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Sep 30, 2021
Bancorp Q3 2021 Earnings Report
Reported financial results for the third quarter of 2021.
Key Takeaways
The Bancorp reported a net income of $28.3 million, or $0.48 per diluted share, for the quarter ended September 30, 2021, compared to net income of $23.3 million, or $0.40 per diluted share, for the quarter ended September 30, 2020.
Experienced business momentum across the platform.
Strong pipelines will support continued growth into 2022.
Issued preliminary guidance of $2.15 a share for 2022, approximately 21% growth over the current 2021 guidance of $1.78.
Intend to increase stock buyback to $15 million a quarter from $10 million a quarter in 2022.
Bancorp
Bancorp
Forward Guidance
The Bancorp issued preliminary guidance of $2.15 a share for 2022 or approximately 21% growth over the current 2021 guidance of $1.78. The $2.15 does not include the impact of planned buybacks. In addition, in 2022, they intend to increase their stock buyback to $15 million a quarter from $10 million a quarter.