Bancorp Q1 EPS $0.88, up 76% YoY; raises 2023 guidance to $3.60 from $3.20

Bancorp, Inc.

2023-Q1 EPS reported $0.88

Net income $49.1M ($0.88 diluted EPS) vs $29.0M ($0.50) in Q1 2022, up 76%.
Net interest income $85.8M (+62% YoY); net interest margin 4.67% vs 3.12% YoY.
Total loans $5.35B (down 2% QoQ, +29% YoY); GDV $34.01B (+19% YoY).
CEO raises 2023 EPS guidance to $3.60 from $3.20; plans $25M quarterly share buybacks.
Capital ratios well above well-capitalized minimums; book value $13.11, +15% YoY.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bancorp, Inc. reported FY2023 results: EPS $3.60 per share. Guidance raised.

Period: FY2023
EPS: $3.60 per share
Guidance: raised
Result: guidance update

Exact text from the filing

We are raising guidance from $3.20 a share to $3.60 a share, without including the impact of anticipated share buy backs of $25 million per quarter in 2023.

View on SEC.gov

Browse all earnings releases →

Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0000950159-23-000151

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.