Revenue Update on Bancorp Inc(NASDAQ:TBBK)

Bancorp Inc(NASDAQ:TBBK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $20.89M. Analysts estimated a revenue of $20.83M. Earnings per share were $-0.47. Analysts had estimated an EPS of $-0.23.

Bancorp Inc (TBBK) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -0.41% at a volume of 73,782. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.94. The peak price level was also seen at $4.94 while the days lowest was $4.84. Finally the shares closed at $4.87. The 52-week high of the shares is $9 while the 52-week low is $3.88. According to the latest information available, the market cap of the company is $185 M.

The Bancorp Inc. is a financial holding company which operates through its subsidiary The Bancorp Bank (the Bank) a chartered commercial bank located in Wilmington Delaware. The Company operates through four business segments: specialty finance payments corporate and discontinued operations. The specialty finance segment includes commercial mortgage loan sales small business administration loans leasing and security backed lines of credit and deposits generated by those business lines. The payments segment includes prepaid cards card payments automated clearing house (ACH) processing and healthcare accounts. The corporate segment includes the Company’s investment portfolio. Through the Bank the Company also provides banking services nationally which include private label banking institutional banking card payment and other payment processing and health savings accounts.

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