NASDAQ$TBBK

Bancorp Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

The Bancorp reported a strong second quarter in both growth and profitability, driven by new client acquisitions and expansion of payment ecosystem capabilities.

The Bancorp reported a strong second quarter with net income of $29.4 million, or $0.50 per diluted share. The company is raising its full-year EPS guidance to $1.78. Growth continues to be supported by the acquisition of new clients and the expansion of our capabilities and solutions in our payments ecosystem.

  • Net income reached $29.4 million, or $0.50 per diluted share.
  • Growth was supported by new client acquisitions and payment ecosystem expansion.
  • Full-year EPS guidance was raised to $1.78.
  • Preliminary 2022 per share guidance will be issued in the 3rd quarter earnings release.

Headline financials

Total Revenue

$79.9M

Previous: $70.6M+13.2%
EPS (adj)

$0.50

Previous: $0.35+42.9%
Tier 1 Capital to Average Assets (Leverage)

8.5%

No prior period
Tier 1 Capital to Risk-Weighted Assets

15.4%

Previous: 14.8%+3.7%
Total Capital to Risk-Weighted Assets

15.8%

Previous: 15.3%+3.3%
Common Equity Tier 1 to Risk-Weighted Assets

15.4%

Previous: 14.8%+3.7%
Capital Expenditures

-$1.28M

Previous: -$834K-54.0%
Free Cash Flow

$28.2M

Previous: $19.2M+46.4%
Net Income

$29.4M

Previous: $20.1M+46.7%
Operating Income

$69.2M

Previous: $58.9M+17.5%
Gross Profit

$79.7M

Previous: $66.4M+20.0%
Cash & Equivalents

$589M

Previous: $481M+22.5%
Total Assets

$6.55B

Previous: $6.21B+5.4%
Stock-Based Comp

$2.21M

Previous: $1.72M+28.0%

Revenue & EPS history

Bancorp · Revenue · Quarterly

$79.9M

Q2 2021+13.2%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The Bancorp is raising its full-year EPS guidance to $1.78. Current trends would suggest income growth for 2022 of 20% or more over our revised 2021 guidance.

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 Q2 2021

Historical avgQ2 2021

-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%

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