Bancorp’s Fintech Comeback Gains Momentum

The Bancorp, Inc. posted second-quarter diluted earnings per share of $1.45, representing growth from $1.27 in the year-ago quarter and exceeding Wall Street expectations of $1.36. The financial institution operates as a banking-as-a-service sponsor, providing deposit-holding and card-issuing services to fintech applications including Chime, PayPal, and Cash App, allowing these firms to offer banking services without becoming chartered banks themselves.
The company’s profitability metrics