Exhibit 99.2
the bancorp2024年10月投資者介紹
2. 披露本演示文稿中有關The Bancorp, Inc.（「The Bancorp」）業務的聲明, 如果不是歷史事實, 則爲「前瞻性陳述。」 這些陳述可能通過使用前瞻性術語來識別，包括「打算,」 「可能,」 「相信,」 「將,」 「期待,」 「展望,」 「預計,」 「繼續,」 或類似詞語。前瞻性陳述包括但不限於，關於我們2024財年的年度結果，盈利能力和增加交易量的聲明，並涉及我們關於當前假設，預測和期望的業務以及未來事件的相關內容，其中包括有關重要經濟，政治和技術因素的當前預期，以及其他因素，存在風險和不確定性，這可能導致實際結果，事件或成就與前瞻性聲明和相關假設中所陳述或暗示的結果大不相同。導致結果與前瞻性聲明中所表達的不同的因素還包括，但不限於，The Bancorp向美國證券交易委員會提交的文件中涉及的風險和不確定性，包括公司年度報告的「Risk Factors」和“Management’s Discussion and Analysis of Financial Condition and Results of Operations”章節。2023年12月31日結束的財年的表格10 - k等文件。The Bancorp不承擔公開修訂或更新本演示文稿中的前瞻性聲明的責任，以反映本演示文稿日期後出現的事件或情況，除非根據適用法律規定。 本演示文稿包含根據與美國通常公認會計原則（「GAAP」）不符合的方法計算和呈現的財務結果信息，例如附錄中確定的方法。因此，此類信息可能不符合SEC法規，包括S-X號，可能會在與SEC的提交中進行調整和不同呈現。本演示文稿中使用的任何非GAAP財務指標均是作爲而不應被視爲，按照GAAP編制的財務報表的優越性或替代物。非GAAP財務指標受到重大固有限制。此處提供的非GAAP措施可能無法與其他公司提出的類似非GAAP措施進行比較。本演示文稿包括市場，行業和經濟數據，這些數據是從各種公開來源和公司認爲可靠的其他來源獲得的。儘管公司認爲它是可靠的，但公司尚未獨立驗證本演示文稿中來自第三方來源的任何數據，或分析或驗證第三方參考或引用的基礎報告，或明確第三方來源所依賴的基礎經濟和其他假設。公司相信其市場，行業和經濟數據是準確的，並且其估計和假設是合理的，但無法保證其準確性或完整性。過去的表現不能說明也不能保證未來結果。The Bancorp向SEC提交的文件的副本可免費從SEC網站www.sec.gov以及從The Bancorp的網站www.thebancorp.com免費獲得。前瞻性陳述和其他披露
財務業績表現強勁。截至 2024 年 Q3 YTD，2024 年 2023 年 2022 年 2021 年，營業收入增長率分別爲 8% 31% 12% 13%。回報率 ROE 扶植率爲 2.8% 2.6% 1.8% 1.7%，資產回報率 ROA 分別爲 40% 41% 48% 53%，效率比率爲 1 可擴展的平台。關鍵財務指標 請參考附錄幻燈片 31 以了解營收增長與同期效率比率的對比。盈利水平不斷提高，平台提供操縱槓桿，充分利用利率環境。持續的業績，the bancorp 持續提供優質的財務表現。
4盈利指引提供了強勁的財務表現指引。我們2025年初步指引爲每股5.25美元，因爲我們在整個平台上保持強勁的動力。2024年的指引包括通過第三季度的股票回購影響，而2025年初步指引不包括2025年股票回購的影響。此外，指引假定實現管理層在本演示文稿的其他部分以及其他預算目標中所述的戰略目標。$0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50 2022 2023 2024指引 2025初步指引每股收益 $5.25 $2.27 $3.49 $4.35
the bancorp核心業務模式FinTech解決方案產生非利息收入，並吸引穩定、低成本的存款，投資於專業市場 the bancorp 業務模式FinTech解決方案 通過提供卡片贊助、促進其他支付活動和FinTech借貸來支持FinTech公司 商業貸款 小型企業貸款和商業車隊租賃 + 機構銀行 爲财富管理公司提供貸款解決方案 房地產橋樑貸款 專注於特定市場的勞動力住房 支付 領先市場的支付活動產生穩定的非利息收入和較低成本存款 貸款 在專業類別中提供利基貸款和FinTech借貸
6 金融科技合作伙伴 銀行 金融領導者 付款網絡 通過信用卡網絡方便各方之間的支付。 方案管理人員 客戶面向平台 爲客戶提供高度可伸縮的銀行解決方案，重點放在客戶獲取和科技方面。 監管機構 監督國內銀行業務和支付活動。 處理器 後勤支持 方案管理人員 提供記錄保留和核心平台服務。 金融科技生態系統 通過爲廣泛的客戶組合提供業內領先的卡發行、支付便利和監管專業知識，促進金融科技公司的發展
專業貸款業務業務線業務業務核心貸款業務由我們的專業貸款活動組成 機構銀行1800000000美元強調核心業務線並增加相關產品，並進入相鄰市場保持在信用贊助機會上的優勢保持資產負債表靈活性，使其達到100億美元的總資產 房地產橋樑貸款2300000000美元 小型企業1000000000美元 租賃700000000美元 核心貸款業務 截至2024年第三季度總計6100000000美元已建立的運營平台 具有規模化的科技、運營和銷售平台 跨越貸款業務以支持持續增長的戰略展望 消費者金融科技貸款3億美元
8 2030 STRATEGY OUR 2030 STRATEGY OVERVIEW Our new 2030 strategy encompasses previous goals outlined in Vison 700 while adding new fintech opportunities Build on our strengths Create new opportunities Sustain revenue growth Enhance profitability Averting substantial event - risk Keeping the balance sheet under $10B Avoiding potential regulatory issues + + + + EVALUATION FRAMEWORK BEING MINDFUL OF: How can we build on our leading fintech partner bank model and specialized lending businesses?
2030 STRATEGY *Without competing with our partners 1 PROVIDE NEW FINTECH SERVICES 3 SUPPORT FINTECH LENDING 2 MONETIZE CORE COMPETENCIES Our 2030 plan comprises new opportunities identified across various strategic pathways: 1 Long term guidance assumes achievement of management’s long - term strategic plan as described elsewhere in this presentation, imp act of realized and expected interest rate movement, and other budgetary goals. TOTAL REVENUE >$1 Billion ROE >40% ROA >4.0% LEVERAGE > 10% LONG - TERM FINANCIAL TARGETS 1 • Niche program management • Embedded Finance • Regulatory services • Middle - office technologies • Diversified holdings across many programs with significant distribution of assets APEX 2030
