SR BANCORP, INC. ANNOUNCES PAYMENT OF INITIAL QUARTERLY CASH DIVIDEND OF $0.05 PER SHARE

Company Overview - SR Bancorp, Inc. is the holding company for Somerset Regal Bank, a full-service commercial bank located in Bound Brook, New Jersey, operating 14 branches across several counties [2] - As of December 31, 2024, Somerset Regal Bank reported total assets of $1.06 billion, net loans of $775.8 million, deposits of $824.1 million, and total equity of $198.1 million [2] Dividend Announcement - The Board of Directors of SR Bancorp, Inc. has declared an initial quarterly cash dividend of $0.05 per share [1] - This dividend will be paid on April 15, 2025, to stockholders of record as of March 31, 2025 [1] - The CEO of SR Bancorp, Inc. expressed satisfaction with the company's strong financial position, enabling the payment of the cash dividend [1]