The Bancorp (TBBK) Misses Q4 EPS by 6c

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Go back to The Bancorp (TBBK) Misses Q4 EPS by 6c

The Bancorp, Inc. Reports Fourth Quarter and Full Year 2018 Financial Results

January 24, 2019 4:30 PM EST

WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. ("The Bancorp") (NASDAQ: TBBK), a financial holding company, today reported financial results for the fourth quarter and full year 2018.

Highlights

Net interest income increased 15% to $30.6 million for the quarter ended December 31, 2018, compared to $26.7 million for the quarter ended December 31, 2017. Interest income on security backed lines of credit (SBLOC) loans increased 40% to $8.3 million for the quarter ended December 31, 2018, compared to $5.9 million for the quarter ended December 31, 2017. Net interest margin increased to 3.32% for the quarter ended December 31,... More