Tearsheet

Bancorp (TBBK)

Market Price (4/11/2026): $58.54 | Market Cap: $2.5 Bil
Sector: Financials | Industry: Regional Banks

Bancorp (TBBK)

Market Price (4/11/2026): $58.54
Market Cap: $2.5 Bil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.0%, FCF Yield is 10%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 32%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27%

Low stock price volatility
Vol 12M is 47%

Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 15%

Uninsured deposits are low
Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 4.9%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Digital Payments, Online Banking & Lending, Show more.

Short seller report
Culper Research report on 11/28/2024.

Key risks
TBBK key risks include [1] a securities class action lawsuit alleging misleading financial statements, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.0%, FCF Yield is 10%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 32%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36%
3	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27%
4	Low stock price volatility Vol 12M is 47%
5	Capital ratio is >2x the minimum of 6% Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 15%
6	Uninsured deposits are low Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 4.9%
7	Megatrend and thematic drivers Megatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Digital Payments, Online Banking & Lending, Show more.
8	Short seller report Culper Research report on 11/28/2024.
9	Key risks TBBK key risks include [1] a securities class action lawsuit alleging misleading financial statements, Show more.

Valuation, Metrics & Events

	4/11/26	2025	2024	2023	2022
Share Price CYE	$58.54	$52.84	$33.46	$27.85	$28.33
Market Cap CYE ($ Bil)	2.5	2.5	1.8	1.5	1.6
Total Debt ($ Bil)	0.2	0.1	0.1	0.1	0.2
Total Cash ($ Bil)	0.1	1.0	1.3	0.8	0.7
Enterprise Value ($ Bil)	2.7	2.6	1.9	1.6	1.8
Valuation Ratios
P/S TTM	3.6	4.3	3.8	4.0	5.1
P/EBIT TTM	-	-	-	-	-
P/E TTM	11.1	11.4	8.8	10.3	14.2
P/FCF TTM	9.9	9.6	8.5	11.3	20.2
Sector Ratios
P/S TTM (Sector)	3.2	2.9	2.7	2.4	3.3
P/EBIT TTM (Sector)	6.6	8.1	7.4	7.5	7.0
P/E TTM (Sector)	11.4	11.2	9.8	8.3	9.9
P/FCF TTM (Sector)	8.8	8.4	7.7	6.0	7.6

	4/11/26	2025	2024
Share Price CYE	$58.54	$52.84	$33.46
Market Cap CYE ($ Bil)	2.5	2.5	1.8
Total Debt ($ Bil)	0.2	0.1	0.1
Total Cash ($ Bil)	0.1	1.0	1.3
Enterprise Value ($ Bil)	2.7	2.6	1.9
Valuation Ratios
P/S TTM	3.6	4.3	3.8
P/EBIT TTM	-	-	-
P/E TTM	11.1	11.4	8.8
P/FCF TTM	9.9	9.6	8.5
Sector Ratios
P/S TTM (Sector)	3.2	2.9	2.7
P/EBIT TTM (Sector)	6.6	8.1	7.4
P/E TTM (Sector)	11.4	11.2	9.8
P/FCF TTM (Sector)	8.8	8.4	7.7

	TBBK	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	0.7
Rev Chg Q	7.5%	7.5%
Rev Chg LTM	31.6%	6.8%
Rev Chg 3Y Avg	26.3%	5.7%
PROFITABILITY	VERY GOOD
Op Inc LTM ($ Bil)	�
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	0.2
CFO/Rev LTM	37.7%	20.6%
Net Inc Mgn	32.4%	12.8%
VALUATION	LOW
P/S	3.6	3.2
P/CFO	9.6	15.4
P/FCF	9.9	19.8
P/E	11.1	24.1

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Metric	Value	Date	Source
Gross Dollar Volume (	$44.04 billion	9302025	Link
Specialized lending portfolio total	$6.7 billion	9302025	Link

Upcoming
4/23/2026	Earnings Release	Rev: $189 Mil (E) EPS: $1.35 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Bancorp (TBBK) stock has lost about 15% since 12/31/2025 because of the following key factors:

1. Q4 2025 Earnings Per Share Miss.

The Bancorp reported its fourth-quarter 2025 earnings on January 30, 2026, posting earnings per share (EPS) of $1.28. This figure significantly missed analysts' consensus expectations of $1.46 by 12.33% (or $0.18 per share). This earnings miss was followed by a notable -15.72% movement in the stock price on January 29, 2026.

2. Expected Net Interest Margin (NIM) Compression.

Despite strong growth in fintech fees, the company's management indicated an anticipated compression of the Net Interest Margin (NIM) towards approximately 4%. This expected compression is attributed to a strategic shift in the business mix towards higher fee income from fintech solutions, which could imply a reduction in profitability from traditional interest-earning activities.

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Stock Movement Drivers

Fundamental Drivers

The -13.3% change in TBBK stock from 12/31/2025 to 4/10/2026 was primarily driven by a -18.1% change in the company's P/E Multiple.

(LTM values as of)	12312025	4102026	Change
Stock Price ($)	67.52	58.52	-13.3%
Change Contribution By:
Total Revenues ($ Mil)	692	704	1.7%
Net Income Margin (%)	32.9%	32.4%	-1.5%
P/E Multiple	13.6	11.1	-18.1%
Shares Outstanding (Mil)	46	43	5.6%
Cumulative Contribution			-13.3%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/10/2026

	Return	Correlation
TBBK	-13.3%
Market (SPY)	-5.4%	41.7%
Sector (XLF)	-7.3%	54.4%

Fundamental Drivers

The -21.9% change in TBBK stock from 9/30/2025 to 4/10/2026 was primarily driven by a -28.4% change in the company's P/E Multiple.

(LTM values as of)	9302025	4102026	Change
Stock Price ($)	74.89	58.52	-21.9%
Change Contribution By:
Total Revenues ($ Mil)	643	704	9.5%
Net Income Margin (%)	34.9%	32.4%	-7.1%
P/E Multiple	15.6	11.1	-28.4%
Shares Outstanding (Mil)	47	43	7.3%
Cumulative Contribution			-21.9%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/10/2026

	Return	Correlation
TBBK	-21.9%
Market (SPY)	-2.9%	41.0%
Sector (XLF)	-5.4%	53.9%

Fundamental Drivers

The 10.7% change in TBBK stock from 3/31/2025 to 4/10/2026 was primarily driven by a 31.6% change in the company's Total Revenues ($ Mil).

