Stock fact sheet · data as of
The Bancorp, Inc. (TBBK): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Value
Is TBBK undervalued?
TBBK has a margin of safety of 68%: the stock closed at 48.39 on 16 Oct 2026 against a GLS average fair value of 151.48. 6 of the 8 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
There is a wide gap between DCF (28.87) and GLS Growth (342.47). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files TBBK under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for TBBK
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 28.87 | -40% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 46.27 | -4% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 319.99 | +561% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 139.85 | +189% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 342.47 | +608% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 115.96 | +140% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 156.26 | +223% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 62.16 | +28% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -208.08 | -530% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 64.00 | +32% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
The Bancorp, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 8.0/10 puts TBBK among the more durable businesses we track: over ten years the metrics the score watches (revenue, EPS, book value, margins, cash flow, ROIC) have mostly moved the right way, year after year.
Returns on capital are high - ROIC 25.0%, ROE 33.1%, ROA 2.4% - with debt at 0.32 times equity and a free-cash-flow yield of 8.3%.
The Bancorp, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Prepaid Card Fees 81%, Credit Card, Merchant Discount 19% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 4/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 25.0% |
|---|---|---|---|
| GLS Moat | 8.0 / 10 | ROE | 33.1% |
| Debt / equity | 0.32 | ROA | 2.4% |
| Free-cash-flow yield | 8.3% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 4 · 5 / 10 |
Wheel Score 81: Prime
With a Wheel Score of 81, The Bancorp, Inc. sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 25/25, Health 11/20, Moat 12/15, Premium 20/20, Stability 13/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 52% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 1,209 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 492k shares a day on a market cap of $2.0B, with a beta of 1.25 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 13 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 68% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 12 / 15 | moat 8.0/10 | |
| Premium | 20 / 20 | implied volatility 52% | |
| Stability | 13 / 20 | 492k shares/day, $2.0B cap, beta 1.25 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The Bancorp, Inc. reports earnings on 29 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to The Bancorp, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CHCO City Holding Company | 140.94 | 144.70 | +3% | 62Fair | $2.0B |
| SRCE 1st Source Corporation | 84.33 | 103.75 | +19% | 75Good | $2.0B |
| FCF First Commonwealth Financial Corporation | 20.22 | 27.00 | +25% | 82Prime | $2.0B |
| GABC German American Bancorp, Inc. | 49.53 | 65.69 | +25% | 82Prime | $1.9B |
| HTH Hilltop Holdings Inc. | 36.77 | 25.00 | -47% | 50Fair | $2.1B |
| EFSCP Enterprise Financial Services Corp | 15.78 | 48.37 | +67% | 39No options | $2.1B |
| WAFDP WaFd, Inc. | 14.90 | 33.53 | +56% | 39No options | $2.1B |
| WAFD WaFd, Inc. | 28.91 | 40.88 | +29% | 79Good | $2.1B |
| EFSC Enterprise Financial Services Corp | 59.27 | 80.50 | +26% | 82Prime | $2.1B |
| NWBI Northwest Bancshares, Inc. | 14.89 | 13.04 | -14% | 61Fair | $2.2B |
| OFG OFG Bancorp | 52.13 | 66.55 | +22% | 76Good | $2.2B |
| MBIN Merchants Bancorp | 48.95 | 125.01 | +61% | 68Good | $2.2B |
⚖ Compare TBBK with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about TBBK
Is TBBK undervalued right now?
By the GLS models, yes: at 48.39 the stock is 68% below the average fair value of 151.48 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of TBBK and what does it mean?
TBBK scores 81 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for TBBK?
151.48 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does The Bancorp, Inc. report earnings next?
The next earnings report is due on 29 Oct 2026 (after the close), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does TBBK have listed options, and how liquid are they?
Yes. The nightly snapshot found 136 listed contracts with 1,209 open interest across all expiries and implied volatility of 52% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.