8-K - TBBK - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the SecuritiesExchange Act of 1934

Date of Report (Date of earliest event reported): July24, 2025

TheBancorp, Inc.

(Exact name of registrant as specified in its charter)

Commission File Number: 000-51018

Delaware	23-3016517
(State or other jurisdiction of	(IRS Employer
incorporation)	Identification No.)

409Silverside Road

Wilmington, DE

19809

(Address of principal executive offices, includingzip code)

302-385-5000

(Registrant’s telephone number, includingarea code)

(Former name or former address, if changed sincelast report)

Check the appropriate box below if the Form 8-K filing is intendedto simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[_] Written communications pursuant to Rule 425 under theSecurities Act (17 CFR 230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading<br><br> <br>Symbol(s)	Name of each exchange on which registered
Common Stock, par value $1.00 per share	TBBK	Nasdaq Global Select

Indicate by check mark whether the registrant is an emerging growthcompany as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

[_] Emerging growth company

If an emerging growth company, indicate by check mark if the registranthas elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuantto Section 13(a) of the Exchange Act. [_]

Item 2.02. Resultsof Operations and Financial Condition

On July 24, 2025, The Bancorp, Inc. (the "Company") issued a press release regarding its earnings for the three and six months ended June 30, 2025. A copy of this press release is furnished with this report as Exhibit 99.1.

Item 7.01.    RegulationFD Disclosure.

The Company hereby furnishes the information set forth in the presentation attached hereto as Exhibit 99.2, which is incorporated herein by reference.

The information in this Current Report, including the exhibits hereto, are being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits
99.1	Press Release
99.2	Investor Presentation
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 24, 2025	The Bancorp, Inc.
	By:	/s/ Martin Egan
	Name:	Martin Egan
	Title:	MD, Interim Chief Financial Officer and Chief Accounting Officer

Exhibit 99.1

TheBancorp, Inc. Reports Second Quarter Financial Results

Wilmington, DE – July 24, 2025 – The Bancorp, Inc. (“The Bancorp” or the “Company” or “we” or “our”) (NASDAQ: TBBK), a financial holding company, today reported its financial results for the second quarter of 2025.

Highlights

·	The Bancorp reported net income of $59.8 million, or $1.27 per diluted share (“EPS”), for the quarter ended June<br>30, 2025, compared to net income of $53.7 million, or $1.05 per diluted share, for the quarter ended June 30, 2024, or an EPS increase<br>of 21%. While net income increased 11% between these periods, outstanding shares were reduced as a result of share repurchases.
·	Return on assets and return on equity for the quarter ended June 30, 2025, amounted to 2.6% and 28%, respectively, compared to 2.8%<br>and 27%, respectively, for the quarter ended June 30, 2024 (all percentages “annualized”).
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·	Net interest income increased 4% to $97.5 million for the quarter ended June 30, 2025, compared to $93.8 million for the quarter ended<br>June 30, 2024. Certain loan fees on consumer fintech loans are recorded as non-interest income. Such non-interest income amounted to $4.0<br>million for the quarter ended June 30, 2025 and $140,000 for the quarter ended June 30, 2024. The second quarter of 2025 included $3.1<br>million of interest income from a security that was known as “CRE-2” and which was related to the Company’s discontinued<br>commercial real estate securitization business. The CRE-2 interest was repaid in the quarter as a result of the final sale of underlying<br>collateral related to that security. CRE-2 was the last security remaining related to the Company’s discontinued commercial real<br>estate securitization business.
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·	Net interest margin amounted to 4.44% for the quarter ended June 30, 2025, compared to 4.97% for the quarter ended June 30, 2024,<br>and 4.07% for the quarter ended March 31, 2025.
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·	Loans, net of deferred fees and costs were $6.54 billion at June 30, 2025, compared to $5.61 billion at June 30, 2024 and $6.38<br>billion at March 31, 2025. Those changes reflected an increase of 2% quarter over linked quarter and an increase of 17% year over year.
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·	Gross dollar volume (“GDV”), representing the total amounts spent on prepaid, debit and credit cards totaled $43.65 billion,<br>an increase of $6.51 billion, or 18%, for the quarter ended June 30, 2025, compared to the quarter ended June 30, 2024. The increase reflected<br>continued organic volume growth with existing partners and products and the impact of new products launched within the past year. Total<br>prepaid, debit card, ACH, and other payment fees increased 14% to $31.7 million for the second quarter of 2025 compared to the second<br>quarter of 2024. Consumer credit fintech fees amounted to $4.0 million for the second quarter 2025.
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·	Consumer fintech loans of $680.5 million increased 19% compared to a $574.0 million balance at March 31, 2025 and increased 871% compared<br>to the June 30, 2024 balance of $70.1 million. Consumer fintech loans include $346.9 million of secured credit card accounts, which are<br>backed dollar for dollar by cash collateral by each individual cardholder and are required to be repaid in-full monthly. The remaining<br>Consumer fintech loans consist of cashflow underwritten short-term liquidity products to individual borrowers ranging in maturities from<br>30 to 365 days, with The Bancorp Bank, N.A.’s partner(s) providing a full guarantee against losses. The Bancorp Bank N.A. maintains<br>cash collateral for the expected losses on dollars already lent, as well as right of offset against other revenues generated through those<br>relationships.
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·	As previously disclosed in the Current Report on Form 8-K the Company filed on July 14, 2025, the Bank amended its Master<br> Services Agreement dated December 12, 2023 with Block, Inc. (“Block”) by entering into a Card Issuing Addendum which<br> provides for debit and prepaid card issuance and related services for Cash App customers. The initial term of the Card Issuing<br> Addendum is for a period of five (5) years. The Bank expects the expansion of these services to Block to begin in 2026 and will<br> provide material updates on the program as it progresses through the implementation cycle.
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·	Small business loans (“SBLs”), including those held at fair value, amounted to $1.05 billion at June 30, 2025, or<br>11% higher year over year, and 4% higher quarter over linked quarter, excluding the impact of loans with related secured borrowings.
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·	Direct lease financing balances decreased 2% year over year to $698.1 million at June 30, 2025, and decreased 2% from March 31, 2025.
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| --- | | · | Real estate bridge loans (“REBL”) portfolio of $2.14 billion decreased 3% compared to a $2.21 billion balance at March 31, 2025, and increased 1% compared to the June 30, 2024 balance of $2.12 billion. These real estate bridge loans consist entirely of rehabilitation loans for apartment buildings. The Company’s $2.14 billion REBL portfolio at June 30, 2025, has a weighted average origination date “as is” loan-to-value ratio of 70%, based on third-party appraisals. | | --- | --- | | · | Security backed lines of credit (“SBLOC”), insurance backed lines of credit (“IBLOC”), and investment advisor financing loans collectively increased 4% year over year and increased 2% quarter over linked quarter to $1.87 billion at June 30, 2025. | | --- | --- | | · | The average interest rate on $8.18 billion of average deposits and interest-bearing liabilities during the second quarter of 2025 was 2.23%. Average deposits of $8.06 billion for the second quarter of 2025 increased $1.34 billion, or 20% over second quarter 2024. | | --- | --- | | · | As of June 30, 2025, the Company’s 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 were 9.40%, 14.42%, 15.45% and 14.42%, respectively, compared to well-capitalized minimums of 5%, 8%, 10% and 6.5%, respectively. The Bancorp Bank, N.A. also remains well capitalized under banking regulations. | | --- | --- | | · | Book value per common share at June 30, 2025, was $18.60 compared to $15.77 per common share at June 30, 2024, an increase of 18%. | | --- | --- | | · | The Bancorp repurchased 753,898 shares of its common stock at an average cost of $49.75 per share during the quarter ended June 30, 2025. As a result of share repurchases, outstanding shares, net of treasury shares, at June 30, 2025 amounted to 46.3 million, compared to 49.3 million shares at June 30, 2024, or a reduction of 6%. | | --- | --- | | · | The vast majority of The Bancorp’s funding is comprised of FDIC-insured and/or small balance accounts, which adjust to only a portion of changes in rates. The Company also has lines of credit with U.S. government sponsored agencies totaling approximately $3.08 billion as of June 30, 2025, as well as access to other forms of liquidity. | | --- | --- | | · | In the second quarter of 2024, the Company purchased approximately $900 million of fixed-rate, government-sponsored-entity-backed commercial and residential mortgage securities of varying maturities, with an approximate 5.11% weighted average yield, and estimated weighted average lives of eight years, to reduce its exposure to lower levels of net interest income. Such purchases would also reduce the additional net interest income which will result if the Federal Reserve increases rates. While there are many variables and limitations to estimating exposure to changes in rates, such purchases and continuing fixed rate loan originations are projected to reduce such exposure to modest levels. In prior years, The Bancorp deferred adding fixed rate securities when yields were particularly low, which has afforded the flexibility to benefit from, and secure, more advantageous securities and loan rates. | | --- | --- |

“The Bancorp had another quarter of Fintech growth and momentum,” said Damian Kozlowski, CEO of The Bancorp. He also noted that “We continue to have significant relationship and product expansion that we believe will drive future growth. We are continuing to maintain our guidance of $5.25 earnings per share for 2025. We are also announcing Project 7. We are targeting at least a $7 earnings per share run-rate by the fourth quarter of 2026. We plan to accomplish this goal through Fintech revenue growth, buybacks of shares, and efficiency and productivity gains by reallocating or reducing resources where appropriate.”

Conference Call Webcast

You may access the LIVE webcast of The Bancorp’s Quarterly Earnings Conference Call at 8:00 AM ET Friday, July 25, 2025, by clicking on the webcast link on The Bancorp’s homepage at www.thebancorp.com or you may dial 1.800.549.8228, conference ID 45285. You may listen to the replay of the webcast following the live call on The Bancorp’s investor relations website (archived for one year) or telephonically until Friday, August 1, 2025, by dialing 1.888.660.6264, playback code 45285#.

