NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Bancorp, Inc. (NASDAQ: TBBK) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Bancorp, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/the-bancorp-inc. Investors have until May 16, 2025, to ask the Court to be appointed to lea ...

Core Viewpoint - The Bancorp, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims of misleading statements and undisclosed risks related to its commercial real estate bridge lending portfolio [1][3]. Company Overview - The Bancorp operates as a financial holding company for The Bancorp Bank, providing banking products and services in the United States [2]. Allegations of the Lawsuit - The lawsuit claims that The Bancorp underrepresented the risks associated with its commercial real estate bridge lending portfolio [3]. - It is alleged that the company's expected credit loss methodology was inadequate, leading to a likely increase in provisions for credit losses [3]. - The lawsuit points out material weaknesses in The Bancorp's internal controls over financial reporting and that its financial statements were not approved by independent auditors [3]. Impact of Reports and Financial Results - A report from Culper Research on March 21, 2024, suggested that The Bancorp's loan book was risky, causing the stock price to drop over 10% [4]. - Following the announcement of third-quarter 2024 financial results, which reported a net income of $51.5 million and an after-tax reduction in net income of $1.5 million due to increased provisions for credit losses, the stock price fell more than 14% [5]. - On March 4, 2025, The Bancorp disclosed that its Annual Report for the fiscal year ended December 31, 2024, was filed inappropriately, leading to further declines in stock price [6]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased The Bancorp securities during the class period to seek appointment as lead plaintiff in the lawsuit [7]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [7]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [9].

NEW YORK, March 22, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of purchasers of securities of The Bancorp, Inc. (NASDAQ: TBBK) securities between January 25, 2024 and March 4, 2025, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 16, 2025.So what: If you purchased The Bancorp securities during the Class P ...

Group 1 - The article discusses the performance and outlook of Community Trust Bancorp (NASDAQ: CTBI) after a year since the last analysis, highlighting changes in the cost of deposits [1] - It emphasizes the importance of fundamental analysis over technical analysis in evaluating company performance, particularly in the banking sector [1] - The author expresses a long-term investment perspective, focusing on the banking industry as a key indicator of economic health [1]

WHITE PLAINS, N.Y., March 20, 2025 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about May 6, 2025 to shareholders of record as of the close of business on April 7, 2025. “We are pleased to increase our quarterly dividend to shareholders,” said Kenneth A. Martinek, Chairman and Chief Executive Officer of the Company. “The payment ...

Core Viewpoint - The Bancorp, Inc. is facing a securities class action lawsuit for failing to disclose material information during the class period from January 25, 2024, to March 4, 2025, which has led to a significant drop in its stock price [1][3][4]. Group 1: Lawsuit Details - Investors have until May 16, 2025, to file lead plaintiff applications in the class action lawsuit against The Bancorp [1]. - The lawsuit is pending in the United States District Court for the District of Delaware, under the case name Linden v. The Bancorp, Inc., et al., No. 25-cv-326 [5]. - The Bancorp and certain executives are charged with violating federal securities laws by failing to disclose material information [3]. Group 2: Financial Impact - On March 4, 2025, The Bancorp disclosed it would be unable to file its fiscal year 2024 annual report on time, stating that its financial statements for the fiscal years ended December 31, 2022, through 2024 should no longer be relied upon [4]. - Following this announcement, Bancorp's share price fell by $2.34, or 4.38%, closing at $51.25 per share on March 5, 2025, with unusually heavy trading volume [4]. Group 3: Company Response - The Bancorp is working to complete additional closing procedures related to accounting for consumer fintech loans and is evaluating the impact of non-reliance on its disclosure controls and internal control over financial reporting [4]. Group 4: ClaimsFiler Information - ClaimsFiler is a service that helps retail investors recover funds from securities class action settlements, providing resources for investors to register and submit claims [6]. - Investors can access information about various securities class action cases and receive notifications about relevant cases in which they may have a financial interest [6].

SAN DIEGO, March 20, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of The Bancorp, Inc. (NASDAQ: TBBK) securities between January 25, 2024 and March 4, 2025, inclusive (the "Class Period"), have until May 16, 2025 to seek appointment as lead plaintiff of The Bancorp class action lawsuit.  Captioned Linden v. The Bancorp, Inc., No. 25-cv-00326 (D. Del.), The Bancorp class action lawsuit charges The Bancorp and certain of The Bancorp's top executi ...

It's been around six months since I last took a look at shares of Farmers & Merchants Bancorp ( OTCQX:FMCB ). For anybody new to this name, let me start by saying that thisI like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at 'The Compound Investor', and predominantly UK names on 'The UK Income Investor'.Analyst’s Disclosure: I/we have ...

SAN FRANCISCO, March 18, 2025 (GLOBE NEWSWIRE) -- The Bancorp, Inc. (NASDAQ: TBBK) saw its shares plummet $2.35 on March 5, 2025, as investors grappled with the company’s startling admission that its recently filed financial statements should no longer be relied upon. This financial fumble, however, was not entirely unexpected, as it followed a prescient warning from short-seller Culper Research nearly a year earlier. Hagens Berman is now investigating whether possible securities laws violations have occurr ...

In my last article on East West Bancorp, Inc. (NASDAQ: EWBC ) my rating was hold because the stock was pricing in a very optimistic scenario and there was a risk of overpaying for it. EWBC is a solid bank withHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old. In 2023 I graduated in Business Administration and I am completing my studies. My interest in financial markets started about 5 years ago when I accidentally came across a video about trading. That was th ...