The Bancorp Reports 2Q 2026 EPS of $1.45, ROA of 2.51%, and ROE of 34.7% Driven by Strong Growth in Loans and Fintech Fees; Continued Improvement in Credit and Cost Efficiencies
Second Quarter 2026 Highlights
-
Earnings per diluted share (“EPS”) of
$1.45 $1.27 14.2% . -
Net income of
$60.7 million $59.8 million -
Return on assets of
2.51% compared to2.64% for 2Q 2025. -
Return on equity of
34.7% compared to28.4% for 2Q 2025. -
Net interest income of
$90.5 million $97.5 million -
Net interest margin of
3.85% compared to4.44% for 2Q 2025. -
Ending Loans, net of deferred fees and costs of
$7.07 billion $6.54 billion 8.2% increase, and$7.75 billion 8.8% decrease (not annualized). -
Ending Fintech loans of
$901.5 million 12.5% of total loans, a32.5% increase from$680.5 million 45.3% decrease (not annualized) from$1.65 billion $1.39 billion $853.9 million 159.0% from 2Q 2025, and an increase of$275.7 million 24.7% (not annualized), compared to 1Q 2026. -
Average deposits of
$8.41 billion $357.2 million 4.4% from 2Q 2025 and increased$97.3 million 1.2% (not annualized) from 1Q 2026. The average cost of deposits was1.63% compared to2.18% for 2Q 2025 and1.70% in 1Q 2026. -
Gross dollar volume (“GDV”), representing the total amount spent on prepaid, debit and credit cards totaled
$53.45 billion $9.80 billion 22.5% , compared to$43.65 billion $939.9 million 1.8% (not annualized), compared to 1Q 2026. -
Consumer credit fees from fintech loans increased
64.9% to$6.5 million $4.0 million 17.0% from$5.6 million -
Total prepaid, debit card, ACH, and other payment fees of
$34.3 million $2.7 million 8.4% , compared to$31.7 million $1.8 million 5.8% , compared to$32.5 million -
Non-interest income totaled
$73.0 million 44.7% of total revenue and$47.3 million 34.3% of total revenue when excluding credit enhancement income.* This compares to46.2% of total revenue in 2Q 2025, or29.4% when excluding credit enhancement income,* and45.0% of total revenue in 1Q 2026, or33.0% when excluding credit enhancement income.* -
Share repurchases of
$50.0 million 2.1% of issued and outstanding shares, at an average cost of$57.46
_______
* See “Non-GAAP Financial Measures” section at the end of the document for a detailed description.
“Our performance in the second quarter of 2026 significantly surpassed our own forecasts of profitability and GDV growth, which we believe demonstrates our strong momentum as we head into the second half of the year,” said Damian Kozlowski, President and CEO of The Bancorp. “We are increasing our full-year 2026 EPS guidance to a range of
(Dollars in thousands except per share data and where otherwise noted. Unaudited) |
|
|
2Q 2026 |
|
|
|
|
1Q 2026 |
|
|
|
|
2Q 2025 |
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Key Performance Metrics: |
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|
||||||
Return on assets(1) |
|
|
2.51 |
% |
|
|
|
2.57 |
% |
|
|
|
2.64 |
% |
|
Return on equity(1) |
|
|
34.7 |
% |
|
|
|
35.1 |
% |
|
|
|
28.4 |
% |
|
Efficiency ratio(2) |
|
|
41.0 |
% |
|
|
|
41.5 |
% |
|
|
|
41.5 |
% |
|
Net interest margin |
|
|
3.85 |
% |
|
|
|
3.87 |
% |
|
|
|
4.44 |
% |
|
Non-interest income as a percentage of total revenue |
|
|
44.7 |
% |
|
|
|
45.0 |
% |
|
|
|
46.2 |
% |
|
Non-interest income as a percentage of total revenue (excluding credit enhancement income)(2) |
|
|
34.3 |
% |
|
|
|
33.0 |
% |
|
|
|
29.4 |
% |
|
Fintech fees as a percentage of total revenue |
|
|
25.0 |
% |
|
|
|
23.6 |
% |
|
|
|
19.7 |
% |
|
Fintech fees as a percentage of total revenue (excluding credit enhancement income)(2) |
|
|
29.7 |
% |
|
|
|
28.7 |
% |
|
|
|
25.8 |
% |
|
Book value per share (as of period end) |
|
$ |
17.19 |
|
|
|
$ |
16.65 |
|
|
|
$ |
18.60 |
|
|
|
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|
|
|
|
|
|
||||||
Results of Operations: |
|
|
|
|
|
|
|
|
|
||||||
Net income |
|
$ |
60,656 |
|
|
|
$ |
60,069 |
|
|
|
$ |
59,821 |
|
|
Net income per share - diluted |
|
$ |
1.45 |
|
|
|
$ |
1.41 |
|
|
|
$ |
1.27 |
|
|
Weighted average shares - diluted |
|
|
41,794,160 |
|
|
|
|
42,594,824 |
|
|
|
|
47,182,770 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Net interest income |
|
$ |
90,466 |
|
|
|
$ |
88,814 |
|
|
|
$ |
97,492 |
|
|
Provision (reversal) for credit losses on non-fintech loans |
|
$ |
365 |
|
|
|
$ |
(1,348 |
) |
|
|
$ |
1,494 |
|
|
Non-interest income - total fintech fees |
|
$ |
40,894 |
|
|
|
$ |
38,069 |
|
|
|
$ |
35,645 |
|
|
Total non-interest expense |
|
$ |
56,476 |
|
|
|
$ |
55,026 |
|
|
|
$ |
57,223 |
|
|
Income tax expense |
|
$ |
20,285 |
|
|
|
$ |
18,643 |
|
|
|
$ |
19,828 |
|
|
|
|
|
|
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||||||
Volume: |
|
|
|
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|
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|
||||||
Average loan portfolio (dollars in millions) |
|
$ |
7,629 |
|
|
|
$ |
7,255 |
|
|
|
$ |
6,569 |
|
|
Average assets (dollars in millions) |
|
$ |
9,704 |
|
|
|
$ |
9,484 |
|
|
|
$ |
9,088 |
|
|
Average deposits (dollars in millions) |
|
$ |
8,414 |
|
|
|
$ |
8,317 |
|
|
|
$ |
8,057 |
|
|
Prepaid debit, and credit card gross dollar volume (GDV)(3) |
|
$ |
53,452,821 |
|
|
|
$ |
52,512,908 |
|
|
|
$ |
43,649,005 |
|
|
| __________ | |
(1) |
Annualized. |
(2) |
See “Non-GAAP Financial Measures” section at the end of the document for detailed description. |
(3) |
Gross dollar volume represents the total dollar amount spent on prepaid, debit and credit cards issued by The Bancorp Bank, N.A. |
Earnings Release Conference Call
Management will conduct a conference call to review second quarter of 2026 results at 8:00 AM ET on Friday, July 31, 2026. Interested parties may access the live conference call by clicking on the webcast link on The Bancorp’s homepage at www.thebancorp.com or by dialing 1.833.461.5787 and entering Conference ID 274712196.
