olivLaw · US equity research
The Bancorp, Inc. TBBK
National Commercial Banks · SIC 6021 · Vertical: National Commercial Banks (SIC 6021)
The Bancorp is a federally chartered bank in Sioux Falls that builds its business around fintech partnerships, offering card issuance, payment processing and sponsored lending funded by low-cost deposits. The model produced net income of 228.2 million USD in 2025, and fintech revenue is now the main engine of the company.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, The Bancorp, Inc. (TBBK) stock was 47.34 USD (+1.48% on the day), with market capitalisation 1.9 bn USD, P/E 8.9 on diluted EPS of 5.32 USD over the last 12 months, beta 1.39, 52-week range 46.17–72.05 USD. Latest reported quarter (Q2 2026): net income of 60.7 m USD (+1.4% YoY), diluted EPS 1.45 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 37.9
- weak (30–45)
- Bollinger (20, 2)
- 46.24 – 52.26
- in the lower half of the band · %B 0.18 · band width 12.2%
- SMA 50 / 200
- 52.41 / 58.15
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -1.22 / -1.12
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −2.0% | −1.1% | −1.0 pp | — |
| 3 months | −34.0% | −0.5% | −33.6 pp | — |
| 6 months | −21.7% | +4.4% | −26.1 pp | — |
| Year to date | −29.9% | +12.3% | −42.2 pp | — |
| 1 year | −23.9% | +13.5% | −37.4 pp | +20.7% |
| 3 years | +20.6% | +76.4% | −55.9 pp | +74.0% |
| 5 years | +44.8% | +63.7% | −18.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Pre-tax income | 69.0 m | 76.4 m | 75.2 m | 79.6 m | 73.2 m | 75.0 m | 78.7 m | 80.9 m |
| Income tax | 17.5 m | 20.5 m | 18.1 m | 19.8 m | 18.2 m | 18.7 m | 18.6 m | 20.3 m |
| Net income | 51.5 m | 55.9 m | 57.2 m | 59.8 m | 54.9 m | 56.3 m | 60.1 m | 60.7 m |
| Diluted EPS | 1.04 | 1.15 ≈ | 1.19 | 1.27 | 1.18 | 1.28 ≈ | 1.41 | 1.45 |
| Operating cash flow | 50.8 m ≈ | 66.6 m | 94.5 m | 50.5 m ≈ | 151.6 m ≈ | -31.6 m | 85.2 m | 34.9 m ≈ |
| Capex | 1.1 m ≈ | 607.0 k | 765.0 k | 507.0 k ≈ | 634.0 k ≈ | 5.2 m | 468.0 k | 466.0 k ≈ |
| Share repurchases | 50.5 m ≈ | 50.5 m | 37.7 m | 37.9 m ≈ | 151.3 m ≈ | 151.5 m | 50.3 m | 50.5 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 17 percentile of its own 36-quarter history (min 5.0, median 11.4, max 91.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | ⚠ 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | unavailable | 9.4 m | 7.1 m | 7.5 m | 86.2 m | 99.2 m | 116.8 m | 141.1 m |
| Revenue YoY | unavailable | unavailable | −24.3% | +6.0% | — | +15.2% | +17.7% | +20.8% |
| Net income | 88.7 m | 51.6 m | 80.1 m | 110.7 m | 130.2 m | 192.3 m | 217.5 m | 228.2 m |
| Net income YoY | +309.2% | −41.9% | +55.3% | +38.2% | — | +47.7% | +13.1% | +4.9% |
| Diluted EPS | 1.55 | 0.90 | 1.37 | 1.88 | 2.27 | 3.49 | 4.29 | 4.92 |
| Diluted EPS YoY | +297.4% | −41.9% | +52.2% | +37.2% | — | +53.7% | +22.9% | +14.7% |
| net % | unavailable | 549.9% | 1,127.8% | 1,470.3% | 151.1% | 193.8% | 186.3% | 161.7% |
| Free cash flow | -176.3 m | 64.9 m | 116.9 m | 82.3 m | 114.5 m | 174.2 m | 204.9 m | 257.9 m |
The series breaks before 2022: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 112.6 m USD
- Financial debt
- 199.0 m USD
- Net debt
- 86.4 m USD
- Equity
- 689.8 m USD
- Total assets
- 9.4 bn USD
- Debt / equity
- 0.29x
- Current ratio
- unavailable
- ROE
- 30.8%
- ROA
- 2.5%
- FCF margin
- 182.7%
Financial statements (source on every figure)
Revenue and net income (USD)
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Net interest income | 194.9 m | 210.9 m | 248.8 m | 354.1 m | 376.2 m | 375.5 m | SEC (XBRL)· 25 Feb 2026verified |
| Net fee income | 84.6 m | 104.7 m | 105.7 m | 112.1 m | 157.5 m | 328.3 m | SEC (XBRL)· 25 Feb 2026verified |