About The Bancorp

The Bancorp, Inc. (NASDAQ: TBBK), headquartered in Wilmington, Delaware, through its subsidiary, The Bancorp Bank, National Association, provides a variety of services including providing non-bank financial companies with the people, processes, and technology to meet their unique banking needs. Through its Fintech Solutions, Institutional Banking, Commercial Lending, and Real Estate Bridge Lending businesses, The Bancorp provides partner-focused solutions paired with cutting-edge technology for companies that range from entrepreneurial startups to Fortune 500 companies. With over 20 years of experience, The Bancorp has become a leader in the financial services industry, earning recognition as the #1 issuer of prepaid cards in the U.S., a nationwide provider of bridge financing for real estate capital improvement plans, an SBA National Preferred Lender, a leading provider of securities-backed lines of credit, with one of the few bank-owned commercial vehicle leasing groups. By its company-wide commitment to excellence, The Bancorp has also been ranked as one of the 100 Fastest-Growing Companies by Fortune, a Top 50 Employer by Equal Opportunity Magazine and was selected to be included in the S&P Small Cap 600. For more about The Bancorp, visit https://thebancorp.com/.

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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 “intend,” “may,” “believe,” “will,” “expect,” “look,” “anticipate,” “plan,” “estimate,” “continue,” or similar words. Forward-looking statements include, but are not limited to, statements regarding our anticipated 2025 results, future growth, productivity and efficiency, 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/A, as amended, for the fiscal year ended December 31, 2024 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. Contact

Andres Viroslav

Director, Investor Relations

215-861-7990

andres.viroslav@thebancorp.com

Source: The Bancorp, Inc.

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The Bancorp, Inc.

Financial highlights

(unaudited)

		Three months ended			Six months ended
		June 30,			June 30,
Consolidated condensed income statements	2025		2024		2025		2024
	(Dollars in thousands, except per share and share data)
Net interest income	$	97,492	$	93,795	$	189,235	$	188,213
Provision for credit losses on non-consumer fintech loans		1,494		1,477		2,368		3,840
Provision for credit losses on consumer fintech loans		43,233		—		89,101		—
Provision (reversal) for unfunded commitments		(364)		(225)		(253)		(419)
Non-interest income
Fintech fees
ACH, card and other payment processing fees		5,562		3,000		10,694		5,964
Prepaid, debit card and related fees		26,113		24,755		51,827		49,041
Consumer credit fintech fees		3,970		140		7,570		140
Total fintech fees		35,645		27,895		70,091		55,145
Net realized and unrealized gains (losses) on commercial loans, at fair value		344		503		705		1,599
Leasing related income		2,131		1,429		4,103		1,817
Consumer fintech loan credit enhancement		43,233		—		89,101		—
Other non-interest income		2,390		895		3,385		1,543
Total non-interest income		83,743		30,722		167,385		60,104
Non-interest expense
Salaries and employee benefits		37,134		33,863		70,803		64,143
Data processing expense		1,227		1,423		2,432		2,844
Legal expense		1,863		633		3,820		1,454
FDIC insurance		1,202		869		2,255		1,714
Software		5,144		4,637		10,157		9,126
Other non-interest expense		10,653		10,021		21,050		18,877
Total non-interest expense		57,223		51,446		110,517		98,158
Income before income taxes		79,649		71,819		154,887		146,738
Income tax expense		19,828		18,133		37,893		36,623
Net income		59,821		53,686		116,994		110,115
Net income per share - basic	$	1.28	$	1.05	$	2.49	$	2.12
Net income per share - diluted	$	1.27	$	1.05	$	2.46	$	2.10
Weighted average shares - basic		46,598,535		50,937,055		46,904,592		51,842,097
Weighted average shares - diluted		47,182,770		51,337,491		47,565,580		52,327,122

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| --- | | Condensed consolidated balance sheets | | March 31, | | December 31, | | June 30, | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2025 (unaudited) | | 2024 | | 2024 (unaudited) | | | | (Dollars in thousands, except share data) | | | | | | | | Assets: | | | | | | | | | Cash and cash equivalents | | | | | | | | | Cash and due from banks | 11,637 | $ | 9,684 | $ | 6,064 | $ | 5,741 | | Interest earning deposits at Federal Reserve Bank | 328,628 | | 1,011,585 | | 564,059 | | 399,853 | | Total cash and cash equivalents | 340,265 | | 1,021,269 | | 570,123 | | 405,594 | | Investment securities, available-for-sale, at fair value, net of 10.0 million allowance for credit loss effective December 31, 2023, and 0 at December 31, 2024 | 1,481,500 | | 1,488,184 | | 1,502,860 | | 1,581,006 | | Commercial loans, at fair value | 185,476 | | 211,580 | | 223,115 | | 265,193 | | Loans, net of deferred fees and costs | 6,535,432 | | 6,380,150 | | 6,113,628 | | 5,605,727 | | Allowance for credit losses | (59,393) | | (52,497) | | (44,853) | | (28,575) | | Loans, net | 6,476,039 | | 6,327,653 | | 6,068,775 | | 5,577,152 | | Federal Home Loan Bank, Atlantic Central Bankers Bank, and Federal Reserve Bank stock | 16,250 | | 16,250 | | 15,642 | | 15,642 | | Premises and equipment, net | 26,495 | | 27,130 | | 27,566 | | 28,038 | | Accrued interest receivable | 40,607 | | 42,464 | | 41,713 | | 43,720 | | Intangible assets, net | 1,055 | | 1,154 | | 1,254 | | 1,452 | | Other real estate owned | 66,054 | | 67,129 | | 62,025 | | 57,861 | | Deferred tax asset, net | 12,436 | | 13,585 | | 18,874 | | 20,556 | | Credit enhancement asset | 26,982 | | 20,199 | | 12,909 | | — | | Other assets | 166,072 | | 149,130 | | 182,687 | | 149,187 | | Total assets | 8,839,231 | $ | 9,385,727 | $ | 8,727,543 | $ | 8,145,401 | | Liabilities: | | | | | | | | | Deposits | | | | | | | | | Demand and interest checking | 7,705,813 | $ | 8,283,262 | $ | 7,434,212 | $ | 7,095,391 | | Savings and money market | 60,122 | | 81,320 | | 311,834 | | 60,297 | | Total deposits | 7,765,935 | | 8,364,582 | | 7,746,046 | | 7,155,688 | | Senior debt | 96,391 | | 96,303 | | 96,214 | | 96,037 | | Subordinated debenture | 13,401 | | 13,401 | | 13,401 | | 13,401 | | Other long-term borrowings | 13,898 | | 13,988 | | 14,081 | | 38,283 | | Other liabilities | 89,340 | | 67,766 | | 68,018 | | 65,001 | | Total liabilities | 7,978,965 | $ | 8,556,040 | $ | 7,937,760 | $ | 7,368,410 | | Shareholders' equity: | | | | | | | | | Common stock - authorized, 75,000,000 shares of 1.00 par value; 48,104,006 and 46,262,932 shares issued and outstanding, respectively, at June 30, 2025 and 49,267,403 shares issued and outstanding at June 30, 2024 | 48,104 | | 48,067 | | 47,713 | | 49,268 | | Additional paid-in capital | 12,608 | | 7,470 | | 3,233 | | 72,171 | | Retained earnings | 896,149 | | 836,328 | | 779,155 | | 671,730 | | Accumulated other comprehensive income (loss) | 1,609 | | (1,840) | | (17,637) | | (16,178) | | Treasury stock at cost, 1,841,074 shares at June 30, 2025 and 0 shares at June 30, 2024, respectively | (98,204) | | (60,338) | | (22,681) | | — | | Total shareholders' equity | 860,266 | | 829,687 | | 789,783 | | 776,991 | | Total liabilities and shareholders' equity | 8,839,231 | $ | 9,385,727 | $ | 8,727,543 | $ | 8,145,401 |

All values are in US Dollars.

