BANCORP, INC., 10-Q filed on 5/6/2026
Quarterly Report
v3.26.1
Document And Entity Information - shares
 3 Months Ended
Mar. 31, 2026
Apr. 27, 2026
Document And Entity Information [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
Document Fiscal Period Focus Q1  
Document Transition Report false  
Entity File Number 000-51018  
Entity Registrant Name THE BANCORP, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 23-3016517  
Entity Address, Address Line One 409 Silverside Road  
Entity Address, City or Town Wilmington  
Entity Address, State or Province DE  
Entity Address, Postal Zip Code 19809  
City Area Code 302  
Local Phone Number 385-5000  
Title of 12(b) Security Common Stock, par value $1.00 per share  
Trading Symbol TBBK  
Security Exchange Name NASDAQ  
Entity Filer Category Large Accelerated Filer  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Emerging Growth Company false  
Entity Small Business false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   41,634,439
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2026  
Entity Central Index Key 0001295401  
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Cash and cash equivalents    
Cash and due from banks $ 8,673 $ 8,038
Interest-earning deposits 58,510 104,611
Total cash and cash equivalents 67,183 112,649
Investment securities, available-for-sale, at fair value 1,646,541 1,671,750
Commercial loans, at fair value 128,260 139,389
Loans, net of deferred loan fees and costs 7,753,683 7,116,676
Allowance for credit losses (63,017) (66,200)
Loans, net 7,690,666 7,050,476
Stock in Federal Reserve, Federal Home Loan and Atlantic Central Bankers Banks 37,785 25,205
Premises and equipment, net 29,046 29,834
Accrued interest receivable 41,315 43,090
Other real estate owned 60,998 60,695
Deferred tax asset, net 21,139 18,679
Credit enhancement asset 29,769 31,138
Other assets 146,062 169,520
Total assets 9,898,764 9,352,425
Deposits    
Demand and interest checking 8,281,037 7,827,037
Savings and money market 148,988 338,459
Total deposits 8,430,025 8,165,496
Short-term borrowings 470,000 199,000
Senior debt 196,320 196,253
Subordinated debentures 13,401 13,401
Other long-term borrowings 13,626 13,712
Other liabilities 78,442 74,767
Total liabilities 9,201,814 8,662,629
SHAREHOLDERS' EQUITY:    
Common stock - authorized, 75,000,000 shares of $1.00 par value; 48,750,251 and 41,858,545 shares issued and outstanding, respectively, at March 31, 2026 and 48,404,006 and 42,355,361 shares issued and outstanding, respectively, at December 31, 2025 48,750 48,404
Additional paid-in capital 28,616 24,207
Retained earnings 1,067,437 1,007,368
Accumulated other comprehensive income 3,459 10,839
Treasury stock at cost, 6,891,706 shares at March 31, 2026 and 6,048,645 shares at December 31, 2025 (451,312) (401,022)
Total shareholders' equity 696,950 689,796
Total liabilities and shareholders' equity $ 9,898,764 $ 9,352,425
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Mar. 31, 2026
Dec. 31, 2025
SHAREHOLDERS' EQUITY:    
Common stock, authorized (in shares) 75,000,000 75,000,000
Common stock, par value (in dollars per share) $ 1.00 $ 1.00
Common stock, issued (in shares) 48,750,251 48,404,006
Common stock, outstanding (in shares) 41,858,545 42,355,361
Treasury stock (in shares) 6,891,706 6,048,645
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Loans, including fees $ 107,545 $ 108,912
Investment securities:    
Taxable interest 19,920 18,127
Tax-exempt interest 130 83
Interest-earning deposits 2,196 12,680
Total interest income 129,791 139,802
Interest expense:    
Deposits 35,289 46,375
Short-term borrowings 1,381  
Long-term borrowings 197 195
Senior debt 3,875 1,234
Subordinated debentures 235 255
Total interest expense 40,977 48,059
Net interest income 88,814 91,743
Provision (reversal) for credit losses on non-fintech loans (1,348) 874
Provision for credit losses on fintech loans 28,843 45,868
Provision for unfunded commitments 106 111
Provision for credit losses, total 27,601 46,853
Net interest income after provision for credit losses 61,213 44,890
Non-interest income    
Net realized and unrealized gains on commercial loans, at fair value 6 361
Leasing related income 1,901 1,972
Fintech loan credit enhancement 28,843 45,868
Other 3,706 995
Total non-interest income 72,525 83,642
Non-interest expense    
Salaries and employee benefits 37,477 33,669
Depreciation 1,245 1,104
Rent and related occupancy cost 1,691 1,568
Data processing expense 1,309 1,205
Audit expense 641 654
Legal expense 1,590 1,957
Legal settlement (reimbursement) (2,000)  
FDIC insurance 1,251 1,053
Software 5,369 5,013
Insurance 1,182 1,257
Telecom and IT network communications 284 333
Consulting 210 456
Other 4,777 5,025
Total non-interest expense 55,026 53,294
Income before income taxes 78,712 75,238
Income tax expense 18,643 18,065
Net income $ 60,069 $ 57,173
Net income per share - basic $ 1.43 $ 1.21
Net income per share - diluted $ 1.41 $ 1.19
Weighted average shares - basic 42,133,301 47,214,050
Weighted average shares - diluted 42,594,824 47,959,292
ACH, Card And Other Payment Fees [Member]    
Non-interest income    
Total fintech fees $ 5,796 $ 5,132
Prepaid, Debit Card And Related Fees [Member]    
Non-interest income    
Total fintech fees 26,677 25,714
Consumer Credit Fintech Fees [Member]    
Non-interest income    
Total fintech fees 5,596 3,600
Total Fintech Fees [Member]    
Non-interest income    
Total fintech fees $ 38,069 $ 34,446
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]    
Net income $ 60,069 $ 57,173
Securities available-for-sale:    
Change in net unrealized (losses) gains (9,840) 21,062
Other comprehensive (loss) income (9,840) 21,062
Securities available-for-sale:    
Change in net unrealized (losses) gains (2,460) 5,265
Income tax (benefit) expense related to items of other comprehensive income (2,460) 5,265
Other comprehensive (loss) income, net (7,380) 15,797
Comprehensive income $ 52,689 $ 72,970
v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive (Loss) Income [Member]
Treasury Stock [Member]
Total
Balance at Dec. 31, 2024 $ 47,713 $ 3,233 $ 779,155 $ (17,637) $ (22,681) $ 789,783
Balance, shares at Dec. 31, 2024 47,713,481          
Net income     57,173     57,173
Common stock issued from restricted units, net of tax benefits $ 354 (354)        
Common stock issued from restricted units, net of tax benefits, shares 353,697          
Stock-based compensation   4,591       4,591
Other comprehensive income net of reclassification adjustments and tax       15,797   15,797
Common stock repurchases and excise tax [1]           (37,657)
Common stock repurchases and excise tax, treasury stock [1]         (37,657)  
Balance at Mar. 31, 2025 $ 48,067 7,470 836,328 (1,840) (60,338) 829,687
Balance (in shares) at Mar. 31, 2025 48,067,178          
Balance at Dec. 31, 2025 $ 48,404 24,207 1,007,368 10,839 (401,022) $ 689,796
Balance, shares at Dec. 31, 2025 48,404,006         42,355,361
Net income     60,069     $ 60,069
Common stock issued from restricted units, net of tax benefits $ 346 (346)        
Common stock issued from restricted units, net of tax benefits, shares 346,245          
Stock-based compensation   4,755       4,755
Other comprehensive income net of reclassification adjustments and tax       (7,380)   (7,380)
Common stock repurchases and excise tax [2]           (50,290)
Common stock repurchases and excise tax, treasury stock [2]         (50,290)  
Balance at Mar. 31, 2026 $ 48,750 $ 28,616 $ 1,067,437 $ 3,459 $ (451,312) $ 696,950
Balance (in shares) at Mar. 31, 2026 48,750,251         41,858,545
[1] Repurchase of common stock includes 684,445 shares repurchased in connection with the Company's share repurchase program approved by the Board of Directors. See Note 8, “Shareholders’ Equity” for further information.
[2] Repurchase of common stock includes 843,061 shares repurchased in connection with the Company's share repurchase program approved by the Board of Directors. See Note 8, “Shareholders’ Equity” for further information.
v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - Common Stock [Member] - shares
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Common Stock Repurchase Program, 2026 [Member]    
Common stock repurchases, shares 843,061  
Common Stock Repurchase Program, 2025 [Member]    
Common stock repurchases, shares   684,445
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ 60,069 $ 57,173
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 1,245 1,104
Provision for credit losses, total 27,601 46,853
Fintech loan credit enhancement income (28,843) (45,868)
Accretion of fees, premiums, and discounts, net (1,048) (493)
Stock-based compensation expense 4,755 4,591
Realized gains on commercial loans, at fair value (6) (361)
(Gain) loss on sale of fixed assets (29) 9
Decrease (increase) in accrued interest receivable 1,775 (751)
Decrease in other assets 16,293 32,646
Increase (decrease) in other liabilities 3,428 (363)
Net cash provided by operating activities 85,240 94,540
Investing activities:    
Purchase of investment securities available-for-sale (5,000) (10,996)
Proceeds from redemptions and prepayments of securities available-for-sale 25,584 47,934
Capitalized investment in other real estate owned (326) (1,382)
Sale of repossessed assets 808 1,276
Net increase in loans (677,877) (310,839)
Credit enhancement agreement cash inflows 30,212 38,578
Proceeds from sale of fixed assets 40 88
Commercial loans, at fair value drawn during the period   (1,763)
Payments on commercial loans, at fair value 11,082 13,596
Purchases of premises and equipment (468) (765)
Net cash used in investing activities (615,945) (224,273)
Financing activities:    
Net increase in deposits 264,529 618,536
Proceeds from short-term borrowings 271,000  
Repurchases of common stock and excise tax (50,290) (37,657)
Net cash provided by financing activities 485,239 580,879
Net (decrease) increase in cash and cash equivalents (45,466) 451,146
Cash and cash equivalents, beginning of period 112,649 570,123
Cash and cash equivalents, end of period 67,183 1,021,269
Supplemental cash flow information:    
Interest paid 45,769 50,054
Transfers (from) to other real estate owned from commercial loans, at fair value, and loans, net (23) 3,722
Leased vehicles transferred to repossessed assets $ 536 $ 849
v3.26.1
Organization And Nature Of Operations
 3 Months Ended
Mar. 31, 2026
Organization And Nature Of Operations [Abstract]  
Organization And Nature Of Operations Note 1. Organization and Nature of Operations

The Bancorp, Inc. (the “Company”) is a Delaware corporation and a registered financial holding company. Its primary, wholly-owned subsidiary is The Bancorp Bank, National Association (the “Bank”), which is a federally chartered commercial bank located in Sioux Falls, South Dakota and is a Federal Deposit Insurance Corporation (“FDIC”) insured institution. As a federally chartered institution, its primary regulator is the Office of the Comptroller of the Currency (“OCC”). The Company has two primary operating segments which consist of Fintech Solutions and Credit Solutions.

Through partner relationships, Fintech Solutions delivers payment, deposit, and lending products that attract deposits and generate fee income. Deposits generated through these partner relationships are deployed into loan and lease products offered by both Fintech sponsored lending and the Credit Solutions business line. The Company primarily earns fee-based income from fintech products, and such products include sponsored issuance of deposit accounts and debit, credit, and prepaid cards; sponsored lending products for fintech partners; and payment processing solutions, including acquiring, ACH, and near-and real-time payment services in support of its partners.

Credit Solutions is our lending operation and makes the following types of loans: (i) Real estate bridge lending (“REBL”); (ii) Institutional Banking comprised of security-backed lines of credit (“SBLOC”), cash value insurance policy-backed lines of credit (“IBLOC”) and advisor financing; and (iii) Commercial Loans which includes Small Business Loans (“SBL”) which is comprised primarily of Small Business Administration (“SBA”) loans and direct lease financing.

The Company and the Bank are affected by state and federal legislation and regulations and are subject to regulation by certain state and federal agencies. Accordingly, they are examined periodically by those regulatory authorities.

 
v3.26.1
Significant Accounting Policies
 3 Months Ended
Mar. 31, 2026
Significant Accounting Policies [Abstract]  
Significant Accounting Policies Note 2. Significant Accounting Policies

Basis of Presentation

The financial statements of the Company, as of March 31, 2026 and for the three-month periods ended March 31, 2026 and 2025, are unaudited. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted in this Quarterly Report on Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). However, in the opinion of management, these interim financial statements include all necessary adjustments to fairly present the results of the interim periods presented. The unaudited interim condensed consolidated financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”). The results of operations for the three-month period ended March 31, 2026 may not necessarily be indicative of the results of operations anticipated for the full year ending December 31, 2026.

Certain prior period amounts have been reclassified to conform to current period presentation.

There have been no significant changes as of March 31, 2026 from the Company’s significant accounting policies as described in the 2025 Form 10-K.

Subsequent Events

The Company evaluated its March 31, 2026 financial statements for subsequent events through the date the consolidated financial statements were issued. The Company is not aware of any subsequent events which would require recognition or disclosure in the financial statements. 
v3.26.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Note 3. Earnings Per Share

The Company calculates earnings per share in accordance with ASC 260, Earnings Per Share. Basic earnings per share is computed by dividing income available to common shareholders by the weighted average common shares outstanding during the period. Diluted earnings per share is computed by dividing income available to common shareholders by the weighted average common shares outstanding during the period, assuming all potentially dilutive common shares were issued.

Diluted earnings per share considers the potential dilution that could occur if securities, including stock options and RSUs or other contracts to issue common stock were exercised and converted into common stock. Stock options are dilutive if their exercise prices are less than the current stock price. RSUs are dilutive because they represent grants over vesting periods which do not require employees to pay exercise prices. The dilution shown in the tables below includes the potential dilution from both stock options and RSUs. The weighted-average computation of the dilutive effect of potentially issuable shares of Common stock under the treasury stock method excludes the effect of securities that would be anti-dilutive.

The calculation of weighted-average common shares outstanding during each respective period includes activity related to share repurchases made under the Company’s share repurchase programs, as discussed further in “Note 8. Shareholders’ Equity.”

The following table summarizes the calculation of earnings per share:

For the three months ended March 31,

2026

2025

(Dollars in thousands except share and per share data)

Net income

$

60,069 

$

57,173 

Weighted average shares - basic

42,133,301 

47,214,050 

Effect of dilutive securities:

Common stock options and RSUs

461,523 

745,242 

Weighted average shares - diluted

42,594,824 

47,959,292 

Basic and diluted earnings per share:

Net income per share - basic

$

1.43 

$

1.21 

Effect of dilutive securities:

Common stock options and RSUs

(0.02)

(0.02)

Net income per share - diluted

$

1.41 

$

1.19 

Included in the computation of diluted shares:

Stock options with exercise price below average market price

Share count

368,293 

622,677 

Minimum exercise price

$

8.57 

$

6.87 

Maximum exercise price

$

43.89 

$

35.17 

Excluded from the computation of diluted shares: Antidilutive securities

Outstanding stock-based compensation awards

32,624 

78,240 

 
v3.26.1
Investment Securities
 3 Months Ended
Mar. 31, 2026
Investment Securities [Abstract]  
Investment Securities

Note 4. Investment Securities

The Company’s investments in debt securities are classified as available-for-sale, and are summarized as follows (dollars in thousands):

March 31, 2026

Gross

Gross

Amortized

unrealized

unrealized

Fair

cost

gains

losses

value

U.S. Government agency securities

$

23,483 

$

29 

$

(511)

$

23,001 

Asset-backed securities

229,536 

49 

(680)

228,905 

Tax-exempt obligations of states and political subdivisions

14,613 

26 

(87)

14,552 

Taxable obligations of states and political subdivisions

17,827 

43 

(64)

17,806 

Residential mortgage-backed securities

445,276 

8,774 

(4,033)

450,017 

Collateralized mortgage obligation securities

55,461 

14 

(894)

54,581 

Commercial mortgage-backed securities

855,761 

11,673 

(9,755)

857,679 

$

1,641,957 

$

20,608 

$

(16,024)

$

1,646,541 

December 31, 2025

Gross

Gross

Amortized

unrealized

unrealized

Fair

cost

gains

losses

value

U.S. Government agency securities

$

25,503 

$

63 

$

(457)

$

25,109 

Asset-backed securities

234,029 

205 

(133)

234,101 

Tax-exempt obligations of states and political subdivisions

9,614 

62 

(40)

9,636 

Taxable obligations of states and political subdivisions

18,941 

45 

(59)

18,927 

Residential mortgage-backed securities

454,837 

13,039 

(3,553)

464,323 

Collateralized mortgage obligation securities

58,129 

44 

(593)

57,580 

Commercial mortgage-backed securities

856,273 

14,306 

(8,505)

862,074 

$

1,657,326 

$

27,764 

$

(13,340)

$

1,671,750 

The amortized cost and fair value of the Company’s investment securities at March 31, 2026, by contractual maturity, are shown below (dollars in thousands). Expected maturities may differ from contractual maturities based on the timing of cashflows from the underlying collateral.

Available-for-sale

Amortized

Fair

cost

value

Due before one year

$

22,093 

$

21,957 

Due after one year through five years

279,539 

281,334 

Due after five years through ten years

500,946 

505,377 

Due after ten years

839,379 

837,873 

$

1,641,957 

$

1,646,541 

The table below indicates the length of time individual securities had been in a continuous unrealized loss position (dollars in thousands):

March 31, 2026

Less than 12 months

12 months or longer

Total

Fair Value

Unrealized losses

Fair Value

Unrealized losses

Fair Value

Unrealized losses

Description of Securities

U.S. Government agency securities

$

8,454 

$

(88)

$

10,732 

$

(423)

$

19,186 

$

(511)

Asset-backed securities

169,151 

(680)

—

—

169,151 

(680)

Tax-exempt obligations of states and political subdivisions

6,406 

(82)

1,155 

(5)

7,561 

(87)

Taxable obligations of states and political subdivisions

—

—

12,933 

(64)

12,933 

(64)

Residential mortgage-backed securities

62,538 

(494)

28,460 

(3,539)

90,998 

(4,033)

Collateralized mortgage obligation securities

33,076 

(311)

11,868 

(583)

44,944 

(894)

Commercial mortgage-backed securities

238,918 

(2,081)

107,926 

(7,674)

346,844 

(9,755)

Total unrealized loss position investment securities

$

518,543 

$

(3,736)

$

173,074 

$

(12,288)

$

691,617 

$

(16,024)

December 31, 2025

Less than 12 months

12 months or longer

Total

Fair Value

Unrealized losses

Fair Value

Unrealized losses

Fair Value

Unrealized losses

Description of Securities

U.S. Government agency securities

$

2,521 

$

(1)

$

11,660 

$

(456)

$

14,181 

$

(457)

Asset-backed securities

59,024 

(133)

—

—

59,024 

(133)

Tax-exempt obligations of states and political subdivisions

3,456 

(33)

1,153 

(7)

4,609 

(40)

Taxable obligations of states and political subdivisions

—

—

14,053 

(59)

14,053 

(59)

Residential mortgage-backed securities

18,630 

(62)

28,886 

(3,491)

47,516 

(3,553)

Collateralized mortgage obligation securities

34,149 

(75)

12,721 

(518)

46,870 

(593)

Commercial mortgage-backed securities

173,572 

(873)

119,778 

(7,632)

293,350 

(8,505)

Total unrealized loss position investment securities

$

291,352 

$

(1,177)

$

188,251 

$

(12,163)

$

479,603 

$

(13,340)

 
v3.26.1
Loans, Net
 3 Months Ended
Mar. 31, 2026
Loans, Net [Abstract]  
Loans, Net Note 5. Loans, net

The Company’s loans originate from several lending lines of business, including:

SBLs, or small business loans, are comprised primarily of Small Business Administration “SBA” loans.

