The Bancorp, Inc. (TBBK): Business Model Canvas [Jan-2025 Mis à jour]

Dans le paysage dynamique de la banque numérique, la Bancorp, Inc. (TBBK) apparaît comme une puissance financière pionnière, naviguant stratégiquement à l'intersection de la technologie et des services bancaires spécialisés. En tirant parti des plateformes numériques innovantes, des partenariats stratégiques et une approche axée sur le laser sur les marchés financiers de niche, le Bancorp a conçu un modèle commercial unique qui transforme les paradigmes bancaires traditionnels. Cette exploration de leur toile de modèle commercial révèle un récit convaincant d'agilité technologique, de solutions centrées sur le client et de stratégies financières adaptatives qui positionnent l'entreprise à l'avant-garde de l'innovation bancaire moderne.

The Bancorp, Inc. (TBBK) - Modèle d'entreprise: partenariats clés

Partenariats stratégiques avec les entreprises fintech

Le Bancorp a établi des partenariats stratégiques avec plusieurs sociétés fintech, notamment:

Partenaire fintech	Focus de partenariat	Année établie
Paypal	Services bancaires numériques	2018
Carillon	Plateforme de banque mobile	2013
Glands	Plateforme d'investissement et d'épargne	2014

Collaboration avec les processeurs de paiement

Le Bancorp maintient des partenariats critiques avec les principaux processeurs de paiement:

• Visa - Traitement des transactions
• MasterCard - Intégration du réseau de paiement
• First Data Corporation - Services de technologie de paiement

Relations avec les plates-formes bancaires numériques

Les partenariats de plate-forme bancaire numérique comprennent:

Plate-forme	Services fournis	Valeur de partenariat
Bande	Traitement des paiements en ligne	Volume de transaction annuel de 125 millions de dollars
Carré	Solutions bancaires d'entreprise	87 millions de dollars de services marchands

Alliances avec des fournisseurs de services technologiques

Partenariats des fournisseurs de services technologiques:

• FIS Global - Core Banking Technology
• Jack Henry & Associés - Solutions de logiciels bancaires
• Fiserv - Infrastructure bancaire numérique

The Bancorp, Inc. (TBBK) - Modèle d'entreprise: Activités clés

Fournir des services bancaires spécialisés

En 2024, le Bancorp fournit des services bancaires spécialisés sur plusieurs segments:

Segment de service	Volume total des transactions	Revenus annuels
Solutions de paiement	87,3 milliards de dollars	342 millions de dollars
Banque commerciale	45,6 milliards de dollars	218 millions de dollars

Développer des solutions bancaires numériques

Les métriques de la plate-forme bancaire numérique comprennent:

• Utilisateurs des banques mobiles: 1,2 million
• Volume de transaction numérique: 62,7 milliards de dollars
• Plateforme bancaire en ligne de disponibilité: 99,97%

Gérer les programmes de carte privée et de cartes prépayées

Type de programme de cartes	Total des cartes émises	Valeur de transaction annuelle
Cartes de marque privée	3,4 millions	26,5 milliards de dollars
Cartes prépayées	2,1 millions	18,9 milliards de dollars

Offrir des services bancaires et de prêts commerciaux

Détails du portefeuille bancaire commercial:

• Portfolio total de prêts commerciaux: 4,2 milliards de dollars
• Taille moyenne du prêt: 1,3 million de dollars
• Taux de croissance des prêts commerciaux: 7,6%

Soutenir les plateformes de technologie financière innovante

Performance de la plate-forme de technologie financière:

Catégorie de plate-forme	Clients totaux de plate-forme	Revenus de plate-forme annuelle
Partenariats fintech	287	156 millions de dollars
Services d'intégration de paiement	412	214 millions de dollars

The Bancorp, Inc. (TBBK) - Modèle d'entreprise: Ressources clés

Infrastructure bancaire numérique avancée

Au quatrième trimestre 2023, le Bancorp maintient 7,3 milliards de dollars d'actifs totaux et exploite une plate-forme bancaire numérique sophistiquée. L'infrastructure technologique de la banque soutient:

• Capacités de traitement des paiements en temps réel
• Systèmes bancaires basés sur le cloud
• Interfaces bancaires numériques multicanaux

Composant d'infrastructure	Spécifications techniques	Investissement annuel
Système bancaire de base	Plate-forme cloud propriétaire	12,5 millions de dollars
Infrastructure de cybersécurité	Technologies de chiffrement avancées	8,3 millions de dollars
Systèmes de transaction numérique	Réseau de traitement en temps réel	6,7 millions de dollars

Équipe de technologie financière expérimentée

Le Bancorp emploie 571 professionnels de la technologie à temps plein en décembre 2023, avec un mandat moyen de 6,2 ans dans des rôles de technologie financière.

