SRBK SR Bancorp, Inc.
Price Chart
Executive Summary
SR Bancorp reported Q3 FY2026 net income of $886,000 ($0.12 EPS), up 65% YoY from $537,000 ($0.06 EPS), driven by 8.8% net interest income growth and margin expansion. However, the $0.12 GAAP EPS missed the $0.10 consensus estimate by 20%, and nine-month net income declined 17.5% YoY to $2.4M, reflecting higher noninterest expense and provision costs.
Actionable Insight
The Q3 beat on YoY earnings is overshadowed by the YTD decline and the EPS miss vs consensus. Watch for expense trajectory — salaries grew 8.6% in Q3 and 14.5% YTD, pressuring margins. The aggressive share buyback ($12M YTD) supports TBV but signals limited organic reinvestment opportunities.
Key Facts
- Q3 net income $886,000 vs $537,000 YoY (+65.0%)
- GAAP EPS $0.12 vs consensus $0.10 (20% miss)
- Net interest income $7.8M, +8.8% YoY; NIM expanded 18bp to 3.00%
- Nine-month net income $2.4M, down 17.5% YoY from $2.9M
- Loans grew 7.8% to $859.1M; deposits up 5.7% to $894.3M
- Company repurchased 761,229 shares for $12.0M YTD
- No non-performing loans; credit quality remains pristine
Financial Impact
Net income up 65% YoY in Q3 but down 17.5% YTD; EPS $0.12 vs $0.10 consensus
Risk Factors
- Nine-month net income declining 17.5% YoY despite loan growth
- Noninterest expense growing faster than revenue (5.2% vs 5.4% NII growth YTD)
- Deposit costs rising (interest-bearing demand rate up 30bp to 1.93% YTD)
- Uninsured deposits at 18.4% of total deposits
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-013637 |
| Document: srbk20260225_8k.htm | 0001437749-26-013637 |
| Document: 0001437749-26-013637-index-headers.html | 0001437749-26-013637 |
| Document: 0001437749-26-013637-index.html | 0001437749-26-013637 |
| Document: 0001437749-26-013637.txt | 0001437749-26-013637 |
| 8-K Data (Synthetic) | 0001437749-26-013637 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Apr 28, 2026
6w ago
|
8-K
| $19.19 $18.82 | ▼ −1.93% | ▼ −7.98% | $18.96 (−1.20%) |
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Apr 24, 2026
7w ago
|
8-K
| $18.53 $18.29 | ▼ −1.30% | ▼ −5.32% | $18.96 (+2.32%) |
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Mar 3, 2026
14w ago
|
Insider Cluster
| $16.76 $16.88 | ▲ +0.71% | ▲ +5.11% | $18.96 (+13.12%) |
US Market Status
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