Bancorp (TBBK)
Market Price (6/6/2026): $54.11 | Market Cap: $2.3 BilSector: Financials | Industry: Regional Banks
Bancorp (TBBK)
Market Price (6/6/2026): $54.11Market Cap: $2.3 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.9%, FCF Yield is 11% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 37%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36% Low stock price volatilityVol 12M is 43% 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 lowUninsured 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 driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Digital Payments, Online Banking & Lending, Show more. | Weak multi-year price returns3Y Excs Rtn is -1.3% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -8.0% Short seller reportCulper Research report on 11/28/2024. Key risksTBBK key risks include [1] a securities class action lawsuit alleging misleading financial statements, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.9%, FCF Yield is 11% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 37%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36% |
| Low stock price volatilityVol 12M is 43% |
| 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 lowUninsured 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 driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Digital Payments, Online Banking & Lending, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -1.3% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -8.0% |
| Short seller reportCulper Research report on 11/28/2024. |
| Key risksTBBK key risks include [1] a securities class action lawsuit alleging misleading financial statements, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 6/1/2026
Bancorp (TBBK) stock has gained about 5% since 2/28/2026 because of the following key factors:
1. Strong Q1 2026 Earnings Outperformance and Upbeat Guidance.
The Bancorp reported diluted earnings per share (EPS) of $1.41 for Q1 2026, surpassing the Wall Street consensus of $1.36 by 3.7%, and marking an 18% increase year-over-year from Q1 2025 EPS of $1.19. Furthermore, management reiterated its 2026 EPS guidance at $5.90 and provided a robust 2027 EPS expectation ranging from $8.10 to $8.30, indicating confidence in sustained future profitability.
2. Robust Loan and Deposit Growth, Driven by Fintech Initiatives.
The company demonstrated significant expansion in its loan portfolio, which grew by 22% year-over-year to $7.75 billion. Credit sponsorship balances experienced a substantial non-annualized increase of 50% over Q4 2025, reaching $1.65 billion. Additionally, average deposits increased by a healthy 9% on a linked-quarter basis, and Fintech Gross Dollar Volume (GDV) saw an 18% year-over-year growth.
Show more
Bancorp (TBBK) stock has gained about 5% since 2/28/2026 because of the following key factors:
1. Strong Q1 2026 Earnings Outperformance and Upbeat Guidance.
The Bancorp reported diluted earnings per share (EPS) of $1.41 for Q1 2026, surpassing the Wall Street consensus of $1.36 by 3.7%, and marking an 18% increase year-over-year from Q1 2025 EPS of $1.19. Furthermore, management reiterated its 2026 EPS guidance at $5.90 and provided a robust 2027 EPS expectation ranging from $8.10 to $8.30, indicating confidence in sustained future profitability.
2. Robust Loan and Deposit Growth, Driven by Fintech Initiatives.
The company demonstrated significant expansion in its loan portfolio, which grew by 22% year-over-year to $7.75 billion. Credit sponsorship balances experienced a substantial non-annualized increase of 50% over Q4 2025, reaching $1.65 billion. Additionally, average deposits increased by a healthy 9% on a linked-quarter basis, and Fintech Gross Dollar Volume (GDV) saw an 18% year-over-year growth.
