SR BANCORP, INC. ANNOUNCES FINANCIAL RESULTS
SR Bancorp reported Q3 2026 net income of $1.1 million, up 54.1% from $693,000 a year earlier, or $0.15 per basic and diluted share versus $0.09. Loan growth was the quarter's engine: net loans rose 5.1% from June 30 to $947.4 million, funded by a 5.7% deposit increase to $979.2 million and a $50 million brokered CD raise that also paid down borrowings to $35 million. Asset quality remains pristine with zero non-performing loans and no charge-offs, while the efficiency ratio improved to 81.95% from 86.94%; tangible book value per share rose to $19.83.
Key figures
- Eps
- 0.15
- Revenue
- 0
- Net loans
- 947379000
- Net income
- 1068000
- Total assets
- 1216367000
- Net income yoy
- 54.1%
- Total deposits
- 979246000
- Efficiency ratio
- 81.95%
- Adjusted net income
- 1034000
- Net interest income
- 8302000
- Net interest margin
- 3.03%
- Non performing loans
- 0
- Net interest income yoy
- 9.3%
- Return on average assets
- 0.36%
- Tangible book value per share
- 19.83
AI analysis
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