The Bancorp, Inc. (NASDAQ:TBBK) Q4 2023 Earnings Conference Call January 26, 2024 8:00 AM ET
Company Participants
Andres Viroslav - Investor Relations
Damian Kozlowski - Chief Executive Officer
Paul Frenkiel - Chief Financial Officer
Conference Call Participants
Michael Perito - KBW
Frank Schiraldi - Piper Sandler
Operator
Good morning ladies and gentlemen and welcome to the Bancorp Inc. Q4 and Fiscal 2023 Earnings Conference Call. [Operator Instructions] This call is being recorded on Friday, January 26, 2024.
I would now like to turn the conference over to Mr. Andres Viroslav. Please go ahead, sir.
Andres Viroslav
Thank you, operator. Good morning and thank you for joining us today for the Bancorp's fourth quarter and fiscal 2023 financial results conference call. On the call with me today are Damian Kozlowski, Chief Executive Officer; and Paul Frenkiel, our Chief Financial Officer. This morning's call is being webcast on our website at www.thebancorp.com. There will be a replay of the call available via webcast on our website beginning at approximately 12:00 p.m. Eastern Time today. The dial-in for the replay is 1-877-674-7070 with a confirmation code of 545154.
Before I turn the call over to Damian, I would like to remind everyone that one using this conference call, the words believes, anticipates, expects and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties which could cause actual results, performance or achievements to differ materially from those anticipated or suggested by such statements. For further discussion of these risks and uncertainties, please see The Bancorp's filings with the SEC. Listeners are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. The Bancorp undertakes no obligation to publicly release the results of any revisions to forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Now, I'd like to turn the call over to The Bancorp's Chief Executive Officer, Damian Kozlowski. Damian?
Damian Kozlowski
Thank you, Andres. And good morning, everyone. Excluding the tax affected impact of a onetime write-off of the company's only trust preferred security purchased in 2006. The Bancorp earned $0.95 a share with the year-over-year revenue growth of 16% and expense growth of 5%. Excluding the trust preferred write-off, ROE was 26%. NIM expanded to 5.26% from 5.07% quarter-over-quarter and 4.21% year-over-year. GDV increased 13% year-over-year and total fees from all fintech activities increased 15%.