The Bancorp (TBBK) Reports In-Line Q4 EPS

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Go back to The Bancorp (TBBK) Reports In-Line Q4 EPS

The Bancorp, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Updates 2024 Guidance

January 25, 2024 4:05 PM EST

WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. ("The Bancorp" or we) (NASDAQ: TBBK), a financial holding company, today reported financial results for the fourth quarter and full year of 2023.

Highlights

The Bancorp reported net income of $44.0 million, or $0.81 per diluted share, for the quarter ended December 31, 2023, compared to net income of $40.2 million, or $0.71 per diluted share, for the quarter ended December 31, 2022. Excluding the tax effected impact of a $10.0 million provision for credit loss on its only trust preferred security, non-GAAP adjusted diluted earnings per share amounted to... More