Bancorp, Inc. TBBK Income Statement

Bancorp, inc. (TBBK)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income
Loans, including fees
39,316	31,357	35,302	29,948	30,499	25,061	24,981	21,971	23,302	20,015	21,420	20,017	17,629	18,643	17,697	15,362	15,869	14,819	12,811	11,534	10,697	10,018	9,175	8,802	8,464	7,228	7,198	6,817	6,398	-37,147	19,787	19,260	18,946	19,179	19,011	18,144	18,293	18,419	18,373
Investment securities:
Taxable interest
10,495	9,637	10,485	11,634	10,530	10,618	10,906	10,770	9,699	9,131	8,847	9,138	9,005	8,437	8,350	7,900	6,532	5,290	4,562	5,006	5,060	4,858	5,311	5,356	5,137	4,654	4,057	3,801	3,487	3,310	3,507	3,371	3,190	3,053	2,732	2,340	1,557	1,641	1,702
Tax-exempt interest
32	37	43	43	47	48	50	49	60	78	86	70	72	101	142	176	321	1,432	3,097	3,117	3,174	3,148	3,157	2,956	2,084	1,834	1,326	873	725	701	709	712	693	679	651	670	672	523	347
Federal funds sold / securities purchased under agreements to resell
-	-	-	-	-	339	480	475	414	379	371	333	227	151	146	128	27	112	143	158	164	166	105	85	106	146	157	98	24	-	-	-	0	-	-	-	-	-	-
Interest earning deposits
1,623	2,505	2,545	2,455	2,502	2,571	2,239	2,095	1,832	1,241	1,190	1,255	1,516	560	397	378	902	595	580	557	622	332	285	411	764	546	438	505	838	419	356	605	1,053	420	296	230	515	176	83
Total interest income
51,466	43,536	48,375	44,080	43,578	38,637	38,656	35,360	35,307	30,844	31,914	30,813	28,449	27,892	26,732	23,944	23,651	22,248	21,193	20,372	19,717	18,522	18,033	17,610	16,555	14,408	13,176	12,094	11,472	-32,710	24,359	23,948	23,882	23,331	22,690	21,384	21,037	20,759	20,505
Interest expense
Deposits
8,228	7,673	9,034	8,823	8,870	7,648	7,690	5,639	4,969	3,864	3,688	3,432	3,434	2,680	2,906	2,815	2,971	3,533	3,277	3,215	3,099	2,660	2,635	2,695	2,777	2,614	2,578	2,476	2,498	2,343	2,556	2,826	2,722	2,666	2,783	2,885	2,605	3,470	3,534
Securities sold under agreements to repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	1	1	4	9	13	14	11	12	15	13	12	14	20	24	24	27	93	96	26	16	5	7
Short-term borrowings
165	507	1,595	526	503	190	148	9	104	-	175	22	-	-	153	110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3	17	59
Subordinated debentures
162	177	186	192	195	190	186	178	160	154	150	144	138	137	131	128	124	120	117	116	95	134	116	113	115	115	115	118	200	217	218	217	217	216	216	216	215	217	216
Total interest expense
8,555	8,357	10,815	9,541	9,568	8,028	8,024	5,826	5,233	4,157	4,013	3,598	3,572	2,914	3,190	3,054	3,095	3,666	3,395	3,335	3,203	2,807	2,765	2,819	2,904	2,744	2,706	2,606	2,712	2,580	2,798	3,067	2,966	2,975	3,095	3,127	2,839	3,709	3,816
Net interest income
42,911	35,179	37,560	34,539	34,010	30,609	30,632	29,534	30,074	26,687	27,901	27,215	24,877	24,978	23,542	20,890	20,556	18,582	17,798	17,037	16,514	15,715	15,268	14,791	13,651	11,664	10,470	9,488	8,760	-35,290	21,561	20,881	20,916	20,356	19,595	18,257	18,198	17,050	16,689
Provision for credit losses
3,579	1,450	650	600	1,700	925	1,060	900	700	770	800	350	1,000	-	750	1,060	-	300	625	510	665	-1,404	158	1,173	1,275	-106	379	247	-165	-8,405	5,540	4,287	5,220	4,844	5,019	6,963	4,672	5,121	5,806
