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Bancorp Inc (TBBK)
:TBBK
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.13Last Year’s EPS
0.95Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 1.64%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a strong performance in the fintech segment with significant revenue and fee growth, supported by an increase in deposits and a positive outlook for future earnings. However, challenges remain with elevated substandard loan assets and increased credit loss provisions, alongside a notable one-time processing loss. The overall sentiment is cautiously optimistic with strong growth potential but mindful of existing challenges.Company Guidance
During The Bancorp's third quarter 2024 earnings call, the company provided optimistic guidance for 2025, projecting earnings of $5.25 per share, driven by continued double-digit growth in fintech fees and credit sponsorship. Key metrics highlighted include a 15% growth in GDV and a 22% increase in total fees from fintech payments and credit sponsorship. The company also plans to reduce stock buybacks to $150 million in 2025 from $250 million in 2024, potentially issuing $100 million or more in new debt to support these buybacks. Noninterest income for Q3 2024 rose by 20% year-over-year to $32.1 million, with significant contributions from prepaid, debit card, ACH, and other payment fees. Despite challenges in the multifamily loan segment, the company remains confident about asset quality, supported by conservative loan-to-value ratios and anticipated interest rate decreases.Strong Revenue and EPS Performance
The Bancorp earned $1.04 per share in the third quarter, with revenue growth led by the Fintech Solutions Group. Total fee growth from fintech payments fees and credit sponsorship fees was 22%.
Growth in Credit Sponsorship Balances
Credit sponsorship balances grew from $70 million at the end of Q2 to $280 million at the end of Q3, with expectations for further growth.
Positive Fintech Solutions Group Performance
Fintech Solutions Group deposits increased 11% to $6.64 billion compared to the same quarter in 2023.
Book Value Per Share Increase
Book value per share increased by 18% to $16.90 compared to $14.36 a year earlier.
Positive Guidance for 2025
Preliminary guidance for 2025 is set at $5.25 per share, supported by continued double-digit growth in fintech fees and credit sponsorship.
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TBBK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TBBK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $54.96 | $47.01 | -14.47% |
| Jul 25, 2024 | $51.30 | $52.04 | +1.44% |
| Apr 25, 2024 | $33.41 | $30.80 | -7.81% |
| Jan 25, 2024 | $40.49 | $43.65 | +7.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bancorp Inc (TBBK) report earnings?
Bancorp Inc (TBBK) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Bancorp Inc (TBBK) earnings time?
Bancorp Inc (TBBK) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TBBK EPS forecast?
TBBK EPS forecast for the fiscal quarter 2024 (Q4) is 1.13.
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