Seneca Bancorp, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 13, 2026, reporting consolidated results for the three and nine months ended on that date.

Key Highlights

  • Total assets of $315.637 million at September 30, 2026, up from $312.114 million at December 31, 2025, according to the filing.
  • Net income of $86 thousand for the three months ended September 30, 2026, compared to $185 thousand in the same period of 2025, the company disclosed.
  • Net income per common share (basic and diluted) of $0.05 for Q3 2026, versus $0.11 for Q3 2025, as reported.
  • Net interest income rose to $2.643 million for Q3 2026, compared to $2.226 million for Q3 2025, according to the filing.
  • Total deposits increased to $244.479 million at September 30, 2026, from $234.426 million at December 31, 2025, the registrant reported.
  • 1,804,551 shares of common stock outstanding as of November 12, 2026, as stated on the cover page.
  • Net loss from continuing operations of $32 thousand for the nine months ended September 30, 2026, offset by $161 thousand net income from discontinued operations, per the filing.

Seneca Bancorp Reports Mixed Q3 2026 Results Amid Rising Noninterest Expenses

Seneca Bancorp, Inc., headquartered at 35 Oswego Street, Baldwinsville, New York, filed its quarterly report covering the period ended September 30, 2026. The company disclosed that its securities are not registered on any national exchange, with no trading symbol listed under Section 12(b) of the Act. Total assets grew to $315.637 million from $312.114 million at year-end 2025, driven in part by loan growth: net loans rose to $238.024 million from $226.030 million at December 31, 2025, the filing stated.

According to the filing, net interest income for the nine months ended September 30, 2026 was $7.695 million, compared to $6.585 million for the same period in 2025, reflecting higher loan interest income of $10.447 million versus $9.157 million. However, total noninterest expense for the nine-month period reached $8.429 million, up from $6.770 million in the prior-year period. The registrant attributed part of this increase to categories including compensation and employee benefits ($4.198 million versus $3.686 million), core processing ($1.447 million versus $1.146 million), and professional fees ($525 thousand versus $240 thousand). The quarter also included a $262 thousand impairment of long-lived assets charge with no comparable charge in Q3 2025.

The company reported a net loss from continuing operations of $32 thousand for the nine months ended September 30, 2026, compared to a net loss of $40 thousand in the same period of 2025. Net income from discontinued operations of $161 thousand for the nine-month period contributed to overall net income of $129 thousand, versus $137 thousand for the nine months ended September 30, 2025. Total stockholders' equity stood at $32.291 million at September 30, 2026, compared to $32.751 million at December 31, 2025, with accumulated other comprehensive loss widening to $4.389 million from $3.646 million, the filing disclosed.

What Was Disclosed

Seneca Bancorp filed a Form 10-Q for the quarter ended September 30, 2026, disclosing balance sheet growth in total assets and deposits, an increase in net interest income, and higher noninterest expenses that included a $262 thousand impairment charge, resulting in net income of $86 thousand for Q3 2026.