FINTECH SOLUTIONS: DEPOSIT & FEE GENERATION
11 FINTECH SOLUTIONS: FEE & DEPOSIT GENERATING ACTIVITIES ENABLING LEADING FINTECH COMPANIES DEBIT PROGRAM MANAGERS (CHALLENGER BANKS) PREPAID/STORED VALUE PROGRAM MANAGERS • Provides physical and virtual card issuing • Maintains deposit balances on cards • Facilitates payments into the card networks as the sponsoring bank • Established risk and compliance function is highly scalable #6 Debit Issuing Bank 2023 2 #1 Prepaid Issuing Bank 2023 2 • Government • Employer Benefits • Corporate Disbursements • Payroll • Gift 1 Includes non - interest income from prepaid and debit card issuance plus ACH, card and other payments processing fees, and consume r credit fintech fees. 2 Nilson Report, April 2024. % TOTAL BANK REVENUE Q3 YTD 2024 1 23 % GROSS DOLLAR VOLUME GROWTH Q3 2024 VS Q3 2023 15 %
12 FINTECH SOLUTIONS : ESTABLISHED OPERATING PLATFORM SCALABLE PLATFORM ESTABLISHED OPERATING PLATFORM • Infrastructure in place to support significant growth • Long - term relationships with multiple processors enable efficient onboarding • Continued technology investments without changes to expense base REGULATORY EXPERTISE • Financial Crimes Risk Management program with deep experience across payments ecosystem • Customized risk and compliance tools specific to the Fintech Industry OTHER PAYMENTS OFFERINGS • Rapid Funds instant payment transfer product • Potential to capitalize on credit - linked payments opportunities • Additional payments services include ACH processing for third parties INNOVATIVE SOLUTIONS Our platform supports a wide variety of strategic fintech partners through our established processor relationships, regulatory expertise, and suite of other payments products
13 FINTECH SOLUTIONS : STABLE, LOWER - COST DEPOSIT GENERATOR DEPOSIT GROWTH FROM FINTECH BUSINESS HIGHLIGHTS • Stable, lower - cost deposit base anchored by multi - year, contractual relationships in our Fintech Solutions business • Fintech Solutions growth driven by increased transactional volume due to electronic banking migration and the addition of new partners $0.0 $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 $8.0 2020 2021 2022 2023 Q3 2024 AVERAGE DEPOSITS BY PERIOD ($ BILLIONS) Fintech Solutions Group (Prepaid and Debit Card Issuance and other payments) Institutional Banking (checking and money market for higher net worth individuals) Other (Includes time deposits and other legacy deposit programs) 2.44% 2.32% 0.82% 0.10% 0.25% COST OF DEPOSITS $5.2 $5.7 $6.3 $6.4 $7.0
14 FINTECH SOLUTIONS : STABLE, LOWER - COST DEPOSIT GENERATOR STABLE DEPOSITS & SIGNIFICANT BALANCE SHEET LIQUIDITY STRONG POSITIONING Our deposit base is primarily comprised of granular, small balance, FDIC insured accounts and we maintain significant borrowing capacity on our credit lines ESTIMATED INSURED VS OTHER UNINSURED DEPOSITS September 30, 2024 93% Insured 3% Low balance accounts 4% Other uninsured 100% Total deposits SUMMARY OF CREDIT LINES AVAILABLE September 30, 2024 (Dollars in millions) 1,974 $ Federal Reserve Bank 1,107 Federal Home Loan Bank 3,081 $ Total lines of credit available 93% INSURED DEPOSITS Primarily consist of low balance accounts
