The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, and commercial accounts. It also provides securities-backed lines of credit, insurance policy cash value-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards. The company offers private label banking; credit and debit card payment processing for independent service organizations; institutional banking; and internet banking services. The Bancorp, Inc. was incorporated in 1999 and is headquartered in Wilmington, Delaware.
IPO Year: 2004
Exchange: NASDAQ
Website: thebancorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/30/2023 | $38.00 | Outperform | Raymond James |
| 1/12/2022 | $40.00 | Outperform | Keefe Bruyette |
| 11/1/2021 | $30.00 → $38.00 | Strong Buy | Raymond James |
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Raymond James initiated coverage of The Bancorp with a rating of Outperform and set a new price target of $38.00
Keefe Bruyette initiated coverage of The Bancorp with a rating of Outperform and set a new price target of $40.00
Raymond James reiterated coverage of The Bancorp with a rating of Strong Buy and set a new price target of $38.00 from $30.00 previously
The Bancorp, Inc. ("The Bancorp" or the "Company" or "we" or "our") (NASDAQ:TBBK), a financial holding company, today reported its financial results for the third quarter of 2024. Net income for the third quarter of 2024 amounted to $51.5 million. Factors Helpful to Understand Third Quarter Net Income As explained under recent developments below, a new CECL factor was added which increased the provision for credit losses and resulted in an after-tax reduction in net income of $1.5 million. Prior period interest income reversals on real estate bridge loans transferred to nonaccrual or modified, resulted in an after-tax reduction in net income of $1.2 million. A loss resulting from a
The Bancorp, Inc. ("Bancorp") (NASDAQ:TBBK) today announced that it will release its third quarter 2024 financial results after market hours on Thursday, October 24, 2024, and invites investors and other interested parties to listen to its earnings results conference call on Friday, October 25, 2024, at 8:00 a.m. Eastern time. All interested parties can access the live conference call webcast by visiting The Bancorp site at www.thebancorp.com and clicking on the webcast link located on the home page or by dialing 1.800.225.9448, conference code BANCORP. For those who are not available to listen to the live broadcast, the replay will be available following the live call via webcast on Banco
Retired Visa Inc. Executive Set to Join The Bancorp Board of Directors in October The Bancorp, Inc. (NASDAQ:TBBK) and its wholly-owned subsidiary The Bancorp Bank, N.A. (collectively, the "Company" or "The Bancorp") are pleased to announce that Todd Brockman will join the Company's Board of Directors, effective October 1, 2024. The addition of Brockman will support the continued growth of the Company's Fintech Solutions business. Brockman brings over 25 years of experience as a senior executive in the payments and financial technology industry. He served as Senior Vice President, General Manager of Visa DPS, one of the largest issuer processors in the world. In 2021, Brockman was elevat
The Bancorp, Inc. ("The Bancorp" "the Company" or "we" or "our") (NASDAQ:TBBK), a financial holding company, today reported financial results for the second quarter of 2024. Recent Developments The Company entered into a purchase and sale agreement for an apartment property acquired by The Bancorp Bank through foreclosure in connection with a real estate bridge lending ("REBL") loan. At June 30, 2024, the related $39.4 million balance, comprised the majority of our other real estate owned. The purchaser made an earnest money deposit of $125,000 in July 2024, with additional required deposits projected to total $500,000 prior to the December 31, 2024, closing deadline. The sales price is
The Bancorp, Inc. ("Bancorp") (NASDAQ:TBBK) today announced that it will release its second quarter 2024 financial results after market hours on Thursday, July 25, 2024, and invites investors and other interested parties to listen to its earnings results conference call on Friday, July 26, 2024, at 8:00 a.m. Eastern time. All interested parties can access the live conference call webcast by visiting The Bancorp site at www.thebancorp.com and clicking on the webcast link located on the home page or by dialing 1.800.225.9448, conference code BANCORP. For those who are not available to listen to the live broadcast, the replay will be available following the live call via webcast on Bancorp's