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| --- | | Average balance sheet and net interest income | | Three months ended June 30, 2025 | | | | | Three months ended June 30, 2024 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | (Dollars in thousands; unaudited) | | | | | | | | | | | | Average | | | Average | | Average | | | Average | | Assets: | | Balance | | Interest | Rate | | Balance | | Interest | Rate | | Interest earning assets: | | | | | | | | | | | | Loans, net of deferred fees and costs^(1)^ | $ | 6,560,873 | $ | 112,188 | 6.84% | $ | 5,749,565 | $ | 114,970 | 8.00% | | Leases-bank qualified^(2)^ | | 7,723 | | 174 | 9.01% | | 4,621 | | 117 | 10.13% | | Investment securities-taxable^(3)^ | | 1,462,603 | | 22,393 | 6.12% | | 1,454,393 | | 17,520 | 4.82% | | Investment securities-nontaxable^(2)^ | | 8,385 | | 131 | 6.25% | | 2,895 | | 50 | 6.91% | | Interest earning deposits at Federal Reserve Bank | | 756,603 | | 8,326 | 4.40% | | 341,863 | | 4,677 | 5.47% | | Net interest earning assets | | 8,796,187 | | 143,212 | 6.51% | | 7,553,337 | | 137,334 | 7.27% | | Allowance for credit losses | | (52,444) | | | | | (28,568) | | | | | Other assets | | 344,627 | | | | | 266,061 | | | | | | $ | 9,088,370 | | | | $ | 7,790,830 | | | | | Liabilities and Shareholders' Equity: | | | | | | | | | | | | Deposits: | | | | | | | | | | | | Demand and interest checking | $ | 7,991,121 | $ | 43,402 | 2.17% | $ | 6,657,386 | $ | 39,542 | 2.38% | | Savings and money market | | 65,637 | | 561 | 3.42% | | 60,212 | | 457 | 3.04% | | Total deposits | | 8,056,758 | | 43,963 | 2.18% | | 6,717,598 | | 39,999 | 2.38% | | Short-term borrowings | | 439 | | 5 | 4.56% | | 92,412 | | 1,295 | 5.61% | | Long-term borrowings | | 13,957 | | 198 | 5.67% | | 38,362 | | 685 | 7.14% | | Subordinated debentures | | 13,401 | | 257 | 7.67% | | 13,401 | | 291 | 8.69% | | Senior debt | | 96,333 | | 1,233 | 5.12% | | 95,984 | | 1,234 | 5.14% | | Total deposits and liabilities | | 8,180,888 | | 45,656 | 2.23% | | 6,957,757 | | 43,504 | 2.50% | | Other liabilities | | 62,505 | | | | | 36,195 | | | | | Total liabilities | | 8,243,393 | | | | | 6,993,952 | | | | | Shareholders' equity | | 844,977 | | | | | 796,878 | | | | | | $ | 9,088,370 | | | | $ | 7,790,830 | | | | | Net interest income on tax equivalent basis^(2)^ | | | $ | 97,556 | | | | $ | 93,830 | | | Tax equivalent adjustment | | | | 64 | | | | | 35 | | | Net interest income | | | $ | 97,492 | | | | $ | 93,795 | | | Net interest margin^(2)^ | | | | | 4.44% | | | | | 4.97% | | ^(1)^ Includes commercial loans, at fair value. All periods include non-accrual loans. | | --- | | ^(2)^Full taxable equivalent basis, using 21% respective statutory federal tax rates in 2025 and 2024. ^(3)^ The second quarter of 2025 included $3.1 million of interest income from a security that was known as “CRE-2” and which was related to the Company’s discontinued commercial real estate securitization business. The CRE-2 interest was repaid in the quarter as a result of the final sale of underlying collateral related to that security. CRE-2 was the last security remaining related to the Company’s discontinued commercial real estate securitization business. |

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| --- | | Average balance sheet and net interest income | Six months ended June 30, 2025 | | | | | Six months ended June 30, 2024 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | (Dollars in thousands; unaudited) | | | | | | | | | | | Average | | | | Average | Average | | | | Average | | Assets: | Balance | | Interest | | Rate | Balance | | Interest | | Rate | | Interest earning assets: | | | | | | | | | | | | Loans, net of deferred fees and costs^(1)^ | $ | 6,471,242 | $ | 220,990 | 6.83% | $ | 5,733,413 | $ | 229,130 | 7.99% | | Leases-bank qualified^(2)^ | | 6,793 | | 313 | 9.22% | | 4,683 | | 233 | 9.95% | | Investment securities-taxable^(3)^ | | 1,475,892 | | 40,520 | 5.49% | | 1,093,996 | | 27,154 | 4.96% | | Investment securities-nontaxable^(2)^ | | 7,326 | | 236 | 6.44% | | 2,895 | | 100 | 6.91% | | Interest earning deposits at Federal Reserve Bank | | 945,453 | | 21,006 | 4.44% | | 607,968 | | 16,561 | 5.45% | | Net interest earning assets | | 8,906,706 | | 283,065 | 6.36% | | 7,442,955 | | 273,178 | 7.34% | | Allowance for credit losses | | (48,700) | | | | | (27,862) | | | | | Other assets | | 354,939 | | | | | 323,244 | | | | | | $ | 9,212,945 | | | | $ | 7,738,337 | | | | | Liabilities and Shareholders' Equity: | | | | | | | | | | | | Deposits: | | | | | | | | | | | | Demand and interest checking | $ | 8,082,390 | $ | 88,447 | 2.19% | $ | 6,553,107 | $ | 78,256 | 2.39% | | Savings and money market | | 100,966 | | 1,891 | 3.75% | | 55,591 | | 904 | 3.25% | | Total deposits | | 8,183,356 | | 90,338 | 2.21% | | 6,608,698 | | 79,160 | 2.40% | | Short-term borrowings | | 220 | | 5 | 4.55% | | 46,892 | | 1,314 | 5.60% | | Repurchase agreements | | — | | — | — | | 6 | | — | — | | Long-term borrowings | | 14,003 | | 393 | 5.61% | | 38,439 | | 1,371 | 7.13% | | Subordinated debentures | | 13,401 | | 512 | 7.64% | | 13,401 | | 583 | 8.70% | | Senior debt | | 96,289 | | 2,467 | 5.12% | | 95,939 | | 2,467 | 5.14% | | Total deposits and liabilities | | 8,307,269 | | 93,715 | 2.26% | | 6,803,375 | | 84,895 | 2.50% | | Other liabilities | | 80,651 | | | | | 142,826 | | | | | Total liabilities | | 8,387,920 | | | | | 6,946,201 | | | | | Shareholders' equity | | 825,025 | | | | | 792,136 | | | | | | $ | 9,212,945 | | | | $ | 7,738,337 | | | | | Net interest income on tax equivalent basis^(2)^ | | | $ | 189,350 | | | | $ | 188,283 | | | Tax equivalent adjustment | | | | 115 | | | | | 70 | | | Net interest income | | | $ | 189,235 | | | | $ | 188,213 | | | Net interest margin^(2)^ | | | | | 4.25% | | | | | 5.06% |

^(1)^ Includes commercial loans, at fair value. All periods include non-accrual loans.

^(2)^Full taxable equivalent basis, using 21% respective statutory federal tax rates in 2025 and 2024.

^(3)^ The second quarter of 2025 included $3.1 million of interest income from a security that was known as “CRE-2” and which was related to the Company’s discontinued commercial real estate securitization business. The CRE-2 interest was repaid in the quarter as a result of the final sale of underlying collateral related to that security. CRE-2 was the last security remaining related to the Company’s discontinued commercial real estate securitization business.

| 7 |

| --- | | Capital ratios | Tier 1 capital | Tier 1 capital | Total capital | Common equity | | --- | --- | --- | --- | --- | | | to average | to risk-weighted | to risk-weighted | Tier 1 to risk | | | assets ratio | assets ratio | assets ratio | weighted assets | | As of June 30, 2025 | | | | | | The Bancorp, Inc. | 9.40% | 14.42% | 15.45% | 14.42% | | The Bancorp Bank, National Association | 10.33% | 15.80% | 16.83% | 15.80% | | "Well capitalized" institution (under federal regulations-Basel III) | 5.00% | 8.00% | 10.00% | 6.50% | | As of December 31, 2024 | | | | | | The Bancorp, Inc. | 9.41% | 13.85% | 14.65% | 13.85% | | The Bancorp Bank, National Association | 10.38% | 15.25% | 16.06% | 15.25% | | "Well capitalized" institution (under federal regulations-Basel III) | 5.00% | 8.00% | 10.00% | 6.50% | | | Three months ended | | | | Six months ended | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | June 30, | | | | June 30, | | | | | | 2025 | | 2024 | | 2025 | | 2024 | | | Selected operating ratios | | | | | | | | | | Return on average assets^(1)^ | | 2.64% | | 2.77% | | 2.56% | | 2.86% | | Return on average equity^(1)^ | | 28.40% | | 27.10% | | 28.60% | | 27.95% | | Net interest margin | | 4.44% | | 4.97% | | 4.25% | | 5.06% |

^(1)^ Annualized

Book value per share table	June 30,		March 31,		December 31,		June 30,
	2025		2025		2024		2024
Book value per share	$	18.60	$	17.66	$	16.69	$	15.77
Gross dollar volume (GDV)^(1)^	Three months ended
---	---	---	---	---	---	---	---	---
	June 30,		March 31,		December 31,		June 30,
	2025		2025		2024		2024
		(Dollars in thousands)
Prepaid and debit card GDV	$	43,649,005	$	44,650,422	$	39,656,909	$	37,139,200

^(1)^Gross dollar volume represents the total dollar amount spent on prepaid, debit and credit cards issued by The Bancorp Bank, N.A.

| 8 |

---
---	---	---	---	---	---	---	---	---
Quarter ended June 30, 2025
(Dollars in millions)
			Balances
				% Growth
Major business lines	Average approximate rates^(1)^		Balances^(2)^	Year over Year	Linked quarter annualized
Loans
Institutional banking^(3)^	6.2%	$	1,873	4%	7%
Small business lending^(4)^	7.3%		1,047	11%	15%
Leasing	8.2%		698	(2%)	(7%)
Commercial real estate (non-SBA loans, at fair value)	7.5%		109	nm	nm
Real estate bridge loans (recorded at book value)	8.2%		2,140	1%	(13%)
Consumer fintech loans - interest bearing	5.2%		60	nm	nm
Consumer fintech loans - non-interest bearing^(5)^	—		620	nm	nm
Weighted average yield	6.7%	$	6,547				Non-interest income
								% Growth
Deposits: Fintech solutions group							Current quarter	Year over Year
Prepaid and debit card issuance, consumer fintech loan fees, and other payments fees	2.2%	$	7,761	20%	nm	$	35.6	28%

^(1)^Average rates are for the three months ended June 30, 2025.

^(2)^Loan and deposit categories are based on period-end and average quarterly balances, respectively.

^(3)^Institutional Banking loans are comprised of SBLOC loans collateralized by marketable securities, IBLOC loans collateralized by the cash surrender value of eligible life insurance policies, and investment advisor financing.

^(4)^Small Business Lending is substantially comprised of SBA-guaranteed loans. Growth rates exclude the impact of $4 million of loans that do not qualify for true sale accounting at June 30, 2025 compared to $4 million at prior quarter end and $29 million at June 30, 2024.

^(5)^Income related to non-interest-bearing balances is included in non-interest income.

Summary of credit lines available

The Bancorp Bank, N.A. maintains lines of credit exceeding potential liquidity requirements as follows. The Bancorp also has access to other substantial sources of liquidity.

