Exhibit 99.1

The Bancorp, Inc. Reports Third Quarter 2021 Financial Results

Wilmington, DE – October 28, 2021 – The Bancorp, Inc. ("The Bancorp") (NASDAQ: TBBK), a financial holding company, today reported financial results for the third quarter of 2021.

Highlights

For the quarter ended September 30, 2021, The Bancorp earned net income of $28.3 million, or $0.48 diluted earnings per share.

Return on assets and equity for the quarter ended September 30, 2021 amounted to 1.8% and 18%, respectively, compared to 1.5% and 17%, respectively, for the quarter ended September 30, 2020 (all percentages “annualized.”)

Net interest margin amounted to 3.35% for the quarter ended September 30, 2021, compared to 3.37% for the quarter ended September 30, 2020 and 3.19% for the quarter ended June 30, 2021.

Net interest income was $50.9 million for the quarter ended September 30, 2021 compared to $50.0 million for the quarter ended September 30, 2020. In third quarter 2021, growth in net interest income was significantly offset by the $1.9 million impact of loan prepayments on commercial real estate loan interest. However, net realized and unrealized gains on commercial loans increased $3.6 million in third quarter 2021 compared to third quarter 2020, which resulted primarily from fees related to those prepayments. In the third quarter of 2021, we recommenced the origination of such loans, identified as real estate bridge loans, which are intended to offset the impact of prepayments and payoffs.

Average loans and leases, including loans at fair value, increased 9% to $4.58 billion for the quarter ended September 30, 2021, compared to $4.21 billion for the quarter ended September 30, 2020.

Gross dollar volume (“GDV”), representing the total amounts spent on prepaid and debit cards, increased $428.7 million, or 2%, to $24.4 billion for the quarter ended September 30, 2021 compared to the quarter ended September 30, 2020. GDV for the 2020 quarter included the impact of significant government stimulus resulting from the Covid-19 pandemic.

SBLOC (securities backed lines of credit), IBLOC (insurance backed lines of credit) and investment advisor financing loans collectively increased 32% year over year and 6% quarter over quarter to $1.92 billion at September 30, 2021.

Small Business Loans, including those held at fair value, grew 12% year over year to $709.5 million at September 30, 2021. That growth and $709.5 million balance are exclusive of Paycheck Protection Program (“PPP”) loan balances of $71.3 million and $207.9 million, respectively, at September 30, 2021 and September 30, 2020.

Direct lease financing balances increased 19% year over year to $514.1 million at September 30, 2021.

The average interest rate on $5.66 billion of average deposits and interest-bearing liabilities during the third quarter of 2021 was 0.18%. Average deposits of $5.53 billion for the third quarter 2021, reflected a decrease of 1% from the $5.56 billion of average deposits for the quarter ended September 30, 2020.

As of September 30, 2021, substantially all of the borrowers with Covid-19 related payment deferrals had recommenced making payments, with only approximately $1.3 million of non-U.S. guaranteed loan principal remaining in deferral.

Consolidated and The Bancorp Bank (“the Bank”) leverage ratios were 9.82% and 10.24%, respectively, at September 30, 2021. The Bancorp and its subsidiary, The Bank, remain well capitalized.

Book value per common share at September 30, 2021 was $11.13 per share compared to $9.71 per share at September 30, 2020, an increase of 15%, primarily as a result of retained earnings.

The Bancorp repurchased 440,887 shares of its common stock at an average cost of $22.68 per share during the quarter ended September 30, 2021.

“We continue to experience business momentum across our platform and strong pipelines that will support continued growth into 2022”, said CEO and President Damian Kozlowski. “We are issuing preliminary guidance of $2.15 a share for 2022 or approximately 21% growth over the current 2021 guidance of $1.78. The $2.15 does not include the impact of planned buybacks. In addition, in 2022, we intend to increase our stock buyback to $15 million a quarter from $10 million a quarter.”

The Bancorp reported net income of $28.3 million, or $0.48 per diluted share, for the quarter ended September 30, 2021, compared to net income of $23.3 million, or $0.40 per diluted share, for the quarter ended September 30, 2020. Tier one capital to assets (leverage), tier one capital to risk-weighted assets, total capital to risk-weighted assets and common equity-tier 1 to risk-weighted assets ratios were 9.82%, 15.69%, 16.10% and 15.69%, respectively, compared to well-capitalized minimums of 5%, 8%, 10% and 6.5%, respectively.

Conference Call Webcast

You may access the LIVE webcast of The Bancorp's Quarterly Earnings Conference Call at 8:00 AM ET Friday, October 29, 2021 by clicking on the webcast link on The Bancorp's homepage at www.thebancorp.com. Or, you may dial 844.775.2543, access code 9257937. You may listen to the replay of the webcast following the live call on The Bancorp's investor relations website or telephonically until Friday, November 5, 2021 by dialing 855.859.2056, access code 9257937.

The Bancorp, Inc. (NASDAQ: TBBK), headquartered in Wilmington, Delaware, through its subsidiary, The Bancorp Bank, provides 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/.

Forward-Looking Statements

Statements in this earnings release regarding The Bancorp’s business which 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 “may,” “believe,” “will,” “expect,” “look,” “anticipate,” “plan,” “estimate,” “continue,” or similar words , and are based on current expectations about important economic, political, and technological factors, among others, 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. For further discussion of the risks and uncertainties to which these forward-looking statements may be subject, see 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 those filings. The forward-looking statements speak only as of the date of this press release. The Bancorp does not undertake 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

[email protected]

Source: The Bancorp, Inc.

The Bancorp, Inc.

Financial highlights

(unaudited)

	Three months ended					Nine months ended
	September 30,					September 30,
Condensed income statement	2021		2020			2021		2020
	(in thousands, except per share data)

Net interest income	$	50,893	$	49,996		$	158,719	$	143,153
Provision for credit losses		1,613		1,297			1,484		5,798
Non-interest income
ACH, card and other payment processing fees		1,905		1,760			5,605		5,313
Prepaid, debit card and related fees		18,223		19,434			56,878		56,647
Net realized and unrealized gains (losses) on commercial loans, at fair value		4,306		684			8,881		(5,412	)
Change in value of investment in unconsolidated entity		—		—			—		(45	)
Leasing related income		1,968		1,519			4,700		2,795
Other non-interest income		186		955			459		2,019
Total non-interest income		26,588		24,352			76,523		61,317
Non-interest expense
Salaries and employee benefits		25,094		26,417			77,839		74,650
Data processing expense		1,209		1,192			3,481		3,538
Legal expense		1,251		994			5,349		4,136
FDIC insurance		266		2,180			5,235		7,687
Software		4,045		3,595			11,435		10,458
Other non-interest expense		7,519		7,648			21,811		22,595
Total non-interest expense		39,384		42,026			125,150		123,064
Income from continuing operations before income taxes		36,484		31,025			108,608		75,608
Income tax expense		8,289		7,894			25,195		19,033
Net income from continuing operations		28,195		23,131			83,413		56,575
Discontinued operations
Income (loss) from discontinued operations before income taxes		87		(1,671	)		324		(2,720	)
Income tax expense (benefit)		21		(1,794	)		76		(2,058	)
Net income (loss) from discontinued operations, net of tax		66		123			248		(662	)
Net income	$	28,261	$	23,254		$	83,661	$	55,913

Net income per share from continuing operations - basic	$	0.49	$	0.40		$	1.45	$	0.98
Net income (loss) per share from discontinued operations - basic	$	—	$	—		$	0.01	$	(0.01	)
Net income per share - basic	$	0.49	$	0.40		$	1.46	$	0.97

Net income per share from continuing operations - diluted	$	0.48	$	0.40		$	1.41	$	0.97
Net income (loss) per share from discontinued operations - diluted	$	—	$	—		$	0.01	$	(0.01	)
Net income per share - diluted	$	0.48	$	0.40		$	1.42	$	0.96
Weighted average shares - basic		57,198,778		57,588,168			57,221,174		57,433,477
Weighted average shares - diluted		58,628,306		58,471,192			58,932,146		58,051,833

Note: Compared to higher rates in recent periods, the effective tax rate for the three and nine months ended September 30, 2021 approximated 23% as a result of the impact of excess tax deductions related to stock-based compensation, recorded as discrete items. The large deductions and tax benefits resulted from the increase in the Company’s stock price as compared to the original grant date.