For those who cannot access the live broadcast, the replay will be available following the live call via webcast on The Bancorp’s website or by visiting https://events.q4inc.com/attendee/274712196.
Financial Results:
Loan Portfolio
The following table summarizes our total loan portfolio at June 30, 2026 compared to prior periods:
(in thousands) |
June 30,
|
|
March 31,
|
|
June 30,
|
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|
Mix |
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|
Mix |
|
|
Mix |
||||||
Loans, at amortized cost: |
|
|
|
|
|
|
|
|
||||||
Real estate bridge lending |
$ |
2,233,688 |
31.1 |
% |
|
$ |
2,279,454 |
28.9 |
% |
|
$ |
2,140,039 |
31.8 |
% |
SBLOC / IBLOC |
|
1,825,301 |
25.4 |
% |
|
|
1,708,709 |
21.7 |
% |
|
|
1,601,405 |
23.8 |
% |
Small business loans |
|
1,034,264 |
14.4 |
% |
|
|
998,860 |
12.7 |
% |
|
|
958,546 |
14.3 |
% |
Fintech |
|
901,502 |
12.5 |
% |
|
|
1,646,600 |
20.9 |
% |
|
|
680,487 |
10.1 |
% |
Direct lease financing |
|
670,902 |
9.3 |
% |
|
|
678,740 |
8.6 |
% |
|
|
698,086 |
10.4 |
% |
Advisor financing |
|
240,049 |
3.3 |
% |
|
|
270,811 |
3.4 |
% |
|
|
272,155 |
4.0 |
% |
Other loans |
|
152,604 |
2.3 |
% |
|
|
155,825 |
2.0 |
% |
|
|
169,945 |
2.7 |
% |
Total loans |
|
7,058,310 |
98.3 |
% |
|
|
7,738,999 |
98.2 |
% |
|
|
6,520,663 |
97.1 |
% |
Unamortized loan fees and costs |
|
15,596 |
0.2 |
% |
|
|
14,684 |
0.2 |
% |
|
|
14,769 |
0.2 |
% |
Loans, net of deferred fees and costs |
$ |
7,073,906 |
98.5 |
% |
|
$ |
7,753,683 |
98.4 |
% |
|
$ |
6,535,432 |
97.3 |
% |
|
|
|
|
|
|
|
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|
||||||
Loans, at fair value: |
|
|
|
|
|
|
|
|
||||||
SBLs, at fair value |
$ |
60,617 |
0.8 |
% |
|
$ |
64,530 |
0.8 |
% |
|
$ |
76,830 |
1.1 |
% |
Real estate bridge loans (non-SBA), at fair value |
|
53,545 |
0.7 |
% |
|
|
63,730 |
0.8 |
% |
|
|
108,646 |
1.6 |
% |
Total commercial loans, at fair value |
$ |
114,162 |
1.5 |
% |
|
$ |
128,260 |
1.6 |
% |
|
$ |
185,476 |
2.7 |
% |
|
|
|
|
|
|
|
|
|
||||||
Total loan portfolio |
$ |
7,188,068 |
100.0 |
% |
|
$ |
7,881,943 |
100.0 |
% |
|
$ |
6,720,908 |
100.0 |
% |
As of June 30, 2026, Loans, net of deferred fees and costs were
Fintech loans of
Average Fintech loans were
Deposits & Liquidity
Average deposits for 2Q 2026 were
The average interest rate on deposits for 2Q 2026 was
Our fintech partnerships generate
As of June 30, 2026, we had
We maintain secured borrowing lines of credit with the Federal Reserve Bank and Federal Home Loan Bank that are collateralized by pledged loans and investments. As of June 30, 2026, we had
Net Interest Income and Net Interest Margin
Net interest income was
Net interest margin was
Credit Quality
Total Provision, including provision for fintech loans that are supported by credit enhancements, was
The allowance for credit losses was
Total net charge-offs for 2Q 2026, including fintech loans which are supported by credit enhancements, were
Ending total criticized loans of
Non-Interest Income
Non-interest income for 2Q 2026 was
Excluding credit enhancement, non-interest income for 2Q 2026 was
Non-interest income mix to total revenue, excluding credit enhancement,* was
Non-Interest Expense
Total non-interest expense of
Efficiency ratio was
Income Taxes
Income tax expense was
Capital
As of June 30, 2026, capital levels for The Bancorp Bank, N.A. (the “Bank”) continue to be strong and in excess of the “Well Capitalized” regulatory benchmarks, with Tier 1 Capital to average assets (Leverage), Tier 1 Capital to Risk-Weighted Assets, Total Capital to Risk-Weighted Assets and Common Equity Tier 1 to Risk-Weighted Assets ratios for the Bank of
Book value per common share at June 30, 2026 was
Compared to June 30, 2025, total shareholders’ equity decreased by
Outstanding shares decreased by 815,066 since March 31, 2026 to 41.043 million, driven primarily by share repurchases. During 2Q 2026, we repurchased 870,129 shares of our common stock, or
________ |
| * See “Non-GAAP Financial Measures” section at the end of the document for detailed description. |
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 https://thebancorp.com/.
