LINKBANCORP Inc (OQ:LNKB)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1250 Camp Hill Bypass, Suite 202 Camp Hill PA 17011 |
| Tel: | 1-717-8038895 |
| Website: | https://ir.linkbancorp.com |
| IR: | See website |
| Key People | ||
| Carl D. Lundblad President | Andrew S. Samuel Chief Executive Officer, Vice Chairman of the Board | Kristofer Paul Chief Financial Officer |
| Brent S. Smith Executive Vice President, President of The Gratz Bank | Catherine Eisel Chief Risk Officer | Tiffanie Horton Chief Credit Officer |
| Business Overview |
| LINKBANCORP, Inc. is a bank holding company, which operates LINKBANK (the Bank). LINKBANK is a Pennsylvania-chartered, non-Federal Reserve member bank. The Bank is a full-service commercial bank providing personal and business lending and deposit services to individuals, families, nonprofits, and business clients throughout Central and Southeastern Pennsylvania, primarily through its digital presence on the Internet and ten client solutions centers in Chester, Cumberland, Dauphin, Lancaster, Northumberland, and Schuylkill counties, and loan production offices in Chester and York Counties. It provides traditional lending, deposit gathering and cash services to retail customers, small businesses, and non-profit organizations. Its lending activity consists of commercial real estate loans, commercial business loans and to a lesser extent, commercial real estate construction and land development loans, residential real estate loans, home equity loans, consumer loans and agriculture loans. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, LINKBANCORP Inc interest income increased 62% to $65.2M. Net interest income after loan loss provision decreased 7% to $29.4M. Net loss totaled $12M vs. income of $5.6M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. Net loss reflects Deposits increase from $5.3M to $22.6M (expense). |
| Employees: | 342 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $291.71M as of Mar 31, 2024 |
| Annual revenue (TTM): | $65.20M as of Mar 31, 2024 |
| EBITDA (TTM): | $1.48M as of Mar 31, 2024 |
| Net annual income (TTM): | -$11.97M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$6.25M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $48.95M as of Mar 31, 2024 |
| Shares outstanding: | 37,348,151 as of Mar 25, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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