Business
SR BANCORP, INC. ANNOUNCES PAYMENT OF INITIAL QUARTERLY CASH DIVIDEND OF $0.05 PER SHARE
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.
About this update from Sr Bancorp, Inc.
[{"type":"text","content":"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.","length":341,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/SR Bancorp, Inc.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/SR Bancorp, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":108,"url":"https://media.zenfs.com/en/prnewswire.com/a7f0f1d4c44f57a8824dbf5f2c98f1e1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/oO_Ap4LALPOM.P.FEwpk1A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5MDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/a7f0f1d4c44f57a8824dbf5f2c98f1e1","width":400,"height":108}},"href":"https://mma.prnewswire.com/media/2331521/SR_Bancorp_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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."","length":177,"tagName":"p"},{"type":"text","content":"About SR Bancorp, Inc.","length":22,"tagName":"p"},{"type":"text","content":"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 14 branches in Essex, Hunterdon, Middlesex, Morris, Somerset and Union Counties, New Jersey. At December 31, 2024, Somerset Regal Bank had $1.06 billion in total assets, $775.8 million in net loans, $824.1 million in deposits and total equity of $198.1 million. Additional information about Somerset Regal Bank is available on its website, www.somersetregalbank.com.","length":553,"tagName":"p"},{"type":"text","content":"Forward Looking Statements","length":26,"tagName":"p"},{"type":"text","content":"Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E 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 Securi...