SR Bancorp, Inc. Authorizes Stock Repurchase Program

SR Bancorp, Inc. has authorized a new stock repurchase program for up to 10% of its outstanding shares of common stock, totaling 886,137 shares. This move follows the company's previous stock repurchase program, which has 13,802 shares remaining. The new program is expected to commence after the completion of the current repurchase program, with the timing and amount of any repurchases to be determined by various factors, including market conditions and the company's financial performance.

Key Takeaways:

• SR Bancorp, Inc. has authorized a stock repurchase program for up to 10% of its outstanding shares of common stock (886,137 shares).
• The new program is the company's second stock repurchase program since completing its mutual-to-stock conversion and related stock offering on September 19, 2023.
• Repurchases are expected to commence after the completion of the current repurchase program, which has 13,802 shares remaining.
• The timing and amount of any repurchases will depend on factors such as market conditions, the company's financial performance, and the availability of stock.
• The company may repurchase shares through open market purchases, private transactions, block trades, or any trading plan adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
• The company is not obligated to repurchase any particular number of shares or any shares in any specific time period.
• Somerset Regal Bank, a subsidiary of SR Bancorp, Inc., has $1.07 billion in total assets and $780.8 million in net loans as of March 31, 2025.

Statistics:

• Up to 10% of SR Bancorp, Inc.'s outstanding shares of common stock (886,137 shares) will be repurchased under the new program.
• The current stock repurchase program has 13,802 shares remaining.
• Somerset Regal Bank has $1.07 billion in total assets and $780.8 million in net loans as of March 31, 2025.

Sources:

• SR Bancorp, Inc., press release dated July 8, 2025