← Bancorp, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total interest income | $102.2m |
$122.0m
+19.37%
|
$148.0m
+21.26%
|
$179.6m
+21.36%
|
$210.8m
+17.38%
|
$222.1m
+5.38%
|
$308.3m
+38.80%
|
$509.5m
+65.27%
|
$551.6m
+8.26%
|
$551.4m
-0.04%
|
|
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | $7.5m | — | — | $116.8m | $141.1m | |
| Total non-interest income | $42.5m | $91.5m | $153.8m | $104.1m | $84.6m | $104.7m | $105.7m | $112.1m | $146.5m | $328.3m | |
| Cost of Revenue | $1.0m |
$170k
-83.72%
|
$117k
-31.18%
|
$81k
-30.77%
|
— | — | — | — | — | — | |
| Net interest income | $90.0m |
$106.7m
+18.58%
|
$120.8m
+13.28%
|
$141.3m
+16.91%
|
$194.9m
+37.92%
|
$210.9m
+8.22%
|
$248.8m
+18.00%
|
$354.1m
+42.28%
|
$376.2m
+6.27%
|
$375.5m
-0.19%
|
|
| Net interest income after provision (reversal) for credit losses | $86.6m |
$103.8m
+19.81%
|
$117.3m
+13.01%
|
$136.9m
+16.73%
|
$188.5m
+37.71%
|
$207.8m
+10.21%
|
$241.7m
+16.35%
|
$335.7m
+38.88%
|
$348.9m
+3.92%
|
$197.8m
-43.30%
|
|
| Interest Income (Expense), Net | $90.0m |
$106.7m
+18.58%
|
$120.8m
+13.28%
|
$141.3m
+16.91%
|
$194.9m
+37.92%
|
$210.9m
+8.22%
|
$248.8m
+18.00%
|
$354.1m
+42.28%
|
$376.2m
+6.27%
|
$375.5m
-0.19%
|
|
| Labor and Related Expense | $82.0m | $75.8m | $79.8m | $94.3m | $101.7m | $106.0m | $105.4m | $121.1m | $131.6m | $142.6m | |
| Salaries and employee benefits | $82.0m | $75.8m | $79.8m | $94.3m | $101.7m | $106.0m | $105.4m | $121.1m | $131.6m | $142.6m | |
| Amortization of Intangible Assets | $1.4m | $1.5m | $1.5m | $1.5m | $556k | $398k | $398k | $398k | — | — | |
| Operating Lease, Expense | — | — | — | — | — | $3.6m | $3.7m | $4.3m | $5.4m | $5.1m | |
| Noninterest expense: | |||||||||||
| Total non-interest expense | $198.6m | $154.9m | $151.3m | $168.5m | $164.8m | $168.3m | $169.5m | $191.0m | $203.2m | $223.1m | |
| Interest expense: | |||||||||||
| Interest Expense, Securities Sold under Agreements to Repurchase | $2k | — | — | — | — | — | — | — | — | — | |
| Total interest expense | $12.3m | $15.3m | $27.1m | $38.3m | $15.9m | $11.2m | $59.5m | $155.5m | $175.4m | $175.9m | |
| Debt and Equity Securities, Gain (Loss) | — | — | $41k | — | — | ($7k) | ($6k) | ($4k) | ($2k) | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | $3.1m | $1.8m | $979k | $963k | ($3.6m) | ($285k) | ($6.1m) | ($3.1m) | ($683k) | — | |
| Gain (Loss) Related to Litigation Settlement | — | ($2.3m) | $290k | ($8.9m) | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | $72.5m | $108.3m | $144.2m | $177.9m | $256.8m | $292.2m | $303.0m | |
| Current Income Tax Expense (Benefit) | $1.7m | $2.3m | $16.4m | $19.6m | $29.0m | $32.3m | $41.8m | $70.2m | $72.3m | $84.1m | |
| Income tax expense | ($12.7m) | $23.1m | $354k | $219k | ($3.3m) | $76k | $47.7m | $64.5m | $74.6m | $74.8m | |
| Income Tax Expense (Benefit) | ($12.7m) | $23.1m | $32.2m | $21.2m | $27.7m | $33.7m | $47.7m | $64.5m | $74.6m | $74.8m | |
| Net Income (Loss) Attributable to Parent | ($96.5m) |
$21.7m
+122.46%
|
$88.7m
+309.16%
|
$51.6m
-41.86%
|
$80.1m
+55.32%
|
$110.7m
+38.17%
|
$130.2m
+17.68%
|
$192.3m
+47.68%
|
$217.5m
+13.13%
|
$228.2m
+4.91%
|
|
| Earnings Per Share, Basic | ($2.17) | $0.39 | $1.57 | $0.91 | $1.39 | $1.93 | $2.30 | $3.52 | $4.35 | $4.99 | |
| Earnings Per Share, Diluted | ($2.17) | $0.39 | $1.55 | $0.90 | $1.37 | $1.88 | $2.27 | $3.49 | $4.29 | $4.92 | |
| Income (Loss) from Continuing Operations, Per Basic Share | ($1) | $0 | $2 | $1 | $1 | $2 | $2 | $4 | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | ($1) | $0 | $2 | $1 | $1 | $2 | $2 | $3 | — | — | |
| Weighted Average Number of Shares Outstanding, Basic | 44.6m | 55.7m | 56.3m | 56.8m | 57.5m | 57.2m | 56.6m | 54.5m | 50.1m | 45.8m | |
| Weighted average shares - basic | $44.6m | $55.7m | $56.3m | $56.8m | $57.5m | $57.2m | $56.6m | $54.5m | $50.1m | $45.8m | |