Balance sheet	September 30,			June 30,			December 31,			September 30,
	2021 (unaudited)			2021 (unaudited)			2020			2020 (unaudited)
	(in thousands, except share data)
Assets:
Cash and cash equivalents
Cash and due from banks	$	6,687		$	5,470		$	5,984		$	6,220
Interest earning deposits at Federal Reserve Bank		310,642			583,498			339,531			294,758
Total cash and cash equivalents		317,329			588,968			345,515			300,978

Investment securities, available-for-sale, at fair value		1,054,223			1,106,075			1,206,164			1,264,903
Commercial loans, at fair value		1,550,025			1,690,216			1,810,812			1,849,947
Loans, net of deferred fees and costs		3,136,662			2,915,344			2,652,323			2,488,760
Allowance for credit losses		(16,159	)		(15,292	)		(16,082	)		(15,727	)
Loans, net		3,120,503			2,900,052			2,636,241			2,473,033
Federal Home Loan Bank and Atlantic Central Bankers Bank stock		1,663			1,667			1,368			1,368
Premises and equipment, net		16,602			17,392			17,608			15,849
Accrued interest receivable		17,180			18,668			20,458			18,852
Intangible assets, net		2,547			2,646			2,845			2,563
Other real estate owned		2,145			—			—			—
Deferred tax asset, net		12,237			10,923			9,757			7,952
Investment in unconsolidated entity, at fair value		—			24,988			31,294			31,783
Assets held-for-sale from discontinued operations		87,904			97,496			113,650			122,253
Other assets		86,105			91,516			81,129			79,821
Total assets	$	6,268,463		$	6,550,607		$	6,276,841		$	6,169,302

Liabilities:
Deposits
Demand and interest checking	$	4,734,352		$	5,225,024		$	5,205,010		$	4,882,834
Savings and money market		378,160			459,688			257,050			505,928
Total deposits		5,112,512			5,684,712			5,462,060			5,388,762

Securities sold under agreements to repurchase		42			42			42			42
Short-term borrowings		300,000			—			—			—
Senior debt		98,590			98,498			98,314			98,222
Subordinated debenture		13,401			13,401			13,401			13,401
Other long-term borrowings		39,715			39,901			40,277			40,462
Other liabilities		66,226			94,944			81,583			69,954
Total liabilities	$	5,630,486		$	5,931,498		$	5,695,677		$	5,610,843

Shareholders' equity:
Common stock - authorized, 75,000,000 shares of $1.00 par value; 57,330,846 and 57,490,874 shares issued and outstanding at September 30, 2021 and 2020, respectively		57,331			57,458			57,551			57,491
Additional paid-in capital		357,528			363,241			377,452			375,985
Retained earnings		212,114			183,853			128,453			104,282
Accumulated other comprehensive income		11,004			14,557			17,708			20,701
Total shareholders' equity		637,977			619,109			581,164			558,459

Total liabilities and shareholders' equity	$	6,268,463		$	6,550,607		$	6,276,841		$	6,169,302

Note: Previous balance sheets included investment in unconsolidated entity, which reflected Bancorp’s balance of the Walnut Street investment. Walnut Street was comprised of Bancorp loans sold to that entity, which was partially financed by an independent investor. In the third quarter of 2021, The Bancorp and that investor dissolved the entity, as the remaining balance did not warrant ongoing administrative and accounting expenses. As a result of the dissolution, the investment in unconsolidated entity, which had a June 30, 2021 balance of $25.0 million, was reclassified as follows. Approximately $22.9 million of loans were reclassified to commercial loans, at fair value and $2.1 million was reclassified to other real estate owned, as those assets continue to be reported at fair value.

Average balance sheet and net interest income	Three months ended September 30, 2021								Three months ended September 30, 2020
	(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**	$	4,573,431		$	46,357		4.05	%	$	4,202,054		$	44,318		4.22	%
Leases-bank qualified*		5,031			87		6.92	%		8,026			146		7.28	%
Investment securities-taxable		1,012,007			6,882		2.72	%		1,300,191			7,911		2.43	%
Investment securities-nontaxable*		3,558			32		3.60	%		4,041			35		3.46	%
Interest earning deposits at Federal Reserve Bank		479,350			167		0.14	%		413,259			106		0.10	%
Net interest earning assets		6,073,377			53,525		3.53	%		5,927,571			52,516		3.54	%

Allowance for credit losses		(16,277	)							(14,587	)
Assets held-for-sale from discontinued operations		90,598			754		3.33	%		124,916			890		2.85	%
Other assets		214,715								195,125
	$	6,362,413							$	6,233,025

Liabilities and Shareholders' Equity:
Deposits:
Demand and interest checking	$	5,124,189		$	1,063		0.08	%	$	5,079,711		$	1,591		0.13	%
Savings and money market		404,775			146		0.14	%		484,323			139		0.11	%
Total deposits		5,528,964			1,209		0.09	%		5,564,034			1,730		0.12	%

Short-term borrowings		13,097			7		0.21	%		3,260			1		0.12	%
Repurchase agreements		41			—		—			41			—		—
Subordinated debentures		13,401			112		3.34	%		13,401			118		3.52	%
Senior debt		100,329			1,279		5.10	%		53,260			633		4.75	%
Total deposits and liabilities		5,655,832			2,607		0.18	%		5,633,996			2,482		0.18	%

Other liabilities		78,038								53,260
Total liabilities		5,733,870								5,687,256

Shareholders' equity		628,543								545,769
	$	6,362,413							$	6,233,025
Net interest income on tax equivalent basis*				$	51,672							$	50,924

Tax equivalent adjustment					25								38

Net interest income				$	51,647							$	50,886
Net interest margin *							3.35	%							3.37	%

* Full taxable equivalent basis, using a statutory Federal tax rate of 21% for 2021 and 2020.

** Includes commercial loans, at fair value. All periods include non-accrual loans.

NOTE: In the table above, interest on loans for 2021 includes $1.2 million of interest and fees on PPP loans. In 2020 the table above includes comparable PPP interest and fees of $2.1 million.

Average balance sheet and net interest income	Nine months ended September 30, 2021								Nine months ended September 30, 2020
	(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**	$	4,541,262		$	143,546		4.21	%	$	3,798,104		$	124,924		4.39	%
Leases-bank qualified*		5,925			301		6.77	%		9,401			509		7.22	%
Investment securities-taxable		1,094,633			22,891		2.79	%		1,343,211			28,594		2.84	%
Investment securities-nontaxable*		3,824			99		3.45	%		4,537			110		3.23	%
Interest earning deposits at Federal Reserve Bank		781,606			650		0.11	%		444,323			1,836		0.55	%
Net interest earning assets		6,427,250			167,487		3.47	%		5,599,576			155,973		3.71	%

Allowance for credit losses		(16,254	)							(13,225	)
Assets held for sale from discontinued operations		99,472			2,388		3.20	%		130,880			3,259		3.32	%
Other assets		225,802								243,629
	$	6,736,270							$	5,960,860

Liabilities and Shareholders' Equity:
Deposits:
Demand and interest checking	$	5,452,604		$	4,007		0.10	%	$	4,858,666		$	9,676		0.27	%
Savings and money market		446,016			487		0.15	%		298,049			309		0.14	%
Time deposits		—			—		—			106,113			1,483		1.86	%
Total deposits		5,898,620			4,494		0.10	%		5,262,828			11,468		0.29	%

Short-term borrowings		8,717			15		0.23	%		25,419			181		0.95	%
Repurchase agreements		41			—		—			51			—		—
Subordinated debentures		13,401			337		3.35	%		13,401			408		4.06	%
Senior debt		100,237			3,838		5.11	%		17,883			633		4.72	%
Total deposits and liabilities		6,021,016			8,684		0.19	%		5,319,582			12,690		0.32	%

Other liabilities		105,683								119,961
Total liabilities		6,126,699								5,439,543

Shareholders' equity		609,571								521,317
	$	6,736,270							$	5,960,860
Net interest income on tax equivalent basis*				$	161,191							$	146,542

Tax equivalent adjustment					84								130

Net interest income				$	161,107							$	146,412
Net interest margin *							3.29	%							3.41	%

* Full taxable equivalent basis, using a statutory Federal tax rate of 21% for 2021 and 2020.

