Bancorp Inc reports results for the quarter ended in June - Earnings Summary

Bancorp

25/07/2024 22:52

* Bancorp Inc  TBBK.OQ  reported quarterly adjusted earnings
of
$1.05​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 89
cents.  The mean expectation of three analysts for the quarter
was for earnings of $1.07 per share. Wall Street expected
results to range from $1.01  to $1.10 per share.
    * Revenue rose 7.6% to $93.80 million from a year ago;
analysts
expected $96.41 million. 
    * Bancorp Inc's reported EPS for the quarter was $1.05​.
    * The company reported quarterly net income of $53.69
million.
    * Bancorp Inc shares had risen by 31.2% this quarter and
gained 28.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Bancorp Inc is
$46.00 
This summary was machine generated from LSEG data July 25 at
09:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.07           1.05           Missed
 Mar. 31 2024      1.06           1.06           Met
 Dec. 31 2023      0.95           0.81           Missed
 Sep. 30 2023      0.93           0.92           Missed