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The Bancorp Inc. - TBBK STOCK NEWS

Welcome to our dedicated page for The Bancorp news (Ticker: TBBK), a resource for investors and traders seeking the latest updates and insights on The Bancorp stock.

The Bancorp Inc. (NASDAQ: TBBK) is a distinguished financial holding company dedicated to serving the unique needs of non-bank financial service companies, ranging from entrepreneurial start-ups to Fortune 500 enterprises. Through its subsidiary, The Bancorp Bank (Member FDIC, Equal Housing Lender), the company has garnered repeated recognition in the payments industry as the top issuer of prepaid cards in the U.S., a top merchant sponsor bank, and a leading ACH originator.

The Bancorp's specialized lending services include being a national preferred SBA lender and a notable provider of securities-backed lines of credit. Additionally, it stands out as one of the few bank-owned commercial vehicle leasing groups in the nation. The company’s business operations extend to vehicle fleet and equipment leasing, insurance policy cash value-backed lines of credit, and commercial mortgage-backed loans, which are generated for sale into the commercial mortgage-backed securities markets through securitizations.

Revenue is primarily generated through deposits and non-interest income in the payments business. This includes a comprehensive array of services such as issuing, acquiring, and managing automated clearing house (ACH) accounts. The Bancorp Inc. continues to thrive in delivering innovative financial solutions tailored to meet the evolving demands of its diversified client base. For more information, visit www.thebancorp.com.

Stay updated with the latest developments and performance metrics related to The Bancorp Inc. to make informed investment decisions.

News

The Bancorp, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Updates 2024 Guidance

Rhea-AI Summary
The Bancorp, Inc. reported net income of $44.0 million, or $0.81 per diluted share, for the fourth quarter of 2023. Net interest income increased by 20% to $92.2 million. The company's small business loans and direct lease financing balances also showed positive growth, while the average interest rate on average deposits was 2.51%. The Bancorp emphasized safety and soundness, with well-capitalized ratios and an increase in book value per common share. The CEO confirmed 2024 guidance of $4.25 per share.
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The Bancorp, Inc. Sets Fourth Quarter and Fiscal 2023 Financial Results Release Date and Conference Call

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The Bancorp, Inc. (TBBK) will release its Q4 and fiscal 2023 financial results on January 25, 2024, followed by an earnings results conference call on January 26, 2024, at 8:00 a.m. Eastern time. Investors and interested parties can access the live webcast on The Bancorp's website or via phone. The replay will be available on the website and via phone until February 2, 2024.
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The Bancorp, Inc. Reports Third Quarter 2023 Financial Results

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The Bancorp reports net income of $50.1 million for Q3 2023, a 70% increase YoY. Net interest income increases 37% to $88.9 million. Loans decrease by 1% QoQ. GDV increases by 17% to $32.97 billion. Small business loans grow 13% YoY. The Bancorp initiates 2024 preliminary guidance of $4.25 per share.
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The Bancorp Unveils New Office Space in Downtown Sioux Falls

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The Bancorp Bank, N.A. celebrates the opening of its new office space in downtown Sioux Falls, serving as its headquarters. The bank now stands as the third largest bank in South Dakota. The new office space will serve as a Fintech hub to provide innovative banking solutions. The Bancorp Bank occupies 50,000 square feet and can accommodate up to 250 employees. The bank has expanded by over fifty percent in Sioux Falls and offers a hybrid work environment.
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The Bancorp Pledges $1 Million Donation Toward Watershed Conservation

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The Bancorp Bank commits to donating $1 million over the next three years to three watershed conservation organizations.
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The Bancorp, Inc. Sets Third Quarter 2023 Financial Results Release Date and Conference Call

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The Bancorp, Inc. to release Q3 2023 financial results
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KBRA Releases Surveillance Report for The Bancorp, Inc.

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KBRA affirms debt ratings of The Bancorp, Inc.
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The Bancorp, Inc. Reports Second Quarter 2023 Financial Results

Rhea-AI Summary
The Bancorp, Inc. reported a 68% increase in net income per diluted share for the second quarter of 2023 compared to the same period in 2022. The company's net interest income increased by 60%, and gross dollar volume grew by 15% year over year. The Bancorp also emphasized strong capital ratios and an increase in book value per common share.
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The Bancorp, Inc. Sets Second Quarter 2023 Financial Results Release Date and Conference Call

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Broadridge Secures Patent for Machine Learning Tech Enhancing Securities Based Lending

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FAQ

What is the current stock price of The Bancorp (TBBK)?

The current stock price of The Bancorp (TBBK) is $53.31 as of December 20, 2024.

What is the market cap of The Bancorp (TBBK)?

The market cap of The Bancorp (TBBK) is approximately 2.6B.

What does The Bancorp Inc. specialize in?

The Bancorp Inc. specializes in serving non-bank financial service companies with products like prepaid cards, SBA lending, securities-backed lines of credit, and commercial vehicle leasing.

What are some of the key services offered by The Bancorp Bank?

The Bancorp Bank offers services such as prepaid card issuance, merchant sponsorship, ACH origination, SBA lending, securities-backed lines of credit, and commercial vehicle leasing.

How does The Bancorp generate its revenue?

The Bancorp generates revenue primarily through deposits and non-interest income in the payments business, including issuing, acquiring, and managing ACH accounts.

What industries does The Bancorp serve?

The Bancorp serves a range of industries including entrepreneurial start-ups, non-bank financial service companies, and Fortune 500 enterprises.

Is The Bancorp Bank a member of FDIC?

Yes, The Bancorp Bank is a member of the FDIC and is an Equal Housing Lender.

What are securities-backed lines of credit?

Securities-backed lines of credit are loans that are secured by securities owned by the borrower, providing liquidity while retaining investment positions.

What type of recognition has The Bancorp received?

The Bancorp has been repeatedly recognized as the top issuer of prepaid cards in the U.S., a top merchant sponsor bank, and a leading ACH originator.

What makes The Bancorp's vehicle leasing program unique?

The Bancorp's vehicle leasing program is unique as it is one of the few bank-owned commercial vehicle leasing groups in the nation.

Where can I find more information about The Bancorp Inc.?

More information about The Bancorp Inc. can be found on their official website at www.thebancorp.com.

How can I stay updated with the latest news on The Bancorp Inc.?

You can stay updated with the latest news on The Bancorp Inc. by visiting financial news websites like StockTitan or the company's official website.

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The Bancorp Inc.

Nasdaq:TBBK

TBBK Rankings

#1776 Ranked by Market Cap
N/A Ranked by Dividends

TBBK Stock Data

2.56B
43.84M
3.96%
108.16%
13.81%
Banks - Regional
National Commercial Banks
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United States of America
WILMINGTON