Quarterly ResultMay 15, 2026, 04:09 PM
SR Bancorp Q3 Net Income +65% to $886K; EPS $0.12
AI Summary
SR Bancorp reported a significant increase in net income and basic earnings per share for the three months ended March 31, 2026, compared to the same period in the prior year. This performance was supported by an 8.8% rise in net interest income. The company also demonstrated solid balance sheet growth, with total assets, deposits, and net loans receivable all increasing since June 30, 2025, alongside continued share repurchases.
Key Highlights
- Net income for Q3 2026 increased 65.0% to $886 thousand from $537 thousand in Q3 2025.
- Basic EPS for Q3 2026 rose 100% to $0.12 from $0.06 in Q3 2025.
- Net interest income for Q3 2026 increased 8.8% to $7.81 million from $7.18 million in Q3 2025.
- Total assets grew 5.4% to $1.14 billion as of March 31, 2026, from $1.08 billion at June 30, 2025.
- Total deposits increased 5.7% to $894.34 million as of March 31, 2026, from $846.02 million at June 30, 2025.
- Loans receivable, net, rose 7.8% to $859.05 million as of March 31, 2026, from $797.17 million at June 30, 2025.
- SR Bancorp repurchased 295,527 common shares for $5.03 million during the quarter.
- Cash dividends declared on common stock were $0.05 per share for the quarter.
Price Impact
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