Linkbancorp Reports Record Q4 Earnings, Declares Dividend

Linkbancorp, Inc. reported record financial results for Q4 and the full year of 2024, with a net income of $7.6 million for the quarter, surpassing analyst expectations. The company achieved earnings of $0.20 per diluted share, up from $0.19 in the previous quarter, and announced a cash dividend of $0.075 per share to be paid in March 2025. Key financial metrics included a return on average assets of 1.06% and an improved net interest margin of 3.85%, indicating enhanced operational efficiency. Despite a slight decrease in total deposits, the company saw growth in core deposits and total loans year-over-year. Strategic initiatives, including a pending sale of New Jersey branches expected to close in early 2025, are anticipated to streamline operations further. Linkbancorp's management remains optimistic about continuing its growth and operational improvements into 2025.