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BOUND BROOK, N.J. - SR Bancorp, Inc. (NASDAQ: SRBK), the parent company of Somerset Regal Bank, has declared its first quarterly cash dividend since the company’s inception. The dividend, set at $0.05 per share, will be distributed on April 15, 2025, to shareholders of record as of March 31, 2025. The stock has shown strong momentum with a 20.84% return over the past year, despite a slight YTD decline of 3.61%.
The announcement reflects the company’s financial health and its ability to generate sufficient cash flow to return value to its shareholders. William P. Taylor, Chief Executive Officer of SR Bancorp, Inc., expressed satisfaction with the company’s strong financial position, which has enabled the initiation of a cash dividend payout to its investors. According to InvestingPro analysis, the company has demonstrated impressive revenue growth of 67.48% in the last twelve months, though current valuations suggest the stock may be trading above its Fair Value.
Somerset Regal Bank, the subsidiary of SR Bancorp, Inc., serves various counties in New Jersey and operates 14 branches. As of December 31, 2024, the bank reported total assets of $1.06 billion, net loans amounting to $775.8 million, deposits totaling $824.1 million, and total equity of $198.1 million. InvestingPro data reveals the company maintains a healthy debt-to-equity ratio of 0.16, with a market capitalization of approximately $100 million. Discover more insights and 5 additional ProTips with an InvestingPro subscription.
In line with regulatory requirements, SR Bancorp, Inc. also provided cautionary statements regarding forward-looking information. These statements are based on current assumptions and expectations, which are subject to risks and uncertainties that could cause actual results to differ materially. Factors that may impact future results include economic conditions, competitive pressures, changes in interest rates, and legislative or regulatory changes.
The company has disclaimed any obligation to update forward-looking statements to reflect events or circumstances that may arise after the date of the press release. This announcement is based on a press release statement from SR Bancorp, Inc.
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