SRBK
SR Bancorp, Inc.16.56
-0.34-2.01%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
133.17MP/E (TTM)
30.67Basic EPS (TTM)
0.54Dividend Yield
0.01%Recent Filings
8-K
CEO retires; insiders promoted
SR Bancorp announced CEO William P. Taylor's retirement effective January 1, 2026, with no disagreements cited; he stays as director and Bank's Executive Chairman. Christopher J. Pribula, current President and COO since 2019, steps up as CEO. Neil Viotto rises to EVP and COO. Smooth internal transition preserves leadership continuity.
8-K
Annual meeting elects directors
SR Bancorp held its 2025 annual meeting on November 19, electing Robert Mustard for a one-year term and Marc Lebovitz, Douglas M. Sonier, and William P. Taylor for three-year terms; stockholders ratified Baker Tilly US as auditors for fiscal 2026. Presentation highlighted Q1 2026 assets at $1,110.1M, net loans $826.4M, deposits $869.6M, with core net income $475k. Assets grew steadily. Repurchases continue.
10-Q
Q1 FY2026 results
SR Bancorp held net interest income steady at $7.6M for Q1 FY2026 ended September 30, 2025, matching last year despite a 49% drop in net income to $693K ($0.09 diluted EPS) from $1.4M ($0.16), driven by higher salaries from stock awards and a $171K credit loss provision on 3.7% q/q loan growth to $829.5M. Deposits climbed 2.8% q/q to $869.6M while cash stayed ample at $58.3M; borrowings rose to $35M FHLB advance (3.67%, matures 2027). Loans pristine—no non-accruals. Share repurchases trimmed outstanding shares. Competition presses deposit pricing.
8-K
Q3 profit drops amid growth
SR Bancorp reported Q3 net income of $693,000, down 49.3% from $1.4 million a year ago, as accretion income from the 2023 Regal Bank acquisition dropped to $303,000 from $1.0 million. Assets grew 2.4% to $1.11 billion, fueled by $29.2 million in net loan expansion to $826.4 million and $23.6 million in deposits to $869.6 million, while borrowings rose $5.0 million for liquidity. Net interest margin slipped 16 basis points to 3.05%, squeezed by higher deposit costs. Profit fell sharply.
10-K
FY2025 results
SR Bancorp capped FY2025 with solid asset growth, pushing total assets to $1.08B amid a 6.2% y/y rise, fueled by $65.3M in net loan expansion to $797.2M—residential mortgages up 8.3% and multi-family loans surging 21.8%—while deposits climbed 4.8% to $846.0M. Q4 momentum shone through sequential loan gains and zero non-performers, underscoring pristine asset quality with no delinquencies over 90 days. Net interest income edged up 0.7% to $29.6M annually, but margins slipped 26bps to 2.93% as deposit costs outpaced asset yields; noninterest income soared on $1.5M life insurance gains. Liquidity stayed robust at 6.8% of deposits, bolstered by $30M FHLB borrowing, while $11.3M in buybacks trimmed equity to $193.8M. Yet local real estate slumps could crimp quarterly loan values.
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