Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when SRBK files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsSR Bancorp Q4 net income falls 57% to $940K on lower noninterest income
Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read
Key Changes
-
high
Q4 FY2026 net income dropped 57% year-over-year to $940K ($0.13/share) from $2.2M ($0.28/share), driven by prior-year $1.5M life insurance gain; adjusted net income rose to $867K from $412K.
Exhibit 99.1 view on EDGAR → -
high
Full-year FY2026 net income declined 35% to $3.4M ($0.45/share) from $5.1M, reflecting prior-year one-time gains; adjusted net income improved to $2.8M from $1.6M on stronger core operations.
Exhibit 99.1 view on EDGAR → -
high
Net interest margin expanded 15 basis points to 3.05% in Q4 FY2026 from 2.90% in Q4 FY2025, with net interest rate spread widening 26 basis points to 2.59% as asset yields outpaced liability costs.
Exhibit 99.1 view on EDGAR → -
medium
Total assets grew 9.7% to $1.19B, driven by 13.0% net loan growth to $901.2M (residential mortgages and multi-family commercial) and 9.5% deposit growth to $926.4M, supplemented by $35M in FHLB borrowings.
Exhibit 99.1 view on EDGAR → -
medium
Repurchased 978,778 shares for $16.0M during FY2026, reducing shares outstanding from 8.9M to 7.9M and total equity by $12.0M to $181.8M.
Exhibit 99.1 view on EDGAR →
Summary
SR Bancorp reported fourth-quarter net income of $940,000 ($0.13 per share), down 57% from $2.2 million ($0.28 per share) in the prior-year quarter. The decline reflects a $1.5 million life insurance gain in Q4 FY2025 from a former employee's death. Stripping out one-time items, adjusted net income more than doubled to $867,000 from $412,000, signaling improved core profitability.
Full-year net income fell 35% to $3.4 million, but adjusted earnings rose 75% to $2.8 million as the bank benefited from margin expansion and balance-sheet growth. Net interest margin widened 15 basis points to 3.05% in the quarter, with the spread between asset yields and liability costs expanding 26 basis points to 2.59%.
The company grew net loans 13.0% to $901.2 million, funded by 9.5% deposit growth and $35 million in Federal Home Loan Bank borrowings. During the fiscal year, the bank repurchased 978,778 shares for $16.0 million, reducing shares outstanding by 11%. The combination of margin improvement, loan growth, and capital return demonstrates operational momentum despite the headline earnings decline driven by prior-year one-time gains.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
SR Bancorp reported first quarter 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On July 28, 2026, SR Bancorp, Inc., the holding company for Somerset Regal Bank, issued a press release reporting its financial results for the quarter and year ended June 30, 2026.
SR Bancorp disclosed financial results for the fourth quarter and full fiscal year ended June 30, 2026. The 8-K body does not provide specific figures; detailed results are in the attached press release (Exhibit 99.1).
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 29, 2026 · How we verify