The Victory Bancorp, Inc. 2025 Third Quarter Earnings
The Victory Bancorp (OTCQX: VTYB) reported net income of $358,000 for Q3 2025 and diluted EPS of $0.17. Results were pressured by higher other expenses of $3.47M, which included $374,000 of merger costs tied to the definitive agreement with QNB. Net interest income rose to $3.69M. Total deposits increased to $436.74M, up $38.57M year-over-year. Book value per share reached an all-time high of $15.85 and stockholders' equity rose to $31.65M. Credit quality remained strong with no nonperforming assets and net recoveries of (0.01)%.
The Victory Bancorp (OTCQX: VTYB) ha riportato un utile netto di $358.000 nel terzo trimestre 2025 e un utile per azione diluito di $0,17. I risultati sono stati influenzati da costi operativi più elevati di $3,47M, che includevano $374,000 di costi di fusione legati all'accordo definitivo con QNB. Il reddito da interessi netti è aumentato a $3,69M. I depositi totali sono aumentati a $436,74M, in aumento di $38,57M anno su anno. Il valore contabile per azione ha raggiunto un massimo storico di $15,85 e il patrimonio netto degli azionisti è salito a $31,65M. La qualità del credito è rimasta forte con nessun ammortamento non performing e recuperi netti di (0,01)%.
The Victory Bancorp (OTCQX: VTYB) reportó ingresos netos de $358,000 para el tercer trimestre de 2025 y un beneficio por acción diluido de $0,17. Los resultados estuvieron presionados por mayores gastos diversos de $3,47M, que incluían $374,000 de costos de fusión vinculados al acuerdo definitivo con QNB. Los ingresos netos por intereses aumentaron a $3,69M. Los depósitos totales aumentaron a $436,74M, un incremento de $38,57M interanual. El valor contable por acción alcanzó un máximo histórico de $15,85 y el patrimonio de los accionistas subió a $31,65M. La calidad de crédito se mantuvo fuerte con ningún activo no productivo y recuperaciones netas de (0,01)%.
The Victory Bancorp (OTCQX: VTYB)는 2025년 3분기 순이익이 $358,000, 희석 주당순이익이 $0,17로 보고했습니다. 결과는 $3,47M의 다른 비용이 증가하면서 압박을 받았고, 이 중 $374,000은 QNB와의 확정계약에 따른 합병 비용이었습니다. 순이자소득은 $3,69M으로 상승했습니다. 총 예금은 $436,74M로 증가했으며, 전년 대비 $38,57M 증가했습니다. 주당 장부가치는 사상 최고치인 $15,85에 도달했고 주주자본은 $31,65M로 올랐습니다. 신용품질은 여전히 강했고 부실자산 없음 및 순 회수는 (0,01)%였습니다.
The Victory Bancorp (OTCQX: VTYB) a enregistré un bénéfice net de $358 000 au troisième trimestre 2025 et un bénéfice par action dilué de $0,17. Les résultats ont été freinés par des charges diverses plus élevées de $3,47 M, qui comprenaient $374 000 de coûts de fusion liés à l’accord définitif avec QNB. Le revenu net d’intérêts a augmenté à $3,69 M. Le total des dépôts a augmenté à $436,74 M, en hausse de $38,57 M sur un an. La valeur comptable par action a atteint un niveau historique de $15,85 et les capitaux propres des actionnaires se sont élevés à $31,65 M. La qualité du crédit est restée robuste avec aucun actif non performant et des recouvrements nets de (0,01)%.
The Victory Bancorp (OTCQX: VTYB) meldete für das dritte Quartal 2025 einen Nettogewinn von $358.000 und einen verwässerten Gewinn je Aktie von $0,17. Die Ergebnisse wurden durch höhere sonstige Aufwendungen von $3,47M belastet, wozu $374.000 an Fusionkosten im Zusammenhang mit der Definitivvereinbarung mit QNB gehörten. Die Zinseinnahmen stiegen auf $3,69M. Die Gesamt deposits? Die Einlagen stiegen auf $436,74M, gegenüber dem Vorjahr um $38,57M. Der Buchwert je Aktie erreichte einen historischen Höchststand von $15,85 und das Eigenkapital der Aktionäre stieg auf $31,65M. Die Kreditqualität blieb stark mit keinen notleidenden Vermögenswerten und Nettorückläufen von (0,01)%.
The Victory Bancorp (OTCQX: VTYB) أبلغت عن صافي دخل قدره $358,000 للربع الثالث من عام 2025 وهامش الربح المخفف للسهم قدره $0,17. كانت النتائج مثقلة بارتفاع $3,47M من المصاريف الأخرى، والتي شملت $374,000 من تكاليف الدمج المرتبطة بالاتفاق النهائي مع QNB. ارتفعت إيرادات الفوائد الصافية إلى $3,69M. ارتفعت إجمالي الودائع إلى $436,74M، بزيادة قدرها $38,57M مقارنة بالعام السابق. بلغ مقدار القيمة الدفترية للسهم أعلى مستوى تاريخي عند $15,85 وارتفع حقوق المساهمين إلى $31,65M. ظلت جودة الائتمان قوية مع عدم وجود أصول غير منتجة وصافي الاسترداد عند (0,01)%.
