#1THE BANCORP 0 PI 4890 INVESTOR PRESENTATION JULY 2021 The Bancorp#22 The Bancorp DISCLOSURES FORWARD LOOKING STATEMENTS & OTHER DISCLOSURES Statements in this presentation regarding The Bancorp, Inc.'s business that are not historical facts are "forward-looking statements". These statements may be identified by the use of forward-looking terminology, including the words "may," "believe," "will," "expect," "anticipate," "estimate," "intend," "plan," or similar words, and are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results, events or achievements to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. These risks and uncertainties include those relating to the on-going COVID-19 pandemic, the impact it will have on the company's business and the industry as a whole, and the resulting governmental and societal responses. For further discussion of these risks and uncertainties, see the "risk factors" sections contained, in The Bancorp, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2020 and in its other public filings with the SEC. In addition, these forward-looking statements are based upon assumptions with respect to future strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements. The forward-looking statements speak only as of the date of this presentation. The Bancorp, Inc. does not undertake to publicly revise or update forward-looking statements in this presentation to reflect events or circumstances that arise after the date of this presentation, except as may be required under applicable law. This presentation contains information regarding financial results that is calculated and presented on the basis of methodologies other than in accordance with accounting principles generally accepted in the United States ("GAAP"). This presentation may contain statistics and other data that in some cases has been obtained from or compiled from information made available by third-party service providers. The Bancorp, Inc. makes no representation or warranty, express or implied, with respect to the accuracy, reasonableness or completeness of such information. Past performance is not indicative nor a guarantee of future results. Copies of the documents filed by The Bancorp, Inc. with the SEC are available free of charge from the website of the SEC at www.sec.gov as well as on The Bancorp, Inc.'s website at www.thebancorp.com. This presentation is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Neither the SEC nor any other regulatory body has approved or disapproved of the securities of The Bancorp, Inc. or passed upon the accuracy or adequacy of this presentation. Any representation to the contrary is a criminal offense.#33 The Bancorp FINANCIAL PERFORMANCE SUSTAINED 0 PERFORMANCE The Bancorp is continuing to deliver high quality financial performance across key financial metrics. THE BANCORP HAS DELIVERED STRONG FINANCIAL PERFORMANCE KEY FINANCIAL METRICS 2019 2020 Q2 YTD 2021 PROFITABILITY ROE 12% 15% 19%1 Increasing levels of profitability GROWTH REVENUE GROWTH2 15% 15% 16% Consistent double digit growth SCALABLE PLATFORM EFFICIENCY RATIO 69% 59% 54% Platform delivering operating leverage 1Annualized for the six months ended June 30, 2021. 2Revenue growth represents full year 2019 and 2020 over previous respective years and Q2 YTD 2021 over Q2 YTD 2020. 2020 revenue adjusted for net losses on commercial loans at fair value. 2018 revenue adjusted for sale of safe harbor IRA portfolio and change in value of unconsolidated entity, in 2019 growth calculation.