Welcome to our dedicated page for Linkbancorp news (Ticker: LNKB), a resource for investors and traders seeking the latest updates and insights on Linkbancorp stock.
Linkbancorp, Inc. (LNKB) provides essential banking solutions through its subsidiary Linkbank, serving regional markets with personal and commercial financial services. This page aggregates official company announcements, regulatory filings, and market analyses to help stakeholders track LNKB’s strategic direction.
Key resources include earnings reports, merger and acquisition activity, leadership updates, and product launches. Users gain insights into the company’s treasury management innovations, loan portfolio trends, and community banking initiatives through verified press releases and third-party analyses.
Regular updates cover regulatory compliance milestones, branch network expansions, and partnerships impacting regional economic growth. Investors will find disclosures on capital management strategies and risk mitigation practices critical to assessing LNKB’s financial stability.
Bookmark this page for streamlined access to Linkbancorp’s evolving narrative in the competitive banking sector. Check back frequently for unfiltered updates directly affecting shareholder value and customer service advancements.
LINKBANCORP reported strong Q1 2025 performance with record net income of $15.3 million ($0.41 per diluted share), up from $7.6 million in Q4 2024. Key highlights include:
- Successful sale of New Jersey operations, resulting in $8.7 million after-tax gain
- Net interest margin expanded to 3.94% from 3.85% in Q4 2024
- Total deposits reached $2.43 billion, with 11.01% annualized growth after adjusting for branch sale
- Tangible book value per share increased 8.2% to $5.80
- Strong liquidity position with cash and equivalents up to $220.2 million
The bank maintains robust capital ratios, with Total Capital Ratio at 12.61% and Tier 1 Capital Ratio at 11.71%. The Board declared a quarterly cash dividend of $0.075 per share, payable June 16, 2025. Asset quality metrics show non-performing assets at 0.91% of total assets, with a loan loss allowance coverage ratio of 102.22%.
LINKBANCORP (NASDAQ: LNKB) has completed the sale of its New Jersey banking operations to American Heritage Federal Credit Union. The transaction, finalized on March 31, 2025, includes:
- Transfer of 3 branch locations
- $87 million in deposits (sold at 7% premium)
- $105 million in loans (sold at par value)
The deal is expected to generate an estimated $8.5 million after-tax gain for LINKBANCORP, net of transaction costs. The divested branches were originally acquired through the Partners Bancorp merger in November 2023. According to CEO Andrew Samuel, this strategic move aims to reallocate capital to core markets in Pennsylvania, Maryland, and Virginia while improving operational efficiencies.
LINKBANCORP (NASDAQ: LNKB) has secured all regulatory approvals for the sale of its New Jersey operations to American Heritage Federal Credit Union. The transaction, set to close on March 31, 2025, includes three branches along with their associated loans, deposits, and fixed assets. These assets were originally acquired through LINK's merger with Partners Bancorp in November 2023.
The sale to the Philadelphia-headquartered credit union remains subject to customary closing conditions. This move represents a strategic divestment of assets acquired during LINK's recent expansion.
LINKBANCORP (NASDAQ: LNKB) reported record Q4 2024 net income of $7.6 million ($0.20 per diluted share), up from $7.1 million in Q3 2024. Full-year 2024 net income reached $26.2 million ($0.71 per diluted share). The company declared a quarterly dividend of $0.075 per share, payable March 14, 2025.
Key Q4 highlights include: net interest margin expansion to 3.85%, total deposits growth to $2.36 billion (7.36% YoY), and total loans increase to $2.26 billion (5.99% YoY). The efficiency ratio improved to 65.04% from 66.71% in Q3. The company's pending sale of New Jersey branches to American Heritage Federal Credit Union is expected to close in Q1 2025.
Asset quality remained stable with non-performing assets at 0.60% of total assets. The allowance for credit losses-loans was $26.4 million, representing 1.17% of total loans held for investment.
LINKBANCORP reported record net income of $7.1 million ($0.19 per diluted share) for Q3 2024, up from $5.8 million in Q2 2024. Total deposits increased by $9.3 billion to $2.47 billion, with strong growth in demand deposits ($54.5 million) and retail time deposits ($21.4 million). Net interest income reached $25.0 million, with a 3.82% net interest margin. The company's total assets stood at $2.88 billion, with non-performing assets at $17.4 million (0.60% of total assets). The planned sale of New Jersey branches is expected to close in Q4 2024 or Q1 2025.
LINKBANCORP (NASDAQ: LNKB) reported net income of $5.8 million, or $0.16 per diluted share, for Q2 2024. Adjusted earnings were $6.3 million, or $0.17 per diluted share, excluding expenses related to branch sales and consolidations. Key highlights include:
- Total loans increased by $63.6 million (11.4% annualized) to $2.31 billion
- Total deposits grew by $71.3 million (12.0% annualized) to $2.46 billion
- Noninterest expense decreased by $350,000 to $18.9 million
- Net interest income was $24.5 million, with a net interest margin of 3.83%
- Non-performing assets were 0.37% of total assets
- Allowance for credit losses-loans was 1.20% of total loans held for investment
The company announced the sale of its New Jersey banking operations, expected to close in H2 2024. LINKBANCORP continues to focus on improving profitability and customer experience.
LINKBANCORP, Inc. (NASDAQ: LNKB) announced the sale of its New Jersey operations to American Heritage Federal Credit Union, involving $105 million in deposits and $123 million in loans. The transaction aims to reallocate capital towards core markets and accelerate growth in other regions. Expected to close in the second half of 2024, subject to regulatory approvals.
LINKBANCORP has appointed Catherine Eisel as Chief Risk Officer of the Company and its banking subsidiary, LINKBANK. Eisel, who joined LINKBANK as Deputy Chief Risk Officer, will oversee the Company's risk management program. With her extensive experience at the FDIC, Eisel is expected to enhance the enterprise-wide risk management program and contribute to the Company's growth strategy.
LINKBANCORP, Inc. reported strong first quarter earnings in 2024, with net income of $5.73 million and adjusted earnings of $5.77 million. Net interest income before provision was $24.9 million, and total deposits increased to $2.39 billion. Total loans slightly increased to $2.25 billion, and asset quality remained strong. The merger with Partners Bancorp in 2023 positively impacted results, leading to a reduction in headcount and increased efficiency.
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