The Bancorp Bank, a wholly owned subsidiary of The Bancorp Inc. (NASDAQ: TBBK), is pleased to announce it has been listed as one of the 50 best-performing community banks with assets between $3B and $10B. Based on its 2021 performance, the Bank earned the ranking of 31. The annual list, released by S&P Global Market Intelligence, ranks institutions based on returns, growth, and efficiency, but places a premium on the strength and risk profile of balance sheets.
âWe are proud of The Bancorpâs performance throughout 2021 amid economic uncertainty, and now, we continue to build for the future to generate growth in our guidance for 2022,â said Damian Kozlowski, Chief Executive Officer and President of The Bancorp. âThrough our business lines, the Bank remains focused on driving innovation in the financial industry and providing best-in-class service to our partners. This recognition reinforces that our commitment to excellence is paying off.â
To compile this ranking, S&P Global Market Intelligence calculated scores for each company based on six metrics: pretax return on tangible common equity; efficiency ratio; operating revenue growth; net charge-offs to average loans and leases net of Paycheck Protection Program (PPP) loans ratio; nonperforming assets and loans 90 days or more past due as a percentage of total assets, net of PPP loans; and leverage ratio.
To learn more about The Bancorp and its services, please visit https://thebancorp.com/.
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