Victory - VTYB STOCK NEWS

The Victory Bancorp (OTCQX: VTYB) reported strong first-quarter results for 2022, showing a net income of $931,000 or $0.46 per diluted share. The book value per share increased to $12.92. Total assets rose by 5.9% to $458 million, with deposits climbing 13.2% to $411 million. A cash dividend of $0.05 per share was paid to shareholders. Credit quality remains stable, with a reduced provision for loan losses of $40,000, down from $73,000 last year.

The Victory Bank announced the promotion of Alexander Kroll to Chief Lending Officer, who previously served as President of the central region. With over 35 years of experience in the banking industry, Kroll will oversee the loan portfolio and work on the Bank's growth and profitability. Bank Leader, Joseph Major, expressed confidence in Kroll's capabilities. Established in 2008, The Victory Bank focuses on community banking and specialized lending services in Pennsylvania.

Victory Bancorp (VTYB), based in Limerick, PA, announced CEO Joseph Major will present at VirtualInvestorConferences.com on March 22, 2022, from 2:00 p.m. to 2:30 p.m. ET. This live event allows investors to engage in real-time Q&A. Key company highlights include record earnings of $0.66 per share, a book value increase to $12.92, and a $3.2 million rise in stockholders' equity since December 2020. The bank successfully managed substantial loan growth amid economic challenges, closing $100 million in PPP loans.

The Pennsylvania Bankers Association awarded the late Richard Graver, Chief Lending Officer of The Victory Bank, the 2021 William S. Latoff Advocacy Award. Graver was recognized for his dedication to advocating for the banking industry and his community involvement. He served as a PA Bankers officer and chaired the Government Relations Policy Committee. The award was accepted by Joe Major, CEO of The Victory Bank, during the PA Bankers 2021 Convention. This award honors the legacy of William S. Latoff, who significantly contributed to the banking sector.

Victory Bancorp, Inc. (OTCQX: VTYB) reported a record net income of $1.3 million or 66 cents per share for Q4 2021, marking a 35% increase over the previous year. For the full year, net income rose to $4.0 million, up 74% year-over-year, with a book value per share of $12.92. The bank declared a $0.05 cash dividend and a $0.10 special dividend. Deposits increased by $57.3 million to $394.3 million, while total assets grew 3.3% to $443.8 million.

Victory Bancorp, Inc. (OTCQX:VTYB) has declared a quarterly cash dividend of $0.05 per share, set to be paid on or about February 16, 2022. The dividend will benefit stockholders of record as of the close of business on February 1, 2022. Victory Bancorp operates The Victory Bank, a specialized business lender in Pennsylvania since 2008, focused on delivering high-quality banking services to small and mid-sized businesses.

Joseph W. Major of The Victory Bank has been elected to a four-year term on the Board of Directors of the Federal Home Loan Bank of Pittsburgh. This announcement follows his notable career as the founder and CEO of The Victory Bank, and former positions as President of Patriot Bank Corporation. The FHLBank plays a crucial role in providing liquidity and funding for housing and community development in its service areas, which include Delaware, Pennsylvania, and West Virginia.

The Victory Bancorp, Inc. (OTCQX:VTYB) has declared a special cash dividend of $0.10 per share, payable on December 14, 2021, to shareholders of record by November 29, 2021. Chairman Joseph Major stated that this decision reflects the bank's strong financial position and confidence in its future, despite challenges faced over the past two years. The Victory Bank, based in Pennsylvania, specializes in providing banking services to small and mid-sized businesses.