(LTM values as of)	3312025	4102026	Change
Stock Price ($)	52.84	58.52	10.7%
Change Contribution By:
Total Revenues ($ Mil)	535	704	31.6%
Net Income Margin (%)	40.7%	32.4%	-20.3%
P/E Multiple	11.6	11.1	-4.2%
Shares Outstanding (Mil)	48	43	10.2%
Cumulative Contribution			10.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/10/2026

	Return	Correlation
TBBK	10.7%
Market (SPY)	16.3%	56.6%
Sector (XLF)	3.0%	61.5%

Fundamental Drivers

The 110.1% change in TBBK stock from 3/31/2023 to 4/10/2026 was primarily driven by a 100.5% change in the company's Total Revenues ($ Mil).

(LTM values as of)	3312023	4102026	Change
Stock Price ($)	27.85	58.52	110.1%
Change Contribution By:
Total Revenues ($ Mil)	351	704	100.5%
Net Income Margin (%)	37.1%	32.4%	-12.6%
P/E Multiple	12.0	11.1	-6.8%
Shares Outstanding (Mil)	56	43	28.7%
Cumulative Contribution			110.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/10/2026

	Return	Correlation
TBBK	110.1%
Market (SPY)	63.3%	46.9%
Sector (XLF)	64.9%	59.3%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
TBBK Return	85%	12%	36%	36%	28%	-14%	327%
Peers Return	38%	-56%	44%	-15%	30%	-11%	-14%
S&P 500 Return	27%	-19%	24%	23%	16%	-0%	82%
Monthly Win Rates [3]
TBBK Win Rate	75%	33%	58%	67%	50%	50%
Peers Win Rate	51%	33%	60%	40%	57%	40%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
TBBK Max Drawdown	-1%	-34%	-8%	-22%	-22%	-24%
Peers Max Drawdown	-26%	-60%	-32%	-33%	-20%	-19%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: GDOT, PATH, MQ, AX, CUBI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)

How Low Can It Go

Unique Key	Event	TBBK	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-48.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	95.9%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	225 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-73.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	281.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	272 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-43.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	78.3%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	183 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-92.6%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	1248.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	4,700 days	1,480 days

Compare to GDOT, PATH, MQ, AX, CUBI

In The Past

Bancorp's stock fell -48.9% during the 2022 Inflation Shock from a high on 11/5/2021. A -48.9% loss requires a 95.9% gain to breakeven.

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About Bancorp (TBBK)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, and commercial accounts; and prepaid and debit cards. It also provides securities-backed lines of credit and insurance policy cash value-backed lines of credit; institutional banking services; vehicle fleet, other equipment leasing, and commercial fleet leasing services consist of commercial vehicles, including trucks and special purpose vehicles, and equipment; and real estate bridge lending, as well as small business administration, commercial mortgage-backed, and commercial real estate loans. The company offers private label banking; credit and debit card payment processing services for independent service organizations; and internet banking services. The Bancorp, Inc. was incorporated in 1999 and is headquartered in Wilmington, Delaware.

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Here are 1-3 brief analogies for Bancorp (TBBK):

Shopify for banking: Just as Shopify provides the e-commerce platform for businesses to sell products under their own brand, Bancorp provides the underlying banking infrastructure and services for other companies (often FinTechs) to offer banking products to their customers under their own brand.
The "Intel Inside" for FinTech companies: Bancorp often acts as the essential, behind-the-scenes technology and regulated banking partner, powering financial services offered by other companies that the end-customer interacts with directly.

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Deposit Accounts: Offers checking, savings, money market, and commercial accounts.
Cards: Provides prepaid and debit cards.
Securities & Insurance-Backed Lines of Credit: Offers lines of credit collateralized by securities or insurance policy cash values.
Commercial & Real Estate Lending: Provides various loans including real estate bridge, Small Business Administration (SBA), commercial mortgage-backed, and commercial real estate loans.
Commercial Leasing: Offers vehicle fleet, equipment, and commercial fleet leasing services.
Institutional Banking Services: Delivers specialized banking services tailored for institutional clients.
Private Label Banking: Provides banking services designed to be offered under another company's brand.
Payment Processing Services: Offers credit and debit card payment processing for independent service organizations.
Internet Banking Services: Provides online platforms for managing banking activities.

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The Bancorp (TBBK) primarily sells its banking products and services to other companies rather than directly to individuals. While the provided company description does not name specific customer companies, it outlines the types of businesses that utilize Bancorp's services.

Major categories of Bancorp's business customers include:

Companies Utilizing Private Label Banking: The Bancorp acts as the underlying bank for various financial technology (FinTech) companies and other brands that offer banking products and services under their own names. These partners leverage The Bancorp's banking infrastructure to provide services like checking, savings, and prepaid/debit cards to their own customers.
Independent Service Organizations (ISOs): Bancorp provides credit and debit card payment processing services to these organizations.
Commercial Businesses: This broad category includes enterprises that utilize Bancorp for services such as institutional banking, commercial accounts, vehicle and equipment leasing (especially commercial fleets), real estate bridge lending, Small Business Administration (SBA) loans, commercial mortgage-backed loans, and other commercial real estate loans.

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Major Suppliers of The Bancorp, Inc. (TBBK)

Fiserv, Inc. (FISV)
Visa Inc. (V)
Mastercard Incorporated (MA)

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Damian M. Kozlowski - Chief Executive Officer

Mr. Kozlowski joined The Bancorp in June 2016. He previously served as Chief Executive Officer, President, and Director of Modern Bank, N.A. from 2010 to 2016. From 2007 to 2010, he founded and served as Chairman and Chief Executive Officer of Alpha Capital Financial Group, Inc., a private equity firm. Between 2000 and 2007, he held several executive positions at Citigroup Private Bank, including CEO of Global Private Bank, President of US Private Bank, Chief Operating Officer/Chief Financial Officer, and Global Head of Business Development & Strategy. His career also includes experience in investment banking leadership at Bank of America Securities. He has deep expertise in private equity, wealth management, and investment banking.