#44 2021 GUIDANCE We are increasing our 2021 guidance from $1.70 per share to $1.78 as we maintain strong momentum in our fintech solutions business and lending activities. The Bancorp 20 21 EARNINGS GUIDANCE OUR BUSINESS PLAN OUTLINES THE PATH TO EXPAND OUR LEADERSHIP AMONG PEER BANKS AND IN THE PAYMENTS INDUSTRY $2.00 EARNINGS PER SHARE $1.75 $1.50 $1.25 $1.00 $0.90 $0.75 $0.50 $0.25 $1.37 $0.94 $1.78 INCREASED 2021 GUIDANCE $0.00 2019 2020 Q2 YTD 2021 2021 Target#55 сл The Bancorp INDUSTRY LEADERSHIP RECOGNIZED PERFORMANCE At The Bancorp, we strive for excellence and have been recognized in the market as a leader across a variety of industry rankings. FINANCIAL INDUSTRY LEADER S&P SmallCap 600® S&P SMALL CAP 600 ADDED TO RATING MAY 2021 N. NILSON REPORT NILSON REPORT RANKED #7 DEBIT ISSUING BANK APRIL 2021 FORTUNE FORTUNE 100 FASTEST GROWING COMPANY RANKED #28 OCT. 2020 The Bancorp TIM PAYMENT AND CARD SOLUTION PROVIDERS-2020 Recognized by сто Outlook CIO OUTLOOK TOP PAYMENT & CARD SOLUTIONS PROVIDER JUL. 2020 EQUAL O 2020 BAZINE NITY OPPORTUNI TOP 50 EMPLOYER GAZINE QUAL OP Oddo EQUAL OPPORTUNITY PUBLICATION TOP EMPLOYER READERS CHOICE MAR. 2021 RANKED #29 MAR. 2020 - RANKED #46 The Bancorp, Inc. INASDAQ:TBBK) MOST PROMISING BANKING TECHNOLOGY SOLUTION PROVIDERS 2020 Awarded by CIOReview CIO REVIEW TOP BANKING TECHNOLOGY SOLUTIONS PROVIDER FEB. 2020 N. NILSON REPORT NILSON REPORT RANKED #1 PREPAID CARD ISSUER JUNE 2021 IPA Innovative Payments Association IPA CONSUMER CHAMPION APR. 2021#66 The Bancorp FINTECH ECOSYSTEM FINTECH LEADERSHIP THE BANCORP IS A KEY PLAYER IN THE PAYMENTS ECOSYSTEM 0 FINTECH ECOSYSTEM Enabling fintech companies by providing industry leading card issuing, payments facilitation and regulatory expertise to a highly diversified portfolio of clients. PROGRAM MANAGERS CLIENT FACING platforms deliver highly scalable banking solutions to customers with emphasis on customer acquisition and technology. PayPal chime® PROCESSORS BACK-OFFICE support for program managers providing record keeping and core platform services. GALILEO fiserv. The Bancorp PAYMENT NETWORKS FACILITATE payments between parties via the card networks. VISA mastercard REGULATORS OVERSIGHT of domestic banking and payments activities. FDIC UNITED STATES#77 The Bancorp CREDIT ROADMAP CREDIT ROADMAP 0 We created a credit roadmap which outlines multi-year growth strategies across our specialized lending business lines. SPECIALIZED LENDING BUSINESS LINES AND CREDIT ROADMAP CORE LENDING BUSINESSES AS OF Q2 2021 Institutional Banking Real Estate Bridge Lending Small Business $1.8B $ $1.5B $0.8B 888 Leasing $0.5B CREDIT ROADMAP TOTAL $4.6B Established Operating Platform Scalable technology, operations and sales platforms across lending business to support sustained growth Emphasis on core business lines with expectation to add related products and enter adjacent markets Re-enter commercial real estate bridge lending business with focus on multi-family assets Remain positioned to capitalize on credit- linked payments opportunities Maintain balance sheet flexibility as we approach $10B in total assets#88 The Bancorp THE BANCORP BUSINESS MODEL OUR STRATEGIC POSITIONING SHOULD DRIVE EARNINGS AND PROFITABILITY HIGHLIGHTS Our platform can deliver growth from our specialized lending activities while remaining positioned to capitalize on new and higher- growth fintech partnerships. 