SR Bancorp, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 12, 2026, reporting net income of $1.068 million for the three months ended September 30, 2026.

Key Highlights

  • Net income: $1.068 million for the three months ended September 30, 2026, up from $693 thousand in the same period of 2025.
  • Total assets: $1.216 billion as of September 30, 2026, compared to $1.192 billion as of June 30, 2026.
  • Net interest income: $8.302 million for the quarter, compared to $7.595 million in the prior-year period.
  • Loans receivable, net: $947.379 million as of September 30, 2026, up from $901.191 million as of June 30, 2026.
  • Basic and diluted earnings per share: $0.15 for the quarter, compared to $0.09 in the same quarter of 2025.
  • Cash dividend declared: $0.06 per share on common stock during the quarter.
  • Shares outstanding: 7,793,906 shares of common stock as of November 9, 2026.

SR Bancorp Reports Higher Earnings and Loan Growth for September 30, 2026 Quarter

According to the filing, SR Bancorp, Inc. (NASDAQ:SRBK) reported net income of $1.068 million for the three months ended September 30, 2026, an increase from $693 thousand reported for the same period in 2025. Total interest income rose to $13.698 million from $11.935 million in the prior-year quarter, driven primarily by growth in loan interest income, which reached $12.678 million versus $10.895 million a year earlier. Total interest expense increased to $5.396 million from $4.340 million, resulting in net interest income of $8.302 million compared to $7.595 million in the year-ago period.

The company disclosed that total assets grew to $1.216 billion as of September 30, 2026, from $1.192 billion as of June 30, 2026. Net loans receivable increased to $947.379 million from $901.191 million over the same period, with the allowance for credit losses standing at $6.116 million as of September 30, 2026. Total deposits rose to $979.246 million from $926.421 million, while borrowings declined to $35.000 million from $65.000 million. Total stockholders' equity was $182.317 million as of September 30, 2026, compared to $181.795 million as of June 30, 2026.

The filing reported total noninterest expense of $7.297 million for the quarter, up from $7.094 million in the prior-year period, with salaries and employee benefits representing the largest component at $4.088 million. Noninterest income totaled $602 thousand versus $565 thousand a year earlier. Income tax expense was $362 thousand, compared to $202 thousand in the same quarter of 2025. The company also disclosed a repurchase of 17,127 common shares during the quarter at a total cost of $331 thousand, and declared a cash dividend of $0.06 per share, totaling $436 thousand.

What Was Disclosed

SR Bancorp filed its unaudited quarterly financial statements for the period ended September 30, 2026, disclosing increased net income, higher net interest income, growth in net loans, an expansion in total assets, a common stock dividend of $0.06 per share, and a share repurchase of 17,127 shares during the quarter.