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
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
8-K - SR Bancorp, Inc. (0001951276) (Filer)
11-K - SR Bancorp, Inc. (0001951276) (Filer)
NT 11-K - SR Bancorp, Inc. (0001951276) (Filer)
8-K - SR Bancorp, Inc. (0001951276) (Filer)
10-Q - SR Bancorp, Inc. (0001951276) (Filer)
8-K - SR Bancorp, Inc. (0001951276) (Filer)
8-K - SR Bancorp, Inc. (0001951276) (Filer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
4 - SR Bancorp, Inc. (0001951276) (Issuer)
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