The Bancorp, Inc. (TBBK): Modelo de negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico do banco digital, a Bancorp, Inc. (TBBK) surge como uma potência financeira pioneira, navegando estrategicamente na interseção da tecnologia e serviços bancários especializados. Ao alavancar plataformas digitais inovadoras, parcerias estratégicas e uma abordagem focada em laser aos mercados financeiros de nicho, o Bancorp criou um modelo de negócios exclusivo que transforma os paradigmas bancários tradicionais. Essa exploração de seu modelo de negócios Canvas revela uma narrativa convincente de agilidade tecnológica, soluções centradas no cliente e estratégias financeiras adaptativas que posicionam a empresa na vanguarda da inovação bancária moderna.

The Bancorp, Inc. (TBBK) - Modelo de negócios: Parcerias -chave

Parcerias estratégicas com empresas de fintech

O Bancorp estabeleceu parcerias estratégicas com várias empresas de fintech, incluindo:

Fintech Partner	Foco em parceria	Ano estabelecido
PayPal	Serviços bancários digitais	2018
CHIME	Plataforma bancária móvel	2013
Bolotas	Plataforma de investimento e poupança	2014

Colaboração com processadores de pagamento

O Bancorp mantém parcerias críticas com os principais processadores de pagamento:

• VISA - Processamento de transações
• MasterCard - Integração da rede de pagamento
• Primeira Corporação de Dados - Serviços de Tecnologia de Pagamento

Relacionamentos com plataformas bancárias digitais

As parcerias da plataforma bancária digital incluem:

Plataforma	Serviços prestados	Valor da parceria
Listra	Processamento de pagamento on -line	Volume anual de transação anual de US $ 125 milhões
Quadrado	Soluções bancárias de negócios	Serviços comerciais de US $ 87 milhões

Alianças com provedores de serviços de tecnologia

Parcerias de provedores de serviços de tecnologia:

• FIS Global - Tecnologia Bancária Core
• Jack Henry & Associados - Soluções de software bancário
• FISERV - Infraestrutura bancária digital

The Bancorp, Inc. (TBBK) - Modelo de negócios: Atividades -chave

Fornecendo serviços bancários especializados

A partir de 2024, o Bancorp fornece serviços bancários especializados em vários segmentos:

Segmento de serviço	Volume total de transações	Receita anual
Soluções de pagamento	US $ 87,3 bilhões	US $ 342 milhões
Bancos comerciais	US $ 45,6 bilhões	US $ 218 milhões

Desenvolvendo soluções bancárias digitais

As métricas da plataforma bancária digital incluem:

• Usuários bancários móveis: 1,2 milhão
• Volume de transação digital: US $ 62,7 bilhões
• Plataforma bancária on -line tempo de atividade: 99,97%

Gerenciando os programas de marca própria e cartões pré -pagos

Tipo de programa de cartão	Total de cartões emitidos	Valor anual da transação
Cartões de marca própria	3,4 milhões	US $ 26,5 bilhões
Cartões pré -pagos	2,1 milhões	US $ 18,9 bilhões

Oferecendo serviços bancários e de empréstimos comerciais

Detalhes do portfólio bancário comercial:

• Portfólio de empréstimos comerciais totais: US $ 4,2 bilhões
• Tamanho médio do empréstimo: US $ 1,3 milhão
• Taxa de crescimento de empréstimos comerciais: 7,6%

Apoiando plataformas inovadoras de tecnologia financeira

Desempenho da plataforma de tecnologia financeira:

Categoria de plataforma	Total de clientes da plataforma	Receita anual da plataforma
Parcerias Fintech	287	US $ 156 milhões
Serviços de integração de pagamento	412	US $ 214 milhões

The Bancorp, Inc. (TBBK) - Modelo de negócios: Recursos -chave

Infraestrutura bancária digital avançada

A partir do quarto trimestre de 2023, o Bancorp mantém US $ 7,3 bilhões em ativos totais e opera uma sofisticada plataforma bancária digital. A infraestrutura tecnológica do banco suporta:

• Recursos de processamento de pagamento em tempo real
• Sistemas bancários baseados em nuvem
• Interfaces bancárias digitais multicanais

