secwatch.observer — SEC 8-K summary
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Issuer:     Bancorp, Inc. (TBBK)
CIK:        0001295401
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000950159-24-000229
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

The Bancorp Q2 EPS $1.05, raises 2024 guidance to $4.35/share
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- GAAP EPS $1.05, net income $53.7M vs $49.0M prior year (+18% EPS growth).
- Adjusted non-GAAP EPS $1.07; legacy security non-accrual impact $0.02.
- 2024 EPS guidance raised to $4.35 from $4.25, excluding $50M quarterly buybacks.
- Repurchased 3.0M shares at avg $33.13; shares outstanding down 7.4% since Dec 2023.
- Net interest income $93.8M (+8% YoY); net interest margin 4.97%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295401/000095015924000229/0000950159-24-000229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295401/000095015924000229/bancorp8k.htm
  HTML page:      https://secwatch.observer/filing/0000950159-24-000229

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