Net interest income after provision for credit losses
39,332	33,729	36,910	33,939	32,310	29,684	29,572	28,634	29,374	25,917	27,101	26,865	23,877	23,428	22,792	19,830	20,556	18,282	17,173	16,527	15,849	17,119	15,110	13,618	12,376	11,770	10,091	9,241	8,925	-26,885	16,021	16,594	15,696	15,512	14,576	11,294	13,526	11,929	10,883
Non-interest income
Service fees on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	1,520	1,675	-	1,510	978	847	1,889	1,919	1,900	1,760	2,060	1,692	1,377	1,210	1,547	1,286	1,084	1,060	1,036	928	847	737	739	589	589	635	602	527
Card payment and ACH processing fees
-	-	-	-	-	-	-	-	-	-	-	1,504	1,528	-	1,459	1,457	1,267	1,489	1,493	1,496	1,253	1,413	1,369	1,317	1,303	1,106	1,027	1,046	867	755	740	809	673	-	591	590	-	-	-
Merchant credit card processing and ACH fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	569	478	577
Prepaid, debit card and related fees
-	-	-	-	-	-	-	-	-	-	-	13,234	13,547	11,993	12,249	13,510	13,574	11,744	11,492	11,128	13,132	12,614	12,307	12,898	13,468	11,657	10,177	11,531	11,974	9,741	7,459	7,065	9,046	5,490	4,030	4,390	4,755	2,785	2,512
Net realized and unrealized gains (losses) on commercial loans originated for sale
-5,156	-247	13,704	-148	10,763	224	8,999	-454	11,729	384	11,394	758	5,383	2,092	903	1,339	-1,433	3,333	-830	5,901	1,676	-926	2,772	5,212	5,484	4,560	4,739	5,748	2,178	-	-	-	0	-	-	-	-	-	-
Gain on sale of investment securities
-	-	-	-	-	-	-	-	26	-	506	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of IRA portfolio
-	-	-	-	-	-	65,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment securities
-	-	-	-	-	-	-	-	-	-	-	586	503	-	981	124	2,026	14,497	-335	193	80	85	-35	159	241	1,104	42	476	267	-	107	-	0	-	20	603	-	2	469
Change in value of investment in unconsolidated entity
-45	-	-	-	-	-708	-78	-1,732	-1,171	0	-4	3	-19	-25,220	811	-13,936	812	-1,412	1,040	1,056	1,045	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other than temporary impairment on securities held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	20	76	0	126	0	-	0	0	-	-	-
Other than temporary impairment on securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75	135	0
Leasing related income
833	932	589	1,027	695	718	758	1,108	487	575	705	832	551	551	588	464	404	564	552	656	519	663	840	1,015	381	707	624	642	587	609	552	843	950	630	538	645	704	733	511
Debit card income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	460	383	414	456	426	337	158	201	196	80	98	148	156	-	129	189	-	-	-
Debit card income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	427	471	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debit card income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	372	139	172
Affinity fees
-	-	-	-	-	10	84	85	102	100	275	149	1,021	1,056	1,091	1,322	1,094	967	1,083	896	412	745	649	668	534	558	722	850	856	815	792	584	603	683	547	355	21	-	-
Gain on sale of health savings accounts
-	-	-	-	-	-	-	-	-	-	-	2,538	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from sale of European prepaid card operations
