Bancorp Q2 Adj $1.07, Inline, Sales $93.80M Miss $96.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bancorp (NASDAQ:TBBK) reported Q2 earnings of $1.07 per share, meeting analyst estimates and reflecting a 20.22% increase from last year. However, sales of $93.80 million missed the $96.41 million estimate, despite a 7.57% year-over-year increase.
July 25, 2024 | 8:39 pm
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Bancorp's Q2 earnings per share met expectations at $1.07, showing a significant 20.22% increase from the previous year. However, the company's sales of $93.80 million fell short of the $96.41 million estimate, despite a 7.57% year-over-year increase.
While Bancorp's earnings per share met expectations and showed significant growth, the miss on sales estimates could create mixed sentiment among investors. The overall impact on the stock price is likely to be neutral in the short term.
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IMPORTANCE 80
RELEVANCE 100