LIMERICK, PA — The Victory Bancorp, Inc. (OTCQX: VTYB), parent company of The Victory Bank, reported robust financial results for the second quarter of 2025, showcasing significant growth across key metrics and reinforcing the strength of its community-focused banking model.
For the quarter ending June 30, 2025, net income soared to $693,000, marking a 140% increase from $289,000 in the same period last year. Return on average equity climbed to 9.07%, more than double the 4.08% recorded in Q2 2024, while return on average assets rose to 0.59% from 0.25% year over year.
Deposit growth was a major driver of performance, bolstered by the successful launch of a new branch in Horsham earlier this year. Total deposits reached $426.4 million as of June 30, up by $41.8 million from the same time in 2024. This strong deposit base allowed the bank to fully eliminate its highest-cost borrowings, strengthening its balance sheet.
Book value per common share increased to $15.57, up from $14.28 a year ago and $14.84 at the end of 2024. Stockholders’ equity grew to $30.99 million, further solidifying the company’s capital position.
Credit quality remained a bright spot, with no nonperforming assets reported during the quarter and net charge-offs at -0.01%, indicating net recoveries. The allowance for credit losses to total loans stood at 0.88%, underscoring the bank’s prudent risk management approach.
Basic and diluted earnings per share were $0.35 and $0.34, respectively, up from $0.15 and $0.14 in Q2 2024.
“Victory Bancorp delivered an extraordinary second quarter in 2025, with net income soaring 140% compared to Q2 of 2024 — a remarkable milestone that highlights the strength and resilience of our financial performance,” said Joseph W. Major, Chairman and CEO. He credited the bank’s strong loan portfolio, disciplined cost controls, and focused deposit strategies for the performance surge.
The new Horsham branch, a strategic move into a growing market, is expected to further strengthen the bank’s community footprint and deepen relationships with businesses and individuals.
Looking ahead, Victory Bancorp remains focused on supporting client success, responsibly expanding its market presence, and delivering sustained shareholder value.
With record book value per share, strong credit metrics, and continued deposit growth, the bank is well positioned for continued momentum into the second half of the year.
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