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Article: The Bancorp, Inc. Reports Third Quarter 2009 Results.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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The Bancorp, Inc. ("Bancorp") (NASDAQ: TBBK), a bank holding company, reported results for the quarter ended September 30, 2009. Third Quarter 2009 Financial Highlights: Transaction accounts increased to $1.7 billion, a 57% increase from the third quarter of 2008 and a 47% over December 31, 2008.
Transaction accounts total 95% of total deposits at September 30, 2009.
The cost of deposits decreased to 0.94% for the third quarter of 2009 as compared to 1.02% for the second quarter of 2009, and 2.51% for the third quarter of 2008.
Construction loans decreased 26% from December 31, 2008 to $227.2 million at September 30, 2009. Financial Results ...