SR Bancorp sells $35.4M low-yield securities, expects $1.4M annual pre-tax earnings boost

SR Bancorp, Inc.

Sold $35.4M book value of lower-yielding AFS securities, realizing $4.4M pre-tax loss.
Proceeds of $30.9M to be redeployed into residential/commercial mortgages with ~465 bps spread pickup.
Expected annual pre-tax earnings increase of $1.4M; loss recouped in ~3.27 years.
Minimal impact on book value per share and shareholders' equity; bank remains well-capitalized.

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