Bancorp, Inc. Files 8-K Report

TL;DR

Bancorp Inc. filed a routine 8-K on Dec 26, 2024. No major news.

AI Summary

On December 26, 2024, The Bancorp, Inc. filed an 8-K report. The filing indicates that the company is a national commercial bank incorporated in Delaware with its principal executive offices located at 409 Silverside Road, Wilmington, DE 19809. The report does not detail any specific transactions or events beyond its routine filing information.

Why It Matters

This 8-K filing serves as a standard disclosure for The Bancorp, Inc., providing basic corporate information and confirming its status as a registered entity with the SEC.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report with no new material information or significant events disclosed.

Key Players & Entities

• The Bancorp, Inc. (company) — Registrant
• 000-51018 (company) — Commission File Number
• 23-3016517 (company) — IRS Employer Identification No.
• Delaware (company) — State of incorporation
• 409 Silverside Road, Wilmington, DE 19809 (company) — Principal executive offices
• 302-385-5000 (company) — Registrant's telephone number

FAQ

Key Financial Figures

• $1.00 — ch registered Common Stock, par value $1.00 per share TBBK Nasdaq Global Select
• $41.1 million — th a balance as of December 19, 2024 of $41.1 million. That property is under agreement of sa
• $1.6 m — the total of earnest money deposits to $1.6 million, from $500,000, in consideration
• $500,000 — st money deposits to $1.6 million, from $500,000, in consideration of extending the clos
• $1.6 million — summated, the earnest money deposits of $1.6 million would accrue to the Company. The Compa

Filing Documents

• bancorp8k.htm (8-K) — 22KB
• 0002039852-24-000046.txt ( ) — 189KB
• tbbk-20241226.xsd (EX-101.SCH) — 3KB
• tbbk-20241226_lab.xml (EX-101.LAB) — 33KB
• tbbk-20241226_pre.xml (EX-101.PRE) — 22KB
• bancorp8k_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events The Bancorp, Inc. (the "Company") is providing an update on the disposition of certain real estate bridge lending assets. As noted in its prior filings, the majority of the Company's real estate owned is comprised of an apartment complex, with a balance as of December 19, 2024 of $41.1 million. That property is under agreement of sale with a sales price that is expected to cover the Company's current balance plus the forecasted cost of improvements to the property. The purchaser has increased the total of earnest money deposits to $1.6 million, from $500,000, in consideration of extending the closing date to March 21, 2025. The Company believes that the purpose for the extension is to allow time for this sale to be included in a larger transaction. There can be no assurance that the purchaser will consummate the sale of the property, but if not consummated, the earnest money deposits of $1.6 million would accrue to the Company. The Company is in discussions with multiple parties to sell other loans, including balances reflected in classified loans.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 26, 2024 The Bancorp, Inc. By: /s/ Paul Frenkiel Name: Paul Frenkiel Title: Chief Financial Officer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR