Below are the financial statements of Bancorp, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 |
---|---|---|
Cash and cash equivalents | — | — |
Cash and due from banks | 6.06a | 4.82a |
Interest-earning deposits at Federal Reserve Bank | 564.06a | 1,033.27a |
Total cash and cash equivalents | 570.12a | 1,038.09a |
Assets | — | — |
Investment securities, available-for-sale, at fair value, net of $10.0 million allowance for credit loss at December 31, 2023 | 1,502.86a | 747.53a |
Commercial loans, at fair value | 223.12a | 332.77a |
Loans, net of deferred loan fees and costs | 6,113.63a | 5,361.14a |
Allowance for credit losses | -44.85a | -27.38a |
Loans, net | 6,068.78a | 5,333.76a |
Stock in Federal Reserve, Federal Home Loan and Atlantic Central Bankers Banks | 15.64a | 15.59a |
Premises and equipment, net | 27.57a | 27.47a |
Accrued interest receivable | 41.71a | 37.53a |
Intangible assets, net | 1.25a | 1.65a |
Other real estate owned | 62.03a | 16.95a |
Deferred tax asset, net | 18.87a | 21.22a |
Credit enhancement asset | 12.91a | 0a |
Other assets | 182.69a | 133.13a |
Total assets | 8,727.54a | 7,705.7a |
Deposits | — | — |
Demand and interest checking | 7,434.21a | 6,630.25a |
Savings and money market | 311.83a | 50.66a |
Total deposits | 7,746.05a | 6,680.91a |
Liabilities | — | — |
Securities sold under agreements to repurchase | 0a | 0.04a |
Senior debt | 96.21a | 95.86a |
Subordinated debentures | 13.4a | 13.4a |
Other long-term borrowings | 14.08a | 38.56a |
Other liabilities | 68.02a | 69.64a |
Total liabilities | 7,937.76a | 6,898.41a |
Shareholders' equity | — | — |
Common stock - authorized, 75,000,000 shares of $1.00 par value; 47,713,481 and 47,310,750 shares issued and outstanding, respectively, at December 31, 2024 and 53,202,630 shares issued and outstanding at December 31, 2023 | 47.71a | 53.2a |
Treasury stock at cost, 402,731 shares at December 31, 2024 and 0 shares at December 31, 2023, respectively | -22.68a | 0a |
Additional paid-in capital | 3.23a | 212.43a |
Retained earnings | 779.16a | 561.62a |
Accumulated other comprehensive loss | -17.64a | -19.97a |
Total shareholders' equity | 789.78a | 807.28a |
Total liabilities and shareholders' equity | 8,727.54a | 7,705.7a |
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