← Bancorp, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($96.5m) |
$21.7m
+122.46%
|
$88.7m
+309.16%
|
$51.6m
-41.86%
|
$80.1m
+55.32%
|
$110.7m
+38.17%
|
$130.2m
+17.68%
|
$192.3m
+47.68%
|
$217.5m
+13.13%
|
$228.2m
+4.91%
|
|
| Depreciation and amortization | $5.0m | $4.5m | $4.0m | $3.7m | $3.2m | $2.9m | $2.9m | $3.1m | $4.2m | $4.7m | |
| Depreciation, Amortization and Accretion, Net | $6.4m | $6.0m | $5.5m | $5.2m | $3.8m | $3.3m | $3.3m | $3.5m | $4.2m | $4.7m | |
| Amortization of Intangible Assets | $1.4m | $1.5m | $1.5m | $1.5m | $556k | $398k | $398k | $398k | — | — | |
| Depreciation | $5.0m | $4.5m | $4.0m | $3.7m | $3.2m | $2.9m | $2.9m | $3.1m | $4.2m | $4.6m | |
| Depreciation, Nonproduction | — | — | — | — | — | — | — | — | $4.2m | $4.7m | |
| (Accretion) amortization of fees, premiums, and discounts, net | $8.2m | $10.8m | $15.6m | $20.3m | $15.8m | $3.5m | $1.7m | $1.0m | ($2.6m) | ($7.7m) | |
| Deferred Income Tax Expense (Benefit) | ($14.4m) | $20.8m | $15.8m | $1.6m | ($1.4m) | $1.4m | $5.9m | ($5.7m) | $2.3m | ($9.2m) | |
| Deferred income tax (benefit) expense | ($14.4m) | $20.8m | $15.8m | $1.6m | ($1.4m) | $1.4m | $5.9m | ($5.7m) | $2.3m | ($9.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $2.8m | $3.2m | $3.5m | $5.7m | $6.4m | $8.6m | $7.6m | $11.4m | $15.0m | $19.6m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $6.4m | $8.6m | $7.6m | $11.4m | $15.0m | $19.6m | |
| Stock-based compensation expense | $2.8m | $3.2m | $3.5m | $5.7m | $6.4m | $8.6m | $7.6m | $11.4m | $15.0m | $19.6m | |
| Changes in operating assets and liabilities: | |||||||||||
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | — | $8.3m | $38.4m | $178.3m | |
| Increase in accrued interest receivable | ($1.1m) | ($311k) | ($1.9m) | ($866k) | ($6.8m) | $2.6m | ($14.1m) | ($5.5m) | ($4.2m) | ($1.4m) | |
| Increase (Decrease) in Other Operating Assets | $10.0m | $27.2m | $8.2m | $10.4m | ($2.4m) | $17.0m | $1.8m | $38.5m | $26.2m | ($17.7m) | |
| Increase (Decrease) in Other Operating Liabilities | $27.3m | $6.4m | $8.7m | $10.9m | $9.5m | ($18.4m) | ($5.3m) | $12.5m | ($1.0m) | $7.3m | |
| Decrease (increase) in other assets | ($10.0m) | ($27.2m) | ($8.2m) | ($10.4m) | $2.4m | ($17.0m) | ($1.8m) | ($38.5m) | ($26.2m) | $17.7m | |
| Increase (decrease) in other liabilities | $27.3m | $6.4m | $8.7m | $10.9m | $9.5m | ($18.4m) | ($5.3m) | $12.5m | ($1.0m) | $7.3m | |
| Net Cash Provided by (Used in) Operating Activities | ($218.0m) |
($34.1m)
+84.37%
|
($174.2m)
-411.20%
|
($493.1m)
-183.13%
|
($512.2m)
-3.87%
|
$83.9m
+116.38%
|
$121.0m
+44.21%
|
$186.7m
+54.34%
|
$227.7m
+21.92%
|
$265.0m
+16.41%
|
|
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $8.0m | $515k | $2.4m | $2.0m | $3.7m | $1.5m | $5.1m | $12.7m | $5.0m | $7.1m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($6k) | ($122k) | ($15k) | — | — | — | — | — | $53k | $2k | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $213.7m | $278.3m | $207.7m | $173.9m | $233.8m | $492.3m | $161.1m | $71.1m | $242.7m | $304.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $3.9m | — | — | — | — | — | |
| Net cash (used in) provided by investing activities | ($99.0m) | ($78.3m) | $84.7m | ($233.3m) | ($595.8m) | ($305.9m) | ($828.1m) | $415.6m | ($1.5b) | ($1.1b) | |
