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SR Bancorp EPS $0.12 Down From $0.18 YoY

Author: Benzinga Newsdesk | April 30, 2024 05:24pm

March 31, 2024 Highlights:

Net income was $1.1 million for the three months ended March 31, 2024, compared to net income of $1.6 million for the three months ended December 31, 2023. Excluding $1.4 million of net accretion income related to fair value adjustments, offset by $242,000 of merger-related costs, net income would have been $258,000 for the three months ended March 31, 2024.
Total assets were $1.05 billion, an increase of $401.3 million, or 61.6%, from $651.5 million at June 30, 2023.
Net loans were $698.9 million, an increase of $336.6 million, or 92.9%, from $362.3 million at June 30, 2023.
Total deposits were $838.0 million, an increase of $334.1 million, or 66.3%, from $503.9 million at June 30, 2023.
During the three months ended March 31, 2024, the Bank completed the data conversion of its core system, merging the legacy Regal Bank core system into its existing platform.

Posted In: SRBK