The Bancorp (TBBK) Tops Q2 EPS by 1c

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Go back to The Bancorp (TBBK) Tops Q2 EPS by 1c

The Bancorp, Inc. Reports Second Quarter 2022 Financial Results and Updates Full Year 2022 Guidance

July 28, 2022 4:05 PM EDT

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

Highlights

For the quarter ended June 30, 2022, The Bancorp earned pre-tax income of $41.1 million, compared to $37.0 million for the quarter ended June 30, 2021. The 2021 quarter included $4.3 million of Payroll Protection Program (PPP) related interest and fees, substantially all of which were eliminated in the current year quarter. For those respective periods, net income amounted to $30.4 million, or $0.53 diluted earnings per share, compared to net... More