The Bancorp, Inc. Under Investigation After It Inappropriately Filed Annual Report; Investors Urged to Contact Award-Winning Firm, Gibbs Law Group LLP

OAKLAND, Calif.--(BUSINESS WIRE)--Shares of The Bancorp, Inc. (“The Bancorp”) fell over 6% in intraday trading on Wednesday, March 5, 2025, after the company disclosed that it had “inappropriately filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024,” and its financial statements from fiscal years 2022 through 2024 should no longer be relied upon. Gibbs Law Group is investigating a potential The Bancorp, Inc. (NASDAQ: TBBK) Securities Class Action Lawsuit on behalf of shareholders who lost money in The Bancorp, Inc.

What Should The Bancorp, Inc. Investors Do?

If you invested in The Bancorp, visit our The Bancorp investigation webpage, or call us at [phone] to get more information about how you may be able to recover your losses. Our investigation concerns whether The Bancorp, Inc. has violated federal securities laws by providing false or misleading statements to investors.

What is the The Bancorp, Inc. (TBBK) Lawsuit Investigation About?

After the market closed on March 4, 2025, The Bancorp, Inc. disclosed that it had “inappropriately filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.” According to The Bancorp, its financial statements from fiscal years 2022 through 2024 should no longer be relied upon because the company’s independent public accounting firm, Crowe LLP, did not provide final approval to include its audit opinion for the fiscal year 2024. Further, the company’s prior independent public accounting firm, Grant Thornton LLP, did not provide approval to include its audit opinion for the fiscal years 2022 and 2023.

Following this news, shares of The Bancorp dropped over 6% in intraday trading on March 5, 2025, causing harm to investors.

About Gibbs Law Group

Gibbs Law Group represents investors nationwide in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Class Action Practice Group of the Year,” “Consumer Protection MVP,” and “Top Women Lawyers in California.”

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