The Bancorp, Inc. (TBBK) 10-Year Financial Performance & Capital Metrics

TBBK • • Banking & Credit

Financial ServicesRegional BanksDigital & Specialized BankingDigital Banking Platforms

AboutThe Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, and commercial accounts; and prepaid and debit cards. It also provides securities-backed lines of credit and insurance policy cash value-backed lines of credit; institutional banking services; vehicle fleet, other equipment leasing, and commercial fleet leasing services consist of commercial vehicles, including trucks and special purpose vehicles, and equipment; and real estate bridge lending, as well as small business administration, commercial mortgage-backed, and commercial real estate loans. The company offers private label banking; credit and debit card payment processing services for independent service organizations; and internet banking services. The Bancorp, Inc. was incorporated in 1999 and is headquartered in Wilmington, Delaware.Show more

Net Interest Income $376M +6.3%
Total Revenue $710M +16.1%
Net Income $218M +13.1%
Return on Equity 27.24% +6.3%
Net Interest Margin 4.31% -6.2%
Efficiency Ratio 28.62% -8.4%
ROA 2.65% +7.5%
Equity / Assets 9.05% -13.6%
Book Value per Share 15.57 +6.2%
Tangible BV/Share 15.55 +6.3%
Debt/Equity 0.16 -14.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 24.1%
✓Strong 5Y profit CAGR of 33.4%
✓Strong Piotroski F-Score: 7/9
✓Strong NIM of 4.3%
✓Efficient operations: 28.6% efficiency ratio
✓Share count reduced 7.9% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y16.38%

5Y20.14%

3Y29.51%

TTM-

Profit (Net Income) CAGR

10Y14.31%

5Y33.37%

3Y25.27%

TTM10.78%

EPS CAGR

10Y-

5Y36.66%

3Y31.65%

TTM20.96%

ROCE

10Y Avg14.17%

5Y Avg21.81%

3Y Avg25.55%

Latest29.12%

Peer Comparison

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Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GWREGuidewire Software, Inc.	14.53B	170.85	210.93	22.64%	7.23%	6%	2.03%	0.49
DAVEDave Inc.	2.26B	185.46	44.26	33.96%	29.87%	50.37%	5.52%	0.41
INTUIntuit Inc.	157.67B	566.60	41.45	15.63%	21.19%	21.31%	3.86%	0.34
CCBCoastal Financial Corporation	1.71B	113.33	34.87	30.92%	7.84%	10.04%	14.58%	0.12
SPNSSapiens International Corporation N.V.	2.43B	43.45	33.68	5.4%	11.4%	12.2%	2.97%	0.13
SSNCSS&C Technologies Holdings, Inc.	21B	86.04	28.68	6.89%	13.86%	12.2%	6.32%	1.09
TBBKThe Bancorp, Inc.	3.06B	69.76	16.26	16.11%	30.63%	29.28%	7.27%	0.16
CWANClearwater Analytics Holdings, Inc.	6.97B	24.14	14.37	22.72%	61.25%	19.6%	0.99%	0.07

