TBBK Stock Recent News

The headline numbers for The Bancorp (TBBK) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

The Bancorp (TBBK) came out with quarterly earnings of $0.92 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.54 per share a year ago.

The Bancorp, despite appearing expensive from a valuation perspective, offers attractive growth prospects and a diverse range of services. The bank has achieved significant growth in loans and deposits, with a focus on specialized lending activities and financial technology solutions. Management's Vision 700 plan aims to unlock the full potential of the bank's payments and lending business, with a goal of generating over $700 million in revenue by 2030.

The Bancorp, Inc. (NASDAQ:TBBK ) Q2 2023 Earnings Conference Call July 28, 2023 8:00 AM ET Company Participants Andres Viroslav - Investor Relations Damian Kozlowski - Chief Executive Officer Paul Frenkiel - Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler David Feaster - Raymond James Michael Perito - KBW Operator Good morning, ladies and gentlemen and welcome to The Bancorp Second Quarter 2023 Earnings Conference Call. [Operator Instructions] This call is being recorded today, Friday, July 28, 2023.

Although the revenue and EPS for The Bancorp (TBBK) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

The Bancorp (TBBK) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.53 per share a year ago.

The Bancorp (TBBK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

TBBK, MBWM and OMAB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 21, 2023.

WILMINGTON, Del.--(BUSINESS WIRE)--The Bancorp, Inc. (“Bancorp”) (Nasdaq: TBBK) today announced that it will release its second quarter 2023 financial results after market hours on Thursday, July 27, 2023, and invites investors and other interested parties to listen to its earnings results conference call on Friday, July 28, 2023, at 8:00 a.m. Eastern time. All interested parties can access the live conference call webcast by visiting The Bancorp site at www.thebancorp.com and clicking on the w.

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