Every material Form 8-K The Bancorp has filed with the SEC since October 24, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The Bancorp reported third-quarter 2026 net income of $62.8 million, or $1.53 per diluted share, up from $54.9 million and $1.18 a year earlier. The company kept its 2026 Core EPS guidance at $5.95-$6.05, set a 2027 baseline of $7.00-$7.20, and initiated preliminary 2028 guidance of $8.00-$8.20, with buybacks built into all three years. Net interest margin fell to 3.75% from 4.45%, and book value per share declined to $16.83.
Q3 2026 net income $62.8 million and diluted EPS $1.53, versus $1.18 in Q3 2025; Core EPS was $1.47
The Bancorp announced a September 1, 2026 restructuring that ends new Small Business Lending originations by the end of 2026 and eliminates 64 filled positions, about 9% of the Bank's workforce. The company expects about $5.6 million in charges, mostly in the third and fourth quarters of 2026, and projects over $20 million in annualized run-rate savings combined with its prior Institutional Banking reorganization.
Restructuring eliminates 64 filled positions, about 9% of the Bank's workforce; expected charges of approximately $5.6 million, with $4.5 million recognized in the third quarter of 2026.
New Small Business Lending originations to be discontinued by the end of 2026; existing SBL loans will be managed.
Expected annualized run-rate savings of approximately $14 million from the restructuring and 16 unrelated vacated positions, and over $20 million including the prior Institutional Banking reorganization.
Head of Commercial Lending Jeff Nager is expected to depart October 1, 2026; 38,583 unvested restricted stock units will be forfeited, and severance terms are not yet finalized.
The Bancorp, Inc. reported second quarter 2026 net income of $60.7 million, or $1.45 per diluted share, up from $1.27 a year earlier. The company raised its full-year 2026 EPS guidance to $5.95-$6.05 and maintained its 2027 EPS guidance of $8.10-$8.30. Net interest margin and return on assets declined from a year ago, and fintech loan balances fell sharply from the prior quarter.
Q2 2026 diluted EPS of $1.45 versus $1.27 in Q2 2025, up 14.2%; net income $60.7 million versus $59.8 million
Full-year 2026 EPS guidance raised to $5.95-$6.05, including $1.65-$1.75 in the fourth quarter
2027 EPS guidance maintained at $8.10-$8.30
Ending fintech loans fell to $901.5 million from $1.65 billion at March 31, 2026, which the company attributed to a change in payment processing timing
The Bancorp reported first-quarter 2026 net income of $60.1 million, or $1.41 per diluted share, up from $1.19 a year earlier. Revenue fell, with net interest income at $88.8 million versus $91.7 million and non-interest income at $72.5 million versus $83.6 million, and the company kept its 2026 EPS guidance at $5.90 while setting a 2027 EPS range of $8.10 to $8.30.
Net income of $60.1 million and diluted EPS of $1.41 for 1Q 2026, versus $57.2 million and $1.19 for 1Q 2025.
Net interest income of $88.8 million versus $91.7 million a year earlier; net interest margin of 3.87% versus 4.07%.
Non-interest income of $72.5 million versus $83.6 million in 1Q 2025, with credit enhancement income at $28.8 million versus $45.9 million.
2026 EPS guidance maintained at $5.90; 2027 EPS expected in a range of $8.10 to $8.30; $200 million of share repurchases planned for 2026, or $50 million a quarter.
The Bancorp reported fourth-quarter 2025 net income of $56.3 million, or $1.28 per diluted share, up from $1.15 a year earlier, and initiated 2026 EPS guidance of $5.90. Management said results fell short of its own expectations and prior guidance, citing transaction volume, slower sponsored credit growth, net interest margin compression and a legal settlement cost. The company repurchased $150.0 million of shares in the quarter and has authorized up to $200 million of repurchases for 2026.
