The Bancorp, Inc. and The Bancorp Bank, N.A. Receive Affirmed Ratings from KBRA

Key Terms

banking-as-a-service financial

Banking-as-a-service is a model where a licensed bank provides core financial services—like deposit accounts, payments, lending, and compliance—as modular software that other companies can plug into their own products. For investors, it matters because it lets nonbank firms sell banking features without building a bank from scratch, creating new revenue streams, faster user growth, and platform value, while also concentrating regulatory and credit risks for providers.

non-interest income financial

Non-interest income is the money a bank or financial company earns from activities other than charging interest on loans, such as service fees, account charges, trading gains, and income from managing client investments. For investors, it matters because it diversifies a firm’s revenue stream—like a store that sells both products and offers repair services—making profits less tied to lending rates and helping stability when interest-driven income falls.

return on average assets financial

Return on average assets (ROAA) measures how efficiently a company turns its assets into profit by comparing profit after expenses to the average value of its assets over a period (usually the average of beginning and ending assets). It matters to investors because it shows how well management uses the company’s resources to generate returns—think of it as how much profit a baker earns from the oven space they actually used over time.

cost of funds financial

The cost of funds is the average price a company or bank pays to obtain money—through deposits, loans, bonds or other borrowings—that it uses to run the business or make investments. It matters to investors because higher borrowing costs act like a heavier mortgage payment for a household, reducing profits, cash flow and the ability to pay dividends or invest in growth, while lower costs boost competitiveness and valuation.

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WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. (NASDAQ: TBBK) today announced that Kroll Bond Rating Agency, LLC (“KBRA”) has affirmed all long- and short-term credit ratings for both The Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, The Bancorp Bank, N.A. (the “Bank”) (collectively, “The Bancorp”).

For the Company, KBRA affirmed a BBB+ rating for senior unsecured debt, a BBB rating for subordinated debt, and a K2 rating for short-term debt. In addition, KBRA affirmed the Bank’s A- ratings for deposit and senior unsecured debt, BBB+ rating for subordinated debt, and K2 ratings for short-term deposit and debt. The outlook for long-term ratings is Stable.

Highlights from KBRA’s rating announcement include:

• Industry leadership: KBRA cited The Bancorp’s long-standing position as a leader in the banking-as-a-service industry, particularly in the prepaid and debit card space, where the Bank is the largest issuer by transaction volume.
• Revenue and earnings performance: KBRA noted The Bancorp’s non-interest income increased 16% year over year during the first half of 2026, excluding fintech loan credit enhancement. Fee income represented approximately 1.9% of average assets in the first half of 2026 and return on average assets has remained at or above 2.5% since 2023.
• Funding and partnerships: KBRA highlighted The Bancorp’s total cost of funds of 1.86% for the first half of 2026. KBRA also noted the Bank’s granular and durable deposit base and effective management of partnerships with mature companies under long-term contracts, with partnerships generally spread across multiple business lines.

“We are pleased with KBRA’s affirmation of our ratings, which reflects our continued strong financial performance and strategic positioning,” said Dominic C. Canuso, Chief Financial Officer of The Bancorp. “This recognition reinforces the strength of our business model and the disciplined progress we continue to make in executing our APEX 2030 strategy.”

The full KBRA rating report and press release are available here. KBRA’s ratings and analysis represent the agency’s independent opinions and should not be considered statements of fact or investment recommendations by KBRA or The Bancorp.

About The Bancorp

The Bancorp, Inc. (NASDAQ: TBBK), through its subsidiary, The Bancorp Bank, N.A., is defining the future of banking. As one of the first banks to embrace fintech, The Bancorp has been a driving force behind the industry’s evolution, serving as an essential financial enabler of fintech innovation for more than 25 years. Led by its Fintech Solutions business, the company delivers a dynamic portfolio of payment and lending solutions that empowers its clients to turn bold ideas into real-world success.

Ranked by the Nilson Report as the No. 1 issuer of prepaid cards in the U.S. and among the top 10 debit card issuers nationally, The Bancorp also holds leading positions in its Institutional Banking, Small Business Lending, Fleet Management Services, and Real Estate Bridge Lending businesses. Across every line of business, The Bancorp fosters prosperity through the perpetual transformation of banking and aims to drive growth for its clients, investors, employees, and the communities it serves.

For more information, visit thebancorp.com.

Forward-Looking Statements

Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements provide management’s current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Sentences containing words such as “believe,” “intend,” “plan,” “may,” “expect,” “should,” “could,” “anticipate,” “estimate,” “predict,” “project,” or their negatives, or other similar expressions of a future or forward-looking nature generally should be considered forward-looking statements. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. The Company undertakes no obligation to review or update any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260803264012/en/

Media Relations
Rachel Brick
Director of Strategic Communications
(302) 385-5410
rbrick@thebancorp.com

Investor Relations
Andres Viroslav, Director of Investor Relations
The Bancorp
(215) 861-7990
aviroslav@thebancorp.com

Source: The Bancorp, Inc.