LOANS, LEASES & SUPPORTING COLLATERAL
16 LOANS & LEASES STRATEGIC OUTLOOK Optimize balance sheet and r emain positioned to capitalize on credit sponsorship opportunities KEY CONSIDERATIONS FOR LENDING GROWTH MANAGE CREDIT RISK TO DESIRED LEVELS OPTIMIZE NET INTEREST MARGIN AND MONITOR INTEREST RATE SENSITIVITY MANAGE REAL ESTATE EXPOSURE TO CAPITAL LEVELS MAINTAIN FLEXIBILITY AS WE APPROACH $10B TOTAL ASSETS Building an asset mix that drives earnings and profitability while maintaining desired credit and interest rate risk characteristics
17 LOANS & LEASES LOAN PORTFOLIO OVERVIEW % OF TOTAL PORTFOLIO 09/30/2024 PRINCIPAL BALANCE ($ MILLIONS) BALANCE SHEET CATEGORY BUSINESS LINE 37% $ 2,303 Multifamily - commercial real estate (A) Real Estate Bridge Lending <1% 27 Hospitality - commercial real estate <1% 12 Retail - commercial real estate <1% 9 Other 38% 2,351 Total 16% 989 Securities - backed lines of credit (SBLOC) ( B) Institutional Banking 9% 554 Insurance - backed lines of credit (IBLOC) (C) 4% 249 Advisor Financing 29% 1,792 Total 6% 392 U.S. government guaranteed portion of SBA loans ( D) Small Business Lending <1% 2 Pay check Protection Program loans (PPP) ( D) 6% 349 Commercial mortgage SBA ( E) 2% 114 Non - guaranteed portion of U.S. govn’t guaranteed 7(a) loans 1% 73 Non - SBA small business loans <1% 10 Construction SBA <1% 28 Other 16% 968 Total 12% 712 Leasing ( F) Commercial Fleet Leasing 5% 280 Consumer fintech ( G) Fintech Solutions Group <1% 46 Other Other 100% $ 6,149 Total principal LOAN COLLATERAL VALUES SUPPORTED BY: A. Comprised of workforce apartment buildings in carefully selected areas B. SBLOC loans are backed by marketable securities with nominal credit losses C. IBLOC loans are backed by the cash value of life insurance policies with nominal credit losses D. Portion of small business loans fully guaranteed by the U.S. government E. 50% - 60% loan to value ratios at origination F. Recourse to vehicles G. Consists of secured credit cards & other short term extensions of credit
18 LOANS & LEASES: REAL ESTATE BRIDGE LENDING COMMERCIAL REAL ESTATE BRIDGE LENDING % TOTAL WEIGHTED AVG INTEREST RATE ORIGINATION DATE LTV 1 BALANCE # LOANS TYPE 98% 9.1% 70% $ 2,303 179 Multifamily (apartments) 1% 9.8% 65% 27 2 Hospitality (hotels and lodging) <1% 8.2% 72% 12 2 Retail <1% 5.0% 72% 9 2 Other 100% 9.1% 70% $ 2,351 185 Total COMMERCIAL REAL ESTATE LOANS BY TYPE ($MILLIONS) 09/30/2024 $2.3B PORTFOLIO LOANS ORIGINATED SINCE Q3 2021 RESUMPTION (ALL APARTMENT BUILDINGS) BUSINESS OVERVIEW: • Resumed floating rate bridge lending business in Q3 2021 • Lending focus on workforce apartment buildings in carefully selected markets Real Estate Bridge Lending • Vast majority of loans are apartment buildings including all the top 30 exposures • Loans originated prior to Q3 2021 will continue to be accounted for at fair value • Loans originated in 2021 and after will be held for investment and use the Current Expected Credit Loss (CECL) methodology PORTFOLIO ATTRIBUTES 1 In addition to “as is” origination date appraisals, on which the weighted average origination date LTVs are based, third part y a ppraisers also estimated “as stabilized” values, which represents additional potential collateral value as rehabilitation progresses, and units are released at stabilized rental rates, may pr ovi de even greater protection.
