TBBK earnings analysis
What we found in TBBK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
In Q1 2026, The Bancorp reported revenues of $161.34 million and diluted EPS of $1.41, surpassing previous estimates by 5.3% and 5.2% respectively. Despite strong performance in fintech loans, which increased 50% to $1.65 billion, total revenues fell short of estimates largely due to a decrease in interest-related income. Management is focusing on capital returns and maintaining their guidance for EPS, suggesting optimism about future growth in fintech partnerships and fee income.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Q1 2026 Revenue and EPS Beat Estimates
- Revenue reached $161.34 million, exceeding estimates by $3.9 million, and diluted EPS at $1.41 surpassed estimates of $1.34.
- Significant Growth in Fintech Loans
- Fintech loans rose by 50% to $1.65 billion from $1.10 billion at year-end 2025, reflecting successful business expansion.
- Stable Net Income Growth
- Net income increased by 5.1% year-over-year to $60.1 million from $57.2 million in Q1 2025.
- Strong Increase in Non-interest Income
- Non-interest income from fintech fees grew to $38.1 million in Q1 2026, a 10.8% increase from $34.4 million in the same period last year.
- Improved Shareholder Returns
- The company repurchased 843,061 shares at an average price of $59.31 during the quarter, reducing outstanding shares by 1%.
- Lower Provision for Credit Losses
- Provision for credit losses decreased to $27.6 million, down $19.3 million from $46.9 million in the prior year, showing improved credit quality.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decreased Net Interest Income
- Net interest income fell to $88.8 million, down 3.2% from $91.7 million in Q1 2025 due to changes in deposit volume and interest collection.
- Non-interest Income Decline
- Total non-interest income dropped to $72.5 million in Q1 2026, down $11.1 million from $83.6 million in Q1 2025, led by a decrease in fintech loan credit enhancement income.
- Increasing Non-performing Loans
- Total non-performing loans increased to $74.97 million from $73.88 million at the end of 2025, indicating a potential quality concern in the loan portfolio.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.41
- Segment
- Fintech Solutions
- Segment
- Credit Solutions
What they said about what is next.
Management anticipates maintaining a full-year EPS guidance of $5.90 and a Q4 EPS target of $1.75.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 25, 2026
- The Bancorp delivered strong top-line growth in 2025 driven by its Fintech Solutions business, with total revenue (interest + non-interest) of $879,702,000 and net income of $228,213,000. Earnings per diluted share rose…
- 10-Q · May 8, 2025
- The Bancorp reported net income of $57,173 thousand and diluted EPS of $1.19 for the quarter ended March 31, 2025. Results were driven by a large increase in non-interest income ($83,642 thousand) — primarily a $45,868…
- 10-Q · November 7, 2024
- The Bancorp reported a solid quarter with total revenue (net interest income plus non-interest income) of $125,840,000 and diluted EPS of $1.04 for Q3 2024, both up year-over-year. Net income was $51,517,000 while…
- 10-Q · May 10, 2024
- The Bancorp reported quarter-over-quarter and year-over-year growth: total revenue (interest income plus non-interest income) rose to $165,191,000 in Q1 2024 from $151,165,000 in Q1 2023, driving net income of…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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