The Bancorp (TBBK) Posts Q2 EPS pf $0.34

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The Bancorp, Inc. Reports Second Quarter 2017 Financial Results

July 27, 2017 4:02 PM EDT

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

Highlights

Net income of $18.9 million and earnings per diluted share of $0.34 which includes an approximate $12.0 million tax benefit resulting primarily from reversal of valuation allowances. Net interest income increased 30% to $27.2 million for the quarter ended June 30, 2017, compared to $20.9 million for the quarter ended June 30, 2016. Net interest margin increased to 3.10% for the quarter ended June 30, 2017, compared to 2.73% for the quarter ended... More