The Bancorp (TBBK) Tops Q3 EPS by 6c
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The Bancorp, Inc. Reports Third Quarter 2018 Financial Results
October 25, 2018 4:30 PM EDTWILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. ("The Bancorp") (NASDAQ: TBBK), a financial holding company, today reported financial results for the third quarter of 2018.
Highlights
Pretax income from continuing operations increased to $83.2 million for the quarter ended September 30, 2018 compared to $12.2 million for the quarter ended September 30, 2017. The increase reflected a $65.0 million gain on the sale of the Companys Individual Retirement Account portfolio. Diluted earnings per share for the quarter ended September 30, 2018 were $1.07 and $0.23, excluding the tax effected impact of... More