SR BANCORP, INC. ANNOUNCES BALANCE SHEET REPOSITIONING
SR Bancorp(SRBK) Prnewswire·2024-05-24 05:55
BOUND BROOK, N.J., May 23, 2024 /PRNewswire/ -- SR BANCORP, INC. (the "Company") (NASDAQ: SRBK), the holding company for Somerset Regal Bank (the "Bank"), announced the completion of a balance sheet repositioning strategy related to its investment securities portfolio. The Company sold $35.4 million in book value of its lower-yielding investment securities for a pre-tax realized loss of approximately $4.4 million. These securities represented the vast majority of the Bank's available-for-sale portfolio. The ...