7 $ 기 NON-BANK FINANCIAL TECHNOLOGY COMPANIES (FINTECH) Rapid growth Technology driven Alternatives to traditional banking We participate in the high-growth fintech markets by partnering with leading companies + Our specialized lending businesses are supported by an established operating platform and have delivered meaningful growth $ SPECIALIZED COMMERCIAL BANKS Efficient platforms Products in focused markets Higher growth than traditional banking We can achieve our long-term financial targets by maintaining flexibility to capitalize on growth opportunities in both fintech and specialty commercial banking.#9a The Bancorp FINANCIAL TARGETS FINANCIAL TARGETS 0 Our multi-year plan outlines the path to deliver shareholder value by activating payments ecosystem 2.0, executing on our credit roadmap and enhancing our capital return program. INTRODUCING OUR 2025 PLAN ° PAYMENTS ECOSYSTEM Activate Payments Ecosystem 2.0 VISION 500 CREDIT ROADMAP Established the plan to optimize our balance sheet EA $ CAPITAL RETURN Enhance plan to maximize capital return to shareholders LONG-TERM FINANCIAL TARGETS TOTAL REVENUE ROE ROA LEVERAGE 9% >$500 Million >22% >2%#1010 FINTECH SOLUTIONS GENERATES NON-INTEREST INCOME AND ATTRACTS STABLE, LOW- COST DEPOSITS DEPLOYED INTO LOWER RISK ASSETS IN SPECIALIZED MARKETS THE BANCORP BUSINESS MODEL о FINTECH SOLUTIONS Enabling fintech companies by providing card sponsorship and facilitating other payments activities PAYMENTS & DEPOSITS Market-leading payments activities generate non-interest income and stable, lower-cost deposits LENDING Highly specialized lending products in high-growth markets The Bancorp THE BANCORP BUSINESS MODEL INSTITUTIONAL BANKING Lending solutions for wealth management firms + COMMERCIAL LENDING Small business lending and commercial fleet leasing Real Estate Bridge Lending Focus on multifamily assets in high-growth markets#11DEPOSITS & FEES: 0 PPS pal PAYMENTS BUSINESS GENERATES NON-INTEREST INCOME AND STABLE, LOWER-COST DEPOSITS 446 The Bancorp#12The Bancorp FINTECH SOLUTIONS: FEE GENERATING ACTIVITIES OUR FINTECH SOLUTIONS BUSINESS ENABLES LEADING FINTECH COMPANIES 12 DEBIT PROGRAM MANAGERS (CHALLENGER BANKS) PayPal chime SoFi 8 PREPAID/STORED VALUE PROGRAM MANAGERS GOVERNMENT CORPORATE SERVICES HEALTHCARE GIFT N. NILSON REPORT #7 Debit Issuing Bank 2020 N. NILSON REPORT #1 Prepaid Issuing Bank 2020 The Bancorp 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 27% % TOTAL BANK REVENUE Q2 YTD 20211 19% GROSS DOLLAR VOLUME GROWTH 2 Includes non-interest income from prepaid and debit card issuance plus ACH, card and other payments processing fees. 202 YTD 2021 vs Q2 YTD 2020.#13The Bancorp FINTECH SOLUTIONS: ESTABLISHED OPERATING PLATFORM . HIGHLY SCALABLE PLATFORM TO SUPPORT OUR STRATEGIC PARTNERS ESTABLISHED OPERATING PLATFORM Infrastructure in place to support significant growth Long-term relationships with multiple processors enables 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#14The Bancorp 14 FINTECH SOLUTIONS: STABLE, LOWER-COST DEPOSIT GENERATOR DEPOSIT GROWTH FROM PAYMENTS BUSINESSES AVERAGE DEPOSITS BY PERIOD (MILLIONS) $5,564 $6,086 Other $7,000 $6,500 $6,000 $5,500 $5,000 $4,500 $4,025 $3,819 $3,812 $3,862 $4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 2016 2017 2018 2019 2020 Q2 YTD 2021 (Includes time deposits¹ and other legacy deposit programs) Institutional Banking (checking and money market for higher net worth individuals) • HIGHLIGHTS Stable, lower-cost deposit base anchored by multi-year, contractual relationships in our payments businesses Fintech Solutions growth driven by increased transactional volume due to favorable tailwinds from stimulus, electronic banking migration and overall savings increases among consumers DEPOSIT TYPE (AVG².) Demand & Int. checking BALANCE % TOTAL $5.6B 92% Fintech Solutions Group (Prepaid and Debit Card Issuance and other payments) Savings & money market 0.5B 8% Time deposits¹ 0% Total $6.1B 100% Savings & Money Market 8% Time Deposits 0% COST OF DEPOSITS 0.30% 0.38% 0.67% 0.85% 0.12% 1 Time deposits have rarely been used due to lower cost deposit growth and previous balances are included in "Other". 