The Bancorp (TBBK) Tops Q1 EPS by 12c
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The Bancorp, Inc. Reports First Quarter 2023 Financial Results
April 27, 2023 4:05 PM EDTWILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. ("The Bancorp" or we) (NASDAQ: TBBK), a financial holding company, today reported financial results for the first quarter of 2023.
Highlights
The Bancorp reported net income of $49.1 million, or $0.88 per diluted share, for the quarter ended March 31, 2023, compared to net income of $29.0 million, or $0.50 per diluted share, for the quarter ended March 31, 2022, or a 76% increase in income per diluted share. Return on assets and equity for the quarter ended March 31, 2023 amounted to 2.6% and 28%, respectively, compared to 1.7% and 18%,... More