SR Bancorp Reports Third-Quarter 2026 Net Income of $1.1 Million
Net income was $1.1 million, or $0.15 per basic and diluted share, versus $693,000, or $0.09 per share, a year earlier. Net interest income rose 9.3% to $8.3 million; the company used $50 million in brokered deposits to fund loan growth and repay borrowings.
SR Bancorp, Inc. reported net income of $1.1 million, or $0.15 per basic and diluted share, for the third quarter ended September 30, 2026, compared to $693,000, or $0.09 per share, in the same period of 2025. Net interest income rose 9.3% to $8.3 million, supported by loan growth and asset yield improvements. The company noted that it utilized $50 million in brokered deposits to fund loan growth and pay down outstanding borrowings.
Total equity increased slightly to $182.3 million during the quarter. The results reflect the company's ongoing post-acquisition growth strategy amid a high-interest-rate environment.