Direct lease financing includes lease financing for commercial and government vehicle fleets and, to a lesser extent, provides lease financing for other equipment.

SBLOCs, or securities-backed lines of credit, are made to individuals, trusts and other entities and are secured by a pledge of marketable securities maintained in one or more accounts for which the Company obtains a securities account control agreement.

IBLOCs, or insurance policy cash value-backed lines of credit, are collateralized by the cash surrender value of eligible insurance policies.

Advisor financing are loans to investment advisors for purposes of debt refinancing, acquisition of another firm or internal succession.

REBL, or real estate bridge lending, are transitional commercial mortgage loans which are made to improve and rehabilitate existing properties which already have cash flow, and which are collateralized by those properties.

Fintech loans consist of short-term extensions of credit, including secured credit card loans, made in conjunction with marketers and servicers.

Other loans include warehouse financing related to loan sales to third-party purchasers of REBL loans, and also includes loans the Company generally no longer offers, including commercial loans, CRA loans and HELOC.

Major classifications of loans, excluding commercial loans at fair value, are as follows (dollars in thousands):

March 31,

December 31,

2026

2025

Loans recorded at amortized cost:

SBL non-real estate

$

242,445 

$

235,282 

SBL commercial mortgage

736,470 

749,234 

SBL construction

19,945 

22,382 

SBLs

998,860 

1,006,898 

Direct lease financing

678,740 

685,422 

SBLOC / IBLOC(1)

1,708,709 

1,669,985 

Advisor financing

270,811 

294,236 

Real estate bridge lending

2,279,454 

2,188,952 

Fintech(2)

1,646,600 

1,097,998 

Other loans(3)

155,825 

157,416 

7,738,999 

7,100,907 

Unamortized loan fees and costs

14,684 

15,769 

Total loans, net of deferred loan fees and costs

$

7,753,683 

$

7,116,676 

_______

(1)At March 31, 2026 and December 31, 2025, IBLOC loans amounted to $459.3 million and $467.5 million, respectively.

(2)As of March 31, 2026 and December 31, 2025, fintech loans included $1.22 billion and $729.1 million of secured credit card accounts which are backed dollar for dollar by cash collateral by each individual cardholder and are required to be repaid in full monthly. For secured credit card accounts, we recognize a loan receivable and a deposit liability for the cash collateral that secures those accounts. The remaining fintech loans consist of cashflow underwritten short-term liquidity products to individual borrowers ranging in maturity from 30 to 365 days.

(3)As of both March 31, 2026 and December 31, 2025, Other loans includes $110.7 million related to warehouse financing related to loan sales to third-party purchasers of real estate bridge loans.

During the three months ended March 31, 2026 and 2025, the Company purchased $0.2 million and $15.4 million of SBLs, respectively, none of which were credit deteriorated. Additionally, in the first three months of 2026, the Company participated in SBLs with other institutions in the amount of $0.3 million.

Non-Accrual and Delinquency

A detail of the Company’s delinquent and non-accrual loans by loan category is as follows (dollars in thousands):

March 31, 2026

30-59 days

60-89 days

90+ days

Total past due

Total

past due

past due

still accruing

Non-accrual

and non-accrual

Current

loans

SBL non-real estate

$

1,227 

$

1,750 

$

—

$

9,726 

$

12,703 

$

229,742 

$

242,445 

SBL commercial mortgage

1,680 

—

—

26,358 

28,038 

708,432 

736,470 

SBL construction

—

—

—

2,660 

2,660 

17,285 

19,945 

Direct lease financing

3,846 

1,115 

411 

10,743 

16,115 

662,625 

678,740 

SBLOC / IBLOC

5,847 

6,011 

—

446 

12,304 

1,696,405 

1,708,709 

Advisor financing

—

—

—

—

—

270,811 

270,811 

Real estate bridge lending

—

—

—

22,454 

22,454 

2,257,000 

2,279,454 

Fintech

17,188 

3,214 

1,762 

—

22,164 

1,624,436 

1,646,600 

Other loans

110 

—

1 

406 

517 

155,308 

155,825 

Unamortized loan fees and costs

—

—

—

—

—

14,684 

14,684 

$

29,898 

$

12,090 

$

2,174 

$

72,793 

$

116,955 

$

7,636,728 

$

7,753,683 

December 31, 2025

30-59 days

60-89 days

90+ days

Total past due

Total

past due

past due

still accruing

Non-accrual

and non-accrual

Current

loans

SBL non-real estate

$

1,515 

$

344 

$

—

$

8,639 

$

10,498 

$

224,784 

$

235,282 

SBL commercial mortgage

224 

—

—

21,977 

22,201 

727,033 

749,234 

SBL construction

—

—

—

2,660 

2,660 

19,722 

22,382 

Direct lease financing

2,461 

894 

1,457 

12,066 

16,878 

668,544 

685,422 

SBLOC / IBLOC

5,328 

65 

251 

446 

6,090 

1,663,895 

1,669,985 

Advisor financing

—

—

—

—

—

294,236 

294,236 

Real estate bridge lending

—

—

14,459 

9,755 

24,214 

2,164,738 

2,188,952 

Fintech

24,701 

3,791 

2,030 

—

30,522 

1,067,476 

1,097,998 

Other loans

209 

111 

2 

142 

464 

156,952 

157,416 

Unamortized loan fees and costs

—

—

—

—

—

15,769 

15,769 

$

34,438 

$

5,205 

$

18,199 

$

55,685 

$

113,527 

$

7,003,149 

$

7,116,676 

The following table summarizes non-accrual loans with and without an ACL as of the periods indicated (dollars in thousands):

March 31, 2026

December 31, 2025

Non-accrual loans with a related ACL

Related ACL

Non-accrual loans without a related ACL

Total non-accrual loans

Non-accrual loans with a related ACL

Related ACL

Non-accrual loans without a related ACL

Total non-accrual loans

SBL non-real estate

$

6,432 

$

1,132 

$

3,294 

$

9,726 

$

5,361 

$

963 

$

3,278 

$

8,639 

SBL commercial mortgage

3,879 

809 

22,479 

26,358 

3,009 

801 

18,968 

21,977 

SBL construction

710 

37 

1,950 

2,660 

710 

35 

1,950 

2,660 

Direct lease financing

10,533 

2,523 

210 

10,743 

11,881 

4,211 

185 

12,066 

IBLOC

446 

207 

—

446 

446 

207 

—

446 

Real estate bridge lending

12,700 

796 

9,754 

22,454 

—

—

9,755 

9,755 

Other loans

—

—

406 

406 

—

—

142 

142 

$

34,700 

$

5,504 

$

38,093 

$

72,793 

$

21,407 

$

6,217 

$

34,278 

$

55,685 

Interest which would have been earned on loans classified as non-accrual for the three months ended March 31, 2026 and 2025, was $1.1 million and $0.4 million, respectively. No income on non-accrual loans was recognized during the three months ended March 31, 2026 or 2025.

During the three months ended March 31, 2026 amounts reversed from interest income totaled $0.6 million, and primarily consist of $0.4 million of REBL and $0.2 million of SBL commercial mortgage. During the three months ended March 31, 2025 amounts reversed from interest income totaled $0.5 million and primarily consist of $0.3 million of REBL and $0.1 million of SBL non-real estate. The interest reversals represent interest receivable balance on loans at the time of transfer into non-accrual status.

Loan Modifications

There were no loan modifications for the three months ended March 31, 2026. During the three months ended March 31, 2025, loans modified to borrowers experiencing financial difficulty, and related information are as follows (dollars in thousands):

Three months ended March 31, 2025

Payment delay as a result of a payment deferral

Total

Percent of total loan category

SBL non-real estate

$

5,348 

$

5,348 

2.79%

SBL commercial mortgage

2,738 

2,738 

0.40%

Total

$

8,086 

$

8,086 

0.13%

The following table shows an analysis of loans that were modified during the three months ended March 31, 2025, presented by loan classification (dollars in thousands):

Three months ended March 31, 2025

Payment Status (Amortized Cost Basis)

30-59 days

60-89 days

90+ days

Total

past due

past due

still accruing

Non-accrual

delinquent

Current

Total

SBL non-real estate

$

—

$

—

$

—

$

—

$

—

$

5,348 

$

5,348 

SBL commercial mortgage

—

—

—

—

—

2,738 

2,738 

$

—

$

—

$

—

$

—

$

—

$

8,086 

$

8,086 

The following table describes the financial effect of modifications made during the three months ended March 31, 2025:

Three months ended March 31, 2025

Combined Rate and Maturity

Weighted average interest reduction

Weighted average term extension (in months)

More-than-insignificant-payment delay(1)

SBL non-real estate

—

—

2.79%

SBL commercial mortgage

—

—

0.40%

(1)Percentage represents the principal of loans deferred divided by the principal of the total loan portfolio.

The Company had no commitments to extend additional credit to loans classified as modified as of March 31, 2026. As of March 31, 2025, there were no specific reserves on the $8.1 million of loans classified as modified.

Allowance for Credit Loss

The Company had no significant changes to its quantitative and qualitative measures used in measuring the allowance for credit losses as of March 31, 2026. For additional information regarding the Company’s allowance estimate, see Note 2, “Summary of Significant Accounting Policies” and Note 5, “Loans, net,” in the 2025 Form 10-K.

A summary of the Company’s primary portfolio pools and loans accordingly classified by year of origination, at March 31, 2026 and December 31, 2025 is as follows (dollars in thousands):

As of March 31, 2026

2026

2025

2024

2023

2022

Prior

Revolving loans at amortized cost

Total

SBL non real estate

Pass

$

13,153 

$

71,206 

$

48,894 

$

57,874 

$

15,801 

$

16,853 

$

—

$

223,781 

Special mention

—

—

384 

1,976 

1,434 

42 

—

3,836 

Substandard

—

—

1,741 

6,459 

4,823 

1,805 

—

14,828 

Total SBL non-real estate

13,153 

71,206 

51,019 

66,309 

22,058 

18,700 

—

242,445 

SBL commercial mortgage

Pass

40,058 

105,910 

141,693 

77,866 

98,227 

218,672 

—

682,426 

Special mention

—

—

496 

1,964 

4,383 

11,443 

—

18,286 

Substandard

—

—

2,380 

11,567 

8,037 

13,774 

—

35,758 

Total SBL commercial mortgage

40,058 

105,910 

144,569 

91,397 

110,647 

243,889 

—

736,470 

SBL construction

Pass

1,101 

7,234 

4,402 

4,548 

—

—

—

17,285 

Substandard

—

—

—

—

—

2,660 

—

2,660 

Total SBL construction

1,101 

7,234 

4,402 

4,548 

—

2,660 

—

19,945 

Direct lease financing

Non-rated

1,744 

—

—

—

—

—

—

1,744 

Pass

66,245 

232,613 

160,305 

107,238 

74,922 

18,566 

—

659,889 

Special mention

369 

669 

358 

757 

271 

85 

—

2,509 

Substandard

—

25 

2,776 

6,494 

3,884 

1,419 

—

14,598 

Total direct lease financing

68,358 

233,307 

163,439 

114,489 

79,077 

20,070 

—

678,740 

SBLOC/IBLOC

Non-rated

—

—

—

—

—

—

7,650 

7,650 

Pass

—

—

—

—

—

—

1,700,573 

1,700,573 

Substandard

—

—

—

—

—

—

486 

486 

Total SBLOC/IBLOC

—

—

—

—

—

—

1,708,709 

1,708,709 

Advisor financing

Pass

3,769 

66,640 

65,857 

59,120 

42,055 

24,528 

—

261,969 

Special mention

—

—

—

—

968 

7,874 

—

8,842 

Total advisor financing

3,769 

66,640 

65,857 

59,120 

43,023 

32,402 

—

270,811 

Real estate bridge lending

Pass

265,445 

703,225 

468,624 

188,190 

528,394 

66,488 

—

2,220,366 

Substandard

—

—

23,757 

—

25,577 

9,754 

—

59,088 

Total real estate bridge lending

265,445 

703,225 

492,381 

188,190 

553,971 

76,242 

—

2,279,454 

Fintech

Non-rated

137,470 

34,130 

—

—

—

—

1,473,238 

1,644,838 

Substandard

—

1,762 

—

—

—

—

—

1,762 

Total fintech

137,470 

35,892 

—

—

—

—

1,473,238 

1,646,600 

Other loans

Non-rated

402 

—

—

—

—

12,278 

—

12,680 

Pass

—

56,994 

54,456 

160 

251 

29,812 

1,066 

142,739 

Substandard

—

—

—

—

—

406 

—

406 

Total other loans

402 

56,994 

54,456 

160 

251 

42,496 

1,066 

155,825 

Total

$

529,756 

$

1,280,408 

$

976,123 

$

524,213 

$

809,027 

$

436,459 

$

3,183,013 

$

7,738,999 

Unamortized loan fees and costs

14,684 

Total

$

7,753,683 

As of December 31, 2025

2025

2024

2023

2022

2021

Prior

Revolving loans at amortized cost

Total

SBL non real estate

Pass

$

70,191 

$

50,083 

$

60,331 

$

17,797 

$

12,295 

$

6,765 

$

—

$

217,462 

Special mention

—

262 

992 

1,480 

—

71 

—

2,805 

Substandard

—

1,171 

6,635 

4,276 

1,360 

1,573 

—

15,015 

Total SBL non-real estate

70,191 

51,516 

67,958 

23,553 

13,655 

8,409 

—

235,282 

SBL commercial mortgage

Pass

107,357 

156,610 

83,047 

105,359 

69,554 

166,921 

—

688,848 

Special mention

—

2,749 

2,708 

4,406 

4,275 

7,459 

—

21,597 

Substandard

—

706 

9,622 

14,656 

8,579 

5,226 

—

38,789 

Total SBL commercial mortgage

107,357 

160,065 

95,377 

124,421 

82,408 

179,606 

—

749,234 

SBL construction

Pass

4,769 

10,449 

4,504 

—

—

—

—

19,722 

Substandard

—

—

—

—

1,950 

710 

—

2,660 

Total SBL construction

4,769 

10,449 

4,504 

—

1,950 

710 

—

22,382 

Direct lease financing

Non-rated

1,777 

—

—

—

—

—

—

1,777 

Pass

253,367 

177,838 

121,969 

87,456 

20,241 

4,269 

—

665,140 

Special mention

719 

410 

759 

295 

3 

—

—

2,186 

Substandard

16 

2,741 

7,321 

4,335 

1,839 

67 

—

16,319 

Total direct lease financing

255,879 

180,989 

130,049 

92,086 

22,083 

4,336 

—

685,422 

SBLOC/IBLOC

Non-rated

—

—

—

—

—

—

6,882 

6,882 

Pass

—

—

—

—

—

—

1,662,616 

1,662,616 

Substandard

—

—

—

—

—

—

487 

487 

Total SBLOC/IBLOC

—

—

—

—

—

—

1,669,985 

1,669,985 

Advisor financing

Pass

68,249 

69,705 

70,411 

48,197 

16,471 

12,253 

—

285,286 

Special mention

—

—

—

979 

7,971 

—

—

8,950 

Total advisor financing

68,249 

69,705 

70,411 

49,176 

24,442 

12,253 

—

294,236 

Real estate bridge lending

Pass

689,651 

453,603 

271,554 

569,730 

120,938 

—

—

2,105,476 

Special mention

—

—

—

—

9,576 

—

—

9,576 

Substandard

—

42,735 

—

21,411 

9,754 

—

—

73,900 

Total real estate bridge lending

689,651 

496,338 

271,554 

591,141 

140,268 

—

—

2,188,952 

Fintech

Non-rated

141,605 

—

—

—

—

—

954,364 

1,095,969 

Substandard

2,029 

—

—

—

—

—

—

2,029 

Total fintech

143,634 

—

—

—

—

—

954,364 

1,097,998 

Other loans

Non-rated

494 

—

—

—

—

8,852 

—

9,346 

Pass

56,998 

54,458 

160 

252 

343 

34,621 

1,096 

147,928 

Substandard

—

—

—

—

—

142 

—

142 

Total other loans

57,492 

54,458 

160 

252 

343 

43,615 

1,096 

157,416 

Total

$

1,397,222 

$

1,023,520 

$

640,013 

$

880,629 

$

285,149 

$

248,929 

$

2,625,445 

$

7,100,907 

Unamortized loan fees and costs

15,769 

Total

$

7,116,676 

In the above tables, the special mention classification indicates weaknesses that may, if not cured, threaten the borrower’s future repayment ability. A substandard classification reflects an existing weakness indicating the possible inadequacy of net worth and other repayment sources. These classifications are used both by regulators and peers, as they have been correlated with an increased probability of credit losses.

A detail of the changes in the ACL by loan category is as follows (in thousands):

March 31, 2026

SBL non-real estate

SBL commercial mortgage

SBL construction

Direct lease financing

SBLOC / IBLOC

Advisor financing

Real estate bridge lending

Fintech

Other loans

Deferred fees and costs

Total

Beginning 1/1/2026

$

6,337 

$

3,118 

$

235 

$

15,675 

$

1,041 

$

2,207 

$

5,949 

$

31,137 

$

501 

$

—

$

66,200 

Charge-offs

(92)

—

—

(512)

—

—

—

(52,130)

—

—

(52,734)

Recoveries

37 

—

—

100 

—

—

—

21,919 

—

—

22,056 

Provision (reversal)

310 

(107)

(24)

(2,121)

20 

(176)

781 

28,843 

(31)

—

27,495 

Ending balance

$

6,592 

$

3,011 

$

211 

$

13,142 

$

1,061 

$

2,031 

$

6,730 

$

29,769 

$

470 

$

—

$

63,017 

March 31, 2025

SBL non-real estate

SBL commercial mortgage

SBL construction

Direct lease financing

SBLOC / IBLOC

Advisor financing

Real estate bridge lending

Fintech

Other loans

Deferred fees and costs

Total

Beginning 1/1/2025

$

4,972 

$

3,203 

$

342 

$

13,125 

$

1,195 

$

2,054 

$

6,603 

$

12,909 

$

450 

$

—

$

44,853 

Charge-offs

(62)

—

—

(736)

—

—

—

(44,224)

—

—

(45,022)

Recoveries

18 

—

—

260 

—

—

—

5,646 

—

—

5,924 

Provision (reversal)

34 

(536)

73 

1,104 

7 

(60)

270 

45,868 

(18)

—

46,742 

Ending balance

$

4,962 

$

2,667 

$

415 

$

13,753 

$

1,202 

$

1,994 

$

6,873 

$

20,199 

$

432 

$

—

$

52,497 

A summary of the Company’s gross charge-offs classified by portfolio segment and year of origination are as follows (dollars in thousands):

Three months ended March 31, 2026

2026

2025

2024

2023

2022

Prior

Revolving loans at amortized cost

Total

SBL non-real estate

$

—

$

—

$

—

$

(92)

$

—

$

—

$

—

$

(92)

Direct lease financing

—

—

—

(194)

(247)

(71)

—

(512)

Fintech

(51)

(9,214)

—

—

—

—

(42,865)

(52,130)

Total Charge-offs

$

(51)

$

(9,214)

$

—

$

(286)

$

(247)

$

(71)

$

(42,865)

$

(52,734)

Three months ended March 31, 2025

2025

2024

2023

2022

2021

Prior

Revolving loans at amortized cost

Total

SBL non-real estate

$

—

$

—

$

—

$

(62)

$

—

$

—

$

—

$

(62)

Direct lease financing

(6)

(75)

(564)

(91)

—

—

(736)

Fintech

—

(1,068)

—

—

—

—

(43,156)

(44,224)

Total Charge-offs

$

—

$

(1,074)

$

(75)

$

(626)

$

(91)

$

—

$

(43,156)

$

(45,022)

Total net charge-offs decreased $8.4 million, to $30.7 million for the three months ended March 31, 2026, from $39.1 million for the three months ended March 31, 2025. The improvement in net charge-offs was primarily driven by improved performance of fintech and direct lease financing.