Forward-Looking Statements
Statements in this earnings release regarding The Bancorp’s business that are not historical facts are “forward-looking statements.” These statements may be identified by the use of forward-looking terminology, including, but not limited to the words “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “may,” “will,” “could,” “continue,” or the negative thereof and similar terms or expressions. Forward-looking statements include, but are not limited to, statements regarding our anticipated 2026 and 2027 results, including earnings per share accretion, future growth, profitability, productivity and efficiency, the expansion, expected timelines, and implementation of our Fintech initiatives and revenue streams, the possible benefits of our platform restructuring and adoption of AI tools, and share repurchases. Such forward-looking statements relate to our current assumptions, projections, and expectations about our business and future events, including current expectations about important economic and political factors, among other factors, and are subject to risks and uncertainties, which could cause the actual results, events, or achievements to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Factors that could cause results to differ from those expressed in the forward-looking statements also include, but are not limited to the risks and uncertainties referenced or described in The Bancorp’s filings with the Securities and Exchange Commission, including the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other documents that the Company files from time to time with the Securities and Exchange Commission. The forward-looking statements speak only as of the date of this press release. The Bancorp does not undertake any duty to publicly revise or update forward-looking statements in this press release to reflect events or circumstances that arise after the date of this press release, except as may be required under applicable law.
THE BANCORP, INC. SUPPLEMENTAL FINANCIAL INFORMATION (Unaudited) |
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CONDENSED CONSOLIDATED INCOME STATEMENTS |
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(Dollars in thousands, except share and per share data) |
|
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|
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|
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|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
|
2026 |
|
|
|
2025 |
|
|
|
2026 |
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
||||||||
Net interest income |
$ |
90,466 |
|
|
$ |
97,492 |
|
|
$ |
179,280 |
|
|
$ |
189,235 |
|
|
|
|
|
|
|
|
|
||||||||
Provision (reversal) for credit losses on non-fintech loans |
|
365 |
|
|
|
1,494 |
|
|
|
(983 |
) |
|
|
2,368 |
|
Provision for credit losses on fintech loans |
|
25,766 |
|
|
|
43,233 |
|
|
|
54,609 |
|
|
|
89,101 |
|
Provision (reversal) for unfunded commitments |
|
(42 |
) |
|
|
(364 |
) |
|
|
64 |
|
|
|
(253 |
) |
Provision for credit losses, total |
|
26,089 |
|
|
|
44,363 |
|
|
|
53,690 |
|
|
|
91,216 |
|
|
|
|
|
|
|
|
|
||||||||
Net interest income after provision for credit losses |
|
64,377 |
|
|
|
53,129 |
|
|
|
125,590 |
|
|
|
98,019 |
|
|
|
|
|
|
|
|
|
||||||||
Non-interest income: |
|
|
|
|
|
|
|
||||||||
Fintech fees |
|
|
|
|
|
|
|
||||||||
ACH, card, and other payment fees |
|
6,559 |
|
|
|
5,562 |
|
|
|
12,355 |
|
|
|
10,694 |
|
Prepaid, debit card and related fees |
|
27,790 |
|
|
|
26,113 |
|
|
|
54,467 |
|
|
|
51,827 |
|
Consumer credit fintech fees |
|
6,545 |
|
|
|
3,970 |
|
|
|
12,141 |
|
|
|
7,570 |
|
Total fintech fees |
|
40,894 |
|
|
|
35,645 |
|
|
|
78,963 |
|
|
|
70,091 |
|
Net realized and unrealized gains on commercial loans, at fair value |
|
130 |
|
|
|
344 |
|
|
|
136 |
|
|
|
705 |
|
Leasing related income |
|
1,773 |
|
|
|
2,131 |
|
|
|
3,674 |
|
|
|
4,103 |
|
Fintech loan credit enhancement |
|
25,766 |
|
|
|
43,233 |
|
|
|
54,609 |
|
|
|
89,101 |
|
Other non-interest income |
|
4,477 |
|
|
|
2,390 |
|
|
|
8,183 |
|
|
|
3,385 |
|
Total non-interest income |
|
73,040 |
|
|
|
83,743 |
|
|
|
145,565 |
|
|
|
167,385 |
|
|
|
|
|
|
|
|
|
||||||||
Non-interest expense: |
|
|
|
|
|
|
|
||||||||
Salaries and employee benefits |
|
37,426 |
|
|
|
37,134 |
