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, Inc. (OTCQX: VTYB) reported a net income of $602,000, or $0.29 per share (diluted), for Q4 2022, with a full-year net income of $3.7 million, or $1.80 per share. The book value per common share rose to $13.29. Interest income increased by $2.7 million (16%) year-over-year, totaling $19.6 million, despite a drop in PPP fee income. Total net loans, excluding PPP, grew by 17.2% to $327.4 million. Additionally, the bank declared a $0.10 special cash dividend and a $0.065 cash dividend to shareholders. However, there was a decline in overall net income from 2021 and a rebalancing loss in investments of $586,000.
Victory Bancorp, Inc. (OTCQX: VTYB) declared a quarterly cash dividend of $0.0650 per share on January 18, 2023. This payment will be made on or about February 15, 2023, to stockholders of record by the close of business on January 31, 2023. The company operates The Victory Bank, which serves small and mid-sized businesses in Pennsylvania, boasting three locations in Montgomery and Berks Counties. Established in 2008, it specializes in high-quality banking services.
Victory Bancorp, Inc. (OTCQX: VTYB) announced a one-time special cash dividend of $0.10 per share, to be paid on or about December 23, 2022, for stockholders of record by December 10, 2022. Chairman and CEO Joseph Major highlighted the bank's strong financial position and confidence in future growth opportunities for 2023. The bank serves small to mid-sized businesses and professionals in Pennsylvania through its locations in Montgomery and Berks Counties.
The Victory Bancorp (OTCQX: VTYB) reported unaudited financial results for the quarter ended September 30, 2022. The company achieved a net income of $1.2 million, or approximately $0.56 per diluted share. Interest income increased by $825,000 year-over-year, boosting the net interest margin to 4.06%. Total assets reached $437 million, with deposits steady at $394 million and net loans up to $312 million. The company also announced a $0.065 per share cash dividend.
