SR BANCORP, INC. ANNOUNCES FINANCIAL RESULTS

BOUND BROOK, N.J., Oct. 26, 2026 /PRNewswire/ -- SR Bancorp, Inc. (the "Company") (NASDAQ: SRBK), the holding company for Somerset Regal Bank (the "Bank"), announced net income increased 54.1% to $1.1 million for the three months ended September 30, 2026, or $0.15 per basic and diluted share, compared to net income of $693,000 for the three months ended September 30, 2025, or $0.09 per basic and diluted share. Excluding $47,000 of net accretion income related to fair value adjustments resulting from the acquisition of Regal Bancorp in September 2023, net income would have been $1.0 million for the three months ended September 30, 2026. Excluding $303,000 of net accretion income related to fair value adjustments, net income would have been $475,000 for the three months ended September 30, 2025. See "Non-GAAP Financial Information" contained herein for additional information.

Total assets were $1.22 billion at September 30, 2026, an increase of $24.2 million, or 2.0%, from $1.19 billion at June 30, 2026. Net loans were $947.4 million, an increase of $46.2 million, or 5.1%, from $901.2 million at June 30, 2026. Cash and cash equivalents decreased $11.3 million, or 15.8%, to $60.2 million at September 30, 2026, from $71.5 million at June 30, 2026. The increases in loans were funded primarily through increased deposits, the use of cash and cash equivalents and the proceeds from the maturity of securities. Total deposits were $979.2 million, an increase of $52.8 million, or 5.7%, from $926.4 million at June 30, 2026.