Brief: Bancorp Inc Confirms 2023 Guidance Of $3.20 A Share, Above 40% Over 2022 EPS

Bancorp

26/01/2023 21:30

Jan 26 (Reuters) - Bancorp Inc  TBBK.O :
    * THE BANCORP, INC. REPORTS FOURTH QUARTER AND FULL YEAR
2022
FINANCIAL RESULTS AND UPDATES 2023 GUIDANCE
    * BANCORP INC - REPORTED NET INCOME OF $40.2 MILLION, OR
$0.71 PER
DILUTED SHARE FOR QUARTER
    * BANCORP INC - CONFIRM 2023 GUIDANCE OF $3.20 A SHARE,
IMPROVEMENT OF ABOUT 40% OVER 2022 EPS
    * BANCORP INC - EXPECT TO INCREASE SHARE REPURCHASES TO $25
MILLION PER QUARTER, OR $100 MILLION IN 2023, FROM $15 MILLION A
QUARTER, OR $60 MILLION, IN 2022

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