The Bancorp, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. May 16, 2025 Deadline to file Lead Plaintiff Motion

Core Viewpoint - The Bancorp, Inc. is facing a class action lawsuit due to allegations of misrepresentation regarding the risks associated with its real estate bridge loans, leading to significant stock price declines and investor losses [1][3][7]. Group 1: Allegations and Financial Impact - Culper Research released a report on March 21, 2024, claiming that Bancorp understated risks of default and losses related to its real estate bridge loans, highlighting a portfolio filled with high-risk borrowers and properties in poor condition [3]. - Following the report, Bancorp's stock price dropped by $3.63 (10.15%) to close at$ 32.12 per share on March 21, 2024, amid heavy trading [4]. - On October 24, 2024, Bancorp reported Q3 2024 earnings of $51.5 million in net income, but attributed part of this to adjustments in credit loss provisions, which reduced net income by$ 1.5 million after taxes [5]. - The stock price fell by $7.95 (14.47%) to$ 47.01 per share on October 25, 2024, following the earnings report [6]. Group 2: Regulatory and Financial Reporting Issues - On March 4, 2025, Bancorp announced that its financial statements for 2022-2024 "should no longer be relied upon," indicating issues with auditor approval and the need for an internal review of loan accounting [7]. - The stock price declined by $2.34 (4.38%) to close at$ 51.25 per share on March 5, 2025, after this announcement [8].