The Bancorp Inc 2025年度报告

FORM 10-K_______________ (Mark One)ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ______ to ______Commission File Number 000-51018 The Bancorp, Inc.(Exact name of registrant as specified in its charter) Delaware(State or other jurisdiction ofincorporation or organization) 409 Silverside Road, Wilmington, DE19809(Address of principal executive offices)(Zip Code) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YesNo 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No 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No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth 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 filerAccelerated filerSmaller reporting companyEmerging growth company Non-accelerated filer 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. 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.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 the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). 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, 2025of $56.97 was approximately $2.52billion. As of February 23, 2026, 42,193,830 shares of common stock, par value $1.00 per share, of the registrant were outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the proxy statement for registrant’s 2026 Annual Meeting of Stockholders are incorporated by reference in Part III of this Form 10-K. THE BANCORP, INC.INDEX TO ANNUAL REPORTON FORM 10-K PagePART IForward-looking statements3Item1:Business5Item1A:Risk Factors21Item 1B:Unresolved Staff Comments37Item 1C:Cybersecurity37Item 2:Properties39Item 3:Legal Proceedings39Item 4:Mine Safety Disclosures39PART IIItem 5:Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities40Item 6:Reserved42Item 7:Management’s Discussion and Analysis of Financial Condition and Results of Operations43Item 7A:Quantitative and Qualitative Disclosures About Market Risk67Item 8:Financial Statements and Supplementary Data68Item 9:Changes in and Disagreements with Accountants on Accounting and Financial Disclosure119Item 9A:Controls and Procedures119Item 9B:Other Information122Item 9C:Disclosure Regarding Foreign Jurisdictions that Prevent Inspections122PART IIIItem 10:Directors, Executive Officers and Corporate Governance122Item 11:Executive Compensation122Item 12:Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters122Item 13:Certain Relationships and Related Transactions, and Director Independence122Item 14:Principal Accountant Fees and Services122PARTIVItem 15:Exhibit and Financial Statement Schedules123Item 16:Form 10-K Summary126Signatures127 FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains “forward-looking statements” within the meaning of the Private Securities LitigationReform Act of 1995. Words such as “anticipates,” “estimates,” “expects,” “projects,” “intends,” “plans,”