SRBK earnings analysis
What we found in SRBK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
SR Bancorp reported a net income of $886,000, or $0.12 per share for Q3 2026, a notable increase from $537,000, or $0.06 per share in Q3 2025, marking a doubling of its EPS year-over-year. Despite a marginal revenue miss at $8.358 million compared to expectations of $8.5 million, net interest income and margins are on an upward trend, signaling a positive financial outlook.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Q3 EPS Up 100% YoY
- Earnings per share rose to $0.12 from $0.06 in Q3 2025.
- Sequential Revenue Stability
- Total revenue was $8.358 million, only slightly below the $8.5 million consensus.
- Increased Net Interest Income
- Net interest income increased to $7.813 million in Q3 2026.
- Growth in Loan Portfolio
- Net loans increased to $859.1 million as of March 31, 2026.
- Asset Growth
- Total assets increased to $1.143 billion.
- Improving Net Interest Margin
- The net interest margin improved to 3.00%.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Share Repurchase Impact
- Ongoing share buybacks have reduced total equity, potentially affecting future capital.
- Rising Credit Loss Provisions
- Provisions for credit losses have been rising, indicating potential risk exposure.
- Higher Effective Tax Rate
- The effective tax rate is anticipated to increase, impacting net income.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.12
What they said about what is next.
Management did not provide explicit forward guidance in this release.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing SRBK makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever