The Bancorp Financial Overview
The 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
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