NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Bancorp, Inc. (NASDAQ: TBBK) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Bancorp, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/the-bancorp-inc. Investors have until May 16, 2025, to ask the Court to be appointed to lea ...

Core Viewpoint - The Bancorp, Inc. is facing a class action lawsuit due to allegations of misrepresentation regarding the risks associated with its real estate bridge loans, leading to significant stock price declines and investor losses [1][3][7]. Group 1: Allegations and Financial Impact - Culper Research released a report on March 21, 2024, claiming that Bancorp understated risks of default and losses related to its real estate bridge loans, highlighting a portfolio filled with high-risk borrowers and properties in poor condition [3]. - Following the report, Bancorp's stock price dropped by $3.63 (10.15%) to close at $32.12 per share on March 21, 2024, amid heavy trading [4]. - On October 24, 2024, Bancorp reported Q3 2024 earnings of $51.5 million in net income, but attributed part of this to adjustments in credit loss provisions, which reduced net income by $1.5 million after taxes [5]. - The stock price fell by $7.95 (14.47%) to $47.01 per share on October 25, 2024, following the earnings report [6]. Group 2: Regulatory and Financial Reporting Issues - On March 4, 2025, Bancorp announced that its financial statements for 2022-2024 "should no longer be relied upon," indicating issues with auditor approval and the need for an internal review of loan accounting [7]. - The stock price declined by $2.34 (4.38%) to close at $51.25 per share on March 5, 2025, after this announcement [8].

Core Viewpoint - Farmers & Merchants Bancorp, Inc. reported strong financial results for the first quarter of 2025, highlighting improved profitability, revenue growth, and operational efficiency, driven by strategic priorities and effective execution by the team [2][11]. Financial Performance - Net income for Q1 2025 was $7.0 million, a 29.7% increase from $5.4 million in Q1 2024, with earnings per share rising to $0.51 from $0.39 [3][21]. - Total revenue increased by 16.7% year-over-year, while noninterest expense rose by 5.2%, leading to a 49.6% increase in pre-tax, pre-provision income [2][7]. Asset and Deposit Growth - Total deposits reached $2.70 billion, reflecting a 3.0% increase from $2.62 billion a year earlier [4][19]. - The company successfully optimized its deposit base, with a year-over-year decline of $19.5 million in more expensive time-account balances, while core deposits grew by $78.9 million [5][11]. Loan Portfolio and Quality - Total loans increased by 1.6% year-over-year to $2.58 billion, driven by growth in agricultural, commercial, and industrial loans [6][21]. - Nonperforming loans represented only 0.17% of total loans, maintaining strong asset quality [7][22]. Efficiency and Ratios - The net interest margin improved by 43 basis points year-over-year to 3.03%, with a cost of interest-bearing liabilities decreasing to 2.76% from 3.06% [2][21]. - The efficiency ratio improved to 66.79%, down from 74.08% in the previous year [7][21]. Stockholders' Equity and Dividends - Total stockholders' equity increased by 8.5% to $344.6 million, with a tangible book value per share of $19.17 [11][12]. - The company declared cash dividends of $0.22125 per share, a 0.6% increase from the same period last year, with a dividend payout ratio of 43.10% [13][21].

First Quarter 2025 Highlights Net Income of $13.9 million, or $0.82 per share, and return on average assets ("ROA") of 1.75% Core net income(1) of $14.9 million, or $0.88 per share, and core ROA(1) of 1.87% Book value per common share of $22.19 at March 31, 2025, increased $0.87 compared to 4Q 2024, and increased $3.51 when compared to 1Q 2024. Tangible Book Value Per Share(1) of $19.81, increased 3.7% (not annualized), or $0.71(2) as compared to 4Q 2024, and increased 6.0%, or $1.13 compared to 1Q 2024 Ret ...

BAKERSFIELD, Calif., April 28, 2025 /PRNewswire/ -- Mission Bancorp (OTC Pink: MSBC), announced today that its Board of Directors has extended its stock repurchase plan and approved a 5.00% stock dividend."The approval of this annual stock dividend is a result of our Company's hard work and determination during a year of uncertainty. Our deposit growth in 2024 set us apart from the rest, and I look forward to what we will accomplish in 2025," said President and Chief Executive Officer, AJ Antongiovanni. "We ...

My last article on Old National Bancorp (NASDAQ: ONB ) was about a year ago, and I highlighted the quality of its deposits but also the unrealized losses that limited its upside. Loans struggled to grow on a quarterly basis, and the sameHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old.In 2023 I graduated in Business Administration and I completed CFA level 1 in 2024. I am currently a Popular Investor on the investing platform eToro, you can see there my publi ...

First quarter 2025 net income of $58.2 million, decreased $28.8 million compared to first quarter of 2024 and decreased $37.4 million compared to the fourth quarter 2024, reflecting market uncertainty that delayed origination closings and permanent loan conversions in a growing pipeline, which negatively impacted the recognition of gain on sale and net interest margin. The decrease in net income was also impacted by unfavorable fair market value adjustments to servicing rights and derivatives compared to p ...

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NEW YORK, April 27, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Bancorp, Inc. (NASDAQ: TBBK) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Bancorp, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/the-bancorp-inc. Investors have until May 16, 2025, to ask the Court to be appointed to lea ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against The Bancorp, Inc. due to allegations of securities law violations, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by May 16, 2025 [3][11]. Group 1: Allegations Against The Bancorp - The complaint alleges that The Bancorp and its executives made false or misleading statements regarding the risks associated with its REBL loan portfolio, including underrepresenting the risk of default [5]. - It is claimed that the company's expected credit loss methodology was inadequate, leading to a likely increase in provisions for credit losses [5]. - The company reportedly had material weaknesses in its internal controls over financial reporting, and its financial statements were not approved by independent auditors, making them unreliable [5]. Group 2: Market Reactions and Financial Disclosures - Following a report from Culper Research on March 21, 2024, alleging significant risks in the company's loan portfolio, The Bancorp's share price fell by $3.63, or 10.15%, closing at $32.12 [7]. - On October 24, 2024, the company reported a net income of $51.5 million for Q3 2024, but this included a $1.5 million reduction due to increased provisions for credit losses, leading to a share price drop of $7.95, or 14.47%, to $47.01 [8]. - On March 4, 2025, The Bancorp disclosed that its financial statements for fiscal years 2022 to 2024 should no longer be relied upon, resulting in a share price decline of $2.34, or 4.38%, to $51.25 [9][10].