The Bancorp (TBBK) Reports In-Line Q1 EPS

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Go back to The Bancorp (TBBK) Reports In-Line Q1 EPS

The Bancorp, Inc. Reports First Quarter 2022 Financial Results

April 28, 2022 4:05 PM EDT

WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. ("The Bancorp") (NASDAQ: TBBK), a financial holding company, today reported financial results for the first quarter of 2022.

Highlights

For the quarter ended March 31, 2022, The Bancorp earned net income of $29.0 million, or $0.50 diluted earnings per share, compared to net income of $26.0 million, or $0.44 diluted earnings per share for the quarter ended March 31, 2021. Return on assets and equity for the quarter ended March 31, 2022 amounted to 1.7% and 18%, respectively, compared to 1.6% and 18%, respectively, for the quarter ended March 31, 2021 (all percentages... More