secwatch.observer — SEC 8-K summary
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Issuer:     Bancorp, Inc. (TBBK)
CIK:        0001295401
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000950159-22-000218
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bancorp Q3 EPS $0.54; issues 2023 preliminary EPS guidance of $3.20
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- Q3 2022 net income $30.6M ($0.54 diluted EPS) vs $28.3M ($0.48) in Q3 2021.
- Net interest margin expanded to 3.69% from 3.35% a year ago; net interest income up 27% to $64.7M.
- 2022 EPS guidance reiterated at $2.25-$2.30; preliminary 2023 EPS guidance of $3.20 (40% increase).
- Board approved new $25M per quarter share repurchase program for 2023, replacing prior $15M quarterly plan.
- GDV on prepaid/debit cards grew 15% YoY to $28.12B; payment fees up 6% to $21.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295401/000095015922000218/0000950159-22-000218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295401/000095015922000218/tbbk8k.htm
  HTML page:      https://secwatch.observer/filing/0000950159-22-000218

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