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	69.93M	89.97M	106.68M	120.85M	141.29M	194.87M	210.88M	248.84M	354.05M	376.24M
NII Growth %	0.18%	0.29%	0.19%	0.13%	0.17%	0.38%	0.08%	0.18%	0.42%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	83.53M	102.22M	122.02M	147.96M	179.57M	210.78M	222.12M	308.37M	509.51M	551.59M
Interest Expense	13.6M	12.25M	15.34M	27.11M	38.28M	15.92M	11.24M	59.53M	155.46M	175.35M
Loan Loss Provision	2.1M	3.36M	2.92M	3.58M	4.4M	6.35M	3.11M	7.03M	8.33M	39.37M
Non-Interest Income+	133.07M	42.49M	94.98M	153.79M	104.13M	84.62M	104.75M	105.61M	102.09M	158.51M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	216.6M	144.71M	217M	301.75M	283.7M	295.4M	326.86M	413.98M	611.6M	710.11M
Revenue Growth %	0.39%	-0.33%	0.5%	0.39%	-0.06%	0.04%	0.11%	0.27%	0.48%	0.16%
Non-Interest Expense	194.09M	198.57M	158.35M	151.28M	168.52M	164.85M	168.35M	169.5M	191.04M	203.22M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	6.81M	-69.48M	40.39M	119.78M	72.49M	108.28M	144.16M	177.91M	256.77M	292.16M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.07%	-11.2%	1.58%	1.97%	-0.39%	0.49%	0.33%	0.23%	0.44%	0.14%
Pretax Income+	6.81M	-69.48M	40.39M	119.78M	72.49M	108.28M	144.16M	177.91M	256.77M	292.16M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.45M	-12.66M	23.06M	32.24M	21.23M	27.69M	33.72M	47.7M	64.48M	74.62M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	13.43M	-96.49M	21.67M	88.68M	51.56M	80.08M	110.65M	130.21M	192.3M	217.54M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.76%	-8.18%	1.22%	3.09%	-0.42%	0.55%	0.38%	0.18%	0.48%	0.13%
Net Income (Continuing)	5.36M	-56.82M	17.34M	87.54M	51.27M	80.6M	110.44M	130.21M	192.3M	217.54M
EPS (Diluted)+	0.38	-2.17	0.39	1.55	0.90	1.37	1.88	2.27	3.49	4.29
EPS Growth %	1.78%	-6.71%	1.18%	2.97%	-0.42%	0.52%	0.37%	0.21%	0.54%	0.23%
EPS (Basic)	0.38	-2.17	0.39	1.57	0.91	1.39	1.93	2.30	3.53	4.35
Diluted Shares Outstanding	37.86M	44.78M	56.18M	57.07M	57.34M	58.41M	58.83M	57.27M	55.05M	50.71M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	1.16B	959.86M	844.62M	554.3M	944.47M	345.51M	601.78M	888.19M	1.04B	570.12M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	3.26B	3.36B	3.27B	3.36B	4.14B	5.34B	5.54B	6.19B	5.73B	7.09B
Investments Growth %	-0.09%	0.03%	-0.03%	0.03%	0.23%	0.29%	0.04%	0.12%	-0.07%	0.24%
Long-Term Investments	2.19B	2.11B	1.98B	2.13B	2.82B	4.13B	4.59B	5.42B	4.98B	7.04B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	263K	263K	263K	263K	263K
Intangible Assets	4.93M	6.91M	5.38M	3.85M	2.31M	2.58M	2.18M	1.79M	1.39M	991K
PP&E (Net)	21.63M	24.13M	20.05M	18.89M	17.54M	17.61M	16.16M	18.4M	27.47M	27.57M
Other Assets	48.69M	91.53M	144.3M	66.84M	87.04M	82.5M	117.5M	123.02M	165.67M	273.26M
Total Current Assets	2.47B	2.57B	2.53B	2.2B	2.71B	2.03B	2.1B	2.32B	2.51B	1.36B
Total Non-Current Assets	2.3B	2.29B	2.18B	2.24B	2.94B	4.24B	4.74B	5.58B	5.2B	7.36B
Total Assets+	4.77B	4.84B	4.71B	4.45B	5.66B	6.28B	6.84B	7.9B	7.71B	8.73B
Asset Growth %	-0.05%	0.02%	-0.03%	-0.05%	0.27%	0.11%	0.09%	0.15%	-0.02%	0.13%
Return on Assets (ROA)	0%	-0.02%	0%	0.02%	0.01%	0.01%	0.02%	0.02%	0.02%	0.03%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	14.33M	276.5M	55.72M	55.08M	54.39M	151.99M	151.6M	122.48M	147.82M	123.7M
Net Debt	-1.14B	-683.09M	-788.68M	-499.13M	-890M	-193.48M	-450.14M	-765.67M	-890.23M	-446.43M
Long-Term Debt	13.4M	276.5M	55.72M	55.08M	54.39M	151.99M	151.6M	122.48M	147.82M	123.7M
Short-Term Debt	925K	274K	217K	93K	82K	42K	42K	42K	42K	0
Other Liabilities	16.74M	44.07M	67.22M	40.25M	65.96M	81.58M	62.23M	56.34M	69.64M	68.02M
Total Current Liabilities	4.42B	4.24B	4.26B	3.94B	5.05B	5.46B	5.98B	7.03B	6.68B	7.75B
Total Non-Current Liabilities	30.14M	320.57M	122.94M	95.33M	120.35M	233.57M	213.83M	178.81M	217.46M	191.71M
Total Liabilities	4.45B	4.56B	4.38B	4.05B	5.17B	5.7B	6.19B	7.21B	6.9B	7.94B
Total Equity+	320.95M	298.69M	324.15M	406.78M	484.5M	581.16M	652.45M	694.03M	807.28M	789.78M
Equity Growth %	0.01%	-0.07%	0.09%	0.25%	0.19%	0.2%	0.12%	0.06%	0.16%	-0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.04%	-0.31%	0.07%	0.24%	0.12%	0.15%	0.18%	0.19%	0.26%	0.27%
