Bancorp Q3 EPS $0.54; issues 2023 preliminary EPS guidance of $3.20

Bancorp, Inc.

2022-Q3 EPS reported $1.56

Q3 2022 net income $30.6M ($0.54 diluted EPS) vs $28.3M ($0.48) in Q3 2021.
Net interest margin expanded to 3.69% from 3.35% a year ago; net interest income up 27% to $64.7M.
2022 EPS guidance reiterated at $2.25-$2.30; preliminary 2023 EPS guidance of $3.20 (40% increase).
Board approved new $25M per quarter share repurchase program for 2023, replacing prior $15M quarterly plan.
GDV on prepaid/debit cards grew 15% YoY to $28.12B; payment fees up 6% to $21.4M.

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Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bancorp, Inc. reported 2022 results: EPS $2.25 to $2.30. Guidance reaffirmed.

Period: 2022
EPS: $2.25 to $2.30
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

We also reiterate $2.25 to $2.30 guidance for 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bancorp, Inc. updated its the three and nine months ended September 30, 2022 guidance (raised).

Period: the three and nine months ended September 30, 2022
Guidance: raised
Result: reported results

Exact text from the filing

On October 27, 2022, The Bancorp, Inc. (the "Company") issued a press release regarding its earnings for the three and nine months ended September 30, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bancorp, Inc. reported 2023 results: EPS $3.20 per share. Guidance initiated.

Period: 2023
EPS: $3.20 per share
Guidance: initiated
Result: preliminary results

Exact text from the filing

We are issuing preliminary guidance for 2023 of $3.20 per share excluding the net impact of future share buybacks but including the expected impact of rate increases based on fed funds futures.

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Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0000950159-22-000218

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