** Includes commercial loans, at fair value. All periods include non-accrual loans.

NOTE: In the table above, the 2021 interest on loans reflects $4.6 million of interest and fees which were earned on a short-term line of credit to another institution to initially fund PPP loans, which did not significantly increase average loans or assets and which are not expected to recur. Interest on loans in 2021 also includes $4.9 million of interest and fees on PPP loans. In 2020 the table above includes comparable PPP interest and fees of $3.7 million. Increases in interest earning deposits at the Federal Reserve Bank reflect increased deposits resulting from stimulus payments distributed to a large segment of the population, resulting from December 2020 federal legislation.

Allowance for credit losses	Nine months ended						Year ended
	September 30,			September 30,			December 31,
	2021 (unaudited)			2020 (unaudited)			2020
	(dollars in thousands)

Balance in the allowance for credit losses at beginning of period (1)	$	16,082		$	12,875		$	12,875

Loans charged-off:
SBA non-real estate		896			1,350			1,350
SBA commercial mortgage		23			—			—
Direct lease financing		248			2,178			2,243
SBLOC		15			—			—
Consumer - home equity		10			—			—
Total		1,192			3,528			3,593

Recoveries:
SBA non-real estate		18			82			103
SBA commercial mortgage		9			—			—
Direct lease financing		50			502			570
Total		77			584			673
Net charge-offs		1,115			2,944			2,920
Provision credited to allowance, excluding commitment provision		1,192			5,796			6,127

Balance in allowance for credit losses at end of period	$	16,159		$	15,727		$	16,082
Net charge-offs/average loans		0.04	%		0.08	%		0.07	%
Net charge-offs/average assets		0.02	%		0.05	%		0.05	%

(1) Excludes activity from assets held-for-sale from discontinued operations.

Loan portfolio	September 30,		June 30,		December 31,		September 30,
	2021		2021		2020		2020
	(in thousands)

SBL non-real estate	$	171,845	$	228,958	$	255,318	$	293,488
SBL commercial mortgage		367,272		343,487		300,817		270,264
SBL construction		23,117		18,494		20,273		27,169
Small business loans *		562,234		590,939		576,408		590,921
Direct lease financing		514,068		506,424		462,182		430,675
SBLOC / IBLOC**		1,834,523		1,729,628		1,550,086		1,428,253
Advisor financing ***		81,143		72,190		48,282		26,600
Real estate bridge lending		128,699		—		—		—
Other loans ****		4,917		5,840		6,426		6,003
		3,125,584		2,905,021		2,643,384		2,482,452
Unamortized loan fees and costs		11,078		10,323		8,939		6,308
Total loans, net of unamortized fees and costs	$	3,136,662	$	2,915,344	$	2,652,323	$	2,488,760

Small business portfolio	September 30,		June 30,		December 31,		September 30,
	2021		2021		2020		2020
	(in thousands)

SBL, including unamortized fees and costs	$	566,472	$	593,401	$	577,944	$	590,314
SBL, included in commercial loans, at fair value		214,301		225,534		243,562		250,958
Total small business loans	$	780,773	$	818,935	$	821,506	$	841,272

* The preceding table shows small business loans and small business loans held at fair value. The small business loans held at fair value are comprised of the government guaranteed portion of SBA 7a loans at the dates indicated. A reduction in SBL non-real estate loans from $229.0 million at June 30, 2021 to $171.8 million at September 30, 2021 resulted from U.S. government repayments of $58.2 million of PPP loans authorized by The Consolidated Appropriations Act, 2021. PPP loans totaled $71.3 million at September 30, 2021 and $165.7 million at December 31, 2020, respectively.

** Securities Backed Lines of Credit, or SBLOC, are collateralized by marketable securities, while Insurance Backed Lines of Credit, or IBLOC, are collateralized by the cash surrender value of insurance policies.

*** In 2020, we began originating loans to investment advisors for purposes of debt refinance, acquisition of another firm or internal succession. Maximum loan amounts are subject to loan-to-value ratios of 70%, based on third-party business appraisals, but may be increased depending upon the debt service coverage ratio. Personal guarantees and blanket business liens are obtained as appropriate.

**** Included in the table above under Other loans are demand deposit overdrafts reclassified as loan balances totaling $272,000 and $663,000 at September 30, 2021 and December 31, 2020, respectively. Estimated overdraft charge-offs and recoveries are reflected in the allowance for credit losses and have been immaterial.

Small business loans as of September 30, 2021

	Loan principal
	(in millions)
U.S. government guaranteed portion of SBA loans (a)	$	370
Paycheck Protection Program loans (PPP) (a)		71
Commercial mortgage SBA (b)		195
Construction SBA (c)		13
Non-guaranteed portion of U.S. government guaranteed 7a loans (d)		104
Non-SBA small business loans (e)		18
Total principal	$	771
Unamortized fees and costs		10
Total small business loans	$	781

(a) This is the portion of SBA 7a loans (7a) and PPP loans which have been guaranteed by the U.S. government, and therefore are assumed to have no credit risk.

(b) Substantially all these loans are made under the SBA 504 Fixed Asset Financing program (504) which dictates origination date loan-to-value percentages (“LTV”), generally 50-60%, to which the Bank adheres.

(c) Of the $13 million in Construction SBA loans, $11 million are 504 first mortgages with an origination date LTV of 50-60% and $2 million are SBA interim loans with an approved SBA post-construction full takeout/payoff.

(d) The $104 million represents the non-guaranteed portion of 7a loans which are 70% or more guaranteed by the U.S. government. 7a 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 7a and 504 loans require the personal guaranty of all 20% or greater owners.

(e) The $18 million of non-SBA loans is comprised of approximately 20 conventional coffee/doughnut/carryout franchisee note purchases. The majority of purchased notes were made to multi-unit operators, are considered seasoned and have performed as agreed.