| Non-interest expense | 164.8 m | 168.4 m | 169.5 m | 191.0 m | 203.2 m | 223.1 m | SEC (XBRL)· 25 Feb 2026verified |
| Pre-tax income | 108.3 m | 144.2 m | 177.9 m | 256.8 m | 292.2 m | 303.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Net income | 80.1 m | 110.7 m | 130.2 m | 192.3 m | 217.5 m | 228.2 m | SEC (XBRL)· 25 Feb 2026verified |
| Diluted EPS | 1.37 | 1.88 | 2.27 | 3.49 | 4.29 | 4.92 | SEC (XBRL)· 25 Feb 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 345.5 m | 601.8 m | 888.2 m | 1.0 bn | 570.1 m | 112.6 m | SEC (XBRL)· 25 Feb 2026verified |
| Loans | 2.6 bn | 3.7 bn | 5.5 bn | 5.3 bn | 6.1 bn | 7.1 bn | SEC (XBRL)· 25 Feb 2026verified |
| Total assets | 6.3 bn | 6.8 bn | 7.9 bn | 7.7 bn | 8.7 bn | 9.4 bn | SEC (XBRL)· 25 Feb 2026verified |
| Deposits | 5.5 bn | 6.0 bn | 7.0 bn | 6.7 bn | 7.7 bn | 8.2 bn | SEC (XBRL)· 25 Feb 2026verified |
| Short-term debt | 0 | 0 | 0 | 0 | 0 | 199.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Long-term debt | 40.3 m | 39.5 m | 10.0 m | 38.6 m | 14.1 m | — | SEC (XBRL)· 03 Mar 2025verified |
| Total liabilities | 5.7 bn | 6.2 bn | 7.2 bn | 6.9 bn | 7.9 bn | 8.7 bn | SEC (XBRL)· 25 Feb 2026verified |
| Equity | 581.2 m † | 652.5 m † | 694.0 m † | 807.3 m † | 789.8 m † | 689.8 m † | SEC (XBRL)· 25 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Share repurchases | — | 40.0 m | 60.0 m | 100.0 m | 252.4 m | 378.3 m | SEC (XBRL)· 25 Feb 2026verified |
Computed indicators
Growth
Profitability
Returns
Market and valuation
Banking
32 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 81 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 1.9 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet16
- Growth100
- Valuation44
- Quality100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 17.74 – 80.89 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Residual income26.11 – 27.38 (Mid 26.73)
- Justified P/B60.15 – 80.89 (Mid 69.00)
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
- Peers: P/E60.25 – 66.16 (Mid 64.06)27 companies used · median multiple 12.0x · quartiles 11.3x – 12.4xASRV, BAC, CAC, CASH, CFBK, CFR, COF, FHN, FULT, FUNC, HAFC, HBAN, JPM, KEY, LCNB, MRBK, NBTB, NKSH, ONB, PNC, RF, SFST, SHBI, USB, WAFD, WFC, WSFS
- Peers: P/B17.74 – 24.28 (Mid 21.24)34 companies used · median multiple 1.2x · quartiles 1.0x – 1.4xASRV, BAC, BANC, C, CAC, CARE, CASH, CFBK, COF, DCBG, FHN, FULT, FUNC, HAFC, HBAN, KEY, LCNB, MRBK, NBHC, NBTB, NKSH, ONB, PNC, PRK, RF, SFST, SHBI, SNUS-PH, UBS, USB, WAFD, WFC, WSFS, ZION
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 81/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 29.6% | 100 (vs peers) | 21% |
| ROA · Quality | 2.6% | 100 (on a fixed band) | 8% |
| Cost-to-income · Quality | 33.3% | 100 (on a fixed band) | 13% |
| Net interest margin · Quality | 4.0% | 100 (on a fixed band) | 8% |
| EPS CAGR 3Y · Growth | 29.4% | 100 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 17.9% | 100 (on a fixed band) | 8% |
| NPL ratio · Balance sheet | unavailable | unavailable | — |
| Cost of risk · Balance sheet | unavailable | unavailable | — |
| Loan-to-deposit · Balance sheet | 93.8% | 16 (on a fixed band) | 5% |
| P/B · Valuation | 2.7x | 0 (vs peers) | 13% |
| P/E (TTM) · Valuation | 8.9x | 89 (vs peers) | 13% |
| Dividend yield · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial16/100 · 1/3 factors with a value
- Growth100/100 · 2/2 factors with a value
- Quality100/100 · 4/4 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation44/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
THE BANCORP, INC. (TBBK). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: net interest income 375.5 m USD in 2025; YoY growth 20.8%; net margin 164.3%; ROE 29.6%.
