The Bancorp (TBBK) Misses Q4 EPS by 17c; Provides FY20 EPS Outlook

The Bancorp (NASDAQ: TBBK) reported Q4 EPS of $0.03, $0.17 worse than the analyst estimate of $0.20.

GUIDANCE:

The Bancorp sees FY2020 EPS of $1.25-$1.34, versus the consensus of $1.20.

Damian Kozlowski, The Bancorp’s Chief Executive Officer, said, “This quarter we again experienced across the board increases in both spread and fee income driven by significantly higher loan balances and GDV growth. Performance in the 4th quarter positioned us well for continued progress in 2020. Based on our current momentum, we reaffirm a minimum of $1.25 earnings per share and a $1.34 EPS target for 2020.”

For earnings history and earnings-related data on The Bancorp (TBBK) click here.

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