The Bancorp, Inc. and The Bancorp Bank, N.A. Receive Upgraded Ratings from KBRA
For the Company, KBRA upgraded the senior unsecured debt rating to BBB+ from BBB, the subordinated debt rating to BBB from BBB-, and the short-term debt rating to K2 from K3. In addition, KBRA upgraded the Bank's deposit and senior unsecured debt ratings to A- from BBB+, and the subordinated debt rating to BBB+ from BBB. The Bank's short-term deposit and debt ratings of K2 were affirmed. In conjunction with the upgraded ratings, KBRA revised its outlook for all long-term ratings to Stable from Positive.
Key Highlights from KBRA's Rating Announcement:
Industry Leader in the BaaS Industry: The upgrades are supported by The Bancorp's long-standing position as a leader in the banking as a service industry, particularly in the prepaid and debit card space, where the Bank ranks as the largest issuer of prepaid cards by transaction volume;
Non-interest Income Growth: The Bancorp has been able to generate above-peer fee revenues, including a 30% year-over-year increase in non-interest income in the first half of 2025, reaching fee revenues of $78 million, or 1.7% of average assets.
Above-Peer Capital Levels: The Bancorp has maintained capital levels that exceed its peers, including a Common Equity Tier 1 (CET1) ratio of 14.4% as of the second quarter in 2025.
The full KBRA rating report and press release are available at www.kbra.com. KBRA's credit ratings and analysis represent the agency's independent opinions and should not be considered statements of fact or investment recommendations by KBRA or the Company.
About The Bancorp
The Bancorp, Inc. (NASDAQ: TBBK), through its subsidiary, The Bancorp Bank, N.A., provides non-bank financial companies with the people, processes, and technology to meet their unique banking needs. With over 20 years of experience, The Bancorp delivers partner-focused solutions paired with cutting-edge technology for companies that range from entrepreneurial startups to Fortune 500 companies. Through its Fintech Solutions, Institutional Banking, Commercial Lending, and Real Estate Bridge Lending businesses, The Bancorp is the third-largest bank by asset size in South Dakota, earning recognition as the #1 issuer of prepaid cards in the U.S., a nationwide provider of bridge financing for real estate capital improvement plans, an SBA National Preferred Lender, a leading provider of securities-backed lines of credit, and one of the few bank-owned commercial vehicle leasing groups in the country. With a company-wide commitment to excellence, The Bancorp is recognized as the top-ranked publicly traded bank with assets between $5B-$50B by Bank Director Magazine, a Readers' Choice Top 50 Employer by Equal Opportunity Magazine and was selected to be included in the S&P Small Cap 600. For more about The Bancorp, visit https://thebancorp.com/.
Forward-Looking Statements
Statements in this press release that are not historical facts are 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements provide management's current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Sentences containing words such as 'believe,' 'intend,' 'plan,' 'may,' 'expect,' 'should,' 'could,' 'anticipate,' 'estimate,' 'predict,' 'project,' or their negatives, or other similar expressions of a future or forward-looking nature generally should be considered forward-looking statements. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control. The Company undertakes no obligation to review or update any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
25 Stocks to Avoid in August, Historically
Dollar Tree Inc (NASDAQ:DLTR) stock nabbed a record high of $116.51 yesterday after an overdue price-target hike from Bernstein to $109 from $86. However, despite a 54.5% year-to-date gain, the discount retailer is entering a period of historical bearishness. DLTR is one of the worst stocks to own in August, per Schaeffer's Senior Quantitative Analyst Rocky White. Per the table above that goes back 10 years, the equity averages a monthly loss of 8.2%, finishing the month lower 80% of the time over the past 10 years. This makes it the worst performer on the list, which also happens to feature sector peer Dollar General (DG). A comparable move would continue the recent consolidation pattern the shares have formed in the last few weeks. Other factors working against DLTR is the stock's 14-Day Relative Strength Index (RSI), firmly in "overbought" territory at 72. Also note the ascending trendline in the chart below, an area that has alternated between support and resistance since those April bottoms. With earnings not until September 10, options are an intriguing route. The equity's Schaeffer's Volatility Index (VIX) of 27% sits in the bottom percentile of its annual range, meaning options traders are pricing in low volatility expectations. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 minutes ago
- Yahoo
Labor department's data upset may have sealed the deal for a Fed interest rate cut
As markets open this week, investors feel more confident about an incoming cut to the base rate—but that's about as far as their courage goes. July payroll growth came in far below forecasts, and May–June figures were revised down significantly, signaling deeper job market weakness. As a result, investors now see an 87% chance of a September cut. The resignation of FOMC member Adriana Kugler also opens the door for a more dovish Fed shift. Until Friday, analysts had little confidence that the U.S. Federal Reserve was about to deliver an interest rate cut, but last week's revisions to labor market data have led many to bet in favor of Jerome Powell cutting at the Fed's next meeting in September. On Friday the Labor Department reported payrolls grew by just 73,000 last month, well below forecasts for about 100,000. It also revised down estimates for May and June, by a cut of 258,000. With the average gain over the past three months now averaging only 35,000, the health of the labor market is in considerably worse shape than previously believed. Full employment is half of the Fed's dual mandate, so many now expect action (in the form of cheaper money) to spur economic activity to ensure jobs do not take any further hit. Analysts now expect the revisions to at last deliver the cut the Oval Office has been pushing for. A furious President Trump dismissed Erika McEntarfer, the commissioner of the Bureau of Labor Statistics (BLS), for the revisions to the employment numbers. As markets open today, investors are still digesting the ramifications of the data that suggests tariffs are biting harder than