The Bancorp reports Q1 EPS $1.06, consensus $1.05

Reports Q1 revenue $123.8M, consensus $116.51M. CEO and President Damian Kozlowski commented, “We had another quarter of continued progress and a strong start to 2024 with earnings of $1.06 a share and an ROE of 28%,” said Damian Kozlowski CEO and President of The Bancorp. “We expect continued increases in volumes and profitability throughout 2024 and beyond as we continue to invest and build our capabilities for the future, while adding new business partners and expanding our current client relationships. We are also reaffirming our 2024 guidance of $4.25 a share without the impact of $50 million per quarter of share buybacks and the additional $50 million buyback in the second quarter.”