Bancorp Inc
thebancorp.comWhat Do They Do?
Provides prepaid and debit card accounts through partner organizations that market them to consumers and businesses. Also processes payments and provides partner-supported lending, as well as specialty loans to businesses and wealth-management clients.
10-K for FY2025, filed Feb 25, 2026The Fintech Solutions business line partners with fintech companies and other technology focused payment-based providers (collectively…View ↗
Our fintech services are provided to organizations with a pre-existing customer base, and the products are tailored to support or…View ↗
Program sponsorship includes debit, credit and prepaid cards that we issue for companies that market directly to end users. The Bank…View ↗
Sponsored lending, or Fintech loans, consist of short-term loans originated by the Bank, with the marketing and servicing assistance of…View ↗
Our Credit Solutions business offers flexible, specialty credit solutions, focused on developing customized products and programs to meet…View ↗
How Do They Make Money?
The Bank earns per-transaction fees from partner sponsors and settlement networks for payment and card activity, plus monthly fees for account services; these fees are billed or collected monthly, with some card fees collected quarterly. Fintech lending earns fees under loan agreements rather than interest.
10-K for FY2025, filed Feb 25, 2026ACH, card and other payment processing fees. The majority of fees the Company earns result from contractual transaction fees paid by…View ↗
Prepaid and debit card fees primarily include fees for services related to reconciliation, fraud detection, regulatory compliance and other…View ↗
The revenue generated through fintech loan agreements is primarily fee revenue, and not interest income. Fintech fees were $16.6 million…View ↗
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10-K for FY2025, filed Feb 25, 2026
FY2025 revenue by product or service ↗
$141.1M
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10-K for FY2025, filed Feb 25, 2026
$141.1M ↗
| Segment | Share | Revenue |
|---|---|---|
|
ACH, Card And Other Payment Processing Fees
|
15%
FY2022: 10%
|
ACH, Card And Other Payment Processing Fees, FY2025
$21M Sources
|
|
Prepaid, Debit Card And Related Fees
|
73%
FY2022: 90%
|
Prepaid, Debit Card And Related Fees, FY2025
$103.5M Sources
|
|
Consumer Credit Fintech Fees
|
12% |
Consumer Credit Fintech Fees, FY2025
$16.6M Sources
|
Who Are Their Customers?
Fintech companies and other payment-focused organizations partner with the Bank to offer payment, deposit and lending products to their existing customers. The Bank sells its services to partner organizations, while partners market card programs to end users.
10-K for FY2025, filed Feb 25, 2026The Fintech Solutions business line partners with fintech companies and other technology focused payment-based providers (collectively…View ↗
Our fintech services are provided to organizations with a pre-existing customer base, and the products are tailored to support or…View ↗
Program sponsorship includes debit, credit and prepaid cards that we issue for companies that market directly to end users. The Bank…View ↗
Partner Relationships. Our sales and marketing efforts to existing and potential fintech company partners and other organizations are…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 183 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Sep 4, 2026
Plans to stop new small-business loan originations
The Bank plans to stop new originations by the end of 2026 while managing existing loans; the restructuring is expected to generate over $20 million in annualized savings.
Sources
8-K, filed Sep 4, 2026
The Bancorp is restructuring its Small Business Lending business line (“SBL”) and intends to discontinue retail and wholesale new…View ↗
Growing. Revenue grew 18.8x in 4 years, from $7.5M in FY2021 to $141.1M in FY2025, about 108% a year.
Partner-supported fintech lending
The older business description centers on payment and deposit accounts and specialty lending; the latest also describes bank-originated, partner-marketed secured and unsecured short-term loans.
10-K for FY2022, filed Mar 1, 2023 10-K for FY2025, filed Feb 25, 2026The majority of our deposits and non-interest income are generated in our payments business which consists of consumer deposit accounts…View ↗
Sponsored lending, or Fintech loans, consist of short-term loans originated by the Bank, with the marketing and servicing assistance of…View ↗
Growth focus moves toward fintech
The older strategy emphasizes growing specialty lending and investments funded with stable deposits; the latest names Fintech Solutions growth, partner relationships and fee income as its principal focus.
10-K for FY2022, filed Mar 1, 2023Fund our Loan and Investment Portfolio Growth with Stable Deposits and Generate Non-interest Income from Prepaid and Debit Card Accounts…View ↗
Who Do They Compete With?
Competes with Pathward Financial, Coastal Community, TriState Capital, Live Oak Bank, Enterprise, and Bridge Investment Group
10-K for FY2025, filed Feb 25, 2026We compete with numerous banks and other financial institutions such as finance companies, leasing companies, credit unions, insurance…View ↗
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