Welcome to our dedicated page for Victory news (Ticker: VTYB), a resource for investors and traders seeking the latest updates and insights on Victory stock.
Victory Bancorp, Inc. reports news as the OTCQX-traded holding company for The Victory Bank, a Pennsylvania state-chartered commercial bank serving local consumer, professional, and small to mid-sized business customers. Its updates commonly cover community banking activity, including checking and savings deposits, home equity lines of credit, personal loans, and business lending in Montgomery and Berks County markets.
Recurring announcements include quarterly operating and financial results, dividend declarations, loan and deposit trends, net interest income, credit quality, branch-market activity, shareholder voting matters, and capital-structure disclosures. The company’s news also reflects governance and shareholder-return decisions by the bank holding company’s board.
The Victory Bancorp, Inc. (OTCQX: VTYB) announced it will hold a virtual-only Annual Meeting on May 18, 2021, at 11:00 a.m. EDT due to COVID-19 safety concerns. Stockholders can register online and participate through a webcast. As of March 31, 2021, the company reported total assets of $432 million, total deposits of $366 million, and total equity of $32 million. The Victory Bank specializes in providing banking services to small and mid-sized businesses in Pennsylvania.
Victory Bancorp, Inc. (OTCQX: VTYB) reported strong financial growth for Q1 2021, showing a net income increase of $863,000 to $1 million, or $0.52 per share. Book value per share rose to $11.74, and stockholders’ equity increased by $2.8 million year-over-year. Total assets reached $432 million, a 48.5% increase from Q1 2020, while deposits grew by 44.4% to $363 million. The bank originated $37 million in SBA PPP loans during the quarter, with stable credit quality.
Victory Bancorp (OTCQX: VTYB), based in Limerick, PA, will have CEO Joseph Major present live at VirtualInvestorConferences.com on March 10th, 2021, from 11:00 a.m. to 11:30 a.m. ET. This interactive online event allows investors to engage with the company in real-time, with an archived version available post-event. Recent highlights include a 36% increase in deposits to $337 million as of December 31, 2020, and a 53.8% increase in total assets to $429.4 million. Major noted record fourth-quarter results despite economic challenges.
Victory Bancorp Inc. (OTCQX: VTYB) will present live at VirtualInvestorConferences.com on March 10th from 11:00 a.m. to 11:30 a.m. ET. CEO Joseph Major will lead the session, allowing investors to engage with real-time questions. Notable company highlights include a 36% growth in deposits to $337 million and a 16.7% increase in net loans to $283.6 million as of December 31, 2020. The bank also secured $10 million in subordinated debt to enhance capital stability and received a Five-Star rating from Bauer Financial.
The Victory Bancorp, Inc. (OTCQX: VTYB) reported a significant increase in net income, reaching $993 thousand or 50 cents per share in Q4 2020, a 98% rise from $502 thousand in Q4 2019. For the full year, net income was $2.3 million, up 7% year-over-year. Book value per share rose to $11.29. Interest income grew by 8.8% to $15.6 million. Despite the pandemic, total deposits surged 36% to $337 million and net loans increased 16.7% to $283.6 million. The bank also managed to keep delinquent loans at zero, albeit with increased loss reserves.