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Stock impact report

SR BANCORP, INC. ANNOUNCES FOURTH QUARTER AND ANNUAL FINANCIAL RESULTS (CORRECTED) [Yahoo! Finance]

SR Bancorp, Inc. - Common stock (SRBK) 
Company Research Source: Yahoo! Finance
holding company for Somerset Regal Bank (the "Bank"), issued a press release setting forth the financial results for the quarter and year ended June 30, 2025. This press release corrects certain information set forth in the original press release. Subsequent to the original press release, the Company recognized $1.5 million of gains from, and related interest on, life insurance proceeds from of the death of a former employee. In addition, the Company adjusted its allowance for credit losses with a revised calculation of the quantitative loss factor based on updated information related to historical loss factors of both Somerset Savings Bank, SLA and Regal Bank, resulting in an increase in the provision for credit losses of $157,000. Therefore, the revised earnings release reflects the following changes: (PRNewsfoto/SR Bancorp, Inc.) Three Months Ended June 30, 2025 Year Ended June 30, 2025 As Initially Reported As Corrected As Initially Reported As Corrected (D Show less Read more
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