The Q3 beat on YoY earnings is overshadowed by the YTD decline and the EPS miss vs consensus. Watch for expense trajectory — salaries grew 8.6% in Q3 and 14.5% YTD, pressuring margins. The aggressive share buyback ($12M YTD) supports TBV but signals limited organic reinvestment opportunities.
Price Chart
Executive Summary
SR Bancorp reported Q3 FY2026 net income of $886,000 ($0.12 EPS), up 65% YoY from $537,000 ($0.06 EPS), driven by 8.8% net interest income growth and margin expansion. However, the $0.12 GAAP EPS missed the $0.10 consensus estimate by 20%, and nine-month net income declined 17.5% YoY to $2.4M, reflecting higher noninterest expense and provision costs.
Key Financial Metrics
Key Facts
- Q3 net income $886,000 vs $537,000 YoY (+65.0%)
- GAAP EPS $0.12 vs consensus $0.10 (20% miss)
- Net interest income $7.8M, +8.8% YoY; NIM expanded 18bp to 3.00%
- Nine-month net income $2.4M, down 17.5% YoY from $2.9M
- Loans grew 7.8% to $859.1M; deposits up 5.7% to $894.3M
- Company repurchased 761,229 shares for $12.0M YTD
- No non-performing loans; credit quality remains pristine
Financial Impact
Net income up 65% YoY in Q3 but down 17.5% YTD; EPS $0.12 vs $0.10 consensus
Risk Factors
- Nine-month net income declining 17.5% YoY despite loan growth
- Noninterest expense growing faster than revenue (5.2% vs 5.4% NII growth YTD)
- Deposit costs rising (interest-bearing demand rate up 30bp to 1.93% YTD)
- Uninsured deposits at 18.4% of total deposits
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-013637 |
| Document: srbk20260225_8k.htm | 0001437749-26-013637 |
| Document: 0001437749-26-013637-index-headers.html | 0001437749-26-013637 |
| Document: 0001437749-26-013637-index.html | 0001437749-26-013637 |
| Document: 0001437749-26-013637.txt | 0001437749-26-013637 |
| 8-K Data (Synthetic) | 0001437749-26-013637 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | Press Release | $19.02 | awaiting T+60 | — | $19.03 (+0.08%) |
Oct 26, 2026 1d ago | 8-K | $19.02 | awaiting T+60 | — | $19.03 (+0.08%) |
Oct 19, 2026 8d ago | DEF 14A | $18.58 | awaiting T+60 | — | $19.03 (+2.42%) |
Sep 17, 2026 5w ago | Press Release | $19.56 | awaiting T+60 | — | $19.03 (−2.70%) |
Apr 28, 2026 26w ago | 8-K | $19.19 $19.09 | ▼ −0.52% | ▼ −4.63% | $19.03 (−0.83%) |
Apr 24, 2026 26w ago | 8-K | $18.53 $19.10 | ▲ +3.08% | ▼ −2.00% | $19.03 (+2.70%) |
Mar 3, 2026 34w ago | Insider Cluster | $16.76 $18.64 | ▲ +11.21% | ▲ +0.89% | $19.03 (+13.54%) |
US Market Status
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