SR Bancorp (SRBK) investor relations material

Executive summary

• Net income for Q4 2026 was $940,000 ($0.13 per share), down from $2.2 million ($0.28 per share) in Q4 2025; full-year net income was $3.4 million, down from $5.1 million year-over-year.

• Adjusted net income for Q4 2026 was $867,000, excluding $102,000 net accretion income; adjusted Q4 2025 net income was $412,000, excluding $1.5 million life insurance gains and $428,000 accretion income.

• Total assets grew 9.7% to $1.19 billion; net loans rose 13.0% to $901.2 million; deposits increased 9.5% to $926.4 million year-over-year.

Financial highlights

• Interest income for Q4 2026 increased 9.8% to $12.9 million; full-year interest income rose 7.0% to $49.6 million.

• Net interest income for Q4 2026 was $8.0 million, up 7.8% year-over-year; full-year net interest income was $31.2 million, up 5.6%.

• Noninterest income for Q4 2026 fell 73% to $548,000 due to absence of prior year’s $1.5 million life insurance gain; full-year noninterest income dropped to $2.2 million from $3.7 million.

• Noninterest expense for Q4 2026 increased 3.6% to $7.1 million; full-year noninterest expense rose 5.2% to $28.5 million, mainly from higher salaries and benefits.

• Provision for credit losses was $271,000 in Q4 2026 and $575,000 for the year, reflecting loan growth; no charge-offs or non-performing loans reported.

Outlook and guidance

• Management highlighted competitive pressures, interest rate environment, and economic conditions as key uncertainties.

• Forward-looking statements caution about risks from market competition, interest rates, inflation, and regulatory changes.