Small business loans by type as of September 30, 2021

(Excludes government guaranteed portion of SBA 7a loans and PPP loans)

	SBL commercial mortgage*		SBL construction*		SBL non-real estate		Total		% Total
	(in millions)
Hotels and motels	$	67	$	4	$	—	$	71		21	%
Full-service restaurants		16		1		3		20		6	%
Baked goods stores		4		—		11		15		5	%
Child day care services		14		—		1		15		5	%
Car washes		10		2		—		12		4	%
Lessors of nonresidential buildings (except miniwarehouses)		10		—		—		10		3	%
Assisted living facilities for the elderly		10		—		—		10		3	%
Offices of lawyers		9		—		—		9		3	%
Funeral homes and funeral services		9		—		—		9		3	%
General warehousing and storage		7		—		—		7		2	%
Limited-service restaurants		2		1		3		6		2	%
Fitness and recreational sports centers		—		4		2		6		2	%
Amusement and recreation industries		5		—		1		6		2	%
Outpatient mental health and substance abuse centers		5		—		—		5		1	%
Spectator sports		5		—		—		5		1	%
Perishable prepared food manufacturing		5		—		—		5		1	%
Gasoline stations with convenience stores		5		—		—		5		1	%
Offices of dentists		3		—		—		3		1	%
Warehousing and storage		3		—		—		3		1	%
New car dealers		3		—		—		3		1	%
Miscellaneous wood product manufacturing		3		—		—		3		1	%
Plumbing, heating, and air-conditioning contractors		3		—		—		3		1	%
Offices of physicians (except mental health specialists)		3		—		—		3		1	%
Technical and trade schools		—		3		—		3		1	%
General purpose machinery manufacturing		2		—		—		2		1	%
Pet care (except veterinary) services		2		—		—		2		1	%
Landscaping services		1		—		2		3		1	%
Sewing, needlework, and piece goods stores		2		—		—		2		1	%
Automotive body, paint, and interior repair and maintenance		2		—		—		2		1	%
Vocational rehabilitation services		2		—		2		4		1	%
Amusement arcades		2		—		—		2		1	%
Lessors of real estate property		2		—		—		2		1	%
Other**		49		1		25		75		20	%
Total	$	265	$	16	$	50	$	331		100	%

* Of the SBL commercial mortgage and SBL construction loans, $62 million represents the total of the non-guaranteed portion of SBA 7a loans and non-SBA loans. The balance of those categories represents SBA 504 loans with 50%-60% origination date loan-to-values.

**Loan types less than $2 million are spread over a hundred different classifications such as Commercial Printing, Pet and Pet Supplies Stores, Securities Brokerage, etc.

State diversification as of September 30, 2021

(Excludes government guaranteed portion of SBA 7a loans and PPP loans)

	SBL commercial mortgage*		SBL construction*		SBL non-real estate		Total		% Total
	(in millions)
Florida	$	56	$	—	$	8	$	64		19	%
California		42		1		4		47		14	%
North Carolina		23		2		3		28		9	%
Pennsylvania		23		4		3		30		8	%
Illinois		22		—		3		25		8	%
New York		14		4		3		21		6	%
New Jersey		12		—		6		18		6	%
Texas		12		—		4		16		5	%
Virginia		9		—		2		11		3	%
Tennessee		10		—		—		10		3	%
Colorado		3		5		2		10		3	%
Georgia		7		—		2		9		3	%
Michigan		4		—		1		5		2	%
Washington		3		—		—		3		1	%
Ohio		3		—		—		3		1	%
Other states		22		—		9		31		9	%
Total	$	265	$	16	$	50	$	331		100	%

Top 10 loans as of September 30, 2021

Type*	State	SBL commercial mortgage*
	(in millions)
Hotel	FL	$	9
Lawyer's office	CA		9
Warehouse	PA		7
Hotel	NC		6
Assisted living facility	FL		5
Mental health and substance abuse centers	FL		5
Hotel	NC		5
Prepared food manufacturing	NJ		4
Hotel	PA		4
Hotel	TN		4
Total		$	58

* All the top 10 loans are 504 SBA loans with 50%-60% origination date loan-to-value and are in the commercial mortgage category. The top 10 loan table above does not include loans to the extent that they are U.S. government guaranteed.

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

Type as of September 30, 2021

Type	# Loans		Balance			Weighted average origination date LTV			Weighted average interest rate
	(dollars in millions)
Real estate bridge lending (multi-family apartments)*		15	$	129			75	%		4.22	%

Commercial real estate loans, at fair value:
Multi-family (apartments)*		115	$	1,193			76	%		4.75	%
Hospitality (hotels and lodging)		9		66			65	%		5.69	%
Retail		6		61			71	%		4.33	%
Other		8		21			73	%		5.16	%
		138		1,341			75	%		4.78	%
Fair value adjustment				(6	)
Total commercial real estate loans, at fair value				1,335
Total commercial real estate loans			$	1,464			75	%		4.75	%

*In the third quarter of 2021, we recommenced the origination of multi-family apartment loans. These are similar to the multi-family apartment loans carried at fair value, but at origination are intended to be held on the balance sheet, so are not accounted for at fair value.

State diversification as of September 30, 2021				15 largest loans (all multi-family) as of September 30, 2021

State		Balance	Origination date LTV	State		Balance	Origination date LTV
(in millions)				(in millions)
Texas	$	459	77%	North Carolina	$	44	78%
Georgia		193	76%	Texas		39	79%
Arizona		79	75%	Texas		36	80%
North Carolina		79	77%	Missouri		30	72%
Ohio		58	69%	Texas		30	75%
Alabama		57	76%	Nevada		29	80%
Virginia		57	73%	Texas		27	77%
Other states each <$55 million		482	73%	Arizona		27	79%
Total	$	1,464	75%	Mississippi		27	79%
				North Carolina		25	77%
				Texas		25	77%
				Texas		24	77%
				Alabama		23	77%
				Texas		21	79%
				Georgia		20	79%
				15 Largest loans	$	427	78%

Institutional banking loans outstanding at September 30, 2021

Type	Principal		% of total
		(in millions)
Securities backed lines of credit (SBLOC)	$	1,148		60	%
Insurance backed lines of credit (IBLOC)		687		36	%
Advisor financing		81		4	%
Total	$	1,916		100	%

For SBLOC, we generally lend up to 50% of the value of equities and 80% for investment grade securities. While equities have fallen in excess of 30% in recent years, the reduction in collateral value of brokerage accounts collateralizing SBLOCs 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. Secondly, 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 September 30, 2021

	Principal amount		% Principal to collateral
	(in millions)
	$	19	65%
		17	37%
		14	27%
		12	29%
		9	33%
		9	36%
		9	53%
		8	71%
		8	23%
		8	46%
Total and weighted average	$	113	43%

Insurance backed lines of credit (IBLOC)

IBLOC loans are backed by the cash value of life insurance policies which have been assigned to us. We lend up to 100% of such cash value. Our underwriting standards require approval of the insurance companies which carry the policies backing these loans. Currently, seven insurance companies have been approved and, as of August 14, 2021, all were rated Superior (A+ or better) by AM BEST.

Direct lease financing* by type as of September 30, 2021

	Principal balance		% Total
	(in millions)
Construction	$	95	18%
Government agencies and public institutions**		77	15%
Waste management and remediation services		64	12%
Real estate and rental and leasing		56	11%
Retail trade		47	9%
Wholesale purchase		34	7%
Transportation and warehousing		29	6%
Health care and social assistance		26	5%
Professional, scientific, and technical services		19	4%
Manufacturing		16	3%
Wholesale trade		14	3%
Educational services		8	2%
Other		29	5%
Total	$	514	100%

* Of the total $514 million of direct lease financing, $464 million consisted of vehicle leases with the remaining balance consisting of equipment leases.

** Includes public universities and school districts.

Direct lease financing by state as of September 30, 2021

State	Principal balance		% Total
	(in millions)
Florida	$	93	18%
California		48	9%
New Jersey		39	8%
Utah		35	7%
New York		33	6%
Pennsylvania		32	6%
Maryland		25	5%
North Carolina		25	5%
Texas		19	4%
Connecticut		16	3%
Washington		15	3%
Georgia		12	2%
Idaho		11	2%
Tennessee		10	2%
Alabama		9	2%
Other states		92	18%
Total	$	514	100%

Capital ratios	Tier 1 capital to average assets ratio			Tier 1 capital to risk-weighted assets ratio			Total capital to risk-weighted assets ratio			Common equity tier 1 to risk weighted assets
As of September 30, 2021
The Bancorp, Inc.		9.82	%		15.69	%		16.10	%		15.69	%
The Bancorp Bank		10.24	%		16.29	%		16.69	%		16.29	%
"Well capitalized" institution (under FDIC regulations-Basel III)		5.00	%		8.00	%		10.00	%		6.50	%

