The Bancorp Q2 EPS $1.05, raises 2024 guidance to $4.35/share

Bancorp, Inc.

2024-Q2 EPS reported $2.10

GAAP EPS $1.05, net income $53.7M vs $49.0M prior year (+18% EPS growth).
Adjusted non-GAAP EPS $1.07; legacy security non-accrual impact $0.02.
2024 EPS guidance raised to $4.35 from $4.25, excluding $50M quarterly buybacks.
Repurchased 3.0M shares at avg $33.13; shares outstanding down 7.4% since Dec 2023.
Net interest income $93.8M (+8% YoY); net interest margin 4.97%.

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