secwatch.observer — SEC 8-K summary
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Issuer:     Bancorp, Inc. (TBBK)
CIK:        0001295401
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000950159-23-000151
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bancorp Q1 EPS $0.88, up 76% YoY; raises 2023 guidance to $3.60 from $3.20
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- Net income $49.1M ($0.88 diluted EPS) vs $29.0M ($0.50) in Q1 2022, up 76%.
- Net interest income $85.8M (+62% YoY); net interest margin 4.67% vs 3.12% YoY.
- Total loans $5.35B (down 2% QoQ, +29% YoY); GDV $34.01B (+19% YoY).
- CEO raises 2023 EPS guidance to $3.60 from $3.20; plans $25M quarterly share buybacks.
- Capital ratios well above well-capitalized minimums; book value $13.11, +15% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295401/000095015923000151/0000950159-23-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295401/000095015923000151/bancorp8k.htm
  HTML page:      https://secwatch.observer/filing/0000950159-23-000151

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