Bancorp Q1 EPS $1.06 beats year ago $0.88; raises quarterly buyback to $100M

Bancorp, Inc.

2024-Q1 EPS reported $1.06

Net income $56.4M ($1.06 diluted EPS), up from $49.1M ($0.88) Q1 2023.
Net interest income rose 10% to $94.4M; net margin 5.15% vs 4.67% YoY.
Share repurchase authorization increased from $50M to $100M for Q2 2024.
Added Block, Inc. as new fintech partner; prepaid/debit GDV up 12% to $37.9B.
Reaffirms FY 2024 EPS guidance of $4.25, excluding buyback impact.

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 the first quarter of 2024 results: net income $56.4 million, EPS $1.06 per diluted share.

Period: the first quarter of 2024
Net income: $56.4 million
EPS: $1.06 per diluted share
Result: reported results

Exact text from the filing

The Bancorp, Inc. Reports First Quarter Financial Results Wilmington, DE – April 25, 2024

View on SEC.gov

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Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0000950159-24-000127

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