Segment d'équipe	Nombre de professionnels	Expérience moyenne
Génie logiciel	187	7,5 ans
Cybersécurité	92	8,3 ans
Développement bancaire numérique	146	5,9 ans

Systèmes de conformité et de gestion des risques robustes

Le Bancorp alloue 15,2 millions de dollars par an à l'infrastructure de la conformité et de la gestion des risques, en maintenant des systèmes de surveillance réglementaires complets.

De fortes relations réglementaires

Mesures de conformité réglementaire pour le Bancorp en 2023:

• Note de conformité de la Banque fédérale sur la Réserve: satisfaisant
• Score d'examen réglementaire de la FDIC: 1 (note la plus élevée)
• Vérification de la conformité OCC: Compliance complète

Plateformes de technologie bancaire propriétaire

Répartition des investissements de la plate-forme technologique pour 2023:

Plate-forme	Coût de développement	Maintenance annuelle
Plateforme de traitement des paiements	9,6 millions de dollars	3,2 millions de dollars
Technologie du portefeuille numérique	7,4 millions de dollars	2,5 millions de dollars
Intégration bancaire API	6,8 millions de dollars	2,1 millions de dollars

The Bancorp, Inc. (TBBK) - Modèle d'entreprise: propositions de valeur

Solutions financières sur mesure pour les marchés de niche

Le Bancorp sert des segments de marché spécialisés avec des services financiers ciblés:

Segment de marché	Les actifs totaux servis	Revenus annuels
Payments	7,2 milliards de dollars	489 millions de dollars
Banque numérique	3,8 milliards de dollars	267 millions de dollars
Partenariats fintech	5,6 milliards de dollars	412 millions de dollars

Expériences bancaires numériques innovantes

Les capacités bancaires numériques comprennent:

• Traitement des transactions en temps réel
• Intégration des banques mobiles
• Services financiers axés sur l'API
• Solutions de paiement compatibles avec la blockchain

Services financiers flexibles et évolutifs

Mesures d'évolutivité du service:

Catégorie de service	Volume de transaction	Taux de croissance
Banque d'affaires	2,4 millions de transactions	14.3%
Services marchands	1,9 million de transactions	16.7%

Traitement de paiement rapide et efficace

Capacités de traitement des paiements:

• Temps de transaction moyen: 2,3 secondes
• Volume de transaction annuel: 487 millions
• Valeur totale de paiement: 129,6 milliards de dollars

Support bancaire spécialisé pour les entreprises

Métriques de soutien aux services bancaires d'entreprise:

Catégorie de support	Nombre de clients commerciaux	Volume de soutien annuel
Banque des petites entreprises	47 200 clients	862 000 interactions
Banque d'entreprise	3 600 clients	214 000 interactions

The Bancorp, Inc. (TBBK) - Modèle d'entreprise: relations avec les clients

Plates-formes de libre-service numériques

Le Bancorp fournit des plateformes bancaires numériques avec les mesures clés suivantes:

Fonctionnalité de plate-forme	Métriques d'engagement des utilisateurs
Utilisateurs de la banque en ligne	87 342 utilisateurs actifs au T4 2023
Téléchargements d'applications bancaires mobiles	53 216 téléchargements totaux en 2023
Volume de transaction numérique	2,3 milliards de dollars traités en 2023

Support client personnalisé

Les canaux de support client comprennent:

• Centre d'appels de service client 24/7
• Temps de réponse moyen: 3,2 minutes
• Évaluation de satisfaction du client: 4.6 / 5

Gestion des relations dédiées

Segments de gestion des relations:

Segment	Nombre de gestionnaires dédiés	Portefeuille de clients moyens
Banque commerciale	42 gestionnaires de relations	87,5 millions de dollars par manager
Banque privée	23 gestionnaires de relations	45,3 millions de dollars par manager

Interfaces bancaires en ligne et mobiles

Capacités de plate-forme numérique:

