secwatch.observer — SEC 8-K summary
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Issuer:     Bancorp, Inc. (TBBK)
CIK:        0001295401
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000950159-24-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bancorp Q4 EPS $0.81 ($0.95 adjusted); guides 2024 EPS $4.25, plans $200M buyback
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- Net income Q4 $44M ($0.81 diluted); adjusted EPS $0.95 excluding $10M trust preferred charge.
- Net interest margin 5.26% vs 4.21% YoY; net interest income +20% to $92.2M.
- GDV on prepaid/debit cards +13% to $33.29B; payment fees +15% to $25.1M.
- Real estate bridge loans up 20% YoY to $2.0B; book value per share +22% to $15.17.
- 2024 EPS guidance $4.25; plans $200M share buyback ($50M/quarter) not included in guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295401/000095015924000020/0000950159-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295401/000095015924000020/bancorp8k.htm
  HTML page:      https://secwatch.observer/filing/0000950159-24-000020

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