---
schema_version: "secwatch.filing_event.v1"
accession: "0000950159-23-000270"
form_type: "8-K"
ticker: "TBBK"
cik: "0001295401"
company_name: "Bancorp, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:06:06.692438+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Bancorp Q3 net income $50.1M ($0.92 EPS), initiates 2024 EPS guidance of $4.25; buyback increased 4x

## Summary
- Q3 net income $50.1M ($0.92 diluted EPS) vs $30.6M ($0.54) a year ago, up 70% YoY.
- Net interest margin widened to 5.07% from 3.69% last year; net interest income up 37% to $88.9M.
- Gross dollar volume from prepaid/debit cards increased 17% to $32.97B.
- CEO announced preliminary 2024 EPS guidance of $4.25, representing 18% growth over 2023 guidance.
- Planned share buyback in 2024 increased to $200M ($50M/qtr) from $100M; Q3 repurchased 685k shares at $36.47 avg.

## SEC filing metadata
- accession: 0000950159-23-000270
- form_type: 8-K
- ticker: TBBK
- cik: 0001295401
- company_name: Bancorp, Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295401/000095015923000270/0000950159-23-000270-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295401/000095015923000270/bancorp8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950159-23-000270
- JSON: https://secwatch.observer/filing/0000950159-23-000270.json
- Plain text: https://secwatch.observer/filing/0000950159-23-000270.txt

## Key facts
- Earnings Releases
  Bancorp, Inc. reported the quarter ended September 30, 2023 results: net income $50.1 million, EPS $0.92 per diluted share. Guidance initiated.
  - Period: the quarter ended September 30, 2023
  - Net income: $50.1 million
  - EPS: $0.92 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: The Bancorp reported net income of $50.1 million, or $0.92 per diluted share, for the quarter ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1295401/000095015923000270/0000950159-23-000270-index.htm
- Earnings Releases
  Bancorp, Inc. reported 2024 results: EPS $4.25 a share. Guidance initiated.
  - Period: 2024
  - EPS: $4.25 a share
  - Guidance: initiated
  - Result: guidance update
  source text: We are initiating 2024 preliminary guidance of $4.25 a share without including the impact of share buybacks.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1295401/000095015923000270/0000950159-23-000270-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.