Brief: SR Bancorp Announces Balance Sheet Repositioning

SR Bancorp

23/05/2024 23:50

May 23 (Reuters) - SR Bancorp Inc  SRBK.O :
    * SR BANCORP, INC. ANNOUNCES BALANCE SHEET REPOSITIONING
    * SR BANCORP INC - REPOSITIONING IS PROJECTED TO BE
ACCRETIVE TO
EARNINGS, NET INTEREST MARGIN AND RETURN ON ASSETS IN FUTURE
PERIODS
    * SR BANCORP INC - SOLD $35.4 MILLION IN BOOK VALUE OF ITS
LOWER-YIELDING INVESTMENT SECURITIES FOR A PRE-TAX REALIZED LOSS
OF APPROXIMATELY $4.4 MILLION

Source text for Eikon:  ID:nPn9qmsTa 
Further company coverage:  SRBK.O 

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