SR Bancorp September Quarter EPS $0.16, Up From $(10.03) Prior Year
Portfolio Pulse from Benzinga Newsdesk
SR Bancorp reported a significant improvement in its September quarter EPS, rising to $0.16 from a loss of $10.03 the previous year. Excluding net accretion income, net income was $627,000.
October 30, 2024 | 10:01 pm
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POSITIVE IMPACT
SR Bancorp's earnings per share (EPS) for the September quarter improved significantly to $0.16 from a loss of $10.03 the previous year. Excluding net accretion income, net income was $627,000.
The significant improvement in EPS from a large loss to a positive figure indicates a strong turnaround in SR Bancorp's financial performance. This is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100