LINKBANCORP, Inc.

Listed Company

LNKBCIK 0001756701NasdaqEmerging GrowthState Commercial BanksPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$33.51M

Total Assets

$3.07B

Equity

$306.43M

Shares Out

37.47M

Op. Cash Flow

$25.27M

Business

LINKBANCORP, Inc. is a bank holding company that owns and operates LINKBANK, a Pennsylvania-chartered commercial bank. The Company provides personal and business lending, deposit products, cash management, and digital banking services, along with commercial real estate, construction, residential mortgage, home equity, consumer, agricultural and municipal loans. It operates as a single segment with regional organization through customer solutions centers, loan production offices and centralized credit oversight. The Bank serves markets in central and southeastern Pennsylvania, parts of Maryland, Delaware, New Jersey and Virginia, plus online channels.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans receivable, including fees	150	146	59	36	16
Taxable	9	6	3	2	873,000
Exempt from federal income tax	1	1	1	1	1
Other	5	5	2	533,000	447,000
Total interest and dividend income	165	159	65	40	18
Deposits	52	51	23	5	2
Other borrowings	4	4	2	441,000	50,000
Subordinated debt	4	4	2	2	249,000
Total interest expense	60	59	26	—	—
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES	104	100	39	33	16
Provision for credit losses	8	257,000	9	1	648,000
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	96	100	29	32	15
Service charges on deposit accounts	4	4	978,000	832,000	733,000
Bank-owned life insurance	2	2	738,000	497,000	253,000
Net realized gains on the sales of debt securities	0	4,000	−2	13,000	74,000
Gain on sale of loans	719,000	270,000	465,000	753,000	316,000
Gain on sale of branches	11	0	—	—	—
Other	4	3	1	862,000	763,000
Total noninterest income	22	9	1	3	2
Salaries and employee benefits	43	41	21	16	7
Occupancy	6	6	3	2	913,000
Equipment and data processing	8	7	4	3	1
Professional fees	3	3	2	1	685,000
FDIC insurance and supervisory fees	2	2	817,000	—	—
Intangible amortization	4	5	663,000	—	—
Merger & restructuring expenses	707,000	914,000	11	973,000	5
Advertising	603,000	633,000	329,000	—	—
Other	9	9	3	3	2
Total noninterest expense	75	75	46	28	17
Income before income tax (benefit) expense	43	34	−15	7	100,000
Income tax expense	9	7	−3	1	−189,000
NET INCOME	34	26	−12	6	289,000
EARNINGS PER SHARE, BASIC	0.9	0.71	−0.67	0.49	0.04
EARNINGS PER SHARE, DILUTED	0.9	0.71	−0.67	0.49	0.04
BASIC	37	37	18	11	7
DILUTED	37	37	18	11	7

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Noninterest-bearing cash equivalents	15	14	13	4	9
Interest-bearing deposits with other institutions	37	152	67	26	14
Cash and cash equivalents	52	166	80	30	23
Securities available for sale, at fair value	263	146	115	79	104
Securities held to maturity (Fair value of $25,211 and $30,284, respectively)	26	32	37	32	0
Less: Allowance for credit losses - securities	−391,000	−459,000	−512,000	—	—
Securities held to maturity, net	25	32	36	32	—
Loans receivable	2,557	2,256	2,128	928	715
Less: Allowance for credit losses - loans	−32	−26	−24	−5	—
Net loans	2,525	2,229	2,105	—	—
Investments in restricted bank stock	8	5	4	3	3
Premises and equipment, net	16	18	20	7	5
Right-to-Use Asset - Premises	15	15	15	10	—
Bank-owned life insurance	54	52	49	19	19
Goodwill	59	59	57	36	36
Other intangible assets, net	15	21	26	1	—
Deferred tax asset	17	19	24	6	4
Assets held for sale	0	94	115	—	—
Accrued interest receivable and other assets	22	23	22	12	5
TOTAL ASSETS	3,071	2,879	2,669	1,164	933
Total deposits	2,555	2,361	2,199	947	772
Long-term borrowings	40	40	—	—	—
Short-term borrowings	75	10	10	21	—
Note payable	0	565,000	590,000	—	—
Subordinated debt	62	62	61	40	21
Lease liabilities	16	16	16	10	—
Allowance for credit losses - unfunded commitments	3	2	2	54,000	—
Liabilities held for sale	0	94	100	—	—
Accrued interest payable and other liabilities	14	14	14	7	6
TOTAL LIABILITIES	2,764	2,599	2,404	1,025	823
COMMITMENTS AND CONTINGENT LIABILITIES (Note 1, 6, and 16)	—	—	—	—	—
Preferred stock (At December 31, 2025 and December 31, 2024: no par value; 5,000,000 shares authorized; no shares issued and outstanding.)	—	—	—	—	—
Common stock (At December 31, 2025 and December 31, 2024: $0.01 par value; 50,000,000 shares authorized; 37,457,914 and 37,370,917 shares issued and outstanding, respectively.)	370,000	370,000	369,000	149,000	99,000
Surplus	266	264	263	118	83
Retained earnings	42	20	5	27	25
Accumulated other comprehensive loss	−2	−5	−3	−6	2
TOTAL SHAREHOLDERS' EQUITY	306	280	266	139	110
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	3,071	2,879	2,669	1,164	933

