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AI brief of an SEC Form 8-K · The Bancorp (TBBK)

Bancorp says 2022-2024 financials should no longer be relied upon after audit opinions missing

Negative Impact 5 of 5 legal/regulatory Written later

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.

Key points

  • 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 filing

CompanyThe Bancorp (TBBK)
Form8-K, current report
Filed with the SECMar 4, 2025, 5:29 PM ET
Accession number0002039852-25-000053

Items reported: 4.02 Non-Reliance on Prior Financials

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 04, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.