The Bancorp, Inc. (NASDAQ:TBBK) Q3 2023 Earnings Call Transcript

Damian Kozlowski: Yes, single. So we had an adjustment year due to inflation this year and a lot of investment in our ecosystem, even new office space to have collaborative space. So that will be more normalized. We’re going to try to continue with the 10%. We’re at such a high profitability level that if you can get a 10% between revenue and expense growth, it has obviously a dramatic impact. And that’s why we’re fairly comfortable with that 425 [ph] number, we’ll still be able to do that. So we’ll have low in a conservative view without the bond purchases and without the impact of buybacks again, we think we can maintain a mid to lower single-digit expense growth with a low teens revenue growth. And that obviously will have a big impact on earnings per share.

Operator: [Operator Instructions] And there are no further questions at this time. Damian Kozlowski, please proceed.

Damian Kozlowski: Well, thank you so much, operator. Thank you to everyone for joining us today. Operator, you can disconnect the call.

Operator: Ladies and gentlemen, this concludes your conference call for today. We thank you for your participating and we ask that you please disconnect your lines.