2 Average for Q2 YTD 2021 0.11% Demand & Int. checking 92%#15BLO PPS Pa LOANS & LEASES: HIGHLY SPECIALIZED LENDING WITH LOW LOSS HISTORIES The Bancorp#16The Bancorp LOANS & LEASES: CREDIT ROADMAP KEY CONSIDERATIONS FOR GROWTH GUIDELINES WE CONSIDERED AS WE BUILT OUR CREDIT ROADMAP MANAGE CREDIT RISK TO DESIRED LEVELS IMPROVE NIM AND MONITOR INTEREST RATE SENSITIVITY --> Building an asset mix that drives earnings and profitability while maintaining desired credit and interest rate risk characteristics CREDIT ROADMAP Delivering enterprise value from our balance sheet is an important element of our business strategy and a primary focus of our credit roadmap initiative. MANAGE REAL ESTATE EXPOSURE TO CAPITAL LEVELS MAINTAIN FLEXIBILITY AS WE APPROACH $10B TOTAL ASSETS 16#17The Bancorp LOANS & LEASES: STRONG COLLATERAL AND GOVERNMENT GUARANTEES LOWER CREDIT RISK LOAN PORTFOLIO BUSINESS LINE Institutional Banking Real Estate Bridge Lending Small Business Lending Commercial Fleet Leasing Other Total principal BALANCE SHEET CATEGORY Securities-backed lines of credit (SBLOC) (A) Insurance-backed lines of credit (IBLOC) (B) Advisor Financing Total Q2 2021 PRINCIPAL BALANCE ($ MILLIONS) % OF TOTAL PORTFOLIO 1,133 25% 597 12% 72 2% 1,802 39% Multifamily commercial real estate (C) Hospitality commercial real estate 1,323 29% 75 2% Retail commercial real estate Other Total 44 <1% 28 <1% 1,470 32% U.S. government guaranteed portion of SBA loans (D) 358 8% Paycheck Protection Program Loans (PPP) (D) Commercial mortgage SBA (E) 129 3% 189 4% Unguaranteed portion of U.S. govn't guaranteed loans 106 2% Non-SBA small business loans 18 <1% Construction SBA 9 <1% Total 809 18% Leasing (F) Other 506 11% 6 <1% $ 4,593 100% LOWER CREDIT LOSS NICHES A. SBLOC loans are backed by marketable securities with nominal credit losses B. IBLOC loans are backed by the cash value of life insurance policies with nominal credit losses C. Comprised of apartment buildings in carefully selected areas. Loans are on books at 99 dollar price 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 17#18The Bancorp LOANS & LEASES: INSTITUTIONAL BANKING INSTITUTIONAL BANKING LENDING AND BANKING SERVICES FOR WEALTH MANAGERS $1.8 B PORTFOLIO SIZE 18 • BUSINESS OVERVIEW: Automated loan application platform, Talea, provides industry-leading speed and delivery Securities-backed lines of credit provide fast and flexible liquidity for investment portfolios • Insurance-backed lines of credit provide fast and flexible borrowing against the cash value of life insurance Advisor Finance product provides capital to transitioning financial advisors to facilitate M&A, debt restructuring, and the development of succession plans Deposit accounts for wealth management clients • Nominal historical credit losses • CREDIT ROADMAP: Continue momentum across current SBLOC, IBLOC and Advisor Finance products Evaluate new lending opportunities in adjacent markets Market dynamics support business model Advisors shifting from large broker/dealers to independent platforms Sector shift to fee-based accounts Emergence of new wealth management providers 2.5% 6/30/2021 EST. YIELD The Bancorp's Business Model allows us to build banking solutions to "spec" without competing directly with our partner firms. We do not have any associated asset managers, proprietary advisory programs, or related programs. Our singular focus is to help our partner firms stay competitive in the marketplace and to grow and retain assets. ALWAYS A PARTNER, NEVER A COMPETITOR#19The Bancorp LOANS & LEASES: INSTITUTIONAL BANKING LOAN PORTFOLIO INSTITUTIONAL BANKING PRIMARILY COMPRISED OF SECURITIES & CASH VALUE LIFE INSURANCE LENDING INSTITUTIONAL BANKING LOANS ($MILLIONS) 6/30/2021 PORTFOLIO ATTRIBUTES TOP 10 SBLOC LOANS ($MILLIONS) 6/30/2021 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 LOAN TYPE PRINCIPAL BALANCE % OF PORTFOLIO PRINCIPAL BALANCE % PRINCIPAL TO COLLATERAL Securities-backed lines of credit (SBLOC) $ 1,133 63% 60 41% • Insurance-backed lines of credit (IBLOC) 597 33% 17 37% Advisor Financing 72 4% 16 54% Total 1,802 100% 14 26% 12 29% 10 38% 9 30% 8 71% 8 23% 8 51% Total ŁA $ 162 40% 19#20The Bancorp LOANS & LEASES: SMALL BUSINESS LENDING SMALL BUSINESS LENDING SBA AND OTHER SMALL BUSINESS LENDING $809M PORTFOLIO SIZE 20 20 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 • CREDIT ROADMAP: 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 Interim bridge financing for small business owners Participated in the Payroll Protection Program (PPP) and originated ~$300M in short term loans, 5.0% 6/30/2021 EST. YIELD ~$700k AVERAGE 7(a) LOAN SIZE#21The Bancorp LOANS & LEASES: STRONG COLLATERAL & GOVERNMENT GUARANTEES PORTFOLIO ATTRIBUTES 21 SMALL BUSINESS LENDING SMALL BUSINESS LOANS BY TYPE 1 ($MILLIONS) SMALL BUSINESS LOANS BY STATE1 ($MILLIONS) 6/30/2021 SBL 6/30/2021 SBL TYPE COMMERCIAL MORTGAGE SBL SBL NON-REAL CONSTRUCTION ESTATE TOTAL STATE COMMERCIAL MORTGAGE CONSTRUCTION SBL SBL NON-REAL ESTATE TOTAL $ 54 $ $ 8 $ 62 Hotels $ 66 $ 3 $ $ 69 Florida 1 4 47 Full-Service Restaurants 16 1 3 20 California 42 TYPE DISTRIBUTION • Diverse product mix Commercial mortgage and construction are generally originated with 50%-60% LTV's 2 3 28 Child Day Care Services 1 17 North Carolina 23 16 GEOGRAPHIC DISTRIBUTION 3 26 Baked Goods Stores 4 11 15 Pennsylvania 23 Car Washes 10 2 12 3 5 25 New York 17 Assisted Living Facilities 10 10 10 3 25 Illinois 22 • Offices of Lawyers 9 9 сл 17 Texas 12 Diverse geographic mix Largest concentration in Florida representing 19% of total Lessors of 6 13 9 1 9 Nonresidential Buildings New Jersey 7 2 11 Funeral Homes 8 8 Virginia 6 Limited-Service 1 11 2 5 8 Tennessee 10 Restaurants 2 9 General Warehousing 7 Georgia 7 and Storage 7 4 2 9 All Other Amusement Colorado 1 6 and Recreation 5 Michigan 33 2 5 Outpatient Mental 5 5 3 Health Centers Washington 3 Other Spectator Sports 5 5 3 Ohio 3 Other 86 4 32 122 Other states 20 1 7 27 Total 258 $ 11 $ 53 $ 322 Total $ 258 $ 11 $ 53 $ 27 322 Excludes the government guaranteed portion of SBA 7a loans and PPP loans.#22The Bancorp LOANS & LEASES: COMMERCIAL FLEET LEASING COMMERCIAL FLEET LEASING D NICHE-VEHICLE FLEET LEASING SOLUTIONS • BUSINESS OVERVIEW: Niche provider of vehicle leasing solutions • Focus on smaller fleets (less than 150 vehicles) • Direct lessor (The Bancorp Bank 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%) and government-related business (~15%) • CREDIT ROADMAP: 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 $506M PORTFOLIO SIZE 22 222 6.0% 6/30/2021 EST. YIELD#23The Bancorp LOANS & LEASES: COMMERCIAL FLEET LEASING PORTFOLIO COMMERCIAL FLEET LEASING DIRECT LEASE FINANCING BY TYPE ($MILLIONS) 6/30/2021 DIRECT LEASE FINANCING BY STATE ($MILLIONS) 6/30/2021 PORTFOLIO ATTRIBUTES 