Published: Tuesday, July 15, 2025 · 7:15 PM | Updated: Tuesday, July 15, 2025 · 7:15 PM
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🗝️ Key Points
- Victory Bancorp's (OTCQX:VTYB) net income surged 140% year-over-year to $693 thousand in Q2 2025.
- Total deposits rose by $41.82 million, reaching $426.43 million as of June 30, 2025.
- Strong credit quality with zero nonperforming assets and an allowance for credit losses to total loans at 0.88%.The Victory Bancorp, Inc.
- Victory Bancorp’s (OTCQX:VTYB) net income surged 140% year-over-year to $693 thousand in Q2 2025.
- Strong credit quality with zero nonperforming assets and an allowance for credit losses to total loans at 0.88%.
The Victory Bancorp, Inc. (OTCQX:VTYB) announced robust financial results for the second quarter of 2025, showcasing significant growth and improved financial metrics. The company reported a net income of $693 thousand, a remarkable 140% increase from $289 thousand in Q2 2024.
Total deposits saw a substantial rise to $426.43 million as of June 30, 2025, supported by the successful opening of a new branch in Horsham. This marks an increase of $41.82 million compared to the same period in the previous year. The strategic expansion has also enabled the company to fully eliminate its highest-cost funding source, borrowings, by the end of the quarter.
The bank’s return on average equity more than doubled, increasing to 9.07% from 4.08% year-over-year. Furthermore, the book value per share grew to $15.57, up from $14.28 in the prior year.
Victory Bancorp maintained exceptional credit quality with zero nonperforming assets and net recoveries of 0.01%. The allowance for credit losses to total loans improved to 0.88%, underscoring the bank’s sound risk management.
Earnings per share also saw substantial growth, with basic and diluted earnings per share reported at $0.35 and $0.34, respectively, more than doubling from $0.15 and $0.14 in Q2 2024.
Joseph W. Major, Chairman and CEO of Victory Bancorp, expressed optimism over these achievements, emphasizing the bank’s disciplined cost control, strong loan portfolio health, and continued deposit growth as critical factors behind the quarter’s success.
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