Group 1 - Monteverde & Associates PC is investigating HarborOne Bancorp regarding its proposed merger with Eastern Bankshares, Inc. [1] - Under the merger agreement, HarborOne shareholders will receive either 0.765 shares of Eastern common stock or $12.00 in cash per share of HarborOne common stock [1] - Monteverde & Associates PC has a successful track record in recovering millions for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1][2] Group 2 - The firm operates from the Empire State Building in New York City and is a national class action securities firm [2] - Monteverde & Associates PC emphasizes that no company, director, or officer is above the law, encouraging shareholders with concerns to reach out for more information [3] - The firm has a history of litigating and recovering money for shareholders, including cases that have reached the U.S. Supreme Court [2][4]

THE BANCORP INVESTOR PRESENTATION APRIL 2025 2 FORWARD LOOKING STATEMENTS & OTHER DISCLOSURES Statements in this presentation regarding The Bancorp, Inc.'s ("The Bancorp") business, that are not historical facts, are "forward-looking statements." These statements may be identified by the use of forward-looking terminology, including the words "intend," "may," "believe," "will," "expect," "look," "anticipate," "plan," "estimate," "continue," or similar words. Forward-looking statements include but are not li ...

Financial Data and Key Metrics Changes - The Bancorp earned $1.19 per diluted share in Q1 2025, reflecting a 12% increase over Q1 2024 [9] - Net income increased by 1% year-over-year, while outstanding shares were reduced due to increased repurchases in 2024 [10] - Net interest income decreased by 3% compared to Q1 2024, impacted by a lower rate environment [16] - Loan balances grew by 17% year-over-year, but net interest income from loans was down 5% [11][12] Business Line Data and Key Metrics Changes - The FinTech Solutions Group showed significant momentum with GDP increasing by 18% year-over-year and total fees growing by 26% [10] - Credit sponsorship balances grew to $574 million, a 26% increase quarter-over-quarter, with expectations to exceed $1 billion by year-end 2025 [10] - Average FinTech Solutions deposits increased by 26% to $7.81 billion from $6.18 billion in Q1 2024 [17] - Non-interest income for Q1 2025, excluding consumer fintech loan credit enhancement income, was $37.8 million, a 29% increase from Q1 2024 [17] Market Data and Key Metrics Changes - The company experienced strong deposit growth during the tax season, reaching $9 billion in deposit balances for the first time [52] - The impact of tax refunds was noted as a factor that slowed growth in the first quarter [10] Company Strategy and Development Direction - The company is focused on reducing substandard assets in its Rebel portfolio, with substandard loans down 1% and special mentioned loans down 20% compared to the prior quarter [13] - The company confirmed guidance of $5.25 per diluted share for 2025, excluding the impact of $150 million in stock buybacks authorized for the year [14] - The Bancorp is preparing to expand relationships with larger partners and enhance product capabilities, aiming for sustained GDP growth [66] Management's Comments on Operating Environment and Future Outlook - Management believes that the current economic environment presents opportunities for growth, particularly in the FinTech sector [66] - The company expects to maintain a sustainable level of higher GDP growth and is investing in its platform to support this [67] - Management noted that inflation could positively impact revenue realization, as much of the payment volume is necessary spending [81] Other Important Information - The company recorded provisions for credit losses for consumer fintech loans at $45.9 million, with no impact on net income [15] - Non-interest expense for Q1 2025 was $53.3 million, a 14% increase from Q1 2024, driven by an 11% increase in salaries and benefits [18] Q&A Session Summary Question: Margin and Asset Sensitivity - The average yield on fintech loans is 5%, primarily flowing through fees rather than net interest income [31] - Asset sensitivity has been reduced significantly, currently around 1% [30] Question: Credit Sponsorship and Outflows - Management has not disclosed specific numbers regarding outflows from the Rebel portfolio but noted that enhanced underwriting is in place [42][44] Question: Deposit Costs and NIM - Higher deposit costs were attributed to a mix issue and insurance-related deposits, which are expected to roll off [49] Question: GDP Growth and Consumer Behavior - Management indicated that necessary spending remains stable despite economic uncertainty, with inflation potentially benefiting revenue realization [81] Question: Share Repurchase Activity - The company is considering increasing buyback activity, subject to board approval, while also planning to repay debt [78] Question: Acquisition Opportunities - The company is exploring opportunities to acquire new programs or portfolios due to disruptions in the banking-as-a-service space [63]

Core Viewpoint - Rowley Law PLLC is investigating potential securities law violations by HarborOne Bancorp, Inc. related to its proposed acquisition by Eastern Bankshares, Inc. [1] Summary by Relevant Sections Acquisition Details - HarborOne Bancorp, Inc. is set to be acquired by Eastern Bankshares, Inc. Stockholders will receive either $12.00 in cash or 0.765 shares of Eastern Bankshares common stock for each share of HarborOne Bancorp they hold [1] - The total value of the transaction is approximately $490 million, with an expected closing date in the fourth quarter of 2025 [1] Legal Investigation - Rowley Law PLLC is conducting an investigation into the acquisition process to determine if there have been any violations of securities laws by HarborOne Bancorp and its board of directors [1]

AMESBURY, Mass., April 25, 2025 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended March 31, 2025 of $2.2 million, or $0.13 per diluted share, compared to $4.9 million, or $0.29 per diluted share, for the quarter ended December 31, 2024, and $5.0 million, or $0.30 per diluted share, for the quarter ended March 31, 2024. The Company's return on average assets was 0.58% for the quarter ended March 3 ...

The Bancorp, Inc. (NASDAQ:TBBK) Q1 2025 Results Conference Call April 25, 2025 8:00 AM ET Company Participants Andres Viroslav - Director, IR Damian Kozlowski - CEO Martin Egan - Chief Financial & Accounting Officer Conference Call Participants Frank Schiraldi - Piper Sandler Tim Switzer - KBW Joe Yanchunis - Raymond James Operator Good afternoon, ladies and gentlemen. And welcome to The Bancorp, Inc. Q1 2025 earnings conference call. At this time, all lines are in listen-only mode. Following the presentati ...

NEW YORK, April 25, 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 ...

For the quarter ended March 2025, The Bancorp (TBBK) reported revenue of $175.39 million, up 41.7% over the same period last year. EPS came in at $1.19, compared to $1.06 in the year-ago quarter.The reported revenue represents a surprise of +18.77% over the Zacks Consensus Estimate of $147.67 million. With the consensus EPS estimate being $1.22, the EPS surprise was -2.46%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

The Bancorp (TBBK) came out with quarterly earnings of $1.19 per share, missing the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.46%. A quarter ago, it was expected that this holding company for The Bancorp Bank would post earnings of $1.13 per share when it actually produced earnings of $1.15, delivering a surprise of 1.77%.Over the last fou ...

PRINCETON, N.J., April 24, 2025 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations for the quarter ended March 31, 2025.President/CEO Edward Dietzler commented on the quarter results, "The Company completed the first quarter of 2025 with a strong financial performance in this challenging interest rate environment. The Company exhibited strong loan ...