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	2	2	1	850,000	355,000
Accretion of discounts, net	−10	−12	−204,000	−2	1
Origination of loans to be sold	−22	−10	−4	−9	−12
Proceeds from loan sales	23	10	5	10	13
Share-based and deferred compensation	2	2	1	656,000	292,000
Gain on sale of debt securities, available for sale	0	−4,000	2	−13,000	−74,000
Change in accrued interest receivable and other assets	−1	6	−4	−4	−165,000
Change in accrued interest payable and other liabilities	281,000	−2	2	−175,000	1
Other, net	−477,000	−136,000	—	—	—
Net cash provided by operating activities	25	25	−10,000	2	5
Proceeds from sales	0	2	91	513,000	11
Proceeds from calls and maturities	3	10	—	1	3
Proceeds from principal repayments	22	13	8	12	22
Purchases	−138	−57	−10	—	−14
Proceeds from principal repayments	6	5	3	3	—
Purchases	0	−250,000	−11	−34	—
Purchase of restricted investment in bank stocks	−12	−17	−16	−8	−536,000
Redemption of restricted investment in bank stocks	10	15	22	7	1
Increase in loans, net	−298	−91	−66	−206	−66
Purchase of bank-owned life insurance	0	−2	−10	—	−5
Payment of death benefit under bank owned life insurance	143,000	0	—	—	—
Cash paid to buy-out minority interest	0	−483,000	—	—	—
Proceeds from disposal of premises and equipment	1	3	—	—	131,000
Purchase of premises and equipment	−1	−3	−1	−2	−260,000
Proceeds from sale of branches, net	26	0	—	—	—
Net cash provided by (used in) investing activities	−380	−122	59	−223	−5
Increase in deposits, net	187	153	52	175	5
Change in short-term borrowings, net	65	0	−66	1	—
Proceeds from long-term borrowings	0	40	0	20	—
Issuance of shares from exercise of stock options	79,000	14,000	150,000	120,000	120,000
Dividends paid	−11	−11	−5	−3	−1
Net proceeds from issuance of common stock	209,000	152,000	10	35	—
Net cash provided by (used in) financing activities	241	182	−8	228	−10
(Decrease) increase in cash and cash equivalents	−114	86	50	7	−11
Interest	60	58	28	7	3
Federal income taxes	12	9	—	—	—
State income taxes	1	1	—	—	—
Reclassification of New Jersey branch loans from portfolio loans to assets held-for-sale, net	0	−22	—	—	—
Reclassification of New Jersey branch assets to assets held-for-sale, net	0	175,000	—	—	—
Reclassification of New Jersey branch deposits to liabilities held-for-sale, net	0	6	—	—	—
Reclassification of New Jersey branch liabilities to liabilities held-for-sale, net	0	−124,000	—	—	—

Filings

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