SR Bancorp, Inc. (SRBK)
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.
Sector: Savings Institutions, Not Federally Chartered
Industry: Banks - Regional
SR Bancorp, Inc. Common stock
NASDAQ:SRBKFinancial Services · Banks - Regional
+0.71%$19.02
AH Close$19.02+0.00%vs close
AH Close$19.02+0.00%vs close
Mkt Cap$150.82M
Float7.36M
O/S7.93M
Inst Own34.8%
SI3.0%
Div Yield1.16%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$51.27M
Net Income$3.35M
Total Assets$1.19B
Free Cash Flow$9.88M
Debt & Equity
Debt 27%
Equity 73%
Total Debt$67.78M
Total Equity$181.79M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SRBK's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.19B
Liabilities$1.01B
Accounts Receivable$904.67M
Accounts Payable$0
Inventory$0
PP&E (Net)$7.56M
Goodwill$25.54M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Revenue | $51.27M | $50.05M | $38.37M | $17.38M | $14.78M | $14.39M |
| YoY Growth | 2.4% | 30.4% | 120.7% | 17.6% | 2.7% | - |
| Cost of Revenue | $18.79M | $16.87M | $15.56M | $2.43M | $1.53M | $2.42M |
| Gross Profit | $32.48M | $33.18M | $22.81M | $14.96M | $13.25M | $11.98M |
| Gross Margin | 63.3% | 66.3% | 59.5% | 86.0% | 89.6% | 83.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $18.35M | $2.24M | $16.81M | $8.66M | $7.25M | $6.8M |
| Other | $10.3M | $24.82M | $17.78M | $4.49M | $3.77M | $3.78M |
| Total Operating Expenses | $28.65M | $27.05M | $34.58M | $13.15M | $11.01M | $10.58M |
| Operating Income (EBIT) | $3.83M | $6.13M | -$11.77M | $1.8M | $2.23M | $1.4M |
| Operating Margin | 7.5% | 12.2% | -30.7% | 10.4% | 15.1% | 9.7% |
| Interest Expense | $18.35M | $16.73M | $11.49M | $2.43M | $1.53M | $2.42M |
| Interest Income | $49.58M | $46.31M | $40.87M | $16.12M | $13.43M | $13.18M |
| Other Income (Expense) | $496K | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $4.33M | $6.13M | -$11.77M | $1.8M | $2.23M | $1.4M |
| Income Tax Expense | $1.05M | $991K | -$909K | $250K | $363K | $145K |
| Net Income | $3.35M | $5.14M | -$10.86M | $1.55M | $1.87M | $1.25M |
| Net Income Margin | 6.5% | 10.3% | -28.3% | 8.9% | 12.7% | 8.7% |
| Supplementary Data | ||||||
| EPS | 0.45 | 0.61 | -1.59 | 0.16 | 0.20 | 0.13 |
| Diluted EPS | 0.45 | 0.61 | -1.59 | 0.16 | 0.20 | 0.13 |
| Weighted Average OS | 7.15M | 8.43M | 6.83M | 9.51M | 9.51M | 9.51M |
| EBITDA | $4.78M | $8.47M | -$9.6M | $2.2M | $2.63M | $1.85M |
| EBITDA Margin | 9.3% | 16.9% | -25.0% | 12.6% | 17.8% | 12.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $3.84M | $57.78M | $45.91M | $42.45M | $35.34M | $56.75M |
| Short-Term Investments | $0 | $237K | $25K | $36.1M | $47.88M | $47.13M |
| Cash and Short-Term Investments | $3.84M | $58.02M | $45.93M | $78.55M | $83.22M | $103.88M |
| Accounts Receivable | $904.67M | $3.07M | $2.69M | $1.19M | $1.07M | $1.04M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $908.51M | $61.09M | $48.63M | $79.74M | $84.29M | $104.92M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $7.56M | $8.1M | $7.73M | $3.56M | $3.44M | $3.51M |
| Goodwill | $25.54M | $26.71M | $20.42M | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $7.72M | $0 | $0 | $0 |
| Long-Term Investments | $1.1B | $938.81M | $888M | $533.44M | $527.46M | $500.05M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$1.1B | $49.7M | $48.34M | $34.75M | $33.44M | $30.88M |
| Total Long-Term Assets | $33.1M | $1.02B | $972.22M | $571.75M | $564.34M | $534.44M |
| Other Assets | $247.84M | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.19B | $1.08B | $1.02B | $651.49M | $648.63M | $639.36M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $0 | $223K | $149K | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $2.79M | $846.02M | $807.1M | $503.92M | $522.07M | $509.99M |
