Seneca Bancorp, Inc. (SNNF) Form 10-Q — May 14, 2026
Seneca Bancorp, Inc. reported a net loss of $50,000 for the three months ended March 31, 2026, compared to net income of $148,000 in the same period last year. The decline in profitability was driven by higher non-interest expenses, particularly compensation and employee benefits, which rose to $3.35 million from $2.98 million year-over-year, partially offset by stable net interest income of $2.85 million. Total assets increased 1.2% to $315.9 million, primarily due to a $7.3 million growth in net loans, while total deposits grew 2.7% to $240.9 million.
Key figures
- Total Debt
- 0
- Total Assets
- 315862000
- Cash Position
- 7206000
- Total Loans
- 233334000
- Total Deposits
- 240900000
- Allowance For Credit Losses
- 2001000
- Provision For Credit Losses
- 120000
Price after filing
Close on the filing date to close N calendar days later (from $12.50). Historical, not a forecast.
AI analysis
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