secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bancorp, Inc. (TBBK)
CIK:        0001295401
Form:       8-K
Filed at:   2022-08-12T23:59:59+00:00
Accession:  0000950159-22-000188
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bancorp updates 2022 EPS guidance to $2.25-$2.30; targets >$500M revenue and >22% ROE
--------------------------------------------------------------------------------

- Q2 YTD 2022 ROE 18%, ROA 1.7%, efficiency ratio 50%.
- 2022 EPS guidance raised to $2.25-$2.30 from $1.88 in FY2021.
- Long-term targets: revenue >$500M, ROE >22%, ROA >2%, leverage ratio 9%.
- Loan portfolio $5.6B: institutional banking $2.4B, real estate bridge $1.9B, small business $0.7B, leasing $0.6B.
- Fintech deposits drive low cost of funds (0.36% in Q2 2022); non-interest income 26% of revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295401/000095015922000188/0000950159-22-000188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295401/000095015922000188/bancorp8k.htm
  HTML page:      https://secwatch.observer/filing/0000950159-22-000188

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer