Financial Review Q3 2020
The Bancorp
FINANCIAL REVIEW: EARNINGS AND PROFITABILITY
REVENUE HAS GROWN CONSISTENTLY SINCE
2016 WHILE EXPENSES HAVE BEEN TIGHTLY
MANAGED, CREATING OPERATING LEVERAGE
REVENUE
Annual revenue growth driven by
diverse product mix
Larger portion of revenue from non-
interest income compared to peer
banks
Net interest income growth driven
by growth in balances across
business lines
$ Millions
$250
$200
$150
$100
$50
CORE REVENUE 1
$ Millions
NON INTEREST EXPENSE
$250
+47% '16-'19
(15%) '16-'19
$200
$0
2016
2017
2018
2019
Q3 YTD Q3 YTD
2019 2020
$150
$100
$50
$0
2016
2017
2018
2019
Q3 YTD Q3 YTD
2019
2020
1Core revenue is net interest income plus non-interest income excluding 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.
2 Includes $24.3 million of gains on commercial loans originated for sale, primarily through two securitizations.
.
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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