secwatch.observer — SEC 8-K summary
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Issuer:     SR Bancorp, Inc. (SRBK)
CIK:        0001951276
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-118946
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SR Bancorp posts Q1 profit of $1.4M vs year-ago loss; loans up 4.9%
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- Net income $1.4M ($0.16 EPS) compared to net loss of $10.5M in prior-year quarter.
- Net loans $767.7M, up 4.9% from June 30; total assets $1.05B, up 3.1%.
- Net interest income rose 83.2% to $7.6M; net interest margin expanded 80 bps to 3.21%.
- Credit loss recovery of $154K vs $4.2M provision last year; nonperforming loans only $9K.
- Repurchased 66,288 shares; borrowed $20M from FHLB to fund loan originations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951276/000095017024118946/0000950170-24-118946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951276/000095017024118946/srbk-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118946

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