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TBBK-News
TBBK-Events
The Bancorp Launches Embedded Finance Solution Finetics
The Bancorp announced the launch of Finetics, The Bancorp's embedded finance solution. The bank-led solution leverages The Bancorp's Fintech Solutions capabilities, building on its Program Sponsorship and Payment Services experiences to help nonbank organizations integrate financial services into their current digital experiences. At its core, the solution brings together flexible technology, comprehensive program management and compliance expertise. A central technology integration hub offers our Finetics clients the option to use a prebuilt configuration for faster deployment or select modules tailored to their desired experience. The Bancorp can manage end-to-end program management or support clients by embedding its application programming interfaces.
The Bancorp Stock Drops 22.7% to $49.77
The Bancorp is down -22.7%, or -$14.64 to $49.77.
The Bancorp Stock Drops 22.4% to $49.99
The Bancorp is down -22.4%, or -$14.42 to $49.99.
The Bancorp Bank Restructures Small Business Lending, Lays Off 64 Employees
The Bancorp Bank, a wholly owned subsidiary of The Bancorp, announced the "next phase of its ongoing efforts to align its business priorities, operating model, and resources with Apex 2030, its long-term strategic plan." The Bancorp is restructuring its small business lending business line and intends to discontinue retail and wholesale new originations by the end of 2026. In connection with these changes, the restructuring will eliminate 64 currently filled positions across the organization, or 9% of the enterprise-wide workforce, and the company currently estimates that it will incur $5.6M in charges in connection with the restructuring. The company expects to recognize $4.5M of these charges in Q3. Separate from the 64 positions eliminated in the restructuring, 16 additional positions have been, or are expected to be, vacated and not backfilled. The discontinuance of these 80 positions is expected to generate approximately $14M in annualized run-rate savings. Combined with the efforts to reorganize the institutional banking business in Q4 of 2025, The Bancorp expects it will generate over $20M in annualized run-rate savings.
The Bancorp Raises 2026 EPS Guidance to $5.95-$6.05
"Our performance in the second quarter of 2026 significantly surpassed our own forecasts of profitability and GDV growth, which we believe demonstrates our strong momentum as we head into the second half of the year," said Damian Kozlowski, President and CEO of The Bancorp. "We are increasing our full-year 2026 EPS guidance to a range of $5.95-$6.05, which includes a range of $1.65-$1.75 in the fourth quarter. We are maintaining our 2027 EPS guidance range of between $8.10-$8.30."
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