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The Bancorp (TBBK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2024, The Bancorp (TBBK - Free Report) reported revenue of $123.8 million, up 7.8% over the same period last year. EPS came in at $1.06, compared to $0.88 in the year-ago quarter.
The reported revenue represents a surprise of -2.41% over the Zacks Consensus Estimate of $126.86 million. With the consensus EPS estimate being $1.06, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how The Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 38% compared to the 37.2% average estimate based on two analysts.
Average Interest-Earning Assets: $7.33 billion versus $7.25 billion estimated by two analysts on average.
Net Interest Margin: 5.2% versus the two-analyst average estimate of 5.3%.
Total Non-Interest Income: $29.38 million compared to the $32.37 million average estimate based on two analysts.
Net Interest Income: $94.42 million compared to the $94.19 million average estimate based on two analysts.
Shares of The Bancorp have returned -0.5% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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The Bancorp (TBBK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2024, The Bancorp (TBBK - Free Report) reported revenue of $123.8 million, up 7.8% over the same period last year. EPS came in at $1.06, compared to $0.88 in the year-ago quarter.
The reported revenue represents a surprise of -2.41% over the Zacks Consensus Estimate of $126.86 million. With the consensus EPS estimate being $1.06, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how The Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 38% compared to the 37.2% average estimate based on two analysts.
- Average Interest-Earning Assets: $7.33 billion versus $7.25 billion estimated by two analysts on average.
- Net Interest Margin: 5.2% versus the two-analyst average estimate of 5.3%.
- Total Non-Interest Income: $29.38 million compared to the $32.37 million average estimate based on two analysts.
- Net Interest Income: $94.42 million compared to the $94.19 million average estimate based on two analysts.
View all Key Company Metrics for The Bancorp here>>>Shares of The Bancorp have returned -0.5% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.