As of December 31, 2020
The Bancorp, Inc.		9.20	%		14.43	%		14.84	%		14.43	%
The Bancorp Bank		9.11	%		14.27	%		14.68	%		14.27	%
"Well capitalized" institution (under FDIC regulations-Basel III)		5.00	%		8.00	%		10.00	%		6.50	%

	Three months ended						Nine months ended
	September 30,						September 30,
	2021			2020			2021			2020
Selected operating ratios
Return on average assets ⁽¹⁾		1.76	%		1.48	%		1.66	%		1.25	%
Return on average equity ⁽¹⁾		17.84	%		16.90	%		18.35	%		14.29	%
Net interest margin		3.35	%		3.37	%		3.29	%		3.41	%

⁽¹⁾Annualized

Book value per share table	September 30,		June 30,		December 31,		September 30,
	2021		2021		2020		2020
Book value per share	$	11.13	$	10.77	$	10.10	$	9.71

Loan quality table	September 30,			June 30,			December 31,			September 30,
	2021			2021			2020			2020
	(dollars in thousands)
Nonperforming loans to total loans		0.24	%		0.31	%		0.48	%		0.49	%
Nonperforming assets to total assets		0.16	%		0.14	%		0.20	%		0.20	%
Allowance for credit losses to total loans		0.52	%		0.52	%		0.61	%		0.63	%

Nonaccrual loans	$	6,106		$	7,346		$	12,227		$	12,275
Loans 90 days past due still accruing interest		1,569			1,550			497			24
Other real estate owned		2,145			—			—			—
Total nonperforming assets	$	9,820		$	8,896		$	12,724		$	12,299

Gross dollar volume (GDV) ⁽¹⁾	Three months ended
	September 30,		June 30,		December 31,		September 30,
	2021		2021		2020		2020
	(in thousands)

Prepaid and debit card GDV	$	24,392,188	$	27,106,763	$	22,523,855	$	23,963,508

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

Business line quarterly summary
Quarter ended September 30, 2021
(dollars in millions)

		Balances
			% Growth
Major business lines	Average approximate rates *	Balances **	Year over year	Linked quarter annualized
Loans
Institutional banking ***	2.6%	$ 1,916	32%	25%
Small business lending****	5.0%	781	12%	12%
Leasing	5.9%	514	19%	6%
Commercial real estate (non-SBA at fair value)	4.7%	1,335	nm	nm
Real estate bridge lending	4.2%	129	nm	nm
Weighted average yield	4.0%	$ 4,675			Non-interest income
						% Growth
Deposits: Fintech solutions group					Current quarter	Year over year
Prepaid and debit card issuance, and other payments	0.1%	$ 5,146	6%	nm	$ 20.1	(5%)

* Average rates are for the quarter ended September 30, 2021.

** Loan and deposit categories are respectively based on period-end and average quarterly balances.

*** Institutional Banking loans are comprised of security backed lines of credit (SBLOC), collateralized by marketable securities, insurance backed lines of credit (IBLOC), collateralized by the cash surrender value of insurance policies, and investment advisor financing.

**** Small Business Lending is substantially comprised of SBA loans. Loan growth percentages exclude short-term PPP loans.

Dissolution of Walnut Street

Previous press releases included tables related to the Walnut Street investment, shown as investment in unconsolidated entity on the balance sheet. Walnut Street was comprised of Bancorp loans sold to that entity, which was partially financed by an independent investor. In the third quarter of 2021, The Bancorp and that investor dissolved the entity, as the remaining balance did not warrant ongoing administrative and accounting expenses. As a result of the dissolution, the investment in unconsolidated entity, which had a June 30, 2021 balance of $25.0 million, was reclassified as follows. Approximately $22.9 million of loans were reclassified to commercial loans, at fair value and $2.1 million was reclassified to other real estate owned, as those assets continue to be reported at fair value.

Quarterly activity for commercial loan discontinued principal

	Commercial
	loan principal
		(in millions)

Commercial loan discontinued principal June 30, 2021 before marks	$	53
Quarterly paydowns and other reductions		(5	)
Commercial loan discontinued principal September 30, 2021 before marks		48
Marks September 30, 2021		(3	)
Net commercial loan exposure September 30, 2021		45
Residential mortgages		25
Net loans		70
Florida mall in other real estate owned		15
3 properties in other real estate owned		3
Total discontinued assets at September 30, 2021	$	88

Discontinued commercial loan composition as of September 30, 2021

Collateral type	Unpaid principal balance			Mark at September 30, 2021			Mark as % of portfolio
	(in millions)
Commercial real estate - non-owner occupied:
Retail	$	4		$	(0.6	)		15	%
Office		2			—			—
Other		18			(0.1	)		1	%
Construction and land		9			(0.1	)		1	%
Commercial non-real estate and industrial		2			(0.1	)		5	%
1 to 4 family construction		5			(2.3	)		46	%
First mortgage residential non-owner occupied		4			—			—
Commercial real estate owner occupied:
Retail		2			—			—
Residential junior mortgage		1			—			—
Other		1			—			—
Total	$	48		$	(3.2	)		7	%
Less: mark		(3	)
Net commercial loan exposure September 30, 2021	$	45		$	(3.2	)

Loan payment deferrals related to Covid-19

Total non-U.S. guaranteed loan balances for borrowers with Covid-19 payment deferrals amounted to $1.3 million as of September 30, 2021.

Exhibit 99.2

OCTOBER 2021 THE BANCORP INVESTOR PRESENTATION

2 FORWARD LOOKING STATEMENTS & OTHER DISCLOSURES DISCLOSURES Statements in this presentation regarding The Bancorp, Inc.’s 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 “may,” “believe,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “plan," or similar words, and are based on current expectations about important economic, political, and technological factors, among others, 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. These risks and uncertainties include those relating to the on - going COVID - 19 pandemic, the impact it will have on the company’s business and the industry as a whole, and the resulting governmental and societal responses. For further discussion of these risks and uncertainties, see the “risk factors” sections contained, in The Bancorp, Inc.’s Annual Report on Form 10 - K for the year ended December 31, 2020 and in its other public filings with the SEC. In addition, these forward - looking statements are based upon assumptions with respect to future strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward - looking statements. The forward - looking statements speak only as of the date of this presentation. The Bancorp, Inc. does not undertake 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”). This presentation may contain statistics and other data that in some cases has been obtained from or compiled from information made available by third - party service providers. The Bancorp, Inc. makes no representation or warranty, express or implied, with respect to the accuracy, reasonableness or completeness of such information. Past performance is not indicative nor a guarantee of future results. Copies of the documents filed by The Bancorp, Inc. with the SEC are available free of charge from the website of the SEC at www.sec.gov as well as on The Bancorp, Inc.’s website at www.thebancorp.com . This presentation is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Neither the SEC nor any other regulatory body has approved or disapproved of the securities of The Bancorp, Inc. or passed upon the accuracy or adequacy of this presentation. Any representation to the contrary is a criminal offense.

3 THE BANCORP HAS DELIVERED STRONG FINANCIAL PERFORMANCE 2019 2020 Q3 YTD 2021 PROFITABILITY ROE 12% 15% 18% 1 GROWTH REVENUE GROWTH 2 15% 15% 12% SCALABLE PLATFORM EFFICIENCY RATIO 69% 59% 53% KEY FINANCIAL METRICS Increasing levels of profitability Consistent double digit growth Platform delivering operating leverage FINANCIAL PERFORMANCE 1 Annualized for the nine months ended September 30, 2021. 2 Revenue growth represents full year 2019 and 2020 over previous respective years and Q3 YTD 2021 over Q3 YTD 2020. 2020 reven ue adjusted for net losses on commercial loans at fair value. For the 2019 growth calculation, 2018 revenue was adjusted for the sale of the safe harbor IRA portfolio an d the change in value of unconsolidated entity. SUSTAINED PERFORMANCE The Bancorp is continuing to deliver high quality financial performance across key financial metrics.