• Fonctionnalités d'application mobile:
  • Surveillance des transactions en temps réel
  • Dépôt de chèques mobiles
  • Transferts de fonds instantanés

Stratégies de communication proactives

Métriques de communication:

Canal de communication	Fréquence	Taux d'engagement
Communications par e-mail	Newsletters mensuels	Taux d'ouverture de 42%
Alertes SMS	Notifications de transaction	Taux d'engagement de 67%
Informations financières personnalisées	Rapports trimestriels	Taux d'interaction de 35%

The Bancorp, Inc. (TBBK) - Modèle d'entreprise: canaux

Applications bancaires mobiles

Le Bancorp propose des applications bancaires mobiles avec les mesures clés suivantes:

Téléchargements d'applications mobiles	Plus de 500 000 utilisateurs actifs
Volume de transaction mobile	2,3 milliards de dollars au quatrième trimestre 2023
Plates-formes d'applications mobiles	iOS et Android

Plateformes bancaires en ligne

Les canaux bancaires numériques comprennent:

• Plate-forme Web avec accès 24/7
• Gestion de compte en ligne sécurisée
• Surveillance des transactions en temps réel

Utilisateurs de la banque en ligne	275 000 en décembre 2023
Volume de transaction en ligne	4,7 milliards de dollars par an

Équipes de vente directes

Le Bancorp maintient des canaux de vente spécialisés:

Représentants des ventes totales	87 professionnels des ventes directes
Couverture des ventes	33 États aux États-Unis
Coût moyen d'acquisition du client	425 $ par nouveau compte commercial

Canaux de marketing numérique

Les stratégies de marketing numérique comprennent:

• Publicité ciblée sur les réseaux sociaux
• Marketing des moteurs de recherche
• Envoyer des campagnes de marketing par e-mail

Budget de marketing numérique	3,2 millions de dollars en 2023
Taux de conversion	2,7% des canaux numériques

Distribution du réseau partenaire

Canaux de distribution des partenaires:

Partenaires stratégiques totaux	42 entreprises technologiques financières
Part des revenus des partenaires	15-25% de la valeur de la transaction
Réseau de partenaire Reach	Plus de 1 200 services financiers intégrés

The Bancorp, Inc. (TBBK) - Modèle d'entreprise: segments de clientèle

FinTech Companies

Le Bancorp dessert environ plus de 250 partenaires fintech à partir de 2024, fournissant des solutions bancaires en tant que service.

Caractéristique du segment	Données quantitatives
Partenariats totaux de fintech	Plus de 250 partenariats actifs
Volume de transaction annuel	78,3 milliards de dollars de transactions traitées

Petites et moyennes entreprises

Le Bancorp prend en charge environ 15 000 petites et moyennes entreprises avec des services financiers spécialisés.

• Comptes bancaires d'entreprise: 12 500
• Solde moyen du compte: 425 000 $
• Services de prêt: 340 millions de dollars en prêts PME en cours

Consommateurs bancaires numériques

Le segment des consommateurs numériques représente 68% de la clientèle totale du Bancorp.

Métriques bancaires numériques	2024 statistiques
Total des utilisateurs numériques	475 000 comptes actifs
Pénétration des services bancaires mobiles	92% des consommateurs numériques

Entreprises de traitement des paiements

Le Bancorp traite 112,6 milliards de dollars de transactions de paiement annuelles pour les clients commerciaux.

• Partenariats de passerelle de paiement: 180+
• Volume moyen de traitement des transactions: 9,4 millions de dollars par client
• Paiement vertical desservis: 12 segments de l'industrie différents

Marchés de services financiers spécialisés

Les marchés spécialisés représentent 22% de la source de revenus totale du Bancorp.

Segment de marché	Contribution des revenus
Services de paie	76,5 millions de dollars
Programmes de cartes prépayées	54,2 millions de dollars
Services marchands	89,7 millions de dollars

The Bancorp, Inc. (TBBK) - Modèle d'entreprise: Structure des coûts

Investissements infrastructures technologiques

Pour l'exercice 2023, le Bancorp, Inc. a rapporté des investissements en infrastructure technologique totalisant 37,4 millions de dollars. Cela représente une augmentation de 6,2% par rapport aux dépenses technologiques de l'année précédente.

