The Bancorp Inc. reported earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net interest income of $22,086,000 against $20,356,000 a year ago. Net income before income tax expense was $6,859,000 against $4,670,000 a year ago. Net income available to common shareholders was $5,237,000 or $0.15 per basic and diluted share against $3,288,000 or $0.10 per basic and diluted share a year ago. Return on average assets was 0.62% against 0.43% a year ago. Return on average equity was 7.04% against 4.84% a year ago. Adjusted operating earnings were $13,875,000 against $9,378,000 a year ago.

For the year, the company reported net interest income of $85,444,000 against $76,406,000 a year ago. Net income before income tax expense was $24,418,000 against $13,229,000 a year ago. Net income available to common shareholders was $16,624,000 or $0.50 per basic and diluted share against $8,918,000 or $0.28 per basic and diluted share a year ago. Return on average assets was 0.48% against 0.31% a year ago. Return on average equity was 5.86% against 3.54% a year ago. As on December 31, 2012, the company's book value per share was $9.06 against $8.18 a year ago. Adjusted operating earnings were $48,905,000 against $34,598,000 a year ago.