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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	452.33	436.65	275.84	192.64	170.96	127.11
Interest Income on Investments	81.82	72.86	32.46	29.48	39.82	52.46
Total Interest Income	534.15	509.51	308.3	222.12	210.78	179.57
Interest Paid on Deposits	155.81	148.53	51.14	5.62	13.28	34.4
Interest Paid on Borrowings	9.08	6.93	8.32	5.62	2.64	3.88
Total Interest Expense	164.9	155.46	59.45	11.24	15.92	38.28
Net Interest Income	369.25	354.05	248.84	210.88	194.87	141.29
Net Interest Income Growth (YoY)	17.44%	42.28%	18.00%	8.22%	37.92%	16.91%
Gain (Loss) on Sale of Investments	-	-	-	-	-0.05	-
Other Non-Interest Income	112.18	108.35	92.15	89.86	88.54	80.06
Total Non-Interest Income	113.87	112.09	105.68	104.75	84.62	104.13
Non-Interest Income Growth (YoY)	5.94%	6.07%	0.89%	23.79%	-18.74%	-32.29%
Revenues Before Loan Losses	483.13	466.15	354.52	315.63	279.48	245.42
Provision for Loan Losses	19.54	18.33	7.11	3.11	6.35	4.4
Revenue	463.58	447.82	347.42	312.52	273.13	241.02
Revenue Growth (YoY)	11.52%	28.90%	11.17%	14.42%	13.33%	-11.08%
Salaries and Employee Benefits	109.62	109.66	97.78	97.37	95.31	88.57
Occupancy Expenses	3.65	3.07	2.9	2.9	3.2	3.7
Federal Deposit Insurance	3.24	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	52.22	50.35	43.72	45.65	41.71	43.2
Other Non-Interest Expense	21.91	23.29	18.54	16.44	14.26	14.69
Total Non-Interest Expense	191.17	191.04	166.6	168.35	164.85	158.71
EBT Excluding Unusual Items	272.41	256.77	180.82	144.17	108.28	82.3
Legal Settlements	-	-	-1.15	-	-	-
Other Unusual Items	-	-	-1.75	-	-	-9.81
Pretax Income	272.41	256.77	177.91	144.17	108.28	72.49
Income Tax Expense	68.13	64.48	47.7	33.72	27.69	21.23
Earnings From Continuing Operations	204.28	192.3	130.21	110.44	80.6	51.27
Earnings From Discontinued Operations	-	-	-	0.21	-0.51	0.29
Net Income	204.28	192.3	130.21	110.65	80.08	51.56
Net Income to Common	204.28	192.3	130.21	110.65	80.08	51.56
Net Income Growth	20.89%	47.68%	17.68%	38.17%	55.32%	-41.86%
Basic Shares Outstanding	53	55	57	57	57	57
Diluted Shares Outstanding	53	55	57	59	58	57
Shares Change (YoY)	-5.02%	-3.87%	-2.65%	0.72%	1.87%	0.47%
EPS (Basic)	3.87	3.53	2.30	1.93	1.39	0.91
EPS (Diluted)	3.82	3.49	2.27	1.88	1.37	0.90
EPS Growth	27.55%	53.74%	20.51%	37.37%	53.20%	-42.25%
Effective Tax Rate	25.01%	25.11%	26.81%	23.39%	25.57%	29.28%

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