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AI brief of an SEC Form 8-K · The Bancorp (TBBK)

The Bancorp Q3 net income rose 3% to $51.5 million; diluted EPS up 13% to $1.04

Positive Impact 3 of 5 earnings Written later

The Bancorp reported third-quarter 2024 net income of $51.5 million, or $1.04 per diluted share, up from $50.1 million, or $0.92, a year earlier. Net interest income rose 5% to $93.7 million, while the company absorbed about $1.5 million in after-tax charges from a new credit-loss factor, interest reversals, and a transaction processing loss. The company also gave preliminary 2025 EPS guidance of $5.25 and kept its 2024 guidance at $4.35.

Key points

  • Q3 2024 net income $51.5 million vs. $50.1 million in Q3 2023; diluted EPS $1.04 vs. $0.92, an increase of 13%
  • Net interest income up 5% to $93.7 million; net interest margin 4.78% vs. 5.07% a year earlier
  • Preliminary 2025 EPS guidance $5.25 excludes planned buybacks of $150 million; 2024 EPS guidance remains $4.35
  • Outstanding shares fell to 48.2 million at September 30, 2024, a 9% reduction from 53.2 million at December 31, 2023

The filing

CompanyThe Bancorp (TBBK)
Form8-K, current report
Filed with the SECOct 24, 2024, 4:12 PM ET
Accession number0002039852-24-000009

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.