Recap: The Bancorp Q4 Earnings
Shares of The Bancorp (NASDAQ:TBBK) were unchanged in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were up 127.78% year over year to $0.41, which beat the estimate of $0.36.
Revenue of $51,713,000 higher by 47.00% year over year, which beat the estimate of $49,100,000.
Looking Ahead
The upcoming fiscal year's EPS expected to be between $1.70 and $1.70.
Revenue guidance hasn't been issued by the company for now.
Price Action
Company's 52-week high was at $17.53
Company's 52-week low was at $3.36
Price action over last quarter: Up 75.52%
Company Profile
The Bancorp Inc is a financial holding company, through its subsidiary it is engaged in specialty lending namely securities backed lines of credit, vehicle fleet and another equipment leasing, Small Business Administration lending, and commercial mortgage-backed loans, generated for sale into commercial mortgage-backed securities markets through securitizations. The company deposits and non-interest income are generated in the payments business which consists of issuing, acquiring and automated clearing house accounts. The firm also generates revenue from prepaid cards.
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