The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, money market, and commercial accounts. The company also provides securities-backed lines of credit and insurance policy cash value-backed lines of credit; investor advisor financing; financing to investment advisors; Small Business Administration loan; lease financing for commercial and government vehicle fleets; commercial real estate bridge loans, as well as consumer fintech loans comprising short-term extensions of credit, including secured credit card loans, payroll advances, and others. In addition, it offers automated clearing house (ACH) bill, and other payment services; debit and prepaid card issuing services; card and bill payment; account services; data processing services, check imaging, loan processing, electronic bill payment and statement rendering; call center customer support; access to automated teller machine networks; bank accounting and general ledger system; data warehousing services; and software development services. The company was incorporated in 1999 and is headquartered in Wilmington, Delaware.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $704M | - | $228M | $256M | 33.1% | 31.6% | 4.9% |
| 2024 | $535M | - | $218M | $203M | 27.5% | 17.2% | 13.1% |
| 2023 | $456M | - | $192M | $174M | 23.8% | 28.7% | 47.7% |
| 2022 | $355M | - | $130M | $114M | 18.8% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 354.52 | 456.15 | 534.76 | 703.84 |
| Pretax Income | - | 177.91 | 256.77 | 292.16 | 303.04 |
| Tax Provision | - | 47.70 | 64.48 | 74.62 | 74.82 |
| Net Income | - | 130.21 | 192.30 | 217.54 | 228.21 |
| Net Income Common Stockholders | - | 130.21 | 192.30 | 217.54 | 228.21 |
| Interest Expense | - | 59.45 | 155.46 | 175.35 | 175.86 |
| Interest Income | - | 308.30 | 509.51 | 551.59 | 551.37 |
| Selling General And Administration | - | 118.86 | 135.13 | 147.12 | 158.34 |
| Normalized Income | - | 132.34 | 192.30 | 217.75 | 229.72 |
| Market Cap | 2,443.44 | 2,443.44 | 2,443.44 | 2,443.44 | 2,443.44 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Bancorp, Inc.this co. | TBBK | $2.6B | 10.71 | 3.54 | 33.1% | - |
| CorVel Corporation | CRVL | $2.9B | 30.87 | 9.12 | 29.6% | 18.59 |
| First Financial Bancorp. | FFBC | $2.9B | 12.55 | 1.16 | 9.2% | - |
| The Western Union Company | WU | $2.9B | 5.58 | 2.91 | 52.2% | 4.56 |
| SiriusPoint Ltd. | SPNT | $2.9B | 6.05 |
| - |
| - |
| - |
| - |
| 1.22 |
| 20.2% |
| - |
| Seacoast Banking Corporation of Florida | SBCF | $2.8B | 21.13 | 1.13 | 5.3% | - |
| Merchants Bancorp | MBIN | $2.8B | 10.29 | 1.30 | 12.6% | - |
| Artisan Partners Asset Management Inc. | APAM | $2.7B | 9.24 | 6.11 | 66.2% | 5.40 |
| Acadian Asset Management Inc. | AAMI | $2.5B | 30.27 | 39.96 | 132.0% | 14.22 |
| Peer Median | - | 11.42 | 2.11 | 24.9% | 9.81 | |