Q3 Net Income Jumps 54% to $1.1M as Loan and Deposit Growth Accelerates
SRBK sits 30% above its 52-week low of $14.6.
Summary
SR Bancorp earned $1.1 million, or $0.15 per diluted share, in the September 2026 quarter, up 54.1% year over year from $0.09. Net interest income rose 9% to $8.3 million while the net interest margin held at 3.03%, down just 2 basis points, so the improvement came from balance-sheet growth rather than pricing. Loans grew 5.1% quarter over quarter to $947.4 million and deposits rose 5.7% to $979.2 million, though $50 million of that was brokered CDs, which lifts funding costs. This follows the 8-K filed minutes earlier and the FY2026 10-K showing $3.4 million of full-year net income, so the quarter is running at a pace that would exceed the prior year. For a small-cap bank, a 54% earnings jump with flat margins is a real improvement, but the brokered-CD reliance is the soft spot to watch in the next quarterly report.
At the time of this announcement, SRBK was trading at $19.02 on NASDAQ in the Finance sector, with a market capitalization of approximately $136.4M. The 52-week trading range was $14.60 to $20.95. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.