Bancorp Stock Price, News & Analysis

The Bancorp will join the S&P SmallCap 600 Index on May 7, 2021, reflecting its strong financial performance and market capitalization. CEO Damian Kozlowski emphasized the company's commitment to community value and enhancing its fintech ecosystem.

The Bancorp specializes in catering to non-bank financial service companies, from startups to Fortune 500 firms, and is recognized in the prepaid card, ACH, and specialized lending sectors.

The Bancorp, Inc. (NASDAQ: TBBK) reported strong Q1 2021 results with net income of $26.1 million and diluted earnings per share of $0.44. Key metrics included a return on assets of 1.6% and return on equity of 18%. Net interest income rose 25% to $53.8 million, driven by a 37% increase in average loans and leases totaling $4.48 billion. The company anticipates meeting its $100 million net income target for 2021, driven by positive market trends and a focus on enhancing its payments ecosystem.

The Bancorp, Inc. (NASDAQ: TBBK) is set to release its first quarter 2021 financial results after market hours on April 29, 2021. Investors can participate in the earnings results conference call scheduled for April 30, 2021, at 8:00 a.m. Eastern Time. The conference call can be accessed via the company's website or by phone. The Bancorp caters to non-bank financial service companies and is recognized for its achievements in prepaid card issuance and specialized lending.

The Bancorp, Inc. (NASDAQ: TBBK) reported robust financial results for Q4 2020, achieving a net income of $24.0 million, or $0.41 diluted EPS. Key metrics include an annualized return on assets of 1.6% and a return on equity of 17%. The bank's net interest income surged 47% to $51.7 million, supported by a 72% rise in average loans to $4.34 billion. Notably, prepaid card fees increased by 5%, while the book value per share climbed to $10.10, a 19% increase year-over-year. The 2021 guidance targets a net income of approximately $100 million, or $1.70 per share.

The Bancorp, Inc. (Nasdaq: TBBK) is set to release its fourth quarter and fiscal 2020 financial results after market hours on January 28, 2021. An earnings conference call will be held on January 29, 2021, at 8:00 a.m. Eastern time, accessible via their website or by telephone. Bancorp focuses on non-bank financial services, offering specialized lending and payment solutions, including being a top issuer of prepaid cards and a National Preferred SBA Lender.

The Bancorp, Inc. (NASDAQ: TBBK) announced that the Federal Deposit Insurance Corporation (FDIC) has terminated the Consent Order against The Bancorp Bank. This marks the conclusion of all regulatory actions related to consumer compliance and third-party risk management. President and CEO Damian Kozlowski expressed gratitude for the FDIC's support, stating that the bank has enhanced its compliance and risk management infrastructure. The Bancorp aims to lead in the payments ecosystem and expand financial access through innovation.

The Bancorp, Inc. (NASDAQ: TBBK) announced a new stock repurchase program, authorizing up to $10 million in share buybacks per fiscal quarter in 2021, totaling a maximum of $40 million by December 31, 2021. Repurchases will occur through various methods, including open market and negotiated transactions, in compliance with federal securities laws. The timing and amount of shares repurchased will depend on market conditions. Details will be reported in periodic filings with the SEC.