Last $10.01 USD
Change Today +0.05 / 0.50%
Volume 315.4K
TBBK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

bancorp inc/the (TBBK) Snapshot

Open
$9.97
Previous Close
$9.96
Day High
$10.04
Day Low
$9.83
52 Week High
03/4/14 - $20.24
52 Week Low
08/15/14 - $8.47
Market Cap
377.5M
Average Volume 10 Days
389.2K
EPS TTM
$0.34
Shares Outstanding
37.7M
EX-Date
--
P/E TM
29.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for BANCORP INC/THE (TBBK)

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bancorp inc/the (TBBK) Details

The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides various commercial and retail, and related banking products and services to small and mid-size businesses, and their principals in the United States. It offers a range of deposit products and services, including checking accounts, savings accounts, healthcare accounts, money market accounts, certificates of deposit, and prepaid and payroll cards, as well as commercial accounts, such as general commercial checking, small business checking, business savings, and business money market accounts. The company also provides a portfolio of loans comprising commercial term loans, commercial mortgage loans, commercial lines of credit, 1-4 family construction loans, and direct lease financing; commercial construction, acquisition, and development loans; and consumer loans for consumers to finance personal residences, automobiles, home improvements, and for other purposes. In addition, it offers private label banking, institutional banking, card payment processing, and Internet banking services. The company serves Philadelphia, Delaware, Chester, Montgomery, Bucks, and Lehigh counties in Pennsylvania; New Castle County in Delaware; and Mercer, Burlington, Camden, Ocean, and Cape May Counties in New Jersey. The Bancorp, Inc. was founded in 1999 and is based in Wilmington, Delaware.

bancorp inc/the (TBBK) Top Compensated Officers

Founder, Chief Executive Officer, Director, M...
Total Annual Compensation: $653.4K
President, Chief Operating Officer, Director,...
Total Annual Compensation: $509.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $310.8K
Executive Vice President of Commercial Loans ...
Total Annual Compensation: $423.2K
Senior Vice President and General Legal Couns...
Total Annual Compensation: $350.1K
Compensation as of Fiscal Year 2013.

bancorp inc/the (TBBK) Key Developments

Levi & Korsinsky Commences Lawsuit in United States District Court for the District Against The Bancorp, Inc

Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the District of Delaware on behalf of investors who purchased The Bancorp Inc. common stock between April 24, 2013 and June 10, 2014. The complaint alleges that throughout the Class Period defendants issued false and misleading statements and/or failed to disclose that: (a) the Company had under-reserved for loan losses due to adverse loans; (b) The Bancorp's operations and credit practices were in violation of the Bank Secrecy Act ('BSA'); and (c) as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

The Bancorp, Inc. Reports Restated Earnings Results for the Second Quarter of 2014

The Bancorp Inc. reported restated earnings results for the second quarter of 2014. The company had net income of $338,000 for the quarter rather than a net loss of approximately $5,500,000 as previously announced. The company concluded that approximately $7,040,000, pretax, of non-interest expense, related to look back and consulting expenses required by the June, 2014 FDIC BSA order, will be recognized when the services are performed, expected to be in the third and fourth quarter of the current year. The company had initially intended to recognize these expenses in the second quarter just ended, resulting in the loss originally announced.

The Bancorp, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

The Bancorp Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. The Bancorp Inc. reported a net loss of $5.5 million for the second quarter of 2014 compared to net income of $5.6 million in second quarter 2013, or a loss per share of $0.15 in 2014 compared to $0.15 earnings per share in the comparable prior year period. 18% increase in net interest income to $27.9 million compared to $23.6 million in second quarter 2013. Bancorp reported a net loss available to common shareholders for the three months ended June 30, 2014 of $5.5 million, or a loss per share of $0.15, based on 37,706,491 weighted average shares outstanding, compared to net income available to common shareholders of $5.6 million, or diluted earnings per share of $0.15, based on 37,974,814 weighted average diluted shares outstanding, for the three months ended June 30, 2013. Net interest income was $27.915 million against $23.579 million a year ago. Net loss before income tax expense was $6.740 million against income of $8.854 million a year ago. For the six-month period, the company reported net interest income was $54.483 million against $46.263 million a year ago. Net loss before income tax expense was $6.274 million against income of $20.691 million a year ago. Net loss available to common shareholders was $5.248 million or $0.14 diluted per share against income of $12.998 million or $0.34 diluted per share a year ago.

 

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