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

Bancorp

26/04/2024 24:40

* Bancorp Inc  TBBK.OQ  reported quarterly adjusted earnings
of
$1.06​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 88
cents.  The mean expectation of three analysts for the quarter
was for earnings of $1.06 per share. Wall Street expected
results to range from $1.05  to $1.06 per share.
    * Revenue rose 10% to $94.42 million from a year ago;
analysts
expected $116.51 million. 
    * Bancorp Inc's reported EPS for the quarter was $1.06​.
    * The company reported quarterly net income of $56.43
million.
    * Bancorp Inc shares had risen by 0.4% this quarter and
lost 12.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 April 25 at
11:40 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
 Mar. 31 2024      1.06           1.06           Met
 Dec. 31 2023      0.95           0.81           Missed
 Sep. 30 2023      0.93           0.92           Missed
 Jun. 30 2023      0.88           0.89           Beat