The Bancorp (TBBK) Tops Q4 EPS by 5c

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Go back to The Bancorp (TBBK) Tops Q4 EPS by 5c

The Bancorp, Inc. Reports Fourth Quarter 2020 Financial Results

January 28, 2021 4:05 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 of 2020.

Highlights

For the quarter ended December 31, 2020, The Bancorp earned net income of $24.0 million from continuing operations, and $0.41 diluted earnings per share from combined continuing and discontinued operations. Annualized return on assets and equity for the quarter ended December 31, 2020 amounted to 1.6% and 17%, respectively, compared to 1.5% and 17% (annualized), respectively, for the quarter ended September 30, 2020. Net... More