Private Bancorp of America, Inc. Announces Strong Net Income and Earnings Per Share for Second Quarter 2024
TBBKThe Bancorp(TBBK) GlobeNewswire News Room·2024-07-19 17:00

Second Quarter 2024 Highlights Net income for the second quarter of 2024 of $7.8 million, compared to $7.9 million in the prior quarter and $15.5 million (GAAP basis), or $8.3 million(1) (as adjusted), in the second quarter of 2023. The second quarter of 2023 included loan recoveries of $8.7 million and a $1.6 million benefit from legal fees waived or collected related to the settlement of the ANI loan lawsuit (see non-GAAP reconciliation in the accompanying financial tables of this press release). Net inco ...