LIMERICK, PA — The Victory Bancorp, Inc. (OTCQX: VTYB), a Montgomery County-based business bank, announced that CEO and Chairman Joseph Major will present at the Banking Virtual Investor Conference on March 6, 2025. The live, interactive session will run from 1 pm to 1:30 pm EST, during which investors can submit real-time questions. Those unable to attend will have access to an archived webcast after the event.
The announcement coincides with the bank’s release of its 2024 financial highlights, showcasing steady growth and strong financial health despite broader economic pressures.
2024 Financial Performance
The Victory Bancorp reported significant loan and deposit growth in 2024, reflecting its focus on lending and relationship banking. Loans increased by $26.6 million, demonstrating resilience amidst higher interest rates and softened demand. Deposits grew by $33 million, driven by the company’s commitment to exceptional service.
The bank also issued $4.65 million in subordinated debt during the year, allocating $2.5 million to fuel growth and support capital reserves. Year-over-year, total equity increased by $1.4 million, further strengthening the bank’s financial position.
Earnings remained robust in the fourth quarter, with net earnings rising by $83,000 year-over-year. While earnings were slightly lower quarter-over-quarter, declining from $586,000 in Q3 to $558,000 in Q4, the return on average equity (ROAE) for the fourth quarter stood at a solid 7.58%. The bank maintained a stable book value per share of $14.84 at year-end.
Exceptional Loan Quality
The Victory Bancorp achieved a standout performance in loan quality metrics compared to industry peers. Losses to average loans were at a remarkable 0.0%, outperforming the peer average of 0.05%. Similarly, 30-89 day past due loans were only 0.01%, while the peer average stood at 0.42%. Non-performing loans were kept low at 0.05%, well below the industry benchmark of 0.49%.
Investor Engagement
The upcoming presentation by Joseph Major provides an opportunity for investors to learn more about the company’s strong financial performance and plans for continued growth. One-on-one meetings will also be available following the event from 1:30 pm to 4:30 pm EST.
The Victory Bancorp’s ability to maintain impressive growth and stability in challenging economic conditions underscores its commitment to building long-term value for stakeholders. With its record of strong lending focus, exceptional loan quality, and strategic capital management, the bank remains well-positioned for continued success.
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