Dominic C. Canuso - Executive Vice President and Chief Financial Officer

Mr. Canuso was appointed Chief Financial Officer on November 3, 2025, and also serves as Principal Accounting Officer. He brings over 25 years of experience in financial services. Prior to joining The Bancorp, he served as Chief Financial Officer at Capital Bank, and before that, as Chief Financial Officer at WSFS Bank for seven years. His earlier experience includes leadership roles at Barclays Bank Delaware and Advanta Bank Corporation.

Gregor J. Garry - Chief Operating Officer and Executive Vice President

Gregor J. Garry serves as the Chief Operating Officer and Executive Vice President for The Bancorp.

Maria Wainwright - Executive Vice President and Chief Marketing Officer

Maria Wainwright holds the position of Executive Vice President and Chief Marketing Officer at The Bancorp. She is based in Radnor, Pennsylvania.

Jennifer F. Terry - Executive Vice President and Chief Human Resources Officer

Jennifer F. Terry is the Executive Vice President and Chief Human Resources Officer at The Bancorp.

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Key Risks:

Concentration in Fintech Partner Relationships: The Bancorp Inc. heavily relies on a limited number of fintech partner relationships for a significant portion of its deposits and fee income, with 91% of total deposits sourced from Fintech Solutions. This presents a concentration risk, making the company vulnerable to changes in partner business strategies, market dynamics, regulatory environments, or disruptions to these key partnerships.
Credit Risk and Asset Quality, particularly Real Estate Bridge Loans (REBL): The company faces significant credit risk, especially concerning its real estate bridge loan (REBL) portfolio. Reports have alleged that Bancorp has underrepresented the risks of default and loss on these loans, with some claims pointing to issues like crumbling properties and high vacancies. Investor concerns have risen due to increased net charge-offs and potential exposure to the private credit market. The adequacy of its current expected credit loss methodology has also been questioned, leading to legal actions and increased provisions for credit losses.
Regulatory and Compliance Risks: As a financial institution deeply involved in fintech solutions and banking services, The Bancorp Inc. is subject to extensive regulatory requirements and scrutiny. Risks include potential changes in policies, increased compliance costs, and challenges arising from heightened regulatory oversight of bank-fintech partnerships. The company also strategically manages its balance sheet to remain under $10 billion in assets to benefit from the Durbin Amendment, which could limit growth opportunities. Recent issues such as delayed annual reports and questions regarding the reliance on its financial statements due to auditor concerns highlight ongoing regulatory and internal control vulnerabilities.

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The clear emerging threat to Bancorp (TBBK) is the rapid rise and expansion of **fintech companies and digital-first neobanks**.

These agile, technology-driven entities directly compete across multiple core business segments of Bancorp by offering streamlined, often lower-cost, and more user-friendly digital alternatives for banking products and services.
For instance, neobanks offer competitive checking, savings, and money market accounts with advanced mobile features, challenging Bancorp's deposit-gathering capabilities.
Fintech payment processors and digital wallets provide innovative and often more efficient solutions for credit and debit card payment processing and card services, threatening Bancorp's offerings in this space.
Online lenders and specialized lending platforms, also a part of the fintech ecosystem, provide faster and more accessible capital for small businesses, real estate, and other commercial needs, directly competing with Bancorp's diverse lending portfolio, including vehicle leasing, real estate bridge lending, and SBA loans.

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Bancorp (TBBK) Addressable Markets

Addressable Markets for Bancorp (TBBK) Main Products and Services (U.S.)

Prepaid Cards: The U.S. prepaid card market size was USD 1.76 trillion in 2024, projected to reach USD 10.62 trillion by 2034.
Debit Cards (Purchase Volume): The purchase volume on debit cards in the United States was $4.3 trillion in 2023.
Securities-Backed Lines of Credit: null
Insurance Policy Cash Value-Backed Lines of Credit: null
Equipment Leasing and Financing: The U.S. equipment leasing and finance industry, encompassing loans, leases, and lines of credit for equipment and software, amounted to $1.34 trillion in 2023.
- Automotive Fleet Leasing: The U.S. automotive fleet leasing market was valued at USD 10.12 billion in 2024.
- Industrial Equipment Rental & Leasing: The market size for industrial equipment rental and leasing in the U.S. was $54.1 billion in 2024.
Commercial Real Estate Lending (including bridge, commercial mortgage-backed, and commercial real estate loans): The U.S. commercial real estate mortgage market for income-producing properties was approximately $4.5 trillion in 2023, with an additional $467 billion in construction loans.
Small Business Administration (SBA) Loans: The U.S. small business loan market was valued at $245.39 billion in 2023, with SBA 7(a) and 504 funding totaling $37.8 billion in fiscal year 2024.
Private Label Banking: The United States private banking market was valued at USD 266.44 billion in 2024.
Credit and Debit Card Payment Processing Services: The U.S. payment processing solutions market generated a revenue of USD 16.0003 billion in 2023.
Deposit Products and Services (checking, savings, money market, and commercial accounts): null
Institutional Banking Services: null
Internet Banking Services: null

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The Bancorp, Inc. (TBBK) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

Continued Expansion of the FinTech Ecosystem: The company's FinTech ecosystem has been a primary driver of revenue growth, with significant increases in Gross Dollar Volume (GDV) and total fee and related interest income from FinTech activities. This ecosystem is central to the company's strategy for new revenue growth and improved profitability.
Expanded Partnership with Block (Cash App): A five-year expansion of The Bancorp's relationship with Block, which includes adding debit and prepaid card issuance and related services for Cash App customers, is anticipated to begin as early as the first quarter of 2026. This program is expected to significantly enhance growth and boost GDV and fee revenue in 2026–2027.
Growth in Credit Sponsorship Balances and New Partnerships: The Bancorp has seen substantial growth in its credit sponsorship balances, exceeding $1.1 billion. The company aims to add at least two new partners in the near future, which will further contribute to revenue generation through these programs.
Launch of Embedded Finance Platform: The Bancorp's embedded finance platform is slated for an early 2026 launch. This new platform is expected to be a meaningful contributor to future revenue streams.
Efficiency and Productivity Gains from Platform Restructuring and AI Tools: The company plans to implement AI-driven improvements in 2026-2027 and leverage platform restructuring to gain efficiencies and productivity. These efforts are expected to contribute to overall profitability and, by optimizing operations, can indirectly support revenue growth.

