LIMERICK, PA — The Victory Bancorp, Inc. (OTCQX: VTYB), the holding company for The Victory Bank, reported robust financial performance for the first quarter of 2025, showcasing continued growth in deposits, improved earnings, and solid credit quality.
Net income for the quarter reached $543,000, more than doubling the $230,000 reported during the same period in 2024. The return on average equity stood at 7.30%, up significantly from 3.29% last year, reflecting the company’s efficient operations.
Total deposits increased to $416.97 million as of March 31, 2025, a $35.19 million rise compared to the prior year. This deposit growth has allowed the company to pay off higher-cost borrowings entirely by the end of the quarter.
Book value per share rose to $15.25, up from $14.84 at year-end 2024, while stockholders’ equity climbed to $30.15 million, marking a steady increase from $27.94 million a year earlier. Credit quality indicators remained strong, with nonperforming assets at 0.00% and net charge-offs minimal at 0.01%.
“The first quarter of 2025 highlights the strength and resilience of our organization,” said Joseph W. Major, Chairman and CEO of The Victory Bancorp. “Despite economic headwinds, our dedicated team delivered strong results, with deposits rising by $35.19 million over the past year to $416.97 million, reflecting continued client confidence.”
Major also emphasized the firm’s disciplined approach to risk management and long-term growth strategy. “Net income more than doubled year-over-year to $543 thousand, supported by improved net interest income and disciplined expense management. Our book value per share rose to $15.25, and equity reached $30.15 million, reinforcing our solid financial foundation.”
Highlighting the bank’s expansion into Horsham, Major added, “Credit quality remains exceptional, with nonperforming assets at 0.00% and net charge-offs at 0.01%, outperforming historical norms and reflecting our prudent risk management. Looking ahead, we’re energized by our recent expansion into Horsham, and remain focused on long-term growth, delivering value to our shareholders, and supporting the communities we serve.”
The Victory Bancorp continues to demonstrate its resilience and commitment to delivering value to stakeholders, supported by its strong financial standing and strategic focus on growth.
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