---
schema_version: "secwatch.filing_event.v1"
accession: "0002039852-25-000053"
form_type: "8-K"
ticker: "TBBK"
cik: "0001295401"
company_name: "Bancorp, Inc."
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T13:06:46.509772+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bancorp says 2022-2024 financials unreliable; auditors lacked consent

## Summary
- Financial statements for fiscal years 2022-2024 should no longer be relied upon due to missing final auditor approval.
- Crowe LLP (2024 audit) and Grant Thornton LLP (2022-2023) did not provide consent to include audit opinions.
- Company must complete additional procedures on accounting for consumer fintech loans in allowance for credit losses.
- Amended 10-K/A will be filed with proper audit opinions and consents from both firms.
- Audit Committee discussing impact on disclosure controls and internal control over financial reporting.

## SEC filing metadata
- accession: 0002039852-25-000053
- form_type: 8-K
- ticker: TBBK
- cik: 0001295401
- company_name: Bancorp, Inc.
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295401/000203985225000053/0002039852-25-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295401/000203985225000053/bancorp8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002039852-25-000053
- JSON: https://secwatch.observer/filing/0002039852-25-000053.json
- Plain text: https://secwatch.observer/filing/0002039852-25-000053.txt

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