The Bancorp Q3 net income rises on fintech fee growth
TBBK•The Bancorp reported Q3 net income of $62.8 million and diluted EPS of $1.53, with fintech fee growth driving the year-over-year EPS increase. It maintained 2026 Core EPS guidance at $5.95-$6.05 and provided 2027 and preliminary 2028 ranges of $7.00-$7.20 and $8.00-$8.20, respectively.
1. Quarterly results
The Bancorp reported Q3 net income of $62.78 million, diluted EPS of $1.53 and net interest income of $90.07 million. The company said higher fintech fees, driven by increased volume with existing partners and products and expansion of its fintech business, lifted diluted EPS year over year.
2. Guidance and drivers
The Bancorp maintained its 2026 Core EPS guidance at $5.95-$6.05, gave a 2027 baseline range of $7.00-$7.20 and initiated preliminary 2028 guidance of $8.00-$8.20. Fintech loan growth contributed to portfolio expansion as the company shifted toward sponsored lending; it also cited productivity gains from restructuring and AI adoption.
3. Share repurchases
The company repurchased $50 million in shares, representing 2% of its outstanding stock.