Q4 2025 EPS of $1.28 vs. $1.15 in Q4 2024 (up 11%) and $1.18 in Q3 2025; net income $56.3 million vs. $55.9 million a year earlier
Net interest margin 4.30%, down from 4.55% a year earlier; net interest income $92.1 million vs. $94.3 million
2026 EPS guidance of $5.90, at least $1.75 for Q4 2026, and a preliminary 2027 outlook of $8.25
Q4 2025 share repurchases of $150.0 million; $200 million authorized for 2026, or $50 million per quarter
The Bancorp reported third-quarter 2025 net income of $54.9 million, or $1.18 per diluted share, up from $1.04 a year earlier, with share buybacks cutting outstanding shares 8%. The company lowered its 2025 EPS guidance to $5.10 from $5.25, citing lower projected traditional lending balances and higher leasing credit provisions tied to trucking losses, which matters for shareholders expecting the earlier outlook.
Q3 2025 net income of $54.9 million, or $1.18 diluted EPS, versus $51.5 million, or $1.04, in Q3 2024
2025 EPS guidance lowered to $5.10 from $5.25, due to lower projected lending balances and a higher leasing credit provision tied to trucking losses
No specific 2026 guidance; company targets a minimum $7 EPS run-rate by Q4 2026 and gave preliminary 2027 EPS guidance of $8.25
Shares repurchased totaled 2,034,053 at an average $73.74 in Q3; outstanding shares fell to 44.5 million from 48.2 million
The Bancorp, Inc. completed a $200.0 million offering of 7.375% Senior Notes due September 1, 2030, with net proceeds of approximately $197.0 million before transaction expenses. The company plans to use the proceeds to repay $100.0 million of 4.750% notes due 2025, fund its share repurchase program, and for general corporate purposes, which may include supporting its bank subsidiary.
Notes: $200.0 million principal, 7.375% coupon, maturing September 1, 2030, sold at par
Net proceeds approximately $197.0 million after underwriting discount, before estimated transaction expenses
Use of proceeds: repay $100.0 million of 4.750% Senior Notes due 2025, fund share repurchases, and general corporate purposes
Underwriting agreement dated August 14, 2025; Piper Sandler & Co. was representative of the underwriters
Bancorp reported second-quarter 2025 net income of $59.8 million, or $1.27 per diluted share, up from $1.05 a year earlier, with net income up 11% and share count reduced by buybacks. The company kept its 2025 EPS guidance of $5.25 and announced Project 7, targeting at least a $7 EPS run-rate by the fourth quarter of 2026, though net interest margin fell to 4.44% from 4.97% and consumer fintech loan provisions reached $43.2 million.
Net income of $59.8 million, or $1.27 per diluted share, versus $53.7 million, or $1.05, in Q2 2024
2025 EPS guidance of $5.25 maintained; Project 7 targets at least a $7 EPS run-rate by Q4 2026
Net interest margin fell to 4.44% from 4.97%; provision for consumer fintech loans was $43.2 million
Outstanding shares fell 6% to 46.3 million from 49.3 million after repurchasing 753,898 shares at an average $49.75
The Bancorp reported first-quarter 2025 net income of $57.2 million, or $1.19 per diluted share, up from $56.4 million, or $1.06 per diluted share, a year earlier. The company said it reaffirmed its 2025 EPS guidance of $5.25 per share, which excludes the impact of $150 million of authorized stock buybacks in 2025. Share count fell 10% year over year, which helped lift per-share earnings even though net interest income declined 3%.
Q1 2025 net income $57.2 million vs. $56.4 million in Q1 2024; diluted EPS $1.19 vs. $1.06, up 12%
Net interest income fell 3% to $91.7 million; non-interest income rose to $83.6 million from $29.4 million, including $45.9 million of consumer fintech loan credit enhancement
Provision for credit losses on consumer fintech loans was $45.9 million in Q1 2025, versus none a year earlier
2025 EPS guidance of $5.25 confirmed; excludes $150 million of authorized 2025 stock buybacks
The Bancorp, Inc. said its Executive Vice President and Chief Financial Officer, Paul Frenkiel, is retiring, with his retirement agreement signed March 28, 2025. Chief Accounting Officer Martin Egan was appointed interim CFO while the company continues its search for a permanent successor, which it said began last year.
