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The Victory Bancorp, Inc.2025 Second Quarter Earnings

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Victory Bancorp (OTCQX:VTYB) reported strong Q2 2025 financial results, with net income surging to $693 thousand, a 140% increase from Q2 2024's $289 thousand. The bank demonstrated significant improvements in key metrics, with return on equity rising to 9.07% from 4.08% year-over-year.

Total deposits grew to $426.43 million, up $41.82 million from June 30, 2024, supported by the opening of a new branch in Horsham. Book value per share increased to $15.57, up from $14.28 year-over-year. Credit quality remained exceptional with zero nonperforming assets and net recoveries of 0.01%. Earnings per share reached $0.35 basic and $0.34 diluted, more than doubling from Q2 2024.

Victory Bancorp (OTCQX:VTYB) ha riportato solidi risultati finanziari nel secondo trimestre 2025, con un utile netto che è salito a 693 mila dollari, un aumento del 140% rispetto ai 289 mila dollari del secondo trimestre 2024. La banca ha mostrato miglioramenti significativi nei principali indicatori, con il ritorno sul capitale proprio che è passato al 9,07% dal 4,08% anno su anno.

I depositi totali sono cresciuti fino a 426,43 milioni di dollari, con un incremento di 41,82 milioni di dollari rispetto al 30 giugno 2024, sostenuti dall'apertura di una nuova filiale a Horsham. Il valore contabile per azione è aumentato a 15,57 dollari, rispetto ai 14,28 dollari dell'anno precedente. La qualità del credito è rimasta eccellente, con zero attività non performanti e recuperi netti dello 0,01%. L'utile per azione ha raggiunto 0,35 dollari base e 0,34 dollari diluiti, più che raddoppiando rispetto al secondo trimestre 2024.

Victory Bancorp (OTCQX:VTYB) reportó sólidos resultados financieros en el segundo trimestre de 2025, con un ingreso neto que ascendió a $693 mil, un aumento del 140% respecto a los $289 mil del segundo trimestre de 2024. El banco mostró mejoras significativas en métricas clave, con un retorno sobre el patrimonio que aumentó a 9.07% desde el 4.08% interanual.

Los depósitos totales crecieron hasta $426.43 millones, un incremento de $41.82 millones desde el 30 de junio de 2024, apoyado por la apertura de una nueva sucursal en Horsham. El valor contable por acción aumentó a $15.57, desde $14.28 año tras año. La calidad crediticia se mantuvo excepcional con cero activos no productivos y recuperaciones netas del 0.01%. Las ganancias por acción alcanzaron $0.35 básico y $0.34 diluido, más que duplicándose respecto al segundo trimestre de 2024.

Victory Bancorp (OTCQX:VTYB)� 2025� 2분기 강력� 재무 실적� 보고했으�, 순이익이 69� 3� 달러� 2024� 2분기� 28� 9� 달러 대� 140% 증가했습니다. 은행은 주요 지표에� 상당� 개선� 보였으며, 자기자본이익률은 전년 대� 9.07%� 상승했습니다.

� 예금은 4� 2,643� 달러� 증가했으�, 이는 2024� 6� 30� 대� 4,182� 달러 증가� 수치�, Horsham� � 지� 개설� 이를 뒷받침했습니�. 주당 장부 가치는 전년 대� 14.28달러에서 15.57달러� 상승했습니다. 신용 품질은 뛰어� 비수익성 자산� 없고 � 회수율은 0.01%� 기록했습니다. 주당 순이익은 기본 0.35달러, 희석 0.34달러� 2024� 2분기 대� � � 이상 증가했습니다.

Victory Bancorp (OTCQX:VTYB) a annoncé de solides résultats financiers pour le deuxième trimestre 2025, avec un bénéfice net en hausse à 693 000 dollars, soit une augmentation de 140 % par rapport aux 289 000 dollars du deuxième trimestre 2024. La banque a montré des améliorations significatives dans les indicateurs clés, avec un retour sur fonds propres passant à 9,07 % contre 4,08 % d'une année sur l'autre.