4 OUR BUSINESS PLAN OUTLINES THE PATH TO EXPAND OUR LEADERSHIP AMONG PEER BANKS AND IN THE PAYMENTS INDUSTRY $0.90 $1.37 $1.42 $1.78 $2.15 $0.00 $0.25 $0.50 $0.75 $1.00 $1.25 $1.50 $1.75 $2.00 $2.25 2019 2020 Q3 YTD 2021 2021 Guidance 2022 Guidance EARNINGS PER SHARE EARNINGS GUIDANCE GUIDANCE We are establishing our 2022 guidance at $2.15 per share as we maintain strong momentum across our platform.

5 FINANCIAL INDUSTRY LEADER CIO OUTLOOK TOP PAYMENT & CARD SOLUTIONS PROVIDER JUL. 2020 FORTUNE 100 FASTEST GROWING COMPANY RANKED #28 OCT. 2020 CIO REVIEW TOP BANKING TECHNOLOGY SOLUTIONS PROVIDER FEB. 2020 IPA CONSUMER CHAMPION APR. 2021 NILSON REPORT RANKED #1 PREPAID CARD ISSUER JUNE 2021 EQUAL OPPORTUNITY PUBLICATION TOP EMPLOYER READERS CHOICE MAR. 2021 – RANKED #29 MAR. 2020 – RANKED #46 S&P SMALL CAP 600 ADDED TO RATING MAY 2021 INDUSTRY LEADERSHIP NILSON REPORT RANKED #7 DEBIT ISSUING BANK APRIL 2021 RECOGNIZED PERFORMANCE At The Bancorp, we strive for excellence and have been recognized in the market as a leader across a variety of industry rankings.

6 FINTECH LEADERSHIP THE BANCORP IS A KEY PLAYER IN THE PAYMENTS ECOSYSTEM FINTECH ECOSYSTEM Enabling fintech companies by providing industry leading card issuing, payments facilitation and regulatory expertise to a highly diversified portfolio of clients. 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

7 SPECIALIZED LENDING BUSINESS LINES AND CREDIT ROADMAP Real Estate Bridge Lending $1.5B Emphasis on core business lines with expectation to add related products and enter adjacent markets Expand commercial real estate bridge lending business with focus on multi - family assets Remain positioned to capitalize on credit - linked payments opportunities Maintain balance sheet flexibility as we approach $10B in total assets Institutional Banking $1.9B Small Business $0.8B Leasing $ 0.5B CORE LENDING BUSINESSES AS OF Q3 2021 TOTAL $4.7B Established Operating Platform Scalable technology, operations and sales platforms across lending business to support sustained growth CREDIT ROADMAP CREDIT ROADMAP CREDIT ROADMAP We created a credit roadmap which outlines multi - year growth strategies across our specialized lending business lines.

8 OUR STRATEGIC POSITIONING SHOULD DRIVE EARNINGS AND PROFITABILITY HIGHLIGHTS Our platform can deliver growth from our specialized lending activities while remaining positioned to capitalize on new and higher - growth fintech partnerships. SPECIALIZED COMMERCIAL BANKS Efficient platforms Products in focused markets Higher growth than traditional banking We can achieve our long - term financial targets by maintaining flexibility to capitalize on growth opportunities in both fintech and specialty commercial banking. THE BANCORP BUSINESS MODEL We participate in the high - growth fintech markets by partnering with leading companies Our specialized lending businesses are supported by an established operating platform and have delivered meaningful growth NON - BANK FINANCIAL TECHNOLOGY COMPANIES (FINTECH) Rapid growth Technology driven Alternatives to traditional banking

9 FINANCIAL TARGETS Our multi - year plan outlines the path to deliver shareholder value by activating payments ecosystem 2.0, executing on our credit roadmap and enhancing our capital return program. CAPITAL RETURN INTRODUCING OUR 2025 PLAN VISION 500 Established the plan to optimize our balance sheet PAYMENTS ECOSYSTEM Enhance plan to maximize capital return to shareholders Activate Payments Ecosystem 2.0 TOTAL REVENUE >$500 Million CREDIT ROADMAP ROE >22% ROA >2% LEVERAGE 9% LONG - TERM FINANCIAL TARGETS FINANCIAL TARGETS

10 FINTECH SOLUTIONS GENERATES NON - INTEREST INCOME AND ATTRACTS STABLE, LOWER - COST DEPOSITS DEPLOYED INTO LOWER RISK ASSETS IN SPECIALIZED MARKETS FINTECH SOLUTIONS Enabling fintech companies by providing card sponsorship and facilitating other payments activities INSTITUTIONAL BANKING Lending solutions for wealth management firms COMMERCIAL LENDING Small business lending and commercial fleet leasing + THE BANCORP BUSINESS MODEL PAYMENTS & DEPOSITS Market - leading payments activities generate non - interest income and stable, lower - cost deposits LENDING Highly specialized lending products in high - growth markets THE BANCORP BUSINESS MODEL Real Estate Bridge Lending Focus on multifamily assets in high - growth markets

DEPOSITS & FEES: FINTECH SOLUTIONS GENERATES NON - INTEREST INCOME AND STABLE, LOWER - COST DEPOSITS

12 FINTECH SOLUTIONS: FEE GENERATING ACTIVITIES % TOTAL BANK REVENUE Q3 YTD 2021 1 13 % GROSS DOLLAR VOLUME GROWTH 2 OUR FINTECH SOLUTIONS BUSINESS ENABLES 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 #7 Debit Issuing Bank 2020 #1 Prepaid Issuing Bank 2020 27 % GOVERNMENT HEALTHCARE CORPORATE SERVICES GIFT 1 Includes non - interest income from prepaid and debit card issuance plus ACH, card and other payments processing fees. 2 Q3 YTD 2021 vs Q3 YTD 2020.

13 FINTECH SOLUTIONS: ESTABLISHED OPERATING PLATFORM HIGHLY SCALABLE PLATFORM TO SUPPORT OUR STRATEGIC PARTNERS ESTABLISHED OPERATING PLATFORM • Infrastructure in place to support significant growth • Long - term relationships with multiple processors enables 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.

14 DEPOSIT GROWTH FROM PAYMENTS BUSINESS FINTECH SOLUTIONS: STABLE, LOWER - COST DEPOSIT GENERATOR 1 Time deposits have rarely been used due to lower cost deposit growth and previous balances are included in “Other”. 2 Average for Q3 YTD 2021 $3,819 $3,812 $3,862 $4,025 $5,564 $5,899 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 $5,000 $5,500 $6,000 $6,500 $7,000 2016 2017 2018 2019 2020 Q3 YTD 2021 AVERAGE DEPOSITS BY PERIOD (MILLIONS) Fintech Solutions Group (Prepaid and Debit Card Issuance and other payments) Institutional Banking (checking and money market for higher net worth individuals) Other (Includes time deposits 1 and other legacy deposit programs) HIGHLIGHTS • Stable, lower - cost deposit base anchored by multi - year, contractual relationships in our payments businesses • Fintech Solutions growth driven by increased transactional volume due to favorable tailwinds from stimulus, electronic banking migration and overall savings increases among consumers DEPOSIT TYPE (AVG 2 .) BALANCE % TOTAL Demand & Int. checking $5.5B 93% Savings & money market 0.4B 7% Time deposits 1 - 0% Total $5.9B 100% Savings & Money Market 7% Time Deposits 0% Demand & Int. checking 93% COST OF DEPOSITS 0.30% 0.38% 0.67% 0.85% 0.12% 0.10%

LOANS & LEASES: HIGHLY SPECIALIZED LENDING WITH LOW LOSS HISTORIES

16 LOANS & LEASES: CREDIT ROADMAP CREDIT ROADMAP Delivering enterprise value from our balance sheet is an important element of our business strategy and a primary focus of our credit roadmap initiative. MANAGE CREDIT RISK TO DESIRED LEVELS IMPROVE NIM AND MONITOR INTEREST RATE SENSITIVITY MANAGE REAL ESTATE EXPOSURE TO CAPITAL LEVELS 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 KEY CONSIDERATIONS FOR GROWTH GUIDELINES WE CONSIDERED AS WE BUILT OUR CREDIT ROADMAP

17 LOWER CREDIT RISK LOAN PORTFOLIO LOANS & LEASES: STRONG COLLATERAL AND GOVERNMENT GUARANTEES BUSINESS LINE BALANCE SHEET CATEGORY Q3 2021 PRINCIPAL BALANCE ($ MILLIONS) % OF TOTAL PORTFOLIO Institutional Banking Securities - backed lines of credit (SBLOC) ( A) 1,148 24% Insurance - backed lines of credit (IBLOC) (B) 687 15% Advisor Financing 81 2% Total 1,916 41% Real Estate Bridge Lending Multifamily - commercial real estate (C) 1,322 28% Hospitality - commercial real estate 66 2% Retail - commercial real estate 61 <1% Other 21 <1% Total 1,470 31% Small Business Lending U.S. government guaranteed portion of SBA loans ( D) 370 7% Pay check Protection Program Loans (PPP) ( D) 71 3% Commercial mortgage SBA ( E) 195 4% Unguaranteed portion of U.S. govn’t guaranteed loans 104 2% Non - SBA small business loans 18 <1% Construction SBA 13 <1% Total 771 16% Commercial Fleet Leasing Leasing ( F) 514 11% Other Other 4 <1% Total principal $ 4,675 100% LOWER CREDIT LOSS NICHES A. SBLOC loans are backed by marketable securities with nominal credit losses B. IBLOC loans are backed by the cash value of life insurance policies with nominal credit losses C. Comprised of apartment buildings in carefully selected areas. Loans are generally originated at 99 dollar price 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

18 INSTITUTIONAL BANKING LOANS & LEASES: 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 CREDIT ROADMAP: • Continue momentum across current 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 PORTFOLIO SIZE 2.6 % 9/30/2021 EST. YIELD

19 INSTITUTIONAL BANKING PRIMARILY COMPRISED OF SECURITIES & CASH VALUE LIFE INSURANCE LENDING LOANS & LEASES: INSTITUTIONAL BANKING LOAN PORTFOLIO LOAN TYPE PRINCIPAL BALANCE % OF PORTFOLIO Securities - backed lines of credit (SBLOC) $ 1,148 60% Insurance - backed lines of credit (IBLOC) 687 36% Advisor Financing 81 4% Total $ 1,916 100% INSTITUTIONAL BANKING LOANS ($MILLIONS) 9/30/2021 SECURITIES - BACKED LINES OF CREDIT • Nominal historical credit losses • Underwriting standards of generally 50% to equities and 80% or more to fixed income securities PORTFOLIO ATTRIBUTES PRINCIPAL BALANCE % PRINCIPAL TO COLLATERAL $ 19 65% 17 37% 14 27% 12 29% 9 33% 9 36% 9 53% 8 71% 8 23% 8 46% Total $ 113 43% TOP 10 SBLOC LOANS ($MILLIONS) 9/30/2021 INSURANCE - BACKED LINES OF CREDIT • Nominal historical credit losses • Loans backed by the cash value of insurance policies

20 SMALL BUSINESS LENDING LOANS & LEASES : SMALL BUSINESS LENDING 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 CREDIT ROADMAP: • Continue delivering growth within existing small business lending platform while entering new verticals and growing the SBAlliance Š • SBAlliance Š program provides lending support to banks and financial institutions who need SBA lending capabilities through products such as: • Wholesale loan purchases • Interim bridge financing for small business owners • Participated in the Payroll Protection Program (PPP) and originated ~$300M in short term loans, SBA AND OTHER SMALL BUSINESS LENDING $ 771 M PORTFOLIO SIZE 5.0 % 9/30/2021 EST. YIELD ~$ 700 K AVERAGE 7(a) LOAN SIZE

21 LOANS & LEASES: STRONG COLLATERAL & GOVERNMENT GUARANTEES SMALL BUSINESS LOANS BY TYPE 1 ($MILLIONS) 9/30/2021 1 Excludes the government guaranteed portion of SBA 7a loans and PPP loans. TYPE DISTRIBUTION • Diverse product mix • Commercial mortgage and construction are generally originated with 50% - 60% LTV’s GEOGRAPHIC DISTRIBUTION • Diverse geographic mix • Largest concentration in Florida representing 19% of total PORTFOLIO ATTRIBUTES SMALL BUSINESS LOANS BY STATE 1 ($MILLIONS) 9/30/2021 STATE SBL COMMERCIAL MORTGAGE SBL CONSTRUCTION SBL NON - REAL ESTATE TOTAL Florida $ 56 $ - $ 8 $ 64 California 42 1 4 47 North Carolina 23 2 3 28 Pennsylvania 23 4 3 30 Illinois 22 - 3 25 New York 14 4 3 21 New Jersey 12 - 6 18 Texas 12 - 4 16 Virginia 9 - 2 11 Tennessee 10 - - 10 Colorado 3 5 2 10 Georgia 7 - 2 9 Michigan 4 - 1 5 Washington 3 - - 3 Ohio 3 - - 3 Other states 22 - 9 31 Total $ 265 $ 16 $ 50 $ 331 SMALL BUSINESS LENDING TYPE SBL COMMERCIAL MORTGAGE SBL CONSTRUCTION SBL NON - REAL ESTATE TOTAL Hotels and Motels $ 67 $ 4 $ - $ 71 Full - Service Restaurants 16 1 3 20 Baked Goods Stores 4 - 11 15 Child Day Care Services 14 - 1 15 Car Washes 10 2 - 12 Lessors of Nonresidential Buildings 10 - - 10 Assisted Living Facilities 10 - - 10 Offices of Lawyers 9 - - 9 Funeral Homes and Funeral Services 9 - - 9 General Warehousing and Storage 7 - - 7 Limited - Service Restaurants 2 1 3 6 Fitness and Recreational Sports Centers - 4 2 6 Amusement and Recreation Industries 5 - 1 6 Outpatient Mental Health Centers 5 - - 5 Other 97 4 29 130 Total $ 265 $ 16 $ 50 $ 331

22 COMMERCIAL FLEET LEASING LOANS & LEASES : COMMERCIAL FLEET LEASING BUSINESS OVERVIEW: • Niche provider of vehicle leasing solutions • Focus on smaller fleets (less than 150 vehicles) • Direct lessor (The Bancorp Bank 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 (~85%) and government - related business (~15%) CREDIT ROADMAP: • 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 NICHE - VEHICLE FLEET LEASING SOLUTIONS $ 514 M PORTFOLIO SIZE 5.9 % 9/30/2021 EST. YIELD

23 LOANS & LEASES: COMMERCIAL FLEET LEASING PORTFOLIO OVERVIEW • Largest concentration is construction sector • Of the $514M total portfolio, $464M are vehicle leases with the remaining $50M made up of equipment leases PORTFOLIO ATTRIBUTES TYPE BALANCE TOTAL Construction $ 95 18% Government agencies and public institutions** 77 15% Waste management and remediation services 64 12% Real Estate and Rental and Leasing 56 11% Retail Trade 47 9% Wholesale Purchase 34 7% Transportation and Warehousing 29 6% Health Care and Social Assistance 26 5% Professional, Scientific, and Technical Services 19 4% Manufacturing 16 3% Wholesale Trade 14 3% Educational Services 8 2% Other 29 5% Total $ 514 100% DIRECT LEASE FINANCING BY STATE ($MILLIONS) 9/30/2021 COMMERCIAL FLEET LEASING STATE BALANCE TOTAL Florida $ 93 18% California 48 9% New Jersey 39 8% Utah 35 7% New York 33 6% Pennsylvania 32 6% Maryland 25 5% North Carolina 25 5% Texas 19 4% Connecticut 16 3% Washington 15 3% Georgia 12 2% Idaho 11 2% Tennessee 10 2% Alabama 9 2% Other states 92 18% Total $ 514 100% DIRECT LEASE FINANCING BY TYPE ($MILLIONS) 9/30/2021