Paul Frenkiel, 72, retires as CFO and Secretary; he will consult for the company through December 31, 2025 for a $250,000 fee paid monthly
Martin Egan, 57, named Interim CFO on March 28, 2025 and continues as Chief Accounting Officer at a $375,000 annual base salary
Frenkiel's 25,561 unvested restricted stock units will vest on the one-year anniversary of his retirement date
The company is continuing its formal search for a successor Chief Financial Officer
The Bancorp, Inc. (TBBK) said it received a Nasdaq notice because it has not yet filed its Form 10-K for the year ended December 31, 2024, which was due March 3, 2025. The notice has no immediate effect on trading, but the stock will be subject to delisting if the company does not regain compliance in time.
The annual report was due March 3, 2025; the company filed a Form 12b-25 late-filing notification on March 4, 2025.
Nasdaq has given the company 60 days from the notice to file the annual report or submit a compliance plan; an accepted plan could allow up to 180 calendar days from the due date.
The 8-K says the notice was received March 21, 2025, while the press release says March 27, 2025.
The company says it is working diligently to file the report and expects to regain compliance, but gives no assurance on timing.
The Bancorp, Inc. said its audit committee concluded on March 4, 2025 that financial statements for fiscal years 2022 through 2024 should no longer be relied upon. Its auditors, Crowe LLP and Grant Thornton LLP, did not provide final approval of their audit opinions for its annual report filed March 3, 2025. The company is working to complete closing procedures on consumer fintech loan accounting and plans to file an amended 10-K.
Annual report on Form 10-K for fiscal 2024 was filed March 3, 2025, without final audit opinions from Crowe LLP and Grant Thornton LLP
Crowe LLP did not approve the audit opinion for fiscal 2024; Grant Thornton LLP did not approve its opinions for fiscal 2023 and 2022
Company is completing closing procedures on accounting for consumer fintech loans in the allowance for credit losses and plans to file a 10-K/A
The company is evaluating the impact on its conclusions about disclosure controls and internal control over financial reporting
The Bancorp reported fourth-quarter 2024 net income of $55.9 million, or $1.15 per diluted share, up from $44.0 million, or $0.81, a year earlier, with EPS up 42%. The company affirmed its 2025 guidance of $5.25 per share, but said planned 2025 buybacks of $150 million are $100 million lower than in 2024 to help repay $96 million of senior secured debt.
Q4 2024 net income of $55.9 million, or $1.15 per diluted share, versus $44.0 million, or $0.81, in Q4 2023
Full-year 2024 EPS growth of 23%, per CEO Damian Kozlowski
2025 guidance of $5.25 per share affirmed; it does not include $150 million of planned 2025 buybacks
Planned buybacks cut $100 million from 2024 to repay $96 million of senior secured debt
The Bancorp's Board appointed Dwayne L. Allen, a technology executive who has served as Senior Vice President and Chief Technology Officer at Unisys since 2021, as a director effective January 1, 2025. The Board size was increased to ten directors at the same time, and Mr. Allen has not yet been named to any committee.
Board appointed Dwayne L. Allen as a director on December 18, 2024, effective January 1, 2025.
Board size increased from prior level to ten (10) directors, effective January 1, 2025.
Mr. Allen previously held roles at Microsoft (2019-2021), Masonite International (2017-2019), and other technology leadership positions.
No committee assignment yet; he will receive standard non-employee director compensation.
Director Daniela A. Mielke resigned from The Bancorp's board effective November 10, 2024, to pursue other business opportunities, and the filing states the resignation was not due to any disagreement with the company. The board reduced its size from ten directors to nine, effective November 12, 2024.
Daniela A. Mielke resigned from the board effective November 10, 2024, citing other business opportunities
Filing states no disagreement with the company, management, or the board led to the resignation
Board size reduced from ten directors to nine, effective November 12, 2024
The Bancorp reported third-quarter 2024 net income of $51.5 million, or $1.04 per diluted share, up from $50.1 million, or $0.92, a year earlier. Net interest income rose 5% to $93.7 million, while the company absorbed about $1.5 million in after-tax charges from a new credit-loss factor, interest reversals, and a transaction processing loss. The company also gave preliminary 2025 EPS guidance of $5.25 and kept its 2024 guidance at $4.35.
Q3 2024 net income $51.5 million vs. $50.1 million in Q3 2023; diluted EPS $1.04 vs. $0.92, an increase of 13%
Net interest income up 5% to $93.7 million; net interest margin 4.78% vs. 5.07% a year earlier
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