The Bancorp (TBBK)
Powers fintech programs and funds specialized lending with partner-generated deposits.
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Provides card sponsorship, payments, deposits, and sponsored lending through fintech partners, earning fees and using partner-generated deposits to fund specialized credit. The lending portfolio covers multifamily bridge loans, wealth-management credit, small-business loans, and vehicle and equipment leasing, while the branchless model depends on partners and bank regulation.
Provides bank-charter infrastructure to U.S. fintech and payments partners through program sponsorship, card issuing, ACH and real-time payments, and sponsored lending. Partner programs generate fees and transaction deposits, which fund fintech loans and the broader Credit Solutions portfolio.
Credit Solutions spans real estate bridge loans for multifamily rehabilitation, securities- and insurance-backed credit for wealth-management clients, advisor financing, Small Business Administration lending, and vehicle and equipment leasing. A customizable platform and regulatory-compliance infrastructure support national partner distribution without a traditional branch franchise. The model depends on partner relationships, payment-network rules, federal bank oversight, third-party service providers, and managing year-end assets below the Durbin Amendment threshold for small-issuer interchange exemptions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 17, 2026 | Piper Sandler | Reiterate | Rating: —Target: $86 | Target: $75 |
| Aug 7, 2026 | Raymond James | Target | Target: $82 | Target: $88 |
| Aug 3, 2026 | Piper Sandler | Reiterate | Rating: —Target: $60 | Target: $86 |
| Jul 31, 2026 | Raymond James | Reiterate | Rating: —Target: $76 | Target: $82 |
| Jul 9, 2026 | Keefe, Bruyette & Woods | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.62B · Total debt $958.3M · Total assets $9.22B · Shareholders' equity $705.4M
- Revenue
- $205.2M
- Operating income
- $80.9M
- Net income
- $60.7M
No dividends on record.
| Institutions | ≈ 98.43% | 40.15M shares | |
|---|---|---|---|
| 294 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 6.47% | 2.64M shares | |
| 24 holders · as of Aug 6, 2026 | |||
| Adds to | 104.90% | ||
40.79M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 104.90%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.85% | 6.06M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 8.80% | 3.59M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.62% | 2.70M | as of Jun 30, 2026 |
American Century Investment Management, Inc.Institution | 6.45% | 2.63M | filed May 15, 2025 |
Vanguard Capital Management LLCInstitution | 4.34% | 1.77M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 6, 2026 | Martin Egan | officer: Chief Accounting Officer | −3,057 | $72.03 |
| May 1, 2026 | Matthew Cohn | director | +2,250 | $59.60 |
| May 4, 2026 | Matthew Cohn | director | +250 | $58.77 |
| Apr 28, 2026 | Maria Wainwright | officer: EVP & Chief Marketing Officer | −8,400 | $60.24 |
| Apr 29, 2026 | Erika R. Caesar | officer: EVP and General Counsel | −4,470 | $60.28 |
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Prepaid, debit, embedded-finance, and BaaS overlap
- Live Oak Bancshares
SBA and small-business lending overlap
- NewtekOne
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The Bancorp | $49.90 | −1.36% | $2.11B | 9.5 | 7.2 | 2.8 | −24.0% |
| Pathward Financial | $73.97 | −0.80% | $1.57B | 9.3 | 7.9 | 2.0 | −3.1% |
| Coastal Financial | $44.63 | −1.02% | $687.6M | — | 9.2 | 0.9 | +54.6% |
| Green Dot | $13.07 | −1.10% | $748.7M | — | 8.1 | 0.3 | +17.3% |
| Live Oak Bancshares | $37.56 | −0.82% | $1.75B | 13.3 | 10.3 | 1.6 | +10.0% |
| NewtekOne | $11.43 | −2.16% | $337.4M | 4.9 | 5.7 | 1.0 | +7.0% |
| Median | 9.3 | 8.1 | 1.0 | +10.0% |