The Bancorp Outlines Long-Term EPS Growth Targets Amid Strong Q3 Performance
The Bancorp (TBBK) reported strong third-quarter results, highlighted by a core earnings per share (EPS) of $1.47, representing a 25% year-over-year increase. The company's growth is being driven by robust activity in its fintech segment, with Gross Dollar Volume (GDV) growing at 23% and fintech fees increasing by 19% compared to the previous year. Looking ahead, management provided optimistic long-term guidance, establishing a core EPS baseline of $7.00–$7.20 for 2027 and projecting an increase to $8.00–$8.20 for 2028. These projections are being developed alongside strategic planning regarding the company's transition involving Chime.
Tickers: $TBBK
Topics: earnings per share fintech fees GDV growth revenue growth
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