SR Bancorp, Inc. Overview
Pro stress-test →SR Bancorp is the holding company for Somerset Regal Bank, which provides retail and commercial banking services to individuals, businesses, and local municipalities in Essex, Hunterdon, Middlesex, Morris, Somerset, and Union counties in New Jersey. The company completed its mutual-to-stock conversion and related stock offering on September 19, 2023, transitioning from a mutual holding structure to public equity ownership.
Strategic Profile
Pro stress-test →In Q1 2026, the company reported net income of $886,000, or $0.12 per share, compared to $537,000 in Q1 2025. In May 2026, the company authorized its third stock repurchase program for up to 10% of outstanding shares, demonstrating management confidence and shareholder-friendly capital allocation. Christopher Pribula succeeded William P. Taylor as CEO effective January 1, 2026.
Competitive Landscape
Pro stress-test →SR Bancorp competes with regional and community banks serving New Jersey, including larger peers such as Valley National Bank, Investors Bancorp, and local credit unions. The company's focused geographic presence in six central and northern New Jersey counties provides some competitive insulation from larger statewide competitors, though limited scale constrains pricing power and product breadth.
Industry Context
SR Bancorp, Inc. operates in Community banking.
Key facts
Founded: N/A · Headquarters: Bound Brook, New Jersey, US · Employees: N/A · Revenue: $8.27M (Q1 2026) · Market cap: N/A