The Bancorp (TBBK) Tops Q1 EPS by 7c

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The Bancorp, Inc. Reports First Quarter 2017 Financial Results

April 27, 2017 4:05 PM EDT

WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. ("The Bancorp") (NASDAQ: TBBK), a financial holding company, today reported financial results for first quarter 2017.

Highlights

Net income of $8.0 million and diluted earnings per share of $0.14. Net interest income increased 21% to $24.9 million for the quarter ended March 31, 2017, compared to $20.6 million for the quarter ended March 31, 2016. Non-interest income increased 30% to $24.2 million for the quarter ended March 31, 2017, compared to $18.7 million for the quarter ended March 31, 2016. Net interest margin increased to 2.70% for the quarter ended... More