|
|
|
74,903 |
|
|
|
70,803 |
|
Data processing expense |
|
1,387 |
|
|
|
1,227 |
|
|
|
2,696 |
|
|
|
2,432 |
|
Legal expense |
|
1,221 |
|
|
|
1,863 |
|
|
|
2,811 |
|
|
|
3,820 |
|
Legal settlement (reimbursement) |
|
— |
|
|
|
— |
|
|
|
(2,000 |
) |
|
|
— |
|
FDIC insurance |
|
1,106 |
|
|
|
1,202 |
|
|
|
2,357 |
|
|
|
2,255 |
|
Software |
|
5,632 |
|
|
|
5,144 |
|
|
|
11,001 |
|
|
|
10,157 |
|
Other non-interest expense |
|
9,704 |
|
|
|
10,653 |
|
|
|
19,734 |
|
|
|
21,050 |
|
Total non-interest expense |
|
56,476 |
|
|
|
57,223 |
|
|
|
111,502 |
|
|
|
110,517 |
|
Income before income taxes |
|
80,941 |
|
|
|
79,649 |
|
|
|
159,653 |
|
|
|
154,887 |
|
Income tax expense |
|
20,285 |
|
|
|
19,828 |
|
|
|
38,928 |
|
|
|
37,893 |
|
Net income |
$ |
60,656 |
|
|
$ |
59,821 |
|
|
$ |
120,725 |
|
|
$ |
116,994 |
|
|
|
|
|
|
|
|
|
||||||||
Earnings per share - basic |
$ |
1.46 |
|
|
$ |
1.28 |
|
|
$ |
2.89 |
|
|
$ |
2.49 |
|
Earnings per share - diluted |
$ |
1.45 |
|
|
$ |
1.27 |
|
|
$ |
2.86 |
|
|
$ |
2.46 |
|
|
|
|
|
|
|
|
|
||||||||
Weighted average shares - basic |
|
41,461,889 |
|
|
|
46,598,535 |
|
|
|
41,795,740 |
|
|
|
46,904,592 |
|
Weighted average shares - diluted |
|
41,794,160 |
|
|
|
47,182,770 |
|
|
|
42,180,516 |
|
|
|
47,565,580 |
|
CONDENSED CONSOLIDATED BALANCE SHEETS |
|||||||||||||||
(Dollars in thousands) |
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
||||||||
|
June 30,
|
|
March 31,
|
|
December 31,
|
|
June 30,
|
||||||||
Assets: |
|
|
|
|
|
|
|
||||||||
Cash and cash equivalents |
|
|
|
|
|
|
|
||||||||
Cash and due from banks |
$ |
9,527 |
|
|
$ |
8,673 |
|
|
$ |
8,038 |
|
|
$ |
11,637 |
|
Interest-earning deposits |
|
70,556 |
|
|
|
58,510 |
|
|
|
104,611 |
|
|
|
328,628 |
|
Total cash and cash equivalents |
|
80,083 |
|
|
|
67,183 |
|
|
|
112,649 |
|
|
|
340,265 |
|
|
|
|
|
|
|
|
|
||||||||
Investment securities, available-for-sale, at fair value |
|
1,614,890 |
|
|
|
1,646,541 |
|
|
|
1,671,750 |
|
|
|
1,481,500 |
|
Commercial loans, at fair value |
|
114,162 |
|
|
|
128,260 |
|
|
|
139,389 |
|
|
|
185,476 |
|
Loans, net of deferred fees and costs |
|
7,073,906 |
|
|
|
7,753,683 |
|
|
|
7,116,676 |
|
|
|
6,535,432 |
|
Allowance for credit losses |
|
(63,495 |
) |
|
|
(63,017 |
) |
|
|
(66,200 |
) |
|
|
(59,393 |
) |
Loans, net |
|
7,010,411 |
|
|
|
7,690,666 |
|
|
|
7,050,476 |
|
|
|
6,476,039 |
|
Stock in Federal Reserve, Federal Home Loan and Atlantic Central Bankers Banks |
|
50,115 |
|
|
|
37,785 |
|
|
|
25,205 |
|
|
|
16,250 |
|
Accrued interest receivable |
|
43,342 |
|
|
|
41,315 |
|
|
|
43,090 |
|
|
|
40,607 |
|
Other real estate owned |
|
62,011 |
|
|
|
60,998 |
|
|
|
60,695 |
|
|
|
66,054 |
|
Deferred tax asset, net |
|
23,491 |
|
|
|
21,139 |
|
|
|
18,679 |
|
|
|
12,436 |
|
Credit enhancement asset |
|
30,733 |
|
|
|
29,769 |
|
|
|
31,138 |
|
|
|
26,982 |
|
Other |
|
186,739 |
|
|
|
175,108 |
|
|
|
199,354 |
|
|
|
193,622 |
|
Total assets |
$ |
9,215,977 |
|
|
$ |
9,898,764 |
|
|
$ |
9,352,425 |
|
|
$ |
8,839,231 |
|
|
|
|
|
|
|
|
|
||||||||
Liabilities: |
|
|
|
|
|
|
|
||||||||
Deposits |
|
|
|
|
|
|
|
||||||||
Demand and interest checking |
$ |
7,353,151 |
|
|
$ |
8,281,037 |
|
|
$ |
7,827,037 |
|
|
$ |
7,705,813 |
|
Savings and money market |
|
123,051 |
|
|
|
148,988 |
|
|
|
338,459 |
|
|
|
60,122 |
|
Total deposits |
|
7,476,202 |
|
|
|
8,430,025 |
|
|
|
8,165,496 |
|
|
|
7,765,935 |
|
|
|
|
|
|
|
|
|
||||||||
Short-term borrowings |
|
744,000 |
|
|
|
470,000 |
|
|
|
199,000 |
|
|
|
— |
|
Senior debt |
|
196,528 |
|
|
|
196,320 |
|
|
|
196,253 |
|
|
|
96,391 |
|
Subordinated debenture |
|
13,401 |
|
|
|
13,401 |
|
|
|
13,401 |
|
|
|
13,401 |
|
Other long-term borrowings |
|
4,327 |
|
|
|
13,626 |
|
|
|
13,712 |
|
|
|
13,898 |
|
Other liabilities |
|
76,138 |
|
|
|
78,442 |
|
|
|
74,767 |
|
|
|
89,340 |
|
Total liabilities |
|
8,510,596 |
|
|
|
9,201,814 |
|
|
|
8,662,629 |
|
|
|
7,978,965 |
|
|
|
|
|
|
|
|
|
||||||||
Total shareholders' equity |
|
705,381 |
|
|
|
696,950 |
|
|
|
689,796 |
|
|
|
860,266 |
|
|
|
|
|
|
|
|
|
||||||||
Total liabilities and shareholders' equity |
$ |
9,215,977 |
|
|
$ |
9,898,764 |
|
|
$ |
9,352,425 |
|
|
$ |
8,839,231 |
|
AVERAGE BALANCE SHEET - QTD |
|
|
|
|
|
|
|
|
|
|
|||||||||
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Three months ended June 30, 2026 |