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Share Repurchases

The Bancorp's Board of Directors authorized an increase in its share repurchase program by $500 million through year-end 2026, allocating $300 million for the third and fourth quarters of 2025 and an additional $200 million for 2026.
In 2024, the company repurchased $250.0 million worth of common stock under its 2024 Repurchase Program.
For the full year 2025, The Bancorp completed $375 million in share repurchases, including $150 million in the fourth quarter.

Share Issuance

No significant share issuances were reported; instead, the number of outstanding shares decreased by 8.46% in one year and 8% between September 2024 and September 2025 due to repurchases.

Capital Expenditures

Capital expenditures for Q4 2025 were $5.2 million, representing a 717.7% increase from the prior quarter, directed towards long-term assets and infrastructure.
In 2024, capital expenditures were minimal, approximately $0.13 per share.
A primary focus of capital expenditures is continuous investment in technology and AI to drive innovation, improve operational efficiency, and enhance customer experiences, as well as developing robust infrastructure for its fintech solutions.

Interactive Breakdown

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Better Bets vs. Bancorp (TBBK)

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Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Is Bancorp Stock Built to Withstand a Pullback?	10/17/2025
2	Day 8 of Gains Streak for Bancorp Stock with 19% Return (vs. 48% YTD) [8/28/2025]	08/29/2025
3	Day 7 of Gains Streak for Bancorp Stock with 17% Return (vs. 46% YTD) [8/27/2025]	08/28/2025
4	Day 6 of Gains Streak for Bancorp Stock with 16% Return (vs. 44% YTD) [8/26/2025]	08/27/2025
5	Day 5 of Gains Streak for Bancorp Stock with 13% Return (vs. 41% YTD) [8/25/2025]	08/26/2025
6	Why Bancorp Stock Moved: TBBK Stock Has Gained 172% Since 2021 Fiscal End, Primarily Due To Favorable Change In Revenues	08/08/2025
7	Bancorp (TBBK) Valuation Ratios Comparison	08/08/2025
8	TBBK Dip Buy Analysis	07/10/2025
9	Time To Buy Bancorp Stock?	02/28/2025
10	Bancorp (TBBK) Operating Cash Flow Comparison	02/17/2025
11	ARTICLES
12	Small Cap Stocks Trading At 52-Week High	09/19/2025
13	TBBK Stock Up 19% after 8-Day Win Streak	08/29/2025
14	TBBK Stock Up 17% after 7-Day Win Streak	08/27/2025
15	TBBK Stock Up 16% after 6-Day Win Streak	08/26/2025
16	TBBK Stock Up 13% after 5-Day Win Streak	08/25/2025

	Title
0	DASHBOARDS
1	Is Bancorp Stock Built to Withstand a Pullback?
2	Day 8 of Gains Streak for Bancorp Stock with 19% Return (vs. 48% YTD) [8/28/2025]
3	Day 7 of Gains Streak for Bancorp Stock with 17% Return (vs. 46% YTD) [8/27/2025]
4	Day 6 of Gains Streak for Bancorp Stock with 16% Return (vs. 44% YTD) [8/26/2025]
5	Day 5 of Gains Streak for Bancorp Stock with 13% Return (vs. 41% YTD) [8/25/2025]
6	Why Bancorp Stock Moved: TBBK Stock Has Gained 172% Since 2021 Fiscal End, Primarily Due To Favorable Change In Revenues
7	Bancorp (TBBK) Valuation Ratios Comparison
8	TBBK Dip Buy Analysis
9	Time To Buy Bancorp Stock?
10	Bancorp (TBBK) Operating Cash Flow Comparison
11	ARTICLES
12	Small Cap Stocks Trading At 52-Week High
13	TBBK Stock Up 19% after 8-Day Win Streak
14	TBBK Stock Up 17% after 7-Day Win Streak
15	TBBK Stock Up 16% after 6-Day Win Streak
16	TBBK Stock Up 13% after 5-Day Win Streak

