secwatch.observer — SEC 8-K summary
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Issuer:     SR Bancorp, Inc. (SRBK)
CIK:        0001951276
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001193125-24-189496
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SR Bancorp reports FY2024 net loss of $10.9M; Q4 net loss $3.0M on securities sale
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- FY2024 net loss of $10.9M vs net income of $1.6M prior year; includes $4.4M merger costs, $5.4M charitable donation, $4.4M securities loss.
- Q4 FY2024 net loss of $3.0M vs Q3 net income of $1.1M; loss driven by $4.4M loss on securities sale.
- Total assets $1.02B (+56.7% YoY); loans $731.9M (+102%) due to Regal Bancorp acquisition.
- Balance sheet repositioning sold $35.4M securities, loss recouped in ~3.27 years via loan yields.
- IPO and merger with Regal Bancorp completed Sep 2023; 9.5M shares outstanding, $86.9M net proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951276/000119312524189496/0001193125-24-189496-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951276/000119312524189496/d874615d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-189496

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