The Bancorp, Inc. (TBBK) Financial Statements (2024 and earlier)

Company Profile

Business Address 409 SILVERSIDE ROAD
WILMINGTON, DE 19809
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments888,189601,784345,515944,472554,302908,935
Cash and cash equivalents888,189601,784345,515944,472554,302908,935
Disposal group, including discontinued operation  64,14191,316115,879170,662270,050
Total current assets:888,189665,925436,8311,060,351724,9641,178,985
Noncurrent Assets
Property, plant and equipment18,40116,15617,60817,53818,89520,051
Long-term investments and receivables   31,29439,15459,27374,473
Long-term investments   31,29439,15459,27374,473
Intangible assets, net (including goodwill)2,0492,4472,8452,3153,8465,377
Goodwill      
Intangible assets, net (excluding goodwill)2,0492,4472,8452,3153,8465,377
Other undisclosed intangible assets, net (including goodwill)      
Deferred income tax assets19,70312,6679,75712,538
Total noncurrent assets:40,15331,27061,50471,54582,01499,901
Other undisclosed assets6,974,6586,146,0445,778,5064,525,0673,630,9333,429,261
TOTAL ASSETS:7,903,0006,843,2396,276,8415,656,9634,437,9114,708,147
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4242428293217
Total current liabilities:4242428293217
Noncurrent Liabilities
Other undisclosed liabilities7,208,9276,190,7435,695,6355,172,3844,031,0424,383,781
Total liabilities:7,208,9696,190,7855,695,6775,172,4664,031,1354,383,998
Equity
Equity, attributable to parent, including:694,031652,454581,164484,497406,776324,149
Treasury stock, value   (866)(866)(866)(866)
Additional paid in capital299,279349,686378,218371,633366,181363,196
Accumulated other comprehensive income (loss)(30,257)6,29117,7086,047(14,168)(4,557)
Retained earnings (accumulated deficit)369,319239,106128,45350,742(817)(89,485)
Other undisclosed equity, attributable to parent55,69057,37157,65156,94156,44655,861
Total equity:694,031652,454581,164484,497406,776324,149
TOTAL LIABILITIES AND EQUITY:7,903,0006,843,2396,276,8415,656,9634,437,9114,708,147

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues321,826237,000206,908203,641168,458155,276
Net investment income308,295222,115210,782179,569147,960122,020
Financial services revenue33,256
Cost of revenue(5,741)(2,513)(6,127)(81)(117)(2,920)
Cost of goods and services sold    (81)(117) 
Provision for loan, lease, and other losses(5,741)(2,513)(6,127)  
Financial services costs(2,920)
Gross profit:316,085234,487200,781203,560168,341152,356
Operating expenses(25,352)(26,763)(24,654)(31,402)(15,806)(97,499)
Operating income:290,733207,724176,127172,158152,53554,857
Interest and debt expense(59,454)(11,239)(15,916)(38,281)(27,111)(15,340)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (51,927)(61,383)(5,643)877
Income from continuing operations before equity method investments, income taxes:231,279196,485108,28472,494119,78140,394
Other undisclosed loss from continuing operations before income taxes(53,365)(52,320)    
Income from continuing operations before income taxes:177,914144,165108,28472,494119,78140,394
Income tax expense(47,701)(33,724)(27,688)(21,226)(32,241)(23,056)
Income from continuing operations:130,213110,44180,59651,26887,54017,338
Income before gain (loss) on sale of properties:110,65380,08451,55988,67721,673
Income (loss) from discontinued operations  212(512)2911,1374,335
Net income available to common stockholders, diluted:130,213110,65380,08451,55988,67721,673

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:130,213110,65380,08451,55988,67721,673
Other comprehensive income (loss)     3,554(168)
Comprehensive income:130,213110,65380,08451,55992,23121,505
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(36,548)(11,417)11,66120,215(13,165)636
Comprehensive income, net of tax, attributable to parent:93,66599,23691,74571,77479,06622,141

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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