Catégorie d'investissement technologique	Dépenses annuelles ($)
Systèmes bancaires de base	15,6 millions
Infrastructure de cybersécurité	8,9 millions
Solutions de cloud computing	6,7 millions
Plateformes bancaires numériques	6,2 millions

Compliance et dépenses réglementaires

Les frais de conformité pour Bancorp, Inc. en 2023 s'élevaient à 22,1 millions de dollars, avec une ventilation comme suit:

• Représentation réglementaire: 8,3 millions de dollars
• Conformité juridique: 6,7 millions de dollars
• Gestion des risques: 4,5 millions de dollars
• Systèmes anti-blanchiment de l'argent: 2,6 millions de dollars

Maintenance de plate-forme numérique

Les dépenses de maintenance des plateformes numériques pour 2023 ont été calculées à 12,5 millions de dollars, ce qui représente 3,4% du total des coûts opérationnels.

Composant de plate-forme numérique	Coût de maintenance ($)
Application bancaire mobile	4,2 millions
Portail bancaire en ligne	3,8 millions
Intégration API	2,5 millions
Mises à jour du système et correctifs	2,0 millions

Acquisition et rétention de talents

Le Bancorp, Inc. a investi 18,6 millions de dollars dans la gestion des talents pour 2023, avec l'allocation suivante:

• Coûts de recrutement: 5,4 millions de dollars
• Formation des employés: 4,2 millions de dollars
• Compensation et avantages sociaux: 9,0 millions de dollars

Coûts de marketing et d'acquisition des clients

Les dépenses de marketing pour 2023 ont totalisé 14,3 millions de dollars, distribuées sur divers canaux:

Canal de marketing	Dépenses ($)
Marketing numérique	6,7 millions
Publicité traditionnelle	3,9 millions
Marketing de contenu	2,1 millions
Programmes de référence client	1,6 million

The Bancorp, Inc. (TBBK) - Modèle d'entreprise: Strots de revenus

Frais de transaction

En 2023, le Bancorp a déclaré des revenus de frais de transaction de 282,4 millions de dollars, ce qui représente une augmentation de 7,3% par rapport à l'année précédente.

Source de revenus	2023 Montant ($ m)	Croissance d'une année à l'autre
Frais de traitement des paiements	164.7	6.2%
Frais de transaction ACH	67.3	8.5%
Frais de transfert de fil	50.4	7.1%

Intérêts de bénéfices des prêts

Le revenu total des intérêts pour 2023 était de 456,2 millions de dollars, avec des segments clés, notamment:

• Prêts commerciaux: 276,3 millions de dollars
• Prêts aux petites entreprises: 89,7 millions de dollars
• Prêts aux consommateurs: 90,2 millions de dollars

Frais de service bancaire numérique

Les frais de service bancaire numérique ont généré 97,6 millions de dollars de revenus pour 2023, avec une augmentation de 9,4% par rapport à 2022.

Programmes de cartes prépayées et de marque privée

Les revenus des programmes de cartes prépayés et de marque privée ont atteint 213,5 millions de dollars en 2023.

Type de programme de cartes	2023 Revenus ($ m)	Part de marché
Cartes prépayées	142.6	66.8%
Cartes de marque privée	70.9	33.2%

Licence de service technologique

Les revenus de licence de service technologique pour 2023 étaient de 45,3 millions de dollars, avec des accords de licence à travers:

• Plates-formes fintech
• Systèmes de traitement des paiements
• Infrastructure bancaire numérique

The Bancorp, Inc. (TBBK) - Canvas Business Model: Value Propositions

Regulated bank sponsor for non-bank financial products, offering the necessary infrastructure for partners to operate within banking regulations.

Seamless, white-label integration for fintechs, enabling partners to offer banking products under their own brand using The Bancorp Bank, N.A. as the regulated back-end.

Top U.S. issuer of prepaid cards, evidenced by the Gross Dollar Volume (GDV) processed through these solutions.

High-yield specialty lending products delivered through focused business lines.

Scalable platform supporting $44.04 billion GDV (Q3 2025) for the quarter ended September 30, 2025, which represented a 16% increase compared to the quarter ended September 30, 2024.

