The Bancorp (TBBK) Tops Q2 EPS by 7c

The Bancorp (NASDAQ: TBBK) reported Q2 EPS of $0.35, $0.07 better than the analyst estimate of $0.28.

Damian Kozlowski, The Bancorp’s Chief Executive Officer, said, “We have continued to experience momentum in our core earnings driven by higher interest income with falling interest expense, increased loan balances and higher payment volumes. In the second quarter of 2020, the Bancorp earned 35 cents a share from both increased fee and spread revenue. While the pandemic continues to be a significant source of market uncertainty, we have been able to achieve better revenue productivity and operating efficiency during this time, while also making investments in our platform. Our earnings guidance for full year 2020 continues to be $1.25 per share.”

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Evogene chairman to address dissident shareholders on results call
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49