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The Bancorp, Inc. and The Bancorp Bank, N.A. Receive Affirmed Ratings from KBRA

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  • Kroll Bond Rating Agency affirmed all long- and short-term credit ratings for The Bancorp, Inc. & its subsidiary The Bancorp Bank, N.A.
  • The Bancorp, Inc. received a BBB+ rating for senior unsecured debt, a BBB rating for subordinated debt, & a K2 rating for short-term debt.
  • The Bancorp Bank received A- ratings for deposits & senior unsecured debt, a BBB+ rating for subordinated debt, & K2 ratings for short-term deposits & debt.
  • The outlook for all long-term ratings is Stable.
  • KBRA cited the company's industry leadership as the largest prepaid card issuer by transaction volume.
  • Non-interest income increased 16% year over year in the first half of 2026, excluding fintech loan credit enhancement.
  • Fee income represented approximately 1.9% of average assets in the first half of 2026, while return on average assets remained at or above 2.5% since 2023.
  • The total cost of funds for the first half of 2026 was 1.86%.
  • The Bancorp highlighted its granular deposit base & effective management of long-term partnerships across multiple business lines.
  • CFO Dominic C. Canuso stated the affirmation reflects strong financial performance & progress in executing the APEX 2030 strategy.