THE BANCORP, INC.
In the published model solve dated 2026-Q2, anchored at $50.58, THE BANCORP, INC. (TBBK) is priced for today's economics sustained for ~11.1 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• The Bancorp is the regulated chassis under consumer fintech apps, sponsoring ⟦deposit accounts and debit, credit, and prepaid cards⟧ plus payments processing for partners [FY2025 10-K, accession 0001295401-26-000002], and it earns a roughly 33% return on equity, with guidance of $5.90 FY2026 EPS and a preliminary $8.25 for FY2027. • The biggest risk is concentration: the top three partner relationships carry a large share of deposits, real estate bridge loans are 31% of the loan book, and the
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269 institutional managers reported holding TBBK in 13F filings for the quarter ended 2026-03-31. 46 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 3.5M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (9.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TBBK has cut its share count 26.4% over the past five years, spending $860.98M on repurchases. It pays no dividend. Cash returned over the past three years: $730.98M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at TBBK over the trailing three years: 2023: 12 buys totaling $1.06M; 2024: 31 buys totaling $1.88M; 2025: 13 buys totaling $833k; 2026: 10 buys totaling $659k. 24 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TBBK's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | -5.1% | -10.6% |
| 2023-11-10 | +7.7% | +2.5% |
| 2024-03-01 | +5.8% | -27.6% |
| 2024-05-11 | -8.4% | +30.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TBBK's latest 8-K filings: 2026-09-04 (items 2.05, 5.02, 7.01, 9.01); 2026-08-03 (items 7.01, 9.01); 2026-07-30 (items 2.02, 7.01, 9.01); 2026-06-01 (items 5.07); 2026-04-23 (items 2.02, 7.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.