SR Bancorp FY26 net income falls 33.33% to $3.4 million
SRBK•SR Bancorp reported fiscal 2026 net income of $3.4 million, down 35.29% from fiscal 2025. Net interest income rose 5.6% to $31.2 million, while total assets grew 9.7% to $1.19 billion.
1. Income and margin
SR Bancorp posted fiscal 2026 net income of $3.4 million, down 35.29% from fiscal 2025. Net interest income increased 5.6% to $31.2 million, and net interest margin widened 11 basis points to 3.04%.
2. Credit and balance sheet
The provision for credit losses rose to $575,000 from $133,000, while the allowance for credit losses eased to 0.65% of loans. Noninterest income fell 40.7% to $2.2 million, primarily because fiscal 2025 included $1.49 million of life insurance proceeds. Total assets grew 9.7% to $1.19 billion and deposits rose 9.5% to $926.4 million; equity declined 6.2% to $181.8 million.