The Company has agreements with a partner to originate and service fintech loans, which includes credit enhancement provisions through which incurred losses on fintech loans are covered by the partner. The Company recognizes an estimate of loss on this portfolio through its allowance for credit losses on its fintech loans on the Condensed Consolidated Balance Sheets, with provision for credit losses on fintech loans recognized on the Condensed Consolidated Statements of Operations. In addition, the Company recognizes a corresponding amount of credit enhancement asset on the Condensed Consolidated Balance Sheets and non-interest income — fintech loan credit enhancement in the Condensed Consolidated Statements of Operations. The measurement of the expected loan losses and the related credit enhancement are based on the same estimate and are equal and correlate to like amounts in the Condensed Consolidated Statements of Operations. The Company has recognized a credit enhancement asset on the Condensed Consolidated Balance Sheets

related to the estimated recovery of its realized losses on fintech loans of $29.8 million and $31.1 million as of March 31, 2026 and December 31, 2025, respectively. All fintech loans are covered by credit enhancement agreements as of March 31, 2026.

Direct lease financing

The scheduled maturities of the direct financing leases reconciled to the total lease receivables as of March 31, 2026 are as follows (dollars in thousands): 

Remaining 2026

$

258,482 

2027

134,352 

2028

85,732 

2029

45,971 

2030

15,980 

2031 and thereafter

3,150 

Total undiscounted cash flows

543,667 

Residual value(1)

221,893 

Difference between undiscounted cash flows and discounted cash flows

(86,820)

Present value of lease payments recorded as lease receivables

$

678,740 

(1) Of the total residual value, $42.9 million is not guaranteed by the lessee or other guarantors.

Off-Balance Sheet Exposure

In addition to estimating credit loss for outstanding loans, the Company estimates expected credit losses over the entire period in which there is exposure to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancelable by the Company. The estimate of loss for unfunded loan commitments relates to our off-balance sheet credit exposure, and is adjusted through the provision for unfunded commitments. The estimate considers the likelihood that funding will occur over the estimated life of the commitment. The amount of the reserve on such exposures as of March 31, 2026 and as of December 31, 2025 was $1.6 million and $1.4 million, respectively, and is recognized within Other liabilities in the Condensed Consolidated Balance Sheets.

 
v3.26.1
Debt
 3 Months Ended
Mar. 31, 2026
Debt [Abstract]  
Debt Note 6. Debt

The Company’s debt and borrowing arrangements consist of:

March 31,

December 31,

2026

2025

(Dollars in thousands)

Short-term borrowings

$

470,000 

$

199,000 

Senior debt:

Senior notes due 2030

$

200,000 

$

200,000 

Debt issuance costs

(3,680)

(3,747)

Senior debt, net

$

196,320 

$

196,253 

Subordinated debentures

$

13,401 

$

13,401 

Other long-term borrowings

$

13,626 

$

13,712 

Assets pledged as collateral that are not available to pay the Company’s general obligations as of March 31, 2026 consisted of $4.75 billion of loans held for investment at amortized cost and $251.7 million of investment securities that were pledged for short-term-borrowing agreements. In addition, there were $13.6 million of loans held for investment at amortized cost that were pledged for other long-term borrowings at March 31, 2026.

Short-term borrowings

The Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank lines are periodically utilized to manage liquidity. The amount of loans pledged varies and the collateral may be unpledged at any time to the extent the collateral exceeds advances. As of March 31, 2026, based on the amount of loans and investment securities pledged, as outlined above, total capacity of short-term borrowings was $3.45 billion, there was $470.0 million borrowed and $2.98 billion available capacity.
v3.26.1
Fair Value Measurements
 3 Months Ended
Mar. 31, 2026
Fair Value Measurements [Abstract]  
Fair Value Measurements Note 7. Fair Value Measurements

Recurring Measurements

Assets and liabilities measured at fair value on a recurring basis, segregated by fair value hierarchy, are summarized below (dollars in thousands) as of the dates indicated:

March 31, 2026

Total

Level 1

Level 2

Level 3

Investment securities, available-for-sale

Investment securities, available-for-sale

U.S. Government agency securities

$

23,001 

$

—

$

23,001 

$

—

Asset-backed securities

228,905 

—

228,905 

—

Obligations of states and political subdivisions

32,358 

—

32,358 

—

Residential mortgage-backed securities

450,017 

—

450,017 

—

Collateralized mortgage obligation securities

54,581 

—

54,581 

—

Commercial mortgage-backed securities

857,679 

—

857,679 

—

Total investment securities, available-for-sale

1,646,541 

—

1,646,541 

—

Commercial loans, at fair value

128,260 

—

—

128,260 

Credit enhancement asset

29,769 

—

29,769 

—

$

1,804,570 

$

—

$

1,676,310 

$

128,260 

December 31, 2025

Total

Level 1

Level 2

Level 3

Investment securities, available-for-sale

Investment securities, available-for-sale

U.S. Government agency securities

$

25,109 

$

—

$

25,109 

$

—

Asset-backed securities

234,101 

—

234,101 

—

Obligations of states and political subdivisions

28,563 

—

28,563 

—

Residential mortgage-backed securities

464,323 

—

464,323 

—

Collateralized mortgage obligation securities

57,580 

—

57,580 

—

Commercial mortgage-backed securities

862,074 

—

862,074 

—

Total investment securities, available-for-sale

1,671,750 

—

1,671,750 

—

Commercial loans, at fair value

139,389 

—

—

139,389 

Credit enhancement asset

31,138 

—

31,138 

—

$

1,842,277 

$

—

$

1,702,888 

$

139,389 

Activity in Level 3 instruments is summarized below (dollars in thousands):

Commercial loans,

at fair value

March 31, 2026

March 31, 2025

Beginning balance

$

139,389 

$

223,115 

Total net (losses) or gains (realized/unrealized)

Included in earnings(1)

6 

361 

Purchases, advances, sales and settlements

Advances

—

1,763 

Settlements

(11,135)

(13,659)

Ending balance

$

128,260 

$

211,580 

Total losses year-to-date included

in earnings attributable to the change in

unrealized gains or losses relating to assets still

held at the reporting date as shown above.

$

—

$

—

(1)For commercial loans at fair value, gains or losses are recognized in Non-interest income—Net realized and unrealized gains on commercial loans, at fair value in the Condensed Consolidated Statement of Operations.

Information related to assumptions used in the valuation of Level 3 instruments is as follows (dollars in thousands):

Discount Rate Assumption

At March 31, 2026

At December 31, 2025

Range

Weighted average

Range

Weighted average

Commercial loans, at fair value:

Commercial - SBA

5.67%

5.67%

5.73%

5.73%

Non-SBA commercial real estate

6.80%-8.70%

7.19%

6.50%-8.98%

6.94%

Non-Recurring Measurements

Assets measured at fair value on a nonrecurring basis consist of certain loans that are collateral-dependent with specific reserves that are recognized in Loans, net on our Condensed Consolidated Balance Sheets, and Other real estate owned.

Collateral-dependent loans were $29.2 million and $15.2 million as of March 31, 2026 and December 31, 2025, respectively. Loans recorded at amortized cost that are in non-accrual status are treated as collateral dependent to the extent they have resulted from borrower financial difficulty (and not from administrative delays or other mitigating factors) and are not brought current. For these loans, fair value is measured based on inputs including recent sales of similar collateral, and is a Level 3 measurement. At March 31, 2026, the Company’s basis in the non-accrual loans, or the loan principal of $34.7 million was reduced by specific reserves of $5.5 million within the ACL as of that date, representing the deficiency between principal and estimated collateral values, which were reduced by estimated costs to sell.

Other real estate owned (OREO) were $61.0 million and $60.7 million as of March 31, 2026 and December 31, 2025, respectively and are periodically measured for impairment based on any decline in fair value below carrying value. For OREO, fair value is based upon appraisals of the underlying collateral by third-party appraisers, reduced by 7% to 10% for estimated selling costs, and is a Level 3 non-recurring measurement. During the three months ended March 31, 2026 and 2025, the Company did not recognize unrealized losses from the impairment of OREO and realized gains (losses) on the disposition of OREO. Unrealized and realized gains or losses on OREO are recognized in Other Non-interest expense in the Condensed Consolidated Statements.

Fair Value of Other Financial Instruments

The following tables provide information regarding carrying amounts and estimated fair values of all the Company’s financial instruments (dollars in thousands) as of the dates indicated:

March 31, 2026

Carrying

Estimated

amount

fair value

Level 1

Level 2

Level 3

ASSETS:

Investment securities, available-for-sale

$

1,646,541 

$

1,646,541 

$

—

$

1,646,541 

$

—

Commercial loans, at fair value

128,260 

128,260 

—

—

128,260 

Loans, net of deferred loan fees and costs

7,753,683 

7,722,550 

—

—

7,722,550 

FRB, FHLB and ACBB stock

37,785 

37,785 

—

—

37,785 

Accrued interest receivable

41,315 

41,315 

—

41,315 

—

Credit enhancement asset

29,769 

29,769 

—

29,769 

—

LIABILITIES:

Deposits

Demand and interest checking

8,281,037 

8,281,037 

—

8,281,037 

—

Savings and money market

148,988 

148,988 

—

148,988 

—

Short-term borrowings

470,000 

470,000 

—

470,000 

—

Senior debt

196,320 

204,160 

—

204,160 

—

Subordinated debentures

13,401 

10,854 

—

—

10,854 

Other long-term borrowings

13,626 

13,626 

—

13,626 

—

Other liabilities:

Accrued interest payable

1,803 

1,803 

—

1,803 

—

December 31, 2025

Carrying

Estimated

amount

fair value

Level 1

Level 2

Level 3

ASSETS:

Investment securities, available-for-sale

$

1,671,750 

$

1,671,750 

$

—

$

1,671,750 

$

—

Commercial loans, at fair value

139,389 

139,389 

—

—

139,389 

Loans, net of deferred loan fees and costs

7,116,676 

7,073,348 

—

—

7,073,348 

FRB, FHLB and ACBB stock

25,205 

25,205 

—

—

25,205 

Accrued interest receivable

43,090 

43,090 

—

43,090 

—

Credit enhancement asset

31,138 

31,138 

—

31,138 

—

LIABILITIES:

Deposits

Demand and interest checking

7,827,037 

7,827,037 

—

7,827,037 

—

Savings and money market

338,459 

338,459 

—

338,459 

—

Short-term borrowings

199,000 

199,000 

—

199,000 

—

Senior debt

196,253 

202,503 

—

202,503 

—

Subordinated debentures

13,401 

11,220 

—

—

11,220 

Other long-term borrowings

13,712 

13,712 

—

13,712 

—

Other liabilities:

Accrued interest payable

6,802 

6,802 

—

6,802 

—

 
v3.26.1
Shareholders' Equity
 3 Months Ended
Mar. 31, 2026
Shareholders' Equity [Abstract]  
Shareholders' Equity Note 8. Shareholders’ Equity

Share Repurchases

2026 Repurchase Program

On July 7, 2025, the Board authorized a share repurchase program of up to $200.0 million for 2026 (the “2026 Repurchase Plan”).

During the three months ended March 31, 2026, the Company repurchased 843,061 shares of its common stock in the open market under the 2026 Repurchase Program at an average price of $59.31 per share.

2025 Repurchase Program

On October 23, 2024, the Board approved a common stock repurchase program for the 2025 fiscal year (the “2025 Repurchase Program”), which authorizes the Company to repurchase $37.5 million in value of the Company’s common stock per fiscal quarter in 2025, for a maximum amount of $150.0 million. On July 7, 2025, the Board authorized the increase of the capacity of the Company’s existing share repurchase program for the third and fourth quarters of 2025 to $300.0 million.

During the three months ended March 31, 2025, the Company repurchased 684,445 shares of its common stock in the open market under the 2025 Repurchase Program at an average price of $54.79 per share.

Stock-Based Compensation

Restricted Stock Units (RSUs)

In the first quarter of 2026, the Company granted 388,821 RSUs, having a vesting period of three years. At issuance, the RSUs had a fair value of $62.05 per unit.

For additional information regarding the Company’s stock-based compensation plans, see Note 13, “Stock-Based Compensation,” in the 2025 Form 10-K.
v3.26.1
Regulatory Matters
 3 Months Ended
Mar. 31, 2026
Regulatory Matters [Abstract]  
Regulatory Matters Note 9. Regulatory Matters

It is the policy of the Federal Reserve that financial holding companies should pay cash dividends on common stock only out of income available over the past year and only if prospective earnings retention is consistent with the organization’s expected future needs and financial condition. The policy provides that a financial holding company should not maintain a level of cash dividends that undermines the financial holding company’s ability to serve as a source of strength to its banking subsidiaries.

Various federal and state statutory provisions limit the amount of dividends that subsidiary banks can pay to their holding companies without regulatory approval. Without the prior approval of the OCC, a dividend may not be paid if the total of all dividends declared by a bank in any calendar year is in excess of the current year’s net income combined with the retained net income of the two preceding years. Additionally, a dividend may not be paid in excess of a bank’s retained earnings. Moreover, an insured depository institution may not pay a dividend if the payment would cause it to be less than “adequately capitalized” under the prompt corrective action framework as defined in the Federal Deposit Insurance Act or if the institution is in default in the payment of an assessment due to the FDIC. Similarly, a banking organization that fails to satisfy regulatory minimum capital conservation buffer requirements will be subject to certain limitations, which include restrictions on capital distributions.

In addition to these explicit limitations, federal and state regulatory agencies are authorized to prohibit a banking subsidiary or financial holding company from engaging in an unsafe or unsound practice. Depending upon the circumstances, the agencies could take the position that paying a dividend would constitute an unsafe or unsound banking practice.

As of March 31, 2026, the Bank met all regulatory requirements for classification as well capitalized under the regulatory framework for prompt corrective action.

The following table sets forth our regulatory capital amounts and ratios for the periods indicated:

Tier 1 capital

Tier 1 capital

Total capital

Common equity

to average

to risk-weighted

to risk-weighted

Tier 1 to risk

assets ratio

assets ratio

assets ratio

weighted assets

As of March 31, 2026

The Bancorp, Inc.

7.30%

11.21%

12.26%

11.21%

The Bancorp Bank, National Association

9.18%

14.06%

15.10%

14.06%

"Well capitalized" institution (under federal regulations-Basel III)

5.00%

8.00%

10.00%

6.50%

As of December 31, 2025

The Bancorp, Inc.

7.64%

11.08%

12.19%

11.08%

The Bancorp Bank, National Association

9.70%

14.03%

15.13%

14.03%

"Well capitalized" institution (under federal regulations-Basel III)

5.00%

8.00%

10.00%

6.50%
v3.26.1
Commitments And Contingencies
 3 Months Ended
Mar. 31, 2026
Commitments And Contingencies [Abstract]  
Commitments And Contingencies Note 10. Commitments and Contingencies

The Delaware FCRA Matter. On June 12, 2019, the Bank was served with a qui tam lawsuit filed in the Superior Court of the State of Delaware, New Castle County. The Delaware Department of Justice intervened in the litigation. The case is titled The State of Delaware, Plaintiff, Ex rel. Russell S. Rogers, Plaintiff-Relator v. The Bancorp Bank, Interactive Communications International, Inc., and InComm Financial Services, Inc., Defendants. The lawsuit alleged that the defendants violated the Delaware False Claims and Reporting Act the (“DFCRA”) by not paying balances on certain open-loop “Vanilla” prepaid cards to the State of Delaware as unclaimed property. The complaint sought actual and treble damages, statutory penalties, and attorneys’ fees. The Bank filed an answer denying the allegations.. The Bank and other defendants previously filed a motion to dismiss the action, but that motion to dismiss was denied and the parties proceeded to engage in the first phase of discovery. On March 25, 2025, the State of Delaware filed a motion to dismiss or to stay the lawsuit without prejudice, due to a related administrative proceeding commenced by or on behalf of the State of Delaware Office of Unclaimed Property and the Bank responded to that motion by seeking dismissal with prejudice. On February 10, 2026, the court granted the State of Delaware’s motion to dismiss or stay in part, dismissing with prejudice the operative complaint alleging DFCRA violations by Bancorp and InComm and stating in pertinent that “[f]or avoidance of doubt, this means neither the State nor Relator may seek damages for any such claim via this action now that the State has sought dismissal for the purposes of pursuing administrative remedies for any of the alleged violations of Delaware’s Abandoned and Unclaimed Property Law.” Bancorp and InComm will now proceed to separate administrative proceedings in Delaware related to those certain open-loop “Vanilla” prepaid cards.

THE CFPB CID Matter. On March 27, 2023, the Bank received a Civil Investigative Demand (“CID”) from the Consumer Financial Protection Bureau (“CFPB”) seeking documents and information related to the Bank’s escheatment practices in connection with certain accounts offered through one of the Bank’s program partners. The Bank responded to the CID and has not received further inquiries from the CFPB regarding the matter.

The City Attorney of San Francisco Matter. On November 21, 2023, TBBK Card Services, Inc. (“TBBK Card”), a wholly-owned subsidiary of the Bank, was served with a complaint filed in the Superior Court of the State of California (the “California Superior

Court”), captioned People of the State of California, acting by and through San Francisco City Attorney David Chiu, Plaintiff v. InComm Financial Services, Inc., TBBK Card Services, Inc., Sutton Bank, Pathward, N.A., and Does 1-10, Defendants. The complaint principally alleges that the defendants engaged in unlawful, unfair or fraudulent business acts and practices related to the packaging of “Vanilla” prepaid cards and the refund process for unauthorized transactions that occurred due to card draining practices. On December 14, 2023, the case was removed to the U.S. District Court for the Northern District of California. On March 26, 2024, the case was remanded to the California Superior Court. TBBK Card has vigorously defended against the claims. On May 6, 2024, TBBK Card filed a motion to quash service of the summons as to TBBK Card for lack of personal jurisdiction. TBBK Card’s motion to quash, and subsequent related appeals, were denied. On December 12, 2025, an amended complaint containing additional factual allegations was filed in the California Superior Court. The Company is not yet able to determine whether the ultimate resolution of this matter will have a material adverse effect on the Company’s financial condition or operations.

