The Bancorp Q1 EPS rises on loan and payments growth

Bancorp

23/04/2026 21:15

Overview

US fintech banking platform's Q1 EPS rose 18% yr/yr, driven by growth in loans and payments

Net interest income declined yr/yr due to portfolio shift toward fintech loans generating fee income

Company repurchased $50 mln of shares, equal to 2% of issued and outstanding shares

Outlook

The Bancorp maintains 2026 EPS guidance at $5.90 and sees 4Q 2026 EPS at $1.75

Company expects 2027 EPS in the range of $8.10 to $8.30

The Bancorp plans $200 mln share repurchases in 2026, followed by near-100% of net income returned

Result Drivers

FINTECH LOAN GROWTH - Substantial increase in fintech loans drove fee income, offsetting lower net interest income

PAYMENTS VOLUME - Higher gross dollar volume on cards contributed to revenue growth

CREDIT PERFORMANCE - Improved credit performance led to lower net charge-offs and a reversal in provision for credit losses on non-fintech loans

Company press release: ID:nBw1dCbZ9a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.41
Q1 Net Income
$60.07 mln
Q1 Net Interest Income
$88.81 mln
Q1 Provision For Credit losses
-$1.35 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Bancorp Inc is $76.00, about 26.3% above its April 22 closing price of $60.17

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)