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The Bancorp Inc   (TBBK)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $44.5500 $0.69 1.573%
Day's High: $44.72 Week Perf: 2.23 %
Day's Low: $ 43.31 30 Day Perf: 10.03 %
Volume (M): 350 52 Wk High: $ 47.11
Volume (M$): $ 15,570 52 Wk Avg: $35.49
Open: $43.60 52 Wk Low: $25.13



 Market Capitalization (Millions $) 2,428
 Shares Outstanding (Millions) 55
 Employees 762
 Revenues (TTM) (Millions $) 443
 Net Income (TTM) (Millions $) 189
 Cash Flow (TTM) (Millions $) 181
 Capital Exp. (TTM) (Millions $) 13

The Bancorp Inc

We are a Delaware financial holding company and our primary subsidiary, wholly owned, is The Bancorp Bank, which we refer to as the Bank. The vast majority of our revenue and income is currently generated through the Bank. In our continuing operations, we have four primary lines of specialty lending: securities backed lines of credit, or SBLOC, automobile fleet and other equipment leasing, Small Business Administration, or SBA, loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities, or CMBS and collateralized loan obligations, or CLOs. SBLOCs are loans which are generated through institutional banking affinity groups and are collateralized by marketable securities. SBLOCs are typically offered in conjunction with brokerage accounts and are offered nationally. Automobile fleet and other equipment leases are generated in a number of Atlantic Coast and other states.

For our institutional banking, including SBLOC and our other deposit generating activities, we focus on providing our services to organizations with a pre-existing customer base who can use one or more selected banking services tailored to support or complement the services provided by these organizations to their customers. These services include private label banking for investment advisory companies through our institutional banking department; credit and debit card processing for merchants affiliated with independent service organizations; and prepaid cards for general purpose card sponsors, insurers, incentive plans, large retail chains, consumer service organizations and others. We typically provide these services under the name and through the facilities of each organization with whom we develop a relationship. We refer to this, generally, as affinity group banking. Our prepaid card, private label banking for investment advisory companies and card payment processing are our primary sources of deposits. The vast majority of our services are provided in the United States although we have limited prepaid card operations in Europe.

Fund our Loan and Investment Portfolio Growth through Low-cost Deposits and Generate Noninterest Income from Prepaid Cards and Other Areas. Our principal focus is to grow our specialty lending operations and investment portfolio, and fund the loans and investments through a variety of sources that provide low cost and stable deposits. Funding sources include prepaid cards, institutional banking money market accounts and card payment processing. The largest component of our deposits is prepaid cards and the largest component of our noninterest income is derived from prepaid cards.

Develop Relationships with Affinity Groups to Gain Sponsored Access to their Membership, Client or Customer Bases to Market our Services. We seek to develop relationships with organizations with established membership, client or customer bases. Through these affinity group relationships, we gain access to an organization’s members, clients and customers under the organization’s sponsorship. We believe that by marketing targeted products and services to these constituencies through their pre-existing relationships with the organizations, we will continue to generate lower cost deposits, generate fee income and, with respect to private label banking, lower our customer acquisition costs and build close customer relationships.

Use Our Existing Infrastructure as a Platform for Growth. We have made significant investments in our banking infrastructure to support our growth. We believe that this infrastructure can accommodate significant additional growth without proportionate increases in expense. We believe that this infrastructure enables us to maximize efficiencies through economies of scale as we grow without adversely affecting our relationships with our customers.

We offer a range of products and services to our affinity groups and their client bases, including:

checking accounts;
savings accounts;
money market accounts;
commercial accounts; and
various types of prepaid and payroll cards.

Private Label Banking. For our private label banking, we create unique banking websites for each affinity group, enabling the affinity group to provide its members with the banking services and products we offer or just those banking services and products it believes will be of interest to its members. We design each website to carry the brand of the affinity group and carry the “look and feel” of the affinity group’s own website. Each such website, however, indicates that we are the provider of banking services. To facilitate the creation of these individualized banking websites, we have packaged our products and services into a series of modules, with each module providing a specific service, such as deposit products, electronic payment systems and loans. Each affinity group selects from our menu of service modules those that it wants to offer its members or customers. We and the affinity group also may create products and services, or modify products and services already on our menu, that specifically relate to the needs and interests of the affinity group’s members or customers. We pay fees to certain affinity groups based upon deposits and loans they generate. These fees vary, and certain fees increase as market interest rates increase, while other fee rates are fixed. We include these fees as a component of interest expense in calculating our net interest margin.



   Company Address: 409 Silverside Road Wilmington 19809 DE
   Company Phone Number: 385-5000   Stock Exchange / Ticker: NASDAQ TBBK
   TBBK is expected to report next financial results on February 29, 2024.


Customers Net Income fell by TBBK's Customers Net Profit Margin fell to

-5.8 %

17.2 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        1.69% 
C        0.65% 
COF        1.33% 
JPM        1.4% 
USB        1.35% 
WFC        4.08% 
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The Bancorp Inc

Stellar Surge: The Bancorp Inc Witnesses Astonishing 70.37% Surge in Income Throughout Q3 2023



The Bancorp Inc, a financial services company, recently released its financial results for the third quarter of 2023. The company reported significant growth in both income per share and revenue, indicating a strong performance during the period. Additionally, the company highlighted improving profit margins and a rise in accounts receivable, suggesting rising demand. However, despite these positive results, the company's stock experienced a decline in the past five trading days.
Financial Performance:
In the third quarter of 2023, The Bancorp Inc recorded an income per share of $0.92, representing a notable 70.37% increase compared to the same period last year. This growth can be largely attributed to the company's growing revenue, which surged by 30.536% to $113.91 million in Q3 2023. Comparatively, the company generated revenue of $116.17 million and $0.89 per share in the previous reporting period.

The Bancorp Inc

The Bancorp Inc Achieves Impressive 67.92% EPS Surge, Outperforming Peers in Commercial Banks Sector in Q2 2023

Financial News Report: The Bancorp Inc Reports Impressive Second Quarter Results and Share Price Gains
The Bancorp Inc recently released its financial report for the second quarter of 2023, demonstrating strong growth and improved profit margins. The company's bottom-line saw a significant jump of 67.92%, with earnings per share increasing to $0.89, compared to $0.88 per share in the same quarter the previous year. This remarkable growth can be attributed to a growing revenue of 38.344%, reaching $116.17 million for the quarter.
In comparison to its industry peers, The Bancorp Inc outperformed significantly in terms of revenue growth. While the two third companies in the Commercial Banks sector saw an average revenue advance of just 12.66% from the second quarter of 2022, The Bancorp Inc achieved a staggering 38.344% growth. This highlights the company's strong position within the industry and its ability to generate higher revenue.






 

The Bancorp Inc's Segments
 
 
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