Slide 1: NASDAQ: TBBK May 2010
Exhibit 99.1 NASDAQ: TBBK May 2010
Slide 2: Forward Looking Statements
Forward Looking Statements Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this presentation regarding The Bancorp, Inc.’s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. These statements m
Slide 3: TBBK - Planning for Safety, Soundness and Growth
TBBK - Planning for Safety, Soundness and Growth 4 Capital: capacity to grow and safety net for economic conditions 4 Strong Senior Management: knowledgeable and experienced 4 Disciplined Growth: driven by TBBK’s business strategy 4 Assets: simple and local 4 Deposits: low cost and scalable 2
Slide 4: Capital Ratios and Selected Financial Data
Capital Ratios and Selected Financial Data As of or for the As of or for the three months ended three months ended March 31, 2010 December 31, 2009 Selected Capital and Asset Quality Ratios: Equity/assets (1) 9.66% 12.00% Tier I capital to average assets (1) 8.64% 12.68% Tier 1 capital to total risk
Slide 5: Strong Senior Management Team with a Wealth of Experience
Strong Senior Management Team with a Wealth of Experience 4 Highly experienced senior management team with an aggregate of over 140 years of experience providing middle market banking services – Management has a significant history together as most are former executives of a prior bank which was sol
Slide 6: Business Model: A Distinct Business Strategy
Business Model: A Distinct Business Strategy 4 A commercial bank founded in 2000 headquartered in Wilmington, Delaware with approximately $2.1 billion in assets, $1.5 billion in outstanding loan balances and $1.9 billion of deposits 4 Employs a primarily branchless deposit strategy that delivers a f
Slide 7: Core Operating Earnings
Core Operating Earnings March 31, March 31, 2010 2009 Net income (loss) available to common shareholders $ (4,056) $ 363 Add (deduct): Preferred stock dividend and accretion 6,242 847 Income tax expense 1,233 781 Provision for loan and lease losses 4,148 3,000 Loss on other real estate owned - - Sub
Slide 8: Well-Positioned in Attractive, Stable Markets
Well-Positioned in Attractive, Stable Markets 4 Target market for commercial lending is the greater Philadelphia-Wilmington metropolitan area – Consists of the 12 counties surrounding Philadelphia and Wilmington including Philadelphia, Delaware, Chester, Montgomery, Bucks and Lehigh Counties in Penn
Slide 9: Asset-Generating Strategies: Business-Line Overview
Asset-Generating Strategies: Business-Line Overview As with funding, The Bancorp employs a multi-channel growth strategy for loan origination, with the primary driver being its regional commercial banking operations 4 Community Bank 4 Offers traditional community banking products and services March
Slide 10: Historical Loan Portfolio Overview
Historical Loan Portfolio Overview Robust growth through strong community relationships, while maintaining conservative underwriting standards (dollars in thousands) Year ended December 31, March 31, Category 2005 2006 2007 2008 2009 2010 Commercial $119,654 $199,397 $325,166 $353,219 $402,232 $413,
Slide 11: Asset Quality Overview
Asset Quality Overview Non-Performing Loans / Total Loans (3) Reserves / Loans 2.4x Reserves / Nonaccrual and Restructured Loans (1) Regional peers include publicly-traded Mid-Atlantic commercial banks with assets between $1 billion and $4 billion (2) Ratio was not meaningful for The Bancorp prior t
Slide 12: Current Loan Portfolio & Asset Quality Overview at 3/31/2010
Current Loan Portfolio & Asset Quality Overview at 3/31/2010 (dollars in thousands) Category Balance Total Loans Loans Total Loans OREO Delinquent Delinquent Commercial $ 413,361 27% $3,731 0.24% - $3,850 $0 Commercial Mortgage 557,713 36% 4,977 0.33% - 7,337 714 Construction 206,275 14% 4,521 0.30%
Slide 13: Track Record of Significant Growth Since Inception
Track Record of Significant Growth Since Inception Since 2000, The Bancorp has grown total assets at a compound annual growth rate of over 40% (dollars in thousands) 12
Slide 14: Deposit-Generating Strategies: Business-Line Overview
Deposit-Generating Strategies: Business-Line Overview The Bancorp employs a multi-channel growth strategy in gathering attractively-priced, long-duration deposits on a national scale 4 “Private-Label” Banking – Provider of private label banking services for non-bank financial service providers – Ope
Slide 15: Growth Engine: Strong Growth in Deposit Business Lines at Low Cost
Growth Engine: Strong Growth in Deposit Business Lines at Low Cost The Bancorp has leveraged its private label relationships to grow core deposits meaningfully in recent periods, and expects that business to continue its growth through increased market penetration March 31, 2008 March 31, 2010 Total
Slide 16: Growth Engine: Strong Growth in Deposit Business Lines at Low Cost
Growth Engine: Strong Growth in Deposit Business Lines at Low Cost Significant growth in stored value, health care and other deposit business lines support significantly lower average cost of deposits March 31, 2008 March 31, 2010 Category Balance Avg. Cost Category Balance Avg. Cost Community Bank
Slide 17: Deposit-Generating Strategies: Attractive in Cost and Duration
Deposit-Generating Strategies: Attractive in Cost and Duration The Bancorp has long term (in many cases exclusive) agreements in place with its private label banking partners. 90% of agreements contain provisions to automatically renew at maturity Private Label by Remaining Contractual Term 16
Slide 18: Deposit-Generating Strategies: Growing Market Share in Expanding Markets
Deposit-Generating Strategies: Growing Market Share in Expanding Markets Healthcare Affinity Relationships Prepaid Card Affinity Relationships 4 We are currently the 6th largest financial institution in this 4 Market leader in a rapidly growing market for open loop space (1) prepaid debit cards 4 We
Slide 19: Deposit-Generating Strategies: Growing Market Share in Expanding Markets
Deposit-Generating Strategies: Growing Market Share in Expanding Markets Private Client Affinity Relationships Merchant Processing Relationships Private label deposit and lending services to wealth management platforms and firms - including limited purpose • Top 20 Acquiring Bank for Credit and Debi
Slide 20: Disciplined Acquisitions: Diverse, but complementary to augment organic growth
Disciplined Acquisitions: Diverse, but complementary to augment organic growth Deal Overview: Target: Mears Motor Livery Corp Seller: Investor Group Deal Type: Specialty Finance Company Announced Deal Value ($MM): $ 5.0 Status: Completed Completion Date: 1/3/2005 Deal Summary: Wilmington, DE-based B
Slide 21: Investment Considerations
Investment Considerations 4 20-30 year management experience through all economic cycles 4 Emphasis on high quality growth with opportunities in multiple business lines 4 Avoids brick and mortar cost as a basic premise of its branchless banking strategy 4 Infrastructure investment from relationships