Welcome to our dedicated page for Victory news (Ticker: VTYB), a resource for investors and traders seeking the latest updates and insights on Victory stock.
Victory Bancorp, Inc. (VTYB) provides specialized commercial banking services to Pennsylvania businesses and professionals through its subsidiary The Victory Bank. This news hub offers investors and stakeholders direct access to the company's official financial developments and strategic announcements.
Our curated collection features essential updates including quarterly earnings reports, regulatory filings, leadership changes, and partnership announcements. Users will find detailed information on loan portfolio performance, deposit growth initiatives, and risk management practices central to VTYB's operations.
This resource serves professionals requiring timely insights into the bank's market position within competitive regional banking. All content is sourced from verified corporate communications, maintaining strict editorial neutrality regarding investment decisions.
Bookmark this page for streamlined access to Victory Bancorp's financial trajectory, with new materials added as official announcements are released through proper channels.
Victory Bancorp (OTCQX:VTYB) has declared a quarterly cash dividend of $0.0650 per share. The dividend will be paid on or about June 14, 2024, to shareholders of record as of June 3, 2024. Victory Bancorp, headquartered in Limerick, Pennsylvania, is the parent company of The Victory Bank, which was established in 2008 and provides banking services to small and mid-sized businesses. The company's stock is traded on the OTCQX market under the symbol VTYB.
The Victory Bancorp, holding company for The Victory Bank, announced its first quarter 2024 results. Key highlights include a 14.3% rise in net loans to $378 million and a $1.1 million increase in net interest income. Deposits grew by $17.7 million, and total assets increased by $29.7 million to $450.1 million. The company maintained strong credit quality, with nonaccrual loans decreasing to $736 thousand and delinquencies dropping. The bank achieved a net income of $230 thousand ($0.11 per share) and paid a $0.065 per share dividend. The net interest margin was 3.08% for the quarter, and book value per share was $14.18. Despite challenging market conditions, Victory Bancorp remains well-capitalized and managed expenses effectively, achieving positive operating leverage.
The Victory Bancorp, Inc. welcomes Kenneth Lawrence, a seasoned leader, to its board of directors. Lawrence, Senior Vice President of Corporate Affairs at Highmark Blue Shield, brings vast experience from public service and corporate affairs. Victory Bancorp looks forward to his guidance and contributions to its strategic direction. Victory Bancorp, Inc. is traded under the symbol VTYB on the OTCQX market.