| Net Cash Provided by (Used in) Investing Activities | ($99.0m) | ($78.3m) | $84.7m | ($233.3m) | ($595.8m) | ($305.9m) | ($828.1m) | $415.6m | ($1.5b) | ($1.1b) | |
| Cash flows from financing activities: | |||||||||||
| Debt and Equity Securities, Gain (Loss) | — | — | $41k | — | — | ($7k) | ($6k) | ($4k) | ($2k) | — | |
| Proceeds of senior debt offering, net | — | — | — | — | $98.2m | — | — | $3.3m | — | $196.0m | |
| Redemption of senior debt maturity | — | — | — | — | — | — | — | ($3.3m) | — | ($96.4m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $40.0m | $60.0m | $100.0m | $252.4m | $378.3m | |
| Proceeds from Issuance of Common Stock | $74.8m | ($200k) | — | — | — | — | — | $104k | — | $2.1m | |
| Proceeds from the issuance of common stock | $74.8m | ($200k) | — | — | — | $3.4m | $320k | $104k | — | $2.1m | |
| Repurchases of common stock and excise tax | — | — | — | — | — | ($40.0m) | ($60.0m) | ($100.0m) | ($252.4m) | ($378.3m) | |
| Net cash provided (used in) by financing activities | $160.8m |
$22.3m
-86.14%
|
($265.1m)
-1289.98%
|
$1.1b
+521.12%
|
$509.0m
-54.41%
|
$478.3m
-6.04%
|
$993.5m
+107.73%
|
($452.4m)
-145.53%
|
$812.7m
+279.66%
|
$341.7m
-57.96%
|
|
| Net Cash Provided by (Used in) Financing Activities | $160.8m |
$22.3m
-86.14%
|
($265.1m)
-1289.98%
|
$1.1b
+521.12%
|
$509.0m
-54.41%
|
$478.3m
-6.04%
|
$993.5m
+107.73%
|
($452.4m)
-145.53%
|
$812.7m
+279.66%
|
$341.7m
-57.96%
|
|
| Net (decrease) increase in cash and cash equivalents | ($156.1m) | ($90.1m) | ($354.6m) | $390.2m | ($599.0m) | $256.3m | $286.4m | $149.9m | ($468.0m) | ($457.5m) | |
| Cash and cash equivalents, beginning of period | — | $999.1m | $908.9m | $554.3m | $944.5m | $601.8m | $888.2m | $1.0b | $570.1m | $112.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $601.8m | $888.2m | $1.0b | $570.1m | $112.6m | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Provision for Loan, Lease, and Other Losses | $3.4m | $2.9m | $3.6m | $4.4m | $6.1m | $2.5m | $5.7m | $8.5m | $40.0m | $177.7m | |
| Gain (Loss) on Sales of Loans, Net | $2.9m | $17.9m | $20.5m | $24.1m | ($3.9m) | $14.9m | $13.5m | $3.7m | $2.7m | $1.8m | |
| Proceeds from Stock Options Exercised | — | — | $112k | $258k | $866k | $3.4m | $320k | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $12.4m | $15.3m | $27.0m | $37.5m | $13.3m | $11.7m | $57.6m | $156.3m | $173.8m | $172.6m | |
| Income Taxes Paid, Net | $1.5m | $4.2m | $12.7m | $20.7m | $23.0m | $44.3m | $37.8m | $82.6m | $80.8m | $69.8m | |
| Additional Financial Items | |||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | ($4.0m) | ($2.0m) | ($668k) | $1.5m | $4k | — | — | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | $3.1m | $1.8m | $979k | $963k | ($3.6m) | ($285k) | ($6.1m) | ($3.1m) | ($683k) | — | |
| Gain (Loss) on Disposition of Business | — | ($3.4m) | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Mortgage Loans | ($2.9m) | $17.9m | $20.8m | $25.0m | $1.7m | $12.9m | $18.6m | $7.0m | $3.7m | $1.8m | |
| Gain (Loss) Related to Litigation Settlement | — | ($2.3m) | $290k | ($8.9m) | — | — | — | — | — | — | |
| Goodwill | — | — | — | — | — | — | — | — | — | $263k | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($56.8m) | $17.3m | $87.5m | $51.3m | $80.6m | $110.4m | $130.2m | $192.3m | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($39.7m) | $4.3m | $1.1m | $291k | ($512k) | $212k | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($39.7m) | $4.3m | $1.1m | $291k | ($512k) | $212k | — | — | — | — | |
