TBBK
The Bancorp Inc.
stock NASDAQ

Be careful with TBBK.  That REBL loan book has been giving them trouble for over a year now and management hasn’t been fully honest about it tbh.  

In a market obsessed with mega-cap narratives and AI hype cycles, I’ve been hunting for under-followed small and mid-cap names where quality, valuation, and durable growth still intersect. These aren’t lottery tickets, but businesses with repeatable economic engines, real free cash flow and long runways.
Ituran Location and Control (ITRN)
Profile:
Israel-based telematics company providing vehicle tracking, fleet management and stolen vehicle recovery services across Latin America and other emerging markets.
Thesis:
A rare profitable telematics play with 25%+ ROIC, near debt-free balance sheet and a sticky recurring revenue model serving automotive and fleet security. Trading at just 11x EV/FCF, Ituran combines defensive cash flows with exposure to an expanding install base. Management has consistently bought back stock and hiked dividends, owner-operator incentives are real here.
Kongsberg Gruppen (KOG)
Profile:
Norwegian industrial and defense conglomerate, specializing in maritime automation, advanced defense systems and renewables technology.
Thesis:
Kongsberg is the high-tech Norwegian outlier, blending defense, maritime automation and renewables. ROIC near 10% with a clean 0.28 debt/equity and €26B market cap puts it in the EU “sleep well” category. Secular tailwinds in defense tech and global marine digitization provide an enviable backlog and optionality on margins as automation deepens.
4imprint Group (FOUR.L)
Profile:
US- and UK-based distributor of promotional products and branded merchandise, operating with an asset-light D2C model.
Thesis:
Most overlook branded swag but 4imprint’s asset-light model churns out 1.12 ROIC, six-figure FCF, and double-digit growth, with nearly zero leverage. At 10x EV/FCF, you get a founder-led, cash-rich compounder with a dominant US niche. They’ve returned cash via buybacks and special dividends. It’s a distribution engine hiding in plain sight.
Evolution AB (EVO.ST)
Profile:
Swedish provider of live casino and gaming infrastructure, serving regulated B2B customers globally.
Thesis:
Global leader in B2B live casino infrastructure, Evolution is the rare small/mid-cap with a true economic moat 0.27 ROIC, near-zero debt and sticky platform relationships with top gaming operators. EV/FCF remains reasonable for a business growing double-digits organically. This is the backend for regulated online gaming worldwide, with both Europe and North America as growth drivers.
The Bancorp (TBBK)
Profile:
US-based bank specializing in providing white-label banking services and payment solutions to fintech and financial platforms.
Thesis:
A fintech infrastructure backbone, not another neobank. The Bancorp has quietly built a high-ROIC (13%), small-bank operation supplying white-label banking for top fintechs and payments players. With a 0.36 debt/equity, 9x EV/FCF, and accelerating deposit growth, it sits at the intersection of old-school discipline and digital financial rails.

