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The Bancorp, Inc.
NASDAQ: TBBK Financials Bank 🔎 Screen
$3.1B
Market Cap
13.7
P/E
0.48
PEG
ROCE
30.8%
ROE
0.32
D/E
OPM
-17.5%
% from 52W High
50
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for TBBK including FX impact
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📈 Price History
Ratio Health
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About

The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank, National Association that provides banking products and services in the United States.

Key Ratios Snapshot
📈 Growth Pattern
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 16.2K $873K 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED Bancorp Q1 2026 EPS $1.41, ROE 35.1%, guides 2026 EPS $5.90, 2027 EPS $8.10-8.30
Revenue & Profitability
Net income per share was $1.41 in Q1 2026, an 18% year-over-year increase. Net interest income was $55 million. Ending loans stood at $7.75 billion, up 9% linked quarter and 22% year-over-year. Average deposit growth was 9% linked quarter with an average deposit cost of 1.7%. NIM was 3.87%, down 43 basis points from the prior quarter.
Outlook
Management views the fintech partnership space as growing, with robust demand for lending programs and deposit generation. The company expects continued mix shift toward higher-return, lower-cost credit sponsorship business. No specific macro headwinds or tailwinds were discussed beyond interest rate impacts on NIM and variable-rate loans.
Growth Drivers
Key growth drivers include the ramp-up of the Cash App program, expansion of credit sponsorship lending (balances up 50% QoQ to $1.65B), and the launch of at least two significant additional programs in 2026. Embedded finance is developing its first operational use case, with at least one client expected to be announced in 2026.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
NIM was 3.87% in Q1, down 43bp from prior quarter and down 20bp year-over-year, driven by mix shift to credit sponsorship and lagged lower rates. Fintech lending fees add an equivalent 24bp to NIM, and deposit sweep fees add another 4bp. The efficiency ratio stood at 41.5% excluding credit enhancement revenue. Management expects efficiency to improve as revenue scales.
Key Risks
Risks highlighted include partner delays in new program launches (discussed regarding embedded finance and Cash App ramp-up), interest rate sensitivity on variable rate loans, and the volatile nature of off-balance sheet deposit sweep fees. The proposed executive order on banks collecting citizenship info could create operational challenges, though no specific impact was quantified.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-31
Q2 2026 saw EPS rise 14.2% year-over-year and ROE reach 34.7%, driven by strong fintech growth and disciplined capital return. Full-year EPS guidance was raised, with continued focus on buybacks, fintech expansion, and operational efficiency through AI.
Q1 2026 Q1 2026 2026-04-24
Q1 2026 saw 18% EPS growth, 15% revenue growth, and strong fintech-driven loan expansion. Guidance for 2026 EPS is $5.90, with major fintech initiatives and buybacks driving future accretion. Credit metrics and deposit growth remain robust.
Q4 2025 Q4 2025 2026-01-30
Q4 2025 delivered 11% EPS growth and record ROE, with fintech initiatives and credit sponsorship driving strong results. 2026 guidance targets $5.90 EPS, supported by platform efficiency, AI, and continued buybacks. Criticized assets and delinquencies improved significantly.
Q3 2025 Q3 2025 2025-10-31
Q3 2025 saw 13% EPS growth and strong fintech-driven revenue gains, but 2025 EPS guidance was lowered to $5.10 due to higher leasing credit provisions and lower traditional lending. Major fintech initiatives and AI-driven efficiency are expected to drive future EPS growth and capital returns.
Q2 2025 Q2 2025 2025-07-25
Q2 2025 saw 21% EPS growth and strong fintech-driven revenue, with a major new Block partnership set to boost future GDV and fees. Share repurchase was raised to $500M, and Project 7 targets $7 EPS by end-2026. Credit quality remains stable, with risk in the Rebel portfolio managed.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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