Les dépôts totaux ont augmenté pour atteindre 426,43 millions de dollars, en hausse de 41,82 millions de dollars depuis le 30 juin 2024, soutenus par l'ouverture d'une nouvelle agence à Horsham. La valeur comptable par action est passée à 15,57 dollars, contre 14,28 dollars un an plus tôt. La qualité du crédit est restée excellente avec zéro actif non performant et des recouvrements nets de 0,01 %. Le bénéfice par action a atteint 0,35 dollar de base et 0,34 dollar dilué, plus que doublé par rapport au deuxième trimestre 2024.

Victory Bancorp (OTCQX:VTYB) meldete starke Finanzergebnisse für das zweite Quartal 2025, mit einem Nettogewinn von 693.000 US-Dollar, was einem Anstieg von 140 % gegenüber 289.000 US-Dollar im zweiten Quartal 2024 entspricht. Die Bank zeigte deutliche Verbesserungen bei wichtigen Kennzahlen, wobei die Eigenkapitalrendite von 4,08 % auf 9,07 % im Jahresvergleich stieg.

Die Gesamteinlagen wuchsen auf 426,43 Millionen US-Dollar, ein Anstieg um 41,82 Millionen US-Dollar seit dem 30. Juni 2024, unterstützt durch die Eröffnung einer neuen Filiale in Horsham. Der Buchwert je Aktie stieg von 14,28 US-Dollar auf 15,57 US-Dollar. Die Kreditqualität blieb ausgezeichnet mit null notleidenden Krediten und Netto-Rückflüssen von 0,01 %. Das Ergebnis je Aktie erreichte 0,35 US-Dollar unverwässert und 0,34 US-Dollar verwässert, mehr als eine Verdoppelung gegenüber dem zweiten Quartal 2024.

Positive
  • Net income surged 140% year-over-year to $693 thousand
  • Return on equity more than doubled to 9.07% from 4.08% year-over-year
  • Total deposits increased by $41.82 million to $426.43 million
  • Credit quality excellence with zero nonperforming assets
  • Complete elimination of borrowings, reducing high-cost funding
  • Successful expansion with new Horsham branch opening
Negative
  • Allowance for credit losses to total loans decreased to 0.88% from 0.92% in December 2024
  • Interest expense remains high at $3,620 thousand despite deposit growth

LIMERICK, Pa., July 15, 2025 (GLOBE NEWSWIRE) -- The Victory Bancorp, Inc. (OTCQX: VTYB), the holding company for The Victory Bank, today announced financial results for the quarter ended June 30, 2025.

Financial Highlights for Second Quarter 2025
Net Consolidated Earnings:
Net income for the quarter ended June 30, 2025, surged to $693 thousand � a $404 thousand increase over the $289 thousand reported in Q2 2024. This substantial growth reflects the continued strength of our financial performance. Return on average equity climbed to 9.07%, up from 7.30% in the previous quarter and more than doubling the 4.08% reported a year ago. Return on average assets also improved significantly, rising to 0.59% from 0.25% in Q2 2024.
Deposit Growth:
The bank opened a new branch in spring 2025 in the Horsham market. This new location, along with targeted promotions tied to the opening, has contributed to the growth in deposits in Q2. Total deposits grew to $426.43 million as of June 30, 2025, an increase of $41.82 million from June 30, 2024. This deposit growth has supported strategic balance sheet expansion while enabling the Bank to fully eliminate its highest funding source, borrowings, as of Q2 2025.
Book Value:
Book value per common share rose to $15.57 as of June 30, 2025, compared to $14.84 at year-end 2024 and $14.28 as of June 30, 2024.
Stockholders� Equity:
Stockholders� equity increased to $30.99 million, up from $29.34 million at December 31, 2024, and $28.16 million a year ago. This growth continues to reinforce the company’s strong capital position.
Credit Quality and Loan Metrics:
Credit quality remained strong, with no nonperforming assets reported for the quarter and net charge-offs at -0.01%, indicating net recoveries. The allowance for credit losses to total loans stood at 0.88%, reflecting continued sound risk management practices.
Earnings per Share:
Basic and diluted earnings per common share were $0.35 and $0.34, respectively, for Q2 2025, compared to $0.15 basic and $0.14 diluted in Q2 2024.