The scale of the platform is further reflected in key financial metrics for the third quarter of 2025:

• Net Income: $54.9 million
• Earnings Per Share (EPS): $1.18
• Total Revenue: $174.6 million
• Return on Equity (ROE): 27%
• Total Prepaid, Debit Card, ACH, and other payment fees: $30.6 million for Q3 2025

The specialty lending segment contributes significantly to the overall value proposition, with portfolio sizes as of Q3 2025:

Lending Category	Portfolio Size (Q3 2025)	Estimated Yield (9/30/2025)
Real Estate Bridge Lending	$2.2B	6.5%
Institutional Banking Loans	$1.9B	N/A
Small Business Loans	$1.1B	N/A
Consumer Fintech Lending	$0.8B	N/A

The Real Estate Bridge Lending portfolio balance at June 30, 2025, was $2.14 billion.

The Bancorp, Inc. is recognized as the #1 issuer of prepaid cards in the U.S..

The Bancorp, Inc. (TBBK) - Canvas Business Model: Customer Relationships

You're building a bank that powers other financial technology companies, so your customer relationships aren't with retail consumers; they are deep, embedded B2B engagements. The Bancorp, Inc. operates as a technology-enabled financial platform for non-bank firms, ranging from entrepreneurial startups to those on the Fortune 500. This requires a relationship structure built on trust and seamless integration.

Dedicated, high-touch B2B relationship management

The core of The Bancorp, Inc.'s customer relationship strategy is its focus on being a reliable bank sponsor for its partners. This high-touch approach is what allows them to maintain their position as the #1 issuer of prepaid cards in the U.S.. The success of this management style is quantified by the growth seen across their partner-driven metrics.

Consider the volume flowing through these relationships in the third quarter of 2025 alone:

Metric	Q3 2025 Value	Year-over-Year Growth
Gross Dollar Volume (GDV)	$44.04 billion	16%
Fintech Fees (Card, ACH, Payments)	$30.6 million	10%
Consumer Fintech Loans Balance	$785.0 million	180%

The growth in Consumer Fintech Loans, which reached $785.0 million at September 30, 2025, shows a massive 180% increase compared to the prior year, indicating deep integration and trust with lending partners.

Deep, long-term strategic partnership model

The Bancorp, Inc. views its clients as strategic partners, aiming to transform their banking needs into long-term, scalable products. This is not transactional business; it's about embedding their charter as a platform for others. This strategic depth is reflected in the company's strong financial performance, which underpins the perceived stability partners rely on. For the first half of 2025, the company reported a Return on Equity (ROE) of 29%. Furthermore, their efficiency ratio improved to 41% in the first half of 2025, down from 48% in 2022, showing operating leverage from this focused model.

The commitment to this model is evident in the consistent growth across quarters in 2025:

• Q1 2025 GDV: $44.65 billion, up 18%.
• Q2 2025 GDV: $43.65 billion, up 18%.
• Q3 2025 GDV: $44.04 billion, up 16%.

This sustained volume growth suggests existing partners are scaling their operations using The Bancorp, Inc.'s infrastructure. If onboarding takes 14+ days, churn risk rises, which is why speed in integration is key.

Automated self-service via API integration

While specific API call volumes for The Bancorp, Inc. aren't public, their business model is predicated on providing the technology infrastructure that enables fintechs to offer seamless digital experiences. In the broader financial services sector, over 80% of financial institutions are investing in API-driven strategies to enhance customer experiences. The Bancorp, Inc.'s success in growing Gross Dollar Volume (GDV) by 18% year-over-year in Q1 2025 suggests robust, automated data exchange is in place with their partners. API-first banking models are noted to cut time-to-market for new products by 39% in 2025, a benefit The Bancorp, Inc. must deliver to its clients.

Client-centric solutions for customized offerings

The Bancorp, Inc. explicitly states a 'Client-First Mindset' as a core value. This translates into providing the people, processes, and technology to meet unique banking needs, which is the essence of their private-label banking service. The Consumer Fintech Loans segment exploded, growing 871% to $680.5 million in Q2 2025. This massive growth in a specific lending product offered through partners demonstrates the ability to rapidly deploy and scale customized, client-centric financial solutions.

Partner-focused, non-competitive approach

The Bancorp, Inc. positions itself as a technology provider first, using its banking charter as a platform for others. They are dedicated to developing solutions that complement their partners' offerings, not compete with them. This focus is why they are recognized as a leading provider of Banking-as-a-Service (BaaS) solutions. The company maintains total assets around $8.6 billion as of Q3 2025, providing the necessary scale and stability for partners without directly entering their consumer-facing markets. This non-competitive stance is defintely a key relationship differentiator.

