Why Shares Of Bancorp Inc Are Surging Today

newsfeedback@fool.com (Seth McNew), The Motley Fool
Fri, 04/28/2017 - 1:43pm

Shares of Bancorp Inc. (NASDAQ: TBBK), which specializes in providing private-label banking, surged as much as 33% at one point today after the company reported Q1 earnings ahead of expectations. For the quarter, Bancorp earnings jumped -- going from a net loss of $0.29 per share in Q1 2016 to positive net income of $8 million, or $0.14 per share, for this quarter.

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Topics:  inc nasdaq tbbk    q1   today   shares of bancorp   quarter   income   net   earnings   
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