other material
confidence medium
sentiment neutral
materiality 0.30
SR Bancorp Reports Financial Results at 2024 Annual Meeting, Highlights Growth and Stock Repurchase Program
SR Bancorp, Inc.
- As of Q1 FY2025, total assets reached $1.053B, net loans $767.7M, and deposits $819.4M.
- Core net income for Q1 FY2025 was $1.367M (core EPS $0.16), with core ROAA of 0.13%.
- Non-performing assets fell to just $9K, and the company had no net charge-offs since 2021.
- On Sep 19, 2024, SR Bancorp adopted a stock repurchase program authorizing up to 950,793 shares (10% of outstanding).
- Shareholders elected three directors (Mary E. Davey, Thomas Lupo, John W. Mooney) and approved the 2024 Equity Incentive Plan.