Monitor the Q3 2026 earnings release for any commentary on capital deployment and the pace of repurchases. The program's discretionary nature means actual buyback activity may vary significantly.
Price Chart
Executive Summary
Seneca Bancorp announced the adoption of its first stock repurchase program since its October 2025 second step conversion, authorizing the buyback of up to 144,411 shares (approximately 8% of outstanding shares). Repurchases are expected to commence after the release of Q3 2026 results.
Key Facts
- Stock repurchase program authorized for up to 144,411 shares (approximately 8% of outstanding shares)
- First repurchase program since completing second step conversion and related stock offering in October 2025
- Repurchases expected to commence after public release of Q3 2026 results (three and nine months ended September 30, 2026)
- Repurchases may be made in open market or private transactions, block trades, or under a Rule 10b5-1 plan
- Program may be suspended, terminated, or modified at any time; company is not obligated to repurchase any specific number of shares
Financial Impact
Up to 8% of outstanding shares authorized for repurchase; no dollar amount or pricing disclosed
Risk Factors
- Company is not obligated to repurchase any shares; program may be suspended or terminated at any time
- No specific dollar amount or price range disclosed, limiting visibility into execution
- Small OTCQX-traded bank holding company with limited liquidity may constrain buyback execution
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000943374-26-000447 |
| Exhibit: exhibit99_1.htm | 0000943374-26-000447 |
| Document: 0000943374-26-000447-index-headers.html | 0000943374-26-000447 |
| Document: 0000943374-26-000447-index.html | 0000943374-26-000447 |
| Document: 0000943374-26-000447.txt | 0000943374-26-000447 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $13.28 | awaiting T+20 | — | $13.25 (−0.23%) |
Sep 8, 2026 6w ago | 8-K | $14.35 $13.40 | ▼ −6.62% | ▼ −8.82% | $13.25 (−7.67%) |
US Market Status
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