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) has declared a quarterly cash dividend of $0.0650 per share, set to be paid on or about September 12, 2022. The record date for shareholders is August 26, 2022. The company operates The Victory Bank, a Pennsylvania state-chartered commercial bank, serving small and mid-sized businesses.
Victory Bancorp, Inc. (VTYB) reported its unaudited financial results for the second quarter of 2022, achieving a net income of $1.0 million, equivalent to approximately $0.50 per diluted share. Stockholders' equity increased by $2.4 million, reaching a total of $25.8 million. The bank's total assets grew by 1.0% to $457 million, with deposits rising 2.4% to $414 million. A cash dividend of $0.065 per share was paid. Credit quality remained stable, with a reduced provision for loan losses of $94 thousand.
Victory Bancorp (OTCQX: VTYB) announced a quarterly cash dividend of $0.0650 per share, a rise from the previous quarter's $0.050. The dividend will be paid on June 14, 2022, to stockholders of record by May 27, 2022. Chief Executive Officer Joseph Major highlighted the bank's strong performance and commitment to customer service as key factors in this increase. The Victory Bank, headquartered in Limerick, Pennsylvania, focuses on delivering high-quality banking services to small and mid-sized businesses.
The Victory Bank has announced the promotion of Michael Senico to Senior Vice President, effective April 28, 2022. Senico has been with the bank since 2017 and specializes in structuring commercial loans. With over 23 years of experience in commercial banking and mortgage lending, he holds degrees in Business Administration and Accounting, along with a Banking Diploma. Chief Lending Officer Alex Kroll praised Senico's expertise and client service. The Victory Bank, established in 2008, focuses on community banking and specialized business lending.
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.