-	-	-	-	-	-	-	-	-	-	-	-3,437	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
571	841	490	495	394	827	320	172	372	744	376	486	30	710	312	4,282	97	3,412	458	1,027	440	638	299	287	631	244	449	411	1,075	130	557	279	125	116	229	426	702	181	191
Total non-interest income
16,599	20,498	33,515	19,749	30,365	16,690	90,970	17,040	29,095	20,149	29,007	18,173	24,219	-5,646	19,904	9,540	18,688	70,267	17,299	24,724	20,777	17,675	20,307	23,389	23,678	21,820	19,224	21,989	19,040	15,529	11,233	10,449	12,290	8,382	6,673	7,787	7,683	4,785	4,959
Non-interest expense
Salaries and employee benefits
22,741	24,067	24,526	21,826	23,840	20,603	19,243	18,897	21,073	17,930	21,788	18,108	18,006	19,551	21,508	21,308	19,584	18,713	16,768	17,384	15,525	15,685	13,935	15,744	15,145	13,320	13,321	13,438	12,169	11,201	9,991	9,099	9,616	8,548	8,030	7,550	6,980	6,422	6,468
Depreciation and amortization
844	871	885	966	974	985	999	982	1,031	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	1,080	1,119	1,206	1,231	1,241	1,271	1,239	1,179	1,171	1,195	1,202	1,162	1,178	1,133	1,050	1,029	934	935	796	749	692	677	644	224	767	723	729	768	741
Rent and related occupancy cost
1,419	2,324	1,432	1,444	1,428	1,397	1,343	1,375	1,359	1,453	1,368	1,398	1,461	1,852	1,638	1,371	1,459	1,315	1,558	1,401	1,385	1,271	1,274	1,122	1,027	1,031	986	1,017	824	525	898	805	797	777	749	734	699	670	654
Data processing expense
1,169	1,210	1,192	1,223	1,269	1,446	1,380	1,356	2,005	2,112	1,926	2,641	3,480	3,501	3,507	3,730	3,960	3,624	3,747	3,760	3,228	3,174	3,315	3,463	3,255	2,931	2,710	2,724	2,523	2,023	2,547	2,725	2,643	2,315	2,080	2,173	2,393	2,129	1,695
One-time fee to exit data processing contract
-	-	-	-	-	-	-	-	-	-	1,136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Printing and supplies
158	131	164	202	140	127	285	305	189	234	282	333	505	772	825	826	543	846	622	568	615	592	492	589	556	407	352	422	417	301	422	458	456	454	395	398	282	247	337
Audit expense
401	520	402	396	467	449	471	613	469	412	393	456	421	359	246	245	255	407	397	773	426	295	356	400	376	478	347	305	311	286	284	273	302	276	295	250	260	192	311
Legal expense
913	995	1,466	1,534	1,324	2,034	1,610	1,770	2,431	2,163	2,744	1,427	1,738	2,897	814	2,223	749	1,348	427	648	1,405	613	557	302	630	1,115	642	200	91	-675	1,243	607	536	943	662	696	500	668	701
Amortization of intangible assets
147	383	382	383	383	383	382	383	383	395	377	377	379	371	394	344	294	293	298	298	297	299	304	304	304	392	250	250	250	251	250	250	250	251	250	250	250	250	250
Losses on sale and write downs on other real estate owned
-	-	-	-	-	-	-	-	45	-	-	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses on sale and write downs on other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-533	-421	-1,451	0	-64	-439	-52	-2	0
FDIC insurance
2,589	2,141	860	2,095	1,929	1,430	2,241	2,929	2,219	2,511	2,063	3,458	2,065	2,973	2,436	2,332	2,350	3,009	2,700	2,753	2,853	2,508	1,492	1,116	1,689	953	895	858	976	768	716	754	934	707	705	711	1,212	1,170	1,098
Software
