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Vecta Inc   (SNNY)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 18
 Employees 15
 Revenues (TTM) (Millions $) 3
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 10
 Capital Exp. (TTM) (Millions $) 0

Vecta Inc

Sunnyside Bancorp, Inc. was incorporated in the State of Maryland in March 2013 for the purpose of becoming the savings and loan holding company for Sunnyside Federal Savings and Loan Association of Irvington (“Sunnyside Federal” or the “Bank”), upon consummation of the Bank’s mutual to stock conversion. The conversion was consummated in July 2013 at which time Sunnyside Bancorp became the registered savings and loan holding company of the Bank. To date, other than holding all of the issued and outstanding stock of Sunnyside Federal and making a loan to the Bank’s employee stock ownership plan, we have not engaged in any business.

Sunnyside Bancorp is a registered savings and loan holding company and is subject to comprehensive regulation and examination by the Board of Governors of the Federal Reserve System. Sunnyside Bancorp’s executive and administrative office is located at 56 Main Street, Irvington, New York 10533, and our telephone number at this address is (914) 591-8000.

Our current business strategy is to operate as a community bank dedicated to serving the needs of our consumer and business customers and emphasizing personalized and efficient customer service. Highlights of our current business strategy include:

growing our assets and liabilities by increasing our presence in the communities we serve and expanding our service delivery channels;

utilizing our management’s commercial banking experience by diversifying our lending operations to increase our emphasis on commercial and multi-family real estate lending, commercial lending including the implementation of a SBA lending program, and student loan originations;

maintaining our strong asset quality profile through conservative loan underwriting;

increasing our non-interest income through the origination and sale of one-to four-family residential real estate loans and the guaranteed-portion of SBA loans;

managing interest rate risk by emphasizing the origination of shorter-term loans for retention in our portfolio;

continuing to attract and retain customers in our market area and build our “core” deposits consisting of demand, NOW, savings and money market accounts; and

expanding our banking franchise as opportunities arise through de novo branching or a branch acquisition although we do not currently have any understandings or agreements to establish or acquire any new branch offices.

We intend to grow our commercial and multi-family real estate loan portfolio, subject to favorable market conditions, including the origination of SBA loans. To a lesser extent, we also offer commercial loans that are not real estate secured as well as student loans and home equity loans.

 



   Company Address: One World Trade Center New York 10007 NY
   Company Phone Number: 280-1000   Stock Exchange / Ticker: SNNY
   


Customers Net Income fell by SNNY's Customers Net Profit Margin fell to

-19.63 %

5.05 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BFIN   -2.72%    
BRKL   -0.99%    
FSFG   -2.15%    
BAC        0.21% 
C   -1.62%    
COF        1.78% 
• View Complete Report
   



Vecta Inc

Vecta Inc Improves Financial Performance, with Soaring Revenues and Reduced Losses in Q1 2023

Vecta Inc, the technology company specializing in software solutions for the financial sector, has reported a cumulative net loss of $-1 million for the 12 months ending in the first quarter of 2023. This has resulted in a negative return on assets of -0.73%. Despite this, Vecta Inc has noted an improvement in the first quarter of 2023 compared to the same period a year ago.
In the financial sector, 691 other companies recorded a higher return on assets than Vecta Inc, indicating that there is room for improvement. The total ranking has also deteriorated compared to the first quarter of 2022 to 2151.






 

Vecta Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Vecta Inc does not provide revenue guidance.

Earnings Outlook
Vecta Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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