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Dec 31, 2024
Bancorp Q4 2024 Earnings Report
The Bancorp reported financial results for the fourth quarter and full year of 2024.
Key Takeaways
The Bancorp reported significant Fintech business expansion and EPS growth in 2024. The company is affirming 2025 guidance of $5.25 a share, excluding planned buybacks.
Closed on the sale of an $82 million real estate bridge loan portfolio on December 31, 2024.
Total substandard loans decreased 14% to $134.4 million at December 31, 2024, from $155.4 million at September 30, 2024.
Special mention real estate bridge loans remained unchanged at $84.4 million as of December 31, 2024.
Affirmed 2025 guidance of $5.25 a share, excluding planned buybacks.
Bancorp
Bancorp
Forward Guidance
The Bancorp is affirming 2025 guidance of $5.25 a share. Planned buybacks have been reduced $100 million in 2025 from 2024 to facilitate the repayment of $96 million of senior secured debt.