Financial services company The Bancorp (NASDAQ:TBBK) will be announcing earnings results this Thursday after the bell. Here’s what you need to know.
The Bancorp missed analysts’ revenue expectations by 9.9% last quarter, reporting revenues of $174.7 million, up 38.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ net interest income estimates.
Is The Bancorp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting The Bancorp’s revenue to grow 30.6% year on year to $194.1 million, improving from the 24.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.46 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. The Bancorp has missed Wall Street’s revenue estimates five times over the last two years.
Looking at The Bancorp’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. UMB Financial delivered year-on-year revenue growth of 66%, beating analysts’ expectations by 6%, and WSFS Financial reported revenues up 6.2%, topping estimates by 4.1%. WSFS Financial traded up 6.5% following the results.
Read our full analysis of UMB Financial’s results here and WSFS Financial’s results here.
There has been positive sentiment among investors in the regional banks segment, with share prices up 3.4% on average over the last month. The Bancorp is down 2.7% during the same time and is heading into earnings with an average analyst price target of $76.50 (compared to the current share price of $68.33).
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