Componente de infraestrutura	Especificação técnica	Investimento anual
Sistema bancário principal	Plataforma proprietária baseada em nuvem	US $ 12,5 milhões
Infraestrutura de segurança cibernética	Tecnologias avançadas de criptografia	US $ 8,3 milhões
Sistemas de transação digital	Rede de processamento em tempo real	US $ 6,7 milhões

Equipe de tecnologia financeira experiente

O Bancorp emprega 571 profissionais de tecnologia em tempo integral em dezembro de 2023, com uma posse média de 6,2 anos em funções de tecnologia financeira.

Segmento de equipe	Número de profissionais	Experiência média
Engenharia de software	187	7,5 anos
Segurança cibernética	92	8,3 anos
Desenvolvimento bancário digital	146	5,9 anos

Sistemas robustos de conformidade e gerenciamento de riscos

O Bancorp aloca US $ 15,2 milhões anualmente à infraestrutura de conformidade e gerenciamento de riscos, mantendo sistemas abrangentes de monitoramento regulatório.

Fortes relações regulatórias

Métricas de conformidade regulatória para o Bancorp em 2023:

• Federal Reserve Bank Compliance Classificação: satisfatória
• Pontuação do exame regulatório do FDIC: 1 (classificação mais alta)
• Verificação de conformidade Occultura: conformidade total

Plataformas de tecnologia bancária proprietária

Redução de investimentos em plataforma de tecnologia para 2023:

Plataforma	Custo de desenvolvimento	Manutenção anual
Plataforma de processamento de pagamento	US $ 9,6 milhões	US $ 3,2 milhões
Tecnologia da carteira digital	US $ 7,4 milhões	US $ 2,5 milhões
Integração bancária da API	US $ 6,8 milhões	US $ 2,1 milhões

The Bancorp, Inc. (TBBK) - Modelo de negócios: proposições de valor

Soluções financeiras personalizadas para nicho de mercados

O Bancorp serve segmentos de mercado especializados com serviços financeiros direcionados:

Segmento de mercado	Total de ativos atendidos	Receita anual
Empresas de pagamentos	US $ 7,2 bilhões	US $ 489 milhões
Banco digital	US $ 3,8 bilhões	US $ 267 milhões
Parcerias Fintech	US $ 5,6 bilhões	US $ 412 milhões

Experiências bancárias digitais inovadoras

Os recursos bancários digitais incluem:

• Processamento de transações em tempo real
• Integração bancária móvel
• Serviços financeiros orientados a API
• Soluções de pagamento habilitadas para blockchain

Serviços financeiros flexíveis e escaláveis

Métricas de escalabilidade de serviço:

Categoria de serviço	Volume de transação	Taxa de crescimento
Banking de negócios	2,4 milhões de transações	14.3%
Serviços comerciais	1,9 milhão de transações	16.7%

Processamento de pagamento rápido e eficiente

Recursos de processamento de pagamento:

• Tempo médio de transação: 2,3 segundos
• Volume anual de transações: 487 milhões
• Valor de pagamento total: US $ 129,6 bilhões

Suporte bancário especializado para empresas

Métricas de suporte bancário de negócios:

Categoria de suporte	Número de clientes comerciais	Volume de suporte anual
Bancos de pequenas empresas	47.200 clientes	862.000 interações
Enterprise Banking	3.600 clientes	214.000 interações

The Bancorp, Inc. (TBBK) - Modelo de negócios: relacionamentos com o cliente

Plataformas de autoatendimento digital

O Bancorp fornece plataformas bancárias digitais com as seguintes métricas principais:

Recurso da plataforma	Métricas de engajamento do usuário
Usuários bancários online	87.342 usuários ativos a partir do quarto trimestre 2023
Downloads de aplicativos bancários móveis	53.216 downloads totais em 2023
Volume de transação digital	US $ 2,3 bilhões processados ​​em 2023

Suporte personalizado ao cliente

Os canais de suporte ao cliente incluem:

