Bancorp ( (TBBK) ) has shared an update.
On December 31, 2024, The Bancorp Bank, a subsidiary of The Bancorp, Inc., completed the sale of an $82 million real estate bridge loan portfolio, contributing to a 14% reduction in substandard loans. The company reported a 42% increase in earnings per share for Q4 2024 compared to the previous year, driven by share repurchases and organic growth in prepaid and debit card usage. Despite a slight decrease in net interest margin, the company maintained a strong capital position and reported an increase in both net interest income and loan volumes.
More about Bancorp
The Bancorp, Inc. is a financial holding company operating in the financial services industry. It offers a range of financial products and services, focusing heavily on prepaid and debit card programs, real estate bridge loans, and small business loans. The company also maintains a strong presence in investment advisor financing and offers security-backed lines of credit.
YTD Price Performance: 7.10%
Average Trading Volume: 470,360
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.67B
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