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Mar 31, 2020
Bancorp Q1 2020 Earnings Report
The Bancorp reported first quarter results with net income impacted by unrealized losses on loans held for sale.
Key Takeaways
The Bancorp reported a net income of $12.6 million, or $0.22 per diluted share, for the quarter ended March 31, 2020. The results reflected $5.2 million of unrealized losses on loans held for sale.
Net income was $12.6 million, or $0.22 per diluted share.
Results reflected $5.2 million of unrealized losses on loans held for sale.
Pre-tax income excluding market-dependent items increased by 79% compared to Q1 2019.
Tier one capital to assets ratio was 8.90%.
Bancorp
Bancorp
Forward Guidance
The Bancorp expects to achieve a minimum earnings per share of $1.25 for the full year 2020.