previously hoped. On top of that, speculators will also be bracing for further volatility as Trump's latest tariff deadline—Aug. 7—creeps closer. On top of that, analysts will also be working through the implications of the resignation of Adriana Kugler, one of the voting members of the Federal Open Market Committee (FOMC). This presents an opportunity for the president to appoint a member more open to his agenda of a lower base rate, further bolstering the hopes of analysts looking for a path toward interest normalization. Before markets open in New York this week, the S&P 500 was down 1.6% at Friday's close, and the Nasdaq down 2.24%. In Europe, London's FTSE 100 is up a mild 0.3% and Germany's DAX up 1.1%. S&P futures were up 0.65% this morning, suggesting that some investors are buying the dip. Over in Asia—where analysts have been given little hope for an imminent deal with China or India—Japan's Nikkei 225 was down 1.25% while India's Nifty 50 is up a respectable 0.65%. Looking ahead, analysts are piling in on the belief that Powell will cut at the FOMC's next meeting in September, and may even drop a hint about a change of course this month during the Jackson Hole Symposium. Volumes in the CME's 30 Day Federal Funds futures and options tripled between July 31 and Aug. 1 (the day the labor data was altered), up from 536,563 on Thursday to nearly 1.6 million a day later. The price currently equates for a base rate in the region of 3.75%—representing a cut of two measures from the Fed. Cut likelihood A surprise downgrade to the economic outlook isn't the scenario in which investors had hoped for a cut: Many had hoped stable enough inflation would have given the FOMC confidence to lower and support economic activity, as opposed to a forced reduction demanded by negative headwinds. But as Deutsche Bank's Jim Reid noted to clients this morning, the broader picture also suggests cuts: 'The resignation of Fed Governor Kugler on Friday has created an opportunity for President Trump to appoint a new board member. This individual could potentially be groomed as a successor to Chair Powell or, at the very least, represent another dovish voter. While last week's FOMC vote was 9-2 against a rate cut, it's worth noting that the two dissenters—[Christopher] Waller and [Michelle] Bowman—were both appointed during Trump's first term.' Reid continued, 'The significant revisions in Friday's payroll release have also increased the likelihood that other members may reconsider their hawkish positions. The probability of a rate cut in September surged to 87% on Friday, up from around 40% before the payroll data was released, and market pricing for cuts by year-end rose from 18 basis points to 41bps.' Indeed, Macquarie wrote Friday it had pulled forward its timeline for a cut as a direct result of the July employment report. David Doyle, Macquarie's head of economics, wrote: 'While we don't see significant further weakness in the labor market, the results of this report are likely to shift the FOMC's assessment of the balance of risks to the outlook. While a September cut has become more likely, it is not a certainty. The eventual decision will hinge on incoming inflation and labor market developments.' Even before the disastrous jobs rate announcement, Chairman Powell had warned about the Fed's need to balance inflation as close to 2% as possible, without squeezing employment from a monetary policy stance that was too tight. In his post-meeting press conference only a week ago, Powell said: 'We are attentive to risks on the employment side of our mandate. In coming months, we will receive a good amount of data that will help inform our assessment of the balance of risks and the appropriate setting of the federal funds rate.' Powell mentioned possible 'downside risks' to the job market no fewer than six times. But Bernard Yaros, lead U.S. economist at Oxford Economics, countered in a note this weekend: 'This week's events, namely the July jobs report, were the biggest challenge to our long-standing forecast assumption around monetary policy, but we're not yet ditching our call for a resumption of rate cuts to occur in December. 'Joblessness ticked higher, but reading the tea leaves from labor force flows and initial claims, there's little reason to expect a sharp increase in the unemployment rate over the next months.' Here's a snapshot of the action prior to the opening bell in New York: S&P 500 futures are up 0.7% premarket. STOXX Europe 600 was up 0.7% in early trading. The U.K.'s FTSE 100 was up 0.3 in early trading. Japan's Nikkei 225 was down 1.25%. China's CSI 300 was up 0.4%. India's Nifty 50 was up 0.65%. Bitcoin is relatively flat at $114,551. This story was originally featured on
Yahoo
18 minutes ago
- Yahoo
Why Medifast (MED) Stock Is Up Today
What Happened? Shares of wellness company Medifast (NYSE:MED) jumped 4.1% in the morning session after the company reported second-quarter financial results that surpassed analyst expectations. The company's revenue of $105.6 million and earnings per share of $0.22 both came in ahead of Wall Street's forecasts. This performance marked a significant turnaround in profitability, as the company posted a net income of $2.5 million compared to a net loss of $8.2 million in the same quarter of the previous year. These results arrived despite a 37.4% year-over-year drop in revenue, driven by a 32.7% decrease in active coaches. Investors appeared to overlook weak guidance for the upcoming quarter, focusing instead on the earnings beat and a strong balance sheet that reported $162.7 million in cash with no debt. After the initial pop the shares cooled down to $13.35, down 0.9% from previous close. Is now the time to buy Medifast? Access our full analysis report here, it's free. What Is The Market Telling Us Medifast's shares are quite volatile and have had 17 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was about 2 months ago when the stock gained 5% on the news that the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining Israel's ongoing strikes. This development triggered a significant decline in oil prices, easing inflation concerns. Also, it is possible some investors were buying the dip following the sell-off at the end of the previous week. Medifast is down 22.8% since the beginning of the year, and at $13.35 per share, it is trading 38.7% below its 52-week high of $21.76 from December 2024. Investors who bought $1,000 worth of Medifast's shares 5 years ago would now be looking at an investment worth $73.05. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Sign in to access your portfolio
