The Bancorp, Inc. (NASDAQ: TBBK) reported financial results for the third quarter of 2026, filing an -K with the SEC on October 29, 2026. The company reported net income of $62.8 million and diluted earnings per share (EPS) of $1.53 for the quarter. This represents a 29.7% increase in diluted EPS compared to the same period in 2025.
Key financial metrics for the quarter included a return on assets (ROA) of 2.51% and a return on equity (ROE) of 36.0%. The company reported net interest income of $90.1 million and a net interest margin of 3.75%. Total non-interest income for fintech fees was $41.8 million.
The company updated its earnings guidance, maintaining a Core EPS range of $5.95 to $6.05 for 2026. It raised its Core EPS baseline guidance for 2027 to a range of $7.00 to $7.20 per share. The company also initiated preliminary Core EPS guidance for 2028 of $8.00 to $8.20 per share. These guidance figures include the impact of stock buybacks.
The company announced plans to repurchase $200 million of shares in 2026, or approximately $50 million per quarter. It stated that it is targeting buyback amounts for 2027 through the first quarter of 2028 to be approximately 100% of Adjusted net income.
Loan portfolio growth was a significant focus of the report. As of September 30, 2026, loans, net of deferred fees and costs, totaled $7.26 billion, an 8.8% increase from the same period in 2025. Fintech loans specifically totaled $936.6 million, accounting for 12.7% of the total loan portfolio and increasing 19.3% from the prior year.
Deposits averaged $8.42 billion for the quarter, a 10.4% increase from 2025. The company noted that Fintech partnerships generate 96% of total deposits, with 94% of deposits being insured.
