Seneca Bancorp, Inc.: adopts stock repurchase program for 144,411 shares

What happened Seneca Bancorp, Inc. (the "Company") announced it has adopted a stock repurchase program under which the Company may repurchase up to 144,411 shares of its common stock, or approximately 8.0% of the current outstanding shares. The filing states repurchases are expected to commence after the Company publicly releases its results of operations at and for the three and nine months ended Sep 30, 2026.

Key details

• Repurchase authorization: up to 144,411 shares of common stock.
• Percentage of outstanding shares: approximately 8.0% of current outstanding shares.
• Timing: repurchases expected to begin after the Company publicly releases results for the three and nine months ended Sep 30, 2026.

Why it may matter This item was reported under Item 8.01, Other events, which covers other matters the company elects to disclose to the public; here it covers adoption of a stock repurchase program, the share limit, and the expected timing tied to the Company’s Sep 30, 2026 quarterly results. The filing does not show why the company acted.