earnings
confidence high
sentiment positive
materiality 0.70
Bancorp updates 2022 EPS guidance to $2.25-$2.30; targets >$500M revenue and >22% ROE
Bancorp, Inc.
2022-Q2 EPS reported
$1.03
- Q2 YTD 2022 ROE 18%, ROA 1.7%, efficiency ratio 50%.
- 2022 EPS guidance raised to $2.25-$2.30 from $1.88 in FY2021.
- Long-term targets: revenue >$500M, ROE >22%, ROA >2%, leverage ratio 9%.
- Loan portfolio $5.6B: institutional banking $2.4B, real estate bridge $1.9B, small business $0.7B, leasing $0.6B.
- Fintech deposits drive low cost of funds (0.36% in Q2 2022); non-interest income 26% of revenue.