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Get filing alertsSR Bancorp authorizes third stock buyback for up to 10% of shares outstanding
Filed May 21, 2026 · Period ending May 21, 2026 · ~1 min read
Key Changes
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Board approved repurchase of up to 801,320 shares (10% of outstanding stock), the company's third buyback program since its September 2023 mutual-to-stock conversion.
Exhibit 99.1 view on EDGAR → -
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Repurchases may occur through open market, private transactions, block trades, or Rule 10b5-1 plans, with timing dependent on market conditions and capital allocation priorities.
Exhibit 99.1 view on EDGAR →
Summary
SR Bancorp authorized its third stock repurchase program since converting from mutual to stock ownership in September 2023, allowing buybacks of up to 801,320 shares—10% of shares currently outstanding. The new program will begin after the company completes its second repurchase program, which has 22,176 shares remaining. For a small-cap bank stock, serial buyback authorizations signal management's view that shares trade below intrinsic value and that returning capital to shareholders is a better use of funds than organic growth or acquisitions.
The 10% authorization is meaningful relative to the float. Execution will depend on market conditions, stock price, and competing capital needs, with no obligation to complete the full authorization. Retail holders should watch whether management actually executes the buyback at current prices or lets the authorization sit unused.
Section-by-Section Diff
Event · Exhibit 99.1
Show 1 minor / wording change
Added in current filing · view on EDGAR →
Shares of the Company’s common stock may be repurchased pursuant to the program in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
The company may execute buybacks through open market purchases, private transactions, block trades, or Rule 10b5-1 trading plans. Timing and amounts will depend on stock availability, market conditions, trading price, alternative capital uses, and financial performance. The company has no obligation to repurchase any specific number of shares.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 19, 2026 · How we verify