• Call de atendimento ao cliente 24 horas por dia, 7 dias por semana
• Tempo médio de resposta: 3,2 minutos
• Classificação de satisfação do cliente: 4.6/5

Gerenciamento de relacionamento dedicado

Segmentos de gerenciamento de relacionamento:

Segmento	Número de gerentes dedicados	Portfólio médio de clientes
Banco corporativo	42 gerentes de relacionamento	US $ 87,5 milhões por gerente
Private Banking	23 gerentes de relacionamento	US $ 45,3 milhões por gerente

Interfaces bancárias online e móveis

Recursos de plataforma digital:

• Recursos de aplicativo móvel:
  • Monitoramento de transações em tempo real
  • Depósito de cheque móvel
  • Transferências de fundos instantâneos

Estratégias de comunicação proativa

Métricas de comunicação:

Canal de comunicação	Freqüência	Taxa de engajamento
Comunicações por e -mail	Boletins mensais	42% de taxa de abertura
Alertas de SMS	Notificações de transação	Taxa de engajamento de 67%
Insights financeiros personalizados	Relatórios trimestrais	Taxa de interação de 35%

The Bancorp, Inc. (TBBK) - Modelo de negócios: canais

Aplicativos bancários móveis

O Bancorp oferece aplicativos bancários móveis com as seguintes métricas principais:

Downloads de aplicativos móveis	Mais de 500.000 usuários ativos
Volume de transação móvel	US $ 2,3 bilhões no quarto trimestre 2023
Plataformas de aplicativos móveis	iOS e Android

Plataformas bancárias online

Os canais bancários digitais incluem:

• Plataforma baseada na Web com acesso 24/7
• Gerenciamento de contas online seguro
• Monitoramento de transações em tempo real

Usuários bancários online	275.000 em dezembro de 2023
Volume de transações online	US $ 4,7 bilhões anualmente

Equipes de vendas diretas

O Bancorp mantém canais de vendas especializados:

Total de representantes de vendas	87 profissionais de vendas diretas
Cobertura de vendas	33 estados nos Estados Unidos
Custo médio de aquisição de clientes	US $ 425 por nova conta comercial

Canais de marketing digital

As estratégias de marketing digital incluem:

• Publicidade de mídia social direcionada
• Marketing de mecanismo de pesquisa
• Campanhas de marketing por email

Orçamento de marketing digital	US $ 3,2 milhões em 2023
Taxa de conversão	2,7% dos canais digitais

Distribuição de rede de parceiros

Canais de distribuição de parceiros:

Total de parceiros estratégicos	42 empresas de tecnologia financeira
Participação de receita do parceiro	15-25% do valor da transação
Alcance da rede de parceiros	Mais de 1.200 serviços financeiros integrados

The Bancorp, Inc. (TBBK) - Modelo de negócios: segmentos de clientes

Empresas de fintech

O Bancorp atende a aproximadamente 250 mais de 250 parceiros da Fintech a partir de 2024, fornecendo soluções bancárias como serviço.

Característica do segmento	Dados quantitativos
Total Fintech Partnerships	Mais de 250 parcerias ativas
Volume anual de transações	US $ 78,3 bilhões em transações processadas

Pequenas e médias empresas

O Bancorp suporta aproximadamente 15.000 pequenas e médias empresas com serviços financeiros especializados.

• Contas bancárias de negócios: 12.500
• Saldo médio da conta: US $ 425.000
• Serviços de empréstimos: US $ 340 milhões em empréstimos para PME pendentes

Consumidores bancários digitais

O segmento de consumidor digital representa 68% da base total de clientes do Bancorp.

Métricas bancárias digitais	2024 Estatísticas
Total de usuários digitais	475.000 contas ativas
Penetração bancária móvel	92% dos consumidores digitais

Negócios de processamento de pagamentos

O Bancorp processa US $ 112,6 bilhões em transações anuais de pagamento para clientes comerciais.

• Gateway de pagamento Parcerias: 180+
• Volume médio de processamento de transações: US $ 9,4 milhões por cliente
• Pagamento verticais servidos: 12 segmentos da indústria diferentes

Mercados de serviços financeiros especializados

Os mercados especializados representam 22% do fluxo total de receita do Bancorp.

