Logo

TBBK

The Bancorp, Inc.

TBBK

The Bancorp, Inc. • NASDAQ
$64.07 ▼ -0.16% (-0.10)
Market Cap $3.00 B
52w High $81.65
52w Low $40.51
Dividend Yield 0%
P/E 13.4
Volume 147.26K
Outstanding Shares 46.87M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $216.81M ▼ $56.404M ▼ $54.927M ▼ 25.334% ▼ $1.2 ▼ $74.307M ▼
Q2-2025 $226.891M ▲ $57.223M ▲ $59.821M ▲ 26.366% ▲ $1.28 ▲ $80.774M ▲
Q1-2025 $223.444M ▲ $53.294M ▲ $57.173M ▲ 25.587% ▼ $1.21 ▲ $76.342M ▼
Q4-2024 $193.734M ▲ $51.812M ▼ $55.908M ▲ 28.858% ▼ $1.17 ▲ $77.52M ▲
Q3-2024 $171.709M $53.255M $51.517M 30.003% $1.06 $69.878M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $98.65M ▼ $8.599B ▼ $7.821B ▼ $778.162M ▼
Q2-2025 $1.822B ▲ $8.839B ▼ $7.979B ▼ $860.266M ▲
Q1-2025 $1.069B ▲ $9.386B ▲ $8.556B ▲ $829.687M ▲
Q4-2024 $620.773M ▼ $8.728B ▲ $7.938B ▲ $789.783M ▼
Q3-2024 $1.644B $8.095B $7.279B $815.326M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $54.927M ▼ $78.217M ▼ $-48.93M ▲ $-284.873M ▲ $-255.586M ▲ $81.245M ▼
Q2-2025 $59.821M ▲ $85.916M ▼ $-130.407M ▲ $-636.513M ▼ $-681.004M ▼ $85.035M ▼
Q1-2025 $57.173M ▲ $132.5M ▲ $-262.233M ▼ $580.879M ▼ $451.146M ▼ $130.353M ▲
Q4-2024 $55.908M ▲ $86.183M ▲ $-206.619M ▲ $634.794M ▲ $514.358M ▲ $85.576M ▲
Q3-2024 $51.517M $51.221M $-255.615M $-145.435M $-349.829M $49.171M

Five-Year Company Overview

Income Statement

Income Statement The Bancorp has shown steady, meaningful growth in both revenue and profits over the past five years. Earnings have risen faster than revenue, which suggests the business is scaling well and becoming more efficient as it grows. Profit margins look healthy for a niche bank, with a solid gap between revenue and expenses, and that gap has widened over time. The pattern points to a business model that is not just growing, but doing so in a disciplined, profitable way. The main watchpoints are how dependent this performance is on a relatively small group of fast‑growing fintech clients and the broader interest rate environment, which can affect banking income.

Balance Sheet

Balance Sheet The balance sheet has expanded over time, with total assets and shareholder equity both rising, which is typical of a growing bank. Debt levels appear modest relative to equity, suggesting a conservative use of borrowing. Cash and liquid resources have moved around from year to year but remain meaningful, implying reasonable flexibility to support operations and growth. Overall, the company looks soundly capitalized for its size, but, as with any bank, asset quality, the mix of loans, and the stability of deposits are key areas to monitor beyond the headline figures.

Cash Flow

Cash Flow Cash generation from the core business has been consistently positive and has grown alongside earnings, which supports the quality of reported profits. Free cash flow closely tracks operating cash flow because the company spends relatively little on physical capital, reflecting its technology‑heavy, asset‑light model. This pattern gives The Bancorp room to reinvest in technology, support growth in its lending and payments platforms, and return capital when it chooses. The main uncertainty is that cash flows, while solid, are tied to the health and transaction volumes of its fintech partners and to broader credit conditions.

Competitive Edge

Competitive Edge The Bancorp occupies a specialized role as a behind‑the‑scenes bank for fintechs rather than a traditional consumer bank. Its Banking‑as‑a‑Service platform, deep payments capabilities, and regulatory know‑how create meaningful barriers to entry. Long‑standing relationships with large fintech names and tight integration into their systems make it inconvenient and risky for those clients to switch providers, which strengthens The Bancorp’s position. Its access to low‑cost deposits through these partners is another advantage. The flip side is concentration risk: heavy exposure to a relatively small number of tech‑driven partners and ongoing regulatory scrutiny of the BaaS model could pressure its business if conditions change.

Innovation and R&D

Innovation and R&D Innovation is a core part of The Bancorp’s strategy, even if it does not show up as a classic “R&D” line item. The company has built proprietary platforms for payments and loan automation, offers modern APIs for real‑time money movement, and uses automation and robotics to handle large transaction volumes efficiently. Its TALEA loan platform and focus on embedded finance position it well in niches like fintech cards, SBA lending, securities‑backed credit, and fleet leasing. The long‑term “APEX 2030” plan, push into AI‑enabled efficiency, and expanding partnerships (such as with major digital wallets and payment apps) signal a commitment to staying technologically relevant. Execution risk remains: keeping up with rapid fintech change and regulatory expectations will require ongoing investment and careful risk management.

Summary

Overall, The Bancorp looks like a focused, technology‑driven niche bank that has grown its revenue, earnings, and cash flows at a healthy pace while keeping its balance sheet relatively conservative. Its strength comes from being an infrastructure provider to leading fintechs, backed by custom technology, regulatory expertise, and high switching costs. That niche supports strong profitability but also creates dependencies on a concentrated set of partners, the regulatory treatment of Banking‑as‑a‑Service, and the health of digital finance more broadly. The story is one of a scaled, profitable platform with clear growth ambitions, balanced by the need to manage concentration, regulatory, and technology execution risks carefully over time.

NEWS

November 26, 2025 · 4:39 PM UTC

Mechanics Bancorp Declares Cash Dividend

Read more

November 24, 2025 · 4:35 PM UTC

Farmers & Merchants Bancorp (FMCB) Announces Amended Record Date for Fourth Quarter Dividend

Read more

November 24, 2025 · 2:00 PM UTC

Shareholder Alert: The Ademi Firm investigates whether Blue Foundry Bancorp is obtaining a Fair Price for its Public Shareholders

Read more

November 24, 2025 · 12:03 PM UTC

Zions Bancorp Investigation: Johnson Fistel, PLLP Launches Investigation on Behalf of Zions Bancorp Shareholders

Read more

November 24, 2025 · 11:54 AM UTC

Third Century Bancorp Announces Dividend

Read more