Matthew Cohn of Philadelphia will head the non-profit's volunteer-led Global Mission Board which focuses on special initiatives in type 1 diabetes research, fundraising, community engagement, and advocacy NEW YORK, July 10, 2024 /PRNewswire/ -- Breakthrough T1D, formerly JDRF, the leading global type 1 diabetes (T1D) research and advocacy organization, today announced the appointment of Matthew Cohn as the new chair of the non-profit's Global Mission Board. Breakthrough T1D's Global Mission Board is a volunteer-led group, appointed by the organization's board of directors, that focuses on special initiatives in type 1 diabetes research, fundraising, community engagement and advocacy. Matthew
The Bancorp, Inc. (NASDAQ:TBBK) and its wholly-owned subsidiary The Bancorp Bank, N.A. (collectively, the "Company") recently announced that Mark Tryniski has joined the Company's Board of Directors. The appointment took effect on May 29, 2024. The addition of Tryniski reflects recent changes in the composition of the Company's board, following the departure of John Eggemeyer. Tryniski brings a wealth of knowledge and experience in finance, accounting, risk management, banking regulations, and corporate governance. In his most recent role, Tryniski served as the President and Chief Executive Officer of Community Bank System, Inc. from 2006 to 2023. From 2003 to 2006, he held the positions
The Bancorp, Inc. ("The Bancorp" or "the Company" or "we" or "our") (NASDAQ:TBBK), a financial holding company, today reported financial results for the first quarter of 2024. Recent Developments The Bancorp has increased its share repurchase authorization for the second quarter of 2024 from $50.0 million to $100.0 million. In April 2024, the Company began purchasing additional fixed rate agency backed commercial and residential mortgage securities of varying maturities, with an approximate 5.11% weighted average yield, and estimated weighted average lives of eight years, to reduce its exposure to lower levels of net interest income, should the Federal Reserve begin decreasing rate
The Bancorp, Inc. ("Bancorp") (NASDAQ:TBBK) today announced that it will release its first quarter 2024 financial results after market hours on Thursday, April 25, 2024, and invites investors and other interested parties to listen to its earnings results conference call on Friday, April 26, 2024, at 8:00 a.m. Eastern time. All interested parties can access the live conference call webcast by visiting The Bancorp site at www.thebancorp.com and clicking on the webcast link located on the home page or by dialing 1.800.267.6316, conference code BANCORP. For those who are not available to listen to the live broadcast, the replay will be available following the live call via webcast on Bancorp'
Recognition awarded to The Bancorp for the fifth and third consecutive years respectively The Bancorp, Inc. (NASDAQ:TBBK), through its subsidiary, The Bancorp Bank, N.A., today announced it has been named a Readers' Choice Top Employer for two national career magazines produced by Equal Opportunity Publications: Equal Opportunity Magazine and Careers and the disABLED Magazine. For the fifth consecutive year, The Bancorp has been recognized by Equal Opportunity Magazine, climbing to No. 12 from No. 23 in 2023. It also earned recognition as a Top Employer for Careers and the disABLED for the third consecutive year, maintaining its ranking at No. 14. "At The Bancorp, we pride ourselves o
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Bancorp's (NYSE:TBBK) short percent of float has risen 4.16% since its last report. The company recently reported that it has 6.40 million shares sold short, which is 15.53% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.53 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
Piper Sandler analyst Frank Schiraldi reiterates Bancorp (NASDAQ:TBBK) with a Overweight and maintains $55 price target.
Bancorp (NASDAQ:TBBK) reported quarterly earnings of $1.06 per share which met the analyst consensus estimate. This is a 20.45 percent increase over earnings of $0.88 per share from the same period last year. The company reported quarterly sales of $94.418 million which missed the analyst consensus estimate of $116.507 million by 18.96 percent. This is a 10.02 percent increase over sales of $85.816 million the same period last year.
Keefe, Bruyette & Woods analyst Timothy Switzer maintains Bancorp (NASDAQ:TBBK) with a Outperform and lowers the price target from $52 to $46.
https://img1.wsimg.com/blobby/go/cc91fda7-4669-4d1b-81ce-a0b8d77f25ab/downloads/Culper_TBBK_3-21-2024.pdf?ver=1711029116602
Keefe, Bruyette & Woods analyst Timothy Switzer maintains Bancorp (NASDAQ:TBBK) with a Outperform and lowers the price target from $55 to $52.
Raymond James analyst David Feaster maintains Bancorp (NASDAQ:TBBK) with a Outperform and raises the price target from $42 to $50.
