SR Bancorp, Inc. — Form 8-K
Filed July 28, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
SR Bancorp reported FY2026 net income of $3.353M ($0.45/share) vs $5.136M ($0.61/share) in FY2025—a $1.8M decline. Excluding one-time items (life insurance gain of $1.5M in 2025; fair-value accretion of $0.749M in 2026), adjusted earnings fell from $1.614M to $2.815M. Assets grew $105M to $1.19B; loans rose $104M to $901M (13% growth); deposits increased $80.4M to $926M. The company repurchased 978,778 shares ($16M) and borrowed an additional $35M from FHLB-NY. ROA fell to 0.30% from 0.49%; efficiency ratio deteriorated to 85.13% from 81.21%.
Why this rating
Earnings declined 34% YoY; adjusted earnings also down. Asset/loan growth is positive but insufficient to offset profitability compression. Share buyback at ~$16.3/share amid declining earnings is material. Bank remains small ($106M market cap) and moderately sized operationally ($1.19B assets)—a meaningful earnings miss but manageable. Loan growth and stable credit quality partially mitigate concern.
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