The estimated value range is 43.13–46.77 USD per share (median of 4 methods, agreement: low); assumptions are illustrative. Against the central value of 45.40 USD, the price of 47.34 USD leaves a potential of -4.1% (value / price − 1) and a margin of safety of -4.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 81/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROE: 29.6%
- ROA: 2.6%
- Cost-to-income: 33.3%
- Net interest margin: 4.0%
- EPS CAGR 3Y: 29.4%
- Revenue CAGR 3Y: 17.9%
- P/E (TTM): 8.9x
What contradicts it
- Loan-to-deposit: 93.8%
- P/B: 2.7x
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): NPL ratio, Cost of risk, Dividend yield.
Versus the vertical median
National Commercial Banks (SIC 6021) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| JPMJpmorgan Chase & Co | 935.1 bn | 14.7 | 18.0% | 36.2% | +2.8% | +12% / +126% |
| BACBofA Finance LLC | 356.3 bn | 12.2 | 10.8% | 26.8% | +6.8% | −4% / +69% |
| WFCWells Fargo & Company | 262.5 bn | 12.2 | 12.9% | — | −1.6% | +2% / +96% |
| CCitigroup Inc | 218.2 bn | 17.8 | 6.8% | 16.8% | +5.6% | +20% / +171% |
| UBSUBS Group AG | 169.3 bn | 21.5 | 8.9% | — | +7.0% | +31% / +79% |
| COFCapital One Financial Corp | 124.1 bn | 12.1 | 9.7% | 17.2% | +36.6% | −6% / +85% |
| USBUs Bancorp \de\ | 95.1 bn | 12.0 | 12.7% | 27.5% | +4.4% | +24% / +60% |
| PNCPNC Financial Services Group, Inc. | 92.6 bn | 12.2 | 13.1% | 31.1% | +7.2% | +22% / +74% |
| HBANHuntington Bancshares Incorporated | 32.4 bn | 12.9 | 9.1% | 133.3% | +6.4% | −1% / +43% |
| RFRegions Financial Corporation | 24.7 bn | 11.7 | 11.9% | — | +23.8% | +14% / +74% |
| KEYKeyCorp | 22.8 bn | 11.6 | 11.2% | 26.6% | +62.7% | +17% / +74% |
| FHNFirst Horizon Corp | 11.2 bn | 11.3 | 11.6% | 29.9% | +7.2% | +6% / +86% |
| SNUS-PHSantander Holdings USA, Inc. | 11.0 bn | 6.2 | 10.8% | — | unavailable | unavailable / unavailable |
| CFRCullen/Frost Bankers, Inc. | 9.9 bn | 14.8 | 16.3% | 29.5% | +8.3% | +29% / +62% |
| ONBOld National Bancorp | 9.8 bn | 10.5 | 11.5% | — | +6.1% | +19% / +74% |
| ZIONZions Bancorporation, National Association | 9.7 bn | 8.5 | 16.4% | 168.7% | +3.6% | +25% / +87% |
| FULTFulton Financial Corp | 4.6 bn | 11.6 | 11.1% | 137.0% | −6.5% | +34% / +71% |
| WSFSWsfs Financial Corporation | 4.1 bn | 12.8 | 12.4% | — | +50.2% | +45% / +110% |
| PRKPark National Corporation | 3.3 bn | 16.4 | 11.0% | 25.8% | +2.9% | +19% / +65% |
| BANCBanc Of California, Inc. | 2.9 bn | — | -0.7% | -1.4% | −3.8% | +1% / +61% |
| NBTBNbt Bancorp Inc | 2.8 bn | 13.3 | 11.4% | 117.1% | +10.4% | +30% / +52% |
| WAFDWaFd, Inc. | 2.2 bn | 9.4 | 8.5% | 810.8% | +7.8% | −5% / +13% |
| CHCOCity Holding Company | 2.0 bn | 15.7 | 16.6% | 176.6% | +3.2% | +19% / +50% |
| TBBKThe Bancorp, Inc. | 1.9 bn | 8.9 | 29.6% | 164.3% | +20.8% | −24% / +21% |
| NBHCNational Bank Holdings Corp | 1.7 bn | 30.3 | 3.6% | 110.1% | +2.9% | +3% / +16% |
1- and 3-year price returns: for TBBK from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 33.09 Total return -30% · Per year -30% | 58.23 Total return 23% · Per year 23% | 87.34 Total return 84% · Per year 84% |
| 3 years | 39.25 Total return -17% · Per year -6% | 77.01 Total return 63% · Per year 18% | 125.77 Total return 166% · Per year 39% |
| 5 years | 46.55 Total return -2% · Per year -0% | 101.84 Total return 115% · Per year 17% | 181.11 Total return 283% · Per year 31% |
- Exit P/E± 19.25
- Net margin± 13.48
- Annual revenue growth± 10.05
- Annual dilution± 1.13
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 8-K (29 Oct 2026 · results).
