Bancorp Inc

Common Name

Bancorp

Country

United States

Sector

Financial Services

Industry

Banks - Regional

Employees

771

Ticker

TBBK

Exchange

NASDAQ/NGS

Website

www.thebancorp.com

Description

The Bancorp Inc. is a financial holding company that primarily focuses on providing private-label banking and technology solutions for non-bank companies. Its core services include offering customized... Show more

Financial Statements of Bancorp

Below are the financial statements of Bancorp, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Interest income	—	—	—
Loans, including fees	458.82^a	436.65^a	275.84^a
Investment securities	—	—	—
Taxable interest	66.26^a	39.08^a	0
Tax-exempt interest	0.19^a	0.15^a	0.1^a
Interest-earning deposits	26.33^a	33.63^a	6.76^a
Interest expense	—	—	—
Deposits	-164.37^a	-148.53^a	-51.14^a
Short-term borrowings	-2.47^a	-0.27^a	-1.54^a
Long-term borrowings	-2.42^a	-0.51^a	-1^a
Senior debt	-4.94^a	-5.03^a	-5.12^a
Subordinated debentures	-1.16^a	-1.12^a	-0.66^a
Net interest income	376.24^a	354.05^a	248.84^a
Provision for credit losses on non-consumer fintech loans	-9.32^a	-8.47^a	-5.74^a
Provision for credit losses on consumer fintech loans	-30.65^a	0^a	0^a
Provision (reversal) for unfunded commitments	-0.6^a	-0.14^a	-1.37^a
Provision (reversal) for credit loss on security	-1^a	-10^a	0^a
Net interest income after provision (reversal) for credit losses	337.87^a	335.72^a	241.73^a
Fintech fees	—	—	—
ACH, card and other payment processing fees	14.6^a	9.82^a	8.94^a
Prepaid, debit card and related fees	97.41^a	89.42^a	77.24^a
Consumer credit fintech fees	4.79^a	0^a	0^a
Total fintech fees	116.8^a	99.24^a	86.17^a
Non-interest income	—	—	—
Net realized and unrealized gains on commercial loans, at fair value	2.73^a	3.75^a	13.53^a
Leasing related income	3.92^a	6.32^a	4.82^a
Consumer fintech loan credit enhancement	30.65^a	0^a	0^a
Other	3.41^a	2.79^a	1.16^a
Total non-interest income	157.51^a	112.09^a	105.68^a
Non-interest expense	—	—	—
Salaries and employee benefits	-131.6^a	-121.06^a	-105.37^a
Depreciation	-4.16^a	-3.07^a	-2.9^a
Rent and related occupancy cost	-6.75^a	-5.98^a	-5.19^a
Data processing expense	-5.67^a	-5.45^a	-4.97^a
Audit expense	-1.48^a	-1.62^a	-1.53^a
Legal expense	-3.08^a	-3.85^a	-3.88^a
Legal settlements	-0.28^a	0^a	-1.15^a
FDIC insurance	-3.58^a	-2.96^a	-3.27^a
Software	-17.91^a	-17.35^a	-16.21^a
Insurance	-5.2^a	-5.14^a	-5.03^a
Telecom and IT network communications	-1.23^a	-1.32^a	-1.46^a
Consulting	-1.85^a	-1.94^a	-1.26^a
Write-downs and other losses on other real estate owned	0^a	-1.32^a	0^a
Civil money penalty	0^a	0^a	-1.75^a
Other	-20.45^a	-20^a	-15.54^a
Total non-interest expense	-203.23^a	-191.04^a	-169.5^a
Income before income taxes	292.16^a	256.77^a	177.91^a
Income tax expense	-74.62^a	-64.48^a	-47.7^a
Net income	217.54^a	192.3^a	130.21^a

Verified Sources Behind Bancorp’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Bancorp’s data sources below and access millions more through our Disclosure Search.

a. Bancorp's 10-K 2024

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Financial Statements of Bancorp

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