Welcome to our dedicated page for Bancorp news (Ticker: TBBK), a resource for investors and traders seeking the latest updates and insights on Bancorp stock.
The Bancorp, Inc. (NASDAQ: TBBK) is a financial holding company headquartered in Wilmington, Delaware, operating through The Bancorp Bank, N.A. News about TBBK often centers on its role in fintech-focused banking, specialty finance and institutional services. As one of the first banks to work closely with the fintech ecosystem, the company frequently announces developments tied to its Fintech Solutions business, payment sponsorships and card programs.
Readers following TBBK news can expect coverage of earnings releases, where The Bancorp reports results for its fintech fees, loan portfolios, capital ratios and deposit trends. These updates highlight activity in prepaid and debit card programs, ACH and other payment processing, consumer fintech loans, small business loans, real estate bridge lending and securities-backed lines of credit.
Company announcements also include strategic initiatives such as rebranding efforts, expansions of partnerships with non-bank financial companies, senior note offerings, share repurchase authorizations and credit rating actions. For example, recent communications describe a refreshed brand emphasizing Fintech Solutions, as well as upgraded credit ratings from a major rating agency and an underwritten offering of senior notes due 2030.
Because The Bancorp operates across Fintech Solutions, Institutional Banking, Commercial Lending, Small Business Lending, Real Estate Bridge Lending and Fleet Management Services, its news flow spans payments, lending, capital markets and regulatory disclosures. Investors and observers who want to monitor how these activities evolve can use this news feed to review official press releases, financial result announcements and other material events related to TBBK.
The Bancorp, Inc. (NASDAQ: TBBK) reported Q4 2021 financial results with a net income of $27.0 million or $0.46 diluted EPS, up from $24.2 million or $0.41 diluted EPS in Q4 2020. The company's return on assets and equity were 1.7% and 17%, respectively. Total loans surged 41% to $3.75 billion. Net interest income slightly increased to $52.2 million, despite a dip in net interest margin to 3.51%. The Bank remains well-capitalized, with book value per share rising 13% to $11.37. The Bancorp reaffirmed its 2022 guidance of $2.15 per share.
The Bancorp, Inc. (TBBK) will announce its fourth quarter and fiscal 2021 financial results after market hours on January 27, 2022. Investors are invited to join the earnings results conference call on January 28, 2022, at 8:00 a.m. ET. The call can be accessed via webcast on The Bancorp's website or by dialing 844.775.2543 (access code 7390458). A replay will be available until February 4, 2022. The Bancorp provides financial solutions through its subsidiaries, serving a diverse range of clients.
The Bancorp, Inc. (NASDAQ: TBBK) announced the appointment of Cheryl Creuzot to its Board of Directors, effective November 1, 2021. This follows the retirement of Daniel G. Cohen and the election of James J. McEntee III as Chairman. Creuzot, President Emeritus of Wealth Development Strategies, has extensive board experience, including roles at Amegy Bank and Unity National Bank. Her leadership is expected to enhance The Bancorp's strategic growth. CEO Damian Kozlowski expressed confidence in her contributions to the company's future.
XTM, Inc. reported a strong performance in Q3 2021, achieving a 117% revenue increase to
XTM, Inc. (QB:XTMIF / CSE:PAID) has announced a partnership with The Bancorp, Inc. (NASDAQ:TBBK) to provide back-end banking services and card issuing sponsorship for its instant employee payout solution tailored to the hospitality and personal care industries in the U.S.
The partnership aims to launch the Today™ Program in Q4, featuring various banking solutions such as Visa debit, ACH, direct deposits, and surcharge-free ATMs. XTM’s CEO Marilyn Schaffer highlighted The Bancorp as a leading choice for innovative banking support.
The Bancorp, Inc. (TBBK) reported a net income of $28.3 million or $0.48 diluted EPS for Q3 2021, reflecting a year-over-year increase from $23.3 million or $0.40 EPS. Return on assets and equity improved to 1.8% and 18%, respectively. Net interest income rose to $50.9 million, while net interest margin was 3.35%. The company projected $2.15 EPS guidance for 2022, indicating a 21% growth from current guidance. The Bancorp also repurchased 440,887 shares at an average cost of $22.68.
The Bancorp has announced plans to expand its office space as the anchor tenant of the new Cherapa Place development in Sioux Falls, South Dakota. The new building will consist of 50,000 square feet across the top three floors, featuring retail and upscale condos. This expansion aligns with the growth of its Fintech Solutions unit and signals a commitment to the Sioux Falls community. The project, set for completion in 2023, aims to attract high-quality talent and enhance employee experience.
The Bancorp, Inc. (TBBK) will announce its third quarter 2021 financial results after market hours on October 28, 2021. A conference call for investors is scheduled for October 29, 2021, at 8:00 a.m. Eastern time. Interested parties can access the live webcast on Bancorp’s website or dial in at 844.775.2543. A replay will be available until November 5, 2021.
Based in Wilmington, Delaware, Bancorp provides banking solutions to non-bank financial companies through its subsidiary, The Bancorp Bank.
The Bancorp (NASDAQ: TBBK) announces its support for the Brotherhood Ride for the seventh consecutive year, starting August 21, 2021. This event honors Florida's first responders who died in the line of duty in 2020 and commemorates the 20th anniversary of 9/11. The ride, covering 1,700 miles from Naples, FL to New York City, showcases the company's commitment to first responders. The Bancorp supports this initiative by providing a truck to transport supplies during the ride, which raises funds for families of fallen heroes.
The Bancorp reported strong financial results for Q2 2021, with net income reaching $29.2 million and $0.50 diluted EPS, compared to $20.1 million and $0.35 a year earlier. The company's return on assets and equity improved to 1.7% and 19%, respectively. Net interest income rose by 8% to $54.1 million, while average loans increased by 16% to $4.58 billion. The Bancorp raised its 2021 EPS guidance to $1.78, anticipating 20% income growth for 2022.
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