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VICTORY BANCORP INC - VTYB STOCK NEWS

Welcome to our dedicated news page for VICTORY BANCORP (Ticker: VTYB), a resource for investors and traders seeking the latest updates and insights on VICTORY BANCORP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VICTORY BANCORP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VICTORY BANCORP's position in the market.

Rhea-AI Summary

The Victory Bancorp, Inc. welcomes Kenneth Lawrence, a seasoned leader, to its board of directors. Lawrence, Senior Vice President of Corporate Affairs at Highmark Blue Shield, brings vast experience from public service and corporate affairs. Victory Bancorp looks forward to his guidance and contributions to its strategic direction. Victory Bancorp, Inc. is traded under the symbol VTYB on the OTCQX market.

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The Victory Bancorp, Inc. welcomes Laurie E. Tolle, managing partner of Maillie LLP, to its Board of Directors. Tolle's extensive experience in accounting and professional services enhances the company's leadership. Victory Bancorp looks forward to her contributions to shape its future. The company is traded on the OTCQX market under the symbol VTYB.
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Victory Bancorp, Inc. (VTYB) reported a net income of $475 thousand for Q4 2023, with a total net income of $2.1 million for the year. Book value per common share increased to $14.18. The bank's assets grew to $442 million, while total net loans surged by 11.3% to $364.3 million. Despite interest rate increases affecting funding costs, the bank attracted valuable clients and increased loan portfolio. However, net interest income declined due to increased interest expenses. Non-performing assets increased to $2.2 million, primarily from two real estate-related credits. Pre-tax income decreased to $2.7 million, mainly due to rising funding costs from FOMC rate hikes.
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Victory Bancorp, Inc. (VTYB) declares a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend payment will be made on February 15, 2024, to shareholders of record as of February 1, 2024. This marks the 23rd consecutive quarterly dividend payment for Victory Bancorp, reflecting the company's commitment to returning value to its shareholders.
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Victory Bancorp, Inc. (VTYB) declares a quarterly cash dividend of $0.0650 per outstanding share of common stock
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The Victory Bancorp, Inc. released unaudited results for Q3 2023. The bank experienced a decrease in assets, stable net interest margin, and a significant increase in net loans. Despite the volatility in market conditions and increasing interest rates, the bank maintained a strong credit picture and increased stockholders' equity.
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Victory Bancorp, Inc. (OTCQX:VTYB) has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about September 11, 2023, to stockholders of record as of August 25, 2023. The Victory Bancorp, Inc. is the parent company of The Victory Bank, a specialized business lender providing banking services to small and mid-sized businesses and professionals in Pennsylvania.
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VICTORY BANCORP INC

OTC:VTYB

VTYB Rankings

VTYB Stock Data

19.93M
1.53M
Commercial Banking
Finance and Insurance
Link
United States of America
Limerick