	June 30, 2025
		(Dollars in thousands)
Federal Reserve Bank	$	2,049,770
Federal Home Loan Bank		1,027,750
Total lines of credit available	$	3,077,520

Estimated insured vs uninsured deposits

The vast majority of The Bancorp Bank, N.A.’s deposits are low balance, insured deposits, and accordingly do not constitute the liquidity risk experienced by certain institutions. The deposit base is comprised as follows.

	June 30, 2025
Insured		94%
Low balance accounts^(1)^		3%
Other uninsured		3%
Total deposits		100%

^(1)^Comprised of small balances, such as anonymous gift cards and corporate incentive cards for which there is no identified depositor.

| 9 |

| --- | | Allowance for credit losses | | Six months ended | | | Year ended | | | --- | --- | --- | --- | --- | --- | --- | | | June 30, | | June 30, | | December 31, | | | | 2025 (unaudited) | | 2024 (unaudited) | | 2024 | | | | (Dollars in thousands) | | | | | | | Balance in the allowance for credit losses at beginning of period | $ | 44,853 | $ | 27,378 | $ | 27,378 | | Loans charged-off: | | | | | | | | SBA non-real estate | | 171 | | 417 | | 708 | | Direct lease financing | | 1,520 | | 2,301 | | 4,575 | | Consumer - home equity | | — | | 10 | | 10 | | Consumer fintech | | 89,627 | | — | | 19,619 | | Other loans | | 704 | | 6 | | 8 | | Total | | 92,022 | | 2,734 | | 24,920 | | Recoveries: | | | | | | | | SBA non-real estate | | 61 | | 32 | | 229 | | Direct lease financing | | 429 | | 59 | | 318 | | Consumer fintech | | 14,599 | | — | | 1,877 | | Consumer - home equity | | 4 | | — | | 1 | | Total | | 15,093 | | 91 | | 2,425 | | Net charge-offs | | 76,929 | | 2,643 | | 22,495 | | Provision for credit losses on non-consumer fintech loans | | 2,368 | | 3,840 | | 9,319 | | Provision for credit losses on consumer fintech loans | | 89,101 | | — | | 30,651 | | Balance in allowance for credit losses at end of period | $ | 59,393 | $ | 28,575 | $ | 44,853 | | Net charge-offs/average loans | | 1.23% | | 0.05% | | 0.40% | | Net charge-offs/average assets | | 0.84% | | 0.03% | | 0.28% |

Loan portfolio

The Bancorp Bank, N.A. emphasizes safety and soundness, and its balance sheet has a risk profile enhanced by the special nature of the collateral supporting its loan niches, related underwriting, and the characteristics of its funding sources, including those highlighted in the bullets below. Those loan niches and funding sources have contributed to increased earnings levels, even during periods in which markets have experienced various economic stresses.

·	In its REBL portfolio, the Company has minimal exposure to non-multifamily commercial real estate such as office buildings, and instead<br>has a portfolio largely comprised of rehabilitation bridge loans for apartment buildings. These loans generally have three-year terms<br>with two one-year extension options to allow for the rehabilitation work to be completed and rentals stabilized for an extended period,<br>before being refinanced at lower rates through U.S. Government Sponsored Entities or other lenders. The REBL portfolio consists primarily<br>of workforce housing, which we consider to be working class apartments at more affordable rental rates. Related collateral values should<br>accordingly be more stable than higher rent properties, even in stressed economies. While the macro-economic environment has challenged<br>the multifamily bridge space, the stability of the Company’s REBL portfolio is evidenced by the estimated values of the underlying<br>collateral. The Company’s $2.14 billion REBL portfolio at June 30, 2025, has a weighted average origination date “as is”<br>loan-to-value ratio of 70%, based on third-party appraisals. Further, the weighted average origination date “as stabilized”<br>LTV, which measures the estimated value of the apartments after the rehabilitation is complete may provide even greater protection.
·	As part of the underwriting process, The Bancorp Bank, N.A. reviews prospective borrowers’ previous rehabilitation experience<br>in addition to overall financial wherewithal. These transactions also include significant borrower equity contributions with required<br>performance metrics. Underwriting generally includes, but is not limited to, assessment of local market information relating<br>to vacancy and rental rates, review of post rehabilitation rental rate assumptions against geo-specific affordability indices, negative<br>news searches, lien searches, visitations by bank personnel and/or designated engineers, and other information sources.
---	---
·	Rehabilitation progress is monitored through ongoing draw requests and financial reporting covenants. This generally allows for early<br>identification of potential issues, and expedited action to address on a timely basis.
---	---
·	Operations and ongoing loan evaluation are overseen by multiple levels of management, in addition to the REBL team’s experienced<br>professional staff and third-party consultants utilized during the underwriting and asset management process. This oversight includes<br>a separate loan committee specific to REBL, which is comprised of seasoned and experienced lending professionals who do not directly report<br>to anyone on the REBL team. There is also a separate loan review department, a surveillance committee, and additional staff which evaluate<br>potential losses under the current expected credit losses methodology (“CECL”), all of which similarly do not report to anyone<br>on the REBL team.
---	---

| 10 |

| --- | | · | SBLOC and IBLOC portfolios are respectively secured by marketable securities and the cash value of life insurance. The majority of SBA 7(a) loans are government guaranteed, while SBA 504 loans are made with 50%-60% LTVs. | | --- | --- | | · | Additional details regarding our loan portfolios are included in the body of this press release and the related tables in this press release, as is the summarization of the earnings contributions of our payments businesses, which further enhances The Bancorp’s risk profile. The Company’s risk profile inherent in its loan portfolios, funding, and earnings levels, may present opportunities to further increase stockholder value, while still prudently maintaining capital levels. | | --- | --- | |   | June 30, | | March 31, | | December 31, | | June 30, | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 2025 (unaudited) | | 2025 (unaudited) | | 2024 | | 2024 (unaudited) | | | | (Dollars in thousands) | | | | | | | | | SBL non-real estate | $ | 204,087 | $ | 191,750 | $ | 190,322 | $ | 171,893 | | SBL commercial mortgage | | 723,754 | | 681,454 | | 662,091 | | 647,894 | | SBL construction | | 30,705 | | 42,026 | | 34,685 | | 30,881 | | Small business loans | | 958,546 | | 915,230 | | 887,098 | | 850,668 | | Direct lease financing | | 698,086 | | 709,978 | | 700,553 | | 711,403 | | SBLOC / IBLOC^(1)^ | | 1,601,405 | | 1,577,170 | | 1,564,018 | | 1,558,095 | | Advisor financing | | 272,155 | | 265,950 | | 273,896 | | 238,831 | | Real estate bridge loans | | 2,140,039 | | 2,212,054 | | 2,109,041 | | 2,119,324 | | Consumer fintech^(2)^ | | 680,487 | | 574,048 | | 454,357 | | 70,081 | | Other loans^(3)^ | | 169,945 | | 112,322 | | 111,328 | | 46,592 | | | | 6,520,663 | | 6,366,752 | | 6,100,291 | | 5,594,994 | | Unamortized loan fees and costs | | 14,769 | | 13,398 | | 13,337 | | 10,733 | | Total loans, including unamortized fees and costs | $ | 6,535,432 | $ | 6,380,150 | $ | 6,113,628 | $ | 5,605,727 | | Small business portfolio | | June 30, | | March 31, | | December 31, | | June 30, | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2025 (unaudited) | | 2025 (unaudited) | | 2024 | | 2024 (unaudited) | | | | (Dollars in thousands) | | | | | | | | SBL, including unamortized fees and costs | $ | 970,116 | $ | 925,877 | $ | 897,077 | $ | 860,226 | | SBL, included in loans, at fair value | | 76,830 | | 83,448 | | 89,902 | | 104,146 | | Total small business loans^(4)^ | $ | 1,046,946 | $ | 1,009,325 | $ | 986,979 | $ | 964,372 |

^(1)^SBLOC loans are collateralized by marketable securities, while IBLOC are collateralized by the cash surrender value of insurance policies. At June 30, 2025 and December 31, 2024, IBLOC loans amounted to $513.9 million and $548.1 million, respectively.

^(2)^At June 30, 2025, consumer fintech loans consisted of $346.9 million of secured credit card loans, with the balance comprised of other short-term extensions of credit.

^(3)^Includes demand deposit overdrafts reclassified as loan balances totaling $6.4 million and $1.2 million at June 30, 2025 and December 31, 2024, respectively. Estimated overdraft charge-offs and recoveries are reflected in the allowance for credit losses and are immaterial.

^(4)^The SBLs held at fair value are comprised of the government guaranteed portion of 7(a) Program loans at the dates indicated.

Small business loans as of June 30, 2025

	Loan principal
	(Dollars in millions)
U.S. government guaranteed portion of SBA loans^(1)^	$	397
Commercial mortgage SBA^(2)^		382
Construction SBA^(3)^		18
Non-guaranteed portion of U.S. government guaranteed 7(a) Program loans^(4)^		117
Non-SBA SBLs		116
Other^(5)^		4
Total principal	$	1,034
Unamortized fees and costs		13
Total SBLs	$	1,047

^(1)^Includes the portion of SBA 7(a) Program loans which have been guaranteed by the U.S. government, and therefore are assumed to have no credit risk.

^(2)^Substantially all these loans are made under the 504 Program, which dictates origination date LTV percentages, generally 50%-60%, to which The Bancorp Bank, N.A. adheres.

^(3)^Includes $13 million in 504 Program first mortgages with an origination date LTV of 50%-60%, and $5 million in SBA interim loans with an approved SBA post-construction full takeout/payoff.

