The Bancorp

The Bancorp, Inc. is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank). The Bank is a chartered commercial bank located in Wilmington, Delaware and is a Federal Deposit Insurance Corporation (FDIC) insured institution. The Company operates through three segments: specialty finance, payments and corporate. The specialty finance segment includes commercial mortgage loan sales, small business administration (SBA) loans, leasing and security backed lines of credit (SBLOC), and any deposits generated by those business lines. The payments segment includes prepaid cards, card payments, automated clearing house (ACH) processing and healthcare accounts. The corporate segment includes the Company's investment portfolio and corporate overhead, and other non-allocated expenses. Through the Bank, the Company also provides deposit generating banking services.
Type
Public
Parent Company
HealthEquity
HQ
Wilmington, US
Founded
2000
Size (employees)
762 (est)
The Bancorp was founded in 2000 and is headquartered in Wilmington, US

The Bancorp Office Locations

The Bancorp has an office in Wilmington
Wilmington, US (HQ)
409 Silverside Rd

The Bancorp Data and Metrics

The Bancorp Financial Metrics

The Bancorp's revenue was reported to be $144.7 m in FY, 2016 which is a 33% decrease from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

144.7 m

Revenue growth (FY, 2015 - FY, 2016), %

(33%)

Gross profit (FY, 2016)

132.5 m

Gross profit margin (FY, 2016), %

92%

EBIT (FY, 2016)

90 m

Market capitalization (26-May-2017)

340.8 m

Closing share price (26-May-2017)

6.2

Cash (31-Dec-2016)

999.1 m

EV

(381.7 m)
The Bancorp's current market capitalization is $340.8 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

190 m36.2 m216.6 m144.7 m

Revenue growth, %

(81%)498%(33%)

Cost of goods sold

10.8 m2.8 m13.6 m12.3 m

Gross profit

179.2 m33.4 m203 m132.5 m

Gross profit Margin, %

94%92%94%92%

Sales and marketing expense

53.1 m13.9 m68.4 m82 m

Operating expense total

110.8 m37.6 m194.1 m198.6 m

EBIT

95.8 m15.7 m69.9 m90 m

EBIT margin, %

50%43%32%62%

Pre tax profit

38.9 m(2.8 m)6.8 m(69.5 m)

Income tax expense

13.8 m(13.9 m)4.7 m(12.7 m)

Net Income

25.1 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

1.2 b1.1 b1.2 b999.1 m

Accounts Receivable

13.1 m11.3 m9.5 m10.6 m

PP&E

15.7 m17.7 m21.6 m24.1 m

Total Assets

4.7 b5 b4.8 b4.9 b

Total Debt

276.5 m

Additional Paid-in Capital

294.6 m298 m300.5 m360.6 m

Retained Earnings

27.6 m(28.2 m)(15.4 m)(111.9 m)

Total Equity

359.6 m319 m320 m299 m

Debt to Equity Ratio

0.9 x

Debt to Assets Ratio

0.1 x

Financial Leverage

13.1 x15.6 x14.9 x16.2 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

25.1 m

Depreciation and Amortization

3.7 m1.2 m4.7 m5 m

Accounts Receivable

(3.3 m)1.8 m(1.1 m)

Cash From Operating Activities

49 m(234.9 m)(218 m)

Cash From Investing Activities

(745.9 m)501.3 m(99 m)

Cash From Financing Activities

966.7 m(225.5 m)160.8 m

Interest Paid

10.8 m13.4 m12.4 m

Income Taxes Paid

17.6 m592 k1.5 m
Numbers are in $, USDY, 2016

EV/EBIT

-4.2 x

EV/CFO

1.8 x

Revenue/Employee

189.9 k

Debt/Equity

0.9 x

Debt/Assets

0.1 x

Financial Leverage

16.2 x

The Bancorp Market Value History

The Bancorp Online and Social Media Presence

The Bancorp News and Updates

The Bancorp Company Life and Culture

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