The Oxygen Matter. On November 25, 2024, the Bank commenced arbitration through the American Arbitration Association seeking approximately $1.808 million from Oxygen, Inc. (“Oxygen”) owed under a Private Label Account Program Agreement related to unpaid invoices and indemnification obligations owed by Oxygen. On January 13, 2025, Oxygen answered the Bank’s arbitration demand, generally denying the allegations made by the Bank, and filed a Counterclaim against the Bank. The Counterclaim alleges (i) that the termination of the Private Label Account Program Agreement was pretextual, (ii) the Bank breached its notification obligations in terminating the Private Label Account Program Agreement, (iii) the Bank breached the implied covenant of good faith and fair dealing, and (iv) conversion of $1.2 million by the Bank. The ad damnum clause of the Counterclaim also seeks compensatory damages in an amount not less than $40 million. The Bank believes it has meritorious defenses and intends to vigorously defend against the Counterclaim. The Company is not yet able to determine whether the ultimate resolution of this matter will have a material adverse effect on the Company’s financial condition or operations.

The Putative Class Action Matter. On March 14, 2025, Nathan Linden filed a putative securities class action complaint captioned Nathan Linden v. The Bancorp, Inc., et al. in the U.S. District Court for the District of Delaware against the Company and certain of its current and former officers. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 promulgated thereunder and purports to assert a class action on behalf of persons and entities that purchased or otherwise acquired Company securities between January 25, 2024 and March 4, 2025. The complaint alleges, among other things, that the defendants made materially false and/or misleading statements and omissions about the Company’s business, prospects, and operations, with a focus on the Company’s commercial real estate bridge loan (“REBL”) portfolio and related provision for credit losses. On September 29, 2025, the court appointed Southeastern Pennsylvania Transportation Authority (“SEPTA”) as lead plaintiff; the case is now captioned Southeastern Pennsylvania Transportation Authority v. The Bancorp, Inc., et al. On December 22, 2025, SEPTA filed its amended class action complaint, which alleges that between January 26, 2024 and March 25, 2025, the defendants made materially false and/or misleading statements and omissions about certain loans in the Company’s REBL portfolio and related provision for credit losses. The named plaintiff seeks unspecified damages, fees, interest, and costs. The Company intends to vigorously defend against the allegations in the amended complaint. On February 20, 2026, the Company filed its motion to dismiss the amended complaint and further briefing on that motion remains outstanding. The Company is not yet able to determine whether the ultimate resolution of the matter will have a material adverse effect on the Company’s financial condition or operations.

The Ingenium Matter. On February 2, 2026, the Bank was made aware of a complaint filed in the Delaware Superior Court, Complex Commercial Division by Ingenium Capital Group, LLC (“Ingenium”) captioned as Ingenium Capital Group, LLC v. The Bancorp Bank, N.A., C.A. No. N26C-01-487 PAW CCLD. Prior to service of the complaint, on February 19, 2026, Ingenium filed its amended complaint. In the amended complaint, Ingenium alleges that the Bank committed fraud or breached a letter of understanding signed in January 2023 by inducing Ingenium to invest upwards of $10 million in Oxygen, Inc. (the same entity that the Bank is arbitrating against in the Oxygen Matter described above) and then by terminating its contract with Oxygen in February 2024. The amended complaint seeks not less than $10 million in damages, plus costs of litigation, and interest. The Bank intends to vigorously defend against the claims. We are not yet able to estimate any potential liability of the Bank.

In addition, we are a party to various routine legal proceedings arising out of the ordinary course of our business. Management believes that none of these actions, individually or in the aggregate, will have a material adverse effect on our financial condition or operations.

 
v3.26.1
Segment Financials
 3 Months Ended
Mar. 31, 2026
Segment Financials [Abstract]  
Segment Financials

Note 11. Segment Financials

The following tables provide segment information for the periods indicated (dollars in thousands):

For the three months ended March 31, 2026

Credit Solutions

Fintech

REBL

Institutional Banking

Commercial

Corporate

Total

Interest income

$

1,826 

$

44,707 

$

27,844 

$

32,378 

$

23,036 

$

129,791 

Interest allocation

56,959 

(21,663)

(15,635)

(15,993)

(3,668)

—

Interest expense

31,865 

—

1,506 

10 

7,596 

40,977 

Net interest income

26,920 

23,044 

10,703 

16,375 

11,772 

88,814 

Provision for credit losses(1)

28,843 

847 

(160)

(1,897)

(32)

27,601 

Non-interest income(1)

68,431 

1,167 

318 

2,586 

23 

72,525 

Direct non-interest expense

Salaries and employee benefits

4,749 

1,124 

1,040 

5,021 

25,543 

37,477 

Data processing expense

381 

44 

580 

1 

303 

1,309 

Software

243 

28 

624 

508 

3,966 

5,369 

Other

2,686 

1,235 

276 

2,040 

4,634 

10,871 

Income before non-interest expense allocations

58,449 

20,933 

8,661 

13,288 

(22,619)

78,712 

Non-interest expense allocations

Risk, financial crimes, and compliance

7,811 

707 

940 

1,531 

(10,989)

—

Information technology and operations

3,803 

256 

1,213 

2,302 

(7,574)

—

Other allocated expenses

4,123 

895 

1,484 

2,066 

(8,568)

—

Total non-interest expense allocations

15,737 

1,858 

3,637 

5,899 

(27,131)

—

Income before taxes

42,712 

19,075 

5,024 

7,389 

4,512 

78,712 

Income tax expense

10,116 

4,518 

1,190 

1,750 

1,069 

18,643 

Net income

$

32,596 

$

14,557 

$

3,834 

$

5,639 

$

3,443 

$

60,069 

(1)Non-interest income of the Fintech segment includes $28.8 million of Fintech loan credit enhancement income related to the estimated recovery from a Fintech partner for losses on fintech loans where the measurement of the expected loan loss and credit enhancement are based on the same estimate. The remainder of Non-interest income for Fintech is $38.1 million total fintech fees.

For the three months ended March 31, 2025

Credit Solutions

Fintech

REBL

Institutional Banking

Commercial

Corporate

Total

Interest income

$

240 

$

47,870 

$

28,012 

$

31,907 

$

31,773 

$

139,802 

Interest allocation

73,380 

(24,369)

(16,736)

(17,716)

(14,559)

—

Interest expense

42,743 

—

1,643 

10 

3,663 

48,059 

Net interest income

30,877 

23,501 

9,633 

14,181 

13,551 

91,743 

Provision for credit losses(1)

45,868 

307 

(68)

764 

(18)

46,853 

Non-interest income(1)

80,342 

520 

275 

2,342 

163 

83,642 

Direct non-interest expense

Salaries and employee benefits

4,329 

1,214 

2,800 

5,290 

20,036 

33,669 

Data processing expense

287 

36 

493 

3 

386 

1,205 

Software

159

26

766

474

3,588 

5,013 

Other

2,611 

1,560 

319 

2,117 

6,800 

13,407 

Income before non-interest expense allocations

57,965 

20,878 

5,598 

7,875 

(17,078)

75,238 

Non-interest expense allocations

Risk, financial crimes, and compliance

7,040 

576 

788 

1,297 

(9,701)

—

Information technology and operations

3,506 

190 

1,516 

2,011 

(7,223)

—

Other allocated expenses

4,086 

825 

1,689 

1,926 

(8,526)

—

Total non-interest expense allocations

14,632 

1,591 

3,993 

5,234 

(25,450)

—

Income before taxes

43,333 

19,287 

1,605 

2,641 

8,372 

75,238 

Income tax expense

10,404 

4,631 

385 

634 

2,011 

18,065 

Net income

$

32,929 

$

14,656 

$

1,220 

$

2,007 

$

6,361 

$

57,173 

(1)Non-interest income of the Fintech segment includes $45.9 million of Fintech loan credit enhancement income related to the estimated recovery from a Fintech partner for losses on fintech loans where the measurement of the expected loan loss and credit enhancement are based on the same estimate. The remainder of Non-interest income for Fintech is $34.4 million total fintech fees.

March 31, 2026

Credit Solutions

Fintech

REBL

Institutional Banking

Commercial

Corporate

Total

Total assets

$

1,717,501 

$

2,443,341 

$

1,996,056 

$

1,748,596 

$

1,993,270 

$

9,898,764 

Total liabilities

$

8,181,278 

$

1,321 

$

276,205 

$

5,587 

$

737,423 

$

9,201,814 

December 31, 2025

Credit Solutions

Fintech

REBL

Institutional Banking

Commercial

Corporate

Total

Total assets

$

1,177,306 

$

2,362,489 

$

1,981,479 

$

1,762,882 

$

2,068,269 

$

9,352,425 

Total liabilities

$

7,377,441 

$

1,817 

$

269,743 

$

5,591 

$

1,008,037 

$

8,662,629 
v3.26.1
Significant Accounting Policies (Policies)
 3 Months Ended
Mar. 31, 2026
Significant Accounting Policies [Abstract]  
Basis Of Presentation Basis of Presentation

The financial statements of the Company, as of March 31, 2026 and for the three-month periods ended March 31, 2026 and 2025, are unaudited. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted in this Quarterly Report on Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). However, in the opinion of management, these interim financial statements include all necessary adjustments to fairly present the results of the interim periods presented. The unaudited interim condensed consolidated financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”). The results of operations for the three-month period ended March 31, 2026 may not necessarily be indicative of the results of operations anticipated for the full year ending December 31, 2026.

Certain prior period amounts have been reclassified to conform to current period presentation.
Subsequent Events Subsequent EventsThe Company evaluated its March 31, 2026 financial statements for subsequent events through the date the consolidated financial statements were issued. The Company is not aware of any subsequent events which would require recognition or disclosure in the financial statements.
v3.26.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Share

For the three months ended March 31,

2026

2025

(Dollars in thousands except share and per share data)

Net income

$

60,069 

$

57,173 

Weighted average shares - basic

42,133,301 

47,214,050 

Effect of dilutive securities:

Common stock options and RSUs

461,523 

745,242 

Weighted average shares - diluted

42,594,824 

47,959,292 

Basic and diluted earnings per share:

Net income per share - basic

$

1.43 

$

1.21 

Effect of dilutive securities:

Common stock options and RSUs

(0.02)

(0.02)

Net income per share - diluted

$

1.41 

$

1.19 

Included in the computation of diluted shares:

Stock options with exercise price below average market price

Share count

368,293 

622,677 

Minimum exercise price

$

8.57 

$

6.87 

Maximum exercise price

$

43.89 

$

35.17 

Excluded from the computation of diluted shares: Antidilutive securities

Outstanding stock-based compensation awards

32,624 

78,240 
v3.26.1
Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2026
Investment Securities [Abstract]  
Schedule Of Investment Securities Classified As Available-for-sale And Held-to-maturity

March 31, 2026

Gross

Gross

Amortized

unrealized

unrealized

Fair

cost

gains

losses

value

U.S. Government agency securities

$

23,483 

$

29 

$

(511)

$

23,001 

Asset-backed securities

229,536 

49 

(680)

228,905 

Tax-exempt obligations of states and political subdivisions

14,613 

26 

(87)

14,552 

Taxable obligations of states and political subdivisions

17,827 

43 

(64)

17,806 

Residential mortgage-backed securities

445,276 

8,774 

(4,033)

450,017 

Collateralized mortgage obligation securities

55,461 

14 

(894)

54,581 

Commercial mortgage-backed securities

855,761 

11,673 

(9,755)

857,679 

$

1,641,957 

$

20,608 

$

(16,024)

$

1,646,541 

December 31, 2025

Gross

Gross

Amortized

unrealized

unrealized

Fair

cost

gains

losses

value

U.S. Government agency securities

$

25,503 

$

63 

$

(457)

$

25,109 

Asset-backed securities

234,029 

205 

(133)

234,101 

Tax-exempt obligations of states and political subdivisions

9,614 

62 

(40)

9,636 

Taxable obligations of states and political subdivisions

18,941 

45 

(59)

18,927 

Residential mortgage-backed securities

454,837 

13,039 

(3,553)

464,323 

Collateralized mortgage obligation securities

58,129 

44 

(593)

57,580 

Commercial mortgage-backed securities

856,273 

14,306 

(8,505)

862,074 

$

1,657,326 

$

27,764 

$

(13,340)

$

1,671,750 
Amortized Cost And Fair Value Of Investment Securities By Contractual Maturity

Available-for-sale

Amortized

Fair

cost

value

Due before one year

$

22,093 

$

21,957 

Due after one year through five years

279,539 

281,334 

Due after five years through ten years

500,946 

505,377 

Due after ten years

839,379 

837,873 

$

1,641,957 

$

1,646,541 
Schedule of Unrealized Loss on Investments

March 31, 2026

Less than 12 months

12 months or longer

Total

Fair Value

Unrealized losses

Fair Value

Unrealized losses

Fair Value

Unrealized losses

Description of Securities

U.S. Government agency securities

$

8,454 

$

(88)

$

10,732 

$

(423)

$

19,186 

$

(511)

Asset-backed securities

169,151 

(680)

—

—

169,151 

(680)

Tax-exempt obligations of states and political subdivisions

6,406 

(82)

1,155 

(5)

7,561 

(87)

Taxable obligations of states and political subdivisions

—

—

12,933 

(64)

12,933 

(64)

Residential mortgage-backed securities

62,538 

(494)

28,460 

(3,539)

90,998 

(4,033)

Collateralized mortgage obligation securities

33,076 

(311)

11,868 

(583)

44,944 

(894)

Commercial mortgage-backed securities

238,918 

(2,081)

107,926 

(7,674)

346,844 

(9,755)

Total unrealized loss position investment securities

$

518,543 

$

(3,736)

$

173,074 

$

(12,288)

$

691,617 

$

(16,024)

December 31, 2025

Less than 12 months

12 months or longer

Total

Fair Value

Unrealized losses

Fair Value

Unrealized losses

Fair Value

Unrealized losses

Description of Securities

U.S. Government agency securities

$

2,521 

$

(1)

$

11,660 

$

(456)

$

14,181 

$

(457)

Asset-backed securities

59,024 

(133)

—

—

59,024 

(133)

Tax-exempt obligations of states and political subdivisions

3,456 

(33)

1,153 

(7)

4,609 

(40)

Taxable obligations of states and political subdivisions

—

—

14,053 

(59)

14,053 

(59)

Residential mortgage-backed securities

18,630 

(62)

28,886 

(3,491)

47,516 

(3,553)

Collateralized mortgage obligation securities

34,149 

(75)

12,721 

(518)

46,870 

(593)

Commercial mortgage-backed securities

173,572 

(873)

119,778 

(7,632)

293,350 

(8,505)

Total unrealized loss position investment securities

$

291,352 

$

(1,177)

$

188,251 

$

(12,163)

$

479,603 

$

(13,340)

 
v3.26.1
Loans, Net (Tables)
 3 Months Ended
Mar. 31, 2026
Loans, Net [Abstract]  
Major Classifications Of Loans

March 31,

December 31,

2026

2025

Loans recorded at amortized cost:

SBL non-real estate

$

242,445 

$

235,282 

SBL commercial mortgage

736,470 

749,234 

SBL construction

19,945 

22,382 

SBLs

998,860 

1,006,898 

Direct lease financing

678,740 

685,422 

SBLOC / IBLOC(1)

1,708,709 

1,669,985 

Advisor financing

270,811 

294,236 

Real estate bridge lending

2,279,454 

2,188,952 

Fintech(2)

1,646,600 

1,097,998 

Other loans(3)

155,825 

157,416 

7,738,999 

7,100,907 

Unamortized loan fees and costs

14,684 

15,769 

Total loans, net of deferred loan fees and costs

$

7,753,683 

$

7,116,676 

_______

(1)At March 31, 2026 and December 31, 2025, IBLOC loans amounted to $459.3 million and $467.5 million, respectively.

(2)As of March 31, 2026 and December 31, 2025, fintech loans included $1.22 billion and $729.1 million of secured credit card accounts which are backed dollar for dollar by cash collateral by each individual cardholder and are required to be repaid in full monthly. For secured credit card accounts, we recognize a loan receivable and a deposit liability for the cash collateral that secures those accounts. The remaining fintech loans consist of cashflow underwritten short-term liquidity products to individual borrowers ranging in maturity from 30 to 365 days.

(3)As of both March 31, 2026 and December 31, 2025, Other loans includes $110.7 million related to warehouse financing related to loan sales to third-party purchasers of real estate bridge loans.
Delinquent Loans By Loan Category

March 31, 2026

30-59 days

60-89 days

90+ days

Total past due

Total

past due

past due

still accruing

Non-accrual

and non-accrual

Current

loans

SBL non-real estate

$

1,227 

$

1,750 

$

—

$

9,726 

$

12,703 

$

229,742 

$

242,445 

SBL commercial mortgage

1,680 

—

—

26,358 

28,038 

708,432 

736,470 

SBL construction

—

—

—

2,660 

2,660 

17,285 

19,945 

Direct lease financing

3,846 

1,115 

411 

10,743 

16,115 

662,625 

678,740 

SBLOC / IBLOC

5,847 

6,011 

—

446 

12,304 

1,696,405 

1,708,709 

Advisor financing

—

—

—

—

—

270,811 

270,811 

Real estate bridge lending

—

—

—

22,454 

22,454 

2,257,000 

2,279,454 

Fintech

17,188 

3,214 

1,762 

—

22,164 

1,624,436 

1,646,600 

Other loans

110 

—

1 

406 

517 

155,308 

155,825 

Unamortized loan fees and costs

—

—

—

—

—

14,684 

14,684 

$

29,898 

$

12,090 

$

2,174 

$

72,793 

$

116,955 

$

7,636,728 

$

7,753,683 

December 31, 2025

30-59 days

60-89 days

90+ days

Total past due

Total

past due

past due

still accruing

Non-accrual

and non-accrual

Current

loans

SBL non-real estate

$

1,515 

$

344 

$

—

$

8,639 

$

10,498 

$

224,784 

$

235,282 

SBL commercial mortgage

224 

—

—

21,977 

22,201 

727,033 

749,234 

SBL construction

—

—

—

2,660 

2,660 

19,722 

22,382 

Direct lease financing

2,461 

894 

1,457 

12,066 

16,878 

668,544 

685,422 

SBLOC / IBLOC

5,328 

65 

251 

446 

6,090 

1,663,895 

1,669,985 

Advisor financing

—

—

—

—

—

294,236 

294,236 

Real estate bridge lending

—

—

14,459 

9,755 

24,214 

2,164,738 

2,188,952 

Fintech

24,701 

3,791 

2,030 

—

30,522 

1,067,476 

1,097,998 

Other loans

209 

111 

2 

142 

464 

156,952 

157,416 

Unamortized loan fees and costs

—

—

—

—

—

15,769 

15,769 

$

34,438 

$

5,205 

$

18,199 

$

55,685 

$

113,527 

$

7,003,149 

$

7,116,676 
Summary Of Non-Accrual Loans With And Without Allowance For Credit Losses