Trade Ideas

Select ideas related to TBBK.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
HBAN_3312026_Insider_Buying_45D_2Buy_200K	03312026	HBAN	Huntington Bancshares	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
NP_3312026_Insider_Buying_45D_2Buy_200K	03312026	NP	Neptune Insurance	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
JKHY_3272026_Monopoly_xInd_xCD_Getting_Cheaper	03272026	JKHY	Jack Henry & Associates	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	3.1%	3.1%	0.0%
MKTX_3202026_Dip_Buyer_FCFYield	03202026	MKTX	MarketAxess	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-5.2%	-5.2%	-5.7%
RYAN_3202026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	03202026	RYAN	Ryan Specialty	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	-2.7%	-2.7%	-8.5%
TBBK_10312024_Insider_Buying_45D_2Buy_200K	10312024	TBBK	Bancorp	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	-1.6%	30.1%	-18.6%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
OGN	Organon	2.3	27.8%	23.5%
LWLG	Lightwave Logic	1.4	25.6%	227.2%
POET	POET Technologies	0.6	15.8%	11.2%
ALAB	Astera Labs	25.3	15.1%	-10.4%
MANE	Veradermics	1.4	14.7%	82.3%
TTMI	TTM Technologies	12.6	13.0%	76.1%
AAOI	Applied Optoelectronics	10.6	13.0%	332.0%
FBYD	Falcons Beyond Global	0.5	12.6%	-18.9%
TE	T1 Energy	0.8	12.2%	-29.8%
CRWV	CoreWeave	51.7	10.9%	42.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FSLY	Fastly	3.5	-21.7%	126.6%
REPL	Replimune	0.4	-19.5%	-51.0%
AKAM	Akamai Technologies	13.2	-16.7%	4.7%
FICO	Fair Isaac	21.9	-14.0%	-45.4%
SEZL	Sezzle	2.0	-13.6%	-5.9%
NET	Cloudflare	58.6	-13.5%	-15.3%
DOCN	DigitalOcean	6.9	-13.3%	57.1%
SMPL	Simply Good Foods	1.0	-11.5%	-48.0%
EVMN	Evommune	0.8	-11.0%	49.0%
GH	Guardant Health	10.1	-9.8%	-23.0%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
AEHR	Aehr Test Systems	2.1	58.9%	248.8%
CAR	Avis Budget	10.6	57.5%	133.7%
AAOI	Applied Optoelectronics	10.6	44.9%	332.0%
OGN	Organon	2.3	38.8%	23.5%
LWLG	Lightwave Logic	1.4	38.4%	227.2%
HUT	Hut 8	7.2	37.4%	43.9%
SLNO	Soleno Therapeutics	2.8	33.3%	13.7%
STAA	Staar Surgical	1.3	30.8%	14.5%
RIOT	Riot Platforms	5.8	29.1%	31.0%
CIFR	Cipher Digital	6.6	28.9%	12.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
REPL	Replimune	0.4	-43.4%	-51.0%
FSLY	Fastly	3.5	-31.1%	126.6%
SMPL	Simply Good Foods	1.0	-26.3%	-48.0%
AKAM	Akamai Technologies	13.2	-22.6%	4.7%
GWRE	Guidewire Software	10.0	-21.8%	-41.3%
OKTA	Okta	11.2	-21.5%	-27.2%
HUBS	HubSpot	10.1	-21.4%	-52.1%
NET	Cloudflare	58.6	-21.1%	-15.3%
VRDN	Viridian Therapeutics	1.4	-20.6%	-52.0%
SNOW	Snowflake	41.5	-20.2%	-44.8%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
XLO	Xilio Therapeutics	0.6	1475.9%	-5.1%
CAR	Avis Budget	10.6	196.4%	133.7%
SATL	Satellogic	1.0	135.7%	292.0%
LWLG	Lightwave Logic	1.4	111.2%	227.2%
APLS	Apellis Pharmaceuticals	5.2	110.5%	62.4%
FBYD	Falcons Beyond Global	0.5	92.1%	-18.9%
FLY	Firefly Aerospace	6.0	82.2%	67.8%
KOD	Kodiak Sciences	2.3	75.7%	54.2%
KODK	Eastman Kodak	1.2	74.0%	42.9%
ORKA	Oruka Therapeutics	3.2	73.1%	96.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	1.3	-49.0%	-57.8%
VRDN	Viridian Therapeutics	1.4	-47.8%	-52.0%
MAZE	Maze Therapeutics	1.2	-47.1%	-35.6%
BUR	Burford Capital	1.0	-47.0%	-51.1%
FRMI	Fermi	2.9	-43.9%	-39.1%
TE	T1 Energy	0.8	-42.4%	-29.8%
REPL	Replimune	0.4	-39.7%	-51.0%
ADMA	ADMA Biologics	2.3	-38.1%	-46.8%
FIG	Figma	9.3	-34.8%	-51.4%
BOBS	Bobs Discount Furniture	1.4	-34.7%	-34.8%

Peer Comparisons

Peers to compare with:

Financials

	TBBK	GDOT	PATH	MQ	AX	CUBI	Median
Name	Bancorp	Green Dot	UiPath	Marqeta	Axos Fin.	Customer.
Mkt Price	58.52	11.54	9.38	3.85	92.50	73.99	35.03
Mkt Cap	2.5	0.6	5.0	1.7	5.2	2.5	2.5
Rev LTM	704	2,080	1,611	625	1,322	801	1,062
Op Inc LTM	-	30	57	-46	-	-	30
FCF LTM	256	66	352	132	421	334	295
FCF 3Y Avg	211	32	317	59	301	166	188
CFO LTM	265	139	371	163	480	495	318
CFO 3Y Avg	221	106	330	81	346	255	238

Growth & Margins

	TBBK	GDOT	PATH	MQ	AX	CUBI	Median
Name	Bancorp	Green Dot	UiPath	Marqeta	Axos Fin.	Customer.
Rev Chg LTM	31.6%	20.7%	12.7%	23.3%	10.4%	16.6%	18.6%
Rev Chg 3Y Avg	26.3%	13.0%	15.2%	-3.8%	18.7%	8.8%	14.1%
Rev Chg Q	7.5%	14.9%	13.6%	26.7%	25.4%	53.8%	20.1%
QoQ Delta Rev Chg LTM	1.7%	3.4%	3.7%	6.2%	6.2%	11.3%	4.9%
Op Mgn LTM	-	1.4%	3.5%	-7.4%	-	-	1.4%
Op Mgn 3Y Avg	-	0.8%	-6.8%	-18.0%	-	-	-6.8%
QoQ Delta Op Mgn LTM	-	-2.0%	2.9%	5.4%	-	-	2.9%
CFO/Rev LTM	37.7%	6.7%	23.0%	26.0%	36.3%	61.7%	31.2%
CFO/Rev 3Y Avg	39.3%	6.0%	22.8%	13.5%	28.8%	33.2%	25.8%
FCF/Rev LTM	36.3%	3.2%	21.9%	21.2%	31.9%	41.6%	26.9%
FCF/Rev 3Y Avg	37.5%	1.7%	21.8%	9.9%	25.0%	21.5%	21.7%

Valuation

	TBBK	GDOT	PATH	MQ	AX	CUBI	Median
Name	Bancorp	Green Dot	UiPath	Marqeta	Axos Fin.	Customer.
Mkt Cap	2.5	0.6	5.0	1.7	5.2	2.5	2.5
P/S	3.6	0.3	3.1	2.7	4.0	3.2	3.1
P/EBIT	-	21.6	88.6	-36.3	-	-	21.6
P/E	11.1	-6.5	17.8	-121.0	11.5	11.3	11.2
P/CFO	9.6	4.6	13.5	10.4	10.9	5.1	10.0
Total Yield	9.0%	-15.4%	5.6%	-0.8%	8.7%	8.9%	7.2%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
FCF Yield 3Y Avg	8.4%	4.9%	4.5%	2.8%	7.2%	7.7%	6.1%
D/E	0.1	0.1	0.0	0.0	0.2	0.7	0.1
Net D/E	0.0	-2.1	-0.3	-0.4	0.0	-1.8	-0.4

