US EditionSR BANCORP, INC. ANNOUNCES QUARTERLY FINANCIAL RESULTS
SR Bancorp's net income fell 49.3% to $693,000 in Q3 2025 amid loan growth and increased provisions for credit losses, with assets rising 2.4% to $1.11 billion.
- On Oct. 30, 2025, SR Bancorp, the holding company for Somerset Regal Bank, announced net income of $693,000 for the three months ended September 30, 2025, compared to $1.4 million last year.
- The Bank's loan portfolio grew after loans receivable rose $29.2 million to $826.4 million, funded primarily by deposits and a $5.0 million borrowing from the Federal Home Loan Bank of New York.
- Deposits increased to total deposits $869.6 million, while total assets rose to $1.11 billion and interest income grew to $11.9 million at September 30, 2025.
- Net interest margin fell to 3.05%, interest expense rose to $4.3 million, and the Bank set aside a provision for credit losses of $171,000 for the three months ended September 30, 2025.
- The company warned that the release included forward-looking statements under the Private Securities Litigation Reform Act and noted $168.2 million uninsured deposits, 19.3% of total deposits as of September 30, 2025.
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47 Articles
Johnson City Press
SR BANCORP, INC. ANNOUNCES QUARTERLY FINANCIAL RESULTS
BOUND BROOK, N.J., Oct. 30, 2025 /PRNewswire/ -- SR Bancorp, Inc. (the "Company") (NASDAQ: SRBK), the holding company for Somerset Regal Bank (the "Bank"), announced net income of $693,000 for the three months ended September 30, 2025 (unaudited), or $0.09…
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