The Bancorp (TBBK) Stock Drop Lawsuit Investigation (2025)
We are investigating whether The Bancorp, Inc. (NASDAQ: TBBK) misled or provided false statements to investors in violation of federal securities laws. This potential lawsuit seeks to help The Bancorp Inc. shareholders recover their losses.
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Why is The Bancorp, Inc. (NASDAQ: TBBK) Stock Dropping?
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.
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