Exhibit 99.2
the bancorp2024年10月投资者介绍
2. 披露本演示文稿中有关The Bancorp, Inc.（“The Bancorp”）业务的声明, 如果不是历史事实, 则为“前瞻性陈述。” 这些陈述可能通过使用前瞻性术语来识别，包括“打算,” “可能,” “相信,” “将,” “期待,” “展望,” “预计,” “继续,” 或类似词语。前瞻性陈述包括但不限于，关于我们2024财年的年度结果，盈利能力和增加交易量的声明，并涉及我们关于当前假设，预测和期望的业务以及未来事件的相关内容，其中包括有关重要经济，政治和技术因素的当前预期，以及其他因素，存在风险和不确定性，这可能导致实际结果，事件或成就与前瞻性声明和相关假设中所陈述或暗示的结果大不相同。导致结果与前瞻性声明中所表达的不同的因素还包括，但不限于，The Bancorp向美国证券交易委员会提交的文件中涉及的风险和不确定性，包括公司年度报告的“Risk Factors”和“Management’s Discussion and Analysis of Financial Condition and Results of Operations”章节。2023年12月31日结束的财年的表格10 - k等文件。The Bancorp不承担公开修订或更新本演示文稿中的前瞻性声明的责任，以反映本演示文稿日期后出现的事件或情况，除非根据适用法律规定。 本演示文稿包含根据与美国通常公认会计原则（“GAAP”）不符合的方法计算和呈现的财务结果信息，例如附录中确定的方法。因此，此类信息可能不符合SEC法规，包括S-X号，可能会在与SEC的提交中进行调整和不同呈现。本演示文稿中使用的任何非GAAP财务指标均是作为而不应被视为，按照GAAP编制的财务报表的优越性或替代物。非GAAP财务指标受到重大固有限制。此处提供的非GAAP措施可能无法与其他公司提出的类似非GAAP措施进行比较。本演示文稿包括市场，行业和经济数据，这些数据是从各种公开来源和公司认为可靠的其他来源获得的。尽管公司认为它是可靠的，但公司尚未独立验证本演示文稿中来自第三方来源的任何数据，或分析或验证第三方参考或引用的基础报告，或明确第三方来源所依赖的基础经济和其他假设。公司相信其市场，行业和经济数据是准确的，并且其估计和假设是合理的，但无法保证其准确性或完整性。过去的表现不能说明也不能保证未来结果。The Bancorp向SEC提交的文件的副本可免费从SEC网站www.sec.gov以及从The Bancorp的网站www.thebancorp.com免费获得。前瞻性陈述和其他披露
财务业绩表现强劲。截至 2024 年 Q3 YTD，2024 年 2023 年 2022 年 2021 年，营业收入增长率分别为 8% 31% 12% 13%。回报率 ROE 扶植率为 2.8% 2.6% 1.8% 1.7%，资产回报率 ROA 分别为 40% 41% 48% 53%，效率比率为 1 可扩展的平台。关键财务指标 请参考附录幻灯片 31 以了解营收增长与同期效率比率的对比。盈利水平不断提高，平台提供操纵杠杆，充分利用利率环境。持续的业绩，the bancorp 持续提供优质的财务表现。
4盈利指引提供了强劲的财务表现指引。我们2025年初步指引为每股5.25美元，因为我们在整个平台上保持强劲的动力。2024年的指引包括通过第三季度的股票回购影响，而2025年初步指引不包括2025年股票回购的影响。此外，指引假定实现管理层在本演示文稿的其他部分以及其他预算目标中所述的战略目标。$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核心业务模式FinTech解决方案产生非利息收入，并吸引稳定、低成本的存款，投资于专业市场 the bancorp 业务模式FinTech解决方案 通过提供卡片赞助、促进其他支付活动和FinTech借贷来支持FinTech公司 商业贷款 小型企业贷款和商业车队租赁 + 机构银行 为财富管理公司提供贷款解决方案 房地产桥梁贷款 专注于特定市场的劳动力住房 支付 领先市场的支付活动产生稳定的非利息收入和较低成本存款 贷款 在专业类别中提供利基贷款和FinTech借贷
6 金融科技合作伙伴 银行 金融领导者 付款网络 通过信用卡网络方便各方之间的支付。 方案管理人员 客户面向平台 为客户提供高度可伸缩的银行解决方案，重点放在客户获取和科技方面。 监管机构 监督国内银行业务和支付活动。 处理器 后勤支持 方案管理人员 提供记录保留和核心平台服务。 金融科技生态系统 通过为广泛的客户组合提供业内领先的卡发行、支付便利和监管专业知识，促进金融科技公司的发展
专业贷款业务业务线业务业务核心贷款业务由我们的专业贷款活动组成 机构银行1800000000美元强调核心业务线并增加相关产品，并进入相邻市场保持在信用赞助机会上的优势保持资产负债表灵活性，使其达到100亿美元的总资产 房地产桥梁贷款2300000000美元 小型企业1000000000美元 租赁700000000美元 核心贷款业务 截至2024年第三季度总计6100000000美元已建立的运营平台 具有规模化的科技、运营和销售平台 跨越贷款业务以支持持续增长的战略展望 消费者金融科技贷款3亿美元
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.