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Seneca Financial

OTCPK:SNNF
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SNNF
OTCPK
$12M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Seneca Financial Corp. operates as the holding company for Seneca Federal Savings and Loan Association, a community-oriented savings and loan institution, which primarily accepts deposits from customers within its market area and invests those funds in residential mortgage loans. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • Seneca Financial has significant price volatility in the past 3 months.
SNNF Share Price and Events
7 Day Returns
-1.8%
OTCPK:SNNF
-14.6%
US Mortgage
-2.8%
US Market
1 Year Returns
-23.5%
OTCPK:SNNF
-37.4%
US Mortgage
-15.9%
US Market
SNNF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Seneca Financial (SNNF) -1.8% -26.1% -30% -23.5% - -
US Mortgage -14.6% -37.7% -42.5% -37.4% -34.5% -22.3%
US Market -2.8% -18.8% -24% -15.9% 2.8% 13.3%
1 Year Return vs Industry and Market
  • SNNF outperformed the Mortgage industry which returned -37.4% over the past year.
  • SNNF underperformed the Market in United States of America which returned -15.9% over the past year.
Price Volatility
SNNF
Industry
5yr Volatility vs Market

SNNF Value

 Is Seneca Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Seneca Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Seneca Financial.

OTCPK:SNNF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $10.01 * 3.4%
$0.34
Book Value of Equity per Share Median Book Value from the past 5 years. $10.01
Discount Rate (Cost of Equity) See below 10.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:SNNF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.625 (1 + (1- 21%) (271.57%))
1.646
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.65
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.646 * 5.44%)
10.7%

Discounted Cash Flow Calculation for OTCPK:SNNF using Excess Returns Model Model

The calculations below outline how an intrinsic value for Seneca Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:SNNF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.4% – 10.7%) * $10.01)
$-0.73
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.73 / (10.7% - 1.74%)
$-8.17
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $10.01 + $-8.17
$1.84
OTCPK:SNNF Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.84
Current discount Discount to share price of $6.58
= -1 x ($6.58 - $1.84) / $1.84
-258.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Seneca Financial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Seneca Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Seneca Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SNNF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.60
OTCPK:SNNF Share Price ** OTCPK (2020-03-30) in USD $6.58
United States of America Mortgage Industry PE Ratio Median Figure of 120 Publicly-Listed Mortgage Companies 10.16x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Seneca Financial.

OTCPK:SNNF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:SNNF Share Price ÷ EPS (both in USD)

= 6.58 ÷ 0.60

10.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Seneca Financial is overvalued based on earnings compared to the US Mortgage industry average.
  • Seneca Financial is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Seneca Financial's expected growth come at a high price?
Raw Data
OTCPK:SNNF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Mortgage Industry PEG Ratio Median Figure of 46 Publicly-Listed Mortgage Companies -0.15x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Seneca Financial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Seneca Financial's assets?
Raw Data
OTCPK:SNNF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $11.01
OTCPK:SNNF Share Price * OTCPK (2020-03-30) in USD $6.58
United States of America Mortgage Industry PB Ratio Median Figure of 132 Publicly-Listed Mortgage Companies 0.74x
United States of America Market PB Ratio Median Figure of 5,146 Publicly-Listed Companies 1.2x
OTCPK:SNNF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:SNNF Share Price ÷ Book Value per Share (both in USD)

= 6.58 ÷ 11.01

0.6x

* Primary Listing of Seneca Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Seneca Financial is good value based on assets compared to the US Mortgage industry average.
X
Value checks
We assess Seneca Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Seneca Financial has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SNNF Future Performance

 How is Seneca Financial expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Seneca Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.8%
Expected Mortgage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Seneca Financial expected to grow at an attractive rate?
  • Unable to compare Seneca Financial's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Seneca Financial's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Seneca Financial's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:SNNF Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 1.8%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:SNNF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SNNF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 7 1 1
2019-09-30 7 1 1
2019-06-30 7 1 1
2019-03-31 7 1 1
2018-12-31 6 0 1
2018-09-30 6 2 1
2018-06-30 6 2 1
2018-03-31 6 1 1
2017-12-31 6 2 1
2017-09-30 6 -2 1
2017-06-30 6 1 1
2017-03-31 5 1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Seneca Financial is high growth as no earnings estimate data is available.
  • Unable to determine if Seneca Financial is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:SNNF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Seneca Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SNNF Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.60
2019-09-30 0.62
2019-06-30 0.55
2019-03-31 0.48
2018-12-31 0.45
2018-09-30 0.33
2018-06-30 0.33
2018-03-31 0.28
2017-12-31 0.28
2017-09-30 0.30
2017-06-30
2017-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Seneca Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Seneca Financial's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Seneca Financial's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Seneca Financial's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Seneca Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Seneca Financial has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SNNF Past Performance

  How has Seneca Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Seneca Financial's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Seneca Financial has delivered over 20% year on year earnings growth in the past 5 years.
  • Seneca Financial's 1-year earnings growth exceeds its 5-year average (31.4% vs 26.6%)
  • Seneca Financial's earnings growth has exceeded the US Mortgage industry average in the past year (31.4% vs 10.9%).
Earnings and Revenue History
Seneca Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Seneca Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SNNF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 6.81 1.12 4.39
2019-09-30 6.75 1.16 4.31
2019-06-30 6.61 1.04 4.32
2019-03-31 6.51 0.91 4.26
2018-12-31 6.37 0.85 4.23
2018-09-30 6.26 0.63 4.16
2018-06-30 6.08 0.63 3.99
2018-03-31 5.91 0.53 3.96
2017-12-31 5.84 0.52 3.90
2017-09-30 5.67 0.60 3.70
2017-06-30 5.61 0.56 3.75
2017-03-31 5.49 0.60 3.65
2016-12-31 5.40 0.53 3.63
2015-12-31 5.20 0.40 3.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Seneca Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Seneca Financial used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Seneca Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Seneca Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Seneca Financial has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SNNF Health

 How is Seneca Financial's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Seneca Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Seneca Financial Company Filings, last reported 3 months ago.