The Bancorp, Inc. (TBBK) - Canvas Business Model: Channels

You're looking at how The Bancorp, Inc. (TBBK) gets its services-the banking-as-a-service platform and specialized lending-out to its clients. It's not about tellers in a branch; it's about digital plumbing and specialized sales forces.

Direct API integration with partner platforms

This is the core of the Fintech Solutions channel, where The Bancorp, Inc. embeds its regulated banking services directly into client-facing platforms. This channel is measured by the sheer volume of transactions it facilitates.

• #1 issuer of prepaid cards in the U.S.
• Gross Dollar Volume (GDV) for Q3 2025 reached $44.04 billion, marking a 16% increase year-over-year.
• Total prepaid, debit card, ACH, and other payment fees for Q3 2025 were $30.6 million, a 10% increase from Q3 2024.
• Average Fintech Solutions deposits for Q3 2025 were $7.3 billion, up 10% from the prior year's Q3.
• Consumer fintech loans, which represent credit sponsorship balances, ended Q3 2025 at $785.0 million, a 180% increase compared to September 30, 2024.
• The company expects consumer fintech loan balances to grow to over $1 billion by year-end 2025.
• The partnership with Block, Inc. for Cash App card issuance has an initial term of 5 years, with expected revenue starting in Q1 2026.

Institutional Banking sales team

The Institutional Banking channel focuses on delivering complex credit solutions, primarily through lines of credit, to institutional clients. This requires a dedicated sales effort to structure these specialized products.

Here's the quick math on the loan portfolio that this team manages as of September 30, 2025:

Business Line	Balance ($ Millions)	% of Total Portfolio
Securities-backed lines of credit (SBLOC)	1,137	17%
Insurance-backed lines of credit (IBLOC)	472	7%
Advisor Financing	286	4%
Total Institutional Banking	1,895	28%

The total Institutional Banking principal balance was $1,895 million as of September 30, 2025.

Commercial Lending and Real Estate Bridge Lending units

These units drive revenue through specialized, asset-backed lending. The Real Estate Bridge Lending (REBL) portfolio is concentrated in multifamily rehabilitation loans, and the Commercial Lending unit includes SBA and vehicle leasing.

The Real Estate Bridge Lending portfolio stood at $2,203 million as of September 30, 2025, representing 32% of the total loan portfolio. This was a slight decrease from $2.14 billion at June 30, 2025.

The Small Business Lending portion, which includes SBA loans, totaled $1,059 million, or 16% of the portfolio, as of September 30, 2025. Commercial Fleet Leasing added another $693 million, or 10%.

The Bancorp, Inc. is recognized as an SBA National Preferred Lender.

Corporate website and investor relations portal

This channel serves external stakeholders, including investors and analysts, providing transparency and access to corporate information. It's the digital front door for financial disclosures.

• The stock price as of 12/05/2025 4:00 PM was $65.99.
• The Q3 2025 earnings conference call was held on Friday, October 31, 2025.
• The replay for the Q3 2025 call was made available telephonically until Friday, November 7, 2025.
• The company is recognized as being included in the S&P Small Cap 600.

Partner-branded card and payment programs

This is essentially the Fintech Solutions group acting as the regulated bank for non-bank companies, allowing them to issue cards and process payments under their own brand. The scale here is massive, measured in billions of dollars in transaction volume.

The key metrics flowing through this channel for Q3 2025 include:

• Total Gross Dollar Volume (GDV) processed: $44.04 billion.
• Year-over-year GDV growth: 16%.
• Total payment-related fees: $30.6 million.
• Consumer credit fintech fees for the quarter: $4.5 million.

Finance: draft 13-week cash view by Friday.

The Bancorp, Inc. (TBBK) - Canvas Business Model: Customer Segments

You're looking at a bank that doesn't chase consumer deposits; The Bancorp, Inc. instead focuses on powering other financial entities. This means their customer segments are primarily sophisticated, non-bank financial companies and large corporations needing integrated banking infrastructure.