The Bancorp, Inc. ("The Bancorp" or the "Company" or "we" or "our") (NASDAQ:TBBK), a financial holding company, today reported its financial results for the third quarter of 2024. Net income for the third quarter of 2024 amounted to $51.5 million. Factors Helpful to Understand Third Quarter Net Income As explained under recent developments below, a new CECL factor was added which increased the provision for credit losses and resulted in an after-tax reduction in net income of $1.5 million. Prior period interest income reversals on real estate bridge loans transferred to nonaccrual or modified, resulted in an after-tax reduction in net income of $1.2 million. A loss resulting from a
The Bancorp, Inc. ("Bancorp") (NASDAQ:TBBK) today announced that it will release its third quarter 2024 financial results after market hours on Thursday, October 24, 2024, and invites investors and other interested parties to listen to its earnings results conference call on Friday, October 25, 2024, at 8:00 a.m. Eastern time. All interested parties can access the live conference call webcast by visiting The Bancorp site at www.thebancorp.com and clicking on the webcast link located on the home page or by dialing 1.800.225.9448, conference code BANCORP. For those who are not available to listen to the live broadcast, the replay will be available following the live call via webcast on Banco
The Bancorp, Inc. ("The Bancorp" "the Company" or "we" or "our") (NASDAQ:TBBK), a financial holding company, today reported financial results for the second quarter of 2024. Recent Developments The Company entered into a purchase and sale agreement for an apartment property acquired by The Bancorp Bank through foreclosure in connection with a real estate bridge lending ("REBL") loan. At June 30, 2024, the related $39.4 million balance, comprised the majority of our other real estate owned. The purchaser made an earnest money deposit of $125,000 in July 2024, with additional required deposits projected to total $500,000 prior to the December 31, 2024, closing deadline. The sales price is
The Bancorp, Inc. ("Bancorp") (NASDAQ:TBBK) today announced that it will release its second quarter 2024 financial results after market hours on Thursday, July 25, 2024, and invites investors and other interested parties to listen to its earnings results conference call on Friday, July 26, 2024, at 8:00 a.m. Eastern time. All interested parties can access the live conference call webcast by visiting The Bancorp site at www.thebancorp.com and clicking on the webcast link located on the home page or by dialing 1.800.225.9448, conference code BANCORP. For those who are not available to listen to the live broadcast, the replay will be available following the live call via webcast on Bancorp's
The Bancorp, Inc. ("The Bancorp" or "the Company" or "we" or "our") (NASDAQ:TBBK), a financial holding company, today reported financial results for the first quarter of 2024. Recent Developments The Bancorp has increased its share repurchase authorization for the second quarter of 2024 from $50.0 million to $100.0 million. In April 2024, the Company began purchasing additional fixed rate agency backed commercial and residential mortgage securities of varying maturities, with an approximate 5.11% weighted average yield, and estimated weighted average lives of eight years, to reduce its exposure to lower levels of net interest income, should the Federal Reserve begin decreasing rate
The Bancorp, Inc. ("Bancorp") (NASDAQ:TBBK) today announced that it will release its first quarter 2024 financial results after market hours on Thursday, April 25, 2024, and invites investors and other interested parties to listen to its earnings results conference call on Friday, April 26, 2024, at 8:00 a.m. Eastern time. All interested parties can access the live conference call webcast by visiting The Bancorp site at www.thebancorp.com and clicking on the webcast link located on the home page or by dialing 1.800.267.6316, conference code BANCORP. For those who are not available to listen to the live broadcast, the replay will be available following the live call via webcast on Bancorp'
The Bancorp, Inc. ("The Bancorp" or "we") (NASDAQ:TBBK), a financial holding company, today reported financial results for the fourth quarter and full year of 2023. Highlights The Bancorp reported net income of $44.0 million, or $0.81 per diluted share, for the quarter ended December 31, 2023, compared to net income of $40.2 million, or $0.71 per diluted share, for the quarter ended December 31, 2022. Excluding the tax effected impact of a $10.0 million provision for credit loss on its only trust preferred security, non-GAAP adjusted diluted earnings per share amounted to $0.95.* Return on assets and equity for the quarter ended December 31, 2023 amounted to 2.4% and 22%, respective
The Bancorp, Inc. ("Bancorp") (NASDAQ:TBBK) today announced that it will release its fourth quarter and fiscal 2023 financial results after market hours on Thursday, January 25, 2024, and invites investors and other interested parties to listen to its earnings results conference call on Friday, January 26, 2024, at 8:00 a.m. Eastern time. All interested parties can access the live conference call webcast by visiting The Bancorp site at www.thebancorp.com and clicking on the webcast link located on the home page or by dialing 1.888.259.6580, conference code 18545154. For those who are not available to listen to the live broadcast, the replay will be available following the live call via we
