Recent Updates — SRBK
SR Bancorp, Inc. reported net income of $1.1 million for the three months ended September 30, 2026, a 54.1% increase from $693,000 in the prior-year period, or $0.15 per diluted share compared to $0.09. Total assets grew 2.0% to $1.22 billion, driven by a $46.2 million increase in net loans to $947.4 million and a $52.8 million rise in deposits to $979.2 million. Net interest income increased 9.3% to $8.3 million, while noninterest expense rose 2.9% to $7.3 million due to higher salaries and benefits. The company also repurchased approximately 17,000 shares for $328,000 during the quarter. SR Bancorp is a bank holding company that operates Somerset Regal Bank, a full-service commercial bank in New Jersey.
On September 17, 2026, SR Bancorp, Inc.'s Board of Directors declared a quarterly cash dividend of $0.06 per share. The payment is scheduled for October 15, 2026, to stockholders of record as of September 30, 2026. Executive Chairman David Orbach stated the company's strong financial position enables this distribution. SR Bancorp, Inc. operates as a bank holding company and is the parent organization for Somerset Regal Bank, a full-service commercial banking institution headquartered in New Jersey.
SR Bancorp, Inc. disclosed a data security incident involving its internal audit provider, Mercadien, P.C. CPAs, where an unauthorized actor accessed files containing Bank customer data, including social security numbers and account numbers. The incident did not impact the Bank's core IT infrastructure or operations, and the Company is providing customer notifications as required by law. SR Bancorp, Inc. is a financial services company providing banking services through Somerset Regal Bank.
SR Bancorp, Inc. declared a quarterly cash dividend of $0.06 per share, payable on July 15, 2026, to stockholders of record as of June 30, 2026. SR Bancorp, Inc. is a financial services company providing banking services.