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Dec 31, 2023
Bancorp Q4 2023 Earnings Report
Reported financial results for the fourth quarter and full year of 2023.
Key Takeaways
The Bancorp reported financial results for the fourth quarter and full year of 2023, demonstrating resilience amidst market turmoil and interest rate hikes.
The company confirmed 2024 guidance of $4.25 a share.
Guidance does not include the impact of share buybacks of $200 million for the year, or $50 million a quarter.
The Bank purchased a $10.0 million trust preferred security in 2006.
The Bank took a charge for the full amount of the security through a provision for credit loss.
Bancorp
Bancorp
Forward Guidance
The Bancorp confirms 2024 guidance without including the impact of share buybacks.