WILMINGTON, DE — The Bancorp, Inc. (NASDAQ: TBBK) announced it received a notice from the Nasdaq Global Select Market’s Listing Qualifications Department on March 27, 2025, regarding the company’s delayed filing of its Annual Report for the year ending December 31, 2024. The notice indicates that The Bancorp is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports.
The company clarified that the notice has no immediate impact on the trading or listing of its common stock on Nasdaq. However, failure to address the issue could lead to potential delisting.
According to Nasdaq rules, The Bancorp has 60 days from the notice date to either file its Annual Report or submit a plan to regain compliance. If the plan is accepted, the company could secure up to an additional 180 days to meet the requirements. Should Nasdaq reject the plan, the company may appeal the decision to a hearings panel.
The Bancorp assured stakeholders that it is working diligently to finalize the filing process. The company stated that it remains focused on addressing the matter within the allotted timeframe to ensure compliance with Nasdaq’s regulations.
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