NEW YORK, April 11, 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 ...

Fifth Third Bancorp (FITB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Apri ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In The Bancorp To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in The Bancorp between January 25, 2024 and March 4, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, April 10, 2025 /PRNewswire/ -- Faruqi ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of The Bancorp, Inc. during the specified class period of the upcoming lead plaintiff deadline on May 16, 2025, and highlights the potential for compensation without out-of-pocket costs [1][2]. Group 1: Class Action Details - Investors who purchased Bancorp securities between January 25, 2024, and March 4, 2025, may be eligible to join a class action lawsuit [1]. - A class action lawsuit has already been filed, and interested parties must act by the lead plaintiff deadline [2]. - The lawsuit alleges that Bancorp made false and misleading statements regarding its financial health and risk management practices, particularly concerning its real estate bridge loan portfolio [4]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions [3]. - The firm has achieved significant settlements in the past, including over $438 million for investors in 2019, and has been consistently ranked among the top firms in securities class action settlements [3]. - Investors are encouraged to be cautious in choosing legal representation, as many firms may not have the necessary experience or resources [3].

RADNOR, Pa., April 7, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against The Bancorp, Inc. ("Bancorp") (NASDAQ: TBBK) on behalf of those who purchased or otherwise acquired Bancorp securities between January 25, 2024, and March 4, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is May 16, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Bancorp losses, you ma ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of The Bancorp, Inc. during the specified Class Period of the upcoming lead plaintiff deadline on May 16, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Bancorp securities between January 25, 2024, and March 4, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 16, 2025 [2][4]. - The lawsuit alleges that Bancorp made false and misleading statements regarding its financial health and risk management practices, particularly concerning its real estate bridge loan portfolio and credit loss provisions [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering hundreds of millions for investors [3]. - The firm achieved the largest securities class action settlement against a Chinese company at the time and has been consistently ranked among the top firms for securities class action settlements since 2013 [3]. - In 2019, Rosen Law Firm secured over $438 million for investors, showcasing its capability and experience in handling such cases [3].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against The Bancorp, Inc. due to allegations of securities law violations, with a deadline for investors to seek lead plaintiff status in a class action set for May 16, 2025 [2][10]. Group 1: Allegations Against The Bancorp - The complaint alleges that The Bancorp and its executives made false or misleading statements regarding the risks associated with its REBL loan portfolio, including underrepresenting the risk of default and loss [4]. - It is claimed that the company's credit loss methodology was inadequate, leading to an expected increase in provisions for credit losses [4]. - The company reportedly had material weaknesses in its internal controls over financial reporting, and its financial statements were not approved by independent auditors, making them unreliable [4]. Group 2: Impact of Reports and Financial Results - On March 21, 2024, a report from Culper Research alleged significant risks in The Bancorp's loan portfolio, leading to a share price drop of $3.63 (10.15%) to close at $32.12 [5][6]. - Following the announcement of third-quarter results on October 24, 2024, which included a $1.5 million after-tax reduction in net income due to increased credit loss provisions, the share price fell by $7.95 (14.47%) to close at $47.01 [7]. - On March 4, 2025, The Bancorp disclosed that its financial statements for fiscal years 2022 through 2024 should no longer be relied upon, resulting in a share price decline of $2.34 (4.38%) to close at $51.25 [8][9].

Core Viewpoint - Chain Bridge Bancorp, Inc. (CBNA) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks rating system is based on the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years [2]. - The recent upgrade for Chain Bridge Bancorp suggests an improvement in the company's earnings outlook, which is expected to positively affect its stock price [4][6]. - For the fiscal year ending December 2025, the company is projected to earn $2.45 per share, representing a decrease of 41.3% from the previous year, but the Zacks Consensus Estimate has increased by 43.4% over the past three months [9]. Impact of Institutional Investors - Changes in earnings estimates are strongly correlated with stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [5]. - The upgrade to Zacks Rank 1 places Chain Bridge Bancorp in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [11]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a historical average annual return of +25% for Zacks Rank 1 stocks since 1988 [8]. - The system maintains a balanced distribution of ratings, ensuring that only the top 5% of stocks receive a 'Strong Buy' rating, reflecting superior earnings estimate revisions [10][11].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of The Bancorp, Inc. during the specified Class Period of the upcoming lead plaintiff deadline on May 16, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Bancorp securities between January 25, 2024, and March 4, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 16, 2025 [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. Group 2: Allegations Against Bancorp - The lawsuit alleges that Bancorp made false and misleading statements regarding the risk of default on its real estate bridge loan portfolio and the adequacy of its credit loss methodology [4]. - It is claimed that Bancorp was likely to increase its provision for credit losses due to these misrepresentations, and there were material weaknesses in its internal controls over financial reporting [4]. - The lawsuit asserts that the positive statements made by Bancorp about its business and operations were materially misleading and lacked a reasonable basis [4].

Core Viewpoint - The Bancorp, Inc. has failed to meet its self-imposed deadline to restate its financial reports, leading to a Nasdaq non-compliance notice and heightened investor concerns due to an ongoing securities class action lawsuit [1][2]. Financial Reporting Issues - The company initially indicated it would file its delayed Annual Report within a 15-day extension but has not provided an explanation for the failure as of March 31, 2025 [2][4]. - On March 4, 2025, Bancorp announced that the financial statements for the fiscal years ended December 31, 2022, through 2024 should no longer be relied upon, invalidating three years of financial reporting [3][4]. - The company is working on additional procedures related to accounting for consumer fintech loans in its allowance for credit losses, but neither its former auditor, Grant Thornton LLP, nor its current auditor, Crowe LLP, has provided final approval for the audit opinions [4]. Legal and Investor Concerns - The March 4 disclosure led to a securities class action complaint alleging that Bancorp made false and misleading statements while failing to disclose crucial information to investors [5]. - The class action lawsuit seeks to represent investors who purchased Bancorp securities between January 25, 2024, and March 4, 2025, with a lead plaintiff deadline set for May 16, 2025 [3][5]. - Hagens Berman, a prominent shareholder rights firm, is investigating the claims against Bancorp, focusing on whether the financial statements accurately reflected the true state of its loan portfolios [8]. Financial Performance and Risks - Bancorp reported disappointing Q3 2024 financial results, attributing the issues to a new CECL factor and underestimating the risk of default on its real estate bridge loan portfolio [6]. - The company acknowledged material weaknesses in its internal control over financial reporting and indicated that its financial statements could not be relied upon by investors [6][7].