^(4)^Includes the unguaranteed portion of 7(a) Program loans which are 70% or more guaranteed by the U.S. government. SBA 7(a) Program loans are not made on the basis of real estate LTV; however, they are subject to SBA's "All Available Collateral" rule which mandates that to the extent a borrower or its 20% or greater principals have available collateral (including personal residences), the collateral must be pledged to fully collateralize the loan, after applying SBA-determined liquidation rates. In addition, all 7(a) Program loans and 504 Program loans require the personal guaranty of all 20% or greater owners.

^(5)^Comprised of $4 million of loans sold that do not qualify for true sale accounting.

| 11 |

| --- |

Small business loans by type as of June 30, 2025

(Excludes government guaranteed portion of SBA 7(a) Program)

	SBL commercial mortgage^(1)^		SBL construction^(1)^		SBL non-real estate		Total		% Total
		(Dollars in millions)
Hotels (except casino hotels) and motels	$	88	$	—	$	—	$	88	14%
Funeral homes and funeral services		44		—		38		82	13%
Full-service restaurants		31		2		3		36	6%
Child day care services		25		—		3		28	4%
Car washes		11		11		—		22	4%
Homes for the elderly		16		—		—		16	2%
Gasoline stations with convenience stores		15		—		—		15	2%
Outpatient mental health and substance abuse centers		15		—		—		15	2%
General line grocery merchant wholesalers		13		—		—		13	2%
Fitness and recreational sports centers		8		—		2		10	2%
Plumbing, heating, and air-conditioning companies		9		—		1		10	2%
Nursing care facilities		9		—		—		9	1%
Caterers		9		—		—		9	1%
Offices of lawyers		9		—		—		9	1%
Used car dealers		7		—		—		7	1%
Limited-service restaurants		3		—		3		6	1%
All other specialty trade contractors		6		—		1		7	1%
General warehousing and storage		6		—		—		6	1%
Automotive body, paint, and interior repair		6		—		—		6	1%
Other accounting services		6		—		—		6	1%
Appliance repair and maintenance		6		—		—		6	1%
Residential remodelers		5		—		—		5	1%
Other^(2)^		185		7		30		222	36%
Total	$	532	$	20	$	81	$	633	100%

^(1)^Of the SBL commercial mortgage and SBL construction loans, $153 million represents the total of the non-guaranteed portion of SBA 7(a) Program loans and non-SBA loans. The balance of those categories represents SBA 504 Program loans with 50%-60% origination date LTVs. SBL Commercial excludes $4 million of loans sold that do not qualify for true sale accounting.

^(2)^Loan types of less than $5 million are spread over approximately one hundred different business types.

State diversification as of June 30, 2025

(Excludes government guaranteed portion of SBA 7(a) Program loans)

	SBL commercial mortgage^(1)^		SBL construction^(1)^		SBL non-real estate		Total		% Total
		(Dollars in millions)
California	$	141	$	6	$	6	$	153	24%
Florida		83		7		4		94	15%
North Carolina		44		—		4		48	8%
New York		41		—		3		44	7%
Texas		29		4		6		39	6%
New Jersey		31		—		7		38	6%
Pennsylvania		19		—		13		32	5%
Georgia		25		3		2		30	5%
Other states		119		—		36		155	24%
Total	$	532	$	20	$	81	$	633	100%

| 12 |

| --- |

Top 10 loans as of June 30, 2025

Type^(1)^		SBL commercial mortgage
	(Dollars in millions)
General line grocery merchant wholesalers	CA	$	13
Funeral homes and funeral services	ME		12
Funeral homes and funeral services	PA		12
Outpatient mental health and substance abuse center	FL		10
Hotel	FL		8
Lawyer's office	CA		8
Hotel	VA		7
Hotel	NC		7
Funeral homes and funeral services	ME		6
Charter bus industry	NY		6
Total		$	89

^(1)^ The table above does not include loans to the extent that they are U.S. government guaranteed.

| 13 |

| --- |

Commercial real estate loans, excluding SBA loans, are as follows including LTV at origination:

Type as of June 30, 2025

Type	# Loans		Balance	Weighted average origination date LTV	Weighted average interest rate
	(Dollars in millions)
Real estate bridge loans (multifamily apartment loans recorded at amortized cost)^(1)^	177	$	2,140	70%	8.50%
Non-SBA commercial real estate loans, at fair value:
Multifamily (apartment bridge loans)^(1)^	2	$	69	69%	7.06%
Hospitality (hotels and lodging)	1		19	66%	9.75%
Retail	2		12	72%	8.20%
Other	2		9	71%	4.96%
	7		109	69%	7.52%
Fair value adjustment			—
Total non-SBA commercial real estate loans, at fair value			109
Total commercial real estate loans		$	2,249	70%	8.45%

^(1)^In the third quarter of 2021, we resumed the origination of bridge loans for multi-family apartment rehabilitation which comprise these categories. Such loans held at fair value were originally intended for sale, but are now being retained on the balance sheet. In addition to “as is” origination date appraisals, on which the weighted average origination date LTVs are based, third-party appraisers also estimated “as stabilized” values, which represents additional potential collateral value as rehabilitation progresses, and units are re-leased at stabilized rental rates. The weighted average origination date “as stabilized” LTV was estimated at 60%.

State diversification as of June 30, 2025			15 largest loans as of June 30, 2025
State	Balance	Origination date LTV	State		Balance	Origination date LTV
(Dollars in millions)			(Dollars in millions)
Texas	681	71%	Texas	$	46	75%
Georgia	326	70%	Texas		40	64%
Florida	232	68%	Michigan		39	62%
New Jersey	136	69%	Texas		36	67%
Indiana	130	71%	Florida		35	72%
Ohio	119	71%	New Jersey		34	62%
Michigan	75	64%	Pennsylvania		34	63%
Other states each <65 million	550	70%	Indiana		34	76%
Total	2,249	70%	New Jersey		31	71%
			Texas		31	77%
			Georgia		30	69%
			Ohio		29	74%
			Texas		27	79%
			New Jersey		26	71%
			Texas		25	70%
			15 largest commercial real estate loans	$	497	70%

All values are in US Dollars.

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Institutional banking loans outstanding at June 30, 2025

Type	Principal		% of total
		(Dollars in millions)
SBLOC	$	1,087	58%
IBLOC		514	27%
Advisor financing		272	15%
Total	$	1,873	100%

For SBLOC, we generally lend up to 50% of the value of equities and 80% for investment grade securities. While the value of equities has fallen in excess of 30% in recent years, the reduction in collateral value of brokerage accounts collateralizing SBLOC loans generally has been less, for two reasons. First, many collateral accounts are “balanced” and accordingly have a component of debt securities, which have either not decreased in value as much as equities, or in some cases may have increased in value. Second, many of these accounts have the benefit of professional investment advisors who provided some protection against market downturns, through diversification and other means. Additionally, borrowers often utilize only a portion of collateral value, which lowers the percentage of principal to collateral.

Top 10 SBLOC loans at June 30, 2025

	Principal amount		% Principal to collateral
	(Dollars in millions)
	$	10	34%
		9	17%
		8	84%
		8	12%
		8	47%
		8	19%
		7	31%
		7	20%
		6	4%
		6	38%
Total and weighted average	$	77	31%

Insurance backed lines of credit (IBLOC)

IBLOC loans are backed by the cash value of eligible life insurance policies which have been assigned to us. We generally lend up to 95% of such cash value. Our underwriting standards require approval of the insurance companies which carry the policies backing these loans. Currently, fifteen insurance companies have been approved and, as of July 15, 2025, all were rated A- (Excellent) or better by AM BEST.

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Direct lease financing by type as of June 30, 2025

		Principal balance^(1)^	% Total
		(Dollars in millions)
Construction	$	127	18%
Government agencies and public institutions^(2)^		127	18%
Real estate and rental and leasing		98	14%
Waste management and remediation services		92	13%
Health care and social assistance		29	4%
Other services (except public administration)		25	4%
Professional, scientific, and technical services		23	3%
Wholesale trade		18	3%
General freight trucking		16	2%
Transit and other transportation		12	2%
Finance and insurance		12	2%
Arts, entertainment, and recreation		11	2%
Other		108	15%
Total	$	698	100%

^(1)^Of the total $698 million of direct lease financing, $644 million consisted of vehicle leases with the remaining balance consisting of equipment leases.

^(2)^Includes public universities as well as school districts.

Direct lease financing by state as of June 30, 2025

State		Principal balance	% Total
		(Dollars in millions)
Florida	$	121	17%
New York		59	9%
Utah		51	7%
Connecticut		49	7%
California		45	6%
Pennsylvania		43	6%
North Carolina		38	5%
Maryland		36	5%
New Jersey		34	5%
Texas		22	3%
Idaho		16	2%
Georgia		15	2%
Washington		14	2%
Alabama		13	2%
Ohio		13	2%
Other states		129	20%
Total	$	698	100%

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Loan delinquency and other real estate owned	June 30, 2025
	30-59 days		60-89 days		90+ days				Total				Total
	past due		past due		still accruing		Non-accrual		past due		Current		loans
SBL non-real estate	$	—	$	3,012	$	—	$	5,976	$	8,988	$	195,099	$	204,087
SBL commercial mortgage		—		—		—		8,340		8,340		715,414		723,754
SBL construction		—		—		—		2,892		2,892		27,813		30,705
Direct lease financing		9,201		3,727		307		7,236		20,471		677,615		698,086
SBLOC / IBLOC		13,944		386		135		469		14,934		1,586,471		1,601,405
Advisor financing		—		—		—		—		—		272,155		272,155
Real estate bridge loans		—		—		—		36,677		36,677		2,103,362		2,140,039
Consumer fintech		18,930		1,113		434		—		20,477		660,010		680,487
Other loans		2		61		7		—		70		169,875		169,945
Unamortized loan fees and costs		—		—		—		—		—		14,769		14,769
	$	42,077	$	8,299	$	883	$	61,590	$	112,849	$	6,422,583	$	6,535,432

Other loan information

Of the $91.4 million special mention and $124.4 million substandard loans real estate bridge loans at June 30, 2025, none were modified in the second quarter of 2025.

