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 2023 Financial Results

July 27, 2023 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 2023.

Highlights

The Bancorp reported net income of $49.0 million, or $0.89 per diluted share, for the quarter ended June 30, 2023, compared to net income of $30.4 million, or $0.53 per diluted share, for the quarter ended June 30, 2022, or a 68% increase in income per diluted share. Return on assets and equity for the quarter ended June 30, 2023 amounted to 2.6% and 27%, respectively, compared to 1.7% and 19%, respectively, for the... More