Financial Snapshot

Revenue
$412.8M
TTM
Gross Margin
Net Earnings
$205.7M
TTM
Current Assets
Current Liabilities
$135.0M
Q3 2024
Current Ratio
Total Assets
$8.095B
Q3 2024
Total Liabilities
$7.279B
Q3 2024
Book Value
$815.3M
Q3 2024
Cash
Q3 2024
P/E
13.47
Nov 29, 2024 EST
Free Cash Flow
$200.0M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Revenue $509.5M $308.3M $222.1M $210.8M $179.6M $148.0M $122.0M $102.2M
YoY Change 65.27% 38.8% 5.38% 17.38% 21.36% 21.26% 19.37%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Revenue $509.5M $308.3M $222.1M $210.8M $179.6M $148.0M $122.0M $102.2M
Cost Of Revenue $81.00K $117.0K $170.0K $1.044M
Gross Profit $179.5M $147.8M $121.9M $101.2M
Gross Profit Margin 99.95% 99.92% 99.86% 98.98%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $1.373M $1.793M $1.982M
YoY Change -23.42% -9.54%
% of Gross Profit 0.93% 1.47% 1.96%
Depreciation & Amortization $3.100M $2.900M $2.900M $3.200M $3.700M $4.000M $4.500M $5.000M $5.930M $5.730M $4.840M $4.430M $4.030M $4.070M $3.880M $3.480M $1.640M $2.000M $910.0K $820.0K $780.0K $910.0K
YoY Change 6.9% 0.0% -9.38% -13.51% -7.5% -11.11% -10.0% -15.68% 3.49% 18.39% 9.26% 9.93% -0.98% 4.9% 11.49% 112.2% -18.0% 119.78% 10.98% 5.13% -14.29% 21.33%
% of Gross Profit 2.06% 2.71% 3.69% 4.94%
Operating Expenses $1.373M $1.793M $1.982M
YoY Change -23.42% -9.54%
Operating Profit $146.5M $120.1M $99.19M
YoY Change 22.0% 21.03%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Interest Expense $155.5M $59.45M $11.24M $15.92M $38.28M $27.11M $15.34M $12.25M
YoY Change 161.47% 429.0% -29.39% -58.42% 41.2% 76.73% 25.19%
% of Operating Profit 18.51% 12.78% 12.35%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Pretax Income $256.8M $177.9M $144.2M $108.3M $72.49M $119.8M $40.39M -$69.48M $6.800M $7.300M $20.30M -$9.300M $13.20M $7.800M $6.400M -$63.30M $23.70M $20.80M $11.60M $2.800M $900.0K -$500.0K
YoY Change 44.32% 23.41% 33.14% 49.37% -39.48% 196.53% -158.14% -1121.78% -6.85% -64.04% -318.28% -170.45% 69.23% 21.88% -110.11% -367.09% 13.94% 79.31% 314.29% 211.11% -280.0% -84.85%
Income Tax $64.48M $47.70M $33.72M $27.69M $21.23M $32.24M $23.06M -$12.66M $1.500M -$14.50M $6.800M -$3.500M $4.300M $2.500M $2.200M -$20.90M $9.300M $8.300M $4.200M -$900.0K -$200.0K -$500.0K
% Of Pretax Income 25.11% 26.81% 23.39% 25.57% 29.28% 26.92% 57.08% 22.06% -198.63% 33.5% 32.58% 32.05% 34.38% 39.24% 39.9% 36.21% -32.14% -22.22%
Net Earnings $192.3M $130.2M $110.7M $80.08M $51.56M $88.68M $21.67M -$96.49M $13.40M $57.10M -$14.40M -$43.20M $8.900M $5.200M $4.100M -$42.40M $14.30M $12.50M $7.400M $3.700M $1.100M $0.00
YoY Change 47.68% 17.68% 38.17% 55.32% -41.86% 309.16% -122.46% -820.09% -76.53% -496.53% -66.67% -585.39% 71.15% 26.83% -109.67% -396.5% 14.4% 68.92% 100.0% 236.36% -100.0%
Net Earnings / Revenue 37.74% 42.24% 49.82% 37.99% 28.71% 59.93% 17.76% -94.4%
Basic Earnings Per Share $3.52 $2.30 $1.93 $1.39 $0.91 $1.57 $0.39 -$2.17
Diluted Earnings Per Share $3.49 $2.274M $1.88 $1.37 $0.90 $1.55 $0.39 -$2.17 $351.7K $1.491M -$385.0K -$1.301M $279.0K $198.5K $212.4K -$2.904M $993.1K $874.1K $560.6K $355.8K $275.0K $0.00

