The Victory Bancorp, Inc. 2025 Fourth Quarter Earnings

Core Insights - Victory Bancorp, Inc. reported strong financial results for Q4 2025, showcasing balance sheet strength, solid earnings, and exceptional asset quality [1][2]. Financial Performance - Total assets reached $463.5 million as of December 31, 2025, with a book value per common share of $16.13, reflecting consistent earnings and equity growth [3][5]. - Net loans increased to $396.3 million, up from $391.0 million year-over-year, indicating continued demand for relationship-based lending [5]. - Deposits totaled $412.2 million, an increase of $15.1 million from $397.1 million at the end of 2024 [5]. - Net interest income rose to $3.82 million for the quarter, compared to $3.40 million in Q4 2024, driven by disciplined balance sheet management [5]. - Net income for the quarter was $448 thousand, or $0.22 per basic share, down from $557 thousand, or $0.28 per basic share, in the same period of 2024 [5]. - Excluding merger-related expenses, adjusted net income could have been approximately $725 thousand, or $0.36 per basic share [5]. Asset Quality - The allowance for credit losses remained strong at 0.86% of loans, with nonperforming assets to total assets improving to 0.00%, compared to 0.05% at December 31, 2024 [5][6]. - Net charge-offs to average loans remained minimal at 0.01% [5]. Equity and Borrowings - Stockholders' equity increased to $32.2 million, up from $29.3 million at the end of 2024 [5]. - The company ended the year with no outstanding borrowings, compared to $15.4 million at December 31, 2024 [5].