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what it is
SR Bancorp is a small New Jersey bank that takes deposits and makes mortgages, business loans, and other local loans.
how it gets paid
Last year Sr Bancorp made $30M in revenue.
why it's growing
Revenue grew 0.7% last year. The miss was $0.02 per share. For a $139M micro-cap bank trading at 30.7x earnings.
what just happened
The latest consensus-referenced quarter printed $0.09 EPS, below the $0.11 estimate by $0.02.
At a glance
B+ balance sheet — decent shape, but not bulletproof
30.7x trailing p/e — you're paying up for this one
1.2% dividend yield — cash in your pocket every quarter
$0.61 fy2025 eps est
$6M fy2024 rev est
xvary composite: 70/100 — average
What they do
SR Bancorp is a small New Jersey bank that takes deposits and makes mortgages, business loans, and other local loans.
This is a local trust business. SR Bancorp has been around since 1887, serves six New Jersey counties, and employs 119 people, which matters when your town, business, or family already banks there. Long-term debt is $30M, or 18% of capital, so its funding base looks steadier than a tiny bank stretching for growth.
How they make money
$30M
annual revenue · their business grew +0.7% last year
total revenue
$30M
+0.7%
The products that matter
local lending and deposits
Somerset Regal Bank
$30.0M revenue base
it's the whole company. nearly all of the loan portfolio sits in New Jersey, so local credit conditions matter more here than broad national banking trends.
entire business
core spread income
Net interest income
$24.2M · +5.2%
this is the engine. it accounts for roughly four-fifths of revenue, which means deposit costs and loan yields drive almost everything you care about.
main earnings driver
fees and other banking income
Non-interest income
$5.8M · -15.9%
this smaller revenue stream declined from a year ago. that's a problem because it leaves the company even more dependent on old-fashioned spread banking.
thin support
Key numbers
30.7x
trailing p/e
P/E → price versus trailing profit → so what: you are paying a premium multiple for a bank with trailing EPS of just $0.54 and FY2024 EPS of -$1.59.
$30M
annual revenue
This is a very small bank. Against a roughly $139M market cap, you are paying about 4.6x annual revenue using EDGAR's $30M figure.
$30M
long-term debt
Debt is 18% of capital per VL, which gives SRBK a cleaner balance sheet than a tiny bank leaning hard on borrowings.
100/100
price stability
Deadpan fact: VL gives the stock perfect price stability even though FY2024 EPS was -$1.59. The share price has been calmer than the business.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 2 — safer than 80% of stocks
- price stability 100 / 100
- long-term debt $30M (18% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for SRBK right now.
source: institutional data · return history unavailable
What just happened
missed estimates
The latest consensus-referenced quarter printed $0.09 EPS, below the $0.11 estimate by $0.02.
There is a data mismatch you should not ignore. Yahoo consensus lists the last reported EPS at $0.09, while the EDGAR dataset here lists a latest-quarter EPS of $0.20 on $15M of revenue, which looks like a different reporting period.
$15M
revenue
$0.09
eps
+97%
revenue growth
the number that mattered
The miss was $0.02 per share. For a $139M micro-cap bank trading at 30.7x earnings, small misses matter because the valuation leaves little room for sloppiness.
source: company earnings report / consensus data, 2026
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What could go wrong
the top risk is new jersey loan concentration while earnings are already under pressure.
high
geographic concentration
Nearly all of the loan portfolio sits in New Jersey. If local credit quality weakens, you do not have a diversified book to absorb it.
one-state exposure touches the core asset base
med
valuation mismatch
The stock trades at 30.7x trailing earnings even after Q4 EPS missed estimates and Q3 net income fell 49.3%. If the earnings dip is not temporary, the multiple has room to compress.
premium valuation with limited room for another miss
med
management transition
William P. Taylor retired on jan 1, 2026 and Christopher Pribula is now running the bank. New leadership is not a thesis on its own, and it becomes more material when the operating trend is already soft.
execution risk during a reset quarter
med
thin revenue mix
Net interest income is $24.2M and non-interest income is only $5.8M after falling 15.9% from a year ago. That leaves you heavily dependent on traditional banking spreads.
less insulation if core lending economics weaken
When quarterly net income is $693k and the stock trades above a $16.00 published target, there is not much room for another stumble.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
quarterly profit needs to recover
The last disclosed quarterly net income was $693k versus $1.4M a year earlier. If that gap stays wide, the 30.7x multiple gets harder to defend.
calendar
first full quarter under the new CEO
The next earnings report, expected around late April 2026, is your first clean read on Christopher Pribula's opening quarter.
trend
core banking still does all the heavy lifting
Net interest income is $24.2M while fee income is $5.8M and falling. You want to see the smaller revenue stream stop shrinking.
risk
the stock already sits above the $16.00 target
Hovde Group's published target is below the current $16.57 share price. In plain English: the existing sell-side math does not leave much upside.
Analyst rankings
coverage
thin
There is only one published target in the supplied data: $16.00 from Hovde Group. In human-speak: Wall Street is not crowding into this name.
target vs. price
below market
The target is $16.00 versus a current price of $16.57. That's a rare case where the visible analyst number says the stock is already roughly where it should be.
takeaway
wait for proof
With earnings soft and coverage limited, the next quarter matters more than any rating label would.
source: institutional data
Institutional activity
institutional ownership data for SRBK is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$17
current price
n/a
target midpoint · n/a from current
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