# Today is Thursday, the 24th of July
## Upcoming events for Thursday, July 24th
- Expected earnings:
AAL, AB, ADT, AEYE, ALEX, ALLE, AMAL, AMBP, AMP, AMSF, AOS, AROW, ASB, ASPS, AUB, BC, BELFA, BELFB, BFH, BHLB, BJRI, BPRN, BRBS, BVN, BWMX, BX, BY, BYD, CARE, CIVB, CNP, CNX, COFS, COKE, COLB, COUR, CTS, CUBI, CX, DAIO, DAR, DB, DCOM, DECK, DGICA, DGICB, DLR, DOC, DOV, DOW, EBC, ENSG, ENVA, ERIE, ESCA, ESQ, EW, FBIZ, FCFS, FCN, FFBC, FFIC, FINW, FISI, FIX, FLEX, FNWB, FPH, FRST, FSFG, FSV, FTI, GBCI, GLPI, GPI, GTX, HFWA, HNI, HON, HONE, HTBK, HTH, HXL, HZO, IBCP, IMAX, INTC, IRDM, ISBA, ITGR, IVR, JAKK, KDP, KN, KNSL, KRNY, LADR, LARK, LAZ, LBRT, LH, LHX, LKQ, LYG, MBLY, MC, MDCX, MGRC, MGYR, MHK, MOFG, MPX, MSBI, MTLS, MTX, MYFW, NDAQ, NEM, NOK, NVCR, OCFC, OMAB, OPBK, OPOF, OPTT, ORC, ORI, OVV, PCB, PECO, PFIS, PFS, PHIN, PINE, PKX, POOL, PSHG, PWOD, R, RBKB, RES, RGP, RMBI, RPM, RPT, RVSB, SAH, SAM, SBCF, SBFG, SCHL, SHBI, SKYW, SLM, SRCE, SSB, STBA, STM, TBBK, TCBK, TECK, THRM, TPH, TR, TRU, TSCO, TTE, TXT, UBSI, ULBI, ULH, UNP, USCB, UTMD, UVE, VALE, VC, VLO, VLY, VOD, VRSN, VTMX, WAB, WNS, WRLD, WSFS, WST, WTBA, WY, XRX
- Ex-div:
GLDY, QDTY, QQQY, RDTY, SDTY, USOY
- Economic events and announcements:
- 20-Year Bond Auction (actual: 4.935%, previous: 4.942%)
- Crude Oil Imports (actual: -0.740M, previous: -0.395M)
- Crude Oil Inventories (actual: -3.169M, consensus: -1.400M, previous: -3.859M)
- Cushing Crude Oil Inventories (actual: 0.455M, previous: 0.213M)
- Distillate Fuel Production (actual: 0.095M, previous: -0.109M)
- EIA Refinery Crude Runs (actual: 0.087M, previous: -0.157M)
- EIA Weekly Distillates Stocks (actual: 2.931M, consensus: -1.100M, previous: 4.173M)
- EIA Weekly Refinery Utilization Rates (actual: 1.6%, previous: -0.8%)
- Existing Home Sales (actual: -2.7%, previous: 1.0%)
- Existing Home Sales (actual: 3.93M, consensus: 4.00M, previous: 4.04M)
- Gasoline Inventories (actual: -1.738M, consensus: -0.900M, previous: 3.399M)
- Gasoline Production (actual: 0.282M, previous: -0.815M)
- Heating Oil Stockpiles (actual: 0.003M, previous: -0.846M)
- MBA 30-Year Mortgage Rate (actual: 6.84%, previous: 6.82%)
- MBA Mortgage Applications (actual: 0.8%, previous: -10.0%)
- MBA Purchase Index (actual: 165.1, previous: 159.6)
- Mortgage Market Index (actual: 255.5, previous: 253.5)
- Mortgage Refinance Index (actual: 747.5, previous: 767.6)
## Upcoming events for Friday, July 25th
- Stock splits:
- IMNN @ **1:15**
- VRCA @ **1:10**
- Expected earnings:
AFBI, AN, AON, BAH, BCBP, BHRB, BOTJ, CHTR, CNC, CPF, CRI, E, EAF, EFSI, FCAP, FCNCA, FHB, FLG, GLBZ, GNTX, GRC, HCA, HFBL, LEA, LKFN, MOG.A, MOG.B, MRBK, NWG, OMF, OPY, OVBC, POR, PSX, RDY, RRBI, SAIA, SBSI, SCCO, SHG, STEL, SXT, TMP, TNET, VABK, VALU, VRTS, WNC
- Ex-div:
CNXC, COKE, GEHC, KALU, LKFN, OSBC, OVBC, UG, UNB
- Economic events and announcements:
- 10-Year TIPS Auction (previous: 2.220%)
- 4-Week Bill Auction (previous: 4.230%)
- 8-Week Bill Auction (previous: 4.270%)
- Building Permits (consensus: 1.397M, previous: 1.394M)
- Building Permits (previous: -2.0%)
- Chicago Fed National Activity (previous: -0.28)
- Continuing Jobless Claims (consensus: 1,960K, previous: 1,956K)
- Fed's Balance Sheet (previous: 6,659B)
- Initial Jobless Claims (consensus: 227K, previous: 221K)
- Jobless Claims 4-Week Avg. (previous: 229.50K)
- KC Fed Composite Index (previous: -2)
- KC Fed Manufacturing Index (previous: 5)
- Natural Gas Storage (consensus: 28B, previous: 46B)
- New Home Sales (consensus: 649K, previous: 623K)
- New Home Sales (previous: -13.7%)
- Reserve Balances with Federal Reserve Banks (previous: 3.375T)
- S&P Global Composite PMI (previous: 52.9)
- S&P Global Manufacturing PMI (consensus: 52.7, previous: 52.9)
- S&P Global Services PMI (consensus: 53.0, previous: 52.9)
## Upcoming events for Saturday, July 26th
- Economic events and announcements:
- Atlanta Fed GDPNow (consensus: 2.4%, previous: 2.4%)
- CFTC Aluminium speculative net positions (previous: 0.5K)
- CFTC Copper speculative net positions (previous: 40.7K)
- CFTC Corn speculative net positions (previous: -129.5K)
- CFTC Crude Oil speculative net positions (previous: 162.4K)
- CFTC Gold speculative net positions (previous: 213.1K)
- CFTC Nasdaq 100 speculative net positions (previous: 34.9K)
- CFTC Natural Gas speculative net positions (previous: -74.0K)
- CFTC S&P 500 speculative net positions (previous: -167.8K)
- CFTC Silver speculative net positions (previous: 59.4K)
- CFTC Soybeans speculative net positions (previous: 15.3K)
- CFTC Wheat speculative net positions (previous: -65.5K)
- Core Durable Goods Orders (consensus: 0.1%, previous: 0.5%)
- Durable Goods Orders (consensus: -10.4%, previous: 16.4%)
- Durables Excluding Defense (previous: 15.5%)
- Goods Orders Non Defense Ex Air (consensus: 0.2%, previous: 1.7%)
- U.S. Baker Hughes Oil Rig Count (consensus: 421, previous: 422)
- U.S. Baker Hughes Total Rig Count (previous: 544)
^^^^2025-07-24