Martin Egan
On March 28, 2025, the Board of Directors (the “Board”) of the Company appointed Martin Egan, 57, the Company’s current Chief Accounting Officer, as the Company’s Interim Chief Financial Officer.
Highest-materiality recent filing
Bancorp Q2 2026 EPS $1.45 (+14% YoY); fintech fees up 65%; GDV $53.5B (+22.5%)
Diluted EPS $1.45 vs $1.27 in Q2 2025 (+14.2%); net income $60.7M vs $59.8M.
The Bancorp Q1 2026 EPS $1.41, net income $60.1M, loans up 22% YoY
EPS $1.41 vs $1.19 in 1Q25 (+18%); net income $60.1M vs $57.2M.
Bancorp Q4 EPS $1.28 beats prior year; guides FY2026 EPS $5.90, 2027 $8.25
Q4 net income $56.3M ($1.28 diluted EPS) vs $55.9M ($1.15) a year ago; ROE 30.4% vs 27.7%.
The Bancorp appoints Dominic Canuso as CFO effective Nov 3, 2025; interim CFO Egan becomes CAO
Dominic Canuso appointed EVP and CFO of The Bancorp Inc. and The Bancorp Bank, effective November 3, 2025.
Bancorp Q3 EPS $1.18 beats prior year; cuts 2025 guidance to $5.10, initiates 2027 target $8.25
Q3 net income $54.9M ($1.18 diluted EPS) vs $51.5M ($1.04) in Q3 2024, EPS up 13%.
Bancorp Q2 EPS $1.27 beats year-ago; guides $5.25 for 2025, targets $7 run-rate by Q4 2026
Net income $59.8M ($1.27 EPS) vs $53.7M ($1.05 EPS) in Q2 2024, EPS up 21%.
Amended Master Services Agreement with Block to add Card Issuing Addendum for debit/prepaid cards for Cash App customers.
Bancorp boosts share repurchase program by $500M through 2026; plans debt refinancing
Board authorized $300M for Q3/Q4 2025 and $200M for 2026, total $500M through year-end 2026.
Bancorp’s $42.9M OREO apartment sale fails; retains $3M earnest money
Purchaser failed to close on May 30, 2025, or secure extension per amended agreement.
Bancorp Q1 EPS $1.19 (+12% YoY); reaffirms $5.25 FY2025 EPS, $150M buyback
Net income $57.2M ($1.19 diluted EPS) vs $56.4M ($1.06) YoY; EPS up 12% on lower share count.
Bancorp receives Nasdaq notice for late 10-K filing; delisting risk if not cured
Received Nasdaq deficiency notice on March 21, 2025 for failing to file 2024 10-K by March 3 deadline.
Non-reliance on previously issued 2024 annual report due to incomplete closing procedures for consumer fintech loan allowance.
Bancorp says 2022-2024 financials unreliable; auditors lacked consent
Financial statements for fiscal years 2022-2024 should no longer be relied upon due to missing final auditor approval.
Bancorp Q4 net income $55.9M, EPS $1.15 up 42% YoY; guides FY2025 EPS $5.25
Q4 net income $55.9M ($1.15 diluted EPS) vs $44.0M ($0.81) a year ago; EPS +42%.
On Jan 2, 2025, a $12.3 million classified non-accrual loan was repaid at par after sale of underlying collateral in Plainfield, NJ; no loss recognized.
Apartment complex REO balance $41.1M as of Dec 19, 2024; under sale agreement covering balance plus improvement costs.
Bancorp Q3 net income $51.5M, EPS $1.04; guides FY2025 EPS $5.25
Net income $51.5M ($1.04 EPS) vs $50.1M ($0.92) a year ago; net interest income up 5% to $93.7M.
The Bancorp Q2 EPS $1.05, raises 2024 guidance to $4.35/share
GAAP EPS $1.05, net income $53.7M vs $49.0M prior year (+18% EPS growth).
Bancorp Q1 EPS $1.06 beats year ago $0.88; raises quarterly buyback to $100M
Net income $56.4M ($1.06 diluted EPS), up from $49.1M ($0.88) Q1 2023.
Bancorp Q4 EPS $0.81 ($0.95 adjusted); guides 2024 EPS $4.25, plans $200M buyback
Net income Q4 $44M ($0.81 diluted); adjusted EPS $0.95 excluding $10M trust preferred charge.
Bancorp Q3 net income $50.1M ($0.92 EPS), initiates 2024 EPS guidance of $4.25; buyback increased 4x
Q3 net income $50.1M ($0.92 diluted EPS) vs $30.6M ($0.54) a year ago, up 70% YoY.
