secwatch.observer — SEC 8-K summary
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Issuer:     Bancorp, Inc. (TBBK)
CIK:        0001295401
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000950159-23-000270
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295401/000095015923000270/0000950159-23-000270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295401/000095015923000270/bancorp8k.htm
  HTML page:      https://secwatch.observer/filing/0000950159-23-000270

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