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Exhibit 99.1 The Bancorp , Inc. Reports Third Quarter 2021 Financial Results Wilmington , DE - October 28 , 2021 - The Bancorp , Inc. ( " The Bancorp " ) ( NASDAQ : TBBK ) , a financial holding company , today reported financial results for the third quarter of 2021 . Highlights • For the quarter ended September 30 , 2021 , The Bancorp earned net income of $ 28.3 million , or $ 0.48 diluted earnings per share . • Return on assets and equity for the quarter ended September 30 , 2021 amounted to 1.8 % and 18 % , respectively , compared to 1.5 % and 17 % , respectively , for the quarter ended September 30 , 2020 ( all percentages " annualized . " ) • • • • • • • • • Net interest margin amounted to 3.35 % for the quarter ended September 30 , 2021 , compared to 3.37 % for the quarter ended September 30 , 2020 and 3.19 % for the quarter ended June 30 , 2021 . Net interest income was $ 50.9 million for the quarter ended September 30 , 2021 compared to $ 50.0 million for the quarter ended September 30 , 2020. In third quarter 2021 , growth in net interest income was significantly offset by the $ 1.9 million impact of loan prepayments on commercial real estate loan interest . However , net realized and unrealized gains on commercial loans increased $ 3.6 million in third quarter 2021 compared to third quarter 2020 , which resulted primarily from fees related to those prepayments . In the third quarter of 2021 , we recommenced the origination of such loans , identified as real estate bridge loans , which are intended to offset the impact of prepayments and payoffs . Average loans and leases , including loans at fair value , increased 9 % to $ 4.58 billion for the quarter ended September 30 , 2021 , compared to $ 4.21 billion for the quarter ended September 30 , 2020 . Gross dollar volume ( " GDV " ) , representing the total amounts spent on prepaid and debit cards , increased $ 428.7 million , or 2 % , to $ 24.4 billion for the quarter ended September 30 , 2021 compared to the quarter ended September 30 , 2020. GDV for the 2020 quarter included the impact of significant government stimulus resulting from the Covid - 19 pandemic . SBLOC ( securities backed lines of credit ) , IBLOC ( insurance backed lines of credit ) and investment advisor financing loans collectively increased 32 % year over year and 6 % quarter over quarter to $ 1.92 billion at September 30 , 2021 . Small Business Loans , including those held at fair value , grew 12 % year over year to $ 709.5 million at September 30 , 2021. That growth and $ 709.5 million balance are exclusive of Paycheck Protection Program ( “ PPP ” ) loan balances of $ 71.3 million and $ 207.9 million , respectively , at September 30 , 2021 and September 30 , 2020 . Direct lease financing balances increased 19 % year over year to $ 514.1 million at September 30 , 2021 . The average interest rate on $ 5.66 billion of average deposits and interest - bearing liabilities during the third quarter of 2021 was 0.18 % . Average deposits of $ 5.53 billion for the third quarter 2021 , reflected a decrease of 1 % from the $ 5.56 billion of average deposits for the quarter ended September 30 , 2020 . As of September 30 , 2021 , substantially all of the borrowers with Covid - 19 related payment deferrals had recommenced making payments , with only approximately $ 1.3 million of non - U.S . guaranteed loan principal remaining in deferral . Consolidated and The Bancorp Bank ( " the Bank " ) leverage ratios were 9.82 % and 10.24 % , respectively , at September 30 , 2021. The Bancorp and its subsidiary , The Bank , remain well capitalized . 1