In Q4 2023, SR Bancorp Inc (NASDAQ: SRBK) reported a revenue of $7,506,000, marking a year-over-year increase of 61.14%, although it saw a quarter-over-quarter decline of 38.28%. The bank has faced significant challenges, culminating in a net loss of $3,032,000 and an eye-watering net income decrease of 385.23% compared to the previous quarter. Despite the unfavorable net income outcome, the company has demonstrated operational resilience through strong gross profit margins. Management identified key operational adjustments and strategic initiatives aimed at navigating the current economic environment, including increased emphasis on loan products and cost management practices that could stabilize performance moving forward.