Returns

	TBBK	GDOT	PATH	MQ	AX	CUBI	Median
Name	Bancorp	Green Dot	UiPath	Marqeta	Axos Fin.	Customer.
1M Rtn	11.0%	1.0%	-24.2%	-8.3%	7.5%	11.0%	4.2%
3M Rtn	-16.2%	-8.0%	-42.5%	-18.6%	0.2%	-5.6%	-12.1%
6M Rtn	-19.3%	-7.2%	-45.0%	-22.1%	16.2%	16.0%	-13.3%
12M Rtn	36.2%	59.4%	-11.8%	0.3%	61.8%	68.6%	47.8%
3Y Rtn	110.1%	-31.1%	-43.2%	-11.5%	146.9%	318.7%	49.3%
1M Excs Rtn	10.4%	0.4%	-24.8%	-8.9%	6.9%	10.4%	3.6%
3M Excs Rtn	-15.3%	-8.1%	-42.9%	-18.4%	0.8%	-5.0%	-11.7%
6M Excs Rtn	-24.6%	-8.4%	-40.7%	-25.3%	9.9%	13.7%	-16.5%
12M Excs Rtn	2.4%	35.4%	-41.8%	-34.1%	27.3%	36.3%	14.9%
3Y Excs Rtn	50.2%	-96.2%	-112.0%	-78.9%	83.9%	260.2%	-14.4%

FDIC Bank Data

Bank Capital

FDIC Data As Of	9302025
CAPITAL
Equity Total Capital ($ Bil)	1
Tier 1 (Core) Capital ($ Bil)	1
ASSETS
Total Assets ($ Bil)	9
Adjusted Average Assets ($ Bil)	9
Risk Weighted Assets Adjusted ($ Bil)	6
LEVERAGE RATIOS
Tier 1 Capital / Total Assets Ratio	10.1%
Tier 1 Capital / Adjusted Avg Assets Ratio	9.8%
Tier 1 Capital / Risk Wtd Assets Ratio	14.7%

Bank Deposits

FDIC Data As Of	12312025
DEPOSITS
Total Deposits ($ Bil)	8
Uninsured Deposits ($ Bil)	0
Uninsured Deposits Ratio %	3.0%

Bank Assets

FDIC Data As Of	12312025
ASSETS
Cash Balance ($ Bil)	0
Securities ($ Bil)	2
Net Loans ($ Bil)	7
Trading Assets ($ Bil)	0
Bank Premises Assets ($ Bil)	0
Other Real Estate Owned ($ Bil)	0
Goodwill & Intangibles ($ Bil)	0
Other Assets ($ Bil)	0
Total Assets (Sum) ($ Bil)	9
Total Assets (Reported) ($ Bil)	9
Risk Weighted Assets ($ Bil)	6
SECURITIES DETAILS
US Govt Securities ($ Bil)	1
Equity Securities Not Held for Trading ($ Bil)	0
Total Debt Securities ($ Bil)	2
Mortgage-Backed Securities ($ Bil)	1
SECURITIES VALUATION
Securities Held to Maturity (Book Value) ($ Bil)	0
Securities Available for Sale (Fair Market) ($ Bil)	2

Bank Loans

FDIC Data As Of	12312025
LOAN DETAILS
All Real Estate Loans ($ Bil)	3
Farm Loans ($ Bil)	0
Commercial and Industrial Loans ($ Bil)	1
Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil)	3
Commercial Real Estate Loans not Secured by Real Estate ($ Bil)	0
Commercial Real Estate Owner-Occupied ($ Bil)	1
Commercial Real Estate Other Non-Farm Non-Residential ($ Bil)	0
Total Net Loans ($ Bil)	7

FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	2/25/2026	2/25/2026	3/3/2025	2/29/2024	3/1/2023	3/1/2022	3/15/2021
Key Financials
Total Revenue	704	704	535	456	355	316	279
Net Income	228	228	218	192	130	111	80
EPS	4.99	4.99	4.35	3.52	2.30	1.93	1.39
Growth Rates
Total Revenue Growth	31.6%	31.6%	17.2%	28.7%	12.3%	12.9%	13.9%
Net Income Growth	4.9%	4.9%	13.1%	47.7%	17.7%	38.2%	55.3%
Margins
Net Income Margin	32.4%	32.4%	40.7%	42.2%	36.7%	35.1%	28.7%
Cash & Debt
Total Cash	133	133	2,073	1,786	1,654	1,555	1,552
Total Debt	223	223	124	148	122	152	152
Net Debt / (Cash)	91	91	-1,949	-1,638	-1,532	-1,404	-1,400
Cash Flows
Net Cash from Operations	265	265	210	187	120	84	121
Free Cash from Operations	256	256	203	174	114	82	117
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	378	378	252	100	60	40	-0

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	2/25/2026	11/10/2025	8/8/2025	5/8/2025	3/3/2025	11/7/2024	8/9/2024	5/10/2024	2/29/2024	11/9/2023	8/9/2023	5/10/2023
Key Financials Quarterly
Total Revenue	173	175	181	175	161	126	125	124	109	116	117	115
Net Income	56	55	60	57	56	52	54	56	44	50	49	49
EPS	1.30	1.20	1.28	1.21	1.17	1.06	1.05	1.07	0.82	0.93	0.89	0.89
Key Financials TTM
Total Revenue TTM	704	692	643	586	535	483	473	465	456	450	422	388
Net Income TTM	228	228	224	218	218	206	204	200	192	189	169	150
Growth Rates Quarterly
Total Revenue Growth	7.5%	38.8%	45.6%	41.7%	47.7%	8.8%	6.8%	7.8%	6.1%	31.3%	41.3%	47.3%
Net Income Growth	0.7%	6.6%	11.4%	1.3%	27.0%	2.8%	9.5%	14.9%	9.4%	63.8%	61.2%	69.6%
Margins Quarterly
Net Income Margin	32.6%	31.5%	33.0%	32.6%	34.8%	40.9%	43.1%	45.6%	40.5%	43.3%	42.0%	42.8%
Cash & Debt
Total Cash	133	99	1,822	1,069	2,073	1,644	1,987	1,969	1,786	1,660	1,657	1,575
Total Debt	223	223	124	124	124	148	148	148	148	119	119	123
Net Debt / (Cash)	91	125	-1,698	-945	-1,949	-1,496	-1,839	-1,821	-1,638	-1,541	-1,538	-1,452
Cash Flows Quarterly
FCF from Operations	-32	78	86	132	67	51	17	75	61	53	29	43
Cash Flows TTM
FCF from Operations TTM	265	363	336	267	210	204	207	219	187	177	152	144
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	151	151	38	38	50	50	101	50	25	25	25	25
Return on Invested Capital (ROIC) Quarterly
ROIC	247.9%	176.3%	-	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	251.2%	182.8%	-	-	-	-	-	-	-	-	-	-

