TBBK REMINDER: Suffer Losses on The Bancorp, Inc.? Contact BFA Law by May 16 Class Action Deadline

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$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$53.59 to $51.25 [7].