Loading...
•
Dec 31, 2019
Bancorp Q4 2019 Earnings Report
The Bancorp reported financial results with increased spread and fee income.
Key Takeaways
The Bancorp reported a net income of $1.9 million, or $0.03 income per diluted share, for the quarter ended December 31, 2019. The results reflect a $7.5 million non-deductible FDIC civil money penalty.
Experienced across the board increases in both spread and fee income.
Driven by significantly higher loan balances and GDV growth.
Performance in the 4th quarter positioned the company well for continued progress in 2020.
Reaffirmed a minimum of $1.25 earnings per share and a $1.34 EPS target for 2020.
Bancorp
Bancorp
Forward Guidance
Based on current momentum, The Bancorp reaffirms a minimum of $1.25 earnings per share and a $1.34 EPS target for 2020.