Bancorp raises Q4 2022 GDV to $29.45B from $28.07B after client reporting delay

Bancorp, Inc.

Q4 2022 GDV adjusted upward by $1.38B to $29.45B, a 19% increase year-over-year.
Adjustment due to business client's delay in reporting full quarter's transactions.
Revised GDV will increase fee income not previously included in financial statements.
Previous Jan 26 press release reported GDV of $28.07B.
2023 EPS guidance reiterated at $3.20 per share (per investor presentation).

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bancorp, Inc. reported financial results for the quarter ended December 31, 2022.

Period: the quarter ended December 31, 2022
Result: reported results

Exact text from the filing

The Company’s total GDV, representing the total amounts spent on prepaid and debit card transactions for the quarter ended December 31, 2022, as reported in the January 26, 2023 press release, is being adjusted upward to $29.45 billion from $28.07 billion

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Source: SEC EDGAR

accession 0000950159-23-000014

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