Segment Financials

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Corporate	2,377	1,981	1,802	1,699	1,638
Real estate bridge lending (REBL)	2,301
Institutional Banking	1,855
Commercial	1,676
Fintech	518
Payments		43	58	42	33
Specialty finance		5,682	6,043	5,099	4,492
Discontinued operations				3	114
Total	8,728	7,706	7,903	6,843	6,277

Price Behavior

Price Behavior

Market Price	$58.52
Market Cap ($ Bil)	2.5
First Trading Date	02/03/2004
Distance from 52W High	-27.2%
	50 Days	200 Days
DMA Price	$56.13	$65.74
DMA Trend	indeterminate	down
Distance from DMA	4.3%	-11.0%
	3M	1YR
Volatility	53.9%	44.5%
Downside Capture	1.17	0.68
Upside Capture	211.32	131.05
Correlation (SPY)	40.9%	47.3%

TBBK Betas & Captures as of 3/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	0.60	1.64	1.77	1.63	1.48	1.40
Up Beta	-1.22	0.97	2.39	2.71	1.42	1.39
Down Beta	0.36	-1.18	0.43	1.08	1.68	1.41
Up Capture	120%	262%	211%	118%	149%	290%
Bmk +ve Days	7	16	27	65	139	424
Stock +ve Days	12	21	32	66	138	396
Down Capture	53%	260%	222%	171%	129%	108%
Bmk -ve Days	12	23	33	58	110	323
Stock -ve Days	10	21	31	60	113	351

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with TBBK
TBBK	36.3%	46.7%	0.82	-
Sector ETF (XLF)	16.9%	17.3%	0.74	57.5%
Equity (SPY)	31.2%	17.3%	1.47	52.4%
Gold (GLD)	60.1%	27.8%	1.69	6.4%
Commodities (DBC)	29.8%	16.6%	1.58	12.0%
Real Estate (VNQ)	21.3%	15.2%	1.07	38.8%
Bitcoin (BTCUSD)	-5.7%	43.7%	-0.01	34.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with TBBK
TBBK	22.4%	46.5%	0.59	-
Sector ETF (XLF)	9.7%	18.7%	0.40	63.7%
Equity (SPY)	11.1%	17.0%	0.50	51.9%
Gold (GLD)	22.1%	17.8%	1.02	-0.1%
Commodities (DBC)	11.8%	18.8%	0.52	11.2%
Real Estate (VNQ)	3.7%	18.8%	0.10	42.5%
Bitcoin (BTCUSD)	4.0%	56.5%	0.29	21.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with TBBK
TBBK	27.0%	51.1%	0.67	-
Sector ETF (XLF)	12.7%	22.2%	0.53	60.4%
Equity (SPY)	13.8%	17.9%	0.66	49.1%
Gold (GLD)	14.2%	15.9%	0.74	-3.6%
Commodities (DBC)	8.6%	17.6%	0.41	19.4%
Real Estate (VNQ)	5.1%	20.7%	0.22	43.4%
Bitcoin (BTCUSD)	67.4%	66.9%	1.07	14.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	3312026
Short Interest: Shares Quantity	3.6 Mil
Short Interest: % Change Since 3152026	-0.2%
Average Daily Volume	0.6 Mil
Days-to-Cover Short Interest	6.0 days
Basic Shares Quantity	43.4 Mil
Short % of Basic Shares	8.3%

Returns Analyses

	Title
0	Is Bancorp Stock Built to Withstand a Pullback?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
1/29/2026	-15.7%	-17.0%	-23.3%
10/30/2025	-15.3%	-20.3%	-16.1%
7/24/2025	-8.6%	-9.3%	4.5%
10/24/2024	-14.5%	-8.6%	4.5%
7/25/2024	1.4%	-3.3%	1.9%
4/25/2024	-7.8%	-6.3%	-1.7%
10/26/2023	5.4%	16.8%	15.9%
7/27/2023	-1.4%	1.4%	-8.9%
...
SUMMARY STATS
# Positive	11	12	14
# Negative	10	9	7
Median Positive	5.4%	9.1%	10.2%
Median Negative	-7.7%	-8.6%	-8.9%
Max Positive	14.8%	16.8%	31.4%
Max Negative	-15.7%	-20.3%	-23.3%

	Forward Returns
1/29/2026	-15.7%	-17.0%	-23.3%
10/30/2025	-15.3%	-20.3%	-16.1%
7/24/2025	-8.6%	-9.3%	4.5%
10/24/2024	-14.5%	-8.6%	4.5%
7/25/2024	1.4%	-3.3%	1.9%
4/25/2024	-7.8%	-6.3%	-1.7%
10/26/2023	5.4%	16.8%	15.9%
7/27/2023	-1.4%	1.4%	-8.9%
4/27/2023	14.8%	4.4%	18.8%
2/2/2023	2.1%	0.6%	-0.7%
10/27/2022	12.7%	15.2%	18.4%
7/28/2022	3.7%	3.5%	0.2%
4/28/2022	-7.5%	-15.8%	-15.4%
1/27/2022	3.0%	13.8%	9.5%
10/28/2021	-4.1%	-0.3%	-8.6%
7/29/2021	1.4%	6.0%	10.9%
4/29/2021	-0.7%	8.1%	8.4%
1/28/2021	-0.5%	10.0%	25.1%
10/29/2020	6.9%	10.5%	31.4%
7/30/2020	7.4%	11.8%	7.6%
4/30/2020	8.0%	-4.4%	18.5%
SUMMARY STATS
# Positive	11	12	14
# Negative	10	9	7
Median Positive	5.4%	9.1%	10.2%
Median Negative	-7.7%	-8.6%	-8.9%
Max Positive	14.8%	16.8%	31.4%
Max Negative	-15.7%	-20.3%	-23.3%

