SR Bancorp FY26 net income falls 33.33% to $3.4 million
Bitget2026/09/25 20:02- SR Bancorp posted net income of $3.4 million, down 35.29% for fiscal 2026 versus fiscal 2025.
- Net interest income rose 5.6% to $31.2 million, while net interest margin widened 11 basis points to 3.04%.
- Provision for credit losses climbed to $575,000 from $133,000, while allowance for credit losses eased to 0.65% of loans.
- Noninterest income fell 40.7% to $2.2 million, primarily as fiscal 2025 included $1.49 million of life insurance proceeds.
- Total assets increased 9.7% to $1.19 billion and deposits grew 9.5% to $926.4 million, while equity declined 6.2% to $181.8 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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