The Bancorp, Inc. (TBBK)

The Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	458.22	436.65	275.84	192.64	170.96	127.11
Interest Income on Investments	86.64	72.86	32.46	29.48	39.82	52.46
Total Interest Income	544.86	509.51	308.3	222.12	210.78	179.57
Interest Paid on Deposits	160.08	148.53	51.14	5.62	13.28	34.4
Interest Paid on Borrowings	10.68	6.93	8.32	5.62	2.64	3.88
Total Interest Expense	170.76	155.46	59.45	11.24	15.92	38.28
Net Interest Income	374.1	354.05	248.84	210.88	194.87	141.29
Net Interest Income Growth (YoY)	10.47%	42.28%	18.00%	8.22%	37.92%	16.91%
Gain (Loss) on Sale of Investments	-	-	-	-	-0.05	-
Other Non-Interest Income	117.42	108.35	92.15	89.86	88.54	80.06
Total Non-Interest Income	119.2	112.09	105.68	104.75	84.62	104.13
Non-Interest Income Growth (YoY)	7.54%	6.07%	0.89%	23.79%	-18.74%	-32.29%
Revenues Before Loan Losses	493.31	466.15	354.52	315.63	279.48	245.42
Provision for Loan Losses	21.24	18.33	7.11	3.11	6.35	4.4
Revenue	472.07	447.82	347.42	312.52	273.13	241.02
Revenue Growth (YoY)	6.73%	28.90%	11.17%	14.42%	13.33%	-11.08%
Salaries and Employee Benefits	111.87	109.66	97.78	97.37	95.31	88.57
Occupancy Expenses	4.05	3.07	2.9	2.9	3.2	3.7
Federal Deposit Insurance	3.34	2.96	3.27	5.59	9.81	7.03
Amortization of Goodwill & Intangibles	0.4	0.4	0.4	0.4	0.56	1.53
Selling, General & Administrative	53.54	50.35	43.72	45.65	41.71	43.2
Other Non-Interest Expense	23.87	23.29	18.54	16.44	14.26	14.69
Total Non-Interest Expense	197.08	191.04	166.6	168.35	164.85	158.71
EBT Excluding Unusual Items	274.99	256.77	180.82	144.17	108.28	82.3
Legal Settlements	-	-	-1.15	-	-	-
Other Unusual Items	-	-	-1.75	-	-	-9.81
Pretax Income	274.99	256.77	177.91	144.17	108.28	72.49
Income Tax Expense	69.33	64.48	47.7	33.72	27.69	21.23
Earnings From Continuing Operations	205.66	192.3	130.21	110.44	80.6	51.27
Earnings From Discontinued Operations	-	-	-	0.21	-0.51	0.29
Net Income	205.66	192.3	130.21	110.65	80.08	51.56
Net Income to Common	205.66	192.3	130.21	110.65	80.08	51.56
Net Income Growth	9.10%	47.68%	17.68%	38.17%	55.32%	-41.86%
Basic Shares Outstanding	51	55	57	57	57	57
Diluted Shares Outstanding	52	55	57	59	58	57
Shares Change (YoY)	-6.41%	-3.87%	-2.65%	0.72%	1.87%	0.47%
EPS (Basic)	3.99	3.53	2.30	1.93	1.39	0.91
EPS (Diluted)	3.95	3.49	2.27	1.88	1.37	0.90
EPS Growth	16.50%	53.74%	20.51%	37.37%	53.20%	-42.25%
Effective Tax Rate	25.21%	25.11%	26.81%	23.39%	25.57%	29.28%

Source: S&P Capital IQ. Banks template. Financial Sources.