SR Bancorp Reports Fourth Quarter and Full-Year Financial Results for Fiscal Year Ending June 30, 2026
SR Bancorp Inc. (NASDAQ: SRBK) reported a net income of $940,000 for the three months ended June 30, 2026, compared to $2.2 million in the same period last year. The decline was partly attributed to adjustments from fair value changes and insurance gains excluded under non-GAAP measures. For the full fiscal year ending June 30, 2026, net income totaled $3.4 million versus $5.1 million for the prior year. The company's total assets grew by 9.7% to $1.19 billion as of June 30, 2026, driven primarily by a 13.0% increase in net loans and a 9.5% rise in deposits. The loan growth was supported by deposit increases and additional borrowings. Interest income rose due to higher average loan balances and yields but was partially offset by reduced interest from lower balances on interest-bearing deposits.
Topics: assets deposits financial performance loans net income