---
schema_version: "secwatch.filing_event.v1"
accession: "0000950159-24-000127"
form_type: "8-K"
ticker: "TBBK"
cik: "0001295401"
company_name: "Bancorp, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:35:51.067585+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# Bancorp Q1 EPS $1.06 beats year ago $0.88; raises quarterly buyback to $100M

## Summary
- Net income $56.4M ($1.06 diluted EPS), up from $49.1M ($0.88) Q1 2023.
- Net interest income rose 10% to $94.4M; net margin 5.15% vs 4.67% YoY.
- Share repurchase authorization increased from $50M to $100M for Q2 2024.
- Added Block, Inc. as new fintech partner; prepaid/debit GDV up 12% to $37.9B.
- Reaffirms FY 2024 EPS guidance of $4.25, excluding buyback impact.

## SEC filing metadata
- accession: 0000950159-24-000127
- form_type: 8-K
- ticker: TBBK
- cik: 0001295401
- company_name: Bancorp, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295401/000095015924000127/0000950159-24-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295401/000095015924000127/bancorp8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950159-24-000127
- JSON: https://secwatch.observer/filing/0000950159-24-000127.json
- Plain text: https://secwatch.observer/filing/0000950159-24-000127.txt

## Key facts
- Earnings Releases
  Bancorp, Inc. reported the first quarter of 2024 results: net income $56.4 million, EPS $1.06 per diluted share.
  - Period: the first quarter of 2024
  - Net income: $56.4 million
  - EPS: $1.06 per diluted share
  - Result: reported results
  source text: The Bancorp, Inc. Reports First Quarter Financial Results Wilmington, DE – April 25, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1295401/000095015924000127/0000950159-24-000127-index.htm

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