March 31, 2026

December 31, 2025

Non-accrual loans with a related ACL

Related ACL

Non-accrual loans without a related ACL

Total non-accrual loans

Non-accrual loans with a related ACL

Related ACL

Non-accrual loans without a related ACL

Total non-accrual loans

SBL non-real estate

$

6,432 

$

1,132 

$

3,294 

$

9,726 

$

5,361 

$

963 

$

3,278 

$

8,639 

SBL commercial mortgage

3,879 

809 

22,479 

26,358 

3,009 

801 

18,968 

21,977 

SBL construction

710 

37 

1,950 

2,660 

710 

35 

1,950 

2,660 

Direct lease financing

10,533 

2,523 

210 

10,743 

11,881 

4,211 

185 

12,066 

IBLOC

446 

207 

—

446 

446 

207 

—

446 

Real estate bridge lending

12,700 

796 

9,754 

22,454 

—

—

9,755 

9,755 

Other loans

—

—

406 

406 

—

—

142 

142 

$

34,700 

$

5,504 

$

38,093 

$

72,793 

$

21,407 

$

6,217 

$

34,278 

$

55,685 
Summary Of Loans Modified And Related Information

Three months ended March 31, 2025

Payment delay as a result of a payment deferral

Total

Percent of total loan category

SBL non-real estate

$

5,348 

$

5,348 

2.79%

SBL commercial mortgage

2,738 

2,738 

0.40%

Total

$

8,086 

$

8,086 

0.13%
Summary Of Restructured Loans During Twelve Months

Three months ended March 31, 2025

Payment Status (Amortized Cost Basis)

30-59 days

60-89 days

90+ days

Total

past due

past due

still accruing

Non-accrual

delinquent

Current

Total

SBL non-real estate

$

—

$

—

$

—

$

—

$

—

$

5,348 

$

5,348 

SBL commercial mortgage

—

—

—

—

—

2,738 

2,738 

$

—

$

—

$

—

$

—

$

—

$

8,086 

$

8,086 
Summary of Financial Effect of Modifications to Troubled Borrowers

Three months ended March 31, 2025

Combined Rate and Maturity

Weighted average interest reduction

Weighted average term extension (in months)

More-than-insignificant-payment delay(1)

SBL non-real estate

—

—

2.79%

SBL commercial mortgage

—

—

0.40%

(1)Percentage represents the principal of loans deferred divided by the principal of the total loan portfolio.
Summary Of Gross Loans Held For Investment By Year Of Origination And Internally Assigned Credit Grade

As of March 31, 2026

2026

2025

2024

2023

2022

Prior

Revolving loans at amortized cost

Total

SBL non real estate

Pass

$

13,153 

$

71,206 

$

48,894 

$

57,874 

$

15,801 

$

16,853 

$

—

$

223,781 

Special mention

—

—

384 

1,976 

1,434 

42 

—

3,836 

Substandard

—

—

1,741 

6,459 

4,823 

1,805 

—

14,828 

Total SBL non-real estate

13,153 

71,206 

51,019 

66,309 

22,058 

18,700 

—

242,445 

SBL commercial mortgage

Pass

40,058 

105,910 

141,693 

77,866 

98,227 

218,672 

—

682,426 

Special mention

—

—

496 

1,964 

4,383 

11,443 

—

18,286 

Substandard

—

—

2,380 

11,567 

8,037 

13,774 

—

35,758 

Total SBL commercial mortgage

40,058 

105,910 

144,569 

91,397 

110,647 

243,889 

—

736,470 

SBL construction

Pass

1,101 

7,234 

4,402 

4,548 

—

—

—

17,285 

Substandard

—

—

—

—

—

2,660 

—

2,660 

Total SBL construction

1,101 

7,234 

4,402 

4,548 

—

2,660 

—

19,945 

Direct lease financing

Non-rated

1,744 

—

—

—

—

—

—

1,744 

Pass

66,245 

232,613 

160,305 

107,238 

74,922 

18,566 

—

659,889 

Special mention

369 

669 

358 

757 

271 

85 

—

2,509 

Substandard

—

25 

2,776 

6,494 

3,884 

1,419 

—

14,598 

Total direct lease financing

68,358 

233,307 

163,439 

114,489 

79,077 

20,070 

—

678,740 

SBLOC/IBLOC

Non-rated

—

—

—

—

—

—

7,650 

7,650 

Pass

—

—

—

—

—

—

1,700,573 

1,700,573 

Substandard

—

—

—

—

—

—

486 

486 

Total SBLOC/IBLOC

—

—

—

—

—

—

1,708,709 

1,708,709 

Advisor financing

Pass

3,769 

66,640 

65,857 

59,120 

42,055 

24,528 

—

261,969 

Special mention

—

—

—

—

968 

7,874 

—

8,842 

Total advisor financing

3,769 

66,640 

65,857 

59,120 

43,023 

32,402 

—

270,811 

Real estate bridge lending

Pass

265,445 

703,225 

468,624 

188,190 

528,394 

66,488 

—

2,220,366 

Substandard

—

—

23,757 

—

25,577 

9,754 

—

59,088 

Total real estate bridge lending

265,445 

703,225 

492,381 

188,190 

553,971 

76,242 

—

2,279,454 

Fintech

Non-rated

137,470 

34,130 

—

—

—

—

1,473,238 

1,644,838 

Substandard

—

1,762 

—

—

—

—

—

1,762 

Total fintech

137,470 

35,892 

—

—

—

—

1,473,238 

1,646,600 

Other loans

Non-rated

402 

—

—

—

—

12,278 

—

12,680 

Pass

—

56,994 

54,456 

160 

251 

29,812 

1,066 

142,739 

Substandard

—

—

—

—

—

406 

—

406 

Total other loans

402 

56,994 

54,456 

160 

251 

42,496 

1,066 

155,825 

Total

$

529,756 

$

1,280,408 

$

976,123 

$

524,213 

$

809,027 

$

436,459 

$

3,183,013 

$

7,738,999 

Unamortized loan fees and costs

14,684 

Total

$

7,753,683 

As of December 31, 2025

2025

2024

2023

2022

2021

Prior

Revolving loans at amortized cost

Total

SBL non real estate

Pass

$

70,191 

$

50,083 

$

60,331 

$

17,797 

$

12,295 

$

6,765 

$

—

$

217,462 

Special mention

—

262 

992 

1,480 

—

71 

—

2,805 

Substandard

—

1,171 

6,635 

4,276 

1,360 

1,573 

—

15,015 

Total SBL non-real estate

70,191 

51,516 

67,958 

23,553 

13,655 

8,409 

—

235,282 

SBL commercial mortgage

Pass

107,357 

156,610 

83,047 

105,359 

69,554 

166,921 

—

688,848 

Special mention

—

2,749 

2,708 

4,406 

4,275 

7,459 

—

21,597 

Substandard

—

706 

9,622 

14,656 

8,579 

5,226 

—

38,789 

Total SBL commercial mortgage

107,357 

160,065 

95,377 

124,421 

82,408 

179,606 

—

749,234 

SBL construction

Pass

4,769 

10,449 

4,504 

—

—

—

—

19,722 

Substandard

—

—

—

—

1,950 

710 

—

2,660 

Total SBL construction

4,769 

10,449 

4,504 

—

1,950 

710 

—

22,382 

Direct lease financing

Non-rated

1,777 

—

—

—

—

—

—

1,777 

Pass

253,367 

177,838 

121,969 

87,456 

20,241 

4,269 

—

665,140 

Special mention

719 

410 

759 

295 

3 

—

—

2,186 

Substandard

16 

2,741 

7,321 

4,335 

1,839 

67 

—

16,319 

Total direct lease financing

255,879 

180,989 

130,049 

92,086 

22,083 

4,336 

—

685,422 

SBLOC/IBLOC

Non-rated

—

—

—

—

—

—

6,882 

6,882 

Pass

—

—

—

—

—

—

1,662,616 

1,662,616 

Substandard

—

—

—

—

—

—

487 

487 

Total SBLOC/IBLOC

—

—

—

—

—

—

1,669,985 

1,669,985 

Advisor financing

Pass

68,249 

69,705 

70,411 

48,197 

16,471 

12,253 

—

285,286 

Special mention

—

—

—

979 

7,971 

—

—

8,950 

Total advisor financing

68,249 

69,705 

70,411 

49,176 

24,442 

12,253 

—

294,236 

Real estate bridge lending

Pass

689,651 

453,603 

271,554 

569,730 

120,938 

—

—

2,105,476 

Special mention

—

—

—

—

9,576 

—

—

9,576 

Substandard

—

42,735 

—

21,411 

9,754 

—

—

73,900 

Total real estate bridge lending

689,651 

496,338 

271,554 

591,141 

140,268 

—

—

2,188,952 

Fintech

Non-rated

141,605 

—

—

—

—

—

954,364 

1,095,969 

Substandard

2,029 

—

—

—

—

—

—

2,029 

Total fintech

143,634 

—

—

—

—

—

954,364 

1,097,998 

Other loans

Non-rated

494 

—

—

—

—

8,852 

—

9,346 

Pass

56,998 

54,458 

160 

252 

343 

34,621 

1,096 

147,928 

Substandard

—

—

—

—

—

142 

—

142 

Total other loans

57,492 

54,458 

160 

252 

343 

43,615 

1,096 

157,416 

Total

$

1,397,222 

$

1,023,520 

$

640,013 

$

880,629 

$

285,149 

$

248,929 

$

2,625,445 

$

7,100,907 

Unamortized loan fees and costs

15,769 

Total

$

7,116,676 
Changes In Allowance For Loan And Lease Losses By Loan Category

March 31, 2026

SBL non-real estate

SBL commercial mortgage

SBL construction

Direct lease financing

SBLOC / IBLOC

Advisor financing

Real estate bridge lending

Fintech

Other loans

Deferred fees and costs

Total

Beginning 1/1/2026

$

6,337 

$

3,118 

$

235 

$

15,675 

$

1,041 

$

2,207 

$

5,949 

$

31,137 

$

501 

$

—

$

66,200 

Charge-offs

(92)

—

—

(512)

—

—

—

(52,130)

—

—

(52,734)

Recoveries

37 

—

—

100 

—

—

—

21,919 

—

—

22,056 

Provision (reversal)

310 

(107)

(24)

(2,121)

20 

(176)

781 

28,843 

(31)

—

27,495 

Ending balance

$

6,592 

$

3,011 

$

211 

$

13,142 

$

1,061 

$

2,031 

$

6,730 

$

29,769 

$

470 

$

—

$

63,017 

March 31, 2025

SBL non-real estate

SBL commercial mortgage

SBL construction

Direct lease financing

SBLOC / IBLOC

Advisor financing

Real estate bridge lending

Fintech

Other loans

Deferred fees and costs

Total

Beginning 1/1/2025

$

4,972 

$

3,203 

$

342 

$

13,125 

$

1,195 

$

2,054 

$

6,603 

$

12,909 

$

450 

$

—

$

44,853 

Charge-offs

(62)

—

—

(736)

—

—

—

(44,224)

—

—

(45,022)

Recoveries

18 

—

—

260 

—

—

—

5,646 

—

—

5,924 

Provision (reversal)

34 

(536)

73 

1,104 

7 

(60)

270 

45,868 

(18)

—

46,742 

Ending balance

$

4,962 

$

2,667 

$

415 

$

13,753 

$

1,202 

$

1,994 

$

6,873 

$

20,199 

$

432 

$

—

$

52,497 
Schedule Of Net Charge-offs, Classified By Year Of The Loan Origination A summary of the Company’s gross charge-offs classified by portfolio segment and year of origination are as follows (dollars in thousands):

Three months ended March 31, 2026

2026

2025

2024

2023

2022

Prior

Revolving loans at amortized cost

Total

SBL non-real estate

$

—

$

—

$

—

$

(92)

$

—

$

—

$

—

$

(92)

Direct lease financing

—

—

—

(194)

(247)

(71)

—

(512)

Fintech

(51)

(9,214)

—

—

—

—

(42,865)

(52,130)

Total Charge-offs

$

(51)

$

(9,214)

$

—

$

(286)

$

(247)

$

(71)

$

(42,865)

$

(52,734)

Three months ended March 31, 2025

2025

2024

2023

2022

2021

Prior

Revolving loans at amortized cost

Total

SBL non-real estate

$

—

$

—

$

—

$

(62)

$

—

$

—

$

—

$

(62)

Direct lease financing

(6)

(75)

(564)

(91)

—

—

(736)

Fintech

—

(1,068)

—

—

—

—

(43,156)

(44,224)

Total Charge-offs

$

—

$

(1,074)

$

(75)

$

(626)

$

(91)

$

—

$

(43,156)

$

(45,022)
Scheduled Undiscounted Cash Flows Of Direct Financing Leases  

Remaining 2026

$

258,482 

2027

134,352 

2028

85,732 

2029

45,971 

2030

15,980 

2031 and thereafter

3,150 

Total undiscounted cash flows

543,667 

Residual value(1)

221,893 

Difference between undiscounted cash flows and discounted cash flows

(86,820)

Present value of lease payments recorded as lease receivables

$

678,740 

(1) Of the total residual value, $42.9 million is not guaranteed by the lessee or other guarantors.
v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt [Abstract]  
Schedule Of Short-term Debt

March 31,

December 31,

2026

2025

(Dollars in thousands)

Short-term borrowings

$

470,000 

$

199,000 

Senior debt:

Senior notes due 2030

$

200,000 

$

200,000 

Debt issuance costs

(3,680)

(3,747)

Senior debt, net

$

196,320 

$

196,253 

Subordinated debentures

$

13,401 

$

13,401 

Other long-term borrowings

$

13,626 

$

13,712 
v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Changes In Company's Level 3 Assets

Commercial loans,

at fair value

March 31, 2026

March 31, 2025

Beginning balance

$

139,389 

$

223,115 

Total net (losses) or gains (realized/unrealized)

Included in earnings(1)

6 

361 

Purchases, advances, sales and settlements

Advances

—

1,763 

Settlements

(11,135)

(13,659)

Ending balance

$

128,260 

$

211,580 

Total losses year-to-date included

in earnings attributable to the change in

unrealized gains or losses relating to assets still

held at the reporting date as shown above.

$

—

$

—

(1)For commercial loans at fair value, gains or losses are recognized in Non-interest income—Net realized and unrealized gains on commercial loans, at fair value in the Condensed Consolidated Statement of Operations.
Fair Value Inputs, Assets, Quantitative Information

Discount Rate Assumption

At March 31, 2026

At December 31, 2025

Range

Weighted average

Range

Weighted average

Commercial loans, at fair value:

Commercial - SBA

5.67%

5.67%

5.73%

5.73%

Non-SBA commercial real estate

6.80%-8.70%

7.19%

6.50%-8.98%

6.94%
Carrying Amount And Estimated Fair Value Of Assets And Liabilities

March 31, 2026

Carrying

Estimated

amount

fair value

Level 1

Level 2

Level 3

ASSETS:

Investment securities, available-for-sale

$

1,646,541 

$

1,646,541 

$

—

$

1,646,541 

$

—

Commercial loans, at fair value

128,260 

128,260 

—

—

128,260 

Loans, net of deferred loan fees and costs

7,753,683 

7,722,550 

—

—

7,722,550 

FRB, FHLB and ACBB stock

37,785 

37,785 

—

—

37,785 

Accrued interest receivable

41,315 

41,315 

—

41,315 

—

Credit enhancement asset

29,769 

29,769 

—

29,769 

—

LIABILITIES:

Deposits

Demand and interest checking

8,281,037 

8,281,037 

—

8,281,037 

—

Savings and money market

148,988 

148,988 

—

148,988 

—

Short-term borrowings

470,000 

470,000 

—

470,000 

—

Senior debt

196,320 

204,160 

—

204,160 

—

Subordinated debentures

13,401 

10,854 

—

—

10,854 

Other long-term borrowings

13,626 

13,626 

—

13,626 

—

Other liabilities:

Accrued interest payable

1,803 

1,803 

—

1,803 

—

December 31, 2025

Carrying

Estimated

amount

fair value

Level 1

Level 2

Level 3

ASSETS:

Investment securities, available-for-sale

$

1,671,750 

$

1,671,750 

$

—

$

1,671,750 

$

—

Commercial loans, at fair value

139,389 

139,389 

—

—

139,389 

Loans, net of deferred loan fees and costs

7,116,676 

7,073,348 

—

—

7,073,348 

FRB, FHLB and ACBB stock

25,205 

25,205 

—

—

25,205 

Accrued interest receivable

43,090 

43,090 

—

43,090 

—

Credit enhancement asset

31,138 

31,138 

—

31,138 

—

LIABILITIES:

Deposits

Demand and interest checking

7,827,037 

7,827,037 

—

7,827,037 

—

Savings and money market

338,459 

338,459 

—

338,459 

—

Short-term borrowings

199,000 

199,000 

—

199,000 

—

Senior debt

196,253 

202,503 

—

202,503 

—

Subordinated debentures

13,401 

11,220 

—

—

11,220 

Other long-term borrowings

13,712 

13,712 

—

13,712 

—

Other liabilities:

Accrued interest payable

6,802 

6,802 

—

6,802 

—
Fair Value, Measurements, Recurring [Member]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Measured At Fair Value On A Recurring And Nonrecurring Basis

March 31, 2026

Total

Level 1

Level 2

Level 3

Investment securities, available-for-sale

Investment securities, available-for-sale

U.S. Government agency securities

$

23,001 

$

—

$

23,001 

$

—

Asset-backed securities

228,905 

—

228,905 

—

Obligations of states and political subdivisions

32,358 

—

32,358 

—

Residential mortgage-backed securities

450,017 

—

450,017 

—

Collateralized mortgage obligation securities

54,581 

—

54,581 

—

Commercial mortgage-backed securities

857,679 

—

857,679 

—

Total investment securities, available-for-sale

1,646,541 

—

1,646,541 

—

Commercial loans, at fair value

128,260 

—

—

128,260 

Credit enhancement asset

29,769 

—

29,769 

—

$

1,804,570 

$

—

$

1,676,310 

$

128,260 

December 31, 2025

Total

Level 1

Level 2

Level 3

Investment securities, available-for-sale

Investment securities, available-for-sale

U.S. Government agency securities

$

25,109 

$

—

$

25,109 

$

—

Asset-backed securities

234,101 

—

234,101 

—

Obligations of states and political subdivisions

28,563 

—

28,563 

—

Residential mortgage-backed securities

464,323 

—

464,323 

—

Collateralized mortgage obligation securities

57,580 

—

57,580 

—

Commercial mortgage-backed securities

862,074 

—

862,074 

—

Total investment securities, available-for-sale

1,671,750 

—

1,671,750 

—

Commercial loans, at fair value

139,389 

—

—

139,389 

Credit enhancement asset

31,138 

—

31,138 

—

$

1,842,277 

$

—

$

1,702,888 

$

139,389 
v3.26.1
Regulatory Matters (Tables)
 3 Months Ended
Mar. 31, 2026
Regulatory Matters [Abstract]  
Schedule Of Regulatory Capital Amounts

Tier 1 capital

Tier 1 capital

Total capital

Common equity

to average

to risk-weighted

to risk-weighted

Tier 1 to risk

assets ratio

assets ratio

assets ratio

weighted assets

As of March 31, 2026

The Bancorp, Inc.

7.30%

11.21%

12.26%

11.21%

The Bancorp Bank, National Association

9.18%

14.06%

15.10%

14.06%

"Well capitalized" institution (under federal regulations-Basel III)

5.00%

8.00%

10.00%

6.50%

As of December 31, 2025

The Bancorp, Inc.