In brief
The Bancorp is a federally chartered bank in Sioux Falls that builds its business around fintech partnerships, offering card issuance, payment processing and sponsored lending funded by low-cost deposits. The model produced net income of 228.2 million USD in 2025, and fintech revenue is now the main engine of the company. 13
SWOT
Strengths
- A funding model based on low-cost, stable deposits from fintech partner relationships supports specialised lending.
- Fee income is growing quickly, which reduces dependence on the interest margin.
- The technology platform is described by the company as scalable without a proportional rise in costs.
Weaknesses
- A large concentration of deposits from one source, the fintech business, exposes the company to changes in partnerships.
- The net interest margin has fallen sharply because of the large share of non-interest-bearing loans.
- Reliance on outside vendors for core banking processes creates operational risk.
Opportunities
- Expanding partnerships with new fintech companies could grow deposits and fees.
- Automation and AI tools could lower operating costs.
- Growth in SBLOC and IBLOC lending could diversify interest income sources.
Threats
- Changes to interchange fee rules or crossing the asset threshold could affect partner relationships.
- Falling interest rates could reduce interest income further.
- Competition from banking-as-a-service banks and fintech companies could reduce market share.
Risks
- Concentration on fintech partnershigh
If a small number of partners end their relationship with the bank, deposits and fees could fall significantly.
- Asset threshold and Durbin exemptionhigh
Exceeding the asset limit could cause the loss of the interchange fee cap exemption, which could affect revenue and contractual relationships.
- Credit risk on fintech loansmedium
Fintech loans are covered by partner protection agreements, but losses not covered could affect financial results.
- Liquidity riskmedium
If depositor confidence declines, deposit withdrawals could limit the ability to fund the business.
- Technology and cyber riskmedium
System outages, cyberattacks or failures at external vendors could disrupt services to partners and customers.
Investment thesis
What would need to be true (bull case)
- If fintech revenue keeps growing and low-cost deposits stay stable, the company could sustain the high return on equity seen in the second quarter of 2026.
- Growth in card payment volume and fee income could reduce dependence on the interest margin.
- The share repurchase programme and cost reductions could support earnings per share if the profit guidance is met.
What would break the thesis
- The net interest margin has fallen steadily, and a still larger share of non-interest-bearing loans could compress interest income further.
- The business depends on a small number of partners, and losing one could severely affect deposits and fees.
- Regulatory risks, including the asset threshold, could limit growth and the revenue model.
What to watch
- 2026 and 2027 profit guidance, including the fourth-quarter estimateQ4 2026
- Trend in the share of fintech loans in the total portfolio and in the net interest marginQ4 2026
- Development of gross card dollar volume (GDV) and fintech fee revenue2027
- Whether the balance sheet stays below the 10 billion USD threshold, as reported in the annual filingnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 8-K (29 Oct 2026 · results).
The business
The Bancorp, Inc. is a Delaware financial holding company whose primary subsidiary is The Bancorp Bank, National Association, a federally chartered commercial bank based in Sioux Falls, South Dakota. The strategy centres on Fintech Solutions, where the bank works with fintech companies and payment providers to offer payment, deposit and sponsored lending products. Deposits attracted through these partnerships are then directed to the Credit Solutions business. 1
Fintech fee income grew 21% in 2025 to 141.1 million USD, and in the second quarter of 2026 fintech fees represented 25.0% of total revenue. The company had 733 full-time employees as of 31 December 2025. 13
The company aims to stay below the 10 billion USD asset threshold to keep its exemption from the Durbin Amendment interchange fee caps, and some partner fee arrangements depend on this. This limit shapes its balance sheet policy. 1
Segments
Fintech Solutions
Fintech Solutions covers sponsored issuance of cards, ACH and acquiring payment processing, and sponsored lending. Gross dollar volume on prepaid and debit cards reached 178.21 billion USD in 2025, up 17%. In the second quarter of 2026, GDV was 53.45 billion USD, 22.5% higher than a year earlier. 13
Credit Solutions
Credit Solutions includes real estate bridge loans, securities- and insurance-backed lines of credit (SBLOC and IBLOC), advisor financing, small business loans and direct lease financing. As of 30 June 2026, SBLOC and IBLOC loans made up a large share of the total portfolio, and fintech loans represented 12.5% of the total. 23
Market context
The company operates in the market for banks that supply payment and credit infrastructure to fintech companies, a segment where competition comes from specialised banks as well as online lenders and non-bank companies. Market dynamics depend on interest rates, which pushed the net interest margin down to 4.31% in 2025 from 4.85% in 2024. 1
Growth in fintech-sourced deposits and payment volumes remains the engine of the business, and sensitivity to regulation, especially the asset threshold, can directly influence access to fee income. Results for the second quarter of 2026 show demand for these products stayed strong. 13
Trends
- Growth in prepaid and debit card paymentstailwind
Card payment volume grew steadily in 2025 and in the second quarter of 2026, supporting fee revenue. If this pace is sustained, fintech revenue could keep rising.
- Compression of the net interest marginheadwind
As the share of non-interest-bearing fintech loans rises, the net interest margin is compressed and interest income stays under pressure. The company expects this trend to continue in 2026 and beyond.
- The 10 billion USD asset thresholdmixed
Keeping the balance sheet below the 10 billion USD threshold protects the interchange fee exemption, but limits growth in deposits and loans. The company can use deposit sweeps and loan sales to manage this threshold.
- Automation and artificial intelligencemixed
The company is investing in AI tools to reduce costs and raise productivity, and the restructuring of institutional banking reduced operating costs from early 2026. Regulatory risks and model accuracy concerns remain high.
Competitive position
The company competes with banks and financial institutions, including banking-as-a-service banks such as Pathward Financial and Coastal Community for prepaid and debit card accounts. TriState Capital competes in SBLOC lending, Live Oak Bank in SBA loans, and Enterprise in leasing. 1
Competition depends on expanding partner relationships, the breadth of products, the perceived safety of a depository institution and the fees charged. High compliance costs in consumer protection and anti-money-laundering rules limit the entry of new competitors. 1
- Pathward FinancialPFBI
Banking-as-a-service bank named by the company as a main competitor for prepaid and debit card accounts.
- TriState Capital
Competitor in securities-backed lines of credit, named by the company in the SBLOC segment.
- Live Oak Bank
Competitor in SBA lending to small businesses, named by the company.
- Enterprise
Competitor in the leasing segment, named by the company.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Why Is The Bancorp Stock Down 21% Today?Yahoo Finance — News · 09 Sept 2026 · EN
The latest news item in our archive is from 09 Sept 2026; the newest SEC filing is from 29 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report29 Oct 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report (amendment)08 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Current report04 Sept 2026Exit or disposal costs · Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report06 Aug 2026
- Current report03 Aug 2026Regulation FD disclosure · Financial statements and exhibits
- Current report30 Jul 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report01 Jun 2026Shareholder vote
- Quarterly report06 May 2026
- Current report23 Apr 2026Results of operations · Regulation FD disclosure
- Proxy statement13 Apr 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / The Bancorp, Inc. · 25 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / The Bancorp, Inc. · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / The Bancorp, Inc. · 30 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.