The Bancorp
Powers fintech programs and funds specialized lending with partner-generated deposits.
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Profile
Provides card sponsorship, payments, deposits, and sponsored lending through fintech partners, earning fees and using partner-generated deposits to fund specialized credit. The lending portfolio covers multifamily bridge loans, wealth-management credit, small-business loans, and vehicle and equipment leasing, while the branchless model depends on partners and bank regulation.
Provides bank-charter infrastructure to U.S. fintech and payments partners through program sponsorship, card issuing, ACH and real-time payments, and sponsored lending. Partner programs generate fees and transaction deposits, which fund fintech loans and the broader Credit Solutions portfolio.
Credit Solutions spans real estate bridge loans for multifamily rehabilitation, securities- and insurance-backed credit for wealth-management clients, advisor financing, Small Business Administration lending, and vehicle and equipment leasing. A customizable platform and regulatory-compliance infrastructure support national partner distribution without a traditional branch franchise. The model depends on partner relationships, payment-network rules, federal bank oversight, third-party service providers, and managing year-end assets below the Durbin Amendment threshold for small-issuer interchange exemptions.
Company facts
Categories
Key statistics
Year to date −2.9% · Average volume (30d) 364.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | Raymond James | Target | $82 | $88 | ||
| Aug 3, 2026 | Piper Sandler | Reiterate | Overweight | $60 | $86 | |
| Jul 31, 2026 | Raymond James | Reiterate | Strong Buy | $76 | $82 | |
| Jul 9, 2026 | Keefe, Bruyette & Woods | Upgrade | Market Perform | Outperform | ||
| Feb 9, 2026 | Wolfe Research | Target | $57 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $1.36 | $1.45 | +6.6% | $166.7M | $137.7M | −17.4% | −4.16% |
| Apr 23, 2026Q1 FY26 | $1.34 | $1.41 | +5.2% | $189.3M | $161.3M | −14.8% | −4.23% |
| Jan 29, 2026Q4 FY25 | $1.46 | $1.28 | −12.3% | $164.1M | $172.6M | +5.2% | −15.72% |
| Oct 23, 2025Q3 FY25 | $1.33 | $1.18 | −11.3% | $162.3M | $174.6M | +7.6% | +4.18% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $223.4M | $226.9M | $216.8M | $169.8M | $165.3M | $205.2M | |
| Gross profit | $128.5M | $136.9M | $129.6M | $128.4M | $137.7M | $137.4M | |
| Operating income | $75.2M | $79.6M | $73.2M | $75.0M | $78.7M | $80.9M | |
| Net income | $57.2M | $59.8M | $54.9M | $56.3M | $60.1M | $60.7M | |
| Diluted EPS | $1.19 | $1.27 | $1.18 | $1.28 | $1.41 | $1.45 | |
| Gross margin | 57.5% | 60.3% | 59.8% | 75.6% | 83.3% | 67.0% | |
| Operating margin | 33.7% | 35.1% | 33.7% | 44.2% | 47.6% | 39.5% |
Fiscal years (4-quarter sums)FY21 $326.9M · FY22 $410.5M · FY23 $611.7M · FY24 $698.7M · FY25 $837.0M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.62B · Total debt $958.3M · Total assets $9.22B · Shareholders' equity $705.4M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 41.63M · Float 39.23M · 94.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.06M | 14.55% | 13F | Aug 7, 2026 |
| American Century Companies Inc | 3.59M | 8.62% | 13F | Aug 12, 2026 |
| State Street Corp | 2.70M | 6.49% | 13F | Aug 7, 2026 |
| Vanguard Capital Management | 2.08M | 5.00% | 13G | Jul 31, 2026 |
| Geode Capital Management, LLC | 1.39M | 3.34% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 6, 2026 | Martin Egan | officer: Chief Accounting Officer | −3,057 | $72.03 |
| May 1, 2026 | Matthew Cohn | director | +2,250 | $59.60 |
| May 4, 2026 | Matthew Cohn | director | +250 | $58.77 |
| Apr 28, 2026 | Maria Wainwright | officer: EVP & Chief Marketing Officer | −8,400 | $60.24 |
| Apr 29, 2026 | Erika R. Caesar | officer: EVP and General Counsel | −4,470 | $60.28 |
Peers
- Pathward Financial
Direct sponsor-bank peer in prepaid, payments, and partner solutions
- Coastal Financial
Banking-as-a-service peer through CCBX partner banking
- Green Dot
Prepaid, debit, embedded-finance, and BaaS overlap
- Live Oak Bancshares
SBA and small-business lending overlap
- NewtekOne
Small-business lending and payments overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The Bancorp | $65.70 | −0.05% | $2.74B | 12.3 | 9.5 | 3.6 | −24.0% |
| Pathward Financial | $81.50 | +0.12% | $1.72B | 10.2 | 8.7 | 2.1 | −3.1% |
| Coastal Financial | $48.48 | +0.23% | $739.3M | — | 10.0 | 0.9 | +54.6% |
| Green Dot | $13.34 | −0.07% | $756.1M | — | 8.3 | 0.3 | +17.3% |
| Live Oak Bancshares | $40.13 | −0.04% | $1.86B | 14.1 | 11.1 | 1.7 | +10.0% |
| NewtekOne | $11.92 | +0.17% | $344.1M | 5.0 | 5.3 | 1.0 | −15.0% |
| Median | 10.2 | 8.7 | 1.0 | +10.0% |