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $27.47M $18.40M $16.20M $17.60M $17.50M $18.90M $20.10M $24.10M $21.60M $17.70M $15.70M $10.40M $8.400M $8.800M $7.900M $8.300M $6.700M $4.000M $3.800M $3.000M $2.400M $2.700M
YoY Change 49.31% 13.59% -7.95% 0.57% -7.41% -5.97% -16.6% 11.57% 22.03% 12.74% 50.96% 23.81% -4.55% 11.39% -4.82% 23.88% 67.5% 5.26% 26.67% 25.0% -11.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $31.30M $39.20M $59.30M $74.50M $126.9M $178.5M $193.6M $0.00
YoY Change -20.15% -33.9% -20.4% -41.29% -28.91% -7.8%
Other Assets $21.22M $19.70M $12.70M $9.800M $12.50M $21.60M $34.80M $55.70M $36.20M $921.6M $1.239B $22.80M $21.90M $24.40M $20.90M $22.80M $4.300M
YoY Change 7.69% 55.14% 29.59% -21.6% -42.13% -37.93% -37.52% 53.87% -96.07% -25.62% 5334.65% 4.11% -10.25% 16.75% -8.33% 430.23%
Total Long-Term Assets
YoY Change
Total Assets $7.706B $7.903B $6.843B $6.277B $5.657B $4.438B $4.708B $4.858B $4.766B $4.986B $4.594B $3.700B $3.011B $2.396B $2.044B $1.792B $1.568B $1.335B $917.5M $576.3M $304.2M $234.0M
YoY Change
Accounts Payable $100.0K $100.0K $400.0K $2.500M $4.900M $6.500M $800.0K $400.0K $200.0K $400.0K
YoY Change 0.0% -75.0% -84.0% -48.98% -24.62% 712.5% 100.0% 100.0% -50.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $42.00K $42.00K $0.00 $0.00 $100.0K $100.0K $200.0K $300.0K $900.0K $19.40M $21.20M $18.50M $33.20M $150.4M $102.6M $70.40M $93.80M $108.1M $46.90M $60.10M $0.00 $1.000M
YoY Change 0.0% -100.0% 0.0% -50.0% -33.33% -66.67% -95.36% -8.49% 14.59% -44.28% -77.93% 46.59% 45.74% -24.95% -13.23% 130.49% -21.96% -100.0%
Long-Term Debt Due $13.40M $13.40M $13.40M
YoY Change 0.0% 0.01%
Total Short-Term Liabilities $42.00K $13.40M $13.40M $100.0K $100.0K $200.0K $300.0K $900.0K $19.40M $21.20M $18.50M $100.0K $100.0K $400.0K $2.500M $4.900M $6.500M $800.0K $400.0K $200.0K $400.0K
YoY Change -99.69% 0.01% 0.0% -50.0% -33.33% -66.67% -95.36% -8.49% 14.59% 18400.0% 0.0% -75.0% -84.0% -48.98% -24.62% 712.5% 100.0% 100.0% -50.0%
Long-Term Debt $147.8M $122.5M $138.2M $152.0M $54.40M $55.10M $55.70M $276.5M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $0.00 $0.00 $5.400M $5.300M $0.00
YoY Change 20.69% -11.38% -9.08% 179.41% -1.27% -1.08% -79.86% 1963.43% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% -100.0% 1.89%
Other Long-Term Liabilities $69.64M $56.34M $62.20M $81.60M $66.00M $40.30M $67.20M $44.10M $16.70M $12.70M $38.90M $17.80M $10.00M $8.800M $27.50M $5.800M $1.700M $2.100M $2.300M $900.0K $300.0K $200.0K
YoY Change 23.62% -9.43% -23.77% 23.64% 63.77% -40.03% 52.38% 164.07% 31.5% -67.35% 118.54% 78.0% 13.64% -68.0% 374.14% 241.18% -19.05% -8.7% 155.56% 200.0% 50.0%
Total Long-Term Liabilities $217.5M $178.8M $200.4M $233.6M $120.4M $95.40M $122.9M $320.6M $30.10M $26.10M $52.30M $31.20M $23.40M $22.20M $40.90M $19.20M $15.10M $2.100M $2.300M $6.300M $5.600M $200.0K
YoY Change 21.61% -10.77% -14.21% 94.02% 26.21% -22.38% -61.67% 965.12% 15.33% -50.1% 67.63% 33.33% 5.41% -45.72% 113.02% 27.15% 619.05% -8.7% -63.49% 12.5% 2700.0%
Total Liabilities $6.898B $7.209B $6.191B $5.696B $5.173B $4.031B $4.384B $4.559B $4.446B $4.667B $4.347B $3.363B $2.739B $2.197B $1.798B $1.612B $1.392B $1.186B $782.5M $454.9M $282.5M $213.6M
YoY Change -4.31% 16.45% 8.69% 10.12% 28.31% -8.05% -3.84% 2.55% -4.75% 7.38% 29.24% 22.77% 24.69% 22.16% 11.56% 15.8% 17.39% 51.55% 72.02% 61.03% 32.26%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Basic Shares Outstanding 54.51M 56.56M 57.19M 57.47M 56.77M 56.34M 55.69M 44.57M 37.43M
Diluted Shares Outstanding 55.05M 57.27M 58.83M 58.41M 57.34M 57.07M 56.18M 44.57M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.77 Billion

About Bancorp, Inc.

The Bancorp, Inc. is a financial holding company, which engages in the provision of private label banking and financial services through the Bank. The company is headquartered in Wilmington, Delaware and currently employs 757 full-time employees. The company went IPO on 2004-02-02. The firm's segments include Specialty Finance and Payments. Its primary lines of specialty lending include securities-backed lines of credit (SBLOC) and cash value of insurance-backed lines of credit (IBLOC), leasing (direct lease financing), Small Business Administration (SBA) loans and non-SBA commercial real estate (CRE) loans. Its SBLOCs and IBLOCs are loans which are generated through institutional banking affinity groups and are respectively collateralized by marketable securities and the cash value of insurance policies. The company offers investment advisor financing to investment advisors. The firm also offers small business loans (SBL), which are comprised primarily of SBA loans and vehicle fleet and, to a lesser extent, other equipment leasing to small and medium sized businesses. Its SBLOCs and IBLOCs are offered in conjunction with brokerage accounts. The Company’s subsidiary is The Bancorp Bank, National Association.

Industry: National Commercial Banks Peers: BERKSHIRE HILLS BANCORP INC Dime Community Bancshares, Inc. /NY/ CITY HOLDING CO FIRST BANCORP /NC/ FIRST BUSEY CORP /NV/ FIRST COMMONWEALTH FINANCIAL CORP /PA/ National Bank Holdings Corp PNC FINANCIAL SERVICES GROUP, INC. S&T BANCORP INC Triumph Financial, Inc.