BOUND BROOK, N.J., Sept. 20, 2024 /PRNewswire/ -- SR Bancorp, Inc. (NASDAQ:SRBK), the holding company for Somerset Regal Bank, announced it has adopted a program to repurchase up to 950,793 shares of its common stock, which is approximately 10% of its outstanding common stock.  This is the Company's first stock repurchase program since completing its stock offering on September 19, 2023.  Shares may be repurchased in open market or private transactions, through block trades or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and

BOUND BROOK, N.J., July 30, 2024 /PRNewswire/ -- SR Bancorp, Inc. (the "Company") (NASDAQ:SRBK), the holding company for Somerset Regal Bank (the "Bank"), announced a net loss of $10.9 million for the year ended June 30, 2024 (unaudited), compared to net income of $1.6 million for the year ended June 30, 2023. One-time expenses incurred during the year included $4.4 million of merger-related expenses and a $4.2 million provision for credit losses, each of which was related to the acquisition of Regal Bancorp ("Regal Bancorp"), which is described in greater detail below, as well as a $5.4 million charitable contribution to establish the Somerset Regal Charitable Foundation. In addition, a $4.

BOUND BROOK, N.J., May 23, 2024 /PRNewswire/ -- SR BANCORP, INC. (the "Company") (NASDAQ:SRBK), the holding company for Somerset Regal Bank (the "Bank"), announced the completion of a balance sheet repositioning strategy related to its investment securities portfolio. The Company sold $35.4 million in book value of its lower-yielding investment securities for a pre-tax realized loss of approximately $4.4 million. These securities represented the vast majority of the Bank's available-for-sale portfolio. The Bank anticipates that the $30.9 million of proceeds from the sale of th

BOUND BROOK, N.J., April 30, 2024 /PRNewswire/ -- SR BANCORP, INC. (the "Company") (NASDAQ:SRBK), the holding company for Somerset Regal Bank (the "Bank"), announced net income of $1.1 million for the three months ended March 31, 2024 (unaudited), compared to net income of $1.6 million for the three months ended December 31, 2023 (unaudited). Excluding $1.4 million of net accretion income related to fair value adjustments, offset by $242,000 of costs related to the acquisition of Regal Bancorp and its wholly-owned subsidiary Regal Bank, which is described in greater detail below, net income would have been $258,000 for the three months ended March 31, 2024. Net income for the three months en

BOUND BROOK, N.J., Jan. 31, 2024 /PRNewswire/ -- SR BANCORP, INC. (the "Company") (NASDAQ:SRBK), the holding company for Somerset Regal Bank (the "Bank"), announced today net income of $1.6 million for the three months ended December 31, 2023 (unaudited), compared to a net loss of $10.5 million for the three months ended September 30, 2023 (unaudited). Excluding $32,000 of costs related to the acquisition of Regal Bancorp and its wholly-owned subsidiary Regal Bank, which is described in greater detail below, offset by $1.4 million of net accretion income related to fair value adjustments, net income would have been $605,000 for the three months ended December 31, 2023. Excluding $3.9 million

March 31, 2024 Highlights:Net income was $1.1 million for the three months ended March 31, 2024, compared to net income of $1.6 million for the three months ended December 31, 2023. Excluding $1.4 million of net accretion income related to fair value adjustments, offset by $242,000 of merger-related costs, net income would have been $258,000 for the three months ended March 31, 2024.Total assets were $1.05 billion, an increase of $401.3 million, or 61.6%, from $651.5 million at June 30, 2023.Net loans were $698.9 million, an increase of $336.6 million, or 92.9%, from $362.3 million at June 30, 2023.Total deposits were $838.0 million, an increase of $334.1 million, or 66.3%, from $503.9 milli

  Tuesday saw 132 companies set new 52-week lows. Facts of Interest About Today's 52-Week Lows: Corning (NYSE:GLW) was the largest, in terms of market cap, to set a new 52-week low. Wheeler Real Estate IT (NASDAQ:WHLR) was the smallest company when considering market cap to set a new 52-week low. Fortress Biotech (NASDAQ:FBIO) saw the largest move of the companies, as shares plummetted 1350.03% to hit a new 52-week low. Insulet (NASDAQ:PODD)'s stock made the biggest bounce back, actually moving up 0.0% shortly after hitting a new 52-week low. Here are all the stocks that set new 52-week lows on Tuesday: Corning (NYSE:GLW) shares were up 0.2% for the day, having made a 52-week lo

  On Tuesday, 386 stocks made new 52-week lows. Interesting Points From Today's 52-Week Lows: Diageo (NYSE:DEO) was the largest firm by market cap to set a new 52-week low. Neptune Wellness Solns (NASDAQ:NEPT) was the smallest company by market cap to set a new 52-week low. Vaccinex (NASDAQ:VCNX)'s stock came under the most pressure, trading down 1227.51% to reach a new 52-week low. Nouveau Monde Graphite (NYSE:NMG) shares were the most resilient of the group, as shares actually moved up 0.0% in response to hitting its 52-week low. Stocks dropping to new 52-week lows on Tuesday: Diageo (NYSE:DEO) stock broke to a new 52-week low of $151.08 on Tuesday. Shares of the company trade