| Income Tax Expense (Benefit) | ($12.7m) | $23.1m | $32.2m | $21.2m | $27.7m | $33.7m | $47.7m | $64.5m | $74.6m | $74.8m | |
| Operating Lease, Expense | — | — | — | — | — | $3.6m | $3.7m | $4.3m | $5.4m | $5.1m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $3.2m | $2.2m | $41k | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | $7.5m | — | — | $116.8m | $141.1m | |
| Provision for credit loss, total | — | — | — | — | — | — | — | $18.3m | $38.4m | $177.7m | |
| Fintech loan credit enhancement income | — | — | — | — | — | — | — | — | ($30.7m) | ($169.3m) | |
| Realized gains on commercial loans, at fair value | $2.9m | ($17.9m) | ($20.8m) | ($25.0m) | ($1.7m) | ($12.9m) | ($18.6m) | ($7.0m) | ($3.7m) | ($1.8m) | |
| Gain on sale of fixed assets | $6k | $122k | $15k | — | — | — | — | — | ($53k) | ($2k) | |
| Gain on sale of other real estate owned | — | $19k | — | — | — | $315k | — | — | — | ($754k) | |
| Write-down of other real estate owned | — | — | $45k | — | — | — | — | $1.1m | — | — | |
| Change in fair value of commercial loans, at fair value | — | $2.0m | $979k | ($963k) | $3.6m | $1.5m | $6.1m | $3.1m | $683k | — | |
| Change in fair value of derivatives | ($3.2m) | ($1.8m) | ($647k) | $1.9m | $2.0m | ($1.7m) | ($961k) | $124k | $284k | — | |
| Loss on sales of investment securities | ($3.2m) | ($2.2m) | ($41k) | — | — | $7k | $6k | $4k | $2k | — | |
| Purchase of investment securities available-for-sale | ($549.5m) | ($579.9m) | ($134.8m) | ($157.5m) | ($34.7m) | ($259.1m) | ($24.2m) | ($49.0m) | ($991.2m) | ($433.8m) | |
| Proceeds from redemptions and prepayments of securities available-for-sale | $213.7m | $278.3m | $207.7m | $173.9m | $233.8m | $492.3m | $161.1m | $71.1m | $242.7m | $304.9m | |
| Sale of repossessed assets | — | — | — | — | $14.7m | $910k | $1.8m | $7.9m | $11.0m | $3.5m | |
| Proceeds from sale of other real estate owned | — | $85k | $405k | — | — | $300k | $2.3m | $5.8m | $1.6m | $6.2m | |
| Net (increase) decrease in loans | ($146.4m) | ($172.9m) | ($115.1m) | ($322.6m) | ($836.2m) | ($1.1b) | ($1.7b) | $142.3m | ($877.4m) | ($1.2b) | |
| Credit enhancement agreement cash inflows | — | — | — | — | — | — | — | — | $17.7m | $151.1m | |
| Capitalized investment in other real estate owned | — | — | — | — | — | — | — | — | ($1.7m) | ($2.1m) | |
| Commercial loans, at fair value drawn during the period | — | — | — | ($1.8b) | ($721.6m) | ($127.8m) | ($66.1m) | ($134.3m) | — | ($3.7m) | |
| Payments on commercial loans, at fair value | — | — | — | $1.2b | $88.7m | $645.3m | $782.2m | $384.4m | $109.6m | $88.9m | |
| Proceeds from sale of fixed assets | $542k | $945k | — | — | $15k | — | — | — | $133k | $174k | |
| Net increase (decrease) in deposits | ($176.5m) | $22.5m | ($325.1m) | $1.1b | $410.0m | $514.9m | $1.1b | ($349.2m) | $1.1b | $419.4m | |
| Net decrease in securities sold under agreements to repurchase | ($651k) | ($57k) | ($124k) | ($11k) | ($40k) | — | — | — | ($42k) | — | |
| Transfers to other real estate owned from commercial loans, at fair value, and loans, net | — | — | — | — | — | — | — | $2.7m | $45.0m | $2.0m | |
| Leased vehicles transferred to repossessed assets | — | — | — | — | $15.3m | $1.0m | $2.0m | $9.4m | $9.9m | $3.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.