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Sep 30, 2020
Bancorp Q3 2020 Earnings Report
The Bancorp reported financial results for the third quarter of 2020.
Key Takeaways
The Bancorp reported a net income of $23.3 million, or $0.40 per diluted share, for the quarter ended September 30, 2020.
Continued to add new card programs into payments ecosystem in Q3.
Added several new direct rapid funds partners.
Decided to discontinue future securitization activity.
Expect income from the securitization portfolio to be stable over the first 2 years.
Forward Guidance
The Bancorp expects to earn between $1.65 and $1.70 per share for 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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