SR Bancorp Announces New Stock Repurchase Program for Up to 10% of Outstanding Shares

SR Bancorp, Inc. has announced the adoption of its second stock repurchase program, allowing for the purchase of up to 10% of its outstanding shares, or 886,137 shares. The program is expected to commence after the completion of the company's first repurchase program, which has 13,802 shares remaining. The timing and amount of repurchases will depend on various factors, including market conditions and financial performance.

SR Bancorp, Inc. (NASDAQ: SRBK), the holding company for Somerset Regal Bank, has announced its second stock repurchase program. The company has authorized the purchase of up to 10% of its outstanding shares, totaling 886,137 shares. This follows the completion of the company's first repurchase program, which had 13,802 shares remaining [1][2].

The new program is expected to commence after the completion of the first repurchase program. The timing and amount of repurchases will be influenced by various factors, including market conditions, stock price, and alternative capital uses. The purchases will be conducted in accordance with SEC Rule 10b-18 requirements [1][2].

SR Bancorp, Inc. is the holding company for Somerset Regal Bank, a full-service New Jersey commercial bank headquartered in Bound Brook, New Jersey. As of March 31, 2025, Somerset Regal Bank had $1.07 billion in total assets, $780.8 million in net loans, $835.6 million in deposits, and total equity of $199.1 million [1][2].

SR Bancorp, Inc. emphasizes that the repurchase program is subject to market conditions and the availability of stock. The company is not obligated to repurchase any particular number of shares or any shares in any specific time period. The repurchases may be executed through open market transactions, private dealings, block trades, or via Rule 10b5-1 trading plans [1][2].

The company's forward-looking statements caution investors not to place undue reliance on any such statements. Actual results may differ materially from those set forth in the forward-looking statements due to numerous factors, including general economic conditions, changes in interest rates, increased competitive pressures, and the effects of inflation [1][2].

References:

[1] https://www.stocktitan.net/news/SRBK/sr-bancorp-inc-announces-adoption-of-its-second-stock-repurchase-4bktj8pgyfnh.html

[2] https://www.prnewswire.com/news-releases/sr-bancorp-inc-announces-adoption-of-its-second-stock-repurchase-program-302500523.html