Earnings Releases·Oct 29, 2026, 4:08 PM ET

The Bancorp — Q3 2026 Earnings Summary

Reported Q3 2026 net income of $62.8 million ($1.53 diluted EPS), a 29.7% year-over-year increase, driven by a 19.2% rise in fintech fees to $41.8 million and 23.4% growth in gross dollar volume, despite a decline in net interest income to $90.1 million and a compressed net interest margin of 3.75%.
Maintained 2026 core EPS guidance at $5.95–$6.05 while issuing new forward guidance of $7.00–$7.20 for 2027 and $8.00–$8.20 for 2028, anticipating accretion from fintech initiatives, AI adoption, and capital return strategies.
Executed $50.0 million in share repurchases during the quarter (822,229 shares) and targets $200 million for full-year 2026, with future buyback volumes targeted at approximately 100% of adjusted net income through Q1 2028.
Total loans grew 8.8% to $7.26 billion, fueled by a 19.3% increase in fintech loans to $936.6 million and growth in real estate bridge and SBLOC/IBLOC portfolios, though non-interest expenses rose to $63.5 million due to $4.3 million in restructuring costs and $1.9 million in legal settlement accruals.
Fintech partnerships continue to drive 96% of total deposits, while the company maintains "Well Capitalized" status and utilizes credit enhancement agreements to mitigate consumer credit losses, with an annualized net charge-off ratio of 2.09%.