7.64%

11.08%

12.19%

11.08%

The Bancorp Bank, National Association

9.70%

14.03%

15.13%

14.03%

"Well capitalized" institution (under federal regulations-Basel III)

5.00%

8.00%

10.00%

6.50%
v3.26.1
Segment Financials (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Financials [Abstract]  
Schedule Of Segment Financials

For the three months ended March 31, 2026

Credit Solutions

Fintech

REBL

Institutional Banking

Commercial

Corporate

Total

Interest income

$

1,826 

$

44,707 

$

27,844 

$

32,378 

$

23,036 

$

129,791 

Interest allocation

56,959 

(21,663)

(15,635)

(15,993)

(3,668)

—

Interest expense

31,865 

—

1,506 

10 

7,596 

40,977 

Net interest income

26,920 

23,044 

10,703 

16,375 

11,772 

88,814 

Provision for credit losses(1)

28,843 

847 

(160)

(1,897)

(32)

27,601 

Non-interest income(1)

68,431 

1,167 

318 

2,586 

23 

72,525 

Direct non-interest expense

Salaries and employee benefits

4,749 

1,124 

1,040 

5,021 

25,543 

37,477 

Data processing expense

381 

44 

580 

1 

303 

1,309 

Software

243 

28 

624 

508 

3,966 

5,369 

Other

2,686 

1,235 

276 

2,040 

4,634 

10,871 

Income before non-interest expense allocations

58,449 

20,933 

8,661 

13,288 

(22,619)

78,712 

Non-interest expense allocations

Risk, financial crimes, and compliance

7,811 

707 

940 

1,531 

(10,989)

—

Information technology and operations

3,803 

256 

1,213 

2,302 

(7,574)

—

Other allocated expenses

4,123 

895 

1,484 

2,066 

(8,568)

—

Total non-interest expense allocations

15,737 

1,858 

3,637 

5,899 

(27,131)

—

Income before taxes

42,712 

19,075 

5,024 

7,389 

4,512 

78,712 

Income tax expense

10,116 

4,518 

1,190 

1,750 

1,069 

18,643 

Net income

$

32,596 

$

14,557 

$

3,834 

$

5,639 

$

3,443 

$

60,069 

(1)Non-interest income of the Fintech segment includes $28.8 million of Fintech loan credit enhancement income related to the estimated recovery from a Fintech partner for losses on fintech loans where the measurement of the expected loan loss and credit enhancement are based on the same estimate. The remainder of Non-interest income for Fintech is $38.1 million total fintech fees.

For the three months ended March 31, 2025

Credit Solutions

Fintech

REBL

Institutional Banking

Commercial

Corporate

Total

Interest income

$

240 

$

47,870 

$

28,012 

$

31,907 

$

31,773 

$

139,802 

Interest allocation

73,380 

(24,369)

(16,736)

(17,716)

(14,559)

—

Interest expense

42,743 

—

1,643 

10 

3,663 

48,059 

Net interest income

30,877 

23,501 

9,633 

14,181 

13,551 

91,743 

Provision for credit losses(1)

45,868 

307 

(68)

764 

(18)

46,853 

Non-interest income(1)

80,342 

520 

275 

2,342 

163 

83,642 

Direct non-interest expense

Salaries and employee benefits

4,329 

1,214 

2,800 

5,290 

20,036 

33,669 

Data processing expense

287 

36 

493 

3 

386 

1,205 

Software

159

26

766

474

3,588 

5,013 

Other

2,611 

1,560 

319 

2,117 

6,800 

13,407 

Income before non-interest expense allocations

57,965 

20,878 

5,598 

7,875 

(17,078)

75,238 

Non-interest expense allocations

Risk, financial crimes, and compliance

7,040 

576 

788 

1,297 

(9,701)

—

Information technology and operations

3,506 

190 

1,516 

2,011 

(7,223)

—

Other allocated expenses

4,086 

825 

1,689 

1,926 

(8,526)

—

Total non-interest expense allocations

14,632 

1,591 

3,993 

5,234 

(25,450)

—

Income before taxes

43,333 

19,287 

1,605 

2,641 

8,372 

75,238 

Income tax expense

10,404 

4,631 

385 

634 

2,011 

18,065 

Net income

$

32,929 

$

14,656 

$

1,220 

$

2,007 

$

6,361 

$

57,173 

(1)Non-interest income of the Fintech segment includes $45.9 million of Fintech loan credit enhancement income related to the estimated recovery from a Fintech partner for losses on fintech loans where the measurement of the expected loan loss and credit enhancement are based on the same estimate. The remainder of Non-interest income for Fintech is $34.4 million total fintech fees.