The Bancorp, Inc. ("The Bancorp" or "we") (NASDAQ:TBBK), a financial holding company, today reported financial results for the third quarter of 2023. Highlights The Bancorp reported net income of $50.1 million, or $0.92 per diluted share, for the quarter ended September 30, 2023, compared to net income of $30.6 million, or $0.54 per diluted share, for the quarter ended September 30, 2022, or a 70% increase in income per diluted share. Return on assets and equity for the quarter ended September 30, 2023 amounted to 2.7% and 26%, respectively, compared to 1.7% and 18%, respectively, for the quarter ended September 30, 2022 (all percentages "annualized"). Net interest income increas
The Bancorp, Inc. ("Bancorp") (NASDAQ:TBBK) today announced that it will release its third quarter 2023 financial results after market hours on Thursday, October 26, 2023, and invites investors and other interested parties to listen to its earnings results conference call on Friday, October 27, 2023, at 8:00 a.m. Eastern time. All interested parties can access the live conference call webcast by visiting The Bancorp site at www.thebancorp.com and clicking on the webcast link located on the home page or by dialing 1.888.259.6580, conference code 63043391. For those who are not available to listen to the live broadcast, the replay will be available following the live call via webcast on Ban
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Retired Visa Inc. Executive Set to Join The Bancorp Board of Directors in October The Bancorp, Inc. (NASDAQ:TBBK) and its wholly-owned subsidiary The Bancorp Bank, N.A. (collectively, the "Company" or "The Bancorp") are pleased to announce that Todd Brockman will join the Company's Board of Directors, effective October 1, 2024. The addition of Brockman will support the continued growth of the Company's Fintech Solutions business. Brockman brings over 25 years of experience as a senior executive in the payments and financial technology industry. He served as Senior Vice President, General Manager of Visa DPS, one of the largest issuer processors in the world. In 2021, Brockman was elevat
Matthew Cohn of Philadelphia will head the non-profit's volunteer-led Global Mission Board which focuses on special initiatives in type 1 diabetes research, fundraising, community engagement, and advocacy NEW YORK, July 10, 2024 /PRNewswire/ -- Breakthrough T1D, formerly JDRF, the leading global type 1 diabetes (T1D) research and advocacy organization, today announced the appointment of Matthew Cohn as the new chair of the non-profit's Global Mission Board. Breakthrough T1D's Global Mission Board is a volunteer-led group, appointed by the organization's board of directors, that focuses on special initiatives in type 1 diabetes research, fundraising, community engagement and advocacy. Matthew
The Bancorp, Inc. (NASDAQ:TBBK) and its wholly-owned subsidiary The Bancorp Bank, N.A. (collectively, the "Company") recently announced that Mark Tryniski has joined the Company's Board of Directors. The appointment took effect on May 29, 2024. The addition of Tryniski reflects recent changes in the composition of the Company's board, following the departure of John Eggemeyer. Tryniski brings a wealth of knowledge and experience in finance, accounting, risk management, banking regulations, and corporate governance. In his most recent role, Tryniski served as the President and Chief Executive Officer of Community Bank System, Inc. from 2006 to 2023. From 2003 to 2006, he held the positions
Today, The Bancorp Bank, the wholly-owned banking subsidiary of The Bancorp, Inc. (NASDAQ:TBBK), announced that the Company has hired Timothy Green as Managing Director, Head of Fintech Lending. In this new role within The Bancorp Fintech Solutions division, Green will play an instrumental part in the development and execution of the Bank's fintech lending strategy. "We are pleased to welcome Tim to the Fintech Solutions team. Tim's addition will further position us to capitalize on payments-linked credit opportunities for our existing partners and aid in the development of an informed strategy to help bring new sponsored lending products to the market," said Ryan Harris, Executive Vice Pr
The Bancorp Bank, the wholly-owned banking subsidiary of The Bancorp, Inc. (NASDAQ:TBBK), is pleased to welcome Randall Baugh as its new Managing Director, Chief Compliance Officer. In this role, Baugh will be responsible for overseeing the Bank's Compliance Management System, including the Compliance Risk Management Program within the Bank's core consumer and commercial deposit and lending services, under the leadership of Executive Vice President and Chief Operating Officer, Greg Garry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220419005702/en/Randall Baugh, Managing Director, Chief Compliance Officer (Photo: Business Wire
The Bancorp, Inc. (NASDAQ:TBBK) and its subsidiary, The Bancorp Bank, have announced that Cheryl Creuzot has joined the Company's Board of Directors. The appointment took effect on November 1, 2021. The addition of Creuzot reflects recent changes in the composition of the Company's board, following the retirement of Daniel G. Cohen and the appointment of James J. McEntee III as the successor Chairman of the Board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211202005885/en/Cheryl Creuzot (Photo: Business Wire) Creuzot is President Emeritus of Wealth Development Strategies, LLC and Wealth Development Strategies Investment Advis
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