Quarterly ResultApr 28, 2026, 04:12 PM
SRBK Q1 Net Income $886K (+65%); EPS $0.12 (+100%)
AI Summary
SR Bancorp, Inc. announced a significant increase in net income for the three months ended March 31, 2026, reaching $886,000, up 65.0% year-over-year, with EPS doubling to $0.12. Excluding acquisition-related accretion income, adjusted net income also showed strong growth. The company reported robust balance sheet expansion, with total assets increasing 5.4% to $1.14 billion, net loans growing 7.8% to $859.1 million, and deposits rising 5.7% to $894.3 million since June 30, 2025. Net interest income and margin also saw healthy improvements for the quarter.
Key Highlights
- Q1 2026 Net Income was $886,000, a 65.0% increase from Q1 2025.
- Q1 2026 Basic and Diluted EPS was $0.12, a 100% increase from Q1 2025.
- Total assets grew 5.4% to $1.14 billion at March 31, 2026, from June 30, 2025.
- Net loans increased 7.8% to $859.1 million at March 31, 2026.
- Total deposits rose 5.7% to $894.3 million at March 31, 2026.
- Net interest income for Q1 2026 increased 8.8% to $7.8 million.
- Net interest margin for Q1 2026 improved by 18 basis points to 3.00%.
- Equity decreased $9.3 million, primarily due to $12.0 million in share repurchases.