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Exhibit 99.1 The Bancorp , Inc. Reports Second Quarter 2021 Financial Results Wilmington , DE - July 29 , 2021 - The Bancorp , Inc. ( " The Bancorp " ) ( NASDAQ : TBBK ) , a financial holding company , today reported financial results for the second quarter of 2021 . Highlights • For the quarter ended June 30 , 2021 , The Bancorp earned net income of $ 29.2 million from continuing operations , and $ 0.50 diluted earnings per share from combined continuing and discontinued operations . • • • • • • • Return on assets and equity for the quarter ended June 30 , 2021 amounted to 1.7 % and 19 % , respectively , compared to 1.3 % and 16 % , respectively , for the quarter ended June 30 , 2020 ( all percentages " annualized . " ) Net interest margin amounted to 3.19 % for the quarter ended June 30 , 2021 , compared to 3.53 % for the quarter ended June 30 , 2020 and 3.34 % for the quarter ended March 31 , 2021 . Net interest income increased 8 % to $ 54.1 million for the quarter ended June 30 , 2021 , compared to $ 50.2 million for the quarter ended June 30 , 2020 . Average loans and leases , including loans at fair value , increased 16 % to $ 4.58 billion for the quarter ended June 30 , 2021 , compared to $ 3.93 billion for the quarter ended June 30 , 2020 . Prepaid , debit card and other payment related fees increased 5 % to $ 21.4 million for the quarter ended June 30 , 2021 , compared to $ 20.4 million for the quarter ended June 30 , 2020 . Gross dollar volume ( GDV ) , representing the total amounts spent on prepaid and debit cards , increased 15 % for the quarter ended June 30 , 2021 compared to the quarter ended June 30 , 2020 . SBLOC ( securities backed lines of credit ) , IBLOC ( insurance backed lines of credit ) and advisor financing loans collectively increased 38 % year over year and 7 % quarter over quarter to $ 1.80 billion at June 30 , 2021 . Small Business Loans , including those held at fair value , increased 15 % year over year to $ 689.5 million at June 30 , 2021. That growth is exclusive of Paycheck Protection Program ( PPP ) loan balances of $ 129.4 million and $ 207.9 million , respectively , at June 30 , 2021 and June 30 , 2020 . • Direct lease financing balances increased 20 % year over year to $ 506.4 million at June 30 , 2021 . • • • • The average interest rate on $ 6.38 billion of average deposits and interest - bearing liabilities during the second quarter of 2021 was 0.18 % . Average deposits of $ 6.26 billion for the second quarter 2021 , reflected an increase of 17 % over the $ 5.37 billion in average deposits for the quarter ended June 30 , 2020 . Of the $ 48 million of loan balances with Covid related payment deferrals at March 31 , 2021 , only borrowers representing $ 2.6 million of balances had not made their payments due on July 5 , 2021 , with an additional $ 968,000 remaining in deferral as of that date . Those amounts represent .08 % of total loans at June 30 , 2021 compared to 1.0 % at March 31 , 2021 . Consolidated and The Bancorp Bank ( " the Bank ” ) leverage ratios were 8.52 % and 8.73 % , respectively , at June 30 , 2021. The Bancorp and its subsidiary , The Bank , remain well capitalized . Book value per common share at June 30 , 2021 was $ 10.77 per share compared to $ 9.28 per share at June 30 , 2020 , an increase of 16 % , primarily as a result of retained earnings per share . 1