The sequential reduction in borrowings from $65M to $35M and the use of brokered deposits to fund loan growth are positive for net interest margin trajectory. Monitor the mix shift toward brokered deposits (now 5.1% of total deposits) and the decline in noninterest-bearing deposits from 10.8% to 10.1% of total deposits, which could pressure funding costs if the trend continues.
Price Chart
Executive Summary
SR Bancorp reported Q1 FY2027 (September 30, 2026) net income of $1.1M ($0.15 per share), up 54.1% from $693K ($0.09) a year ago, driven by 9.3% net interest income growth and strong loan growth of 5.1% sequentially. No consensus estimates were available for comparison; the improvement is measured against the prior year's quarter.
Key Financial Metrics
Key Facts
- Net income increased 54.1% to $1.1 million for the three months ended September 30, 2026 from $693,000 a year ago
- Diluted EPS of $0.15 vs $0.09 in the prior year quarter
- Net interest income rose 9.3% to $8.3 million from $7.6 million
- Total assets grew 2.0% to $1.22 billion from $1.19 billion at June 30, 2026
- Net loans increased 5.1% to $947.4 million from $901.2 million at June 30, 2026
- Deposits grew 5.7% to $979.2 million from $926.4 million at June 30, 2026, including $50 million in brokered CDs
- Borrowings reduced to $35 million from $65 million at June 30, 2026
- Non-performing loans remained at zero; no charge-offs recorded
- Efficiency ratio improved to 81.95% from 86.94% a year ago
- Tangible book value per share increased to $19.83 from $19.08 a year ago
Financial Impact
Net income of $1.1M on $1.22B in assets; EPS of $0.15 vs $0.09 YoY; net interest income of $8.3M
Risk Factors
- Noninterest-bearing deposits declined to 10.1% of total deposits from 10.8% at June 30, 2026, indicating potential deposit cost pressure
- Uninsured deposits increased to 19.8% of total deposits from 18.4% at March 31, 2026
- Net interest margin narrowed 2 basis points to 3.03% from 3.05% a year ago
- Salaries and employee benefits expense increased 6.1% YoY, outpacing revenue growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-033517 |
| Document: srbk20260921c_8k.htm | 0001437749-26-033517 |
| Document: 0001437749-26-033517-index-headers.html | 0001437749-26-033517 |
| Document: 0001437749-26-033517-index.html | 0001437749-26-033517 |
| Document: 0001437749-26-033517.txt | 0001437749-26-033517 |
| 8-K Data (Synthetic) | 0001437749-26-033517 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | Press Release | $19.02 | awaiting T+60 | awaiting T+60 | $19.03 (+0.08%) |
Oct 26, 2026 1d ago | 8-K | $19.02 | awaiting T+60 | awaiting T+60 | $19.03 (+0.08%) |
Oct 19, 2026 8d ago | DEF 14A | $18.58 | awaiting T+60 | awaiting T+60 | $19.03 (+2.42%) |
Sep 17, 2026 5w ago | Press Release | $19.56 | awaiting T+60 | 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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