Chairman and Bank Leader Joseph W. Major commented,

“Victory Bancorp delivered an extraordinary second quarter in 2025, with net income soaring 140% compared to Q2 of 2024 � a remarkable milestone that highlights the strength and resilience of our financial performance. This improvement was powered by disciplined cost control, strong loan portfolio health, and continued deposit growth. We remained focused on protecting our margin by carefully managing interest expense on new deposits and maintaining rigorous pricing discipline on new loans. Our book value per share climbed to a record high of $15.57, and return on equity exceeded 9%, signaling continued momentum and exceptional operational execution.�

“We continue to see the benefits of our community-focused relationship banking model and the dedication of our exceptional team. As we enter the second half of the year, we remain focused on supporting the financial success of our clients, expanding responsibly, and delivering sustained value to shareholders. The opening of our new Horsham branch further extends our footprint into a vibrant and growing market, positioning us to serve more businesses and individuals while deepening our community impact.�

Victory Bancorp, Inc. is traded on the OTCQX market under the symbol and is the parent company of The Victory Bank. The Bank, founded in 2008, is a Pennsylvania state-chartered commercial bank headquartered in Limerick Township, Montgomery County. It offers a full range of banking services, including checking and savings accounts, home equity lines of credit, and personal loans. In addition to traditional banking, the Bank specializes in high-quality business lending, serving small and mid-sized businesses and professionals. With four offices across Montgomery and Berks Counties, it is dedicated to meeting the financial needs of the local community. For more information, visit its website at . FDIC-Insured.

This presentation may contain forward-looking statements (within the meaning of Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products, and services.

Contact:
Joseph W. Major,
Chairman and Chief Executive Officer

Robert H. Schultz,
Chief Financial Officer, Chief Operating Officer

Owen Magers
Investor Relations
484-791-3435

The Victory Bancorp, Inc.
548 N. Lewis Rd.
Limerick, PA 19468

CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited)
(dollars in thousands, except per share data)
3 Months Ended
Jun 30,Dec 31,Jun 30,
Selected Financial Data202520242024
Investment securities$43,323$44,642$46,325
Loans, net of allowance for credit losses392,557390,954396,499
Total assets477,089461,024469,787
Deposits426,433397,080384,615
Borrowings015,44042,617
Subordinated debt17,34217,30912,843
Stockholders' equity$30,987$29,337$28,155
Book value per common share$15.57$14.84$14.28
Allowance/loans0.88%0.92%0.89%
Nonperforming assets/total assets0.00%0.05%0.01%
3 Months Ended
Jun 30,Dec 31,Jun 30,
Selected Operations Data202520242024
Interest income$7,149$7,281$7,200
Interest expense3,6203,8863,994
Net interest income3,5293,3953,206
Provision for loan losses(75)(32)110
Other income257299209
Other expense2,9803,0002,935
Income before income taxes881726370
Income taxes(188)(168)(81)
Net income$693$558$289
Earnings per common share (basic)$0.35$0.28$0.15
Earnings per common share (diluted)$0.34$0.28$0.14
Return on average assets (annualized)0.59%0.48%0.25%
Return on average equity (annualized)9.07%7.58%4.08%
Net charge-offs(recoveries)/average loans(0.01)%0.00%0.01%

FAQ

What were Victory Bancorp's (VTYB) Q2 2025 earnings per share?

Victory Bancorp reported $0.35 basic and $0.34 diluted earnings per share for Q2 2025, more than doubling from $0.15 basic and $0.14 diluted in Q2 2024.

How much did Victory Bancorp's (VTYB) deposits grow in Q2 2025?

Victory Bancorp's total deposits grew to $426.43 million as of June 30, 2025, representing an increase of $41.82 million from June 30, 2024.

What was Victory Bancorp's (VTYB) net income for Q2 2025?

Victory Bancorp reported net income of $693 thousand for Q2 2025, a significant increase of $404 thousand or 140% compared to $289 thousand in Q2 2024.

What is Victory Bancorp's (VTYB) book value per share as of Q2 2025?

Victory Bancorp's book value per share increased to $15.57 as of June 30, 2025, up from $14.84 at year-end 2024 and $14.28 as of June 30, 2024.

How did Victory Bancorp's (VTYB) credit quality perform in Q2 2025?

Victory Bancorp maintained strong credit quality with zero nonperforming assets and net recoveries of 0.01%, while maintaining an allowance for credit losses to total loans ratio of 0.88%.
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23.67M
Banks - Regional
Financial Services
United States
Limerick