SR Bancorp Q2 net income falls 36.5% to $1.0M; loans grow 6%, no non-performers

SR Bancorp, Inc.

2024-Q2 EPS reported $0.27

Q2 FY2025 net income $1.0M ($0.12 EPS), down from $1.6M YoY; adjusted net income $452K vs $605K.
Net interest margin compressed 68 bps to 2.88%; net interest income fell 19.7% to $7.2M.
Six-month net income $2.4M ($0.27 EPS) vs net loss $8.9M prior year; ex-items $1.1M vs $1.2M.
Loans grew 6.0% to $775.8M; deposits up 2.1% to $824.1M; no non-performing loans at Dec 31, 2024.
Repurchased 347K shares for $3.9M during six months; borrowed $30M from FHLB NY for liquidity.

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