secwatch.observer — SEC 8-K summary
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Issuer:     SR Bancorp, Inc. (SRBK)
CIK:        0001951276
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000943374-24-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SR Bancorp posts Q2 net income of $1.6M vs $10.5M loss prior quarter
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- Net income of $1.6M for Dec 31, 2023 quarter, vs net loss of $10.5M in Sep 30, 2023 quarter.
- Total assets of $1.07B, up 65% from $651.5M at June 30, 2023, reflecting Regal Bank acquisition.
- Net loans $695.8M (+92.1%) and deposits $843.3M (+67.4%) vs June 30, 2023 levels.
- Net interest income of $9.0M (vs $4.1M); net interest margin improved to 3.56% from 2.41%.
- Adjusted net income $605,000 (excl merger costs & accretion) vs $586,000 prior quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951276/000094337424000035/0000943374-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951276/000094337424000035/form8k_013124.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer