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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 |
| Operating Revenue | - | 354.52 | 456.15 | 534.76 | 703.84 |
| Selling General And Administration | - | 118.86 | 135.13 | 147.12 | 158.34 |
| Interest Income | - | 308.30 | 509.51 | 551.59 | 551.37 |
| Interest Expense | - | 59.45 | 155.46 | 175.35 | 175.86 |
| Net Interest Income | - | 248.84 | 354.05 | 376.24 | 375.51 |
| Pretax Income | - | 177.91 | 256.77 | 292.16 | 303.04 |
| Tax Provision | - | 47.70 | 64.48 | 74.62 | 74.82 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.78 | 0 | -0.07 | -0.49 |
| Net Income Continuous Operations | - | 130.21 | 192.30 | 217.54 | 228.21 |
| Net Income From Continuing And Discontinued Operation | - | 130.21 | 192.30 | 217.54 | 228.21 |
| Net Income From Continuing Operation Net Minority Interest | - | 130.21 | 192.30 | 217.54 | 228.21 |
| Net Income | - | 130.21 | 192.30 | 217.54 | 228.21 |
| Net Income Common Stockholders | - | 130.21 | 192.30 | 217.54 | 228.21 |
| Net Income Including Noncontrolling Interests | - | 130.21 | 192.30 | 217.54 | 228.21 |
| Normalized Income | - | 132.34 | 192.30 | 217.75 | 229.72 |
| Diluted NI Availto Com Stockholders | - | 130.21 | 192.30 | 217.54 | 228.21 |
| Basic Average Shares | - | 56.56 | 54.51 | 50.06 | 45.77 |
| Diluted Average Shares | - | 57.27 | 55.05 | 50.71 | 46.42 |
| Reconciled Depreciation | - | 2.90 | 3.07 | 4.16 | 4.65 |
| Total Unusual Items | - | -2.90 | 0 | -0.28 | -2 |
| Total Unusual Items Excluding Goodwill | - | -2.90 | 0 | -0.28 | -2 |
| Net Income Discontinuous Operations | 0.21 | 0 | 0 | - | - |
| Special Income Charges | - | -2.90 | 0 | -0.28 | -2 |
| Other Special Charges | - | 2.90 | - | 0.28 | 2 |
| Write Off | 0 | 0 | 1.32 | 0 | - |
| Gain On Sale Of Security | - | 0 | -10 | 1 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 2.90 | 3.07 | 4.16 | 4.65 |
| Depreciation And Amortization In Income Statement | - | 2.90 | 3.07 | 4.16 | 4.65 |
| General And Administrative Expense | - | 118.86 | 135.13 | 147.12 | 158.34 |
| Other Gand A | 22.26 | - | - | - | - |
| Salaries And Wages | - | 105.37 | 121.06 | 131.60 | 142.55 |
| Insurance And Claims | - | 8.30 | 8.10 | 8.77 | 9.32 |
| Rent Expense Supplemental | - | 5.19 | 5.98 | 6.75 | 6.47 |
| Rent And Landing Fees | - | 5.19 | 5.98 | 6.75 | 6.47 |
| Amortization | 0.40 | 0.40 | 0.40 | - | - |
| Amortization Of Intangibles Income Statement | 0.40 | 0.40 | 0.40 | - | - |
| Occupancy And Equipment | 15.66 | 16.21 | 17.35 | - | - |
| Depreciation Income Statement | - | 2.90 | 3.07 | 4.16 | 4.65 |
| Professional Expense And Contract Services Expense | - | 6.67 | 7.41 | 6.42 | 10.83 |
| Other Non Interest Expense | - | 38.17 | 45.43 | 45.25 | 47.29 |
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 | $2.2B | 9.77↓ discount | 3.23 | 33.1% | - |
| SiriusPoint Ltd. | SPNT | $2.5B | 5.38 | 1.09 | 20.2% | - |
| First Bancorp | FBNC | $2.5B | 22.27 | 1.49 | 6.7% | - |
| NBT Bancorp Inc. | NBTB | $2.4B | 14.27 | 1.27 | 8.9% | - |
| The Western Union Company | WU | $2.4B | 4.82 |
| - |
| - |
| - |
| - |
| 2.52 |
| 52.2% |
| 4.15 |
| Beacon Financial Corporation | BBT | $2.4B | 26.55 | 0.96 | 3.6% | - |
| Banner Corporation | BANR | $2.2B | 11.23 | 1.13 | 10.0% | - |
| Merchants Bancorp | MBIN | $2.2B | 10.02 | 1.27 | 12.6% | - |
| Hilltop Holdings Inc. | HTH | $2.2B | 13.12 | 1.00 | 7.6% | - |
| Peer Median | - | 12.18 | 1.20 | 9.5% | 4.15 | |