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

Issuer:     SR Bancorp, Inc. (SRBK)
CIK:        0001951276
Form:       8-K
Filed at:   2024-11-20T23:59:59+00:00
Accession:  0001193125-24-262414
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SR Bancorp Reports Financial Results at 2024 Annual Meeting, Highlights Growth and Stock Repurchase Program
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951276/000119312524262414/0001193125-24-262414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951276/000119312524262414/d873230d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-262414

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