Fintech companies and entrepreneurial startups form the core of the Fintech Solutions Group. These partners rely on The Bancorp Bank, N.A. for private label banking, which lets them offer branded banking and payment products. The success here is clear in the numbers: Consumer Fintech Loans hit $785.0 million at the end of the third quarter of 2025, which is a massive 180% increase compared to the same quarter in 2024. Also, the Gross Dollar Volume (GDV) processed through these partners reached $44.04 billion in Q3 2025, marking a 16% year-over-year increase. Honestly, this segment is the engine, driving recognition as the #1 issuer of prepaid cards in the U.S.

The scope of these partnerships isn't limited to small players. The Bancorp, Inc. provides these partner-focused solutions to companies ranging from those entrepreneurial startups all the way up to Fortune 500 firms needing embedded finance capabilities. This trust, built over more than 20 years, allows them to deploy capital into specialized, higher-yield lending markets.

To give you a clearer picture of where The Bancorp, Inc. deploys its capital across these client types, look at the loan portfolio breakdown as of September 30, 2025, or the closest reporting date. This shows you the asset mix supporting these customer relationships:

Business Line / Customer Focus	Balance Sheet Category	Principal Balance ($ Millions)	% of Total Portfolio (9/30/2025)
Fintech Companies (Consumer)	Consumer fintech (G)	785.0	12%
Wealth Management/Brokerage Firms	Institutional Banking Total	1,895	28%
Commercial Real Estate Investors	Real Estate Bridge Lending Total	2,132	31%
SBA Loan Borrowers	Small Business Lending Total	1,059	16%

For wealth management and brokerage firms, you see their activity within the Institutional Banking segment. This area focuses on providing Securities-backed lines of credit (SBLOC) and Insurance-backed lines of credit (IBLOC), designed to complement their partners' offerings. The total principal balance for Institutional Banking stood at $1,895 million as of September 30, 2025. This is a strategic play to embed their services deeply within partner platforms.

The commercial real estate investors are served through the Real Estate Bridge Lending business, which focuses on a very specific niche. As of June 30, 2025, the Real Estate Bridge Loans (REBL) portfolio was $2.14 billion. What this estimate hides is that these loans consist entirely of rehabilitation loans for apartment buildings. The weighted average origination loan-to-value ratio on this portfolio was 70% based on third-party appraisals at that date.

Finally, for Small Business Administration (SBA) loan borrowers, The Bancorp, Inc. is recognized as an SBA National Preferred Lender. This lending activity falls under Small Business Lending. The total Small Business Loans (SBLs) balance was $1.05 billion at June 30, 2025, which was an 11% increase year-over-year. You can break down the components of that lending:

• U.S. government guaranteed portion of SBA loans (as of 9/30/2025): $407 million.
• Commercial mortgage SBA loans (as of 9/30/2025): $378 million.
• Non-guaranteed portion of U.S. government guaranteed 7(a) loans (as of 9/30/2025): $121 million.

If onboarding takes 14+ days, churn risk rises, so speed in these specialized lending areas is key to keeping these high-value clients happy.

The Bancorp, Inc. (TBBK) - Canvas Business Model: Cost Structure

When you look at The Bancorp, Inc.'s (TBBK) cost structure heading into late 2025, you see the heavy investment required to support its Banking-as-a-Service (BaaS) model, plus the lingering costs associated with credit quality management. Honestly, the biggest line item is usually the cost of money itself, which is a direct function of their deposit base.

The interest expense on average deposits for Q3 2025 is stated as $7.63 billion, based on the average deposit balance for that quarter. To give you some context on funding costs, the average interest rate on $7.84 billion of average deposits and interest-bearing liabilities during the third quarter of 2025 was 2.15%.

Salaries and benefits are a significant, growing component, reflecting the need for specialized staff in fintech, risk management, and cybersecurity. For the quarter ended September 30, 2025, Salaries and employee benefits expense was $37,350 thousand. This was a 10% increase compared to the third quarter of 2024.

Technology infrastructure and platform maintenance costs are embedded in several non-interest expense line items. The most direct figure we can pull for platform support is the Software expense, which for Q3 2025 totaled $5,040 thousand. This spend covers leasing, institutional banking, cybersecurity, and enterprise risk, which is exactly where you'd expect a BaaS provider to spend heavily to keep things running smoothly. You should also note that Data processing expense for Q1 2025 was $1,205 thousand, showing the ongoing operational tech spend.

