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Mar 31, 2024
Bancorp Q1 2024 Earnings Report
Reported a strong start to 2024 with increased earnings and strategic partnerships.
Key Takeaways
The Bancorp reported a strong first quarter in 2024, with earnings of $1.06 per share and an ROE of 28%. The company also announced a new partnership with Block, Inc., expecting increased volumes and profitability throughout the year and reaffirmed its 2024 guidance of $4.25 a share.
Earnings per share (EPS) reached $1.06.
Return on Equity (ROE) was 28%.
New partnership established with Block, Inc.
2024 earnings guidance reaffirmed at $4.25 per share.
Revenue by Segment
Forward Guidance
The Bancorp anticipates continued increases in volumes and profitability throughout 2024 and beyond, driven by ongoing investments, new business partners, and expanded client relationships, reaffirming its 2024 earnings guidance.
Positive Outlook
- Continued increases in volumes expected.
- Profitability is expected to rise throughout 2024 and beyond.
- Ongoing investments in capabilities for the future.
- Addition of new business partners.
- Expansion of current client relationships.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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