SR Bancorp, Inc. 8-K

What Happened
SR Bancorp, Inc. (SRBK) announced on May 21, 2026 (via an 8‑K) that its board authorized a third stock repurchase program to buy up to 10% of the company’s outstanding common stock — equal to 801,320 shares. The new program is to be initiated upon completion of the company’s second repurchase program. A press release announcing the repurchase program is included as Exhibit 99.1 to the filing.

Key Details

• Authorized share repurchase: up to 10% of outstanding common stock = 801,320 shares.
• Program sequence: this is the third repurchase program and will begin after the second program is completed.
• Filing date and disclosure: 8‑K filed May 21, 2026; press release attached as Exhibit 99.1.
• The 8‑K did not include pro forma financial information or additional financial statements.

Why It Matters
Share repurchase authorizations give the company flexibility to reduce shares outstanding, which can support per‑share metrics (like earnings per share) and return capital to shareholders if repurchases are executed. Investors should note this is an authorization rather than a commitment to buy a specific dollar amount immediately — actual repurchases will depend on timing, market conditions and future board decisions. Review SR Bancorp’s subsequent announcements for details on execution, timing and amounts purchased.