STOCK TITAN

Bancorp Inc. (The) - TBBK STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bancorp (The)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bancorp (The)'s position in the market.

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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.8%
Tags
earnings
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
Tags
earnings
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.39%
Tags
earnings
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
Tags
none
-
Rhea-AI Summary
The Bancorp Bank commits to donating $1 million over the next three years to three watershed conservation organizations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.84%
Tags
none
-
Rhea-AI Summary
The Bancorp, Inc. to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
Tags
earnings
Rhea-AI Summary
KBRA affirms debt ratings of The Bancorp, Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
none
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
Tags
earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
none
Bancorp Inc. (The)

Nasdaq:TBBK

TBBK Rankings

TBBK Stock Data

1.78B
50.39M
4.17%
100.47%
7.25%
Commercial Banking
Finance and Insurance
Link
United States
Wilmington

About TBBK

the bancorp, inc. (nasdaq: tbbk) is dedicated to serving the unique needs of non-bank financial service companies, ranging from entrepreneurial start-ups to those on the fortune 500. the company’s subsidiary, the bancorp bank (member fdic, equal housing lender), has been repeatedly recognized in the payments industry as the top issuer of prepaid cards (us), a top merchant sponsor bank and a top ach originator. specialized lending distinctions include national preferred sba lender, a leading provider of securities-backed lines of credit, and one of the few bank-owned commercial vehicle leasing groups in the nation. for more information please visit www.thebancorp.com