24 REAL ESTATE BRIDGE LENDING LOANS & LEASES: REAL ESTATE BRIDGE LENDING TYPE # LOANS BALANCE ORIGINATION DATE LTV WEIGHTED AVG INTEREST RATE % TOTAL Multifamily (apartments) 130 $ 1,322 76% 4.7% 89% Hospitality (hotels and lodging) 9 66 65% 5.7% 5% Retail 6 61 71% 4.3% 5% Other 8 21 73% 5.2% 1% Total 153 $ 1,470 75% 4.7% 100% COMMERCIAL REAL ESTATE LOANS BY TYPE ($MILLIONS) 9/30/2021 BUSINESS OVERVIEW: • Restarted floating rate bridge lending business in Q3 2021 • Lending focus on multi - family assets in carefully selected markets • New production targeting to replace runoff from existing portfolio Real estate bridge lending MULTI - FAMILY – 89% LODGING – 5% RETAIL – 5% OTHER - 1% ASSET CLASSES — % PORTFOLIO OVERVIEW • Vast majority of loans are multifamily including all of the top 15 exposures • Loans made 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 CECL methodology PORTFOLIO ATTRIBUTES $ 129 M PORTFOLIO LOANS BOOKED SINCE Q3 LAUNCH (ALL MULTIFAMILY)

FINANCIAL REVIEW

26 3.3% NIM FOR Q3 2021 DESPITE 0% FRB RATE ENVIRONMENT FINANCIAL REVIEW: INTEREST RATE SENSITIVITY 1 Loans are as of September 30, 2021 and deposits are average balance for Q3 YTD 2021. 2 Institutional Banking substantially comprised of securities backed loans and insurance backed loans. 3 Excludes $71M of short - term PPP loans which are government guaranteed and deferred costs and fees. Q3 BALANCE 1 ($MILLIONS) RATE SENSITIVITY Institutional Banking 2 $1,916 Majority of loan yields will increase as rates increase Real Estate Bridge Lending $1,470 4.7% avg. floor and yield will increase as rates exceed floors Small Business 3 $700 Majority of loan yields will increase as rates increase Leasing $514 Fixed rates but short average lives Total $4,600 Core Lending businesses account for 98% of the total $4,675 loans Total Deposits $5,899 A majority of deposits adjust to a portion of rate changes in line with partner contracts Core Lending Businesses HIGHLIGHTS x Floating rate lending businesses include Real Estate Capital Markets, SBLOC, IBLOC and the majority of Small Business x Deposits primarily comprised of prepaid and debit accounts, anchored by multi - year, contractual relationships x Interest income should increase in higher interest rate environments

27 REVENUE HAS GROWN CONSISTENTLY SINCE 2016 WHILE EXPENSES HAVE BEEN TIGHTLY MANAGED, CREATING OPERATING LEVERAGE FINANCIAL REVIEW: EARNINGS AND PROFITABILITY 1 Core revenue is net interest income plus non - interest income excluding net losses on commercial loans at fair value, gains/losse s from sales of securities, changes in valuation to Walnut Street and the sales of Health Savings Accounts, the European payments business, and the IRA portfolio. 2 Non - interest income as percentage of average assets ranks in top quartile of the uniform bank performance report peer group for 2020. $0 $50 $100 $150 $200 $250 2016 2017 2018 2019 2020 Q3 YTD 2020 Q3 YTD 2021 NON - INTEREST EXPENSE $ Millions REVENUE • Annual revenue growth driven by diverse product mix • Net interest income growth driven by growth in balances across business lines • Greater proportion of non - interest income compared to peers 2 EXPENSE • Expenses have been tightly managed since 2017 • Expense saves have continued to be realized and have funded critical BSA and other infrastructure which has attracted new clients • 2019 includes a $7.5M civil money penalty related to consent order remediation. In 2020, subsequent to the civil money penalty, the related consent order was lifted (17%) ’16 - ’20 $0 $50 $100 $150 $200 $250 $300 2016 2017 2018 2019 2020 Q3 YTD 2020 Q3 YTD 2021 CORE REVENUE 1 $ Millions +70% ’16 - ‘20

28 $0 $2 $4 $6 $8 $10 $12 $14 $16 $18 $20 2017 2018 2019 2020 Q3 2021 ALLOWANCE FOR CREDIT LOSSES REFLECTS OUR LOWER - RISK LOAN PORTFOLIO FINANCIAL REVIEW: LOAN LOSS RESERVE ALLOWANCE FOR CREDIT LOSSES ($MILLIONS) Small Business HELOC/Consumer/Other SBLOC/IBLOC/Advisor Financing Allowance for credit losses as % of loan balance 0.6% 0.6% 0.6% 0.6% 0.5% Allowance for credit losses as % of loan balance (excluding SBLOC & IBLOC) 1.2% 1.2% 1.2% 1.4% 1.2% HIGHLIGHTS CONTINUING OPERATIONS • Decreases in allowance in Q2 2021 due to reversal of COVID driven adjustments and continued solid credit performance DISCONTINUED OPERATIONS • Discontinued portfolio <2% of total loans Leasing

29 CAPITAL POSITION FINANCIAL REVIEW: HISTORICAL CAPITAL POSITION HIGHLIGHTS • Established and executing share buyback program of $10M a quarter for 2021 • 2022 Plan for $15M share buyback per quarter • Corporate governance requires periodic assessment of capital minimums • Capital planning includes stress testing for unexpected conditions and events 0% 5% 10% 15% 20% 25% 2017 2018 2019 2020 Q3 2020 Tier 1 Leverage Ratio 7.9% 10.1% 9.6% 9.2% 9.8% 5.0% Tier 1 Risk - based Capital Ratio (RBC) 1 16% 20% 19% 14% 16% 8% Total Risk - based Capital Ratio 17% 21% 19% 15% 16% 10% Tier 1 Capital Ratio Total RBC Ratio Tier 1 Leverage Ratio THE BANCORP INC. CAPITAL RATIOS Q3 2021 1 Tier 1 risk - based ratio is identical to Common Equity Tier 1 to risk weighted assets and has a 6.5% well capitalized minimum Well - capitalized minimum

30 WE HAVE BEEN EXECUTING AGAINST OUR STRATEGIC PLAN AND IMPROVING FINANCIAL PERFORMANCE FINANCIAL REVIEW: EARNINGS AND PROFITABILITY PERFORMANCE METRICS 2017 2018 2019 2020 Q3 YTD 2021 LONG - TERM TARGETS ROE 7.0% 24.3% 11.6% 15.1% 18.3% 1 22% ROA 0.52% 2.07% 1.09% 1.34% 1.66% 1 > 2.0% EPS $0.39 $1.55 $0.90 $1.37 $1.42 Leverage Ratio 7.9% 10.1% 9.6% 9.2% 9.8% 9% Total Assets $4.7B $4.4B $5.7B $6.3B $6.3B <$10B Efficiency Ratio 2 79% 71% 69% 59% 53% 1 Annualized for the nine months ended September 30, 2021. 2 Efficiency ratio calculated by dividing non - interest expense by the total of net interest income and non - interest income. Non - i nterest income excludes gains/losses from sales of securities, changes in valuation to Walnut Street, net losses on commercial loans at fair value, and the sales of the Health Savings Account port fol io, the European payments business and the IRA portfolio.

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

Date: October 28, 2021	The Bancorp, Inc.

	By:	/s/ Paul Frenkiel
	Name:	Paul Frenkiel
	Title:	Chief Financial Officer and
		Secretary