March 31, 2026

Credit Solutions

Fintech

REBL

Institutional Banking

Commercial

Corporate

Total

Total assets

$

1,717,501 

$

2,443,341 

$

1,996,056 

$

1,748,596 

$

1,993,270 

$

9,898,764 

Total liabilities

$

8,181,278 

$

1,321 

$

276,205 

$

5,587 

$

737,423 

$

9,201,814 

December 31, 2025

Credit Solutions

Fintech

REBL

Institutional Banking

Commercial

Corporate

Total

Total assets

$

1,177,306 

$

2,362,489 

$

1,981,479 

$

1,762,882 

$

2,068,269 

$

9,352,425 

Total liabilities

$

7,377,441 

$

1,817 

$

269,743 

$

5,591 

$

1,008,037 

$

8,662,629 
v3.26.1
Organization And Nature Of Operations (Details)
 3 Months Ended
Mar. 31, 2026
segment
Organization And Nature Of Operations [Abstract]  
Number of operating segments 2
v3.26.1
Earnings Per Share (Earnings Per Share) (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Earnings Per Share [Abstract]    
Net income $ 60,069 $ 57,173
Weighted average shares - basic 42,133,301 47,214,050
Effect of dilutive securities:    
Common stock options and RSUs 461,523 745,242
Weighted average shares - diluted 42,594,824 47,959,292
Basic and diluted earnings per share:    
Net income per share - basic $ 1.43 $ 1.21
Effect of dilutive securities:    
Common stock options and RSUs (0.02) (0.02)
Net income per share - diluted $ 1.41 $ 1.19
Included in the computation of diluted shares: Stock options with exercise price below average market price    
Share count 368,293 622,677
Minimum exercise price $ 8.57 $ 6.87
Maximum exercise price $ 43.89 $ 35.17
Excluded from the computation of diluted shares: Antidilutive securities    
Outstanding stock-based compensation awards 32,624 78,240
v3.26.1
Investment Securities (Schedule Of Investment Securities Classified As Available-for-sale And Held-to-maturity) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Available-for-sale [Abstract]    
Total $ 1,641,957 $ 1,657,326
Gross unrealized gains 20,608 27,764
Gross unrealized losses (16,024) (13,340)
Investment securities, available-for-sale, at fair value 1,646,541 1,671,750
U.S. Government Agency Securities [Member]    
Available-for-sale [Abstract]    
Total 23,483 25,503
Gross unrealized gains 29 63
Gross unrealized losses (511) (457)
Investment securities, available-for-sale, at fair value 23,001 25,109
Asset-backed Securities [Member]    
Available-for-sale [Abstract]    
Total 229,536 234,029
Gross unrealized gains 49 205
Gross unrealized losses (680) (133)
Investment securities, available-for-sale, at fair value 228,905 234,101
Tax-exempt Obligations Of States And Political Subdivisions [Member]    
Available-for-sale [Abstract]    
Total 14,613 9,614
Gross unrealized gains 26 62
Gross unrealized losses (87) (40)
Investment securities, available-for-sale, at fair value 14,552 9,636
Taxable Obligations Of States And Political Subdivisions [Member]    
Available-for-sale [Abstract]    
Total 17,827 18,941
Gross unrealized gains 43 45
Gross unrealized losses (64) (59)
Investment securities, available-for-sale, at fair value 17,806 18,927
Residential Mortgage-backed Securities [Member]    
Available-for-sale [Abstract]    
Total 445,276 454,837
Gross unrealized gains 8,774 13,039
Gross unrealized losses (4,033) (3,553)
Investment securities, available-for-sale, at fair value 450,017 464,323
Collateralized Mortgage Obligation Securities [Member]    
Available-for-sale [Abstract]    
Total 55,461 58,129
Gross unrealized gains 14 44
Gross unrealized losses (894) (593)
Investment securities, available-for-sale, at fair value 54,581 57,580
Commercial Mortgage-backed Securities [Member]    
Available-for-sale [Abstract]    
Total 855,761 856,273
Gross unrealized gains 11,673 14,306
Gross unrealized losses (9,755) (8,505)
Investment securities, available-for-sale, at fair value $ 857,679 $ 862,074
v3.26.1
Investment Securities (Amortized Cost And Fair Value Of Investment Securities By Contractual Maturity) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Available-for-sale, Amortized cost [Abstract]    
Due before one year $ 22,093  
Due after one year through five years 279,539  
Due after five years through ten years 500,946  
Due after ten years 839,379  
Total 1,641,957 $ 1,657,326
Available-for-sale, Fair value [Abstract]    
Due before one year 21,957  
Due after one year through five years 281,334  
Due after five years through ten years 505,377  
Due after ten years 837,873  
Total investment securities, available-for-sale $ 1,646,541 $ 1,671,750
v3.26.1
Investment Securities (Available-for-sale And Held-to-maturity Securities, Continuous Unrealized Loss Position) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Available-for-sale, continuous unrealized loss position, Fair Value [Abstract]    
Less than 12 months, Fair Value $ 518,543 $ 291,352
12 months or longer, Fair Value 173,074 188,251
Total, Fair Value 691,617 479,603
Available-for-sale, continuous unrealized loss position, Unrealized losses [Abstract]    
Less than 12 months, Unrealized losses (3,736) (1,177)
12 months or longer, Unrealized losses (12,288) (12,163)
Total, Unrealized losses (16,024) (13,340)
U.S. Government Agency Securities [Member]    
Available-for-sale, continuous unrealized loss position, Fair Value [Abstract]    
Less than 12 months, Fair Value 8,454 2,521
12 months or longer, Fair Value 10,732 11,660
Total, Fair Value 19,186 14,181
Available-for-sale, continuous unrealized loss position, Unrealized losses [Abstract]    
Less than 12 months, Unrealized losses (88) (1)
12 months or longer, Unrealized losses (423) (456)
Total, Unrealized losses (511) (457)
Asset-backed Securities [Member]    
Available-for-sale, continuous unrealized loss position, Fair Value [Abstract]    
Less than 12 months, Fair Value 169,151 59,024
Total, Fair Value 169,151 59,024
Available-for-sale, continuous unrealized loss position, Unrealized losses [Abstract]    
Less than 12 months, Unrealized losses (680) (133)
Total, Unrealized losses (680) (133)
Tax-exempt Obligations Of States And Political Subdivisions [Member]    
Available-for-sale, continuous unrealized loss position, Fair Value [Abstract]    
Less than 12 months, Fair Value 6,406 3,456
12 months or longer, Fair Value 1,155 1,153
Total, Fair Value 7,561 4,609
Available-for-sale, continuous unrealized loss position, Unrealized losses [Abstract]    
Less than 12 months, Unrealized losses (82) (33)
12 months or longer, Unrealized losses (5) (7)
Total, Unrealized losses (87) (40)
Taxable Obligations Of States And Political Subdivisions [Member]    
Available-for-sale, continuous unrealized loss position, Fair Value [Abstract]    
12 months or longer, Fair Value 12,933 14,053
Total, Fair Value 12,933 14,053
Available-for-sale, continuous unrealized loss position, Unrealized losses [Abstract]    
12 months or longer, Unrealized losses (64) (59)
Total, Unrealized losses (64) (59)
Residential Mortgage-backed Securities [Member]    
Available-for-sale, continuous unrealized loss position, Fair Value [Abstract]    
Less than 12 months, Fair Value 62,538 18,630
12 months or longer, Fair Value 28,460 28,886
Total, Fair Value 90,998 47,516
Available-for-sale, continuous unrealized loss position, Unrealized losses [Abstract]    
Less than 12 months, Unrealized losses (494) (62)
12 months or longer, Unrealized losses (3,539) (3,491)
Total, Unrealized losses (4,033) (3,553)
Collateralized Mortgage Obligation Securities [Member]    
Available-for-sale, continuous unrealized loss position, Fair Value [Abstract]    
Less than 12 months, Fair Value 33,076 34,149
12 months or longer, Fair Value 11,868 12,721
Total, Fair Value 44,944 46,870
Available-for-sale, continuous unrealized loss position, Unrealized losses [Abstract]    
Less than 12 months, Unrealized losses (311) (75)
12 months or longer, Unrealized losses (583) (518)
Total, Unrealized losses (894) (593)
Commercial Mortgage-backed Securities [Member]    
Available-for-sale, continuous unrealized loss position, Fair Value [Abstract]    
Less than 12 months, Fair Value 238,918 173,572
12 months or longer, Fair Value 107,926 119,778
Total, Fair Value 346,844 293,350
Available-for-sale, continuous unrealized loss position, Unrealized losses [Abstract]    
Less than 12 months, Unrealized losses (2,081) (873)
12 months or longer, Unrealized losses (7,674) (7,632)
Total, Unrealized losses $ (9,755) $ (8,505)
v3.26.1
Loans, Net (Narrative) (Details) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans, gross $ 7,738,999,000   $ 7,738,999,000 $ 7,100,907,000
Credit enhancement asset 29,769,000   29,769,000 31,138,000
Interest which would have been earned on loans classified as non-accrual 1,100,000 $ 400,000    
Commitments to lend additional funds to loan customers whose terms have been modified in troubled debt restructurings 0   0  
Non-accrual loans, income 0 0    
Nonaccrual loans, Income Reversed 600,000 500,000    
Purchase of lease receivables 200,000 15,400,000    
Allowance for credit losses on off-balance sheet credit 1,600,000   1,600,000 1,400,000
Increase in net charge-offs     8,400,000  
Net charge-offs 30,700,000 39,100,000    
Payment Status [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Troubled debt restructured loans balance   8,086,000    
SBL Loan - PPP, Including Other Institutions [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans, gross 300,000   300,000  
SBL Commercial Mortgage [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans, gross 736,470,000   736,470,000 749,234,000
Nonaccrual loans, Income Reversed 200,000      
SBL Commercial Mortgage [Member] | Payment Status [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Troubled debt restructured loans balance   2,738,000    
SBL Non-Real Estate [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans, gross 242,445,000   242,445,000 235,282,000
Nonaccrual loans, Income Reversed   100,000    
SBL Non-Real Estate [Member] | Payment Status [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Troubled debt restructured loans balance   5,348,000    
Real Estate Bridge Lending [Member]        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans, gross 2,279,454,000   $ 2,279,454,000 $ 2,188,952,000
Nonaccrual loans, Income Reversed $ 400,000 $ 300,000    
v3.26.1
Loans, Net (Major Classifications Of Loans) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Major classifications of loans [Abstract]    
Total loans, gross $ 7,738,999 $ 7,100,907
Unamortized loan fees and costs 14,684 15,769
Total loans, net of deferred loan fees and costs 7,753,683 7,116,676
SBL Non-Real Estate [Member]    
Major classifications of loans [Abstract]    
Total loans, gross 242,445 235,282
Total loans, net of deferred loan fees and costs 242,445 235,282
SBL Commercial Mortgage [Member]    
Major classifications of loans [Abstract]    
Total loans, gross 736,470 749,234
Total loans, net of deferred loan fees and costs 736,470 749,234
SBL Construction [Member]    
Major classifications of loans [Abstract]    
Total loans, gross 19,945 22,382
Total loans, net of deferred loan fees and costs 19,945 22,382
Small Business Loans [Member]    
Major classifications of loans [Abstract]    
Total loans, gross 998,860 1,006,898
Direct Lease Financing [Member]    
Major classifications of loans [Abstract]    
Total loans, gross 678,740 685,422
Total loans, net of deferred loan fees and costs 678,740 685,422
SBLOC/IBLOC [Member]    
Major classifications of loans [Abstract]    
Total loans, gross 1,708,709 1,669,985
Total loans, net of deferred loan fees and costs 1,708,709 1,669,985
Advisor Financing [Member]    
Major classifications of loans [Abstract]    
Total loans, gross 270,811 294,236
Total loans, net of deferred loan fees and costs 270,811 294,236
Real Estate Bridge Lending [Member]    
Major classifications of loans [Abstract]    
Total loans, gross 2,279,454 2,188,952
Total loans, net of deferred loan fees and costs 2,279,454 2,188,952
Fintech [Member]    
Major classifications of loans [Abstract]    
Total loans, gross 1,646,600 1,097,998
Total loans, net of deferred loan fees and costs 1,646,600 1,097,998
Other Loans [Member]    
Major classifications of loans [Abstract]    
Total loans, gross 155,825 157,416
Warehouse financing related to loan sales 110,700 110,700
IBLOC [Member]    
Major classifications of loans [Abstract]    
Total loans, gross 459,300 467,500
Secured Consumer Credit Card Loans [Member]    
Major classifications of loans [Abstract]    
Total loans, gross $ 1,220,000 $ 729,100
v3.26.1
Loans, Net (Delinquent Loans By Loan Category) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual $ 72,793 $ 55,685
Total loans, gross 7,738,999 7,100,907
Total loans, net of deferred loan fees and costs 7,753,683 7,116,676
30 to 59 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 29,898 34,438
60 to 89 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 12,090 5,205
90+ Days Still Accruing [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 2,174 18,199
Non- accrual [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 72,793 55,685
Total Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 116,955 113,527
Current [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 7,636,728 7,003,149
SBL Non-Real Estate [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 9,726 8,639
Total loans, gross 242,445 235,282
Total loans, net of deferred loan fees and costs 242,445 235,282
SBL Non-Real Estate [Member] | 30 to 59 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 1,227 1,515
SBL Non-Real Estate [Member] | 60 to 89 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 1,750 344
SBL Non-Real Estate [Member] | Non- accrual [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 9,726 8,639
SBL Non-Real Estate [Member] | Total Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 12,703 10,498
SBL Non-Real Estate [Member] | Current [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 229,742 224,784
SBL Commercial Mortgage [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 26,358 21,977
Total loans, gross 736,470 749,234
Total loans, net of deferred loan fees and costs 736,470 749,234
SBL Commercial Mortgage [Member] | 30 to 59 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 1,680 224
SBL Commercial Mortgage [Member] | Non- accrual [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 26,358 21,977
SBL Commercial Mortgage [Member] | Total Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 28,038 22,201
SBL Commercial Mortgage [Member] | Current [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 708,432 727,033
SBL Construction [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 2,660 2,660
Total loans, gross 19,945 22,382
Total loans, net of deferred loan fees and costs 19,945 22,382
SBL Construction [Member] | Non- accrual [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 2,660 2,660
SBL Construction [Member] | Total Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 2,660 2,660
SBL Construction [Member] | Current [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 17,285 19,722
Direct Lease Financing [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 10,743 12,066
Total loans, gross 678,740 685,422
Total loans, net of deferred loan fees and costs 678,740 685,422
Direct Lease Financing [Member] | 30 to 59 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 3,846 2,461
Direct Lease Financing [Member] | 60 to 89 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 1,115 894
Direct Lease Financing [Member] | 90+ Days Still Accruing [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 411 1,457
Direct Lease Financing [Member] | Non- accrual [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 10,743 12,066
Direct Lease Financing [Member] | Total Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 16,115 16,878
Direct Lease Financing [Member] | Current [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 662,625 668,544
SBLOC/IBLOC [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 1,708,709 1,669,985
Total loans, net of deferred loan fees and costs 1,708,709 1,669,985
SBLOC/IBLOC [Member] | 30 to 59 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 5,847 5,328
SBLOC/IBLOC [Member] | 60 to 89 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 6,011 65
SBLOC/IBLOC [Member] | 90+ Days Still Accruing [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross   251
SBLOC/IBLOC [Member] | Non- accrual [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 446 446
SBLOC/IBLOC [Member] | Total Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 12,304 6,090
SBLOC/IBLOC [Member] | Current [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 1,696,405 1,663,895
Advisor Financing [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 270,811 294,236
Total loans, net of deferred loan fees and costs 270,811 294,236
Advisor Financing [Member] | Current [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 270,811 294,236
Real Estate Bridge Lending [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 22,454 9,755
Total loans, gross 2,279,454 2,188,952
Total loans, net of deferred loan fees and costs 2,279,454 2,188,952
Real Estate Bridge Lending [Member] | 90+ Days Still Accruing [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross   14,459
Real Estate Bridge Lending [Member] | Non- accrual [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 22,454 9,755
Real Estate Bridge Lending [Member] | Total Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 22,454 24,214
Real Estate Bridge Lending [Member] | Current [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 2,257,000 2,164,738
Fintech [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 1,646,600 1,097,998
Total loans, net of deferred loan fees and costs 1,646,600 1,097,998
Fintech [Member] | 30 to 59 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 17,188 24,701
Fintech [Member] | 60 to 89 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 3,214 3,791
Fintech [Member] | 90+ Days Still Accruing [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 1,762 2,030
Fintech [Member] | Total Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 22,164 30,522
Fintech [Member] | Current [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 1,624,436 1,067,476
Other Loans II [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, net of deferred loan fees and costs 155,825 157,416
Other Loans II [Member] | 30 to 59 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 110 209
Other Loans II [Member] | 60 to 89 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross   111
Other Loans II [Member] | 90+ Days Still Accruing [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 1 2
Other Loans II [Member] | Non- accrual [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Non-accrual 406 142
Other Loans II [Member] | Total Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 517 464
Other Loans II [Member] | Current [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross 155,308 156,952
Unamortized Loan Fees And Costs [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, net of deferred loan fees and costs 14,684 15,769
Unamortized Loan Fees And Costs [Member] | Current [Member]    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Total loans, gross $ 14,684 $ 15,769
v3.26.1
Loans, Net (Summary Of Non-Accrual Loans With And Without Allowance For Credit Losses) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Financing Receivable, Nonaccrual [Line Items]    
Non-accrual loans with a related ACL $ 34,700 $ 21,407
Related ACL 5,504 6,217
Non-accrual loans without a related ACL 38,093 34,278
Total non-accrual loans 72,793 55,685
SBL Non-Real Estate [Member]    
Financing Receivable, Nonaccrual [Line Items]    
Non-accrual loans with a related ACL 6,432 5,361
Related ACL 1,132 963
Non-accrual loans without a related ACL 3,294 3,278
Total non-accrual loans 9,726 8,639
SBL Commercial Mortgage [Member]    
Financing Receivable, Nonaccrual [Line Items]    
Non-accrual loans with a related ACL 3,879 3,009
Related ACL 809 801
Non-accrual loans without a related ACL 22,479 18,968
Total non-accrual loans 26,358 21,977
SBL Construction [Member]    
Financing Receivable, Nonaccrual [Line Items]    
Non-accrual loans with a related ACL 710 710
Related ACL 37 35
Non-accrual loans without a related ACL 1,950 1,950
Total non-accrual loans 2,660 2,660
Direct Lease Financing [Member]    
Financing Receivable, Nonaccrual [Line Items]    
Non-accrual loans with a related ACL 10,533 11,881
Related ACL 2,523 4,211
Non-accrual loans without a related ACL 210 185
Total non-accrual loans 10,743 12,066
IBLOC [Member]    
Financing Receivable, Nonaccrual [Line Items]    
Non-accrual loans with a related ACL 446 446
Related ACL 207 207
Total non-accrual loans 446 446
Real Estate Bridge Lending [Member]    
Financing Receivable, Nonaccrual [Line Items]    
Non-accrual loans with a related ACL 12,700  
Related ACL 796  
Non-accrual loans without a related ACL 9,754 9,755
Total non-accrual loans 22,454 9,755
Other Loans [Member]    
Financing Receivable, Nonaccrual [Line Items]    
Non-accrual loans without a related ACL 406 142
Total non-accrual loans $ 406 $ 142
v3.26.1
Loans, Net (Modified and Related Information) (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
Payment Delay as a result of Payment Deferral [Member]  
Financing Receivable, Modifications [Line Items]  
Post-modification recorded investment $ 8,086
Payment Status [Member]  
Financing Receivable, Modifications [Line Items]  
Post-modification recorded investment $ 8,086
Percent of total loan category 0.13%
SBL Non-Real Estate [Member] | Payment Delay as a result of Payment Deferral [Member]  
Financing Receivable, Modifications [Line Items]  
Post-modification recorded investment $ 5,348
SBL Non-Real Estate [Member] | Payment Status [Member]  
Financing Receivable, Modifications [Line Items]  
Post-modification recorded investment $ 5,348
Percent of total loan category 2.79%
SBL Commercial Mortgage [Member] | Payment Delay as a result of Payment Deferral [Member]  
Financing Receivable, Modifications [Line Items]  
Post-modification recorded investment $ 2,738
SBL Commercial Mortgage [Member] | Payment Status [Member]  
Financing Receivable, Modifications [Line Items]  
Post-modification recorded investment $ 2,738
Percent of total loan category 0.40%
v3.26.1
Loans, Net (Analysis of Loans Modified) (Details) - Payment Status [Member]
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
Financing Receivable, Recorded Investment, Past Due [Line Items]  
Troubled debt restructured loans balance $ 8,086
Current [Member]  
Financing Receivable, Recorded Investment, Past Due [Line Items]  
Troubled debt restructured loans balance 8,086
SBL Non-Real Estate [Member]  
Financing Receivable, Recorded Investment, Past Due [Line Items]  
Troubled debt restructured loans balance 5,348
SBL Non-Real Estate [Member] | Current [Member]  
Financing Receivable, Recorded Investment, Past Due [Line Items]  
Troubled debt restructured loans balance 5,348
SBL Commercial Mortgage [Member]  
Financing Receivable, Recorded Investment, Past Due [Line Items]  
Troubled debt restructured loans balance 2,738
SBL Commercial Mortgage [Member] | Current [Member]  
Financing Receivable, Recorded Investment, Past Due [Line Items]  
Troubled debt restructured loans balance $ 2,738
v3.26.1
Loans, Net (Summary Of Financial Effect of Modifications) (Details)
 3 Months Ended
Mar. 31, 2025
SBL Non-Real Estate [Member]  
Financing Receivable, Modifications [Line Items]  
More-Than-Insignificant-Payment Delay 2.79%
SBL Commercial Mortgage [Member]  
Financing Receivable, Modifications [Line Items]  
More-Than-Insignificant-Payment Delay 0.40%
v3.26.1
Loans, Net (Summary Of Gross Loans Held For Investment By Year Of Origination And Internally Assigned Credit Grade) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year $ 529,756 $ 1,397,222
Fiscal Year Before Latest Fiscal Year 1,280,408 1,023,520
Two Years Before Latest Fiscal Year 976,123 640,013
Three Years Before Latest Fiscal Year 524,213 880,629
Four Years Before Latest Fiscal Year 809,027 285,149
Prior 436,459 248,929
Revolving loans at amortized cost 3,183,013 2,625,445
Total 7,738,999 7,100,907
Unamortized loan fees and costs 14,684 15,769
Total loans, net of deferred loan fees and costs 7,753,683 7,116,676
SBL Non-Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 13,153 70,191
Fiscal Year Before Latest Fiscal Year 71,206 51,516
Two Years Before Latest Fiscal Year 51,019 67,958
Three Years Before Latest Fiscal Year 66,309 23,553
Four Years Before Latest Fiscal Year 22,058 13,655
Prior 18,700 8,409
Total 242,445 235,282
Total loans, net of deferred loan fees and costs 242,445 235,282
SBL Commercial Mortgage [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 40,058 107,357
Fiscal Year Before Latest Fiscal Year 105,910 160,065
Two Years Before Latest Fiscal Year 144,569 95,377
Three Years Before Latest Fiscal Year 91,397 124,421
Four Years Before Latest Fiscal Year 110,647 82,408
Prior 243,889 179,606
Total 736,470 749,234
Total loans, net of deferred loan fees and costs 736,470 749,234
SBL Construction [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 1,101 4,769
Fiscal Year Before Latest Fiscal Year 7,234 10,449
Two Years Before Latest Fiscal Year 4,402 4,504
Three Years Before Latest Fiscal Year 4,548  
Four Years Before Latest Fiscal Year   1,950
Prior 2,660 710
Total 19,945 22,382
Total loans, net of deferred loan fees and costs 19,945 22,382
Direct Lease Financing [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 68,358 255,879
Fiscal Year Before Latest Fiscal Year 233,307 180,989
Two Years Before Latest Fiscal Year 163,439 130,049
Three Years Before Latest Fiscal Year 114,489 92,086
Four Years Before Latest Fiscal Year 79,077 22,083
Prior 20,070 4,336
Total 678,740 685,422
Total loans, net of deferred loan fees and costs 678,740 685,422
SBLOC/IBLOC [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Revolving loans at amortized cost 1,708,709 1,669,985
Total 1,708,709 1,669,985
Total loans, net of deferred loan fees and costs 1,708,709 1,669,985
Advisor Financing [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 3,769 68,249
Fiscal Year Before Latest Fiscal Year 66,640 69,705
Two Years Before Latest Fiscal Year 65,857 70,411
Three Years Before Latest Fiscal Year 59,120 49,176
Four Years Before Latest Fiscal Year 43,023 24,442
Prior 32,402 12,253
Total 270,811 294,236
Total loans, net of deferred loan fees and costs 270,811 294,236
Real Estate Bridge Lending [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 265,445 689,651
Fiscal Year Before Latest Fiscal Year 703,225 496,338
Two Years Before Latest Fiscal Year 492,381 271,554
Three Years Before Latest Fiscal Year 188,190 591,141
Four Years Before Latest Fiscal Year 553,971 140,268
Prior 76,242  
Total 2,279,454 2,188,952
Total loans, net of deferred loan fees and costs 2,279,454 2,188,952
Fintech [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 137,470 143,634
Fiscal Year Before Latest Fiscal Year 35,892  
Revolving loans at amortized cost 1,473,238 954,364
Total 1,646,600 1,097,998
Total loans, net of deferred loan fees and costs 1,646,600 1,097,998
Other Loans [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 402 57,492
Fiscal Year Before Latest Fiscal Year 56,994 54,458
Two Years Before Latest Fiscal Year 54,456 160
Three Years Before Latest Fiscal Year 160 252
Four Years Before Latest Fiscal Year 251 343
Prior 42,496 43,615
Revolving loans at amortized cost 1,066 1,096
Total 155,825 157,416
Non-Rated [Member] | Direct Lease Financing [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 1,744 1,777
Total 1,744 1,777
Non-Rated [Member] | SBLOC/IBLOC [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Revolving loans at amortized cost 7,650 6,882
Total 7,650 6,882
Non-Rated [Member] | Fintech [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 137,470 141,605
Fiscal Year Before Latest Fiscal Year 34,130  
Revolving loans at amortized cost 1,473,238 954,364
Total 1,644,838 1,095,969
Non-Rated [Member] | Other Loans [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 402 494
Prior 12,278 8,852