|
Three months ended June 30, 2025 |
||||||||||||||||
|
Average Balance |
|
Interest |
|
Average Rate |
|
Average Balance |
|
Interest |
|
Average Rate |
||||||||
Assets: |
|
|
|
|
|
|
|
|
|
|
|
||||||||
Interest-earning assets: |
|
|
|
|
|
|
|
|
|
|
|
||||||||
Non-fintech loans |
$ |
6,231,014 |
|
|
$ |
107,634 |
|
6.91 |
% |
|
$ |
6,023,895 |
|
|
$ |
111,702 |
|
7.42 |
% |
Fintech loans |
|
1,390,866 |
|
|
|
2,834 |
|
0.82 |
% |
|
|
536,978 |
|
|
|
486 |
|
0.36 |
% |
Loans, net of deferred fees and costs(1) |
|
7,621,880 |
|
|
|
110,468 |
|
5.80 |
% |
|
|
6,560,873 |
|
|
|
112,188 |
|
6.84 |
% |
Leases-bank qualified(2) |
|
7,028 |
|
|
|
146 |
|
8.31 |
% |
|
|
7,723 |
|
|
|
174 |
|
9.01 |
% |
Investment securities-taxable |
|
1,619,710 |
|
|
|
19,924 |
|
4.92 |
% |
|
|
1,462,603 |
|
|
|
22,393 |
|
6.12 |
% |
Investment securities-nontaxable(2) |
|
12,648 |
|
|
|
197 |
|
6.23 |
% |
|
|
8,385 |
|
|
|
131 |
|
6.25 |
% |
Interest-earning deposits |
|
155,465 |
|
|
|
1,386 |
|
3.57 |
% |
|
|
756,603 |
|
|
|
8,326 |
|
4.40 |
% |
Total interest-earning assets |
|
9,416,731 |
|
|
|
132,121 |
|
5.61 |
% |
|
|
8,796,187 |
|
|
|
143,212 |
|
6.51 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Allowance for credit losses |
|
(55,726 |
) |
|
|
|
|
|
|
(52,444 |
) |
|
|
|
|
||||
Other assets |
|
342,586 |
|
|
|
|
|
|
|
344,627 |
|
|
|
|
|
||||
Total assets |
$ |
9,703,591 |
|
|
|
|
|
|
$ |
9,088,370 |
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Liabilities and Shareholders' Equity: |
|
|
|
|
|
|
|
|
|
|
|
||||||||
Deposits: |
|
|
|
|
|
|
|
|
|
|
|
||||||||
Demand and interest checking |
$ |
8,311,353 |
|
|
$ |
33,400 |
|
1.61 |
% |
|
$ |
7,991,121 |
|
|
$ |
43,402 |
|
2.17 |
% |
Savings and money market |
|
102,639 |
|
|
|
934 |
|
3.64 |
% |
|
|
65,637 |
|
|
|
561 |
|
3.42 |
% |
Total deposits |
|
8,413,992 |
|
|
|
34,334 |
|
1.63 |
% |
|
|
8,056,758 |
|
|
|
43,963 |
|
2.18 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Short-term borrowings |
|
302,236 |
|
|
|
2,949 |
|
3.90 |
% |
|
|
439 |
|
|
|
5 |
|
4.56 |
% |
Long-term borrowings |
|
10,146 |
|
|
|
147 |
|
5.80 |
% |
|
|
13,957 |
|
|
|
198 |
|
5.67 |
% |
Subordinated debentures |
|
13,401 |
|
|
|
236 |
|
7.04 |
% |
|
|
13,401 |
|
|
|
257 |
|
7.67 |
% |
Senior debt |
|
196,391 |
|
|
|
3,917 |
|
7.98 |
% |
|
|
96,333 |
|
|
|
1,233 |
|
5.12 |
% |
Total deposits and liabilities |
|
8,936,166 |
|
|
|
41,583 |
|
1.86 |
% |
|
|
8,180,888 |
|
|
|
45,656 |
|
2.23 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Other liabilities |
|
66,260 |
|
|
|
|
|
|
|
62,505 |
|
|
|
|
|
||||
Total liabilities |
|
9,002,426 |
|
|
|
|
|
|
|
8,243,393 |
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Shareholders' equity |
|
701,165 |
|
|
|
|
|
|
|
844,977 |
|
|
|
|
|
||||
|
$ |
9,703,591 |
|
|
|
|
|
|
$ |
9,088,370 |
|
|
|
|
|
||||
Net interest income on tax equivalent basis(2) |
|
|
$ |
90,538 |
|
|
|
|
|
$ |
97,556 |
|
|
||||||
Tax equivalent adjustment |
|
|
|
72 |
|
|
|
|
|
|
64 |
|
|
||||||
Net interest income |
|
|
$ |
90,466 |
|
|
|
|
|
$ |
97,492 |
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Net interest margin(2) |
|
|
|
|
3.85 |
% |
|
|
|
|
|
4.44 |
% |
||||||
________ |
|
(1) |
Includes commercial loans, at fair value. All periods include non-accrual loans. |
(2) |
Full taxable equivalent basis, using |
AVERAGE BALANCE SHEET - YTD |
|
|
|
|
|
|
|||||||||||||
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Six months ended June 30, 2026 |
|
Six months ended June 30, 2025 |
||||||||||||||||
|
Average Balance |
|
Interest |
|
Average Rate |
|
Average Balance |
|
Interest |
|
Average Rate |
||||||||
Assets: |
|
|
|
|
|
|
|
|
|
|
|
||||||||
Interest-earning assets: |
|
|
|
|
|
|
|
|
|
|
|
||||||||
Non-fintech loans |
$ |
6,182,243 |
|
|
$ |
213,232 |
|
6.90 |
% |
|
$ |
5,969,155 |
|
|
$ |
220,265 |
|
7.38 |
% |
Fintech loans |
|
1,253,763 |
|
|
|
4,660 |
|
0.74 |
% |
|
|
502,087 |
|
|
|
725 |
|
0.29 |
% |
Loans, net of deferred fees and costs(1) |
|
7,436,006 |
|
|
|
217,892 |
|
5.86 |
% |
|
|
6,471,242 |
|
|
|
220,990 |
|
6.83 |
% |
Leases-bank qualified(2) |
|
6,975 |
|
|
|
298 |
|
8.54 |
% |
|
|
6,793 |
|
|
|
313 |
|
9.22 |
% |
Investment securities-taxable |
|
1,640,946 |
|
|
|
39,844 |
|
4.86 |
% |
|
|
1,475,892 |
|
|
|
40,520 |
|
5.49 |
% |
