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what it is
The Bancorp runs banking and payments infrastructure for fintechs, businesses, and lenders across the U.S.
how it gets paid
Last year The Bancorp made $551M in revenue. fintech payments was the main engine at $209M, or 38% of sales.
growth snapshot
Revenue was roughly flat last year at $551M. $4.29 matters most because it is the full-year earnings power you are buying.
what just happened
Fourth-quarter EPS hit $1.15, pushing full-year EPS to $4.29 from $3.49 in 2023.
At a glance
B+ balance sheet — decent shape, but not bulletproof
55/100 earnings predictability — expect surprises
14.5x trailing p/e — the market's not buying it — or you found a deal
$4.29 fy2024 eps est
$6M fy2024 rev est
xvary composite: 57/100 — below average
What they do
The Bancorp runs banking and payments infrastructure for fintechs, businesses, and lenders across the U.S.
This is a bank with 771 employees serving non-bank financial firms up to Fortune 500 clients. That matters because your average community bank is local, while The Bancorp sells banking rails nationally. The stickiness is simple: once a partner builds cards, payments, and deposits into your product, switching banks means rebuilding core plumbing.
How they make money
$551M
annual revenue · their business grew -0.0% last year
fintech payments
$209M
specialty lending
$154M
institutional banking
$88M
prepaid and payroll cards
$61M
health savings and deposit services
$39M
The products that matter
niche commercial lending
Specialty Finance
$287.99M · 52.3% of revenue
it's the biggest piece of the business at $287.99M and grew 26.19%. that's where most of the money shows up, which is why concerns about lending profitability matter more than the fintech narrative.
largest segment
payments and program banking
Fintech Solutions
$167.8M · +17% growth
this $167.8M segment is 30.5% of revenue. it's the part investors want to scale because a fee-heavy model usually deserves a better multiple than a plain lender.
pivot case
capital and balance sheet management
Corporate & Other
$95.36M · 17.2% of revenue
this segment brought in $95.36M and sits behind capital decisions, including the new $200M repurchase authorization for 2026. when a company buys back this much stock, treasury decisions stop being background noise.
capital return
Key numbers
14.5x
trailing p/e
P/E → price-to-earnings ratio → so what: you are paying 14.5 years of trailing profits for a company that grew EPS from $2.27 in 2022 to $4.29 in 2024.
$4.29
2024 eps
EPS → profit per share → so what: profit nearly doubled from $2.27 in 2022 to $4.29 in 2024.
$551M
ttm revenue
Revenue was flat vs. prior year, which tells you earnings strength is coming more from mix and execution than from top-line growth.
$110M
long-term debt
Long-term debt is only 5% of capital, which means the balance sheet is carrying far less leverage than many lenders your stock is compared with.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 25 / 100
- long-term debt $110M (5% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for TBBK right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Fourth-quarter EPS hit $1.15, pushing full-year EPS to $4.29 from $3.49 in 2023.
The weird part is revenue was basically flat at $551M for the year, while earnings kept climbing. Revenue growth slowed, but profit per share still rose 23% vs. prior year.
$419M
latest-quarter revenue
$1.15
q4 eps
$4.29
fy2024 eps
the number that mattered
$4.29 matters most because it is the full-year earnings power you are buying, and it sits above the $3.69 trailing EPS figure on consensus data.
source: company earnings report, 2026
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What could go wrong
the #1 risk is the securities fraud class action hanging over a bank trying to sell a cleaner fintech story.
high
securities fraud class action
The lawsuit's dollar impact is still unquantified. That is exactly why it matters. Legal expense, management distraction, and headline risk can all pressure a company with a $2B market cap.
You cannot model the final bill yet, but you can model the overhang: this stays on the stock until it is resolved.
med
specialty finance still drives the bus
Specialty finance is $287.99M of revenue, or 52.3% of the total. If lending profitability weakens, the fintech framing will not save the numbers because the lending book is still the main event.
More than half of revenue is exposed to the segment investors worry about most.
med
buybacks may be doing too much of the storytelling
Retiring 30% of shares for $785M is real shareholder return. It also means per-share metrics can look cleaner than the operating story underneath. When revenue misses, that distinction matters.
If the business slows, the market stops rewarding the capital return machine and starts asking harder quality-of-earnings questions.
low
fintech pivot execution risk
Fintech solutions generated $167.8M and grew 17%. Good, but still smaller than specialty finance. If this segment stops scaling, the stock keeps trading like a niche bank with extra complexity.
The premium part of the story weakens fast if the growth segment stays the smaller segment.
A 43.37% profit margin and 30.85% return on equity buy the company some patience. The lawsuit, the lending exposure, and the reliance on buybacks mean you should not confuse patience with safety.
source: institutional data · regulatory filings · risk analysis
Pay attention to
legal
class action developments
Any settlement, dismissal, or damaging filing matters. This is the fastest way the overhang gets smaller — or more expensive.
earnings
q1 2026 report
Next earnings are expected on April 23, 2026. You want to see whether revenue execution catches up to the EPS story.
segment mix
fintech versus specialty finance growth
Fintech grew 17%. Specialty finance grew 26.19%. If the "fintech bank" narrative is real, that gap should not keep widening in lending's favor.
capital
$200M buyback pace
The board approved another $200M for 2026. Watch whether management keeps shrinking the share count faster than the business grows.
Analyst rankings
earnings predictability
55 / 100
in human-speak, analysts do not see this as a smooth, easy-to-forecast bank.
balance sheet strength
B+
Good enough that survival is not the story. Not strong enough that you can ignore execution mistakes.
price stability
25 / 100
This stock moves. If you own it, you are signing up for a bumpier ride than the average defensive bank investor wants.
source: institutional data
Institutional activity
institutional ownership data for TBBK is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$70
current price
n/a
target midpoint · n/a from current
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