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Dec 31, 2020
Bancorp Q4 2020 Earnings Report
The Bancorp reported financial results for the fourth quarter of 2020.
Key Takeaways
The Bancorp reported a net income of $24.2 million, or $0.41 per diluted share, for the quarter ended December 31, 2020.
Completed strategic business plan, strategic agenda and budget for 2021.
Main focus continues to be product and platform expansion with a rigorous focus on building the best payments ecosystem in the financial services industry.
Continue to invest heavily in anti-money laundering and compliance to have best-in-class capabilities to meet regulatory guidance and expectations.
Guidance target for 2021 is $1.70 a share or approximately $100 million in net income, which does not include the impact of planned share repurchases.
Bancorp
Bancorp
Forward Guidance
Guidance target for 2021 is $1.70 a share or approximately $100 million in net income, which does not include the impact of planned share repurchases.