Loading...
•
Jun 30, 2022
Bancorp Q2 2022 Earnings Report
Reported strong growth across the platform and increased profitability.
Key Takeaways
The Bancorp reported a net income of $30.4 million, or $0.53 per diluted share, for the second quarter of 2022. The company is raising its full-year 2022 guidance from $2.15 per share to a range of $2.25 to $2.30 per share.
The Bancorp reported net income of $30.4 million, or $0.53 per diluted share, for the quarter ended June 30, 2022.
This compares to a net income of $29.4 million, or $0.50 per diluted share, for the quarter ended June 30, 2021.
The company anticipates a continued increase in interest rates and expects profitability to steadily increase over the next 18 months.
The Bancorp is raising its guidance for 2022 from $2.15 per share to a range of $2.25 to $2.30 per share.
Bancorp
Bancorp
Forward Guidance
The Bancorp raised its guidance for 2022 from $2.15 per share to a range of $2.25 to $2.30 per share. This range excludes the impact of 2022 share repurchases but includes interest rate assumptions based on fed funds expectations.