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The Bancorp, Inc.

Company NameThe Bancorp, Inc.
Stock SymbolTBBK

On March 21, 2024, Culper Research published a report alleging, among other things, that TBBK has “misrepresented the quality of its real estate bridge loan (‘REBL’) portfolio”, estimating TBBK to have losses anywhere from ten to fifteen times higher than the Company’s actual reserves.

On this news, TBBK’s stock price fell $3.63, or 10.2%, to close at $32.12 per share on March 21, 2024, thereby injuring investors. 

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