LINKBANCORP Reports $26.2M Annual Net Income with 0.94% Return on Assets for 2024; Gains $8.7M from NJ Operations Sale
LINKBANCORP Inc. reported a net income of $26.2 million for 2024, with a return on assets of 0.94%. The company gained $8.7 million after selling its New Jersey operations in March 2025. As of March 31, 2025, LINKBANCORP had total assets of $2.86 billion, loans of $2.27 billion, and deposits of $2.43 billion, with a market capitalization of $247.4 million. The executive team is noted for its expertise in M&A and value creation.
LINKBANCORP Inc. reported its 2024 year-end financial results, achieving $26.2 million in annual net income with a return on assets of 0.94%. In March 2025, the company completed the sale of its New Jersey operations, resulting in an after-tax gain of $8.7 million, net of transaction fees. LINKBANCORP is a community bank operating in the Mid-Atlantic region, with a focus on organic growth and profitability improvement. The bank reported total assets of $2.86 billion, total loans of $2.27 billion, and total deposits of $2.43 billion as of March 31, 2025. The company also reported a market capitalization of $247.4 million. The executive team, led by CEO Andrew Samuel and President Carl Lundblad, has a strong track record in M&A and value creation. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LINKBANCORP Inc. published the original content used to generate this news brief on April 28, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
