RatingAug 3, 2026, 04:38 PM
Bancorp Ratings Affirmed by KBRA with Stable Outlook
AI Summary
The Bancorp, Inc. announced that Kroll Bond Rating Agency, LLC (KBRA) affirmed its long- and short-term credit ratings for both the company and its wholly-owned subsidiary, The Bancorp Bank, N.A. The Bancorp, Inc. received a BBB+ for senior unsecured debt, BBB for subordinated debt, and K2 for short-term debt. The Bancorp Bank, N.A. received A- for deposit and senior unsecured debt, BBB+ for subordinated debt, and K2 for short-term deposit and debt, with a stable outlook for long-term ratings. KBRA highlighted the company's industry leadership, strong revenue and earnings performance, and effective funding and partnership management.
Key Highlights
- KBRA affirmed The Bancorp, Inc.'s senior unsecured debt rating at BBB+.
- KBRA affirmed The Bancorp, Inc.'s subordinated debt rating at BBB and short-term debt at K2.
- KBRA affirmed The Bancorp Bank, N.A.'s deposit and senior unsecured debt ratings at A-.
- KBRA affirmed The Bancorp Bank, N.A.'s subordinated debt rating at BBB+ and short-term ratings at K2.
- The outlook for all long-term ratings is Stable.
- KBRA cited The Bancorp's leadership in banking-as-a-service, especially in prepaid and debit cards.
- Non-interest income increased 16% year-over-year in H1 2026, excluding fintech loan credit enhancement.
- Return on average assets has been at or above 2.5% since 2023.
Price Impact
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