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Sep 30, 2023
Bancorp Q3 2023 Earnings Report
The Bancorp reported record core profitability and exemplar financial performance.
Key Takeaways
The Bancorp reported strong financial results for Q3 2023, with record core profitability. The company is initiating 2024 preliminary guidance of $4.25 a share and significantly increasing planned buybacks in 2024 by $100 million to $200 million.
The Bancorp continues to produce record core profitability.
The Bancorp's increased ROE is driving a continued increase in our regulatory capital ratios.
The company is significantly increasing planned buybacks in 2024 by $100 million to $200 million.
The Bancorp is fast approaching the maximum equity capital needed to support our business growth into the future.
Forward Guidance
The Bancorp is initiating 2024 preliminary guidance of $4.25 a share without including the impact of share buybacks.
Positive Outlook
- Initiating 2024 preliminary guidance of $4.25 a share
- Guidance does not include the impact of share buybacks
- 2024 guidance is 18% earnings growth over 2023 guidance
- Increasing planned buyback in 2024 by $100 million to $200 million
- ROE is driving a continued increase in regulatory capital ratios
Historical Earnings Impact
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Avg. Return Before/After Earnings
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