SR Bancorp Reports 54.1% Increase in Third Quarter Net Income
SR Bancorp, Inc. (NASDAQ: SRBK) announced a significant rise in profitability for the third quarter ended September 30, 2026, reporting net income of $1.1 million. This represents a 54.1% increase compared to the $693,000 reported during the same period in 2025. The growth was driven largely by a 14.8% increase in interest income, fueled by higher average balances in interest-earning assets and improved yields on loans. The company's balance sheet showed steady expansion, with total assets reaching $1.22 billion, up 2.0% from the previous quarter. Net loans grew by 5.1% to $947.4 million, funded through a combination of increased deposits and cash reserves. While interest expenses also rose due to higher balances in interest-bearing liabilities, the overall increase in loan activity and yields bolstered the bottom line.
Topics: assets and loans banking financial results net income
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