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 7.8million,comparedto7.8 million, compared to 7.9 million in the prior quarter and 15.5million(GAAPbasis),or15.5 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 8.7millionanda8.7 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 ...