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Jun 30, 2020
Bancorp Q2 2020 Earnings Report
Reported financial results for the second quarter of 2020.
Key Takeaways
The Bancorp reported net income of $20.1 million, or $0.35 per diluted share, for the quarter ended June 30, 2020. Core earnings were driven by higher interest income with falling interest expense, increased loan balances and higher payment volumes.
The Bancorp earned 35 cents a share from both increased fee and spread revenue.
Revenue productivity and operating efficiency improved during this time, while also making investments in the platform.
Earnings guidance for full year 2020 continues to be $1.25 per share.
Net income was $20.1 million, or $0.35 per diluted share.
Bancorp
Bancorp
Forward Guidance
Earnings guidance for full year 2020 continues to be $1.25 per share.