Seneca Financial Corp
senecasavings.comWhat Do They Do?
Takes deposits and makes home and business loans for consumers and local businesses, and provides investment-management and financial-planning services to individuals and retirement-plan clients.
10-K for FY2025, filed Mar 30, 2026Our business consists primarily of taking deposits from the general public and, historically, investing those deposits, along with funds…View ↗
General. Our historical principal lending activity has been originating one- to four-family residential real estate loans, however, more…View ↗
The community banking segment provides financial services to consumers and businesses principally in the Greater Syracuse Area and Onondaga…View ↗
How Do They Make Money?
Borrowers and issuers pay interest under their loan and securities agreements. The bank also earns fees and commissions when it provides services or transactions occur.
10-K for FY2025, filed Mar 30, 2026The Company recognizes revenue in the consolidated statements of income as it is earned and when collectability is reasonably assured. The…View ↗
Our results of operations depend primarily on our net interest income, which is the difference between the interest income we earn on our…View ↗
The community banking segment provides financial services to consumers and businesses principally in the Greater Syracuse Area and Onondaga…View ↗
$14.6M
-
10-K for FY2025, filed Mar 30, 2026
$14.6M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Service fees
|
7.5% |
Service fees, FY2025
$134K Sources
|
|
Income from financial services
|
55% |
Income from financial services, FY2025
$969K Sources
|
|
Total card and insufficient funds income
|
38% |
Total card and insufficient funds income, FY2025
$674K Sources
|
Who Are Their Customers?
Consumers and local businesses use the bank for loans, deposit accounts and traditional banking services through its offices; individuals in Greater Syracuse also use its investment-management services.
10-K for FY2025, filed Mar 30, 2026
Do Revenues Turn Into Profits?
Yes. It kept 1 cent of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$30K.
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 12, 2026
$93KView ↗
- ▲ Now profitable
- vs −$196K in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 12, 2026
Open tableView ↗
-
Jun 4, 2026
CFO Vincent Fazio planned to retire and Angela Krezmer was appointed successor
Fazio planned to retire effective June 30, 2026; Krezmer was appointed CFO effective July 1, 2026.
Sources
8-K, filed Jun 4, 2026
On May 29, 2026, Vincent Fazio notified Seneca Bancorp, Inc. (the “Company”) and its bank subsidiary, Seneca Savings Bank, National…View ↗
Growing.
Revenue grew 9% in 1 year, from $13.4M in FY2024 to $14.6M in FY2025, about 9% a year.
10-K for FY2025, filed Mar 30, 2026
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