The Bancorp, Inc. Reports First Quarter Financial Results
The Bancorp, Inc. (TBBK)
Last the bancorp, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
investors.thebancorp.com
Company Research
Source: Business Wire
WILMINGTON, Del.--(BUSINESS WIRE)--The Bancorp, Inc. (“The Bancorp” or “the Company” or “we” or “our”) (NASDAQ: TBBK), a financial holding company, today reported financial results for the first quarter of 2024.Recent DevelopmentsThe Bancorp has increased its share repurchase authorization for the second quarter of 2024 from $50.0 million to $100.0 million.In April 2024, the Company began purchasing additional fixed rate agency backed commercial and residential mortgage securities of varying maturities, with an approximate 5.11% weighted average yield, and estimated weighted average lives of eight years, to reduce its exposure to lower levels of net interest income, should the Federal Reserve begin decreasing rates. Such purchases would also reduce the additional net interest income which would result should the Federal Reserve increase rates. Through April 26, 2024, the Company purchased approximately $900 million of such securities. While there are many variables and limitations
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TBBK
News
- Lowey Dannenberg, P.C. is Investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $50,000 in Losses to Contact the FirmGlobeNewswire
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- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against The Bancorp, Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- The Bancorp, Inc. (NASDAQ:TBBK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
TBBK
Earnings
- 4/25/24 - In-Line
TBBK
Sec Filings
- 5/3/24 - Form 144
- 5/2/24 - Form 4/A
- 5/2/24 - Form 4
- TBBK's page on the SEC website