Other real estate owned year to date activity

	June 30, 2025
Beginning balance	$	62,025
Transfer from loans, net		2,273
Advances		1,756
Ending balance	$	66,054

	June 30,		March 31,		December 31,		June 30,
	2025		2025		2024		2024
Asset quality ratios:
Nonperforming loans to total loans^(1)^		0.96%		0.51%		0.55%		0.34%
Nonperforming assets to total assets^(1)^		1.45%		1.10%		1.14%		1.08%
Allowance for credit losses to total loans		0.91%		0.82%		0.73%		0.51%

^(1)^In the first quarter of 2024, a $39.4 million apartment building rehabilitation bridge loan was transferred to nonaccrual status. On April 2, 2024, the same loan was transferred from nonaccrual status to other real estate owned. We completed the majority of the capital improvements at the property. The June 30, 2025, other real estate owned balance of $42.9 million compares to June 30, 2025 third-party “as stabilized” and "as is" appraisals, respectively, of $59.1 million and $51.4 million, or respective LTVs of 73% and 83%. As previously disclosed, the property was under an agreement of sale. On June 24, 2025, the Company terminated the agreement of sale for the property and demanded the escrow agent release to Company all earnest money deposits received to date, totaling $3.0 million. On June 26, 2025, without providing any legal or contractual basis to do so, the purchaser objected to the release of the earnest money deposits. The Company believes it is entitled to the earnest money deposits and intends to pursue release of the funds.

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Calculation of efficiency ratio (non-GAAP)^(1)^

				Six months ended
		June 30,		June 30,		June 30,
		2024		2025		2024

Net interest income	97,492	$	93,795	$	189,235	$	188,213
Non-interest income(2)	40,510		30,722		78,284		60,104
Total revenue	138,002	$	124,517	$	267,519	$	248,317
Non-interest expense	57,223	$	51,446	$	110,517	$	98,158
Efficiency ratio	41%		41%		41%		40%
(1)The efficiency ratio is calculated by dividing GAAP total non-interest expense by the total of GAAP net interest income and non-interest income. 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.
(2)Excludes consumer fintech loan credit enhancement income of 43.2 million and 89.1 million for the three and six months ended June 30, 2025, respectively.

All values are in US Dollars.

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Exhibit 99.2

THE BANCORP INVESTOR PRESENTATION JULY 2025

2 DISCLOSURES Statements in this presentation regarding The Bancorp, Inc.’s (“The Bancorp”) business , that are not historical facts, are “forward - looking statements.” These statements may be identified by the use of forward - looking terminology, including the words “intend,” “may,” “believe,” “will,” “expect,” “look,” “anticipate,” “plan,” “estimate,” “continue,” or similar words. Forward - looking statements include but are not limited to, statements regarding our anticipated 2025 results, future profitability and growth, share repurchases, and our ability to achieve long - term financial targets. These 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, as amended, for the fiscal year ended December 31, 2024 and other documents that the Company files from time to time with the Securities and Exchange Commission. The Bancorp does not undertake any duty to publicly revise or update forward - looking statements in this presentation to reflect events or circumstances that arise after the date of this presentation, except as may be required under applicable law. This presentation contains information regarding financial results that is calculated and presented on the basis of methodologies other than in accordance with accounting principles generally accepted in the United States (“GAAP”), such as those identified in the Appendix. Any non - GAAP financial measures used in this presentation are in addition to, and should not be considered superior to, or a substitute for, financial statements prepared in accordance with GAAP. Non - GAAP financial measures are subject to significant inherent limitations. The non - GAAP measures presented herein may not be comparable to similar non - GAAP measures presented by other companies. This presentation includes market, industry and economic data that was obtained from various publicly available sources and other sources believed by the Company to be true. Although the Company believes it to be reliable, the Company has not independently verified any of the data from third party sources referred to in this presentation or analyzed or verified the underlying reports relied upon or referred to by such sources, or ascertained the underlying economic and other assumptions relied upon by such sources. The Company believes that its market, industry, and economic data is accurate and that its estimates and assumptions are reasonable, but there can be no assurance as to the accuracy or completeness thereof. Past performance is not indicative nor a guarantee of future results. Copies of the documents filed by The Bancorp with the SEC are available free of charge from the website of the SEC at www.sec.gov as well as on The Bancorp’s website at www.thebancorp.com . FORWARD LOOKING STATEMENTS & OTHER DISCLOSURES

3 FINANCIAL PERFORMANCE DELIVERING STRONG FINANCIAL PERFORMANCE Q2 YTD 2025 2024 2023 2022 29% 27% 26% 19% ROE PROFITABILITY 2.6% 2.7% 2.6% 1.8% ROA 41% 40% 41% 48% EFFICIENCY RATIO 1 SCALABLE PLATFORM KEY FINANCIAL METRICS 1 Please see Appendix slide 31 for calculation of efficiency ratio. Platform delivering operating leverage Capitalized on interest rate environment SUSTAINED PERFORMANCE The Bancorp is continuing to deliver high quality financial performance

4 $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 2022 2023 2024 2025 Guidance Q4 2026 Annualized "Run rate" EARNINGS PER SHARE DELIVERING STRONG FINANCIAL PERFORMANCE GUIDANCE We are maintaining our 2025 1 guidance of $5.25 per share and establishing a goal of $1.75 per share by Q4 2026, which represents a run rate of $7.00 p er share 1 2025 guidance assumes achievement of management’s strategic goals as described elsewhere in this presentation and other budge tar y goals. $5.25 $2.27 $3.49 $4.29 $7.00 $1.75 Q4 2026 Fintech Revenue Growth across new partnerships, products and services Share Buybacks driven by core earnings and planned $200M Senior Notes issuance in Q3 2025 Reallocation or Reduction in Resources where appropriate EARNINGS GUIDANCE PATHWAYS TO ACHIEVING $7.00 RUN RATE

5 THE BANCORP CORE BUSINESS MODEL FINTECH SOLUTIONS GENERATES NON - INTEREST INCOME AND ATTRACTS STABLE, LOWER - COST DEPOSITS DEPLOYED INTO ASSETS IN SPECIALIZED MARKETS THE BANCORP BUSINESS MODEL

6 FINTECH PARTNER BANK FINTECH LEADERSHIP PAYMENT NETWORKS FACILITATE payments between parties via the card networks. PROGRAM MANAGERS CLIENT FACING platforms deliver highly scalable banking solutions to customers with emphasis on customer acquisition and technology. REGULATORS OVERSIGHT of domestic banking and payments activities. PROCESSORS BACK - OFFICE support for program managers providing record keeping and core platform services. FINTECH ECOSYSTEM Enabling fintech companies by providing industry leading card issuing, payments facilitation and regulatory expertise to a diversified portfolio of clients

7 SPECIALIZED LENDING SPECIALIZED LENDING BUSINESS LINES LENDING BUSINESSES Core lending businesses are comprised of our specialized lending activities Institutional Banking $1.9B Emphasize core business lines and add related products and enter adjacent markets Remain positioned to capitalize on credit sponsorship opportunities Maintain balance sheet flexibility as we approach $10B in total assets Real Estate Bridge Lending $2.2B Small Business $1.0B Leasing $ 0.7B CORE LENDING BUSINESSES AS OF Q2 2025 TOTAL $ 6.5 B Established Operating Platform Scalable technology, operations and sales platforms across lending business to support sustained growth STRATEGIC OUTLOOK Consumer Fintech Lending $ 0.7B

8 2030 STRATEGY OUR 2030 STRATEGY OVERVIEW Our new 2030 strategy encompasses previous goals outlined in Vison 700 while adding new fintech opportunities Build on our strengths Create new opportunities Sustain revenue growth Enhance profitability Averting substantial event - risk Keeping the balance sheet under $10B Avoiding potential regulatory issues + + + + EVALUATION FRAMEWORK BEING MINDFUL OF: How can we build on our leading fintech partner bank model and specialized lending businesses?

2030 STRATEGY *Without competing with our partners 1 PROVIDE NEW FINTECH SERVICES 3 SUPPORT FINTECH LENDING 2 MONETIZE CORE COMPETENCIES Our 2030 plan comprises new opportunities identified across various strategic pathways: 1 Long term guidance assumes achievement of management’s long - term strategic plan as described elsewhere in this presentation, imp act of realized and expected interest rate movement, and other budgetary goals. TOTAL REVENUE >$1 Billion ROE >40% ROA >4.0% LEVERAGE >10% LONG - TERM FINANCIAL TARGETS 1 • Niche program management • Embedded Finance • Regulatory services • Middle - office technologies • Diversified holdings across many programs with significant distribution of assets APEX 2030

FINTECH SOLUTIONS: DEPOSIT & FEE GENERATION

11 FINTECH SOLUTIONS: FEE & DEPOSIT GENERATING ACTIVITIES ENABLING LEADING FINTECH COMPANIES DEBIT PROGRAM MANAGERS (CHALLENGER BANKS) PREPAID/STORED VALUE PROGRAM MANAGERS • Provides physical and virtual card issuing • Maintains deposit balances on cards • Facilitates payments into the card networks as the sponsoring bank • Established risk and compliance function is highly scalable #6 Debit Issuing Bank 2024 2 #1 Prepaid Issuing Bank 2024 2 • Government • Employer Benefits • Corporate Disbursements • Payroll • Gift 1 Includes non - interest income from prepaid and debit card issuance plus ACH, card and other payments processing fees, and consume r credit fintech fees. 2 Nilson Report, April 2025. % TOTAL BANK REVENUE Q2 YTD 2025 1 26 % GROSS DOLLAR VOLUME GROWTH Q2 2025 VS Q2 2024 18 %

