A Business at a Glance
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The Bancorp, Inc. (the “Company,” “we,” “us,” “our” or “the holding company”) is a Delaware financial holding company and our primary, wholly-owned subsidiary is The Bancorp Bank, National Association (the “Bank”). The Bank is a federally chartered commercial bank located in Sioux Falls, South Dakota and is a Federal Deposit Insurance Corporation (“FDIC”) insured institution. The vast majority of our revenue and income is generated through the Bank. As described more fully below, our business strategy is focused on Fintech Solutions, including program sponsorship, payment services, and sponsored lending. We expect our fintech business to generate non-interest income and attract stable, lower cost deposits which we then seek to deploy into lower risk assets in specialized markets through the specialty lending activities of our Credit Solutions business. An overview of our operations follows, including discussion of Fintech Solutions, Credit Solutions, and Other Operations.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 880M | 880M | 709M | 622M | 414M | 327M |
| Net Income | 228M | 228M | 218M | 192M | 130M | 111M |
| EPS | $4.92 | $4.92 | $4.29 | $3.49 | $2.27 | $1.88 |
| Free Cash Flow | 258M | 258M | 205M | 174M | 114M | 82M |
| ROIC | 29.4% | 30.5% | 26.4% | 24.8% | 18.7% | 16.8% |
| Gross Margin | 59.8% | 59.8% | 69.9% | 72.0% | 83.9% | 95.6% |
| Debt/Equity | 0.29 | 0.29 | 0.12 | 0.12 | 0.14 | 0.15 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 303M | 303M | 292M | 257M | 178M | 144M |
| Operating Margin | 34.4% | 34.4% | 41.2% | 41.3% | 43.0% | 44.1% |
| ROE | 33.1% | 30.8% | 27.2% | 25.6% | 19.3% | 17.9% |
| Shares Outstanding | 46M | 46M | 51M | 55M | 57M | 59M |
Bancorp, Inc. passes 8 of 9 quality checks, indicating strong fundamentals.
Bancorp, Inc. trades at 12.1x trailing earnings, compared to its 15-year median P/E of 12.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 9.7x vs a median of 12.6x. The company's 5-year average ROIC is 23.4% with a gross margin of 76.2%. Total shareholder yield (buybacks) is 13.7%. At current prices, the estimated annualized return to fair value is +25.3%.
Bancorp, Inc. (TBBK) has a current P/E ratio of 12.1, compared to its historical median P/E of 12.5. The stock is currently considered Fair based on its historical valuation range.
Bancorp, Inc. (TBBK) has a 5-year average return on invested capital (ROIC) of 23.4%. This indicates strong capital allocation and a potential competitive advantage.
Bancorp, Inc. (TBBK) has a market capitalization of $2.8B. It is classified as a mid-cap stock.
Bancorp, Inc. (TBBK) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 13.70%.
Based on historical P/E analysis, Bancorp, Inc. (TBBK) appears fair. The current P/E of 12.1 is 3% below its historical median of 12.5. The estimated fair value CAGR (P/E method) is 27.4%.
Bancorp, Inc. (TBBK) operates in the National Commercial Banks industry, within the Financials sector.
Bancorp, Inc. (TBBK) reported annual revenue of $880 million in its most recent fiscal year, based on SEC EDGAR filings.
Bancorp, Inc. (TBBK) has a net profit margin of 25.9%. This is a strong margin indicating high profitability.
Bancorp, Inc. (TBBK) generated $258 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Bancorp, Inc. (TBBK) has a debt-to-equity ratio of 0.29. This indicates a conservatively financed balance sheet.
Bancorp, Inc. (TBBK) reported earnings per share (EPS) of $4.92 in its most recent fiscal year.
Bancorp, Inc. (TBBK) has a return on equity (ROE) of 30.8%. This indicates the company generates strong returns for shareholders.
Bancorp, Inc. (TBBK) has a 5-year average gross margin of 76.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for Bancorp, Inc. (TBBK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Bancorp, Inc. (TBBK) has a book value per share of $14.87, based on its most recent annual SEC filing.