19 LOANS & LEASES: INSTITUTIONAL BANKING INSTITUTIONAL BANKING BUSINESS OVERVIEW: • Automated loan application platform, Talea, provides industry - leading speed and delivery • Securities - backed lines of credit provide fast and flexible liquidity for investment portfolios • Insurance - backed lines of credit provide fast and flexible borrowing against the cash value of life insurance • Advisor Finance product provides capital to transitioning financial advisors to facilitate M&A, debt restructuring, and the development of succession plans • Deposit accounts for wealth management clients • Nominal historical credit losses STRATEGIC OUTLOOK: • Regain momentum across SBLOC, IBLOC and Advisor Finance products • Evaluate new lending opportunities in adjacent markets • Market dynamics support business model: − Advisors shifting from large broker/dealers to independent platforms − Sector shift to fee - based accounts − Emergence of new wealth management providers LENDING AND BANKING SERVICES FOR WEALTH MANAGERS The Bancorp’s business model allows us to build banking solutions to “spec” without competing directly with our partner firms. We do not have any associated asset managers, proprietary advisory programs, or related programs. Our singular focus is to help our partner firms stay competitive in the marketplace and to grow and retain assets ALWAYS A PARTNER, NEVER A COMPETITOR $ 1.8 B Q3 2024 PORTFOLIO SIZE 6.9 % 09/30/2024 EST. YIELD
20 LOANS & LEASES: INSTITUTIONAL BANKING LOAN PORTFOLIO PRIMARILY COMPRISED OF SECURITIES & CASH VALUE LIFE INSURANCE LENDING % OF PORTFOLIO PRINCIPAL BALANCE LOAN TYPE 55% $ 989 Securities - backed lines of credit (SBLOC) 31% 554 Insurance - backed lines of credit (IBLOC) 14% 249 Advisor Financing 100% $ 1,792 Total INSTITUTIONAL BANKING LOANS ($MILLIONS) 09/30/2024 % PRINCIPAL TO COLLATERAL PRINCIPAL BALANCE 41% $ 9 84% 8 62% 8 63% 8 44% 7 57% 5 65% 5 58% 5 56% 5 43% 5 58% $ 65 Total TOP 10 SBLOC LOANS ($MILLIONS) 09/30/2024 SECURITIES - BACKED LINES OF CREDIT • Nominal historical credit losses • Underwriting standards of generally 50% to equities and 80% or more to fixed income securities INSURANCE - BACKED LINES OF CREDIT • Nominal historical credit losses • Loans backed by the cash value of insurance policies PORTFOLIO ATTRIBUTES
21 LOANS & LEASES: SMALL BUSINESS LENDING SMALL BUSINESS LENDING $ 968 B Q3 2024 PORTFOLIO SIZE 7.5 % 09/30/2024 EST. YIELD BUSINESS OVERVIEW: • Established a distinct platform within the fragmented SBA market − National portfolio approach allows pricing and client flexibility − Solid credit performance demonstrated over time − Client segment strategy tailored by market STRATEGIC OUTLOOK: • Continue delivering growth within existing small business lending platform while entering new verticals and growing the SBAlliance ® • SBAlliance ® program provides lending support to banks and financial institutions who need SBA lending capabilities through products such as: − Wholesale loan purchases − Vertical focus with expansion of funeral home lending program SBA AND OTHER SMALL BUSINESS LENDING ~$ 800 K AVERAGE 7(a) LOAN SIZE
