Apollo Bancorp, Inc. 2024 First Quarter Earnings and New Bank Officer

Contact: Nelson L. Person
President & CEO
Tel. (724) 478-6101


Apollo, PA—April 10, 2024:  Apollo Bancorp, Inc. (OTC Pink: APLO), the parent company of Apollo Trust Company, reported net income for the quarter ended March 31, 2024 of $367,000, or $0.71 per share, compared with first quarter 2023 earnings of $408,000, or $0.78 per share.  Net interest income decreased by $84,000 period over period.  During the first quarter of 2024, annualized return on average assets (ROA) of 0.74% and annualized return on average equity (ROE) of 6.34% were reported.  Total assets were $198 million at March 31, 2024.

Apollo Bancorp, Inc. common stock is traded Over-the-Counter on OTC Pink under the symbol APLO.  Recent trades and current bid-ask prices may be viewed at www.otcmarkets.com

Separately, Daniel F. Schneider recently was named Vice President & Chief Information Officer of Apollo Trust Company.

Apollo Trust Company operates six banking locations in the Alle-Kiski Valley and a loan office in the Fox Chapel area of Pittsburgh.

More information is available at the Company’s website:  www.apollotrust.com