Bancorp Q2 net income $49M, EPS $0.89 (+68% YoY); reaffirms $3.60 FY guidance
Net income $49.0M ($0.89 diluted EPS) vs $30.4M ($0.53) in Q2 2022, a 68% EPS increase.
Bancorp extends long-term banking partnership with Chime Financial
Wholly-owned subsidiary The Bancorp Bank entered a long-term extension of its private label banking services agreement with Chime Financial.
Bancorp Q1 EPS $0.88, up 76% YoY; raises 2023 guidance to $3.60 from $3.20
Net income $49.1M ($0.88 diluted EPS) vs $29.0M ($0.50) in Q1 2022, up 76%.
Bancorp raises Q4 2022 GDV to $29.45B from $28.07B after client reporting delay
Q4 2022 GDV adjusted upward by $1.38B to $29.45B, a 19% increase year-over-year.
The Bancorp Q4 EPS $0.71, up 54% YoY; confirms 2023 EPS guidance $3.20
Q4 net income $40.2M ($0.71 diluted EPS) vs $27.0M ($0.46) in Q4 2021, a 54% EPS increase.
Bancorp Q3 EPS $0.54; issues 2023 preliminary EPS guidance of $3.20
Q3 2022 net income $30.6M ($0.54 diluted EPS) vs $28.3M ($0.48) in Q3 2021.
Bancorp settles SEC investigation, agrees to $1.75M penalty and cease-and-desist order
SEC investigation into CMBS record-keeping, reporting, and internal control violations resolved.
Bancorp updates 2022 EPS guidance to $2.25-$2.30; targets >$500M revenue and >22% ROE
Q2 YTD 2022 ROE 18%, ROA 1.7%, efficiency ratio 50%.
Bancorp Q2 EPS $0.53 beats $0.50 YoY; raises FY2022 guidance to $2.25-$2.30
Net income $30.4M ($0.53 diluted EPS) vs $29.4M ($0.50) in Q2 2021; pre-tax income $41.1M.
The Bancorp Q1 net income $29.0M ($0.50 EPS), up from $26.0M ($0.44); reaffirms FY22 guidance
Net income $29.0M ($0.50 diluted EPS) vs $26.0M ($0.44) in Q1 2021.
Bancorp Q4 net income $27M ($0.46 EPS); reaffirms 2022 guidance $2.15
Net income $27.0M vs $24.2M YoY; diluted EPS $0.46 vs $0.41.
On March 28, 2025, the Board of Directors (the “Board”) of the Company appointed Martin Egan, 57, the Company’s current Chief Accounting Officer, as the Company’s Interim Chief Financial Officer.
On March 28, 2025, Paul Frenkiel, 72, announced his retirement from his position as the Executive Vice President, Chief Financial Officer and Secretary of The Bancorp, Inc.
On November 10, 2024, the Board of Directors (the “Board”) of The Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, The Bancorp Bank, National Association, received notification from director Daniela A. Mielke of her resignation from the Board, effective immediately
On August 23, 2024, the Board of Directors (the “Board”) of The Bancorp, Inc. (the “Company”) appointed Todd J. Brockman as a director of the Board, effective October 1, 2024
director Michael J. Bradley’s notice of retirement and resignation, dated July 19, 2024, to be effective as of September 30, 2024
On July 19, 2024, the Board of Directors (the “Board”) of The Bancorp, Inc. (the “Company”) received notification from director Michael J. Bradley of his intention to retire and resign from his role as a director of the Board, effective September 30, 2024, thereby terminating as of that date his directorship and his role as Chair of the Audit Committee of the Board (the “Audit Committee”).
received notification from director Mei-Mei H. Tuan of her intention to resign from her role as a director of the Company, effective February 28, 2022, for personal reasons.
received notification from director Walter T. Beach of his intention to resign from his role as a director of the Company, effective December 31, 2021.
On October 20, 2021, the Board received notification from director Daniel G. Cohen of his plan to simultaneously retire from the Board and the Company effective October 31, 2021, thereby terminating his employment, his directorship and his role as Chairman of the Board.
Also on October 20, 2021, the Board received notification from director John C. Chrystal of his plan to resign from his role as a director of the Company, effective February 28, 2022.
The Company’s Board of Directors has appointed director James J. McEntee III to succeed Mr. Cohen as its new Chairman, effective November 1, 2021.
On October 20, 2021 the Board named Cheryl Creuzot as a director of the Company, to be effective on November 1, 2021.
Max materiality 0.90 · Median 0.65 · Most common event earnings