223 OVERVIEW • Largest concentration is construction sector Of the $506M total portfolio, $465M is vehicle leases with the remaining $41M made up of equipment leases TYPE BALANCE TOTAL STATE BALANCE TOTAL • Construction Government agencies and public institutions** Real Estate and Rental and Leasing Waste management and remediation services Retail Trade Wholesale Trade $ 83 16% Florida $ 92 18% California 53 11% 77 15% New Jersey 37 7% 66 13% New York 33 6% 63 12% Pennsylvania 31 6% 48 10% Utah 31 6% Maryland 24 5% 40 8% North Carolina 24 5% Transportation and Warehousing 28 6% Texas 17 3% Health Care and Social Assistance 25 5% Connecticut 16 3% Professional, Scientific, and Technical 19 4% Washington 16 3% Services Missouri 14 3% Educational Services 16 3% Georgia 11 2% Manufacturing Finance and Insurance Other Total 15 3% Idaho 9 2% 7 1% Alabama 9 2% 19 4% Other states 89 18% $ 506 100% Total $ GA 506 100%#24The Bancorp LOANS & LEASES: REAL ESTATE BRIDGE LENDING REAL ESTATE BRIDGE LENDING 1000 ДДД Real estate bridge lending BUSINESS OVERVIEW: • Restarted floating rate bridge lending business in Q3 2021 • • Lending focus on multi-family assets in high-growth markets New production targeting to replace runoff from existing portfolio Long term the portfolio will be managed to remain below 300% of Tier 1 capital with no reliance on future securitizations PORTFOLIO ATTRIBUTES COMMERCIAL REAL ESTATE LOANS BY TYPE ($MILLIONS) 6/30/2021 TYPE # LOANS BALANCE ORIGINATION DATE LTV WEIGHTED AVG MIN INTEREST RATE % TOTAL Multifamily 136 $ 1,323 76% 4.8% 90% (apartments) Hospitality (hotels 11 75 65% 5.7% 5% and lodging) Retail 6 44 71% 4.7% 3% Other 7 28 70% 5.2% 2% Total 160 +A $ 1,470 75% 4.8% 100% OVERVIEW • • Vast majority of loans are multifamily including all of the top 15 exposures Existing loans treated as held for sale in "Commercial loans, at fair value" category on balance sheet Loans originated in 2021 and after will be held for investment and use the CECL methodology ASSET CLASSES % PORTFOLIO - MULTI-FAMILY - 90% LODGING - 5% RETAIL -3% OTHER -2% 24#25FINANCIAL REVIEW 0 4890 kaper 0000 D A The Bancorp#26The Bancorp FINANCIAL REVIEW: INTEREST RATE SENSITIVITY 3.2% NIM FOR Q2 2021 DESPITE 0% FRB Core Lending Businesses RATE ENVIRONMENT¹ Institutional Banking² Real Estate Bridge Lending Small Business³ Leasing Q2 BALANCE¹ ($MILLIONS) RATE SENSITIVITY $1,802 Majority of loan yields will increase as rates increase $1,470 4.8% avg. floor and yield will increase as rates exceed floors $680 Majority of loan yields will increase as rates increase $506 Fixed rates but short average lives Total $4,458 $6,086 Total Deposits Core Lending businesses account for 97% of the total $4,593 loans A majority of deposits adjust to a portion of rate changes in line with partner contracts HIGHLIGHTS ✓ Floating rate lending businesses include Real Estate Capital Markets, SBLOC, IBLOC and the majority of Small Business Deposits primarily comprised of prepaid and debit accounts, anchored by multi-year, contractual relationships ✓ Interest income should increase in higher interest rate environments 1Loans are as of June 30, 2021 and deposits are average balance for Q2 YTD 2021. 2Institutional Banking substantially comprised of securities backed loans and insurance backed loans. 