The Bancorp Inc 2024年度报告

(Mark One)xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2024OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ______ to ______ Commission File Number000-51018 The Bancorp, Inc.(Exact name of registrant as specified in its charter) Delaware(State or other jurisdiction ofincorporation or organization) Registrant’s telephone number, including area code: (302)385-5000 Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, par value $1.00 per shareTBBKNasdaqGlobal Select Securities registered pursuant to Section12(g) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yesx No o Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes x Noo Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes x NooIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filerxAccelerated fileroSmaller reporting companyoEmerging growth companyo Non-accelerated filero If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.x If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes o No x The aggregate market value of the common shares of the registrant held by non-affiliates of the registrant, based upon the closing price of such shares on June30, 2024of $37.76 was approximately $1.78billion. As of February 24, 2025,48,067,178shares of common stock, par value $1.00 per share, of the registrant were outstanding. Portions of the proxy statement for registrant’s 2025 Annual Meeting of Shareholders are incorporated by reference in Part III of this Form 10-K. THE BANCORP, INC.INDEX TO ANNUAL REPORTON FORM 10-K PART I Forward-looking statements Item1:BusinessItem1A:Risk FactorsItem 1B:Unresolved Staff CommentsItem 1C:CybersecurityItem 2:PropertiesItem 3:Legal ProceedingsItem 4:Mine Safety DisclosuresPART II Item 5:Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities43Item 6:Reserved47Item 7:Management’s Discussion and Analysis of Financial Condition and Results of Operations47Item 7A:Quantitative and Qualitative Disclosures About Market Risk84Item 8:Financial Statements and Supplementary Data85Item 9:Changes in and Disagreements with Accountants on Accounting and Financial Disclosure142Item 9A:Controls and Procedures142Item 9B:Other Information145Item 9C:Disclosure Regarding Foreign Jurisdictions that Prevent Inspections145PART III Item 10: Directors, Executive Officers and Corporate GovernanceItem 11:Executive CompensationItem 12:Security Ownership of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13:Certain Relationships and Related Transactions, and Director IndependenceItem 14:Principal Accountant Fees and ServicesPARTIV Item 15: Exhibit and Financial Statement Schedules146Item 16:Form 10-K Summary149Signatures150 FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains “forward-looking statements” within the meaning of the Private SecuritiesLitigation Reform Act of 1995. Words such as “anticipates,” “estimates,” “expects,” “projects,” “intends,”