NASDAQ$TBBK

Bancorp Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported a strong start to 2024 with increased earnings and strategic partnerships.

The Bancorp reported a strong first quarter in 2024, with earnings of $1.06 per share and an ROE of 28%. The company also announced a new partnership with Block, Inc., expecting increased volumes and profitability throughout the year and reaffirmed its 2024 guidance of $4.25 a share.

  • Earnings per share (EPS) reached $1.06.
  • Return on Equity (ROE) was 28%.
  • New partnership established with Block, Inc.
  • 2024 earnings guidance reaffirmed at $4.25 per share.

Headline financials

Total Revenue

$124M

Previous: $115M+7.8%
EPS

$1.06

Previous: $0.88+20.5%
Return on Assets

3.0%

No prior period
Return on Equity

28.0%

No prior period
Net Interest Margin

5.2%

No prior period
Book Value Per Share

$15.63

No prior period
Prepaid and Debit Card Gross Dollar Volume

$37.9B

No prior period
Nonperforming Loans to Total Loans

1.1%

No prior period
Nonperforming Assets to Total Assets

1.0%

No prior period
Allowance for Credit Losses on Loans to Total Loans

0.5%

No prior period
Capital Expenditures

-$1.6M

Previous: -$3.67M+56.3%
Free Cash Flow

$54.8M

Previous: $45.4M+20.6%
Net Income

$56.4M

Previous: $49.1M+14.9%
Operating Income

$71.9M

Previous: $68.8M+4.4%
Gross Profit

$121M

Previous: $113M+7.8%
Cash & Equivalents

$1.25B

Previous: $787M+58.9%
Total Assets

$7.92B

Previous: $7.61B+4.1%
Stock-Based Comp

$3.32M

Previous: $3.17M+4.7%

Revenue & EPS history

Bancorp · Revenue · Quarterly

$124M

Q1 2024+7.8%vs Q1 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

The Bancorp anticipates continued increases in volumes and profitability throughout 2024 and beyond, driven by ongoing investments, new business partners, and expanded client relationships, reaffirming its 2024 earnings guidance.

Tailwinds

  • Continued increases in volumes expected.
  • Profitability is expected to rise throughout 2024 and beyond.
  • Ongoing investments in capabilities for the future.
  • Addition of new business partners.
  • Expansion of current client relationships.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.6%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+5.5%

Avg return

30 days after

50%

33 / 66 earnings

Positive

+23.8%

Q1 2017

Best reaction

-18.4%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.3%-0.7%-8.6%
Q4 2025-15.6%-14.6%-25.6%
Q3 2025-18.4%-18.8%-17.0%
Q2 2025-2.5%-2.0%+12.0%
Q1 2025-3.4%-2.8%+2.8%
Q4 2024+5.9%+8.9%-3.2%
Q3 2024-14.2%-10.5%+4.8%
Q2 2024+5.0%+3.2%+5.5%
Q1 2024-8.3%-10.9%-2.2%
Q4 2023+5.9%+14.0%+6.4%
Q3 2023+7.5%+10.2%+20.2%
Q2 2023-5.1%-5.3%-12.3%
Q1 2023+19.6%+11.4%+23.8%
Q4 2022+15.8%+16.2%+17.4%
Q3 2022+12.6%+12.3%+23.4%
Q2 2022+2.3%-0.7%-1.1%
Q1 2022-4.1%-7.3%-12.2%
Q4 2021-1.9%+8.2%+4.6%
Q3 2021+0.3%+0.3%-3.8%
Q2 2021+3.0%+3.9%+12.7%
Q1 2021-1.3%+9.2%+7.7%
Q4 2020+1.1%+12.2%+22.2%
Q3 2020+10.3%+8.3%+44.5%
Q2 2020+4.2%+1.8%+4.4%
Q1 2020-0.5%-8.7%+16.2%
Q4 2019+2.2%+8.1%+5.2%
Q3 2019+7.3%+7.6%+4.0%
Q2 2019+4.2%+5.6%-3.5%
Q1 2019+16.8%+15.2%+7.1%
Q4 2018+1.6%-0.9%+9.2%
Q3 2018+5.1%+15.3%+13.8%
Q2 2018-8.7%-9.7%-8.7%
Q1 2018+0.5%-5.5%+5.7%
Q4 2017-2.2%-5.0%-0.9%
Q3 2017+2.9%+0.1%+16.5%
Q2 2017+2.4%+2.8%+5.3%
Q1 2017+23.8%+29.0%+17.5%
Q4 2016+1.2%+0.6%-1.6%
Q3 2016-14.7%-9.0%+8.3%
Q2 2016-12.8%-20.2%-0.3%
Q1 2016-7.7%
Q4 2015+4.4%
Q3 2015-8.0%
Q2 2015-12.9%
Q1 2015-9.9%
Q4 2014-2.3%
Q3 2014+2.4%
Q2 2014-15.4%
Q1 2014-15.9%
Q4 2013+5.4%
Q3 2013-8.9%
Q2 2013-5.1%
Q1 2013+0.7%
Q4 2012+6.7%
Q3 2012+0.2%
Q2 2012-3.4%
Q1 2011+2.2%
Q1 2012+4.4%
Q4 2009-2.4%
Q4 2011-2.4%
Q4 2010-2.4%
Q3 2010-3.6%
Q3 2011-3.6%
Q2 2011-2.8%
Q2 2010-2.8%
Q1 2010+2.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro