TBBK

EX-99.1

2 a20261029-exx991.htm

EX-99.1

Document

Exhibit 99.1

THE BANCORP REPORTS 3Q 2026 EPS OF $1.53, ROA OF 2.51%, AND ROE OF 36.0%

POWERED BY CONTINUOUS AND SUSTAINED GROWTH IN FINTECH FEES

Wilmington, DE – October 29, 2026 – The Bancorp, Inc. (NASDAQ: TBBK) (the “Company” or “we” or “our”), a financial holding company, today reported its financial results for the third quarter of 2026, reporting net income of $62.8 million and $1.53 per diluted share for the quarter, reflecting diluted EPS growth of 29.7% from the third quarter of 2025.

“It was a very eventful quarter for The Bancorp,” said Damian Kozlowski, CEO of The Bancorp, Inc. “We continued with strong momentum in Fintech and took actions to support future growth and increasing productivity and efficiency. I remain confident that we are well positioned to maintain our market-leading profitability and competitive position, while we continue to build and enhance our one-of-a-kind fintech ecosystem and franchise. We are maintaining Core EPS(1) guidance in the range of $5.95 - $6.05 a share for 2026(2), and providing a Core EPS(1) baseline range of $7.00 - $7.20 a share for 2027. In addition, we are initiating preliminary Core EPS(1) guidance for 2028 of $8.00 - $8.20 a share. Our guidance in 2026, 2027 and 2028 includes stock buybacks. We expect to repurchase $200 million of shares in 2026, or $50 million a quarter. We are currently targeting buyback amounts for 2027 through Q1 2028 to be approximately 100% of Adjusted net income(1). We expect our three major Fintech initiatives along with platform efficiency and productivity gains from our organizational restructuring and adoption of AI tools, plus capital return through continued buybacks, will be the driving forces behind EPS accretion. EPS gains are subject to development and implementation timelines in Fintech, and our stock price for buybacks.”

Selected GAAP financial results and metrics are as follows:

(Dollars in thousands except where noted and per share data)3Q 20262Q 20263Q 2025

Results of Operations:

Net income$62,780 $60,656 $54,927

Net income per share - diluted$1.53 $1.45 $1.18

Weighted average shares - diluted41,149,49041,794,16046,518,125

Net interest income$90,067 $90,466 $94,197

Provision (reversal) for credit losses on non-fintech loans$655 $365 $5,755

Non-interest income - total fintech fees$41,819 $40,894 $35,083

Total non-interest expense$63,529 $56,476 $56,404

Income tax expense$8,944 $20,285 $18,228

Key Performance Metrics:

Return on assets(3) 2.51%2.51%2.50%

Return on equity(3) 36.0%34.7%26.6%

Net interest margin3.75%3.85%4.45%

Book value per share (as of period end)$16.83 $17.19 $17.48

Volume:

Average loan portfolio (in millions)$7,908 $7,629 $6,689

Average assets (in millions)$9,916 $9,704 $8,720

Average deposits (in millions)$8,419 $8,414 $7,625

Gross dollar volume (GDV) of prepaid, debit and credit cards (in millions)(4) $54,328 $53,453 $44,038

(1)Adjusted net income and Core earnings per share (EPS) are financial measures that are not in accordance with U.S. generally accepted accounting principles (GAAP). The Company is not able to reconcile the forward-looking non-GAAP estimates set forth above to their most comparable GAAP estimates without unreasonable efforts because we are unable to predict, forecast or determine the probable significance of the items impacting these estimates with a reasonable degree of accuracy. See “Non-GAAP Financial Measures” section at the end of the document for a description of these measures.

1

(2)The 2026 guidance discussed in 2Q 2026 on a GAAP basis is consistent with the Core EPS range that would have been provided at that time.

(3)Annualized

(4)Represents the total dollar amount spent on prepaid, debit and credit cards issued by The Bancorp Bank, N.A.

GAAP results presented above are impacted by certain items that are excluded from Core results. Below is a summary of those items:

(in thousands, except per share amounts)3Q 20262Q 20263Q 2025

Total Per share

(after tax)(1) Total Per share

(after tax)(1) Total Per share

(after tax)(1)

Restructuring costs$4,276 (2) $0.08 $— $— $— $—

Legal settlement1,900 (2) 0.04 — — — —

Income tax expense (benefit) - Tax credits recognized related to prior periods(7,284)(0.18)— — — —

(1)See “Non-GAAP Financial Measures” section at the end of the document for a detailed description of these metrics and a reconciliation to the closest equivalent GAAP metric.

(2)Pre-tax

Non-interest expense for 3Q 2026 includes $4.3 million of costs related to the restructuring of our Small Business Lending business line and other departmental reductions, and $1.9 million related to an accrual for the estimated cost of a legal settlement.

In 3Q 2026, as part of our tax strategies, we purchased transferable tax credits to reduce our cash tax obligation for 2026 and certain eligible prior years. Our 3Q 2026 income tax expense includes $10.3 mi

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