The Law Offices of Frank R. Cruz announces an investigation of The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ: TBBK) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON THE BANCORP, INC. (TBBK), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is The Investigation About?

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.

Then, on March 4, 2025, after market hours, TBBK disclosed that the Company had “inappropriately filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024” and the financial statements from 2022 to 2024 should no longer be relied upon. The Company explained that its auditors for those years “did not provide approval to include [the] audit opinion . . . or [the] consent to the incorporation by reference of their audit report in certain registration statements.” The Company further revealed it is “working expeditiously to perform and complete additional closing procedures related to accounting for consumer fintech loans in the allowance for credit losses” in order to file an amended Annual Report.

On this news, TBBK’s stock price fell as much as 6% during intraday trading on March 5, 2025, thereby injuring investors further.

Contact Us To Participate or Learn More:

If you purchased TBBK securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

The Law Offices of Frank R. Cruz

2121 Avenue of the Stars, Suite 800

Century City, California 90067

Call us at: 310-914-5007

Email us at: info@frankcruzlaw.com

Visit our website at: www.frankcruzlaw.com.

Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

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