SR Bancorp, Inc. Announces Adoption of its Second Stock Repurchase Program

Core Viewpoint - SR Bancorp, Inc. has authorized a stock repurchase program for up to 10% of its outstanding shares, totaling 886,137 shares, marking its second repurchase initiative since its mutual-to-stock conversion in September 2023 [1] Group 1: Stock Repurchase Program - The new repurchase program will commence after the completion of the first program, which has 13,802 shares remaining [2] - Repurchases may occur in open market or private transactions, block trades, or through trading plans compliant with SEC Rule 10b5-1 [2][3] - The timing and amount of repurchases will depend on factors such as stock availability, market conditions, trading price, alternative capital uses, and the Company's financial performance [3] Group 2: Company Overview - SR Bancorp, Inc. is the holding company for Somerset Regal Bank, a full-service commercial bank in New Jersey with 14 branches across several counties [4] - As of March 31, 2025, Somerset Regal Bank reported total assets of $1.07 billion, net loans of $780.8 million, deposits of $835.6 million, and total equity of $199.1 million [4]