Investment securities-nontaxable(2) |
|
11,543 |
|
|
|
362 |
|
6.27 |
% |
|
|
7,326 |
|
|
|
236 |
|
6.44 |
% |
Interest-earning deposits |
|
202,480 |
|
|
|
3,582 |
|
3.54 |
% |
|
|
945,453 |
|
|
|
21,006 |
|
4.44 |
% |
Total interest-earning assets |
|
9,297,950 |
|
|
|
261,978 |
|
5.64 |
% |
|
|
8,906,706 |
|
|
|
283,065 |
|
6.36 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Allowance for credit losses |
|
(55,680 |
) |
|
|
|
|
|
|
(48,700 |
) |
|
|
|
|
||||
Other assets |
|
362,748 |
|
|
|
|
|
|
|
354,939 |
|
|
|
|
|
||||
Total assets |
$ |
9,605,018 |
|
|
|
|
|
|
$ |
9,212,945 |
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Liabilities and Shareholders' Equity: |
|
|
|
|
|
|
|
|
|
|
|
||||||||
Deposits: |
|
|
|
|
|
|
|
|
|
|
|
||||||||
Demand and interest checking |
$ |
8,200,639 |
|
|
$ |
66,610 |
|
1.62 |
% |
|
$ |
8,082,390 |
|
|
$ |
88,447 |
|
2.19 |
% |
Savings and money market |
|
164,954 |
|
|
|
3,013 |
|
3.65 |
% |
|
|
100,966 |
|
|
|
1,891 |
|
3.75 |
% |
Total deposits |
|
8,365,593 |
|
|
|
69,623 |
|
1.66 |
% |
|
|
8,183,356 |
|
|
|
90,338 |
|
2.21 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Short-term borrowings |
|
224,492 |
|
|
|
4,330 |
|
3.86 |
% |
|
|
220 |
|
|
|
5 |
|
4.55 |
% |
Long-term borrowings |
|
11,907 |
|
|
|
344 |
|
5.78 |
% |
|
|
14,003 |
|
|
|
393 |
|
5.61 |
% |
Subordinated debentures |
|
13,401 |
|
|
|
471 |
|
7.03 |
% |
|
|
13,401 |
|
|
|
512 |
|
7.64 |
% |
Senior debt |
|
196,297 |
|
|
|
7,792 |
|
7.94 |
% |
|
|
96,289 |
|
|
|
2,467 |
|
5.12 |
% |
Total deposits and liabilities |
|
8,811,690 |
|
|
|
82,560 |
|
1.87 |
% |
|
|
8,307,269 |
|
|
|
93,715 |
|
2.26 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Other liabilities |
|
95,739 |
|
|
|
|
|
|
|
80,651 |
|
|
|
|
|
||||
Total liabilities |
|
8,907,429 |
|
|
|
|
|
|
|
8,387,920 |
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Shareholders' equity |
|
697,589 |
|
|
|
|
|
|
|
825,025 |
|
|
|
|
|
||||
|
$ |
9,605,018 |
|
|
|
|
|
|
$ |
9,212,945 |
|
|
|
|
|
||||
Net interest income on tax equivalent basis(2) |
|
|
$ |
179,418 |
|
|
|
|
|
$ |
189,350 |
|
|
||||||
Tax equivalent adjustment |
|
|
|
138 |
|
|
|
|
|
|
115 |
|
|
||||||
Net interest income |
|
|
$ |
179,280 |
|
|
|
|
|
$ |
189,235 |
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Net interest margin(2) |
|
|
|
|
3.86 |
% |
|
|
|
|
|
4.25 |
% |
||||||
________ |
|
(1) |
Includes commercial loans, at fair value. All periods include non-accrual loans. |
(2) |
Full taxable equivalent basis, using |
BUSINESS LINE QUARTERLY SUMMARY - AVERAGE QTD |
|
|
|
|
||||||||||||||
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
Three Months Ended |
||||||||||||||||
|
|
June 30, 2026 |
|
March 31, 2026 |
|
June 30, 2025 |
||||||||||||
|
|
Average Balance |
|
Average Rate (2) |
|
Average Balance |
|
Average Rate (2) |
|
Average Balance |
|
Average Rate (2) |
||||||
Total Loan Portfolio (1) |
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Credit Solutions: |
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Real estate bridge loans - amortized cost |
|
$ |
2,226,725 |
|
7.88 |
% |
|
$ |
2,203,082 |
|
7.99 |
% |
|
$ |
2,178,842 |
|
8.78 |
% |
Real estate bridge loans - fair value |
|
|
58,085 |
|
6.96 |
% |
|
|
66,399 |
|
6.79 |
% |
|
|
119,746 |
|
7.52 |
% |
SBLOC/IBLOC and Advisor financing |
|
|
2,034,126 |
|
5.74 |
% |
|
|
1,957,376 |
|
5.77 |
% |
|
|
1,857,293 |
|
6.28 |
% |
Small business lending |
|
|
1,075,471 |
|
7.26 |
% |
|
|
1,057,893 |
|
7.20 |
% |
|
|
1,007,394 |
|
7.41 |
% |
Direct lease financing |
|
|
675,230 |
|
8.02 |
% |
|
|
681,629 |
|
8.13 |
% |
|
|
706,326 |
|
8.20 |
% |
Other loans |
|
|
152,964 |
|
5.11 |
% |
|
|
158,114 |
|
5.22 |
% |
|
|
148,282 |
|
5.50 |
% |
Unamortized loan fees and costs |
|
|
15,441 |
|
— |
|
|
|
15,357 |
|
— |
|
|
|
13,735 |
|
— |
|
Total Credit Solutions |
|
|
6,238,042 |
|
6.99 |
% |
|
|
6,139,850 |
|
7.06 |
% |
|
|
6,031,618 |
|
7.59 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Sponsored Lending: |
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Fintech loans |
|
|
1,390,866 |
|
0.82 |
% |
|
|
1,115,138 |
|
0.65 |
% |
|
|
536,978 |
|
0.36 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Total loan portfolio |
|
$ |
7,628,908 |
|
5.81 |
% |
|
$ |
7,254,988 |
|
6.01 |
% |
|
$ |
6,568,596 |
|