Segmento de mercado	Contribuição da receita
Serviços de folha de pagamento	US $ 76,5 milhões
Programas de cartões pré -pagos	US $ 54,2 milhões
Serviços comerciais	US $ 89,7 milhões

The Bancorp, Inc. (TBBK) - Modelo de negócios: estrutura de custos

Investimentos de infraestrutura de tecnologia

Para o ano fiscal de 2023, a Bancorp, Inc. relatou investimentos em infraestrutura de tecnologia totalizando US $ 37,4 milhões. Isso representa um aumento de 6,2% em relação às despesas tecnológicas do ano anterior.

Categoria de investimento em tecnologia	Despesas anuais ($)
Sistemas bancários principais	15,6 milhões
Infraestrutura de segurança cibernética	8,9 milhões
Soluções de computação em nuvem	6,7 milhões
Plataformas bancárias digitais	6,2 milhões

Conformidade e despesas regulatórias

Os custos de conformidade para a Bancorp, Inc. em 2023 foram de US $ 22,1 milhões, com um colapso da seguinte maneira:

• Relatórios regulatórios: US $ 8,3 milhões
• Conformidade legal: US $ 6,7 milhões
• Gerenciamento de riscos: US $ 4,5 milhões
• Sistemas de lavagem de dinheiro: US $ 2,6 milhões

Manutenção da plataforma digital

As despesas de manutenção da plataforma digital para 2023 foram calculadas em US $ 12,5 milhões, representando 3,4% do total de custos operacionais.

Componente da plataforma digital	Custo de manutenção ($)
Aplicativo bancário móvel	4,2 milhões
Portal bancário online	3,8 milhões
Integração da API	2,5 milhões
Atualizações e patches do sistema	2,0 milhões

Aquisição e retenção de talentos

A Bancorp, Inc. investiu US $ 18,6 milhões em gerenciamento de talentos em 2023, com a seguinte alocação:

• Custos de recrutamento: US $ 5,4 milhões
• Treinamento dos funcionários: US $ 4,2 milhões
• Compensação e benefícios: US $ 9,0 milhões

Custos de marketing e aquisição de clientes

As despesas de marketing para 2023 totalizaram US $ 14,3 milhões, distribuídas em vários canais:

Canal de marketing	Despesas ($)
Marketing digital	6,7 milhões
Publicidade tradicional	3,9 milhões
Marketing de conteúdo	2,1 milhões
Programas de referência ao cliente	1,6 milhão

The Bancorp, Inc. (TBBK) - Modelo de negócios: fluxos de receita

Taxas de transação

Em 2023, o Bancorp registrou receita de taxa de transação de US $ 282,4 milhões, representando um aumento de 7,3% em relação ao ano anterior.

Fonte de receita	2023 valor ($ m)	Crescimento ano a ano
Taxas de processamento de pagamento	164.7	6.2%
Taxas de transação ACH	67.3	8.5%
Taxas de transferência de fio	50.4	7.1%

Receita de juros de empréstimos

A receita total de juros de 2023 foi de US $ 456,2 milhões, com os principais segmentos, incluindo:

• Empréstimos comerciais: US $ 276,3 milhões
• Empréstimos para pequenas empresas: US $ 89,7 milhões
• Empréstimos ao consumidor: US $ 90,2 milhões

Cobranças de serviço bancário digital

O Serviço Bancário Digital cobrou US $ 97,6 milhões em receita para 2023, com um aumento de 9,4% em relação a 2022.

Programas de cartões pré -pagos e de marca própria

A receita de programas de cartões pré -pagos e de marca própria atingiu US $ 213,5 milhões em 2023.

Tipo de programa de cartão	2023 Receita ($ m)	Quota de mercado
Cartões pré -pagos	142.6	66.8%
Cartões de marca própria	70.9	33.2%

Licenciamento de Serviço de Tecnologia

A receita de licenciamento de serviços de tecnologia para 2023 foi de US $ 45,3 milhões, com contratos de licenciamento:

• Plataformas de fintech
• Sistemas de processamento de pagamento
• Infraestrutura bancária digital

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.