The Bancorp Q1 net income $29.0M ($0.50 EPS), up from $26.0M ($0.44); reaffirms FY22 guidance

Bancorp, Inc.

2022-Q1 EPS reported $0.50

Net income $29.0M ($0.50 diluted EPS) vs $26.0M ($0.44) in Q1 2021.
Net interest margin 3.12% vs 3.34%; net interest income $52.9M vs $53.8M.
Total loans ex-commercial at fair value $4.16B, up 45% YoY and 10% QoQ.
GDV $28.56B, up 2% YoY despite headwinds from prior stimulus.
CEO reaffirms FY2022 guidance of $2.15 per share (excl. share repurchases).

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