Bancorp, Inc.
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 10, 2025
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THE BANCORP, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 23-3016517 |
|---|---|
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |
| 409 Silverside Road, Wilmington, DE 19809 | (302) 385-5000 |
| (Address of principal executive offices and zip code) | (Registrant's telephone number, including area code) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of each Exchange on Which Registered |
|---|---|---|
| Common Stock, par value $1.00 per share | TBBK | Nasdaq Global Select |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x Noo
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x Noo
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer x | Accelerated filer o | Non-accelerated filer o |
|---|---|---|
| Smaller reporting company o | Emerging growth company o |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yeso Nox
As of October 27, 2025, there were 43,917,627 outstanding shares of common stock, $1.00 par value.
THE BANCORP, INC.
Form 10-Q Index
| Page | ||
|---|---|---|
| Part I Financial Information | ||
| Item 1. | Financial Statements | 3 |
| Consolidated Balance Sheets – September 30, 2025 (unaudited) and December 31, 2024 | 3 | |
| Unaudited Consolidated Statements of Operations – Three and nine months ended September 30, 2025 and 2024 | 4 | |
| Unaudited Consolidated Statements of Comprehensive Income – Three and nine months ended September 30, 2025 and 2024 | 5 | |
| Unaudited Consolidated Statements of Changes in Shareholders’ Equity – Three and nine months ended September 30, 2025 and 2024 | 6 | |
| Unaudited Consolidated Statements of Cash Flows – Nine months ended September 30, 2025 and 2024 | 8 | |
| Notes to Unaudited Consolidated Financial Statements | 9 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 38 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 69 |
| Item 4. | Controls and Procedures | 69 |
| Part II Other Information | ||
| Item 1. | Legal Proceedings | 71 |
| Item 1A. | Risk Factors | 71 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 71 |
| Item 5. | Other Information | 71 |
| Item 6. | Exhibits | 72 |
| Signatures | 73 | |
PART I – FINANCIAL INFORMATION
Item 1. Financial Statement
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