The Bancorp (TBBK) investor relations material

Executive summary

• Core EPS was $1.47, up 25% YoY from $1.18; core ROE reached 34.7%, up from 26.6%.

• Reported net income was $62.8M and diluted EPS was $1.53, up 29.7% YoY; sustained fintech fee growth and sponsored lending supported results.

• Strategy targets stronger earnings through fintech growth, embedded finance, scalable operations, AI adoption, restructuring and continued capital returns.

Financial highlights

• GAAP revenue was $175.9M, net interest income was $90.1M, and fee revenue was $85.8M in Q3 2026.

• Average loans were $7.9B, up 18.2% YoY; average deposits were $8.42B, up 10.4% YoY and flat QoQ.

• Core non-interest income, excluding credit enhancements, was $45.8M, down $1.5M QoQ; total fees rose $5.2M, or 12.8%, YoY, including $6.7M growth in fintech fees.

• Core non-interest expense was $57.4M; total provision was $40.6M, while traditional lending provision excluding fully credit-enhanced sponsorship loans was $0.6M.

Outlook and guidance

• Core EPS guidance is $5.95–$6.05 for 2026, $7.00–$7.20 for 2027 and preliminary $8.00–$8.20 for 2028; all periods include buybacks.

• 2027 EPS growth is expected from the Cash App ramp, existing partner growth, pipeline, repurchases and resource reallocation; Finetics is expected to contribute more in 2028 than in 2027.

• Q4 expenses are expected near $55M, including $2.9M of quarterly restructuring run-rate savings; the remaining $0.6M benefit is expected in Q1 2027.

• APEX 2030 targets a long-term $10 EPS objective; the EPS benefit shifted by roughly a year amid changing growth drivers.

• Guidance assumes fintech growth, new partnerships, productivity gains and execution of key initiatives; outcomes depend on implementation timelines and share prices affecting buybacks.