Apollo Bancorp, Inc. 2024 Second Quarter Earnings

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

FOR IMMEDIATE RELEASE

Apollo, PA—July 17, 2024:  Apollo Bancorp, Inc. (OTC Pink: APLO), the parent company of Apollo Trust Company, reported net income for the quarter ended June 30, 2024 of $450,000, or $0.87 per share, compared with second quarter 2023 earnings of $395,000, or $0.76 per share.  Noninterest income increased by $40,000, and the provision for credit losses decreased $48,000 period over period. Net income year to date through June 30, 2024 totaled $817,000, or 0.82% return on average assets and 7.04% return on average equity. Net income totaled $803,000 during the same period in 2023. Total assets were $200 million at June 30, 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

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