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Bank holding companies

SR Bancorp, Inc. Reports Financial Results for Quarter and Year Ended June 30, 2025

Strategic Insights

— 2 min read

SR Bancorp, Inc., the holding company for Somerset Regal Bank, has issued a press release setting forth the financial results for the quarter and year ended June 30, 2025. The Company recognized $1.5 million of gains from life insurance proceeds and related interest, and adjusted its allowance for credit losses with a revised calculation of the quantitative loss factor. The financial results show a significant improvement compared to the same periods in the previous year. Net income for the three months ended June 30, 2025 was $2.2 million, or $0.28 per basic share and $0.27 per diluted share, compared to a net loss of $3.0 million for the three months ended June 30, 2024. The Company reported net income of $5.1 million, or $0.61 per basic and diluted share, for the year ended June 30, 2025, compared to a net loss of $10.9 million for the year ended June 30, 2024.

Key Takeaways:

  • SR Bancorp, Inc. reported net income of $2.2 million for the quarter ended June 30, 2025, compared to a net loss of $3.0 million for the same quarter in 2024.
  • The Company recognized $1.5 million of gains from life insurance proceeds and related interest, and adjusted its allowance for credit losses with a revised calculation of the quantitative loss factor.
  • Total assets were $1.08 billion at June 30, 2025, an increase of $63.6 million, or 6.2%, from $1.02 billion at June 30, 2024.
  • Net loans were $797.2 million, an increase of $65.3 million, or 8.9%, from $731.9 million at June 30, 2024.
  • Total deposits were $846.0 million, an increase of $38.9 million, or 4.8%, from $807.1 million at June 30, 2024.
  • The increase in loans was funded primarily through a $30.0 million short-term borrowing and increased deposits.

Statistics:

  • Net income for the quarter ended June 30, 2025: $2.2 million
  • Net income per basic share for the quarter ended June 30, 2025: $0.28
  • Net income per diluted share for the quarter ended June 30, 2025: $0.27
  • Net loss for the quarter ended June 30, 2024: $3.0 million
  • Net income for the year ended June 30, 2025: $5.1 million
  • Net income per basic share for the year ended June 30, 2025: $0.61
  • Net income per diluted share for the year ended June 30, 2025: $0.61
  • Net loss for the year ended June 30, 2024: $10.9 million
  • Total assets at June 30, 2025: $1.08 billion
  • Total assets at June 30, 2024: $1.02 billion
  • Increase in total assets: $63.6 million, or 6.2%
  • Net loans at June 30, 2025: $797.2 million
  • Net loans at June 30, 2024: $731.9 million
  • Increase in net loans: $65.3 million, or 8.9%
  • Total deposits at June 30, 2025: $846.0 million
  • Total deposits at June 30, 2024: $807.1 million
  • Increase in total deposits: $38.9 million, or 4.8%

Sources:

  • SR Bancorp, Inc. News Release, July 31, 2025 (Source: Company Press Release)
  • Financial results for the quarter and year ended June 30, 2025 (Source: Company Financial Statements)

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