SR Bancorp, Inc. Common stock
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $141.2M
- Price
- $19.43
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.82%
- Volume
- 13.1K
About
SR Bancorp, Inc. serves as the parent organization for its subsidiary, Somerset Savings Bank, SLA, a financial institution dedicated to providing commercial banking services. This bank offers a comprehensive selection of deposit accounts and credit solutions, designed to meet the needs of both individual consumers and local small enterprises. Its operations extend through a network of branches situated across Hunterdon, Middlesex, and Somerset Counties in New Jersey. The company was founded in 1887 and its primary headquarters are located in Bound Brook, New Jersey.
Quick stats
Shares outstanding7.3M
Computed float6.6M
Float / shares91.3%
Key info
SectorFinancial Services
IndustryBanks - Regional
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001951276
AI Summary
AI-generated1/4
standardbearishearnings
SR BANCORP, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS
SR Bancorp reported Q4 net income of $940,000, or $0.13 per share, down from $2.2 million, or $0.28 per share, in the year-ago quarter.
The YoY decline was primarily due to the absence of a $1.5 million life insurance gain recorded in the prior year period, partially offset by a 7.8% increase in net interest income to $8.0 million.
Total assets grew 9.7% to $1.19 billion, driven by a 13% increase in net loans to $901.2 million, while the company repurchased $16.0 million of common stock during the fiscal year.
Red flags
- Q4 net income dropped 57% year-over-year
- Efficiency ratio deteriorated to 82.28% from 71.89% in the prior year quarter
- Repurchased nearly 1 million shares during a period of declining net income