RADNOR,, Pa., April 01, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the District of Delaware 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. You can als ...

NEW YORK, April 01, 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 ...

WHAT TO DO NEXT: To join the Bancorp class action, go to https://rosenlegal.com/submit-form/? case_id=37146 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. 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. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investo ...

SAN FRANCISCO, March 31, 2025 (GLOBE NEWSWIRE) -- The Bancorp, Inc. (NASDAQ: TBBK) has failed to meet its self-imposed deadline to restate its financial reports, triggering a Nasdaq non-compliance notice and escalating investor concerns already inflamed by a securities class action suit. The company, which had initially indicated it would file its delayed Annual Report within the 15-day extension granted by Rule 12b-25, has yet to provide an explanation for its failure to do so as of March 31, 2025. This de ...

First Quarter 2025 Earnings Release PERTINENT USER INFORMATION: | What: | S&T Bancorp, Inc. First Quarter Earnings Conference Call | | --- | --- | | When: | 1:00 p.m. ET, Thursday, April 24, 2025 | | Where: | S&T Bank's Investor Relations webpage (stbancorp.com) | | How: | Live and replay webcast over the internet | After the live presentation, the webcast will be archived at stbancorp.com for 12 months. To Ask Questions: Prior to the webcast, please email questions to [email protected]. Also, participants ...

Group 1 - Horizon Bancorp, Inc. (HBNC) is expected to benefit from continued net interest margin expansion [1] - Loan growth is anticipated to slow down this year but will remain positive, contributing to earnings [1] - Projected earnings per share for Horizon Bancorp is $1.75 [1]

Core Viewpoint - A securities class action lawsuit has been filed against The Bancorp, Inc. for allegedly misleading investors regarding the risks associated with its real estate bridge loans portfolio and internal financial controls [1][2]. Allegations Against Bancorp - The lawsuit claims that Bancorp underrepresented the risk of default or loss on its real estate bridge loans portfolio [2] - It is alleged that Bancorp's expected credit loss methodology was inadequate to account for credit losses [2] - The complaint suggests that Bancorp was likely to increase its provision for credit losses due to these issues [2] - There were claims of material weaknesses in Bancorp's internal control over financial reporting [2] - The financial statements of Bancorp were reportedly not approved by its independent auditor, leading to questions about their reliability [2] - Positive statements made by Bancorp regarding its business and prospects were deemed materially misleading [2] Lead Plaintiff Process - Investors in Bancorp can seek to be appointed as lead plaintiffs by May 16, 2025, or choose to remain absent class members [3] - The lead plaintiff represents the interests of all class members in the litigation [3] - The lead plaintiff selects counsel to represent the class, and participation as a lead plaintiff does not affect the ability to share in any recovery [3] Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]

Core Insights - The article introduces a new contributing analyst, The Alpha Analyst, to Seeking Alpha, encouraging readers to share their investment ideas for publication and potential earnings [1] Group 1 - The new analyst has over 20 years of experience in quantitative research, financial modeling, and risk management, specializing in equity valuation and market trends [2] - The analyst's background includes a former Vice President position at Barclays, leading teams in model validation and stress testing [2] - The investment approach focuses on combining risk management with long-term value creation, emphasizing macroeconomic trends and corporate earnings [2]

Core Viewpoint - The Bancorp, Inc. is facing a federal securities class action lawsuit due to allegations of misleading statements regarding its financial health and risk exposure, particularly related to its real estate bridge loan portfolio [2][3]. Group 1: Allegations and Financial Misrepresentation - The complaint alleges that The Bancorp and its executives violated federal securities laws by making false or misleading statements and failing to disclose significant risks associated with its REBL loan portfolio [3]. - Specific allegations include underrepresenting the risk of default on loans, insufficient credit loss provisions, material weaknesses in internal controls, and reliance on unapproved financial statements [3]. - A report from Culper Research claimed that the company's loan portfolio was filled with high-risk borrowers and properties, leading to significant potential losses [4]. Group 2: Financial Performance and Market Reaction - On October 24, 2024, The Bancorp reported a net income of $51.5 million for Q3 2024, which was impacted by increased provisions for credit losses, resulting in a $1.5 million after-tax reduction in net income [5]. - Following this announcement, the company's share price fell by $7.95, or 14.47%, closing at $47.01 on October 25, 2024, amid heavy trading volume [5]. - On March 4, 2025, the company disclosed that its financial statements for fiscal years 2022 to 2024 should no longer be relied upon, leading to a further decline in share price by $2.34, or 4.38%, to close at $51.25 on March 5, 2025 [6][8]. Group 3: Legal Proceedings and Investor Actions - Investors who suffered losses exceeding $50,000 between January 25, 2024, and March 4, 2025, are encouraged to contact the law firm Faruqi & Faruqi to discuss their legal options [1]. - The deadline to seek the role of lead plaintiff in the class action lawsuit is set for May 16, 2025 [2]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding The Bancorp's conduct [10].

Core Viewpoint - A lawsuit has been filed against The Bancorp, Inc. and certain senior executives for potential violations of federal securities laws, specifically related to misrepresentation of risks associated with its loan portfolio [1][2]. Company Overview - The Bancorp, Inc. is a financial holding company involved in institutional banking, commercial real estate bridge lending, small business lending, and commercial fleet leasing, with a focus on loans collateralized by apartment buildings [3]. Allegations - The lawsuit alleges that Bancorp misrepresented the significant risk of default or loss on its REBL loan portfolio and that its credit loss methodology was inadequate [4]. - It is claimed that Bancorp also misrepresented the effectiveness of its internal controls over financial reporting, which contained at least one material weakness [4]. Stock Performance and Impact - Following a report from Culper Research on March 21, 2024, which highlighted the misrepresentation of risks, Bancorp's stock price fell over 10%, from $36.04 to $32.12 [5]. - On October 24, 2024, Bancorp reported a net income of $51.5 million, leading to a 14% decline in stock price from $54.96 to $47.01 due to increased credit losses [6]. - On March 4, 2025, Bancorp disclosed issues with its Annual Report for the fiscal year ended December 31, 2024, causing a 4.4% drop in stock price from $53.59 to $51.25 [7].