Book Value per Share	8.48	6.67	5.77	7.13	8.45	9.95	11.09	12.12	14.66	15.57
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	37.86M	55.42M	55.86M	56.45M	56.94M	57.65M	57.37M	55.69M	53.2M	47.71M
Additional Paid-in Capital	300.55M	360.56M	363.2M	366.18M	371.63M	378.22M	349.69M	299.28M	212.43M	3.23M
Retained Earnings	-15.45M	-111.94M	-89.48M	-817K	50.74M	128.45M	239.11M	369.32M	561.62M	779.15M
Accumulated OCI	-2.09M	-4.21M	-4.56M	-14.17M	6.05M	17.71M	6.29M	-30.26M	-19.97M	-17.64M
Treasury Stock	-866K	-866K	-866K	-866K	-866K	-866K	0	0	0	-22.68M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-234.88M	-161.97M	-28.09M	-173.96M	66.88M	120.69M	83.89M	119.61M	186.72M	227.65M
Operating CF Growth %	-3.7%	0.31%	0.83%	-5.19%	1.38%	0.8%	-0.3%	0.43%	0.56%	0.22%
Net Income	13.43M	-96.49M	21.67M	88.68M	51.56M	80.08M	110.65M	130.21M	192.3M	217.54M
Depreciation & Amortization	5.93M	6.38M	5.98M	5.53M	5.23M	3.76M	3.3M	2.9M	3.07M	4.55M
Deferred Taxes	84K	-14.38M	20.8M	15.82M	1.61M	-1.35M	1.4M	5.87M	-5.68M	2.32M
Other Non-Cash Items	-269.89M	-78.46M	-69.81M	-286.25M	3.17M	26.76M	-7.25M	-4.72M	16.62M	19.68M
Working Capital Changes	13.58M	18.22M	-9.98M	-1.19M	-368K	5M	-32.84M	-22.25M	-30.99M	-31.42M
Cash from Investing+	501.32M	-154.94M	-84.31M	84.66M	-793.27M	-1.23B	-305.9M	-826.73M	415.55M	-1.51B
Purchase of Investments	-346.23M	-549.5M	-579.92M	-134.76M	-157.48M	-34.66M	-259.06M	-24.18M	-48.99M	-991.22M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	-3.92M	0	0	0	0
Other Investing	106.6M	40.6M	-73.54M	8.37M	-827.9M	-1.43B	-544.91M	-958.52M	406.15M	-754.85M
Cash from Financing+	-225.52M	160.81M	22.28M	-265.14M	1.12B	509.02M	478.28M	993.52M	-452.37M	812.74M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	-40M	-60M	-100M	-252.35M
Stock Issued	0	74.81M	-200K	112K	258K	866K	3.43M	320K	104K	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0	1000K	0	0	-1000K	-42K
Other Financing	-225.52M	0	22.28M	-265.14M	1.12B	409.99M	514.85M	1.05B	-349.2M	1.07B
Net Change in Cash+	40.93M	-156.1M	-90.12M	-354.63M	390.17M	-598.96M	256.27M	286.4M	149.9M	-467.97M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	1.11B	1.16B	999.06M	908.93M	554.3M	944.47M	345.51M	601.78M	888.19M	1.04B
Cash at End	1.16B	999.06M	908.93M	554.3M	944.47M	345.51M	601.78M	888.19M	1.04B	570.12M
Interest Paid	13.4M	12.42M	15.33M	27.02M	37.53M	13.31M	11.71M	57.6M	156.27M	173.8M
Income Taxes Paid	592K	1.5M	4.16M	12.66M	20.68M	23.04M	44.34M	37.79M	82.55M	80.83M
Free Cash Flow+	-243.88M	-170M	-28.61M	-176.34M	64.87M	116.95M	82.34M	114.48M	174.03M	222.68M
FCF Growth %	-3.31%	0.3%	0.83%	-5.16%	1.37%	0.8%	-0.3%	0.39%	0.52%	0.28%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.2%	-31.14%	6.96%	24.26%	11.57%	15.03%	17.94%	19.34%	25.62%	27.24%
Return on Assets (ROA)	0.27%	-2.01%	0.45%	1.94%	1.02%	1.34%	1.69%	1.77%	2.46%	2.65%
Net Interest Margin	1.47%	1.86%	2.27%	2.71%	2.5%	3.1%	3.08%	3.15%	4.59%	4.31%
Efficiency Ratio	89.61%	137.23%	72.97%	50.13%	59.4%	55.8%	51.5%	40.94%	31.24%	28.62%
Equity / Assets	6.73%	6.17%	6.88%	9.13%	8.56%	9.26%	9.53%	8.78%	10.48%	9.05%
Book Value / Share	8.48	6.67	5.77	7.13	8.45	9.95	11.09	12.12	14.66	15.57
NII Growth	17.68%	28.65%	18.58%	13.28%	16.91%	37.92%	8.22%	18%	42.28%	6.27%

Frequently Asked Questions

Valuation & Price

The Bancorp, Inc. (TBBK) has a price-to-earnings (P/E) ratio of 16.3x. This is roughly in line with market averages.

Growth & Financials

The Bancorp, Inc. (TBBK) grew revenue by 16.1% over the past year. This is strong growth.

Yes, The Bancorp, Inc. (TBBK) is profitable, generating $227.8M in net income for fiscal year 2024 (30.6% net margin).

Dividend & Returns

The Bancorp, Inc. (TBBK) has a return on equity (ROE) of 27.2%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

The Bancorp, Inc. (TBBK) has a net interest margin (NIM) of 4.3%. This indicates healthy earnings from lending activities.

The Bancorp, Inc. (TBBK) has an efficiency ratio of 28.6%. This is excellent, indicating strong cost control.

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