3,477	3,551	3,199	3,060	2,921	3,425	3,593	2,995	3,291	3,269	3,088	3,012	3,228	3,144	3,032	2,818	2,168	2,429	1,920	1,523	1,350	1,459	1,158	1,123	1,168	881	933	965	774	-	551	626	-	-	-	-	-	-	-
Insurance
623	601	663	617	594	611	673	673	621	480	633	542	678	600	631	554	510	482	482	501	458	360	404	485	451	415	352	298	246	-	-	-	-	-	-	-	-	-	-
Telecom and IT network communications
392	433	417	318	325	402	332	313	326	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Telecom and IT network communications
-	-	-	-	-	-	-	-	-	-	426	425	592	435	582	587	378	596	458	412	550	767	763	480	521	138	750	341	254	-	-	-	-	-	-	-	-	-	-
Securitization and servicing expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	569	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securitization and servicing expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	178	-	698	398	373	479	-11	573	703	578	278	343	-	146	-	-	-	-	-	-	-	-	-	-
Consulting
255	664	934	1,007	635	581	1,130	863	665	482	505	706	534	1,190	1,701	836	1,677	988	1,125	732	1,488	1,190	1,157	409	696	501	464	308	427	-	-	-	-	-	-	-	-	-	-
Bank Secrecy Act and lookback consulting expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	5	1,340	13,421	14,315	14,801	11,687	9,212	5,744	-	2,749	2,169	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Civil money penalties
-	-	-1,400	-	-	-	-	0	290	-	-2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease termination expense
-	-	-	908	-	-	-	395	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Software
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	567	-	429	381	366	347	328
Other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	-380	-159	-952	-357	317	-167	-20	-
Other
3,290	2,250	4,129	3,540	3,000	3,003	3,617	3,461	3,232	3,106	3,574	3,342	3,490	2,950	4,276	5,092	5,088	5,271	4,037	4,901	3,855	4,381	3,428	4,470	3,759	3,257	3,105	3,292	2,750	-1,036	3,801	3,964	3,432	3,538	2,975	3,510	3,200	3,085	2,655
Total non-interest expense
38,418	47,722	42,051	39,519	39,229	37,620	37,299	37,310	39,049	35,885	43,883	37,363	37,783	42,128	44,171	57,136	55,138	58,999	47,795	46,434	40,860	37,628	33,135	34,012	31,205	27,126	26,384	25,353	22,954	15,464	21,898	21,039	21,787	19,224	17,758	18,132	17,090	15,970	15,238
Income from continuing operations before income taxes
17,513	6,505	28,374	14,169	23,446	8,754	83,243	8,364	19,420	10,181	12,225	7,675	10,313	-24,346	-1,475	-27,766	-15,894	29,550	-13,323	-5,183	-4,234	-2,834	2,282	2,995	4,849	6,464	2,931	5,877	5,011	-26,820	5,356	6,004	6,199	4,670	3,491	949	4,119	744	604
Income tax expense
4,352	3,641	7,975	3,575	6,035	2,691	21,942	2,209	5,399	23,513	5,455	-9,923	4,011	2,557	55	-10,004	-5,272	12,267	-5,706	-2,684	-2,427	-13,929	-3,560	1,343	1,623	2,156	978	1,961	1,672	-9,664	1,795	2,150	2,227	1,382	1,209	289	1,431	156	197
Net income from continuing operations
13,161	2,864	20,399	10,594	17,411	6,063	61,301	6,155	14,021	-13,332	6,770	17,598	6,302	-26,903	-1,530	-17,762	-10,622	17,283	-7,617	-2,499	-1,807	11,095	5,842	1,652	3,226	4,308	1,953	3,916	3,339	-	-	-	-	-	-	-	-	-	-
Discontinued operations
