Bancorp Q4 EPS $0.81 ($0.95 adjusted); guides 2024 EPS $4.25, plans $200M buyback

Bancorp, Inc.

2023-FY EPS reported $3.49 revenue$99,239,000

Net income Q4 $44M ($0.81 diluted); adjusted EPS $0.95 excluding $10M trust preferred charge.
Net interest margin 5.26% vs 4.21% YoY; net interest income +20% to $92.2M.
GDV on prepaid/debit cards +13% to $33.29B; payment fees +15% to $25.1M.
Real estate bridge loans up 20% YoY to $2.0B; book value per share +22% to $15.17.
2024 EPS guidance $4.25; plans $200M share buyback ($50M/quarter) not included in guidance.

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 fourth quarter and full year of 2023 results: net income net income of $44.0 million, EPS 0.81 per diluted share.

Period: fourth quarter and full year of 2023
Net income: net income of $44.0 million
EPS: 0.81 per diluted share
Result: reported results

Exact text from the filing

The Bancorp reported net income of $44.0 million, or $0.81 per diluted share, for the quarter ended December 31, 2023, compared to net income of $40.2 million, or $0.71 per diluted share, for the quarter ended December 31, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bancorp, Inc. reported 2024 results: EPS 4.25 a share. Guidance reaffirmed.

Period: 2024
EPS: 4.25 a share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

We are confirming 2024 guidance of $4.25 a share without including the impact of share buybacks of $200 million for the year, or $50 million a quarter.

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Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0000950159-24-000020

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