6.86 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Deposits: |
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Fintech |
|
$ |
8,085,670 |
|
1.63 |
% |
|
$ |
7,775,692 |
|
1.64 |
% |
|
$ |
7,761,241 |
|
2.21 |
% |
Non-fintech |
|
|
328,322 |
|
1.76 |
% |
|
|
540,965 |
|
2.57 |
% |
|
|
295,517 |
|
1.56 |
% |
Total deposits |
|
$ |
8,413,992 |
|
1.63 |
% |
|
$ |
8,316,657 |
|
1.70 |
% |
|
$ |
8,056,758 |
|
2.18 |
% |
______________ |
|
(1) |
Total loan portfolio includes both loans recorded at amortized cost and loans at fair value. |
(2) |
Rates are average annualized rates. |
(3) |
Income related to non-interest-bearing loans is included in non-interest income. |
PORTFOLIO PERFORMANCE |
|
|
|
|
|
|
||||||
(Dollars in thousands) |
|
|
|
|
|
|
||||||
|
|
|
|
|
|
|
||||||
Credit Quality |
|
|
|
|
|
|
||||||
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
||||||
As of period end: |
|
|
|
|
|
|
||||||
Nonperforming loans to total loans(1) |
|
|
1.05 |
% |
|
|
0.97 |
% |
|
|
0.96 |
% |
Nonperforming assets to total assets |
|
|
1.48 |
% |
|
|
1.37 |
% |
|
|
1.45 |
% |
|
|
|
|
|
|
|
||||||
Allowance for credit losses to loans outstanding:(1) |
|
|
|
|
|
|
||||||
Fintech |
|
|
3.41 |
% |
|
|
1.81 |
% |
|
|
3.97 |
% |
Non-fintech |
|
|
0.53 |
% |
|
|
0.54 |
% |
|
|
0.55 |
% |
Total |
|
|
0.90 |
% |
|
|
0.81 |
% |
|
|
0.91 |
% |
|
|
|
|
|
|
|
||||||
Allowance for credit losses to total assets |
|
|
0.69 |
% |
|
|
0.64 |
% |
|
|
0.67 |
% |
|
|
|
|
|
|
|
||||||
For the three months ended: |
|
|
|
|
|
|
||||||
Net charge-offs: |
|
|
|
|
|
|
||||||
Fintech |
|
$ |
24,802 |
|
|
$ |
30,211 |
|
|
$ |
36,450 |
|
Non-fintech |
|
|
851 |
|
|
|
467 |
|
|
|
1,381 |
|
Total |
|
$ |
25,653 |
|
|
$ |
30,678 |
|
|
$ |
37,831 |
|
|
|
|
|
|
|
|
||||||
Net charge-offs/average loans (annualized) |
|
|
1.35 |
% |
|
|
1.69 |
% |
|
|
2.30 |
% |
Net charge-offs/average assets (annualized) |
|
|
1.06 |
% |
|
|
1.29 |
% |
|
|
1.67 |
% |
_____________ |
|
(1) |
Excludes loans recorded at fair value. |
Loan Delinquency and Non-Accrual |
||||||||||||||||||||
|
June 30, 2026 |
|||||||||||||||||||
|
Past Due |
|
|
|
|
|||||||||||||||
|
30-59 days past due |
|
60-89 days past due |
|
90+ days still accruing |
|
Non-accrual |
|
Total past due |
|
Current |
|
Total loans |
|||||||
Real estate bridge loans |
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
22,454 |
|
$ |
22,454 |
|
$ |
2,211,234 |
|
$ |
2,233,688 |
SBLOC / IBLOC |
|
3,222 |
|
|
119 |
|
|
— |
|
|
— |
|
|
3,341 |
|
|
1,821,960 |
|
|
1,825,301 |
Small business loans |
|
1,892 |
|
|
— |
|
|
— |
|
|
40,284 |
|
|
42,176 |
|
|
992,088 |
|
|
1,034,264 |
Fintech |
|
22,956 |
|
|
4,087 |
|
|
1,798 |
|
|
— |
|
|
28,841 |
|
|
872,661 |
|
|
901,502 |
Direct lease financing |
|
1,642 |
|
|
165 |
|
|
506 |
|
|
9,120 |
|
|
11,433 |
|
|
659,469 |
|
|
670,902 |
Advisor financing |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
240,049 |
|
|
240,049 |
Other loans |
|
431 |
|
|
— |
|
|
1 |
|
|
390 |
|
|
822 |
|
|
151,782 |
|
|
152,604 |
Total loans |
$ |
30,143 |
|
$ |
4,371 |
|
$ |
2,305 |
|
$ |
72,248 |
|
$ |
109,067 |
|
$ |
6,949,243 |
|
$ |
7,058,310 |
CAPITAL RATIOS |
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|||
|
June 30, 2026 |
||||||||||
|
The Bancorp, Inc. |
|
The Bancorp Bank, N.A. |
|
“Well Capitalized"(1) |
||||||
|
|
|
|
|
|
|
|
|
|||
Tier 1 capital to average assets |
7.26 |
% |
|
|
9.09 |
% |
|
|
5.00 |
% |
|
Tier 1 capital to risk-weighted assets |
11.41 |
% |
|
|
14.27 |
% |
|
|
8.00 |
% |
|
Total capital to risk-weighted assets |
12.45 |
% |
|
|
15.32 |
% |
|
|
10.00 |
% |
|
Common equity Tier 1 to risk-weighted assets |
11.41 |
% |
|
|
14.27 |
% |
|
|
6.50 |
% |
|
_____________ |
|
(1) |
“Well Capitalized” institution under federal regulations Basel III. |
NON-GAAP FINANCIAL MEASURES |
We use certain financial measures which are not calculated and presented in accordance with
Non-GAAP measures include:
Efficiency ratio is calculated as: (i) GAAP total non-interest expense; divided by (ii) the total of GAAP Net interest income and Non-interest income less Fintech loan credit enhancement income, or “Adjusted total revenue.” This ratio compares revenues generated with the amount of expense required to generate such revenues and may be used as one measure of overall efficiency.
