NASDAQ$TBBK

Bancorp Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported financial results for the third quarter of 2022.

The Bancorp reported revenue growth across its platform due to increased lending volumes and new payment partners. Preliminary guidance for 2023 is $3.20 per share, excluding the net impact of future share buybacks.

  • Revenue growth continues across the platform.
  • Lending volumes are steadily increasing.
  • New payment partners are added to the ecosystem.
  • Expansion of net interest margin and payment fees should support increased profitability in 2023.

Headline financials

Total Revenue

$88.1M

Previous: $77.5M+13.7%
EPS (adj)

$0.57

Previous: $0.48+18.7%
Capital Expenditures

-$4.5M

Previous: -$1.24M-263.4%
Free Cash Flow

$26.1M

Previous: $27M-3.4%
Net Income

$30.6M

Previous: $28.3M+8.3%
Operating Income

$60.6M

Previous: $63.3M-4.2%
Gross Profit

$85.2M

Previous: $76.3M+11.7%
Cash & Equivalents

$723M

Previous: $317M+127.7%
Total Assets

$7.78B

Previous: $6.27B+24.1%
Stock-Based Comp

$2.13M

Previous: $2.06M+3.6%

Revenue & EPS history

Bancorp · Revenue · Quarterly

$88.1M

Q3 2022+13.7%vs Q3 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

The company issued preliminary guidance for 2023 of $3.20 per share excluding the net impact of future share buybacks but including the expected impact of rate increases based on fed funds futures and reiterated $2.25 to $2.30 guidance for 2022.

Tailwinds

  • Expects increased share repurchases to $25 million per quarter, or $100 million in 2023, from $15 million a quarter, or $60 million, in 2022.
  • The $3.20 guidance for 2023 would represent approximately a 40% increase in earnings per share over 2022.
  • The $3.20 guidance for 2023 would result in an ROE percentage in the mid-20s and an ROA above 2%.
  • Revenue growth across our platform as lending volumes steadily increase
  • New payment partners are added to our ecosystem.

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 Q3 2022

Historical avgQ3 2022

-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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