Income (loss) from discontinued operations before income taxes
-775	-1,365	151	919	805	1,755	-370	-50	156	-1,429	829	1,992	2,667	-5,044	-21,490	-16,214	-369	2,600	2,997	4,097	3,099	10,183	34,854	12,063	-2,475	-9,116	-314	3,677	-5,915	-	-	-	-	-	-	-	-	-	-
Income tax expense (benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,711	438	-5,127	8,248	-	-	-	-	-	-	-	-	-	-
Income tax expense (benefit)
-205	-	125	163	286	-	-346	-36	37	-	318	726	1,006	-	2,531	-2,616	-79	-	955	1,424	1,078	-	15,727	3,393	-876	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations, net of tax
-570	-1,010	26	756	519	1,056	-24	-14	119	897	511	1,266	1,661	-1,766	-24,021	-13,598	-290	1,336	2,042	2,673	2,021	9,096	19,127	8,670	-1,599	-21,827	-752	8,804	-14,163	-	-	-	-	-	-	-	-	-	-
Net income
12,591	-	-	-	17,930	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	588	407
Less preferred stock dividends and accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income
-	-	20,425	11,350	-	-	61,277	6,141	14,140	-	7,281	18,864	7,963	-	-25,551	-31,360	-10,912	-	-5,575	174	214	-	24,969	10,322	1,627	-17,520	1,201	12,720	-10,824	-54,540	3,561	3,854	3,972	3,288	2,282	660	2,688	588	407
Net income per share from continuing operations - basic
0.23	0.04	0.36	0.19	0.31	0.10	1.09	0.11	0.25	-0.24	0.12	0.32	0.11	-0.50	-0.03	-0.47	-0.28	0.46	-0.20	-0.07	-0.05	0.31	0.15	0.04	0.08	0.12	0.05	0.10	0.10	-	-	-	-	-	-	-	-	-	-
Net income (loss) per share from discontinued operations - basic
-0.01	-0.01	0.00	0.01	0.01	-	-	-	-	0.02	0.01	0.02	0.03	-0.01	-0.51	-0.36	-0.01	0.04	0.05	0.07	0.05	0.24	0.51	0.23	-0.04	-0.58	-0.02	0.24	-0.39	-	-	-	-	-	-	-	-	-	-
Net income per share - basic
0.22	0.03	0.36	0.20	0.32	0.12	1.09	0.11	0.25	-0.22	0.13	0.34	0.14	-0.51	-0.54	-0.83	-0.29	-	-0.15	-	-	0.55	0.66	0.27	0.04	-0.46	0.03	0.34	-0.29	-1.65	0.11	0.12	0.12	0.09	0.07	0.02	0.10	0.02	0.02
Net income per share from continuing operations - diluted
0.23	0.03	0.36	0.19	0.31	0.10	1.07	0.11	0.25	-0.24	0.12	0.32	0.11	-0.50	-0.03	-0.47	-0.28	0.46	-0.20	-0.07	-0.05	0.30	0.15	0.04	0.08	0.11	0.05	0.10	0.09	-	-	-	-	-	-	-	-	-	-
Net income (loss) per share from discontinued operations - diluted
-0.01	-0.01	0.00	0.01	0.01	-	-	-	-	0.02	0.01	0.02	0.03	-0.01	-0.51	-0.36	-0.01	0.04	0.05	0.07	0.05	0.22	0.51	0.23	-0.04	-0.58	-0.02	0.24	-0.39	-	-	-	-	-	-	-	-	-	-
Net income per share - diluted
0.22	0.02	0.36	0.20	0.32	0.12	1.07	0.11	0.25	-0.22	0.13	0.34	0.14	-0.51	-0.54	-0.83	-0.29	-	-0.15	-	-	0.52	0.66	0.27	0.04	-0.47	0.03	0.34	-0.30	-1.65	0.11	0.12	0.12	0.09	0.07	0.02	0.10	0.02	0.02
Service Fees On Deposit Accounts [Member]
Non-interest income
10	6	8	14	47	-2	402	1,646	1,576	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ACH, Card And Other Payment Processing Fees [Member]
Non-interest income
1,846	1,962	2,590	2,521	2,303	2,538	2,281	2,142	1,692	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid, Debit Card And Related Fees [Member]
Non-interest income
18,540	-	16,134	15,840	16,163	-	13,204	14,073	14,282	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-