The Bancorp, Inc. (NASDAQ: TBBK) named Dominic C. Canuso as its new Chief Financial Officer effective November 3, 2025. Canuso brings more than 25 years of experience in financial services, most recently serving as CFO at Capital Bank since July 2024 and at WSFS Bank from June 2016 to August 2023, and holding senior finance roles at Barclays Bank Delaware and Advanta Bank Corporation.
In his new role, Canuso will oversee the company’s financial strategy, capital allocation, and fintech‑driven expansion. He will guide the execution of The Bancorp’s long‑term initiatives, including share repurchase programs and debt refinancing, and support the company’s “APEX 2030” strategy to become a leading fintech ecosystem enabler.
The appointment follows the departure of interim CFO Martin Egan, who will continue as Chief Accounting Officer. Canuso’s compensation package includes an annual base salary of $500,000 and cash and equity incentive targets tied to 2025 performance.
The Bancorp reported net income of $54.9 million ($1.18 per diluted share) for Q3 2025, up from $51.5 million ($1.04 per diluted share) in Q3 2024. Net interest income for the quarter was $94.2 million, compared with $93.73 million a year earlier. The company’s growth targets include an EPS of $5.25 by 2025 and a $7 EPS run‑rate by the end of 2026.
Management highlighted that the appointment of Canuso is intended to strengthen the company’s financial leadership as it pursues aggressive growth targets in the fintech space, leveraging its position as the #1 prepaid card issuing bank and #6 debit card issuing bank in 2024.
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