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SR Bancorp, Inc. operates as the holding company for Somerset Regal Bank that provides retail and commercial banking services to individuals, businesses, and local municipalities in the communities of Essex, Hunterdon, Middlesex, Morris, Somerset, and Union counties in New Jersey. The company provides deposit instruments, including noninterest-bearing demand deposits, interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit; business checking accounts for small businesses; and bill payment services through its online banking system. It also offers loans comprising one- to four family-residential mortgage, commercial real estate, multi-family, commercial and industrial, consumer, home equity, unsecured personal, and rehabilitation loans; and lines of credit. In addition, the company is involved in the investment activities. SR Bancorp, Inc. was founded in 1887 and is based in Bound Brook, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $33M | - | $5M | $4M | 2.7% | 23.9% | - |
| 2024 | $27M | - | $-11M | $-3M | -5.4% | 79.7% | -799.3% |
| 2023 | $15M | - | $2M | $2M | 1.3% | 12.9% | -17.0% |
| 2022 | $13M | - | $2M | $1M | 1.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 13.25 | 14.96 | 26.88 | 33.31 |
| Pretax Income | 2.23 | 1.80 | -11.77 | 6.13 |
| Tax Provision | 0.36 | 0.25 | -0.91 | 0.99 |
| Net Income | 1.87 | 1.55 | -10.86 | 5.14 |
| Net Income Common Stockholders | 1.87 | 1.55 | -10.86 | 5.14 |
| Interest Expense | 1.53 | 2.43 | 11.49 | 16.73 |
| Interest Income | 13.43 | 16.12 | 40.87 | 46.31 |
| Selling General And Administration | 7.25 | 8.66 | 16.81 | 15.74 |
| Normalized Income | 1.87 | 1.55 | -10.86 | 5.14 |
| Basic EPS | 0.20 | 0.16 | -1.59 | 0.44 |
| Diluted EPS | 0.20 | 0.16 | -1.59 | 0.44 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.16 | 0.14 | 0.08 | 0.16 |
| Net Income From Continuing Operation Net Minority Interest | 1.87 | 1.55 | -10.86 | 5.14 |
| Reconciled Depreciation | 0.40 | 0.39 | 2.17 | 2.34 |
| Net Interest Income | 11.90 | 13.69 | 29.37 | 29.58 |
| Net Income From Continuing And Discontinued Operation | 1.87 | 1.55 | -10.86 | 5.14 |
| Diluted Average Shares | 9.51 | 9.51 | 6.83 | 0 |
| Basic Average Shares | 9.51 | 9.51 | 6.83 | 0 |
| Diluted NI Availto Com Stockholders | 1.87 | 1.55 | -10.86 | 5.14 |
| Net Income Including Noncontrolling Interests | 1.87 | 1.55 | -10.86 | 5.14 |
| Net Income Continuous Operations | 1.87 | 1.55 | -10.86 | 5.14 |
| Gain On Sale Of Security | -0.01 | -0.11 | -4.46 | 0.01 |
| Selling And Marketing Expense | 0.27 | 0.20 | 0.30 | 0.39 |
| General And Administrative Expense | 6.98 | 8.46 | 16.50 | 15.35 |
| Insurance And Claims | 0.32 | 0.35 | 1.01 | 1.07 |
| Salaries And Wages | 6.66 | 8.11 | 15.49 | 14.28 |
| Operating Revenue | 13.25 | 14.96 | 26.88 | 33.31 |
| Occupancy And Equipment | 2.45 | 1.29 | 3.31 | 3.44 |
| Professional Expense And Contract Services Expense | 0.41 | 1.03 | 2 | 1.85 |
| Other Non Interest Expense | 0.91 | 2.18 | 12.46 | 6.03 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SR Bancorp, Inc.this co. | SRBK | $144M | 33.09↑ premium | 0.77 | 2.7% | - |
| Finance of America Companies Inc. | FOA | $166M | 4.91 | 0.47 | 11.4% | - |
| SelectQuote, Inc. | SLQT | $163M | - | 0.45 | 8.3% | 14.41 |
| ECB Bancorp, Inc. | ECBK | $159M | 15.62 | 0.90 | 4.5% | - |
| Westwood Holdings Group, Inc. | WHG | $159M | 21.19 |
| 1.12 |
| 5.6% |
| 11.63 |
| Patriot National Bancorp, Inc. | PNBK | $153M | - | 1.49 | -13.4% | - |
| Richmond Mutual Bancorporation, Inc. | RMBI | $152M | 12.48 | 1.04 | 7.9% | - |
| Finward Bancorp | FNWD | $138M | 13.94 | 0.79 | 4.6% | - |
| SB Financial Group, Inc. | SBFG | $133M | 9.70 | 0.92 | 9.9% | - |
| Peer Median | - | 13.21 | 0.91 | 6.8% | 13.02 | |