Bancorp, Inc. reported second-quarter 2026 results with revenue of $132M, net income of $60.7M and diluted EPS of $1.45, reflecting modest earnings growth versus the year-ago quarter despite a decline in total interest income.
Financial Highlights
- Revenue: $132.0M interest income in Q2 2026, down from $143.1M in Q2 2025 ( (7.7%) ).
- Net income: $60.7M for Q2 2026, versus $59.8M in Q2 2025 (1.4%).
- Diluted EPS: $1.45 for Q2 2026, versus $1.27 in Q2 2025 (14.2%).
Business Highlights
- Fintech fee revenue increased to $40.9M in Q2, up 14.7% year over year, driven by higher card gross dollar volume (GDV) and consumer credit fees.
- Strategic shift toward fintech partnerships continued: fintech loans grew 32% year over year and roughly 96% of deposits are now sourced from fintech partners.
- Card GDV rose 22.5% YoY to $53.5B in Q2, reflecting growth across prepaid/debit and payment processing volumes.
- Management cited continued investment in infrastructure and AI to improve efficiency and support scalable growth without proportional expense increases.
- Active liquidity and balance-sheet management — including sweeps and pledged lines — are being used to keep assets under $10B and optimize funding for operations.
Original SEC Filing:
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