22 LOANS & LEASES: STRONG COLLATERAL & GOVERNMENT GUARANTEES SMALL BUSINESS LENDING SMALL BUSINESS LOANS BY TYPE 1 ($MILLIONS) 09/30/2024 SMALL BUSINESS LOANS BY STATE 1 ($MILLIONS) 09/30/2024 TOTAL SBL NON - REAL ESTATE SBL CONSTRUCTION SBL COMMERCIAL MORTGAGE STATE $ 134 $ 5 $ 3 $ 126 California 85 4 5 76 Florida 51 5 1 45 North Carolina 34 2 - 32 New York 33 13 - 20 Pennsylvania 30 6 3 21 Texas 28 7 - 21 New Jersey 28 1 2 25 Georgia 123 23 2 98 Other States $ 546 $ 66 $ 16 $ 464 Total TOTAL SBL NON - REAL ESTATE SBL CONSTRUCTION SBL COMMERCIAL MORTGAGE TYPE $ 88 $ - $ - $ 88 Hotels (except casino hotels) and motels 48 28 - 20 Funeral homes and funeral services 33 2 2 29 Full - service restaurants 25 1 1 23 Child day care services 20 - 4 16 Car washes 17 - - 17 General line grocery merchant wholesalers 16 - - 16 Homes for the elderly 15 - - 15 Outpatient mental health and substance abuse centers 14 - - 14 Gasoline stations with convenience stores 10 2 - 8 Fitness and recreational sports centers 9 - - 9 Nursing care facilities 9 - - 9 Lawyer's office 8 3 1 4 Limited - service restaurants 7 - - 7 Caterers 227 30 8 189 Other $ 546 $ 66 $ 16 $ 464 Total 1 Excludes the government guaranteed portion of SBA 7(a) loans and PPP loans. TYPE DISTRIBUTION • Diverse product mix • Commercial mortgage and construction are generally originated with 50% - 60% LTV’s GEOGRAPHIC DISTRIBUTION • Diverse geographic mix • Largest concentration in California representing 24% of total PORTFOLIO ATTRIBUTES
23 LOANS & LEASES: COMMERCIAL FLEET LEASING COMMERCIAL FLEET LEASING BUSINESS OVERVIEW: • Niche provider of vehicle leasing solutions − Focus on smaller fleets (less than 150 vehicles) − Direct lessor (The Bancorp Bank, N.A. sources opportunities directly and provides value - add services such as outfitting police cars) − Historical acquisitions of small leasing companies have contributed to growth • Mix of commercial (~85%), government agencies and educational institutions (~15%) STRATEGIC OUTLOOK: • Continue enhancing platform and growing balances − Enhanced sales process and support functions − Pursuing technology enhancements to scale business with efficiency • Constantly evaluating organic and inorganic growth opportunities in the vehicle space FLEET LEASING SOLUTIONS $ 712 M Q3 2024 PORTFOLIO SIZE 8.1 % 09/30/2024 EST. YIELD
24 LOANS & LEASES: COMMERCIAL FLEET LEASING PORTFOLIO COMMERCIAL FLEET LEASING • Largest concentration is construction and government sectors • Of the $712M total portfolio, $648M are vehicle leases with the remaining $64M comprised of equipment leases PORTFOLIO ATTRIBUTES TOTAL BALANCE TYPE 18% $ 131 Government agencies and public institutions 16% 112 Construction 14% 97 Waste management and remediation services 12% 86 Real estate and rental and leasing 4% 29 Health care and social assistance 3% 22 Other services (except public administration) 3% 22 Professional, scientific, and technical services 3% 21 General freight trucking 2% 14 Finance and insurance 2% 13 Transit and other transportation 1% 10 Wholesale trade 1% 7 Educational services 21% 148 Other and non - classified 100% $ 712 Total DIRECT LEASE FINANCING BY STATE ($MILLIONS) 09/30/2024 TOTAL BALANCE STATE 15% $ 108 Florida 10% 70 New York 8% 58 Utah 7% 49 California 6% 45 Connecticut 6% 42 Pennsylvania 6% 39 New Jersey 5% 36 North Carolina 5% 36 Maryland 4% 26 Texas 3% 19 Idaho 2% 16 Washington 2% 14 Ohio 2% 14 Georgia 2% 13 Alabama 17% 127 Other states 100% $ 712 Total DIRECT LEASE FINANCING BY TYPE ($MILLIONS) 09/30/2024
FINANCIAL REVIEW
26 FINANCIAL REVIEW: EARNINGS AND PROFITABILITY REVENUE GROWTH HAS SIGNIFICANTLY EXCEEDED EXPENSE GROWTH 1 Revenue includes net interest income and non - interest income. Please see Appendix slide 31. 2 Non - interest income as percentage of average assets ranks in top 11% of the uniform bank performance report peer group through Q 2 2024. $0 $25 $50 $75 $100 $125 $150 $175 $200 $225 2021 2022 2023 Q3 YTD 2023 Q3 YTD 2024 NON - INTEREST EXPENSE $ Millions $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 2021 2022 2023 Q3 YTD 2023 Q3 YTD 2024 REVENUE 1 $ Millions HIGHLIGHTS • Net interest income growth driven by increased NIM from heightened interest rate environment • Greater ratio of non - interest income to total assets compared to peers 2
27 FINANCIAL REVIEW: LOAN LOSS RESERVE ALLOWANCE FOR CREDIT LOSSES PRIMARILY REFLECTS OUR CHARGE - OFF HISTORY 1 Please see Appendix slide 32 for GAAP to Non - GAAP reconciliation of adjusted allowance for credit losses to GAAP allowance for c redit losses as % of adjusted loan balance (excluding SBLOC & IBLOC). HIGHLIGHTS • Nominal charge - offs for REBL, SBLOC, & IBLOC • SBA 7(a) loans are ~75% U.S. government guaranteed • SBA 504 loans have 50% - 60% loan to value ratios at origination $0 $5 $10 $15 $20 $25 $30 $35 2020 2021 2022 2023 Q3 2024 ALLOWANCE FOR CREDIT LOSSES ($MILLIONS) Small Business HELOC/Consumer/Other SBLOC/IBLOC/Advisor Financing 0.5% 0.5% 0.4% 0.5% 0.6% Allowance for credit losses as % of loan balance 0.7% 0.7% 0.7% 0.9% 1.4% Adjusted allowance for credit losses as % of loan balance (excluding SBLOC & IBLOC) 1 Leasing Real Estate Bridge Lending
28 FINANCIAL REVIEW: HISTORICAL CAPITAL POSITION CAPITAL POSITION HIGHLIGHTS • Completed $200M common stock repurchase Q3 YTD • Planned common stock repurchase of $150M in 2025 • Corporate governance requires periodic assessment of capital minimums • Capital planning includes stress testing for unexpected conditions and events 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 2021 2022 2023 Q3 2024 5.0% 10.9% 12.4% 10.7% 10.9% Tier 1 Leverage Ratio 8% 15% 17% 15% 15% Tier 1 Risk - based Capital Ratio (RBC) 1 10% 16% 18% 15% 16% Total Risk - based Capital Ratio Tier 1 RBC Ratio Total RBC Ratio Tier 1 Leverage Ratio THE BANCORP BANK, N.A. CAPITAL RATIOS Well - capitalized minimum 1 Common Equity Tier 1 to risk weighted assets is identical to Tier 1 risk - based ratio and has a 6.5% well capitalized minimum. 2 Common stock repurchase may be modified without notice at any time.
