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An announcement from LINKBANCORP ( (LNKB) ) is now available.
LINKBANCORP reported record financial results for the fourth quarter and full year of 2024, with a net income of $7.6 million for the quarter, reflecting strategic initiatives aimed at improving performance through cost reduction and growth in quality loans and core deposits. The company also declared a quarterly cash dividend of $0.075 per share, indicating a positive outlook for shareholders, while its ongoing branch sale in New Jersey is expected to close in the first quarter of 2025, which may impact its operational focus.
More about LINKBANCORP
LINKBANCORP, Inc., the parent company of LINKBANK, operates within the financial services industry, focusing primarily on banking operations. The company offers a range of financial products and services, with a market focus that includes both loans and deposits, leveraging strategic initiatives to enhance its operational efficiency and financial performance.
YTD Price Performance: -5.20%
Average Trading Volume: 54,032
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $265.7M
See more data about LNKB stock on TipRanks’ Stock Analysis page.