Credit provisions are definitely a near-term headwind you need to watch. Management specifically cited an increased credit provision for leasing due to losses in the trucking and transportation industry. The provision for credit losses on non-consumer fintech loans for Q3 2025 was $5.8 million, of which $4.8 million was related to the leasing portfolio. Furthermore, the trucking and transportation industry specifically drove net charges of $2.8 million in that quarter. This is the kind of specific portfolio risk that can spike expenses quickly.

General and administrative regulatory compliance expenses are reflected in several areas, showing the cost of operating under federal and state oversight. For Q3 2025, Legal expense was $1,483 thousand, and FDIC insurance expense was $905 thousand. The company is actively working on this, as they noted implementing new tools in compliance projected to generate $1.5 million in annual expense savings from a $300,000 investment. That's the quick math on a smart, targeted efficiency play.

Here's a look at some of the key non-interest expense components for Q3 2025 (in thousands of dollars):

Expense Category	Q3 2025 Amount (in thousands)	Source Context
Total Non-Interest Expense	$56,400	Total reported non-interest expense.
Salaries and Employee Benefits	$37,350	Direct personnel cost.
Software Expense	$5,040	Proxy for technology infrastructure.
Legal Expense	$1,483	Part of regulatory/compliance overhead.
FDIC Insurance	$905	Regulatory fee component.

You can see the cost structure is heavily weighted toward personnel and the technology backbone required to service fintech partners. The credit provision volatility, especially from commercial lending segments like trucking, is the variable cost that management is actively trying to mitigate through portfolio resolution and efficiency drives.

• Personnel costs are rising, with Salaries and benefits up 10% year-over-year in Q3 2025.
• Technology spend, proxied by Software expense, was $5.04 million in Q3 2025.
• Credit provisions are being actively managed due to specific sector issues, like trucking.
• Regulatory costs are being addressed with targeted investments for future savings.

Finance: draft the Q4 2025 expense forecast by next Tuesday, focusing on the run-rate impact of the new compliance tools.

The Bancorp, Inc. (TBBK) - Canvas Business Model: Revenue Streams

The Bancorp, Inc. (TBBK) generates revenue through core banking activities and its specialized Fintech Solutions segment, which is a primary driver of growth.

Net Interest Income (NII) for the third quarter of 2025 was reported at $94.2 million. This figure compares to $93.7 million for the quarter ended September 30, 2024.

Fee-based revenue from payment processing remains a significant component. Prepaid, debit card, ACH, and payment fees totaled $30.6 million for the third quarter of 2025. This represented a 10% increase compared to the third quarter of 2024.

The interest income from loans is heavily influenced by the growth in the embedded finance sector. The balance of Consumer Fintech Loans reached $785.0 million as of September 30, 2025. This balance showed a 15% increase compared to the linked quarter.

Non-interest income derived specifically from fintech loan fees was $4.5 million for the quarter ended September 30, 2025. This is also referred to as consumer credit fintech fees.

The Bancorp, Inc. (TBBK) has adjusted its outlook for the year, setting the full-year 2025 diluted EPS guidance at $5.10. This followed the Q3 2025 results.

You can see a breakdown of key Q3 2025 financial metrics below:

Metric	Amount
Net Interest Income (Q3 2025)	$94.2 million
Prepaid, Debit Card, ACH, and Payment Fees (Q3 2025)	$30.6 million
Consumer Fintech Loans Balance (As of 9/30/2025)	$785.0 million
Non-Interest Income from Fintech Loan Fees (Q3 2025)	$4.5 million
Diluted EPS (Q3 2025 Actual)	$1.18
Gross Dollar Volume (GDV) (Q3 2025)	$44.04 billion

The overall revenue picture for the third quarter of 2025 was strong in certain areas, even with the guidance adjustment. The total revenue for the quarter was $174.61 million. The revenue growth, when including both fee and related interest income revenue, was 23%. The company reported net income of $54.9 million for the quarter.

The revenue streams are supported by several operational highlights:

• Fintech GDV grew 16% year-over-year.
• Total non-interest income rose 27% year-over-year to $40.6 million.
• The Q3 2025 diluted EPS was $1.18.
• The company is targeting at least a $7 EPS run-rate by Q4 2026.

The Bancorp, Inc. (TBBK) is actively managing its capital structure, which impacts per-share metrics. The company completed a planned buyback of $300 million in the remainder of 2025.