ext. 1601
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SR BANCORP, INC. ANNOUNCES ADOPTION
OF ITS THIRD STOCK REPURCHASE PROGRAM
BOUND BROOK, NEW JERSEY, May 21, 2026 – SR Bancorp, Inc. (the “Company”) (NASDAQ: SRBK), the holding company for Somerset Regal Bank,
announced today that the Company has authorized a stock repurchase program for up to 10% of the Company’s outstanding shares of common stock (801,320 shares). This is the Company’s third stock repurchase program since completing its mutual-to-stock
conversion and related stock offering on September 19, 2023.
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 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, 2026, Somerset Regal Bank had $1.14 billion in total assets, $859.1 million in net loans, $897.6 million in deposits and total equity
of $181.3 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.