TBBK

MKT CAP:$2B

The Bancorp, Inc.

Market Cap

$2B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$58.49-$9.17 (-13.55%)

Apr 24, 2026

Company Details

The 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, mon...

CEO

Damian Kozlowski

IPO Date

Feb 3, 2004

Website

www.thebancorp.com

Key Metrics TTM

Revenue

$686M

-9.4% YoY

Net Income

$231M

EPS (Diluted)

$5.14

Free Cash Flow

$260M

Revenue / Share

$16.11

Gross Margin

57.6%

Operating Margin

33.2%

Net Margin

33.7%

FCF Margin

37.9%

P/S

3.6x

P/E

10.6x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$73M-67.5%EPS $1.41

FY 2025

Feb 25, 2026

$690M-2.8%EPS $4.92

Q4 2025

Feb 25, 2026

$170M-12.3%EPS $1.28

Q3 2025

Nov 10, 2025

$217M+26.3%EPS $1.18

Q2 2025

Aug 7, 2025

$227M+35.0%EPS $1.27

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$90M	$84M	$41M
Q3 22	$107M	$87M	$42M
Q4 22	$133M	$100M	$56M
Q1 23	$151M	$113M	$65M
Q2 23	$156M	$116M	$66M
Q3 23	$156M	$114M	$66M
Q4 23	$149M	$105M	$59M
Q1 24	$165M	$122M	$75M
Q2 24	$168M	$123M	$72M
Q3 24	$172M	$122M	$69M
Q4 24	$194M	$128M	$76M
Q1 25	$223M	$129M	$75M
Q2 25	$227M	$137M	$80M
Q3 25	$217M	$130M	$73M
Q4 25	$170M	$128M	$75M
Q1 26	$73M	$0	$0

Valuation

Quarter	P/S	P/E
Q2 22	7.3x	21.3x
Q3 22	6.8x	20.9x
Q4 22	6.0x	18.8x
Q1 23	5.1x	16.3x
Q2 23	4.5x	14.5x
Q3 23	4.1x	13.0x
Q4 23	4.0x	12.7x
Q1 24	3.9x	12.3x
Q2 24	3.8x	12.0x
Q3 24	3.7x	11.9x
Q4 24	3.5x	11.2x
Q1 25	3.2x	11.2x
Q2 25	3.0x	10.9x
Q3 25	2.8x	10.7x
Q4 25	2.9x	10.7x
Q1 26	3.6x	10.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$18M	$17M
Q2 22	$21M	$20M
Q3 22	$28M	$26M
Q4 22	$53M	$52M
Q1 23	$43M	$39M
Q2 23	$29M	$24M
Q3 23	$53M	$50M
Q4 23	$61M	$61M
Q1 24	$75M	$74M
Q2 24	$17M	$15M
Q3 24	$51M	$49M
Q4 24	$86M	$86M
Q1 25	$133M	$130M
Q2 25	$86M	$85M
Q3 25	$78M	$81M
Q4 25	-$32M	-$37M

Capital Expenditures

Quarter	CapEx
Q1 22	$1M
Q2 22	$1M
Q3 22	$2M
Q4 22	$639.0K
Q1 23	$4M
Q2 23	$6M
Q3 23	$3M
Q4 23	$320.0K
Q1 24	$2M
Q2 24	$2M
Q3 24	$2M
Q4 24	$607.0K
Q1 25	$2M
Q2 25	$881.0K
Q3 25	$3M
Q4 25	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+8.1%	+5.7%
Q3 22	+34.0%	+48.9%
Q4 22	+59.9%	+61.3%
Q1 23	+86.7%	+101.3%
Q2 23	+73.8%	+84.7%
Q3 23	+45.1%	+37.6%
Q4 23	+12.4%	+17.6%
Q1 24	+9.3%	+4.6%
Q2 24	+7.9%	+7.5%
Q3 24	+10.2%	+14.9%
Q4 24	+30.0%	+30.6%
Q1 25	+35.3%	+64.2%
Q2 25	+35.0%	+53.1%
Q3 25	+26.3%	+39.9%
Q4 25	-12.3%	-19.2%
Q1 26	-67.5%	-51.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	2.0%
Q2 22	$2M	2.0%
Q3 22	$2M	2.0%
Q4 22	$2M	1.5%
Q1 23	$3M	2.1%
Q2 23	$3M	1.8%
Q3 23	$3M	1.8%
Q4 23	$3M	1.8%
Q1 24	$3M	2.0%
Q2 24	$4M	2.3%
Q3 24	$4M	2.3%
Q4 24	$4M	2.0%
Q1 25	$5M	2.1%
Q2 25	$5M	2.3%
Q3 25	$5M	2.3%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q2 22	$29M
Q3 22	$31M
Q4 22	$31M
Q1 23	$33M
Q2 23	$36M
Q3 23	$34M
Q4 23	$31M
Q1 24	$34M
Q2 24	$38M
Q3 24	$38M
Q4 24	$38M
Q1 25	$38M
Q2 25	$38M
Q3 25	$41M
Q4 25	$34M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$343M	$827M	$1.2B
Q3 22	$723M	$791M	$1.5B
Q4 22	$888M	$766M	$1.7B
Q1 23	$787M	$787M	$1.6B
Q2 23	$881M	$776M	$1.7B
Q3 23	$903M	$757M	$1.7B
Q4 23	$1.0B	$748M	$1.8B
Q1 24	$1.3B	$718M	$2.0B
Q2 24	$406M	$1.6B	$2.0B
Q3 24	$56M	$1.6B	$1.6B
Q4 24	$570M	$51M	$621M
Q1 25	$1.0B	$48M	$1.1B
Q2 25	$340M	$1.5B	$1.8B
Q3 25	$85M	$14M	$99M
Q4 25	$8M	$1.7B	$1.7B
Q1 26	$9M	$1.6B	$1.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	57M	-1.1%	-2.7%
Q3 22	57M	-0.8%	-2.8%
Q4 22	57M	-0.7%	-3.1%
Q1 23	56M	-1.0%	-3.5%
Q2 23	55M	-1.4%	-3.8%
Q3 23	55M	-1.0%	-4.0%
Q4 23	54M	-1.0%	-4.2%
Q1 24	53M	-1.6%	-4.9%
Q2 24	51M	-3.7%	-7.1%
Q3 24	49M	-3.6%	-9.6%
Q4 24	49M	-1.7%	-10.3%
Q1 25	48M	-1.4%	-10.1%
Q2 25	48M	-0.8%	-7.3%
Q3 25	47M	-0.7%	-4.6%
Q4 25	44M	-6.6%	-9.4%
Q1 26	43M	-3.4%	-11.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$137.8K	650
Q3 22	$165.1K	650
Q4 22	$185.0K	717
Q1 23	$210.8K	717
Q2 23	$217.1K	717
Q3 23	$217.3K	717
Q4 23	$196.9K	757
Q1 24	$218.2K	757
Q2 24	$222.0K	757
Q3 24	$226.8K	757
Q4 24	$251.3K	771
Q1 25	$289.8K	771
Q2 25	$294.3K	771
Q3 25	$281.2K	771
Q4 25	$231.7K	733
Q1 26	$98.9K	733

Revenue / Employee