The Bancorp, Inc. (TBBK)

The Bancorp Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	458.93	436.65	275.84	192.64	170.96
Interest Income on Investments	92.83	72.86	32.46	29.48	39.82
Total Interest Income	551.75	509.51	308.3	222.12	210.78
Interest Paid on Deposits	164.37	148.53	51.14	5.62	13.28
Interest Paid on Borrowings	11.14	6.93	8.32	5.62	2.64
Total Interest Expense	175.51	155.46	59.45	11.24	15.92
Net Interest Income	376.24	354.05	248.84	210.88	194.87
Net Interest Income Growth (YoY)	6.27%	42.28%	18.00%	8.22%	37.92%
Gain (Loss) on Sale of Investments	-	-	-	-	-0.05
Other Non-Interest Income	143.75	108.35	92.15	89.86	88.54
Total Non-Interest Income	146.48	112.09	105.68	104.75	84.62
Non-Interest Income Growth (YoY)	30.68%	6.07%	0.89%	23.79%	-18.74%
Revenues Before Loan Losses	522.72	466.15	354.52	315.63	279.48
Provision for Loan Losses	27.34	18.33	7.11	3.11	6.35
Revenue	495.38	447.82	347.42	312.52	273.13
Revenue Growth (YoY)	10.62%	28.90%	11.17%	14.42%	13.33%
Salaries and Employee Benefits	131.6	109.66	97.78	97.37	95.31
Occupancy Expenses	-	3.07	2.9	2.9	3.2
Federal Deposit Insurance	3.58	2.96	3.27	5.59	9.81
Amortization of Goodwill & Intangibles	-	0.4	0.4	0.4	0.56
Selling, General & Administrative	26.94	50.35	43.72	45.65	41.71
Other Non-Interest Expense	41.11	23.29	18.54	16.44	14.26
Total Non-Interest Expense	203.23	191.04	166.6	168.35	164.85
EBT Excluding Unusual Items	292.16	256.77	180.82	144.17	108.28
Legal Settlements	-	-	-1.15	-	-
Other Unusual Items	-	-	-1.75	-	-
Pretax Income	292.16	256.77	177.91	144.17	108.28
Income Tax Expense	74.62	64.48	47.7	33.72	27.69
Earnings From Continuing Operations	217.54	192.3	130.21	110.44	80.6
Earnings From Discontinued Operations	-	-	-	0.21	-0.51
Net Income	217.54	192.3	130.21	110.65	80.08
Net Income to Common	217.54	192.3	130.21	110.65	80.08
Net Income Growth	13.13%	47.68%	17.68%	38.17%	55.32%
Basic Shares Outstanding	50	55	57	57	57
Diluted Shares Outstanding	51	55	57	59	58
Shares Change (YoY)	-7.88%	-3.87%	-2.65%	0.72%	1.87%
EPS (Basic)	4.35	3.53	2.30	1.93	1.39
EPS (Diluted)	4.29	3.49	2.27	1.88	1.37
EPS Growth	22.92%	53.74%	20.51%	37.37%	53.20%
Effective Tax Rate	25.54%	25.11%	26.81%	23.39%	25.57%

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