SR Bancorp Inc
ir.somersetsavings.comWhat Do They Do?
Takes deposits and makes residential, commercial real estate and business loans for individuals and small businesses in its New Jersey markets.
10-K for FY2026, filed Sep 25, 2026Our principal business is to acquire deposits from individuals and businesses in the communities surrounding our offices and to use these…View ↗
Somerset Regal Bank is a New Jersey-chartered commercial bank that operates from 14 branches in Essex, Hunterdon, Middlesex, Morris…View ↗
We offer a variety of loans, including residential, commercial real estate, multi-family, commercial and industrial and consumer loans.…View ↗
How Do They Make Money?
Earns interest on loans and investments while paying interest on deposits; it also collects monthly account-maintenance fees and transaction fees as services are provided or transactions occur.
10-K for FY2026, filed Sep 25, 2026Income. Our primary source of pre-tax income is net interest income. Net interest income is the difference between interest income, which…View ↗
A secondary source of income is noninterest income, which is revenue that we receive from providing products and services. The majority of…View ↗
Noninterest income is accounted for under ASC 606, Revenue from Contracts with Customers, and is discussed in greater detail below. Fees…View ↗
Monthly service charges - general service fees for monthly account maintenance. These fees are charged as earned within the monthly…View ↗
Account fees and charges - activity or transaction-based fees for deposit-related services including, but not limited to, account overdraft…View ↗
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10-K for FY2026, filed Sep 25, 2026
FY2026 revenue by product or service (Revenues from customers) ↗
$49.6M
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10-K for FY2026, filed Sep 25, 2026
$49.6M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Bank Servicing
|
88% |
Bank Servicing, FY2026
$906K Sources
|
|
Financial Service
|
12% |
Financial Service, FY2026
$123K Sources
|
Who Are Their Customers?
Individuals and small businesses in the bank’s New Jersey markets use its branches for deposit and loan products. Residential mortgages also come through mortgage brokers, which fund and sell loans to the bank.
10-K for FY2026, filed Sep 25, 2026
Do Revenues Turn Into Profits?
Yes. It kept 7 cents of every revenue dollar as net income in FY2026 and turned 20 cents into free cash flow.
How Are They Changing?
Commercial lending
The earlier report describes a residential-focused loan portfolio and plans to build commercial lending; the latest describes an expanded commercial loan portfolio and capabilities.
10-K for FY2023, filed Sep 28, 2023 10-K for FY2026, filed Sep 25, 2026We offer a variety of loans, including residential, commercial real estate, multi-family, commercial and industrial and consumer loans.…View ↗
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