Show more
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
The 3.1% change in TBBK stock from 2/28/2026 to 6/5/2026 was primarily driven by a 3.3% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 6052026 | Change |
|---|---|---|---|
| Stock Price ($) | 52.49 | 54.11 | 3.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 704 | 690 | -2.0% |
| Net Income Margin (%) | 32.4% | 33.5% | 3.3% |
| P/E Multiple | 10.0 | 9.9 | -1.2% |
| Shares Outstanding (Mil) | 43 | 42 | 3.1% |
| Cumulative Contribution | 3.1% |
Market Drivers
2/28/2026 to 6/5/2026| Return | Correlation | |
|---|---|---|
| TBBK | 3.1% | |
| Market (SPY) | 7.8% | 34.9% |
| Sector (XLF) | 2.2% | 57.3% |
Fundamental Drivers
The -15.5% change in TBBK stock from 11/30/2025 to 6/5/2026 was primarily driven by a -23.5% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6052026 | Change |
|---|---|---|---|
| Stock Price ($) | 64.07 | 54.11 | -15.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 692 | 690 | -0.3% |
| Net Income Margin (%) | 32.9% | 33.5% | 1.7% |
| P/E Multiple | 12.9 | 9.9 | -23.5% |
| Shares Outstanding (Mil) | 46 | 42 | 8.9% |
| Cumulative Contribution | -15.5% |
Market Drivers
11/30/2025 to 6/5/2026| Return | Correlation | |
|---|---|---|
| TBBK | -15.5% | |
| Market (SPY) | 8.5% | 39.3% |
| Sector (XLF) | -1.1% | 56.0% |
Fundamental Drivers
The 5.9% change in TBBK stock from 5/31/2025 to 6/5/2026 was primarily driven by a 17.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312025 | 6052026 | Change |
|---|---|---|---|
| Stock Price ($) | 51.10 | 54.11 | 5.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 586 | 690 | 17.6% |
| Net Income Margin (%) | 37.2% | 33.5% | -10.0% |
| P/E Multiple | 11.1 | 9.9 | -10.7% |
| Shares Outstanding (Mil) | 47 | 42 | 12.1% |
| Cumulative Contribution | 5.9% |
Market Drivers
5/31/2025 to 6/5/2026| Return | Correlation | |
|---|---|---|
| TBBK | 5.9% | |
| Market (SPY) | 26.6% | 36.8% |
| Sector (XLF) | 4.2% | 47.4% |
Fundamental Drivers
The 75.3% change in TBBK stock from 5/31/2023 to 6/5/2026 was primarily driven by a 77.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6052026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.86 | 54.11 | 75.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 388 | 690 | 77.8% |
| Net Income Margin (%) | 38.8% | 33.5% | -13.6% |
| P/E Multiple | 11.4 | 9.9 | -13.3% |
| Shares Outstanding (Mil) | 55 | 42 | 31.6% |
| Cumulative Contribution | 75.3% |
Market Drivers
5/31/2023 to 6/5/2026| Return | Correlation | |
|---|---|---|
| TBBK | 75.3% | |
| Market (SPY) | 83.4% | 45.9% |
| Sector (XLF) | 72.8% | 59.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TBBK Return | 85% | 12% | 36% | 36% | 28% | -21% | 292% |
| Peers Return | 38% | -56% | 44% | -15% | 30% | -8% | -11% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| TBBK Win Rate | 75% | 33% | 58% | 67% | 50% | 33% | |
| Peers Win Rate | 51% | 33% | 60% | 40% | 57% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| TBBK Max Drawdown | -29% | -48% | -30% | -36% | -35% | -28% | |
| Peers Max Drawdown | -26% | -62% | -46% | -39% | -32% | -26% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[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 6/5/2026 (YTD)
How Low Can It Go
| Event | TBBK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.8% | -18.8% |
| % Gain to Breakeven | 46.6% | 23.1% |
| Time to Breakeven | 92 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -19.3% | -9.5% |
| % Gain to Breakeven | 24.0% | 10.5% |
| Time to Breakeven | 21 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.1% | -6.7% |
| % Gain to Breakeven | 37.2% | 7.1% |
| Time to Breakeven | 86 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.0% | -24.5% |
| % Gain to Breakeven | 53.9% | 32.4% |
| Time to Breakeven | 60 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -73.5% | -33.7% |
| % Gain to Breakeven | 277.4% | 50.9% |
| Time to Breakeven | 265 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.6% | -19.2% |
| % Gain to Breakeven | 25.9% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
Bancorp's stock fell -31.8% during the 2025 US Tariff Shock. Such a loss loss requires a 46.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | TBBK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.8% | -18.8% |
| % Gain to Breakeven | 46.6% | 23.1% |
| Time to Breakeven | 92 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.1% | -6.7% |
| % Gain to Breakeven | 37.2% | 7.1% |
| Time to Breakeven | 86 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.0% | -24.5% |
| % Gain to Breakeven | 53.9% | 32.4% |
| Time to Breakeven | 60 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -73.5% | -33.7% |
| % Gain to Breakeven | 277.4% | 50.9% |
| Time to Breakeven | 265 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.6% | -19.2% |
| % Gain to Breakeven | 25.9% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -27.1% | -3.7% |
| % Gain to Breakeven | 37.2% | 3.9% |
| Time to Breakeven | 37 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -49.4% | -12.2% |
| % Gain to Breakeven | 97.5% | 13.9% |
| Time to Breakeven | 317 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -58.1% | -6.8% |
| % Gain to Breakeven | 138.6% | 7.3% |
| Time to Breakeven | 647 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -29.0% | -17.9% |
| % Gain to Breakeven | 40.9% | 21.8% |
| Time to Breakeven | 175 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -24.1% | -15.4% |
| % Gain to Breakeven | 31.8% | 18.2% |
| Time to Breakeven | 142 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -84.0% | -53.4% |
| % Gain to Breakeven | 526.6% | 114.4% |
| Time to Breakeven | 1561 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -20.1% | -8.6% |
| % Gain to Breakeven | 25.1% | 9.5% |
| Time to Breakeven | 4966 days | 47 days |
In The Past
Bancorp's stock fell -31.8% during the 2025 US Tariff Shock. Such a loss loss requires a 46.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Bancorp (TBBK)
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.
