The Bancorp(TBBK) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Wilmington, DE – July 25, 2024 – The Bancorp, Inc. ("The Bancorp" "the Company" or "we" or "our") (NASDAQ: TBBK), a financial holding company, today reported financial results for the second quarter of 2024. One of the accounting estimates as described in the notes to our financial statements, is the allowance for credit losses ("ACL"), which is sensitive to a variety of inherent portfolio and external factors. REBL may be one of the more sensitive portfolios to such factors. In the second quar ...