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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% | -147.3% |
| 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% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 13.25 | 14.96 | 26.88 | 33.32 |
| Operating Revenue | - | 13.25 | 14.96 | 26.88 | 33.32 |
| Selling General And Administration | - | 7.25 | 8.66 | 16.81 | 15.74 |
| Interest Income | - | 13.43 | 16.12 | 40.87 | 46.32 |
| Interest Expense | - | 1.54 | 2.43 | 11.50 | 16.73 |
| Net Interest Income | - | 11.90 | 13.69 | 29.37 | 29.58 |
| Pretax Income | - | 2.23 | 1.80 | -11.77 | 6.13 |
| Tax Provision | - | 0.36 | 0.25 | -0.91 | 0.99 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 1.87 | 1.55 | -10.86 | 5.14 |
| Net Income From Continuing And Discontinued Operation | - | 1.87 | 1.55 | -10.86 | 5.14 |
| Net Income From Continuing Operation Net Minority Interest | - | 1.87 | 1.55 | -10.86 | 5.14 |
| Net Income | - | 1.87 | 1.55 | -10.86 | 5.14 |
| Net Income Common Stockholders | - | 1.87 | 1.55 | -10.86 | 5.14 |
| Net Income Including Noncontrolling Interests | - | 1.87 | 1.55 | -10.86 | 5.14 |
| Normalized Income | - | 1.87 | 1.55 | -10.86 | 5.14 |
| Diluted NI Availto Com Stockholders | - | 1.87 | 1.55 | -10.86 | 5.14 |
| Basic Average Shares | 9.51 | 9.51 | 9.51 | 6.83 | - |
| Diluted Average Shares | 9.51 | 9.51 | 9.51 | 6.83 | - |
| Reconciled Depreciation | - | 0.40 | 0.39 | 2.17 | 2.34 |
| Gain On Sale Of Security | - | -0.01 | -0.11 | -4.46 | 0.01 |
| General And Administrative Expense | - | 6.98 | 8.46 | 16.50 | 15.35 |
| Salaries And Wages | - | 6.66 | 8.11 | 15.49 | 14.28 |
| Insurance And Claims | - | 0.32 | 0.35 | 1.01 | 1.07 |
| Selling And Marketing Expense | - | 0.27 | 0.20 | 0.30 | 0.38 |
| Occupancy And Equipment | - | 2.45 | 1.29 | 3.32 | 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 | $138M | 26.82↑ premium | 0.71 | 2.7% | - |
| MainStreet Bancshares, Inc. | MNSB | $166M | 12.33 | 0.76 | 6.2% | - |
| Westwood Holdings Group, Inc. | WHG | $161M | 22.75 | 1.28 | 5.6% | 15.34 |
| ECB Bancorp, Inc. | ECBK | $158M | 20.35 | 0.92 | 4.5% | - |
| Richmond Mutual Bancorporation, Inc. | RMBI | $142M |
| - |
| - |
| - |
| - |
| 12.27 |
| 0.97 |
| 7.9% |
| - |
| Finward Bancorp | FNWD | $142M | 17.50 | 0.81 | 4.6% | - |
| SB Financial Group, Inc. | SBFG | $139M | 9.92 | 0.98 | 9.9% | - |
| Patriot National Bancorp, Inc. | PNBK | $125M | -9.81 | 1.32 | -13.4% | - |
| Riverview Bancorp, Inc. | RVSB | $115M | 23.53 | 0.72 | 3.1% | - |
| Peer Median | - | 14.91 | 0.95 | 5.1% | 15.34 | |