29 HISTORICAL PERFORMANCE AND LONG - TERM TARGETS FINANCIAL REVIEW: EARNINGS AND PROFITABILITY LONG - TERM TARGETS Q3 YTD 2024 2023 2022 2021 PERFORMANCE METRICS >40% 26.6% 25.6% 19.3% 17.9% ROE > 4.0% 2.8% 2.59% 1.81% 1.68% ROA $3.15 $3.49 $2.27 $1.88 EPS >10% 10.9% 12.4% 10.7% 10.9% Bancorp Bank, N.A. Leverage Ratio <$10B $8.1B $7.7B $7.9B $6.8B Total Assets 40% 41% 48% 53% Efficiency Ratio 1 1 Please see Appendix slide 31 for calculation of efficiency ratio. Decreases in the efficiency ratio indicate greater efficien cy, i.e., lower expenses vs higher revenue.
APPENDIX
31 GAAP REVENUE & EFFICIENCY RATIO CALCULATIONS APPENDIX ($ millions) Q3 YTD 2024 Q3 YTD 2023 2023 2022 2021 The Bancorp $ 281,945 $ 261,893 $ 354,052 $ 248,841 $ 210,876 Net interest income 92,212 85,105 112,094 105,683 104,749 Non - interest income 374,157 346,998 466,146 354,524 315,625 Total revenue 8% 31% 12% 13% Growth (Current period over previous period) $ 151,413 $ 145,432 $ 191,042 $ 169,502 $ 168,350 Non - interest expense 40% 42% 41% 48% 53% Efficiency Ratio 1 Payments non - interest income (Fintech Solutions business line) $ 9,856 $ 7,153 $ 9,822 $ 8,935 $ 7,526 ACH, card, and other payment processing fees 72,948 67,013 89,417 77,236 74,654 Prepaid, debit card, and related fees 1,740 - - - - Consumer credit fintech fees $ 84,544 $ 74,166 $ 99,239 $ 86,171 $ 82,180 Total payments (Fintech Solutions) non - interest income 23% 21% % of Total revenue 1 The efficiency ratio is calculated by dividing GAAP total non - interest expense by the total of GAAP net interest income and non - interest income. This ratio compares revenues generated with the amount of expense required to generate such revenues and may be used as one measure of overall efficiency.
32 RECONCILIATION OF NON - GAAP FINANCIAL METRICS TO GAAP APPENDIX ($ millions) Q3 2024 2023 2022 2021 2020 $ 31,004 $ 27,378 $ 22,374 $ 17,806 $ 16,082 Allowance for credit losses on loans and leases GAAP 772 814 1,167 964 775 Allowance for credit losses on SBLOC & IBLOC 30,232 26,564 21,207 16,842 15,307 Adjusted allowance for credit losses excluding SBLOC & IBLOC 5,906,616 5,361,139 5,486,853 3,747,224 2,652,323 Total loans and leases GAAP 1,543,215 1,627,285 2,332,469 1,929,581 1,550,086 SBLOC & IBLOC $ 4,363,401 $ 3,733,854 $ 3,154,384 $ 1,817,643 $ 1,102,237 Adjusted total loans and leases excluding SBLOC & IBLOC 0.5% 0.5% 0.4% 0.5% 0.6% Allowance for credit losses as % of total loans and leases balance GAAP 0.7% 0.7% 0.7% 0.9% 1.4% Adjusted allowance for credit losses as % of adjusted total loans and leases balance 1 1 Management excludes SBLOC and IBLOC in certain of its internal analysis, due to the nature of the related loan collateral. S BLO C are collateralized by marketable securities, with loan to values based upon guideline percentages which vary based upon security type. IBLOC are collateralized by the ca sh value of life insurance.