12 FINTECH SOLUTIONS : ESTABLISHED OPERATING PLATFORM SCALABLE PLATFORM ESTABLISHED OPERATING PLATFORM • Infrastructure in place to support significant growth • Long - term relationships with multiple processors enable efficient onboarding • Continued technology investments without changes to expense base REGULATORY EXPERTISE • Financial Crimes Risk Management program with deep experience across payments ecosystem • Customized risk and compliance tools specific to the Fintech Industry OTHER PAYMENTS OFFERINGS • Rapid Funds instant payment transfer product • Potential to capitalize on credit - linked payments opportunities • Additional payments services include ACH processing for third parties INNOVATIVE SOLUTIONS Our platform supports a wide variety of strategic fintech partners through our established processor relationships, regulatory expertise, and suite of other payments products

13 FINTECH SOLUTIONS : STABLE, LOWER - COST DEPOSIT GENERATOR DEPOSIT GROWTH FROM FINTECH BUSINESS HIGHLIGHTS • Stable, lower - cost deposit base anchored by contractual, multi - year relationships in our Fintech Solutions business • Fintech Solutions growth driven by increased transactional volume due to electronic banking migration and the addition of new partners $0.0 $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 $8.0 $9.0 2021 2022 2023 2024 Q2 2025 AVERAGE DEPOSITS BY PERIOD ($ BILLIONS) Fintech Solutions Group (Prepaid and Debit Card Issuance and other payments) Other (Includes time deposits and other legacy deposit programs) 2.18% 2.37% 2.32% 0.82% 0.10% COST OF DEPOSITS $5.7 $6.3 $6.4 $6.9 $8.1

14 FINTECH SOLUTIONS : STABLE, LOWER - COST DEPOSIT GENERATOR STABLE DEPOSITS & SIGNIFICANT BALANCE SHEET LIQUIDITY STRONG POSITIONING Our deposit base is primarily comprised of granular, small balance, FDIC insured accounts and we maintain significant borrowing capacity on our credit lines ESTIMATED INSURED VS OTHER UNINSURED DEPOSITS June 30, 2025 94% Insured 3% Low balance accounts 3% Other uninsured 100% Total deposits SUMMARY OF CREDIT LINES AVAILABLE June 30, 2025 (Dollars in millions) 2,050 $ Federal Reserve Bank 1,028 Federal Home Loan Bank 3,078 $ Total lines of credit available 94% INSURED DEPOSITS Primarily consist of low balance accounts

LOANS, LEASES & SUPPORTING COLLATERAL

16 LOANS & LEASES STRATEGIC OUTLOOK Optimize balance sheet and continue to capitalize on fintech lending opportunities KEY CONSIDERATIONS FOR LENDING GROWTH MANAGE CREDIT RISK TO DESIRED LEVELS OPTIMIZE NET INTEREST MARGIN AND MONITOR INTEREST RATE SENSITIVITY EXPAND FINTECH LENDING WITH KEY CLIENTS MAINTAIN FLEXIBILITY AS WE APPROACH $10B TOTAL ASSETS Building an asset mix that drives earnings and profitability while maintaining desired credit and interest rate risk characteristics

17 LOANS & LEASES LOAN PORTFOLIO OVERVIEW % OF TOTAL PORTFOLIO 06/30/2025 PRINCIPAL BALANCE ($ MILLIONS) BALANCE SHEET CATEGORY BUSINESS LINE 33% $ 2,209 Multifamily - commercial real estate (A) Real Estate Bridge Lending <1% 19 Hospitality - commercial real estate <1% 12 Retail - commercial real estate <1% 9 Other 33% 2,249 Total 16% 1,087 Securities - backed lines of credit (SBLOC) ( B) Institutional Banking 8% 514 Insurance - backed lines of credit (IBLOC) (C) 4% 272 Advisor Financing 28% 1,873 Total 6% 397 U.S. government guaranteed portion of SBA loans ( D) Small Business Lending 6% 382 Commercial mortgage SBA ( E) 2% 117 Non - guaranteed portion of U.S. govn’t guaranteed 7(a) loans 2% 116 Non - SBA small business loans <1% 18 Construction SBA <1% 4 Other 16% 1,034 Total 10% 698 Leasing ( F) Commercial Fleet Leasing 10% 681 Consumer fintech ( G) Fintech Solutions Group 3% 170 Other Other 100% $ 6,705 Total principal LOAN COLLATERAL VALUES SUPPORTED BY: A. Comprised of workforce apartment buildings in carefully selected areas B. SBLOC loans are backed by marketable securities with nominal credit losses C. IBLOC loans are backed by the cash value of life insurance policies with nominal credit losses D. Portion of small business loans fully guaranteed by the U.S. government E. 50% - 60% loan to value ratios at origination F. Recourse to vehicles G. Consists of secured credit cards & other short - term extensions of credit

18 LOANS & LEASES: REAL ESTATE BRIDGE LENDING COMMERCIAL REAL ESTATE BRIDGE LENDING % TOTAL WEIGHTED AVG INTEREST RATE ORIGINATION DATE LTV 1 BALANCE # LOANS TYPE 98% 8.5% 69% $ 2,209 179 Multifamily (apartments) <1% 9.8% 66% 19 1 Hospitality (hotels and lodging) <1% 8.2% 72% 12 2 Retail <1% 5.0% 71% 9 2 Other 100% 8.5% 70% $ 2,249 184 Total COMMERCIAL REAL ESTATE LOANS BY TYPE ($MILLIONS) 06/30/2025 BUSINESS OVERVIEW: • Resumed floating rate bridge lending business in Q3 2021 • Lending focus on workforce apartment buildings in carefully selected markets Real Estate Bridge Lending • Vast majority of loans are apartment buildings including all the top 30 exposures • Loans originated prior to Q3 2021 will continue to be accounted for at fair value • Loans originated in 2021 and after will be held for investment and use the Current Expected Credit Loss (CECL) methodology PORTFOLIO ATTRIBUTES 1 In addition to “as is” origination date appraisals, on which the weighted average origination date LTVs are based, third part y a ppraisers also estimated “as stabilized” values, which represents additional potential collateral value as rehabilitation progresses, and units are released at stabilized rental rates, may pr ovi de even greater protection.

19 LOANS & LEASES: INSTITUTIONAL BANKING INSTITUTIONAL BANKING BUSINESS OVERVIEW: • Automated loan application platform, Talea, provides industry - leading speed and delivery • Securities - backed lines of credit provide fast and flexible liquidity for investment portfolios • Insurance - backed lines of credit provide fast and flexible borrowing against the cash value of life insurance • Advisor Finance product provides capital to transitioning financial advisors to facilitate M&A, debt restructuring, and the development of succession plans • Deposit accounts for wealth management clients • Nominal historical credit losses STRATEGIC OUTLOOK: • Regain momentum across SBLOC, IBLOC and Advisor Finance products • Evaluate new lending opportunities in adjacent markets • Market dynamics support business model: − Advisors shifting from large broker/dealers to independent platforms − Sector shift to fee - based accounts − Emergence of new wealth management providers LENDING AND BANKING SERVICES FOR WEALTH MANAGERS The Bancorp’s business model allows us to build banking solutions to “spec” without competing directly with our partner firms. We do not have any associated asset managers, proprietary advisory programs, or related programs. Our singular focus is to help our partner firms stay competitive in the marketplace and to grow and retain assets ALWAYS A PARTNER, NEVER A COMPETITOR ® $ 1.9 B Q2 2025 PORTFOLIO SIZE 6.2 % 06/30/2025 EST. YIELD

20 LOANS & LEASES: INSTITUTIONAL BANKING LOAN PORTFOLIO PRIMARILY COMPRISED OF SECURITIES & CASH VALUE LIFE INSURANCE LENDING % OF PORTFOLIO PRINCIPAL BALANCE LOAN TYPE 58% $ 1,087 Securities - backed lines of credit (SBLOC) 27% 514 Insurance - backed lines of credit (IBLOC) 15% 272 Advisor Financing 100% $ 1,873 Total INSTITUTIONAL BANKING LOANS ($MILLIONS) 06/30/2025 % PRINCIPAL TO COLLATERAL PRINCIPAL BALANCE 34% $ 10 17% 9 84% 8 12% 8 47% 8 19% 8 31% 7 20% 7 4% 6 38% 6 31% $ 77 Total TOP 10 SBLOC LOANS ($MILLIONS) 06/30/2025 SECURITIES - BACKED LINES OF CREDIT • Nominal historical credit losses • Underwriting standards of generally 50% to equities and 80% or more to fixed income securities INSURANCE - BACKED LINES OF CREDIT • Nominal historical credit losses • Loans backed by the cash value of insurance policies PORTFOLIO ATTRIBUTES

21 LOANS & LEASES: SMALL BUSINESS LENDING SMALL BUSINESS LENDING $ 1,034 M Q2 2025 PORTFOLIO SIZE 7.3 % 06/30/2025 EST. YIELD BUSINESS OVERVIEW: • Established a distinct platform within the fragmented SBA market − National portfolio approach allows pricing and client flexibility − Solid credit performance demonstrated over time − Client segment strategy tailored by market STRATEGIC OUTLOOK: • Continue delivering growth within existing small business lending platform while entering new verticals and growing the SBAlliance® • SBAlliance® program provides lending support to banks and financial institutions who need SBA lending capabilities through products such as: − Wholesale loan purchases − Vertical focus with expansion of funeral home lending program SBA AND OTHER SMALL BUSINESS LENDING ~$ 700 K AVERAGE 7(a) LOAN SIZE