3Excludes $129M of short-term PPP loans which are government guaranteed and deferred costs and fees. 26#27The Bancorp FINANCIAL REVIEW: EARNINGS AND PROFITABILITY REVENUE HAS GROWN CONSISTENTLY SINCE 2016 WHILE EXPENSES HAVE BEEN TIGHTLY MANAGED, CREATING OPERATING LEVERAGE $ Millions $300 CORE REVENUE 1 $ Millions NON-INTEREST EXPENSE $250 (17%) '16-'20 $200 +70% '16-'20 $250 $200 $150 $100 $50 $0 2016 2017 2018 2019 2020 Q2 YTD Q2 YTD 2020 2021 $150 $100 $50 $0 2016 2017 2018 2019 2020 Q2 YTD Q2 YTD 2020 2021 1Core revenue is net interest income plus non-interest income excluding net losses on commercial loans at fair value, gains/losses from sales of securities, changes in valuation to Walnut Street and the sales of Health Savings Accounts, the European payments business, and the IRA portfolio. 2Non-interest income as percentage of average assets ranks in top quartile of the uniform bank performance report peer group for 2020. • REVENUE Annual revenue growth driven by diverse product mix Net interest income growth driven by growth in balances across business lines Greater proportion of non-interest income compared to peers² EXPENSE Expenses have been tightly managed since 2017 Expense saves have continued to be realized and have funded critical BSA and other infrastructure which has attracted new clients 2019 includes a $7.5M civil money penalty related to consent order remediation. In 2020, subsequent to the civil money penalty, the related consent order was lifted 27#28The Bancorp FINANCIAL REVIEW: LOAN LOSS RESERVE ALLOWANCE FOR CREDIT LOSSES REFLECTS OUR LOWER-RISK LOAN PORTFOLIO $20 ALLOWANCE FOR CREDIT LOSSES ($MILLIONS) $18 $16 $14 $12 $10 $8 $6 $4 $2 $0 2017 2018 2019 2020 Q2 2021 Allowance for credit losses as % of loan 0.6% 0.6% 0.6% 0.6% 0.5% balance Allowance for credit losses as % of loan 1.2% 1.2% 1.2% 1.4% 1.2% balance (excluding SBLOC & IBLOC) HIGHLIGHTS 28 SBLOC/IBLOC/Advisor Financing HELOC/Consumer/Other CONTINUING OPERATIONS Decreases in allowance in Q2 2021 due to reversal of COVID driven adjustments and continued solid credit performance DISCONTINUED OPERATIONS Discontinued portfolio only 2% of total loans Leasing Small Business#29The Bancorp FINANCIAL REVIEW: HISTORICAL CAPITAL POSITION 25% 20% 15% 10% 5% CAPITAL POSITION THE BANCORP INC. CAPITAL RATIOS Total RBC Ratio Tier 1 Capital Ratio Tier 1 Leverage Ratio 0% 2017 2018 2019 2020 Q2 2021 Well-capitalized minimum Tier 1 Leverage Ratio 7.9% 10.1% 9.6% 9.2% 8.5% 5.0% Tier 1 Risk-based 16% 20% 19% 14% 15% 8% Capital Ratio (RBC)1 Total Risk-based Capital Ratio 17% 21% 19% 15% 16% 10% 1Tier 1 risk-based ratio is identical to Common Equity Tier 1 to risk weighted assets and has a 6.5% well capitalized minimum HIGHLIGHTS 29 20 • Established and executing share buyback program of $10M a quarter for 2021 Corporate governance requires periodic assessment of capital minimums Capital planning includes stress testing for unexpected conditions and events#30The Bancorp FINANCIAL REVIEW: EARNINGS AND PROFITABILITY WE HAVE BEEN EXECUTING AGAINST OUR STRATEGIC PLAN AND IMPROVING FINANCIAL PERFORMANCE PERFORMANCE METRICS 2017 2018 2019 2020 Q2 YTD 2021 LONG-TERM TARGETS ROE 7.0% 24.3% 11.6% 15.1% 18.6%1 22% ROA 0.52% 2.07% 1.09% 1.34% 1.62%1 > 2.0% EPS $0.39 $1.55 $0.90 $1.37 $0.94 Leverage Ratio 7.9% 10.1% 9.6% 9.2% 8.5% 9% Total Assets $4.7B $4.4B $5.7B $6.3B $6.6B <$10B Efficiency Ratio² 79% 71% 69% 59% 54% 1Annualized for the six months ended June 30, 2021. 2Efficiency ratio calculated by dividing non-interest expense by the total of net interest income and non-interest income. Non-interest income excludes gains/losses from sales of securities, changes in valuation to Walnut Street, net losses on commercial loans at fair value, and the sales of the Health Savings Account portfolio, the European payments business and the IRA portfolio. 30