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The Bancorp, Inc. (TBBK) announced that its subsidiary The Bancorp Bank, N.A. is implementing an organizational restructuring to align with its Apex 2030 strategic plan. The bank will discontinue originating new retail and wholesale Small Business Lending loans by the end of 2026 and concentrate on managing the existing SBL portfolio.
The restructuring eliminates 64 filled positions, about 9% of the workforce, and together with 16 additional positions not being backfilled is expected to produce about $14 million in annualized run-rate savings. Including a prior Institutional Banking reorganization, total expected annualized savings exceed $20 million.
The company estimates about $5.6 million of restructuring charges, primarily cash severance and related costs, with $4.5 million recognized in the third quarter of 2026 and substantial completion targeted by year-end 2026. In connection with the changes, Jeff Nager, Head of Commercial Lending, is expected to depart on October 1, 2026, causing 38,583 unvested restricted stock units to be forfeited; his severance terms are not yet finalized.
American Century Investment Management, Inc., American Century Companies, Inc., and the Stowers Institute for Medical Research report beneficial ownership of common stock of The Bancorp, Inc.
The reporting group holds 3,589,894 shares, representing 8.6% of the common stock as of June 30, 2026. They report sole voting power over 3,289,793 shares and sole dispositive power over 3,589,894 shares, with no shared voting or dispositive power. Various advisory clients of American Century Investment Management, Inc. have economic interests in these securities.
Bancorp, Inc. Chief Accounting Officer Martin Egan reported selling 3,057 shares of common stock on August 6, 2026 in two transactions at $72.01 and $72.07 per share, described as open market or private sales. He also reports indirect holdings of 6,765 shares via a 401k plan, 1,000 shares held by his spouse, and 570 shares held in his spouse's IRA.
The Bancorp, Inc. reported that Kroll Bond Rating Agency, LLC (KBRA) affirmed all long- and short-term credit ratings for the company and its wholly owned subsidiary, The Bancorp Bank, N.A. KBRA maintained BBB+ senior unsecured, BBB subordinated, and K2 short-term debt ratings for the company, and A- deposit and senior unsecured, BBB+ subordinated, and K2 short-term ratings for the bank, with a Stable outlook on long-term ratings.
KBRA highlighted The Bancorp’s leadership in banking-as-a-service and prepaid and debit cards, a 16% year-over-year increase in non-interest income in the first half of 2026 (excluding fintech loan credit enhancement), fee income of about 1.9% of average assets, return on average assets at or above 2.5% since 2023, and a total cost of funds of 1.86%. KBRA also cited a granular, durable deposit base and diversified, long-term fintech partnerships.
Vanguard Capital Management reports beneficial ownership of common stock of Bancorp Inc/The. As of June 30, 2026, Vanguard Capital Management and certain affiliates beneficially owned 2,082,956 shares of Bancorp common stock, representing 5% of the outstanding class.
Vanguard has sole voting power over 311,534 shares and sole dispositive power over 2,082,956 shares, with no shared voting or dispositive power. The reported holdings include securities held by various Vanguard entities and Vanguard funds or client accounts over which they exercise voting and/or dispositive power.
The Bancorp reported strong second-quarter 2026 results, with net income of $60.7 million and diluted EPS of $1.45, up 14.2% from 2Q 2025. Return on assets was 2.51% and return on equity 34.7%. Net interest income was $90.5 million and net interest margin 3.85%, down from 4.44% as the balance sheet continues shifting toward fintech fee-based revenue. Non-interest income was $73.0 million, including $25.8 million of fintech credit enhancement; excluding that, non-interest income rose 16.7% year over year.
Fintech activity was a key driver: total fintech fees reached $40.9 million, gross dollar volume rose 22.5% to $53.45 billion, and fintech fees represented 25.0% of total revenue, or 29.7% excluding credit enhancement income. Average deposits were $8.41 billion with a reduced 1.63% cost; 96% of deposits stem from fintech partnerships and 94% are insured. Loans, net of fees, were $7.07 billion, up 8.2% year over year but down sequentially, mainly from lower period-end fintech balances driven by payment timing.
Credit quality indicators improved: total provision fell to $26.1 million from $44.4 million, fintech provision and net charge-offs declined, and criticized loans dropped sharply versus 2025. Capital ratios at both the bank and holding company remained well above “Well Capitalized” levels. The company repurchased $50.0 million of stock in the quarter and, after results that management said surpassed its own forecasts, increased 2026 EPS guidance to $5.95–$6.05 while maintaining 2027 guidance at $8.10–$8.30.
Bancorp, Inc. executive Mark Leo Connolly, EVP and Head of Credit Markets, reported updated holdings of the company’s common stock. The filing shows an inheritance-related transfer coded "W" of 3,200 shares, now held indirectly through his spouse, described as an acquisition or disposition by will or laws of descent and distribution. Connolly also reports 255,704 shares held directly and 4,464 shares held indirectly through a 401(k) plan account. The footnote states he disclaims beneficial ownership of the indirectly held securities except to the extent of any pecuniary interest, indicating this is a routine ownership and estate-planning update rather than an open‑market trade.
The Bancorp, Inc. reported the results of its annual stockholder meeting held on May 27, 2026. Stockholders elected ten director nominees to one-year terms, with each receiving more than 33.6 million votes in favor and broker non-votes of 2,455,867.
Stockholders also approved, on an advisory, non-binding basis, the compensation of the Company’s named executive officers for the fiscal year ended December 31, 2025, with 34,569,859 votes for, 1,220,698 against and 24,163 abstentions. In addition, they ratified, on an advisory, non-binding basis, the appointment of Crowe LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 38,117,666 votes for, 121,595 against and 31,326 abstentions.