Total revenue, excluding credit enhancement, is calculated as: the total of GAAP Net interest income and Non-interest income less Fintech loan credit enhancement income. This figure adjusts our total revenue for amounts received related to credit enhancement agreements, to remove the volatility of that credit enhancement recovery when measuring our revenue results.
Non-interest income, excluding credit enhancement, is calculated as: GAAP Non-interest-income less Fintech loan credit enhancement income. This figure adjusts our non-interest income for amounts received related to credit enhancement agreements, to remove the volatility of that credit enhancement recovery when measuring our non-interest income results.
Non-interest income as a percentage of total revenue (excluding credit enhancement) is calculated as: (i) GAAP Non-interest-income less Fintech loan credit enhancement income; divided by (ii) Adjusted total revenue. This ratio is used to compare the amount of non-interest income, which is primarily fee-based, to our total revenue each period to review the growth in our fee-based business.
Fintech fees as a percentage of total revenue (excluding credit enhancement) is calculated as: (i) GAAP Non-interest income – Total fintech fees; divided by (ii) Adjusted total revenue. This ratio is used to compare the amount of fintech fee revenue to our total revenue each period to review the growth in that revenue area, which is one of our key areas of focus.
We believe that these non-GAAP measures are useful performance metrics for management, investors, and lenders, because they provide a means to evaluate period-to-period comparisons of the Company's financial performance without the effects of certain adjustments in accordance with GAAP that may not necessarily be indicative of current operating performance. Non-GAAP financial measures should not be considered as an alternative to GAAP financial measures. They may not be indicative of the historical operating results of the Company nor are they intended to be predictive of potential future results. Investors should not consider non-GAAP financial measures in isolation or as a substitute for performance measures calculated in accordance with GAAP.
Reconciliation of Non-GAAP Measures: |
|||||||||||||||||||||
(Dollars in thousands) |
|
|
Three months ended |
|
Six months ended |
||||||||||||||||
|
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
|
June 30,
|
|
June 30,
|
||||||||||
Net interest income |
|
|
$ |
90,466 |
|
|
$ |
88,814 |
|
|
$ |
97,492 |
|
|
$ |
179,280 |
|
|
$ |
189,235 |
|
Non-interest income |
|
A |
|
73,040 |
|
|
|
72,525 |
|
|
|
83,743 |
|
|
|
145,565 |
|
|
|
167,385 |
|
Total revenue |
|
B |
|
163,506 |
|
|
|
161,339 |
|
|
|
181,235 |
|
|
|
324,845 |
|
|
|
356,620 |
|
Less: Fintech loan credit enhancement |
|
|
|
(25,766 |
) |
|
$ |
(28,843 |
) |
|
|
(43,233 |
) |
|
|
(54,609 |
) |
|
|
(89,101 |
) |
Adjusted total revenue |
|
C |
$ |
137,740 |
|
|
$ |
132,496 |
|
|
$ |
138,002 |
|
|
$ |
270,236 |
|
|
$ |
267,519 |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-interest income |
|
|
$ |
73,040 |
|
|
$ |
72,525 |
|
|
$ |
83,743 |
|
|
$ |
145,565 |
|
|
$ |
167,385 |
|
Less: Fintech loan credit enhancement |
|
|
|
(25,766 |
) |
|
|
(28,843 |
) |
|
|
(43,233 |
) |
|
|
(54,609 |
) |
|
|
(89,101 |
) |
Adjusted non-interest income |
|
D |
$ |
47,274 |
|
|
$ |
43,682 |
|
|
$ |
40,510 |
|
|
$ |
90,956 |
|
|
$ |
78,284 |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-interest expense |
|
E |
$ |
56,476 |
|
|
$ |
55,026 |
|
|
$ |
57,223 |
|
|
$ |
111,502 |
|
|
$ |
110,517 |
|
Non-interest income - total fintech fees |
|
F |
$ |
40,894 |
|
|
$ |
38,069 |
|
|
$ |
35,645 |
|
|
$ |
78,963 |
|
|
$ |
70,091 |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-GAAP Measures |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Efficiency ratio |
|
E/C |
|
41.0 |
% |
|
|
41.5 |
% |
|
|
41.5 |
% |
|
|
41.3 |
% |
|
|
41.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Total revenue, excluding credit enhancement |
|
C |
$ |
137,740 |
|
|
$ |
132,496 |
|
|
$ |
138,002 |
|
|
$ |
270,236 |
|
|
$ |
267,519 |
|
Non-interest income, excluding credit enhancement |
|
D |
$ |
47,274 |
|
|
$ |
43,682 |
|
|
$ |
40,510 |
|
|
|
90,956 |
|
|
$ |
78,284 |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Non-interest income as a percentage of total revenue |
|
A/B |
|
44.7 |
% |
|
|
45.0 |
% |
|
|
46.2 |
% |
|
|
44.8 |
% |
|
|
46.9 |
% |
Non-interest income as a percentage of total revenue (excluding credit enhancement) |
|
D/C |
|
34.3 |
% |
|
|
33.0 |
% |
|
|
29.4 |
% |
|
|
33.7 |
% |
|
|
29.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Fintech fees as a percentage of total revenue |
|
F/B |
|
25.0 |
% |
|
|
23.6 |
% |
|
|
19.7 |
% |
|
|
24.3 |
% |
|
|
19.7 |
% |
Fintech fees as a percentage of total revenue (excluding credit enhancement income) |
|
F/C |
|
29.7 |
% |
|
|
28.7 |
% |
|
|
25.8 |
% |
|
|
29.2 |
% |
|
|
26.2 |
% |
View source version on businesswire.com: https://www.businesswire.com/news/home/20260729364216/en/
The Bancorp, Inc. Contact
Andres Viroslav, Director, Investor Relations
215-861-7990
andres.viroslav@thebancorp.com
Source: The Bancorp, Inc.