Bancorp files 8-K/A confirming non-reliance on 2024 financials due to incomplete fintech loan procedures

Bancorp, Inc.

Non-reliance on previously issued 2024 annual report due to incomplete closing procedures for consumer fintech loan allowance.
Adjustment to allowance for loan losses and provision expense offset by credit enhancement; no net income impact.
No restatement of 2023 or 2022 financials; disclosure controls and internal control evaluation ongoing.
Audit committee review underway; company continues evaluating control conclusions.

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