AI Analysis | Feedback
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.
AI Analysis | Feedback
- 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.
AI Analysis | Feedback
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.
AI Analysis | Feedback
Major Suppliers of The Bancorp, Inc. (TBBK)
- Fiserv, Inc. (FISV)
- Visa Inc. (V)
- Mastercard Incorporated (MA)
AI Analysis | Feedback
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.
AI Analysis | Feedback
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.
AI Analysis | Feedback
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.
AI Analysis | Feedback
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
AI Analysis | Feedback
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.
AI Analysis | Feedback
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.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 33.38 |
| Mkt Cap | 2.4 |
| Rev LTM | 1,145 |
| Op Inc LTM | 38 |
| FCF LTM | 251 |
| FCF 3Y Avg | 198 |
| CFO LTM | 320 |
| CFO 3Y Avg | 248 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 18.3% |
| Rev Chg 3Y Avg | 15.1% |
| Rev Chg Q | 18.3% |
| QoQ Delta Rev Chg LTM | 4.5% |
| Op Inc Chg LTM | -12.2% |
| Op Inc Chg 3Y Avg | 58.1% |
| Op Mgn LTM | 1.7% |
| Op Mgn 3Y Avg | -5.1% |
| QoQ Delta Op Mgn LTM | 2.5% |
| CFO/Rev LTM | 27.4% |
| CFO/Rev 3Y Avg | 27.5% |
| FCF/Rev LTM | 20.3% |
| FCF/Rev 3Y Avg | 22.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.4 |
| P/S | 3.1 |
| P/Op Inc | 18.7 |
| P/EBIT | 18.7 |
| P/E | 10.2 |
| P/CFO | 10.0 |
| Total Yield | 7.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 6.6% |
| D/E | 0.3 |
| Net D/E | -0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -2.9% |
| 3M Rtn | 2.3% |
| 6M Rtn | -9.8% |
| 12M Rtn | 16.8% |
| 3Y Rtn | 18.1% |
| 1M Excs Rtn | -3.2% |
| 3M Excs Rtn | -7.2% |
| 6M Excs Rtn | -18.9% |
| 12M Excs Rtn | -6.8% |
| 3Y Excs Rtn | -48.5% |
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 | $54.11 | |
| Market Cap ($ Bil) | 2.3 | |
| First Trading Date | 02/03/2004 | |
| Distance from 52W High | -32.6% | |
| 50 Days | 200 Days | |
| DMA Price | $56.71 | $64.46 |
| DMA Trend | down | up |
| Distance from DMA | -4.6% | -16.1% |
| 3M | 1YR | |
| Volatility | 28.5% | 43.6% |
| Downside Capture | 84.27 | 147.34 |
| Upside Capture | 64.58 | 115.57 |
| Correlation (SPY) | 40.6% | 38.2% |
TBBK Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.34 | 0.85 | 0.74 | 1.39 | 1.37 | 1.32 |
| Up Beta | 2.56 | 0.80 | 0.87 | 1.24 | 1.84 | 1.29 |
| Down Beta | -0.03 | -0.09 | 0.31 | 0.60 | 1.27 | 1.39 |
| Up Capture | 5% | 55% | 71% | 142% | 111% | 206% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 9 | 24 | 36 | 69 | 141 | 401 |
| Down Capture | 297% | 183% | 89% | 186% | 127% | 107% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 11 | 17 | 27 | 55 | 108 | 347 |
[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 | 5.7% | 43.6% | 0.25 | - |
