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Bancorp (TBBK) Increases Provision For Consumer Fintech Loan Credit Losses, Acknowledges Internal Control Weaknesses - Hagens Berman

1. TBBK amended its annual report, disclosing omitted information concerning asset quality. 2. A securities class action suit is raising investor concerns about TBBK's financial stability.

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FAQ

Why Bearish?

The disclosure of omitted information raises red flags similar to past cases like Theranos, leading to loss of investor confidence.

How important is it?

The implications of undisclosed asset quality issues can significantly impact TBBK's valuation and investor confidence.

Why Short Term?

Immediate investor reaction to litigation and asset quality issues is likely to drive short-term volatility.

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SAN FRANCISCO, CA / ACCESS Newswire / April 17, 2025 / On April 7, 2025, The Bancorp, Inc. (NASDAQ:TBBK) belatedly filed its amended annual report, in which it disclosed previously omitted crucial information to investors, escalating investor concerns already inflamed by asset quality matters alleged in a securities class action suit. The suit, captioned Linden v.

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