secwatch.observer — SEC 8-K summary
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Issuer:     Bancorp, Inc. (TBBK)
CIK:        0001295401
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0002039852-24-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bancorp Q3 net income $51.5M, EPS $1.04; guides FY2025 EPS $5.25
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- Net income $51.5M ($1.04 EPS) vs $50.1M ($0.92) a year ago; net interest income up 5% to $93.7M.
- REBL substandard loans doubled to $155.4M; CECL factor added with $1.5M after-tax hit.
- Share repurchases accelerated: 1.04M shares at avg $48.21 in Q3; shares outstanding down 9% to 48.2M.
- Preliminary 2025 EPS guidance of $5.25 (excl buybacks); 2024 guidance reaffirmed at $4.35.
- Planned 2025 buybacks $150M (down from $250M) to repay $96M senior secured debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295401/000203985224000009/0002039852-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295401/000203985224000009/bancorp8k.htm
  HTML page:      https://secwatch.observer/filing/0002039852-24-000009

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