Latest news with #TheBancorp
Business Wire
6 days ago
- Business
- Business Wire
The Bancorp, Inc. and The Bancorp Bank, N.A. Receive Upgraded Ratings from KBRA
WILMINGTON, Del.--(BUSINESS WIRE)--The Bancorp, Inc. (NASDAQ: TBBK) today announced that Kroll Bond Rating Agency, LLC ('KBRA') has upgraded multiple long- and short-term credit ratings for both The Bancorp, Inc. (the 'Company') and its wholly owned subsidiary, The Bancorp Bank, N.A. (the 'Bank') (collectively 'The Bancorp'). 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 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 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.
Yahoo
7 days ago
- Business
- Yahoo
Rocket Companies, The Bancorp, Dime Community Bancshares, Mr. Cooper Group, and Columbia Financial Shares Skyrocket, What You Need To Know
What Happened? A number of stocks jumped in the morning session after markets rebounded following a sharp sell-off in the previous trading session as investor optimism grew around a potential Federal Reserve interest rate cut following a weak U.S. jobs report. The softer-than-expected employment data for July fueled bets that the Fed could lower rates as soon as September to support the economy. This sentiment was reflected in the bond market, where the 10-year Treasury yield fell to a three-month low. Adding to the positive momentum, the Federal Deposit Insurance Corporation (FDIC) indicated it may support raising regulatory thresholds for banks, a move that could reduce compliance costs and further boost profitability for financial institutions. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Thrifts & Mortgage Finance company Rocket Companies (NYSE:RKT) jumped 3.4%. Is now the time to buy Rocket Companies? Access our full analysis report here, it's free. Regional Banks company The Bancorp (NASDAQ:TBBK) jumped 6%. Is now the time to buy The Bancorp? Access our full analysis report here, it's free. Regional Banks company Dime Community Bancshares (NASDAQ:DCOM) jumped 3.8%. Is now the time to buy Dime Community Bancshares? Access our full analysis report here, it's free. Thrifts & Mortgage Finance company Mr. Cooper Group (NASDAQ:COOP) jumped 3%. Is now the time to buy Mr. Cooper Group? Access our full analysis report here, it's free. Thrifts & Mortgage Finance company Columbia Financial (NASDAQ:CLBK) jumped 3.3%. Is now the time to buy Columbia Financial? Access our full analysis report here, it's free. Zooming In On The Bancorp (TBBK) The Bancorp's shares are quite volatile and have had 19 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 previous big move we wrote about was 3 days ago when the stock dropped 3.4% on the news that a surprisingly weak July jobs report and the announcement of sweeping new tariffs fueled fears of an economic slowdown and an impending interest rate cut. The U.S. economy added just 73,000 jobs in July, the weakest gain in over two years, while the unemployment rate rose to 4.2%. This dismal data significantly increased market expectations for a Federal Reserve interest rate cut, with traders now pricing in an 80% probability of a cut in September. Lower interest rates typically harm bank profitability by compressing their net interest margins—the difference between what they earn on loans and pay on deposits. Compounding these worries, the announcement of new tariffs on imports from 92 countries has sparked fears of a global trade war, which could further dampen economic growth and disrupt supply chains, creating a challenging environment for the banking industry. The Bancorp is up 23.9% since the beginning of the year, and at $64.10 per share, it is trading close to its 52-week high of $69.62 from July 2025. Investors who bought $1,000 worth of The Bancorp's shares 5 years ago would now be looking at an investment worth $6,954. 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. 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
29-07-2025
- Business
- Yahoo
The Bancorp maintains FY25 EPS guidance of $5.25, consensus $5.34
'The Bancorp (TBBK) had another quarter of Fintech growth and momentum,' said Damian Kozlowski, CEO of The Bancorp, on July 24 in conjunction with Q2 results. 'We continue to have significant relationship and product expansion that we believe will drive future growth. We are continuing to maintain our guidance of $5.25 earnings per share for 2025. We are also announcing Project 7. We are targeting at least a $7 earnings per share run-rate by the fourth quarter of 2026. We plan to accomplish this goal through Fintech revenue growth, buybacks of shares, and efficiency and productivity gains by reallocating or reducing resources where appropriate.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on TBBK: Disclaimer & DisclosureReport an Issue The Bancorp, Inc. Reports Strong Q2 2025 Earnings Bancorp Reports Strong Q2 2025 Financial Performance The Bancorp reports Q2 EPS $1.27, consensus $1.27 The Bancorp maintains FY25 EPS guidance of $5.25, consensus $5.25 TBBK Earnings Report this Week: Is It a Buy, Ahead of Earnings? 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
23-07-2025
- Business
- Yahoo
The Bancorp (TBBK) To Report Earnings Tomorrow: Here Is What To Expect
Financial services company The Bancorp (NASDAQ:TBBK) will be announcing earnings results this Thursday after market close. Here's what you need to know. The Bancorp beat analysts' revenue expectations by 21.8% last quarter, reporting revenues of $175.4 million, up 41.7% year on year. It was a slower quarter for the company, with a significant miss of analysts' net interest income estimates and a miss of analysts' EPS estimates. Is The Bancorp a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting The Bancorp's revenue to grow 55.3% year on year to $193.3 million, improving from the 6.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.28 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. The Bancorp has missed Wall Street's revenue estimates four times over the last two years. Looking at The Bancorp's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. City Holding delivered year-on-year revenue growth of 6.3%, beating analysts' expectations by 3%, and Texas Capital Bank reported revenues up 15.2%, topping estimates by 2.7%. Texas Capital Bank traded up 4.8% following the results. Read our full analysis of City Holding's results here and Texas Capital Bank's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 8.2% on average over the last month. The Bancorp is up 28.3% during the same time and is heading into earnings with an average analyst price target of $61 (compared to the current share price of $68.71). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. 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
Globe and Mail
11-07-2025
- Business
- Globe and Mail
The Bancorp, Inc. Sets Second Quarter 2025 Financial Results Release Date and Conference Call
The Bancorp, Inc. ('Bancorp') (Nasdaq: TBBK) today announced that it will release its second quarter 2025 financial results after market hours on Thursday, July 24, 2025, and invites investors and other interested parties to listen to its earnings results conference call on Friday, July 25, 2025, at 8:00 a.m. Eastern time. All interested parties can access the live conference call webcast by visiting The Bancorp site at and clicking on the webcast link located on the home page or by dialing 1.800.549.8228 (conference ID 45285). For those who are not available to listen to the live broadcast, the replay will be available following the live call via webcast on Bancorp's website and telephonically until Friday, August 1, 2025 by dialing 1.888.660.6264, playback code 45285#. 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
