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Jun 30, 2024
Bancorp Q2 2024 Earnings Report
Reported financial results for the second quarter of 2024.
Key Takeaways
The Bancorp reported continued broad-based momentum in deposit volumes and deposit stability in Q2 2024. They are lifting their 2024 guidance to $4.35 a share from $4.25 a share without including the impact of $50 million of quarterly share buybacks.
Entered into a purchase and sale agreement for an apartment property acquired through foreclosure, with a closing deadline of December 31, 2024.
REBL loans classified as either special mention or substandard increased to $177.1 million.
Initiated measured entry into consumer fintech lending, with $72.4 million in such loans at June 30, 2024.
Weighted average origination date “as is” LTV of 70% for real estate bridge lending portfolio.
Bancorp
Bancorp
Bancorp Revenue by Segment
Revenue by Segment
Total Fintech Fees Revenue
CapyFin.comACH & Card Fees Revenue
CapyFin.comPrepaid & Debit Card Fees Revenue
CapyFin.comConsumer Fintech Fees Revenue
CapyFin.comLeasing Income Revenue
CapyFin.com Forward Guidance
The Bancorp is lifting their 2024 guidance to $4.35 a share from $4.25 a share without including the impact of $50 million of quarterly share buybacks.