NasdaqGS:TBBK

Stock Analysis Report

Executive Summary

The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.1%

TBBK

1.4%

US Banks

1.0%

US Market


1 Year Return

6.4%

TBBK

0.2%

US Banks

6.7%

US Market

Return vs Industry: TBBK exceeded the US Banks industry which returned 0.2% over the past year.

Return vs Market: TBBK matched the US Market which returned 6.7% over the past year.


Share holder returns

TBBKIndustryMarket
7 Day-0.1%1.4%1.0%
30 Day-3.7%-2.6%-1.8%
90 Day6.6%0.8%-1.8%
1 Year6.4%6.4%3.1%0.2%9.1%6.7%
3 Year41.6%41.6%52.0%41.5%46.1%36.6%
5 Year18.1%18.1%69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

How volatile is Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bancorp undervalued based on future cash flows and its price relative to the stock market?

5.83x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: TBBK ($9.9) is trading above our estimate of fair value ($2.57)

Significantly Undervalued: TBBK is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: TBBK is good value based on its PE Ratio (5.9x) compared to the Banks industry average (12.5x).

PE vs Market: TBBK is good value based on its PE Ratio (5.9x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: TBBK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price Based on Value of Assets

PB vs Industry: TBBK is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Bancorp expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

-23.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: TBBK's earnings are forecast to decline over the next 3 years (-23.8% per year).

Earnings vs Market: TBBK's earnings are forecast to decline over the next 3 years (-23.8% per year).

High Growth Earnings: TBBK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TBBK's revenue is expected to decline over the next 3 years (-30.2% per year).

High Growth Revenue: TBBK's revenue is forecast to decline over the next 3 years (-30.2%).


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if TBBK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Bancorp performed over the past 5 years?

46.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TBBK's earnings have grown significantly by 46.3% per year over the past 5 years.

Accelerating Growth: TBBK's earnings growth over the past year (600.5%) exceeds its 5-year average (46.3% per year).

Earnings vs Industry: TBBK earnings growth over the past year (600.5%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: TBBK's Return on Equity (20.8%) is considered high.


Return on Assets

ROA vs Industry: TBBK has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate TBBK's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: TBBK has a low level of unsold assets or inventory.

Debt Coverage by Assets: TBBK's debt is covered by short term assets (assets are 14.304150x debt).


Financial Institutions Analysis

Asset Level: TBBK's level of assets compared to its equity is moderate.

Allowance for Bad Loans: TBBK has a sufficient allowance for bad loans.

Low Risk Liabilities: TBBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: TBBK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: TBBK's loans are broadly funded by customer deposits.

Level of Bad Loans: TBBK has an appropriate level of bad loans (0.57%)


Next Steps

Dividend

What is Bancorp's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate TBBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TBBK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if TBBK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TBBK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TBBK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Bancorp's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Damian Kozlowski (54yo)

3.4yrs

Tenure

US$1,509,324

Compensation

Mr. Damian M. Kozlowski has been the President of The Bancorp Bank since June 1, 2016. Mr. Kozlowski has been the President and Chief Executive Officer of The Bancorp, Inc. since June 1, 2016. Mr. Kozlowsk ...


CEO Compensation Analysis

Compensation vs. Market: Damian's total compensation ($USD1.51M) is about average for companies of similar size in the US market ($USD1.85M).

Compensation vs Earnings: Damian's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.3yrs

Average Tenure

54.5yo

Average Age

Experienced Management: TBBK's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

15.8yrs

Average Tenure

57yo

Average Age

Experienced Board: TBBK's board of directors are seasoned and experienced ( 15.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Daniel Cohen (50yo)

    • Tenure: 20.8yrs
    • Compensation: US$700.00k
  • Paul Frenkiel (67yo)

    Executive VP of Strategy

    • Tenure: 10.1yrs
    • Compensation: US$529.06k
  • Damian Kozlowski (54yo)

    CEO, President & Director

    • Tenure: 3.4yrs
    • Compensation: US$1.51m
  • Mark Connolly (51yo)

    Executive VP & Head of Credit Markets

    • Tenure: 2.7yrs
    • Compensation: US$758.86k
  • Tom Pareigat (59yo)

    Executive VP & General Counsel

    • Tenure: 8.7yrs
    • Compensation: US$371.85k
  • Joseph McFadden (79yo)

    Executive VP & Senior Executive Advisor

    • Tenure: 3.3yrs
    • Compensation: US$882.09k
  • John Leto (55yo)

    Executive VP & Head of Institutional Banking

    • Tenure: 3.3yrs
    • Compensation: US$859.68k
  • Andres Viroslav

    Director of Investor Relations

    • Tenure: 0yrs
  • Matt Wallace

    Executive VP & Chief Information Officer

    • Tenure: 2.3yrs
  • Greg Garry (36yo)

    Chief Risk Officer

    • Tenure: 0.3yrs

Board Members

  • Jay McEntee (61yo)

    Independent Director

    • Tenure: 19.1yrs
    • Compensation: US$182.53k
  • Mike Bradley (74yo)

    Independent Lead Director

    • Tenure: 0yrs
    • Compensation: US$191.03k
  • Daniel Cohen (50yo)

    • Tenure: 20.8yrs
    • Compensation: US$700.00k
  • William Lamb (79yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: US$162.03k
  • Hersh Kozlov (71yo)

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: US$166.03k
  • Mei-Mei Tuan (52yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$172.03k
  • Matthew Cohn (49yo)

    Independent Director

    • Tenure: 20.8yrs
    • Compensation: US$162.03k
  • Walt Beach (52yo)

    Independent Director

    • Tenure: 20.8yrs
    • Compensation: US$165.53k
  • Damian Kozlowski (54yo)

    CEO, President & Director

    • Tenure: 3.4yrs
    • Compensation: US$1.51m
  • John Chrystal (60yo)

    Independent Vice Chairman

    • Tenure: 2.5yrs
    • Compensation: US$180.53k

Company Information

The Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Bancorp, Inc.
  • Ticker: TBBK
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$558.666m
  • Shares outstanding: 56.77m
  • Website: https://www.thebancorp.com

Number of Employees


Location

  • The Bancorp, Inc.
  • 409 Silverside Road
  • Wilmington
  • Delaware
  • 19809
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TBBKNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 2004

Biography

The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and service ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:46
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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