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Bancorp ( (TBBK) ) has provided an update.
The Bancorp, Inc. reported a net income of $51.5 million for Q3 2024, marking a 3% increase from the previous year, along with a 13% rise in earnings per share due to share repurchases. The company saw growth in net interest income and gross dollar volume on prepaid and debit cards, alongside increased small business and real estate bridge loans. Despite challenges from credit loss provisions and transaction processing delays, The Bancorp remains well capitalized, emphasizing safety and soundness in its financial operations.
See more insights into TBBK stock on TipRanks’ Stock Analysis page.