22 LOANS & LEASES: STRONG COLLATERAL & GOVERNMENT GUARANTEES SMALL BUSINESS LENDING SMALL BUSINESS LOANS BY TYPE 1 ($MILLIONS) 06/30/2025 SMALL BUSINESS LOANS BY STATE 1 ($MILLIONS) 06/30/2025 TOTAL SBL NON - REAL ESTATE SBL CONSTRUCTION SBL COMMERCIAL MORTGAGE STATE $ 153 $ 6 $ 6 $ 141 California 94 4 7 83 Florida 48 4 - 44 North Carolina 44 3 - 41 New York 39 6 4 29 Texas 38 7 - 31 New Jersey 32 13 - 19 Pennsylvania 30 2 3 25 Georgia 155 36 - 119 Other States $ 633 $ 81 $ 20 $ 532 Total TOTAL SBL NON - REAL ESTATE SBL CONSTRUCTION SBL COMMERCIAL MORTGAGE TYPE $ 88 $ - $ - $ 88 Hotels (except casino hotels) and motels 82 38 - 44 Funeral homes and funeral services 36 3 2 31 Full - service restaurants 28 3 - 25 Child day care services 22 - 11 11 Car washes 16 - - 16 Homes for the elderly 15 - - 15 Gasoline stations with convenience stores 15 - - 15 Outpatient mental health and substance abuse centers 13 - - 13 General line grocery merchant wholesalers 10 2 - 8 Fitness and recreational sports centers 10 1 - 9 Plumbing, heating, and air - conditioning companies 9 - - 9 Nursing care facilities 9 - - 9 Caterers 9 - - 9 Offices of lawyers 271 34 7 230 Other $ 633 $ 81 $ 20 $ 532 Total 1 Excludes the government guaranteed portion of SBA 7(a) loans and PPP loans. TYPE DISTRIBUTION • Diverse product mix • Commercial mortgage and construction are generally originated with 50% - 60% LTV’s GEOGRAPHIC DISTRIBUTION • Diverse geographic mix • Largest concentration in California representing 24% of total PORTFOLIO ATTRIBUTES

23 LOANS & LEASES: COMMERCIAL FLEET LEASING COMMERCIAL FLEET LEASING BUSINESS OVERVIEW: • Niche provider of vehicle leasing solutions − Focus on smaller fleets (less than 150 vehicles) − Direct lessor (The Bancorp Bank, N.A. sources opportunities directly and provides value - add services such as outfitting police cars) − Historical acquisitions of small leasing companies have contributed to growth • Mix of commercial (~80%), government agencies and educational institutions (~20%) STRATEGIC OUTLOOK: • Continue enhancing platform and growing balances − Enhanced sales process and support functions − Pursuing technology enhancements to scale business with efficiency • Constantly evaluating organic and inorganic growth opportunities in the vehicle space FLEET LEASING SOLUTIONS $ 698 M Q2 2025 PORTFOLIO SIZE 8.2 % 06/30/2025 EST. YIELD

24 TOTAL BALANCE STATE 17% $ 121 Florida 9% 59 New York 7% 51 Utah 7% 49 Connecticut 6% 45 California 6% 43 Pennsylvania 5% 38 North Carolina 5% 36 Maryland 5% 34 New Jersey 3% 22 Texas 2% 16 Idaho 2% 15 Georgia 2% 14 Washington 2% 13 Alabama 2% 13 Ohio 20% 129 Other states 100% $ 698 Total LOANS & LEASES: COMMERCIAL FLEET LEASING PORTFOLIO COMMERCIAL FLEET LEASING • Largest concentration is construction and government sectors • Of the $698M total portfolio, $644M are vehicle leases with the remaining $54M comprised of equipment leases PORTFOLIO ATTRIBUTES TOTAL BALANCE TYPE 18% $ 127 Construction 18% 127 Government agencies and public institutions 14% 98 Real estate and rental and leasing 13% 92 Waste management and remediation services 4% 29 Health care and social assistance 4% 25 Other services (except public administration) 3% 23 Professional, scientific, and technical services 3% 18 Wholesale trade 2% 16 General freight trucking 2% 12 Transit and other transportation 2% 12 Finance and insurance 2% 11 Arts, entertainment, and recreation 15% 108 Other and non - classified 100% $ 698 Total DIRECT LEASE FINANCING BY STATE ($MILLIONS) 06/30/2025 DIRECT LEASE FINANCING BY TYPE ($MILLIONS) 06/30/2025

FINANCIAL REVIEW

26 FINANCIAL REVIEW: EARNINGS AND PROFITABILITY REVENUE GROWTH HAS EXCEEDED EXPENSE GROWTH SINCE 2022 1 Revenue includes net interest income and non - interest income. Excludes consumer fintech loan credit enhancement income. Please s ee Appendix slide 31 for reconciliation. 2 Non - interest income as percentage of average assets ranks in top 5% of the uniform bank performance report peer group through Q1 2025. $0 $25 $50 $75 $100 $125 $150 $175 $200 $225 $250 2022 2023 2024 Q2 YTD 2024 Q2 YTD 2025 NON - INTEREST EXPENSE $ Millions $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 2022 2023 2024 Q2 YTD 2024 Q2 YTD 2025 REVENUE 1 $ Millions HIGHLIGHTS • Revenue increases reflected normalized interest rate environment and growth in fintech revenues • Greater ratio of non - interest income to total assets compared to peers 2

27 $0 $5 $10 $15 $20 $25 $30 $35 $40 $45 $50 $55 $60 2020 2021 2022 2023 2024 Q2 2025 FINANCIAL REVIEW: LOAN LOSS RESERVE ALLOWANCE FOR CREDIT LOSSES PRIMARILY REFLECTS OUR CHARGE - OFF HISTORY HIGHLIGHTS • Increase in allowance driven by Consumer Fintech is entirely offset by credit enhancement recognized in non - interest income • Nominal charge - offs for REBL, SBLOC, & IBLOC ALLOWANCE FOR CREDIT LOSSES ($ MILLIONS) 0.9% 0.7% 0.5% 0.4% 0.5% 0.6% Allowance for credit losses as % of loan balance Small Business HELOC/Consumer/Other SBLOC/IBLOC/Advisor Financing Leasing Real Estate Bridge Lending Consumer Fintech

28 FINANCIAL REVIEW: HISTORICAL CAPITAL POSITION CAPITAL POSITION HIGHLIGHTS • Completed $75M common stock repurchase through Q2 • Planned common stock repurchase 2 of $300M for remainder of 2025, subsequent to planned $200M senior notes issuance • Corporate governance requires periodic assessment of capital minimums • Capital planning includes stress testing for unexpected conditions and events 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 2022 2023 2024 Q2 2025 5.0% 10.3% 10.4% 12.4% 10.7% Tier 1 Leverage Ratio 8% 16% 15% 17% 15% Tier 1 Risk - based Capital Ratio (RBC) 1 10% 17% 16% 18% 15% Total Risk - based Capital Ratio Tier 1 RBC Ratio Total RBC Ratio Tier 1 Leverage Ratio THE BANCORP BANK, N.A. CAPITAL RATIOS Well - capitalized minimum 1 Common Equity Tier 1 to risk weighted assets is identical to Tier 1 risk - based ratio and has a 6.5% well capitalized minimum. 2 Common stock repurchase may be modified without notice at any time.

29 HISTORICAL PERFORMANCE AND LONG - TERM TARGETS FINANCIAL REVIEW: EARNINGS AND PROFITABILITY LONG - TERM TARGETS Q2 YTD 2025 2024 2023 2022 2021 PERFORMANCE METRICS >40% 28.6% 27.2% 25.6% 19.3% 17.9% ROE >4.0% 2.56% 2.71% 2.59% 1.81% 1.68% ROA $2.46 $4.29 $3.49 $2.27 $1.88 EPS >10% 10.3% 10.4% 12.4% 10.7% 10.9% The Bancorp Bank, N.A. Leverage Ratio <$10B $8.8B $8.7B $7.7B $7.9B $6.8B Total Assets 41% 40% 41% 48% 53% Efficiency Ratio 1 1 Please see Appendix slide 31 for calculation of efficiency ratio. Decreases in the efficiency ratio indicate greater efficien cy, i.e., lower expenses vs. higher revenue.

APPENDIX

31 REVENUE & EFFICIENCY RATIO CALCULATIONS APPENDIX ($ millions) Q2 YTD 2025 Q2 YTD 2024 2024 2023 2022 2021 The Bancorp $ 189,235 $ 188,213 $ 376,241 $ 354,052 $ 248,841 $ 210,876 Net interest income 167,385 60,104 157,514 112,094 105,683 104,749 Non - interest income 89,101 - 30,651 - - - Consumer fintech credit enhancement (subtract) 78,284 60,104 126,863 112,094 105,683 104,749 Adjusted non - interest income 1 267,519 248,317 503,104 466,146 354,524 315,625 Total revenue 1 $ 110,517 $ 98,158 $ 203,225 $ 191,042 $ 169,502 $ 168,350 Non - interest expense 41% 40% 40% 41% 48% 53% Efficiency Ratio 2 Payments non - interest income (Fintech Solutions business line) $ 10,694 $ 5,964 $ 14,596 $ 9,822 $ 8,935 $ 7,526 ACH, card, and other payment processing fees 51,827 49,041 97,413 89,417 77,236 74,654 Prepaid, debit card, and related fees 7,570 140 4,789 - - - Consumer credit fintech fees $ 70,091 $ 55,145 $ 116,798 $ 99,239 $ 86,171 $ 82,180 Total payments (Fintech Solutions) non - interest income 1 26% 22% % of Total revenue 1 Excludes consumer fintech loan credit enhancement income of $89.1 million and $30.7 million at June 30, 2025 and December 31, 20 24, respectively. 2 The efficiency ratio is calculated by dividing GAAP total non - interest expense by the total of GAAP net interest income and adju sted non - interest income. 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.