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SR Bancorp(SRBK) - 2024 Q4 - Annual Results
SRBKSR Bancorp(SRBK)2024-07-31 11:39

Exhibit 99.1 SR BANCORP, INC. ANNOUNCES QUARTERLY AND ANNUAL FINANCIAL RESULTS For the three months ended June 30, 2024 (unaudited), the Company reported a net loss of 3.0million,comparedtonetincomeof3.0 million, compared to net income of 1.1 million for the three months ended March 31, 2024 (unaudited). Excluding 1.2millionofnetaccretionincomerelatedtofairvalueadjustments,offsetbya1.2 million of net accretion income related to fair value adjustments, offset by a 4.4 million loss on the sale of securities and an additional $260,000 of costs related to the acquisition of Regal Bancorp, net loss would ha ...