SR Bancorp, Inc. SRBK
SR Bancorp, Inc. SR Bancorp, Inc. ("SR Bancorp" or the "Company") is a Maryland chartered company and the holding company for Somerset Regal Bank (the "Bank"). SR Bancorp's primary business activity is the ownership of the outstanding common stock of Somerset Regal Bank. SR Bancorp does not own or lease any property but instead uses the premises, equipment and other property of Somerset Regal Bank with the payment of appropriate rental fees, as required by applicable law and regulations, under the terms of an expense allocation agreement.
The Company became the holding company for Somerset Regal Bank as part of the mutual-to-stock conversion of Somerset Savings Bank, SLA as described below.
In the future, SR Bancorp may acquire or organize other entities or operating subsidiaries; however, there are no current plans, arrangements, agreements or understandings, written or oral, to do so.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Interest expense | $29.6M | $29.4M | $13.7M | $1.5M | — |
| Pre-tax income | $6.1M | -$11.8M | $1.8M | $2.2M | — |
| Income tax | $991.0K | $909.0K | $250.0K | $363.0K | — |
| Net income | $5.1M | -$10.9M | $1.6M | $1.9M | — |
| EPS, basic | 0.61 | -1.59 | — | — | — |
| EPS, diluted | 0.61 | -1.59 | — | — | — |
| Shares, diluted (wtd. avg.) | $8.4M | $6.8M | $0 | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $57.8M | $45.9M | $42.4M | $35.3M | $56.8M |
| Property, plant and equipment | $4.9M | $5.4M | $3.5M | $3.4M | — |
| Goodwill | $20.4M | $20.4M | $20.4M | — | — |
| Total assets | $1.08B | $1.02B | $651.5M | $648.6M | — |
| Short-term debt | $30.0M | $0 | $20.0M | — | — |
| Total liabilities | $890.6M | $821.4M | $529.4M | $530.4M | — |
| Retained earnings | $120.5M | $116.2M | $127.1M | $125.5M | — |
| Total equity | $193.8M | $199.5M | $122.1M | $118.2M | $121.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $4.7M | -$1.7M | $2.3M | $1.0M | — |
| Depreciation and amortisation | $910.0K | $799.0K | $413.0K | $395.0K | — |
| Stock-based compensation | $1.1M | $515.0K | — | — | — |
| Capital expenditure | $433.0K | $1.1M | $516.0K | $327.0K | — |
| Investing cash flow | -$50.5M | $11.8M | $2.7M | -$34.9M | — |
| Financing cash flow | $57.7M | -$6.6M | $2.1M | $12.5M | — |
| Dividends paid | $444.0K | — | — | — | — |
| Buybacks | $11.3M | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-223165.
Others in SIC 6036
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| FLG | FLAGSTAR BANK, NATIONAL ASSOCIATION | $5.61B | — | -25.0% |
| BBT | Beacon Financial Corp | $2.67B | 31.0x | 81.1% |
| HFWA | HERITAGE FINANCIAL CORP /WA/ | $1.20B | 14.9x | 1.5% |
| NBBK | NB Bancorp, Inc. | $1.01B | 17.3x | 14.8% |
| SMBC | SOUTHERN MISSOURI BANCORP, INC. | $817.0M | 14.3x | 11.7% |
| TCBX | Third Coast Bancshares, Inc. | $767.0M | 12.2x | — |
| GCBC | GREENE COUNTY BANCORP INC | $607.0M | 19.5x | 13.5% |
| HBCP | HOME BANCORP, INC. | $553.8M | 12.0x | 4.9% |