- Total deposits up $38.57M year-over-year to $436.74M
- Book value per share at an all-time high of $15.85
- Stockholders' equity increased to $31.65M
- Net interest income rose to $3.69M
- Net income declined to $358K from $586K year-over-year
- Earnings per share fell to $0.17 diluted versus $0.29 prior year
- Return on average assets dropped to 0.29% from 0.50% a year earlier
- Other expenses grew to $3.47M, up ~20% YoY due to merger costs
LIMERICK, Pa., Nov. 03, 2025 (GLOBE NEWSWIRE) -- The Victory Bancorp, Inc. (OTCQX: VTYB), the holding company for The Victory Bank, today announced financial results for the quarter ended September 30, 2025.
Financial Highlights for Third Quarter 2025
• Net Consolidated Earnings:
Net income for the quarter ended September 30, 2025, was
In contrast, net interest income—the bank’s primary source of earnings—increased from
Return on average assets decreased to
• Deposit Growth:
The bank opened a new branch in spring 2025 in the Horsham market. This new location contributed to the growth in deposits in Q3. Total deposits grew to
• Book Value:
Book value per common share rose to
• Stockholders’ Equity:
Stockholders’ equity increased to
• Credit Quality and Loan Metrics:
Credit quality remained strong, with no nonperforming assets reported for the quarter and net charge-offs at –(0.01)%, indicating net recoveries. The allowance for credit losses to total loans stood at
• Earnings per Share:
Basic and diluted earnings per common share were
Chairman and Bank Leader Joseph W. Major commented,
“Victory Bancorp delivered another solid quarter in 2025, continuing its record of disciplined growth and strong financial performance. The company achieved net income of
“Victory’s focused strategy and community-centered culture continue to fuel steady progress and long-term resilience. The opening of our new Horsham branch this spring expanded our presence in a dynamic and growing market, creating new opportunities to serve businesses and individuals with excellence. As we look ahead, we remain dedicated to supporting our clients’ success, deepening community connections, and driving sustainable growth for our shareholders.”
Victory Bancorp, Inc. is traded on the OTCQX market under the symbol VTYB and is the parent company of The Victory Bank. The Bank, founded in 2008, is a Pennsylvania state-chartered commercial bank headquartered in Limerick Township, Montgomery County. It offers a full range of banking services, including checking and savings accounts, home equity lines of credit, and personal loans. In addition to traditional banking, the Bank specializes in high-quality business lending, serving small and mid-sized businesses and professionals. With four offices across Montgomery and Berks Counties, it is dedicated to meeting the financial needs of the local community. For more information, visit its website at VictoryBank.com. FDIC-Insured.
This presentation may contain forward-looking statements (within the meaning of Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products, and services.
Contact:
Joseph W. Major,
Chairman and Chief Executive Officer
Robert H. Schultz,
Chief Financial Officer, Chief Operating Officer
Owen Magers
Investor Relations
484-791-3435
The Victory Bancorp, Inc.
548 N. Lewis Rd.
Limerick, PA 19468
| CONSOLIDATED FINANCIAL HIGHLIGHTS(unaudited) | |||||||||||||
| (dollars in thousands, except per share data) | |||||||||||||
| Sept 30, | Dec 31, | Sept 30, | |||||||||||
| Selected Financial Data | 2025 | 2024 | 2024 | ||||||||||
| Investment securities | $ | 40,850 | $ | 44,642 | $ | 46,110 | |||||||
| Loans, net of allowance for credit losses | 392,111 | 390,954 | 395,213 | ||||||||||
| Total assets | 488,219 | 461,024 | 467,939 | ||||||||||
| Deposits | 436,743 | 397,080 | 398,169 | ||||||||||
| Borrowings | 0 | 15,440 | 24,692 | ||||||||||
| Subordinated debt | 17,359 | 17,309 | 12,851 | ||||||||||
| Stockholders' equity | $ | 31,650 | $ | 29,337 | $ | 29,437 | |||||||
| Book value per common share | $ | 15.85 | $ | 14.84 | $ | 14.89 | |||||||
| Allowance/loans | |||||||||||||
| Nonperforming assets/total assets | |||||||||||||
3 Months Ended | |||||||||||||
| Sept 30, | Dec 31, | Sept 30, | |||||||||||
| Selected Operations Data | 2025 | 2024 | 2024 | ||||||||||
| Interest income | $ | 7,475 | $ | 7,281 | $ | 7,526 | |||||||
| Interest expense | 3,786 | 3,886 | 4,064 | ||||||||||
| Net interest income | 3,689 | 3,395 | 3,462 | ||||||||||
| Provision for loan losses | (15 | ) | (32 | ) | 71 | ||||||||
| Other income | 223 | 299 | 239 | ||||||||||
| Other expense | 3,472 | 3,000 | 2,895 | ||||||||||
| Income before income taxes | 455 | 726 | 735 | ||||||||||
| Income taxes | (97 | ) | (168 | ) | (149 | ) | |||||||
| Net income | $ | 358 | $ | 558 | $ | 586 | |||||||
| Earnings per common share (basic) | $ | 0.18 | $ | 0.28 | $ | 0.30 | |||||||
| Earnings per common share (diluted) | $ | 0.17 | $ | 0.28 | $ | 0.29 | |||||||
| Return on average assets (annualized) | |||||||||||||
| Return on average equity (annualized) | |||||||||||||
| Net charge-offs(recoveries)/average loans | (0.01)% | ||||||||||||
FAQ
What were The Victory Bancorp (VTYB) Q3 2025 net income and EPS?
How much did VTYB deposits grow by in Q3 2025 and what is the total?
What drove the higher expenses at Victory Bancorp in Q3 2025 (VTYB)?
Did VTYB report any nonperforming assets in Q3 2025?
How did book value and stockholders' equity change for VTYB in Q3 2025?
What was VTYB's return on average equity in Q3 2025 and the impact of merger costs?
