Victory Stock Price, News & Analysis

The Victory Bank (VTYB) announced the grand opening celebration of its second retail branch in Horsham, PA, scheduled for June 2-6, 2025. The bank is offering several promotions including a special 22-week CD with 4.5% APY and exclusive business account offers. The week-long celebration features daily prize giveaways, including a KitchenAid Mixer, Samsung Smart TV, and Phillies tickets.

The event includes multiple ribbon-cutting ceremonies with local chambers of commerce, family entertainment, business seminars, and financial literacy courses. A text-based game will offer instant prizes, and the celebration culminates with a grand prize sweepstakes drawing for a trip for two to Maui, Hawaii. The new branch is located at 100 Gibraltar Road, Horsham, PA 19044.

Victory Bancorp (OTCQX: VTYB) reported strong Q1 2025 financial results, with net income reaching $543 thousand, more than doubling from $230 thousand in Q1 2024. The bank demonstrated robust growth with:

• Total deposits increased to $416.97 million, up from $381.78 million year-over-year
• Book value per share rose to $15.25
• Stockholders' equity improved to $30.15 million

Credit quality metrics showed exceptional performance with nonperforming assets at 0.00% and net charge-offs at 0.01%. The bank maintained a consistent quarterly cash dividend of $0.065 per share. Victory Bank's expansion into Horsham and zero borrowings as of March 2025 reflect its strong financial position and growth strategy. The bank continues to focus on serving small and mid-sized businesses across Montgomery and Berks Counties through its four office locations.

The Victory Bank (VTYB) has announced the opening of its new branch at 100 Gibraltar Road in Horsham, PA on April 14, 2025. The branch will offer comprehensive banking services including checking and savings accounts, home equity loans, and commercial lending solutions.

To mark this expansion, the bank will host a Grand Opening celebration from June 2-6, 2025, featuring financial literacy courses, business seminars, and children's activities. The event will include promotions for new accounts, giveaways, and a sweepstakes.

Led by Branch Manager Elizabeth Knott, the new location emphasizes the bank's commitment to personalized service, featuring direct access to banking representatives without automated systems. The branch aims to serve both individual and business customers with tailored financial solutions and expert guidance.

The Victory Bank (VTYB) has announced the opening of its second retail branch in Horsham, Pennsylvania, scheduled for April 1, 2025. Located at 100 Gibraltar Road, the new branch emphasizes the bank's commitment to personalized banking services, featuring direct human interaction without automated phone systems.

The branch will offer comprehensive services including checking and savings accounts, home equity loans, personal loans, and custom-underwritten business loans. A Grand Opening Celebration is planned for June 2-6, 2025, featuring promotions and giveaways.

CEO Joseph Major highlighted the bank's distinctive approach to customer service, emphasizing direct connection to representatives without wait times. Branch Manager Elizabeth Knott reinforced the bank's commitment to community service. The expansion includes new job opportunities at the Horsham location.

The Victory Bancorp (VTYB) has announced its participation in the Banking Virtual Investor Conference on March 6th, 2025, where CEO & Chairman Joseph Major will present from 1:00-1:30 PM EST. The interactive online event will include a Q&A session and 1x1 meetings availability from 1:30-4:30 PM EST.

The company reported strong 2024 financial results, including:

• Loan growth of $26.6M despite challenging market conditions
• Deposit increase of $33M
• $4.65M subordinated debt issuance with $2.5M for growth and capital
• Q4 net earnings up $83K year-over-year, with ROAE at 7.58%
• Book value at $14.84 per share
• Quarterly dividend of $0.065 per share

The bank demonstrated exceptional loan quality metrics as of December 31, 2024, outperforming peer averages with 0.0% losses to average loans, 0.01% in 30-89 day past due loans, and 0.05% in non-performing loans.

The Victory Bancorp (OTCQX: VTYB) reported strong financial results for 2024, marking significant growth across key metrics. The bank achieved $26.6 million in loan growth and $33 million in deposit growth, despite challenging market conditions. The company successfully raised $4.65 million in subordinated debt, with $2.5 million allocated to support bank growth initiatives.

Fourth-quarter earnings showed an $83 thousand year-over-year increase, with quarterly earnings at $558 thousand and a return on average equity of 7.58%. Book value per share slightly decreased from $14.89 to $14.84 in Q4. The company maintained exceptional loan quality metrics, outperforming peers with 0% losses to average loans, 0.01% in 30-89 day past due loans, and 0.05% in non-performing loans. The bank paid quarterly dividends of $0.065 per share, totaling $0.26 for 2024.

Victory Bancorp (OTCQX:VTYB) has announced a quarterly cash dividend of $0.0650 per share of common stock. The dividend will be paid on February 14, 2025, to stockholders of record as of January 31, 2025.

The company operates through its subsidiary, The Victory Bank, a Pennsylvania state-chartered commercial bank headquartered in Limerick, Pennsylvania. Established in 2008, the bank specializes in business lending, providing banking services to small and mid-sized businesses and professionals through three offices in Montgomery and Berks Counties, Pennsylvania.

The Victory Bancorp announced the pricing and closing of a $4.65 million private placement of fixed-to-floating rate subordinated notes. The notes will initially bear interest at 8.50% per annum until December 31, 2026, payable semi-annually. After that, the interest rate will reset quarterly based on the three-month SOFR plus a spread until maturity on December 31, 2029.

The proceeds will be used for general corporate purposes, including funding organic and strategic growth initiatives, enhancing balance sheet flexibility, and supporting bank regulatory capital ratios. The notes may be redeemed at the Company's option on any scheduled interest payment date after the second anniversary.

Victory Bancorp (OTCQX:VTYB) has declared a quarterly cash dividend of $0.0650 per share of common stock. The dividend will be paid on December 13, 2024 to stockholders of record as of December 4, 2024. The company operates through The Victory Bank, a Pennsylvania state-chartered commercial bank established in 2008, serving small and mid-sized businesses through three offices in Montgomery and Berks Counties.