The Bancorp (TBBK) Misses Q1 EPS by 9c
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The Bancorp, Inc. Reports First Quarter 2016 Financial Results
April 28, 2016 5:25 PM EDTWILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. ("The Bancorp") (NASDAQ: TBBK), a financial holding company, today reported financial results for first quarter 2016.
Highlights
Net interest income increased 24% to $20.6 million for the quarter ended March 31, 2016 compared to $16.5 million for the quarter ended March 31, 2015. Loans and continuing operations loans held for sale increased 29% to $1.43 billion at March 31, 2016 compared to $1.11 billion at March 31, 2015. Small Business Administration (SBA) loans increased 51% to $334.4 million from $221.9 million at March 31, 2015. Security backed lines of credit (SBLOC) increased 32% to $592.7 million from $447.6 million at... More