The Victory Bancorp, Inc. 2025 First Quarter Earnings

Core Viewpoint - Victory Bancorp, Inc. reported strong financial performance for Q1 2025, with significant growth in net income, deposits, and equity, reflecting the bank's resilience and effective management strategies [2][4][5]. Financial Highlights - Net income for Q1 2025 was $543 thousand, an increase of $313 thousand from $230 thousand in Q1 2024, with a return on average equity of 7.30% [2][5]. - Total deposits reached $416.97 million, up from $381.78 million a year ago, indicating a growth of $35.19 million [3][4]. - Stockholders' equity rose to $30.15 million, compared to $29.34 million at year-end 2024 and $27.94 million a year ago [3][5]. - Book value per common share increased to $15.25 from $14.84 at the end of 2024 [3][5]. Credit Quality Metrics - Net charge-offs to average loans stood at 0.01%, consistent with the previous quarter and improved from 0.03% in Q1 2024 [3][5]. - Nonperforming assets to total assets were at 0.00%, showing improvement from 0.05% at the end of 2024 and 0.17% a year ago [3][5]. - The allowance for credit losses to loans remained stable at 0.92% [3]. Operational Insights - The bank's net interest income was $3.34 million for Q1 2025, supported by disciplined expense management [2][5]. - A quarterly cash dividend of $0.065 per share was paid, consistent with prior quarters, totaling $0.26 per share for the calendar year 2024 [3]. Future Outlook - The bank is focused on long-term growth and community support, with recent expansion into Horsham [6].