| Weighted average shares - diluted | $44.6m | $56.2m | $57.1m | $57.3m | $58.4m | $58.8m | $57.3m | $55.1m | $50.7m | $46.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | 44.6m | 56.2m | 57.1m | 57.3m | 58.4m | 58.8m | 57.3m | 55.1m | 50.7m | 46.4m | |
| Additional Financial Items | |||||||||||
| Depreciation, Depletion and Amortization, Nonproduction | $5.0m | $4.5m | $4.0m | $3.7m | $3.2m | $2.9m | $2.9m | $3.1m | $4.2m | $4.7m | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | — | $8.3m | $38.4m | $178.3m | |
| Loans, including fees | $67.6m | $79.1m | $95.3m | $127.1m | $171.0m | $192.6m | $275.8m | $436.6m | $458.8m | $448.0m | |
| Taxable interest | $31.2m | $36.1m | $42.0m | $42.3m | $37.8m | $28.7m | $25.6m | $39.1m | $66.3m | $76.0m | |
| Tax-exempt interest | $740k | $306k | $207k | $170k | $115k | $103k | $98k | $153k | $187k | $387k | |
| Interest-earning deposits | $2.2m | $5.2m | $8.7m | $10.0m | $1.9m | $715k | $6.8m | $33.6m | $26.3m | $26.9m | |
| Deposits | $11.4m | $14.4m | $25.9m | $34.4m | $13.3m | $5.6m | $51.1m | $148.5m | $164.4m | $162.8m | |
| Short-term borrowings | $359k | $336k | $451k | $3.1m | $198k | $49k | $1.5m | $271k | $2.5m | $2.5m | |
| Long-term borrowings | — | — | — | — | $1.9m | $5.1m | $1.0m | $507k | $2.4m | $784k | |
| Senior debt | — | — | — | — | $1.9m | $5.1m | $5.1m | $5.0m | $4.9m | $8.8m | |
| Subordinated debentures | $520k | $586k | $714k | $750k | $524k | $449k | $658k | $1.1m | $1.2m | $1.0m | |
| Provision for credit losses on non-fintech loans | — | — | — | — | — | — | — | $8.5m | $9.3m | $9.0m | |
| Provision for credit losses on fintech loans | — | — | — | — | — | — | — | — | $30.7m | $169.3m | |
| Provision reversal for unfunded commitments | — | — | — | — | — | — | $1.4m | ($135k) | ($596k) | ($582k) | |
| Provision (reversal) for credit loss on security | — | — | — | — | — | — | — | $10.0m | ($1.0m) | — | |
| Provision for credit losses, total | — | — | — | — | — | — | — | $18.3m | $38.4m | $177.7m | |
| Net realized and unrealized gains on commercial loans, at fair value | $2.9m | $17.9m | $20.5m | $24.1m | ($3.9m) | $14.9m | $13.5m | $3.7m | $2.7m | $1.8m | |
| Leasing related income | $2.0m | $2.7m | $3.1m | $3.2m | $3.3m | $6.5m | $4.8m | $6.3m | $3.9m | $7.1m | |
| Fintech loan credit enhancement | — | — | — | — | — | — | — | — | $30.7m | $169.3m | |
| Other | $17.4m | $13.5m | $13.3m | $12.9m | $12.7m | $12.5m | $14.7m | $19.1m | $20.4m | $20.6m | |
| Rent and related occupancy cost | $6.3m | $5.7m | $5.5m | $6.6m | $5.5m | $5.0m | $5.2m | $6.0m | $6.7m | $6.5m | |
| Data processing expense | $14.7m | $10.2m | $6.2m | $4.9m | $4.7m | $4.7m | $5.0m | $5.4m | $5.7m | $5.0m | |
| Audit expense | $1.1m | $1.7m | $2.0m | $1.8m | $1.1m | $1.5m | $1.5m | $1.6m | $1.5m | $2.5m | |
| Legal expense | $6.7m | $8.1m | $7.8m | $5.3m | $5.1m | $6.8m | $3.9m | $3.9m | $3.1m | $6.7m | |
| Legal settlements | — | — | — | — | — | — | $1.2m | — | $284k | $2.0m | |
| FDIC Insurance | $10.1m | $10.1m | $8.8m | $7.0m | $9.8m | $5.6m | $3.3m | $3.0m | $3.6m | $4.5m | |
| Software | $11.2m | $12.6m | $13.3m | $12.7m | $14.0m | $15.7m | $16.2m | $17.3m | $17.9m | $20.5m | |
| Insurance | $2.3m | $2.3m | $2.6m | $2.5m | $2.8m | $3.9m | $5.0m | $5.1m | $5.2m | $4.8m | |
| Telecom and IT network communications | $2.0m | $1.8m | $1.4m | $1.5m | $1.6m | $1.6m | $1.5m | $1.3m | $1.2m | $1.2m | |
| Consulting | $5.4m | $2.2m | $3.2m | $3.2m | $1.4m | $1.4m | $1.3m | $1.9m | $1.9m | $1.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($56.8m) | $17.3m | $87.5m | $51.3m | $80.6m | $110.4m | $130.2m | $192.3m | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($39.7m) | $4.3m | $1.1m | $291k | ($512k) | $212k | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($39.7m) | $4.3m | $1.1m | $291k | ($512k) | $212k | — | — | — | — | |
| Total fintech fees | $10.7m | $13.1m | $12.3m | $9.5m | $7.1m | $7.5m | $86.2m | $99.2m | $116.8m | $141.1m |