The Bancorp (TBBK) Tops Q1 EPS by 2c
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The Bancorp, Inc. Reports First Quarter 2020 Financial Results
April 30, 2020 4:05 PM EDTWILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. ("The Bancorp") (NASDAQ: TBBK), a financial holding company, today reported financial results for the first quarter of 2020.
Highlights
For the quarter ended March 31, 2020, The Bancorp earned net income of $13.2 million from continuing operations, and $0.22 diluted earnings per share from combined continuing and discontinued operations. Net interest margin increased to 3.34% for the quarter ended March 31, 2020, compared to 3.12% for the quarter ended December 31, 2019. Net interest income increased 26% to $42.9 million for the quarter ended... More