Bancorp Q3 net income $51.5M, EPS $1.04; guides FY2025 EPS $5.25

Bancorp, Inc.

2024-Q3 EPS reported $3.15

Net income $51.5M ($1.04 EPS) vs $50.1M ($0.92) a year ago; net interest income up 5% to $93.7M.
REBL substandard loans doubled to $155.4M; CECL factor added with $1.5M after-tax hit.
Share repurchases accelerated: 1.04M shares at avg $48.21 in Q3; shares outstanding down 9% to 48.2M.
Preliminary 2025 EPS guidance of $5.25 (excl buybacks); 2024 guidance reaffirmed at $4.35.
Planned 2025 buybacks $150M (down from $250M) to repay $96M senior secured debt.

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