Total 12,680 9,346
Pass [Member] | SBL Non-Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 13,153 70,191
Fiscal Year Before Latest Fiscal Year 71,206 50,083
Two Years Before Latest Fiscal Year 48,894 60,331
Three Years Before Latest Fiscal Year 57,874 17,797
Four Years Before Latest Fiscal Year 15,801 12,295
Prior 16,853 6,765
Total 223,781 217,462
Pass [Member] | SBL Commercial Mortgage [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 40,058 107,357
Fiscal Year Before Latest Fiscal Year 105,910 156,610
Two Years Before Latest Fiscal Year 141,693 83,047
Three Years Before Latest Fiscal Year 77,866 105,359
Four Years Before Latest Fiscal Year 98,227 69,554
Prior 218,672 166,921
Total 682,426 688,848
Pass [Member] | SBL Construction [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 1,101 4,769
Fiscal Year Before Latest Fiscal Year 7,234 10,449
Two Years Before Latest Fiscal Year 4,402 4,504
Three Years Before Latest Fiscal Year 4,548  
Total 17,285 19,722
Pass [Member] | Direct Lease Financing [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 66,245 253,367
Fiscal Year Before Latest Fiscal Year 232,613 177,838
Two Years Before Latest Fiscal Year 160,305 121,969
Three Years Before Latest Fiscal Year 107,238 87,456
Four Years Before Latest Fiscal Year 74,922 20,241
Prior 18,566 4,269
Total 659,889 665,140
Pass [Member] | SBLOC/IBLOC [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Revolving loans at amortized cost 1,700,573 1,662,616
Total 1,700,573 1,662,616
Pass [Member] | Advisor Financing [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 3,769 68,249
Fiscal Year Before Latest Fiscal Year 66,640 69,705
Two Years Before Latest Fiscal Year 65,857 70,411
Three Years Before Latest Fiscal Year 59,120 48,197
Four Years Before Latest Fiscal Year 42,055 16,471
Prior 24,528 12,253
Total 261,969 285,286
Pass [Member] | Real Estate Bridge Lending [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 265,445 689,651
Fiscal Year Before Latest Fiscal Year 703,225 453,603
Two Years Before Latest Fiscal Year 468,624 271,554
Three Years Before Latest Fiscal Year 188,190 569,730
Four Years Before Latest Fiscal Year 528,394 120,938
Prior 66,488  
Total 2,220,366 2,105,476
Pass [Member] | Other Loans [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year   56,998
Fiscal Year Before Latest Fiscal Year 56,994 54,458
Two Years Before Latest Fiscal Year 54,456 160
Three Years Before Latest Fiscal Year 160 252
Four Years Before Latest Fiscal Year 251 343
Prior 29,812 34,621
Revolving loans at amortized cost 1,066 1,096
Total 142,739 147,928
Special Mention [Member] | SBL Non-Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Fiscal Year Before Latest Fiscal Year   262
Two Years Before Latest Fiscal Year 384 992
Three Years Before Latest Fiscal Year 1,976 1,480
Four Years Before Latest Fiscal Year 1,434  
Prior 42 71
Total 3,836 2,805
Special Mention [Member] | SBL Commercial Mortgage [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Fiscal Year Before Latest Fiscal Year   2,749
Two Years Before Latest Fiscal Year 496 2,708
Three Years Before Latest Fiscal Year 1,964 4,406
Four Years Before Latest Fiscal Year 4,383 4,275
Prior 11,443 7,459
Total 18,286 21,597
Special Mention [Member] | Direct Lease Financing [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year 369 719
Fiscal Year Before Latest Fiscal Year 669 410
Two Years Before Latest Fiscal Year 358 759
Three Years Before Latest Fiscal Year 757 295
Four Years Before Latest Fiscal Year 271 3
Prior 85  
Total 2,509 2,186
Special Mention [Member] | Advisor Financing [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Three Years Before Latest Fiscal Year   979
Four Years Before Latest Fiscal Year 968 7,971
Prior 7,874  
Total 8,842 8,950
Special Mention [Member] | Real Estate Bridge Lending [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Four Years Before Latest Fiscal Year   9,576
Total   9,576
Substandard [Member] | SBL Non-Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Fiscal Year Before Latest Fiscal Year   1,171
Two Years Before Latest Fiscal Year 1,741 6,635
Three Years Before Latest Fiscal Year 6,459 4,276
Four Years Before Latest Fiscal Year 4,823 1,360
Prior 1,805 1,573
Total 14,828 15,015
Substandard [Member] | SBL Commercial Mortgage [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Fiscal Year Before Latest Fiscal Year   706
Two Years Before Latest Fiscal Year 2,380 9,622
Three Years Before Latest Fiscal Year 11,567 14,656
Four Years Before Latest Fiscal Year 8,037 8,579
Prior 13,774 5,226
Total 35,758 38,789
Substandard [Member] | SBL Construction [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Four Years Before Latest Fiscal Year   1,950
Prior 2,660 710
Total 2,660 2,660
Substandard [Member] | Direct Lease Financing [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year   16
Fiscal Year Before Latest Fiscal Year 25 2,741
Two Years Before Latest Fiscal Year 2,776 7,321
Three Years Before Latest Fiscal Year 6,494 4,335
Four Years Before Latest Fiscal Year 3,884 1,839
Prior 1,419 67
Total 14,598 16,319
Substandard [Member] | SBLOC/IBLOC [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Revolving loans at amortized cost 486 487
Total 486 487
Substandard [Member] | Real Estate Bridge Lending [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Fiscal Year Before Latest Fiscal Year   42,735
Two Years Before Latest Fiscal Year 23,757  
Three Years Before Latest Fiscal Year   21,411
Four Years Before Latest Fiscal Year 25,577 9,754
Prior 9,754  
Total 59,088 73,900
Substandard [Member] | Fintech [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Current Fiscal Year   2,029
Fiscal Year Before Latest Fiscal Year 1,762  
Total 1,762 2,029
Substandard [Member] | Other Loans [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Prior 406 142
Total $ 406 $ 142
v3.26.1
Loans, Net (Changes In Allowance For Loan And Lease Losses By Loan Category) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Changes in allowance for loan and lease losses by loan category [Abstract]    
Loans and Leases Receivable, Allowance, Beginning Balance $ 66,200 $ 44,853
Charge-offs (52,734) (45,022)
Recoveries 22,056 5,924
Provision (reversal) 27,495 46,742
Loans and Leases Receivable, Allowance, Ending Balance 63,017 52,497
SBL Non-Real Estate [Member]    
Changes in allowance for loan and lease losses by loan category [Abstract]    
Loans and Leases Receivable, Allowance, Beginning Balance 6,337 4,972
Charge-offs (92) (62)
Recoveries 37 18
Provision (reversal) 310 34
Loans and Leases Receivable, Allowance, Ending Balance 6,592 4,962
SBL Commercial Mortgage [Member]    
Changes in allowance for loan and lease losses by loan category [Abstract]    
Loans and Leases Receivable, Allowance, Beginning Balance 3,118 3,203
Provision (reversal) (107) (536)
Loans and Leases Receivable, Allowance, Ending Balance 3,011 2,667
SBL Construction [Member]    
Changes in allowance for loan and lease losses by loan category [Abstract]    
Loans and Leases Receivable, Allowance, Beginning Balance 235 342
Provision (reversal) (24) 73
Loans and Leases Receivable, Allowance, Ending Balance 211 415
Direct Lease Financing [Member]    
Changes in allowance for loan and lease losses by loan category [Abstract]    
Loans and Leases Receivable, Allowance, Beginning Balance 15,675 13,125
Charge-offs (512) (736)
Recoveries 100 260
Provision (reversal) (2,121) 1,104
Loans and Leases Receivable, Allowance, Ending Balance 13,142 13,753
SBLOC/IBLOC [Member]    
Changes in allowance for loan and lease losses by loan category [Abstract]    
Loans and Leases Receivable, Allowance, Beginning Balance 1,041 1,195
Provision (reversal) 20 7
Loans and Leases Receivable, Allowance, Ending Balance 1,061 1,202
Advisor Financing [Member]    
Changes in allowance for loan and lease losses by loan category [Abstract]    
Loans and Leases Receivable, Allowance, Beginning Balance 2,207 2,054
Provision (reversal) (176) (60)
Loans and Leases Receivable, Allowance, Ending Balance 2,031 1,994
Real Estate Bridge Lending [Member]    
Changes in allowance for loan and lease losses by loan category [Abstract]    
Loans and Leases Receivable, Allowance, Beginning Balance 5,949 6,603
Provision (reversal) 781 270
Loans and Leases Receivable, Allowance, Ending Balance 6,730 6,873
Fintech [Member]    
Changes in allowance for loan and lease losses by loan category [Abstract]    
Loans and Leases Receivable, Allowance, Beginning Balance 31,137 12,909
Charge-offs (52,130) (44,224)
Recoveries 21,919 5,646
Provision (reversal) 28,843 45,868
Loans and Leases Receivable, Allowance, Ending Balance 29,769 20,199
Other Loans [Member]    
Changes in allowance for loan and lease losses by loan category [Abstract]    
Loans and Leases Receivable, Allowance, Beginning Balance 501 450
Provision (reversal) (31) (18)
Loans and Leases Receivable, Allowance, Ending Balance $ 470 $ 432
v3.26.1
Loans, Net (Gross Charge-Offs, By Year Of Origination) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Recorded Investment [Line Items]    
Financing Receivable, Year One, Originated, Current Fiscal Year, Current Period Charge-Offs $ (51)  
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Charge-Offs (9,214) $ (1,074)
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Charge-Offs   (75)
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Charge-Offs (286) (626)
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Charge-Offs (247) (91)
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Charge-Offs (71)  
Revolving loans at amortized cost, Current period charge-offs (42,865) (43,156)
Charge-offs (52,734) (45,022)
SBL Non-Real Estate [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Charge-Offs (92) (62)
Charge-offs (92) (62)
Direct Lease Financing [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Charge-Offs   (6)
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Charge-Offs   (75)
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Charge-Offs (194) (564)
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Charge-Offs (247) (91)
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Charge-Offs (71)  
Charge-offs (512) (736)
Fintech [Member]    
Financing Receivable, Recorded Investment [Line Items]    
Financing Receivable, Year One, Originated, Current Fiscal Year, Current Period Charge-Offs (51)  
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Charge-Offs (9,214) (1,068)
Revolving loans at amortized cost, Current period charge-offs (42,865) (43,156)
Charge-offs $ (52,130) $ (44,224)
v3.26.1
Loans, Net (Scheduled Undiscounted Cash Flows Of Direct Financing Leases) (Details)
$ in Thousands
Mar. 31, 2026
USD ($)
Loans, Net [Abstract]  
Remaining 2026 $ 258,482
2027 134,352
2028 85,732
2029 45,971
2030 15,980
2031 and thereafter 3,150
Total undiscounted cash flows 543,667
Residual value 221,893
Difference between undiscounted cash flows and discounted cash flows (86,820)
Present value of lease payments recorded as lease receivables 678,740
Direct residual value not guaranteed $ 42,900
v3.26.1
Debt (Narrative) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
Total loans, gross $ 7,738,999 $ 7,100,907
Investment securities pledged as collateral 251,700  
Investment at amortized cost pledged for long-term borrowings 13,600  
Short-term debt, maximum amount available 3,450,000  
Short-term borrowings 470,000 $ 199,000
Short-term debt, unused amount available 2,980,000  
Asset Pledged as Collateral without Right [Member]    
Debt Instrument [Line Items]    
Total loans, gross $ 4,750,000  
v3.26.1
Debt (Schedule Of Short-term Debt) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
Short-term borrowings $ 470,000 $ 199,000
Debt issuance costs (3,680) (3,747)
Senior debt, net 196,320 196,253
Subordinated debentures 13,401 13,401
Other long-term borrowings 13,626 13,712
Senior Notes Due 2030 [Member]    
Debt Instrument [Line Items]    
Senior debt, gross $ 200,000 $ 200,000
v3.26.1
Fair Value Measurements (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Collateral dependent loans $ 34.7  
Specific reserves and other write downs on impaired loans $ 5.5  
Minimum [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Estimated selling costs, percentage reduction 7.00%  
Maximum [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Estimated selling costs, percentage reduction 10.00%  
Fair Value, Measurements, Nonrecurring [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Collateral dependent loans $ 29.2 $ 15.2
Other real estate owned $ 61.0 $ 60.7
v3.26.1
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets measured at fair value on a recurring basis [Abstract]    
Total investment securities, available-for-sale $ 1,646,541 $ 1,671,750
Fair Value, Measurements, Recurring [Member]    
Assets measured at fair value on a recurring basis [Abstract]    
U.S. Government agency securities 23,001 25,109
Asset-backed securities 228,905 234,101
Obligations of states and political subdivisions 32,358 28,563
Residential mortgage-backed securities 450,017 464,323
Collateralized mortgage obligation securities 54,581 57,580
Commercial mortgage-backed securities 857,679 862,074
Total investment securities, available-for-sale 1,646,541 1,671,750
Commercial loans, at fair value 128,260 139,389
Credit enhancement asset 29,769 31,138
Total assets 1,804,570 1,842,277
Significant Other Observable Inputs (Level 2) [Member]    
Assets measured at fair value on a recurring basis [Abstract]    
Total investment securities, available-for-sale 1,646,541 1,671,750
Credit enhancement asset 29,769 31,138
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]    
Assets measured at fair value on a recurring basis [Abstract]    
U.S. Government agency securities 23,001 25,109
Asset-backed securities 228,905 234,101
Obligations of states and political subdivisions 32,358 28,563
Residential mortgage-backed securities 450,017 464,323
Collateralized mortgage obligation securities 54,581 57,580
Commercial mortgage-backed securities 857,679 862,074
Total investment securities, available-for-sale 1,646,541 1,671,750
Credit enhancement asset 29,769 31,138
Total assets 1,676,310 1,702,888
Significant Unobservable Inputs (Level 3) [Member]    
Assets measured at fair value on a recurring basis [Abstract]    
Commercial loans, at fair value 128,260 139,389
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member]    
Assets measured at fair value on a recurring basis [Abstract]    
Commercial loans, at fair value 128,260 139,389
Total assets $ 128,260 $ 139,389
v3.26.1
Fair Value Measurements (Changes In Company's Level 3 Assets) (Details) - Available-For-Sale Securities [Member] - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Changes in Company's Level 3 assets [Roll Forward]    
Beginning balance $ 139,389 $ 223,115
Total net (losses) or gains (realized/unrealized) Included in earnings 6 361
Purchases, advances, sales and settlements    
Advances   1,763
Settlements (11,135) (13,659)
Ending balance $ 128,260 $ 211,580
v3.26.1
Fair Value Measurements (Fair Value Inputs, Assets, Quantitative Information) (Details)
$ in Thousands
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Investment securities available-for-sale $ 1,646,541 $ 1,671,750
Significant Unobservable Inputs (Level 3) [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Commercial loans held for sale $ 128,260 $ 139,389
Significant Unobservable Inputs (Level 3) [Member] | Commercial - SBA [Member] | Measurement Input, Discount Rate [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Commercial loans held for sale, measurement input 5.67 5.73
Significant Unobservable Inputs (Level 3) [Member] | Commercial - SBA [Member] | Weighted Average [Member] | Measurement Input, Discount Rate [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Commercial loans held for sale, measurement input 5.67 5.73
Significant Unobservable Inputs (Level 3) [Member] | Non-SBA CRE - Fixed [Member] | Minimum [Member] | Measurement Input, Discount Rate [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Commercial loans held for sale, measurement input 6.80 6.50
Significant Unobservable Inputs (Level 3) [Member] | Non-SBA CRE - Fixed [Member] | Maximum [Member] | Measurement Input, Discount Rate [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Commercial loans held for sale, measurement input 8.70 8.98
Significant Unobservable Inputs (Level 3) [Member] | Non-SBA CRE - Fixed [Member] | Weighted Average [Member] | Measurement Input, Discount Rate [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Commercial loans held for sale, measurement input 7.19 6.94
v3.26.1
Fair Value Measurements (Carrying Amount And Estimated Fair Value Of Assets And Liabilities) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Carrying amount and estimated fair value of assets and liabilities [Abstract]    
Investment securities available-for-sale $ 1,646,541 $ 1,671,750
Other long-term borrowings 13,626 13,712
Significant Other Observable Inputs (Level 2) [Member]    
Carrying amount and estimated fair value of assets and liabilities [Abstract]    
Investment securities available-for-sale 1,646,541 1,671,750
Accrued interest receivable 41,315 43,090
Credit enhancement asset 29,769 31,138
Demand and interest checking 8,281,037 7,827,037
Savings and money market 148,988 338,459
Short-term borrowings 470,000 199,000
Senior debt 204,160 202,503
Other long-term borrowings 13,626 13,712
Accrued interest payable 1,803 6,802
Significant Unobservable Inputs (Level 3) [Member]    
Carrying amount and estimated fair value of assets and liabilities [Abstract]    
Commercial loans, at fair value 128,260 139,389
Loans, net of deferred loan fees and costs 7,722,550 7,073,348
FRB, FHLB and ACBB stock 37,785 25,205
Subordinated debentures 10,854 11,220
Carrying Amount [Member]    
Carrying amount and estimated fair value of assets and liabilities [Abstract]    
Investment securities available-for-sale 1,646,541 1,671,750
Commercial loans, at fair value 128,260 139,389
Loans, net of deferred loan fees and costs 7,753,683 7,116,676
FRB, FHLB and ACBB stock 37,785 25,205
Accrued interest receivable 41,315 43,090
Credit enhancement asset 29,769 31,138
Demand and interest checking 8,281,037 7,827,037
Savings and money market 148,988 338,459
Short-term borrowings 470,000 199,000
Senior debt 196,320 196,253
Subordinated debentures 13,401 13,401
Other long-term borrowings 13,626 13,712
Accrued interest payable 1,803 6,802
Estimated Fair Value [Member]    
Carrying amount and estimated fair value of assets and liabilities [Abstract]    
Investment securities available-for-sale 1,646,541 1,671,750
Commercial loans, at fair value 128,260 139,389
Loans, net of deferred loan fees and costs 7,722,550 7,073,348
FRB, FHLB and ACBB stock 37,785 25,205
Accrued interest receivable 41,315 43,090
Credit enhancement asset 29,769 31,138
Demand and interest checking 8,281,037 7,827,037
Savings and money market 148,988 338,459
Short-term borrowings 470,000 199,000
Senior debt 204,160 202,503
Subordinated debentures 10,854 11,220
Other long-term borrowings 13,626 13,712
Accrued interest payable $ 1,803 $ 6,802
v3.26.1
Shareholders' Equity (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Jul. 07, 2025
Jun. 30, 2025
Equity, Class of Treasury Stock [Line Items]          
Share Repurchase Program, Authorized, Amount $ 37.5 $ 37.5 $ 37.5   $ 37.5
Common Stock Repurchase Program Increased Amount, 2025 [Member]          
Equity, Class of Treasury Stock [Line Items]          
Share Repurchase Program, Authorized, Amount     300.0    
Average cost of repurchased stock (in dollars per share)   $ 54.79      
Common Stock Repurchase Program, 2026 [Member]          
Equity, Class of Treasury Stock [Line Items]          
Share Repurchase Program, Authorized, Amount       $ 200.0  
Average cost of repurchased stock (in dollars per share) $ 59.31        
Common Stock [Member] | Common Stock Repurchase Program Increased Amount, 2025 [Member]          
Equity, Class of Treasury Stock [Line Items]          
Share repurchased during period, shares   684,445      
Common Stock [Member] | Common Stock Repurchase Program, 2025 [Member]          
Equity, Class of Treasury Stock [Line Items]          
Share repurchased during period, shares   684,445      
Common Stock [Member] | Common Stock Repurchase Program, 2026 [Member]          
Equity, Class of Treasury Stock [Line Items]          
Share repurchased during period, shares 843,061        
Maximum [Member] | Common Stock Repurchase Program, 2025 [Member]          
Equity, Class of Treasury Stock [Line Items]          
Share Repurchase Program, Authorized, Amount     $ 150.0    
Restricted Stock Units (RSUs) [Member]          
Equity, Class of Treasury Stock [Line Items]          
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross 388,821        
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period 3 years        
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value $ 62.05        
v3.26.1
Regulatory Matters (Schedule Of Regulatory Capital Amounts) (Details)
Mar. 31, 2026
Dec. 31, 2025
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]    
Tier 1 capital to average assets ratio "Well capitalized" institution (under FDIC regulations-Basel III) 0.0500 0.0500
Tier 1 capital to risk-weighted assets ratio "Well capitalized" institution (under FDIC regulations-Basel III) 0.0800 0.0800
Total capital to risk-weighted assets ratio "Well capitalized" institution (under federal regulations-Basel III) 0.1000 0.1000
Common equity tier 1 to risk weighted assets "Well capitalized" institution (under federal regulations-Basel III) 0.0650 0.0650
The Bancorp, Inc. [Member]    
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]    
Tier 1 capital to average assets ratio 0.0730 0.0764
Tier 1 capital to risk-weighted assets ratio 0.1121 0.1108
Total capital to risk-weighted assets ratio 0.1226 0.1219
Common equity tier 1 to risk weighted assets 0.1121 0.1108
The Bancorp Bank, National Association [Member]    
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]    
Tier 1 capital to average assets ratio 0.0918 0.0970
Tier 1 capital to risk-weighted assets ratio 0.1406 0.1403
Total capital to risk-weighted assets ratio 0.1510 0.1513
Common equity tier 1 to risk weighted assets 0.1406 0.1403
v3.26.1
Commitments And Contingencies (Narrative) (Details) - USD ($)
$ in Thousands
Feb. 02, 2026
Jan. 13, 2025
Nov. 25, 2024
The Oxygen Matter [Member]      
Loss Contingencies [Line Items]      
Loss Contingency, Damages Sought, Value     $ 1,808
Counterclaim, conversion amount   $ 1,200  
Minimum [Member] | The Oxygen Matter [Member] | Oxygen, Inc [Member]      
Loss Contingencies [Line Items]      
Loss Contingency, Damages Sought, Value   $ 40,000  
Minimum [Member] | The Ingenium Matter [Member]      
Loss Contingencies [Line Items]      
Loss Contingency, Damages Sought, Value $ 10,000    
v3.26.1
Segment Financials (Narrative) (Details)
 3 Months Ended
Mar. 31, 2026
Segment Financials [Abstract]  
Number Of Reportable Segments Not Disclosed Flag segment
v3.26.1
Segment Financials (Schedule Of Segment Financials) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Segment Reporting Information [Line Items]      
Interest income $ 129,791 $ 139,802  
Interest expense 40,977 48,059  
Net interest income 88,814 91,743  
Provision for credit losses 27,601 46,853  
Non-interest income 72,525 83,642  
Salaries and employee benefits 37,477 33,669  
Data processing expense 1,309 1,205  
Software 5,369 5,013  
Other 10,871 13,407  
Income before non-interest expense allocations 78,712 75,238  
Income before income tax 78,712 75,238  
Income tax expense 18,643 18,065  
Net income 60,069 57,173  
Total assets 9,898,764   $ 9,352,425
Total liabilities 9,201,814   8,662,629
Fintech loan credit enhancement income 28,843 45,868  
Non-interest income, fintech fees 38,100 34,400  
Fintech [Member]      
Segment Reporting Information [Line Items]      
Interest income 1,826 240  
Interest allocation 56,959 73,380  
Interest expense 31,865 42,743  
Net interest income 26,920 30,877  
Provision for credit losses 28,843 45,868  
Non-interest income 68,431 80,342  
Salaries and employee benefits 4,749 4,329  
Data processing expense 381 287  
Software 243 159  
Other 2,686 2,611  
Income before non-interest expense allocations 58,449 57,965  
Risk, financial crimes, and compliance 7,811 7,040  
Information technology and operations 3,803 3,506  
Other allocated expenses 4,123 4,086  
Total non-interest expense allocations 15,737 14,632  
Income before income tax 42,712 43,333  
Income tax expense 10,116 10,404  
Net income 32,596 32,929  
Total assets 1,717,501   1,177,306
Total liabilities 8,181,278   7,377,441
REBL [Member]      
Segment Reporting Information [Line Items]      
Interest income 44,707 47,870  
Interest allocation (21,663) (24,369)  
Net interest income 23,044 23,501  
Provision for credit losses 847 307  
Non-interest income 1,167 520  
Salaries and employee benefits 1,124 1,214  
Data processing expense 44 36  
Software 28 26  
Other 1,235 1,560  
Income before non-interest expense allocations 20,933 20,878  
Risk, financial crimes, and compliance 707 576  
Information technology and operations 256 190  
Other allocated expenses 895 825  
Total non-interest expense allocations 1,858 1,591  
Income before income tax 19,075 19,287  
Income tax expense 4,518 4,631  
Net income 14,557 14,656  
Total assets 2,443,341   2,362,489
Total liabilities 1,321   1,817
Institutional Banking [Member]      
Segment Reporting Information [Line Items]      
Interest income 27,844 28,012  
Interest allocation (15,635) (16,736)  
Interest expense 1,506 1,643  
Net interest income 10,703 9,633  
Provision for credit losses (160) (68)  
Non-interest income 318 275  
Salaries and employee benefits 1,040 2,800  
Data processing expense 580 493  
Software 624 766  
Other 276 319  
Income before non-interest expense allocations 8,661 5,598  
Risk, financial crimes, and compliance 940 788  
Information technology and operations 1,213 1,516  
Other allocated expenses 1,484 1,689  
Total non-interest expense allocations 3,637 3,993  
Income before income tax 5,024 1,605  
Income tax expense 1,190 385  
Net income 3,834 1,220  
Total assets 1,996,056   1,981,479
Total liabilities 276,205   269,743
Commercial [Member]      
Segment Reporting Information [Line Items]      
Interest income 32,378 31,907  
Interest allocation (15,993) (17,716)  
Interest expense 10 10  
Net interest income 16,375 14,181  
Provision for credit losses (1,897) 764  
Non-interest income 2,586 2,342  
Salaries and employee benefits 5,021 5,290  
Data processing expense 1 3  
Software 508 474  
Other 2,040 2,117  
Income before non-interest expense allocations 13,288 7,875  
Risk, financial crimes, and compliance 1,531 1,297  
Information technology and operations 2,302 2,011  
Other allocated expenses 2,066 1,926  
Total non-interest expense allocations 5,899 5,234  
Income before income tax 7,389 2,641  
Income tax expense 1,750 634  
Net income 5,639 2,007  
Total assets 1,748,596   1,762,882
Total liabilities 5,587   5,591
Corporate [Member]      
Segment Reporting Information [Line Items]      
Interest income 23,036 31,773  
Interest allocation (3,668) (14,559)  
Interest expense 7,596 3,663  
Net interest income 11,772 13,551  
Provision for credit losses (32) (18)  
Non-interest income 23 163  
Salaries and employee benefits 25,543 20,036  
Data processing expense 303 386  
Software 3,966 3,588  
Other 4,634 6,800  
Income before non-interest expense allocations (22,619) (17,078)  
Risk, financial crimes, and compliance (10,989) (9,701)  
Information technology and operations (7,574) (7,223)  
Other allocated expenses (8,568) (8,526)  
Total non-interest expense allocations (27,131) (25,450)  
Income before income tax 4,512 8,372  
Income tax expense 1,069 2,011  
Net income 3,443 $ 6,361  
Total assets 1,993,270   2,068,269
Total liabilities $ 737,423   $ 1,008,037
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
Insider Trading Arrangements [Line Items]  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false