SR Bancorp (SRBK) investor relations material

Executive summary

• Completed mutual-to-stock conversion and acquired Regal Bancorp, expanding market presence and capabilities in New Jersey; total assets reached $1.08 billion, deposits $846.0 million, and equity $193.8 million as of June 30, 2025.

• Net income for FY2025 was $5.1 million, a significant turnaround from a $10.9 million net loss in FY2024, driven by higher net interest income, lower noninterest expenses, and absence of prior year one-time charges.

• The company repurchased 936,991 shares for $11.3 million and paid $444,000 in dividends; regulatory capital ratios remain strong, with the bank classified as "well capitalized."

Financial highlights

• Net income increased to $5.1 million in FY2025 from a $10.9 million loss in FY2024; EPS was $0.61.

• Net interest income rose slightly to $29.6 million, while net interest margin decreased to 2.93% from 3.19% year-over-year.

• Loans receivable, net, grew 8.9% to $797.2 million, with residential mortgages and multi-family loans driving growth.

• Deposits increased 4.8% to $846.0 million; borrowings rose to $30.0 million.

• Allowance for credit losses was 0.67% of total loans, with no non-performing loans at year-end.

Outlook and guidance

• Focus on expanding commercial and SBA lending, leveraging increased capital and diversified loan portfolio post-merger.

• Plans to enhance technology offerings and grow core deposits, especially through commercial relationships.

• Management expects continued loan growth and stable asset quality, with ongoing investment in digital banking and operational efficiency.