{"id":828016,"date":"2025-03-20T08:39:12","date_gmt":"2025-03-20T12:39:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sr-bancorp-inc-announces-payment-of-initial-quarterly-cash-dividend-of-0-05-per-share\/"},"modified":"2025-03-20T08:39:12","modified_gmt":"2025-03-20T12:39:12","slug":"sr-bancorp-inc-announces-payment-of-initial-quarterly-cash-dividend-of-0-05-per-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sr-bancorp-inc-announces-payment-of-initial-quarterly-cash-dividend-of-0-05-per-share\/","title":{"rendered":"SR BANCORP, INC. ANNOUNCES PAYMENT OF INITIAL QUARTERLY CASH DIVIDEND OF $0.05 PER SHARE"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n BOUND BROOK, N.J.<\/span>
\n <\/span>, March 20, 2025<\/span><\/span> \/PRNewswire\/ — SR Bancorp, Inc. (NASDAQ: SRBK), the holding company for Somerset Regal Bank, announced that its Board of Directors has declared the payment of its initial quarterly cash dividend. The dividend of $0.05<\/span> per share will be paid on April 15, 2025<\/span> to stockholders of record as of March 31<\/span>, 2025.\u00a0<\/p>\n

\n

\n
\n \"(PRNewsfoto\/SR
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n William P. Taylor<\/span>, Chief Executive Officer of SR Bancorp, Inc said: “We are pleased to be in a strong financial position giving us the ability to pay a cash dividend.”<\/p>\n

\n About SR Bancorp, Inc.<\/b>\n <\/p>\n

SR Bancorp, Inc. is the holding company for Somerset Regal Bank, a full-service New Jersey<\/span> commercial bank headquartered in Bound Brook, New Jersey<\/span> that operates 14 branches in Essex<\/span>, Hunterdon<\/span>, Middlesex<\/span>, Morris<\/span>, Somerset<\/span> and Union<\/span> Counties, New Jersey<\/span>. At December 31, 2024<\/span>, Somerset Regal Bank had $1<\/span>.06\u00a0billion in total assets, $775<\/span>.8\u00a0million in net loans, $824<\/span>.1\u00a0million in deposits and total equity of $198<\/span>.1\u00a0million. Additional information about Somerset Regal Bank is available on its website,\u00a0www.somersetregalbank.com<\/a>.<\/p>\n

\n Forward Looking Statements<\/b>\n <\/p>\n

Certain statements contained herein are forward-looking statements within the meaning of Section\u00a027A of the Securities Act of 1933, as amended, and Section\u00a021E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements, which are based on certain current assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of the words “may,” “will,” “should,” “could,” “would,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target” and similar expressions. Forward-looking statements are based on current beliefs and expectations of management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, inflation, general economic conditions or conditions within the securities markets, our ability to successfully integrate acquired operations and realize the expected level of synergies and cost savings, real estate market values in the Bank’s lending area changes in the quality of our loan and security portfolios, increases in\u00a0non-performing\u00a0and classified loans, economic assumptions or changes in our methodology that may impact our allowance for credit losses calculation, changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio, the availability of\u00a0low-cost\u00a0funding, monetary and fiscal policies of the U.S. Government including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, a failure in or breach of the Company’s operational or security systems or infrastructure, including cyber attacks, the failure to maintain current technologies, failure to retain or attract employees and legislative, accounting and regulatory changes that could adversely affect the business in which the Company and the Bank are engaged. Our actual future results may be materially different from the results indicated by these forward-looking statements. Except as required by applicable law or regulation, we do not undertake, and we specifically disclaim any obligation, to release publicly the results of any revisions that may be made to any forward-looking statement.<\/p>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/sr-bancorp-inc-announces-payment-of-initial-quarterly-cash-dividend-of-0-05-per-share-302406725.html<\/a><\/p>\n

SOURCE SR Bancorp, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire BOUND BROOK, N.J. , March 20, 2025 \/PRNewswire\/ — SR Bancorp, Inc. (NASDAQ: SRBK), the holding company for Somerset Regal Bank, announced that its Board of Directors has declared the payment of its initial quarterly cash dividend. The dividend of $0.05 per share will be paid on April 15, 2025 to stockholders of record as of March 31, 2025.\u00a0 William P. Taylor, Chief Executive Officer of SR Bancorp, Inc said: “We are pleased to be in a strong financial position giving us the ability to pay a cash dividend.” About SR Bancorp, Inc. SR Bancorp, Inc. is the holding company for Somerset Regal Bank, a full-service New Jersey commercial bank headquartered in Bound Brook, New Jersey that operates … <\/p>\n

Continue reading “SR BANCORP, INC. ANNOUNCES PAYMENT OF INITIAL QUARTERLY CASH DIVIDEND OF $0.05 PER SHARE”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-828016","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSR BANCORP, INC. ANNOUNCES PAYMENT OF INITIAL QUARTERLY CASH DIVIDEND OF $0.05 PER SHARE - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sr-bancorp-inc-announces-payment-of-initial-quarterly-cash-dividend-of-0-05-per-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SR BANCORP, INC. 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