Capital Allocation

The Bancorp, Inc. (TBBK) has successfully completed a $200 million offering of 7.375% Senior Notes due 2030, generating approximately $197 million in net proceeds. The Bancorp intends to use the funds to redeem existing senior notes, repurchase shares, and support general corporate purposes, including expansion of The Bancorp Bank, National Association. The notes, maturing on September 1, 2030, feature semi-annual interest payments and redemption options. Piper Sandler & Co. and Raymond James & Associates, Inc. managed the deal.

Consensus Cloud Solutions (CCSI) reported Q2 2025 results with revenue up 0.3% to $87.7 million, driven by 6.9% growth in its Corporate business. Net income was $20.8 million, with a 23.7% margin, while adjusted EBITDA reached $48.1 million (54.8% margin). Adjusted diluted EPS increased 2.1% to $1.46. The company generated $28.3 million in net cash from operating activities and $20.3 million in free cash flow. They also secured a $225 million credit facility and continued debt/stock repurchase programs with $57.9 million cash on hand.

Valley National Bancorp reaffirmed quarterly dividends, maintaining its common stock payout at $0.11 (July 1) and preferred share distributions (Series A: $0.390625, B: $0.514326, C: $0.515625) payable June 30. While highlighting near-term stability, leadership warned against assuming dividend predictability. The regional bank’s strategy balances shareholder returns with capital preservation, featuring a conservative 1.9% annualized yield on common shares and preferred stock averaging 5.7%, aligning with market expectations. Analysts note Valley’s approach addresses regulatory and competitive pressures as it expands operations, though common dividends remain discretionary, tied to earnings and economic conditions.