| Sector ETF (XLF) | 4.6% | 14.6% | 0.09 | 47.9% |
| Equity (SPY) | 25.3% | 12.1% | 1.57 | 37.3% |
| Gold (GLD) | 27.6% | 26.9% | 0.88 | 12.8% |
| Commodities (DBC) | 36.9% | 19.0% | 1.52 | -7.5% |
| Real Estate (VNQ) | 12.5% | 13.3% | 0.63 | 27.5% |
| Bitcoin (BTCUSD) | -39.7% | 42.2% | -1.08 | 31.5% |
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 | 16.9% | 46.1% | 0.49 | - |
| Sector ETF (XLF) | 8.5% | 18.6% | 0.34 | 63.7% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 51.9% |
| Gold (GLD) | 17.3% | 18.1% | 0.78 | 0.3% |
| Commodities (DBC) | 9.5% | 19.4% | 0.38 | 8.0% |
| Real Estate (VNQ) | 3.2% | 18.8% | 0.07 | 43.1% |
| Bitcoin (BTCUSD) | 12.1% | 54.6% | 0.42 | 22.8% |
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 | 22.8% | 50.8% | 0.60 | - |
| Sector ETF (XLF) | 12.6% | 22.2% | 0.52 | 60.4% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 48.9% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | -2.6% |
| Commodities (DBC) | 7.1% | 18.0% | 0.32 | 17.9% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 43.7% |
| Bitcoin (BTCUSD) | 63.9% | 66.9% | 1.03 | 15.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/23/2026 | -4.2% | -1.1% | -8.5% |
| 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% |
| 4/24/2025 | -3.4% | -0.4% | 2.8% |
| 1/30/2025 | 5.9% | 8.5% | -4.4% |
| 10/24/2024 | -14.5% | -8.6% | 4.5% |
| 7/25/2024 | 1.4% | -3.3% | 1.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 14 | 16 |
| # Negative | 12 | 10 | 8 |
| Median Positive | 6.4% | 9.3% | 9.8% |
| Median Negative | -5.9% | -7.4% | -8.7% |
| Max Positive | 16.0% | 19.9% | 31.4% |
| Max Negative | -15.7% | -20.3% | -23.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 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 |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 4/23/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 EPS | 1.75 | 0 | Affirmed | Guidance: 1.75 for Q4 2026 | |||
| Q2 2026 Share Repurchases | 50.00 Mil | 0 | Affirmed | Guidance: 50.00 Mil for Q1 2026 | |||
| 2026 EPS | 5.9 | 0 | Affirmed | Guidance: 5.9 for 2026 | |||
| 2027 EPS | 8.1 | 8.2 | 8.3 | -0.6% | Lowered | Guidance: 8.25 for 2027 | |
| 2026 Share Repurchases | 200.00 Mil | 0 | Affirmed | Guidance: 200.00 Mil for 2026 | |||
Prior: 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 | |||||
Insider Activity
Updated 5/28/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Cohn, Matthew | Direct | Buy | 5052026 | 58.77 | 250 | 14,692 | 3,518,031 | Form | |
| 2 | Cohn, Matthew | Spouse | Buy | 5052026 | 59.50 | 1,500 | 89,250 | 306,722 | Form | |
| 3 | Cohn, Matthew | Daughter(A) | Buy | 5052026 | 59.76 | 500 | 29,880 | 189,738 | Form | |
| 4 | Cohn, Matthew | Daughter(B) | Buy | 5052026 | 59.90 | 250 | 14,975 | 177,544 | Form | |
| 5 | Caesar, Erika R | EVP and General Counsel | Direct | Sell | 4302026 | 60.28 | 4,470 | 269,452 | 1,982,006 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 6/5/2026