The Bancorp(US:TBBK) Globenewswire·2026-01-16 13:00Core Insights - The company reported a net income of $10.0 million for Q4 2025, an increase from $9.7 million in Q3 2025 but a decrease from $10.7 million in Q4 2024, with diluted earnings per share at $1.71 [3][5] - For the full year 2025, net income reached $40.7 million, up 13.5% from $35.8 million in 2024, with diluted earnings per share increasing to $6.92 from $6.15 [5][6] Financial Performance - Net interest income for Q4 2025 was $31.1 million, a 5.9% increase from the prior quarter and a 13.3% increase from Q4 2024 [7][8] - The net interest margin improved to 4.84% in Q4 2025, up from 4.65% in Q3 2025 and 4.67% in Q4 2024, primarily due to a decrease in the cost of deposits [8][11] - Total deposits as of December 31, 2025, were $2.22 billion, a decrease of $48.5 million from the previous quarter but an increase of $89.4 million from the previous year [5][17] Asset Quality - The provision for credit losses in Q4 2025 was $2.6 million, compared to $1.8 million in Q3 2025 and $17 thousand in Q4 2024, reflecting net charge-offs and loan portfolio growth [9][19] - Criticized loans totaled $73.2 million, or 3.44% of total loans, as of December 31, 2025, an increase from $70.5 million, or 3.39%, at the end of Q3 2025 [19][20] Capital and Liquidity - The company's capital ratios remained above the "well capitalized" thresholds, with a Tier I leverage ratio of 10.85% and a total risk-based capital ratio of 13.88% as of December 31, 2025 [22] - Total available liquidity was $2.2 billion, representing 201.8% of uninsured deposits, indicating a strong liquidity position [18] Strategic Initiatives - The company is focused on expanding its internal infrastructure and client delivery capabilities, with significant investments in technology and team members planned for 2026 [4][6] - The bank's expansion into Santa Barbara County and enhancements to core systems and digital capabilities are aimed at improving client service and long-term growth [6]