secwatch.observer — SEC 8-K summary
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Issuer:     Bancorp, Inc. (TBBK)
CIK:        0001295401
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000950159-23-000223
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bancorp Q2 net income $49M, EPS $0.89 (+68% YoY); reaffirms $3.60 FY guidance
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- Net income $49.0M ($0.89 diluted EPS) vs $30.4M ($0.53) in Q2 2022, a 68% EPS increase.
- Net interest income rose 60% to $87.2M; net interest margin expanded to 4.83% from 3.17% a year ago.
- ROA annualized 2.6% (vs 1.7%), ROE 27% (vs 19%); book value per share $13.74, up 19% YoY.
- Gross dollar volume on prepaid/debit cards $32.78B, up 15% YoY; share repurchases 828,727 shares at ~$30.17 during Q2.
- CEO Damian Kozlowski reaffirmed FY 2023 guidance of $3.60 EPS, excluding planned $25M quarterly share buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295401/000095015923000223/0000950159-23-000223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295401/000095015923000223/bancorp8k.htm
  HTML page:      https://secwatch.observer/filing/0000950159-23-000223

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