SEC Filings

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Report Date	Filing Date	Filing
12/31/2025	02/25/2026	10-K
09/30/2025	11/10/2025	10-Q
06/30/2025	08/08/2025	10-Q
03/31/2025	05/08/2025	10-Q
12/31/2024	03/03/2025	10-K
09/30/2024	11/07/2024	10-Q
06/30/2024	08/09/2024	10-Q
03/31/2024	05/10/2024	10-Q
12/31/2023	02/29/2024	10-K
09/30/2023	11/09/2023	10-Q
06/30/2023	08/09/2023	10-Q
03/31/2023	05/10/2023	10-Q
12/31/2022	03/01/2023	10-K
09/30/2022	11/09/2022	10-Q
06/30/2022	08/09/2022	10-Q
03/31/2022	05/10/2022	10-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 1/29/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
Q4 2026 EPS		1.75		-75.0%		Affirmed	Guidance: 7 for Q4 2026
Q1 2026 Share Repurchases		50.00 Mil				Higher New
2026 EPS		5.9		15.7%		Higher New	Actual: 5.1 for 2025
2027 EPS		8.25		0		Affirmed	Guidance: 8.25 for 2027
2026 Share Repurchases		200.00 Mil				Higher New

Prior: Q3 2025 Earnings Reported 10/30/2025

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
Q4 2026 EPS Run-rate		7		0.0%		Affirmed	Guidance: 7 for Q4 2026
2025 EPS		5.1		-2.9%		Lowered	Guidance: 5.25 for 2025
2027 EPS		8.25

Insider Activity

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Canuso, Dominic C	EVP & Chief Financial Officer	Direct	Buy	11142025	64.64	1,700	109,887	109,887	Form
2	Canuso, Dominic C	EVP & Chief Financial Officer	Direct	Buy	11142025	61.24	1,800	110,228	214,333	Form
3	Cohn, Matthew		Spouse	Buy	11102025	62.01	1,400	86,807	204,616	Form
4	Cohn, Matthew		Trusts	Buy	11102025	62.66	1,500	93,990	10,210,071	Form
5	Cohn, Matthew		Trusts	Buy	11102025	61.27	370	22,670	10,006,249	Form

Collapse to Preview

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Canuso, Dominic C	EVP & Chief Financial Officer	Direct	Buy	11142025	64.64	1,700	109,887	109,887	Form
2	Canuso, Dominic C	EVP & Chief Financial Officer	Direct	Buy	11142025	61.24	1,800	110,228	214,333	Form
3	Cohn, Matthew		Spouse	Buy	11102025	62.01	1,400	86,807	204,616	Form
4	Cohn, Matthew		Trusts	Buy	11102025	62.66	1,500	93,990	10,210,071	Form
5	Cohn, Matthew		Trusts	Buy	11102025	61.27	370	22,670	10,006,249	Form
6	Cohn, Matthew		Daughter	Buy	11102025	61.27	375	22,976	166,287	Form
7	Harris, Ryan	EVP Head of Fintech Solutions	Direct	Sell	9112025	76.37	9,841	751,557	9,897,399	Form
8	Garry, Gregor J	EVP and COO	Direct	Sell	9082025	78.00	468	36,504	9,565,842	Form
9	Garry, Gregor J	EVP and COO	Direct	Sell	9082025	75.14	12,532	941,652	8,273,418	Form
10	Creuzot, Cheryl		Direct	Sell	8252025	71.87	837	60,155	662,210	Form
11	Nager, Jeffrey A	EVP Head of Commercial Lending	Direct	Sell	8132025	66.79	11,810	788,802	5,775,017	Form
12	Cohn, Matthew		Spouse	Buy	8062025	63.51	550	34,930	120,669	Form
13	Derowe, Olek	EVP Head Commercial RE	Direct	Sell	8052025	64.01	30,000	1,920,156	3,232,711	Form
14	Leto, John	EVP Head of Institutional Bank	Direct	Sell	8042025	60.35	50,000	3,017,410	6,886,393	Form
15	Cohn, Matthew		Direct	Buy	8012025	62.51	62	3,876	3,695,029	Form
16	Cohn, Matthew		Direct	Buy	8012025	63.00	500	31,500	3,755,493	Form
17	Cohn, Matthew		Spouse pension plan	Buy	7312025	64.80	1,350	87,478	87,478	Form
18	Kozlowski, Damian	Chief Executive Officer	Direct	Sell	7312025	64.84	141,213	9,155,912	52,936,205	Form
19	Kozlowski, Damian	Chief Executive Officer	Direct	Sell	7312025	63.93	119,128	7,615,639	44,578,093	Form
20	Kozlowski, Damian	Chief Executive Officer	Direct	Sell	7312025	62.74	39,659	2,488,146	41,260,351	Form
21	Tryniski, Mark E		Direct	Buy	2052026	60.23	5,000	301,158	1,142,354	Form
22	Canuso, Dominic C	EVP & Chief Financial Officer	Direct	Buy	2102026	60.50	200	12,100	223,850	Form
23	Canuso, Dominic C	EVP & Chief Financial Officer	Direct	Buy	2102026	62.00	800	49,603	279,016	Form
24	Canuso, Dominic C	EVP & Chief Financial Officer	Direct	Buy	2102026	60.54	2,000	121,074	978,823	Form
25	Cohn, Matthew		Spouse	Buy	2122026	62.16	355	22,067	227,195	Form
26	Cohn, Matthew		Daughter	Buy	2122026	62.11	325	20,186	141,300	Form
27	Cohn, Matthew		Daughter	Buy	2122026	56.99	170	9,688	139,332	Form
28	Cohn, Matthew		Daughter	Buy	2122026	56.78	230	13,059	151,885	Form
29	Canuso, Dominic C	EVP & Chief Financial Officer	Direct	Buy	3022026	55.26	2,000	110,510	1,003,928	Form

TBBK Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

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Diversification Alternatives

How Is The Market Pricing TBBK?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What TBBK Makes & Who Pays

TTM figures based on

TBBK Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

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1	TradingView	Morningstar
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4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Bancorp (TBBK)

Market Price (4/11/2026): $58.54 | Market Cap: $2.5 BilSector: Financials | Industry: Regional Banks

Bancorp (TBBK)

Market Price (4/11/2026): $58.54Market Cap: $2.5 BilSector: FinancialsIndustry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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About Bancorp (TBBK)

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CONVICTION RATIONALE

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Position Sizing

null

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Market Price (4/11/2026): $58.54 | Market Cap: $2.5 Bil
Sector: Financials | Industry: Regional Banks

Market Price (4/11/2026): $58.54
Market Cap: $2.5 Bil
Sector: Financials
Industry: Regional Banks