| Total Current Liabilities | $2.79M | $846.25M | $807.25M | $503.92M | $522.07M | $509.99M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $65M | $30M | $0 | $20M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $939.86M | $11.17M | $11.71M | $5.47M | $8.33M | $7.42M |
| Total Long-Term Liabilities | $1.01B | $44.38M | $14.11M | $25.48M | $8.33M | $7.42M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.01B | $890.63M | $821.36M | $529.4M | $530.4M | $517.41M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $79K | $89K | $95K | $0 | $0 | $0 |
| Retained Earnings | $122.26M | $120.5M | $116.2M | $127.1M | $125.55M | $123.67M |
| Comprehensive Income & Other | -$7.01M | -$1M | -$1.22M | -$5.01M | -$7.32M | -$1.73M |
| Other Stockholders' Equity | $59.46M | $73.19M | $83.18M | -$5.01M | -$7.32M | -$1.73M |
| Total Equity | $181.79M | $193.78M | $199.48M | $122.08M | $118.23M | $121.94M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.19B | $1.08B | $1.02B | $651.49M | $648.63M | $639.36M |
| Supplementary Data | ||||||
| Total Debt | $67.78M | $33.21M | $2.4M | $20.02M | $0 | $0 |
| Net Debt | $63.95M | -$24.57M | -$43.51M | -$22.43M | -$35.34M | -$56.75M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Operating Activities | ||||||
| Net Income | $3.35M | $5.14M | -$10.86M | $1.55M | $1.87M | $1.25M |
| Depreciation & Amortization | $947K | $2.34M | $2.17M | $394K | $395K | $452K |
| Deferred Income Tax | $0 | -$298K | -$1.4M | -$366K | $264K | -$6K |
| Stock-Based Compensation | $0 | $1.11M | $515K | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$406K | -$555K | -$292K | -$121K | -$29K | -$35K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $5.27M | $1.11M | $807K | $269K | -$1.97M | -$151K |
| Total Working Capital Change | $4.86M | $558K | $515K | $148K | -$2M | -$186K |
| Other Non-Cash Items | $1.54M | -$4.18M | $7.31M | $591K | $507K | $876K |
| Net Cash from Operating | $10.7M | $4.67M | -$1.74M | $2.32M | $1.03M | $2.39M |
| Investing Activities | ||||||
| Capital Expenditures | $0 | -$433K | -$1.1M | -$516K | -$327K | -$240K |
| Acquisitions | $0 | $0 | -$14.24M | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$894K | -$54.79M | -$154.83M |
| Sales of Investments | $0 | $14M | $64.19M | $32.39M | $48.47M | $63.76M |
| Other Investing Activities | -$95.58M | -$64.05M | -$37.09M | -$28.29M | -$28.26M | $19.36M |
| Net Cash from Investing | -$95.58M | -$50.48M | $11.75M | $2.69M | -$34.9M | -$71.95M |
| Financing Activities | ||||||
| Debt Repaid | - | - | - | -$20M | -$12.08M | - |
| Common Stock Issuance | $237K | $0 | $79.45M | $0 | $0 | $0 |
| Common Stock Repurchases | -$16.02M | -$11.32M | $0 | $0 | $0 | $0 |
| Dividends Paid | -$1.69M | -$444K | $0 | $0 | $0 | $0 |
| Other Financing Activities | $81.04M | $39.46M | -$66M | -$17.91M | $382K | $28.65M |
| Net Cash from Financing | $98.56M | $57.69M | -$6.55M | $2.09M | $12.46M | $28.65M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $13.68M | $11.87M | $3.46M | $7.11M | -$21.41M | -$40.91M |
| Supplementary Data | ||||||
| Operating Cash Flow | $10.7M | $4.67M | -$1.74M | $2.32M | $1.03M | $2.39M |
| Capital Expenditure | -$820K | -$433K | -$1.1M | -$516K | -$327K | -$240K |
| Free Cash Flow | $9.88M | $4.23M | -$2.84M | $1.8M | $708K | $2.15M |
| Cash at Beginning | $57.78M | $45.91M | $42.45M | $35.34M | $56.75M | $97.66M |
| Cash at End | $71.46M | $57.78M | $45.91M | $42.45M | $35.34M | $56.75M |