secwatch.observer — SEC 8-K summary
======================================

Issuer:     SR Bancorp, Inc. (SRBK)
CIK:        0001951276
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0000943374-25-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951276/000094337425000038/0000943374-25-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951276/000094337425000038/form8k_013125.htm
  HTML page:      https://secwatch.observer/filing/0000943374-25-000038

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