OTCPK:SNNF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 21.07 32.90 3.09
2019-09-30 20.36 40.90 2.94
2019-06-30 20.13 33.85 3.73
2019-03-31 19.75 33.25 2.24
2018-12-31 19.41 28.35 3.47
2018-09-30 18.68 33.25 4.30
2018-06-30 18.52 29.75 3.43
2018-03-31 18.34 22.75 4.01
2017-12-31 18.40 24.50 4.38
2017-09-30 11.80 22.50 5.61
2017-06-30 11.47 21.50 2.40
2017-03-31 10.99 21.00 5.78
2016-12-31 10.78 28.00 1.76
2015-12-31 10.10 15.50 4.05
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Seneca Financial has an acceptable proportion of non-loan assets held.
  • Seneca Financial's liabilities are made up of primarily low risk sources of funding.
  • Loans at Seneca Financial are broadly funded by customer deposits.
  • Seneca Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Seneca Financial has a sufficient allowance for bad loans.
  • Seneca Financial has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Seneca Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Seneca Financial has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SNNF Dividends

 What is Seneca Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Seneca Financial dividends.
If you bought $2,000 of Seneca Financial shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Seneca Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Seneca Financial's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:SNNF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 5.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1936 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Seneca Financial has not reported any payouts.
  • Unable to verify if Seneca Financial's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Seneca Financial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Seneca Financial has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Seneca Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Seneca Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Seneca Financial has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SNNF Management

 What is the CEO of Seneca Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joseph Vitale
COMPENSATION $201,130
AGE 47
TENURE AS CEO 6.5 years
CEO Bio

Mr. Joseph G. Vitale serves as President, Chief Executive Officer and Director of Seneca Savings (MHC) (“Seneca”) since October 2013. Mr. Vitale has served as President, Chief Executive Officer and Director of Seneca Financial Corp. (MHC). Before joining Seneca in 2013, Mr. Vitale served as Executive Vice President and in other various senior management and employee positions at Savannah Bank, NA from 1996 until 2013. Mr. Vitale also served as a Credit Analyst at Cayuga Savings Bank from 1993 until 1996. Mr. Vitale is a 2012 Stonier School of Banking graduate and has received the Wharton Leadership Certificate in 2014.

CEO Compensation
  • Joseph's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Joseph's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Seneca Financial management team in years:

2.3
Average Tenure
  • The tenure for the Seneca Financial management team is about average.
Management Team

Joseph Vitale

TITLE
President
COMPENSATION
$201K
AGE
47
TENURE
6.5 yrs

Vince Fazio

TITLE
Executive VP
COMPENSATION
$132K
AGE
58
TENURE
6.7 yrs

Tom Mavretish

TITLE
VP & Controller
TENURE
2.2 yrs

Jamie Nastri

TITLE
Corporate Secretary

Angelo Testani

TITLE
Assistant Vice President Lending
TENURE
2.2 yrs

Rebecca Smith

TITLE
Assistant Vice President of Lending
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Seneca Financial board of directors in years:

3.3
Average Tenure
55
Average Age
  • The tenure for the Seneca Financial board of directors is about average.
Board of Directors

William Le Beau

TITLE
Chairman of the Board
COMPENSATION
$31K
AGE
70
TENURE
3.3 yrs

Joseph Vitale

TITLE
President
COMPENSATION
$201K
AGE
47
TENURE
3.3 yrs

Vince Fazio

TITLE
Executive VP
COMPENSATION
$132K
AGE
58
TENURE
2.9 yrs

James Hickey

TITLE
Independent Director
COMPENSATION
$24K
AGE
52
TENURE
3.3 yrs

Francis Marlowe

TITLE
Independent Director
COMPENSATION
$23K
AGE
71
TENURE
3.3 yrs

Robert Savicki

TITLE
Independent Director
COMPENSATION
$14K
AGE
42
TENURE
1.9 yrs

Mark Zames

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. May 19 Buy Joseph Vitale Individual 23. May 19 23. May 19 783 $8.60 $6,734
23. May 19 Buy Kenneth Major Individual 22. May 19 22. May 19 100 $8.60 $860
X
Management checks
We assess Seneca Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Seneca Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SNNF News

Simply Wall St News

SNNF Company Info

Description

Seneca Financial Corp. operates as the holding company for Seneca Federal Savings and Loan Association, a community-oriented savings and loan institution, which primarily accepts deposits from customers within its market area and invests those funds in residential mortgage loans. It provides demand, NOW, savings, money market, and certificate of deposit accounts; and one-to-four family first lien residential, residential construction, home equity loans and lines of credit, and commercial real estate mortgage loans, as well as commercial and industrial, and consumer loans. The company also offers asset management, financial planning, and investment advisory services; and sells various insurance and investment products through broker networks. It operates two branches in Liverpool and North Syracuse, New York. The company is headquartered in Baldwinsville, New York. Seneca Financial Corp. is a subsidiary of Seneca Financial MHC.

Details
Name: Seneca Financial Corp.
SNNF
Exchange: OTCPK
Founded:
$12,114,694
1,841,139
Website: http://www.senecasavings.com
Address: Seneca Financial Corp.
35 Oswego Street,
Baldwinsville,
New York, 13027,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK SNNF Common Stock Pink Sheets LLC US USD 12. Oct 2017
Number of employees
Current staff
Staff numbers
41
Seneca Financial employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 06:29
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2020/03/30
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.