---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-23-000387"
form_type: "8-K"
ticker: "SRBK"
cik: "0001951276"
company_name: "SR Bancorp, Inc."
filed_at: "2023-09-20T23:59:59+00:00"
generated_at: "2026-06-10T12:38:51.881000+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Somerset Savings Bank reports net income $1.6M; SR Bancorp stock offering and Regal merger set

## Summary
- Net income $1.6M for year ended June 30, 2023, down 17% from $1.9M; adjusted net income $2.0M excluding Regal acquisition costs.
- Total assets $651.5M (+0.4%), net loans $362.3M (+8.3%), deposits $503.9M (-3.5%).
- Net interest margin expanded 41 bps to 3.00%; borrowed $20M from Fed Bank Term Funding Program for liquidity.
- SR Bancorp expects to sell 9,055,172 shares at $10.00 each; trading on Nasdaq begins Sept 20 under 'SRBK'.
- Regal Bancorp merger to close promptly after conversion; each Regal share to receive $23.00 cash.

## SEC filing metadata
- accession: 0000943374-23-000387
- form_type: 8-K
- ticker: SRBK
- cik: 0001951276
- company_name: SR Bancorp, Inc.
- filed_at: 2023-09-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1951276/000094337423000387/0000943374-23-000387-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1951276/000094337423000387/form8k_092023er.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-23-000387
- JSON: https://secwatch.observer/filing/0000943374-23-000387.json
- Plain text: https://secwatch.observer/filing/0000943374-23-000387.txt

## Key facts
- Earnings Releases
  SR Bancorp, Inc. reported year ended June 30, 2023 results: net income $1.6 million.
  - Period: year ended June 30, 2023
  - Net income: $1.6 million
  - Result: reported results
  source text: SOMERSET SAVINGS BANK, SLA (the “Bank”), announced today net income of $1.6 million for the year ended June 30, 2023 (unaudited), compared to net income of $1.9 million for the year ended June 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1951276/000094337423000387/0000943374-23-000387-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.