Login

SUFFOLK BANCORP

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2016 10-K, filed Mar 27, 2017. Its latest SEC filing is a 15-12B from Apr 13, 2017.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Offers commercial and retail banking services and loans to local residents, small businesses and middle-market clients.

How Did They Make Money?

FY2011 revenue

Who Were Their Customers?

Serves local residents, small businesses, middle-market clients and retail customers with commercial and retail banking services through its branches and loan production offices.

Did Revenues Turn Into Profits?

Not on paper. It lost $78K in FY2011, but brought in more cash than it spent: $25.1M of free cash flow.

Net income, FY2011
0% of revenue
▼ Now a loss vs FY2010 ($6.3M, 7%)
Free cash flow, FY2011
33% of revenue
▼ −23% vs FY2010 ($32.5M, 38%)

How Were They Changing?

Since the FY2016 annual report
  • Apr 3, 2017 Suffolk merged into People’s United People’s United survived the merger, and Suffolk shareholders became entitled to merger consideration.

Shrank. Revenue fell 13% in 2 years, from $87M in FY2009 to $75.5M in FY2011, about 7% a year.

Geographic reach The bank describes expansion westward into western Suffolk, Nassau and Queens, with loan offices in Long Island City, Garden City and Melville; the earlier report described Suffolk and adjacent Nassau and New York City as its lending area.

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support