The Bancorp, Inc. (NASDAQ:TBBK) Q2 2024 Earnings Conference Call July 26, 2024 8:00 AM ET Company Participants Andres Viroslav - Director, Investor Relations Damian Kozlowski - Chief Executive Officer Paul Frenkiel - Chief Financial Officer Conference Call Participants David Feaster - Raymond James Tim Switzer - KBW Frank Schiraldi - Piper Sandler Operator Good day and welcome to The Bancorp, Inc. Q2 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's ...

n t New York Community Bank (NYSE:NYCB) reported a Q2 with a headline adjusted earnings loss of $1.05/share. This was much wider than the ~$.45/share loss expected. I'll go through the numbers in what, I think, is the order of importance. NYCB Liquidity Profile (NYCB Q2 Earnings Presentation) Cost of Funds: (bp): The company brought the full-year guide for NIM down from 2.20-2.30% to 2.00-2.10%. That 20 bps is worth about $160-170 million of pre-tax interest income. Combine that with fewer assets due to the ...

For the quarter ended June 2024, The Bancorp (TBBK) reported revenue of $124.52 million, up 6.9% over the same period last year. EPS came in at $1.07, compared to $0.89 in the year-ago quarter. The reported revenue represents a surprise of -2.30% over the Zacks Consensus Estimate of $127.45 million. With the consensus EPS estimate being $1.10, the EPS surprise was -2.73%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

This quarterly report represents an earnings surprise of -2.73%. A quarter ago, it was expected that this holding company for The Bancorp Bank would post earnings of $1.06 per share when it actually produced earnings of $1.06, delivering no surprise. The Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $124.52 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 2.30%. This compares to year-ago revenues of $116.53 million. The company has topped ...

Second Quarter 2024 Highlights: EFFINGHAM, Ill., July 25, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the "Company") today reported net income available to common shareholders of $4.5 million, or $0.20 per diluted share, for the second quarter of 2024, compared to $11.7 million, or $0.53 per diluted share, for the first quarter of 2024. This also compares to net income available to common shareholders of $19.3 million, or $0.86 per diluted share, for the second quarter of 2023. "We ...

- Net Income of $3.2 Million for Second Quarter of 2024 - - Diluted Earnings Per Share of $0.24 for Second Quarter of 2024 - MURRAY, Utah, July 25, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Loan originations were $1.2 billion, compared to $1.1 billion for the quarter ended March 31, 2024, and $1.2 billion for the second quarter o ...

Earnings per diluted share of $0.64; $0.65 on an adjusted(1) basis Return on average assets of 1.38%; 1.40% on an adjusted(1) basis Net interest margin on FTE basis(1) of 4.10% Record fee income of $61.5 million Loan growth of $316.1 million; 11.3% on an annualized basis Average deposit growth of $351.1 million; 10.6% on an annualized basis Net charge-offs 0.15% of total loans; 23 bp decline from linked quarter Board of Directors approved quarterly dividend increase to $0.24 CINCINNATI , July 25, 2024 /PRNe ...

Exhibit 99.1 Wilmington, DE – July 25, 2024 – The Bancorp, Inc. ("The Bancorp" "the Company" or "we" or "our") (NASDAQ: TBBK), a financial holding company, today reported financial results for the second quarter of 2024. One of the accounting estimates as described in the notes to our financial statements, is the allowance for credit losses ("ACL"), which is sensitive to a variety of inherent portfolio and external factors. REBL may be one of the more sensitive portfolios to such factors. In the second quar ...

PORT ANGELES, Wash., July 25, 2024 (GLOBE NEWSWIRE) -- "In spite of challenging times for the entire industry as a result of the rate environment, First Northwest executed on a balance sheet restructure strategy. The restructure included a sale-leaseback transaction for six of our branches, a restructure of our bank-owned life insurance policies, two securities loss sale transactions, two balance sheet hedges against fixed rate loans and municipal bonds and the sale of our Visa B shares," commented Matthew ...

| --- | --- | --- | --- | |---------------------------------------------------------------------------|--------|--------|--------| | | | | | | liabilities | | | | | Asset Quality Ratios: | | | | | Non-performing assets to total assets | 0.30 | 0.19 | 0.29 | | Non-performing loans (3) to total loans (4) | 0.42 | 0.24 | 0.41 | | Allowance for credit losses to non-performing loans | 200.96 | 398.24 | 214.83 | | Allowance for credit losses to total loans held-for-investment, net (5) | 0.85 | 0.96 | 0.89 | | --- ...