SNNF
Seneca Bancorp, Inc.10.00
+0.01+0.05%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
18.38MP/E (TTM)
23.26Basic EPS (TTM)
0.43Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Seneca Bancorp posted Q3 net income of $185K, down from $328K y/y amid $80K loan loss provision and rising expenses from new Manlius branch, yet net interest income climbed 6.6% y/y to $2.2M on 10.7% higher interest income from loan and securities growth. Deposits swelled 13.1% q/q to $238.1M, fueling $12.4M loan expansion to $214.8M net, while cash hit $14.3M. FHLB advances ticked down to $40.6M. Operating cash flow strong at $8.0M YTD. Conversion to stock holding company completed October 15 for $10.4M gross proceeds. Non-GAAP metrics not disclosed in the 10-Q. Classified loans pose ongoing credit risk.
8-K
Conversion complete, $10.4M raised
Seneca Bancorp completed its mutual-to-stock conversion on October 15, 2025, selling 1,044,858 shares at $10.00 each for $10.4 million in gross proceeds. The Bank's federal savings charter switched to national association status. Shares begin OTCQX trading as SNNF on October 16. Public shareholders retain ownership percentages via 0.9684 exchange ratio.
8-K
Conversion closes October 15
Seneca Bancorp announced its mutual-to-stock conversion and related offering will close October 15, 2025, after securing all regulatory approvals. It expects to sell 1,044,858 shares at $10.00 each for $10.4 million gross proceeds, with trading under SNNF on OTCQX starting October 16. Existing public shareholders retain their ownership percentage via a 0.9684 exchange ratio. Delays remain a key risk.
8-K
Conversion plan approved
Seneca Financial MHC and Seneca Financial stockholders approved the plan to convert from mutual holding company to fully public stock holding company structure on September 30, 2025, with Seneca Savings shifting from federal savings bank to national bank. Closing awaits final regulatory approvals and customary conditions. Risks loom if approvals falter.
10-Q
Q2 FY2025 results
Seneca Bancorp posted a Q2 net loss of $196K versus $176K profit last year, as net interest income climbed 13% to $2.2M on 7.8% higher interest income from loan and securities growth, yet a $511K loan loss provision tied to one resolved commercial relationship flipped profitability. Deposits swelled 8.7% q/q to $228.8M, funding a 3.5% loan book expansion to $209.6M; cash hit $12.8M. FHLB advances ticked down to $40.6M. Assets crossed $299M. Special mention loans rose to $2.7M.
IPO
Employees
Sector
Industry
BSBK
Bogota Financial Corp.
8.16+0.02
FFBC
First Financial Bancorp.
26.58-0.40
GBNY
Generations Bancorp NY, Inc.
17.80+0.00
LCNB
LCNB Corporation
17.45-0.26
OFED
Oconee Federal Financial Corp.
14.77-0.46
PNBK
Patriot National Bancorp Inc.
1.72+0.06
SFCO
SOUTHERN FINANCIAL CORPORATION
9.55+0.00
SNV
Synovus Financial Corp.
52.54-0.34
TMP
Tompkins Financial Corporation
75.55+0.04
WSBK
Winchester Bancorp, Inc.
9.96+0.01