The Bancorp reports Q2 EPS $1.05, consensus $1.07

Return on assets and equity for the quarter ended June 30, 2024, amounted to 2.8% and 27%, respectively, compared to 2.6% and 27%, respectively, for the quarter ended June 30, 2023. Net interest income increased 8% to $93.8 million for the quarter ended June 30, 2024, compared to $87.2 million for the quarter ended June 30, 2023. Net interest margin amounted to 4.97% for the quarter ended June 30, 2024, compared to 4.83% for the quarter ended June 30, 2023, and 5.15% for the quarter ended March 31, 2024. Gross dollar volume, or “GDV,”, representing the total amounts spent on prepaid and debit cards, increased $4.36B, or 13%, to $37.14B for the quarter ended June 30, 2024, compared to the quarter ended June 30, 2023.