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Jun 30, 2021
Bancorp Q2 2021 Earnings Report
The Bancorp reported a strong second quarter in both growth and profitability, driven by new client acquisitions and expansion of payment ecosystem capabilities.
Key Takeaways
The Bancorp reported a strong second quarter with net income of $29.4 million, or $0.50 per diluted share. The company is raising its full-year EPS guidance to $1.78. Growth continues to be supported by the acquisition of new clients and the expansion of our capabilities and solutions in our payments ecosystem.
Net income reached $29.4 million, or $0.50 per diluted share.
Growth was supported by new client acquisitions and payment ecosystem expansion.
Full-year EPS guidance was raised to $1.78.
Preliminary 2022 per share guidance will be issued in the 3rd quarter earnings release.
Bancorp
Bancorp
Forward Guidance
The Bancorp is raising its full-year EPS guidance to $1.78. Current trends would suggest income growth for 2022 of 20% or more over our revised 2021 guidance.