The Bancorp (TBBK) Posts Q3 Loss of 54c/Share
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The Bancorp, Inc. Reports Third Quarter 2016 Financial Results
October 27, 2016 7:51 PM EDTWILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. ("The Bancorp") (NASDAQ: TBBK), a financial holding company, today reported financial results for third quarter 2016.
Highlights
Net interest income increased 32% to $23.5 million for the quarter ended September 30, 2016 compared to $17.8 million for the quarter ended September 30, 2015. Net interest margin increased to 2.69% for the quarter ended September 30, 2016 compared to 2.34% for the quarter ended September 30, 2015. Loans and continuing operations loans held for sale increased 31% to $1.76 billion at September 30, 2016 compared to $1.35 billion at September 30, 2015. Direct lease financing increased 49% to $332.6... More