The Bancorp, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. May 16, 2025 Deadline to file Lead Plaintiff Motion.
Portfolio Pulse from
The Bancorp (TBBK) is facing a potential class action lawsuit after multiple significant stock price drops related to allegations about its real estate bridge loan portfolio. Key events include a Culper Research report on March 21, 2024, questioning the company's loan risk management, Q3 earnings disclosure with credit loss adjustments, and a March 4, 2025 announcement that its 2022-2024 financial statements should not be relied upon.
March 20, 2025 | 11:00 pm
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Multiple events have raised concerns about TBBK's financial reporting, including allegations of understated loan risks and potential accounting irregularities.
The series of negative disclosures, including a critical research report, earnings adjustments, and questions about financial statement reliability, suggest significant potential financial and legal risks for the company.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100