The Bancorp, Inc.

Good morning, ladies and gentlemen, and welcome to the Bancorp Inc. Q4 and Fiscal 2025 Earnings Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Friday, January 30th, 2026. I would now like to turn the conference over to Andres Vigoslav. Please go ahead.

Thank you, operator. Good morning, and thank you for joining us today for the Bancorp's fourth quarter and fiscal 2025 financial results conference call. On the call with me today are Damian Kozlowski, Chief Executive Officer, and Dominic Canuso, our Chief Financial Officer. This morning's call is being webcast on our website at www.thebancorp.com. There will be a replay of the call available via webcast on our website beginning at approximately 12 p.m. Eastern time today. The dial-in for the replay is 1-888-660-7000. Before I turn the call over to Damian, I would like to remind everyone that our comments and responses to questions reflects management's view as of today, January 30th, 2026. Yesterday, we issued our fourth quarter earnings release and updated investor presentation. Both are available on our investor relations website. We will make certain forward-looking statements on this call. These statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. and are subject to risks and uncertainty that could cause actual results to differ materially from the expectations and assumptions we mentioned today. These factors and uncertainties are discussed in our reports and filings with the Securities and Exchange Commission. In addition, we will be referring to certain non-GAAP financial measures during this call. Additional details and reconciliations of GAAP to adjusted non-GAAP financial measures are in the owner's release. Please note that the Bancorp undertakes no obligation to publicly release the results of any revisions to forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Now I'd like to turn the call over to the Bancorp's Chief Executive Officer, Damian Kozlowski. Damian?

Thank you, Andres, and thank you for joining our call today. At the beginning of 2020, we announced the new brand that better represents the future of our company. It is a bold representation of the exciting future in front of us. Please refer to our website and other company marketing materials for transformation. The Bancorp earned $1.28 a share in the fourth quarter. EPS growth year-over-year was 11%. GDV continues growth of trend at 16% increase for the quarter versus fourth quarter prior year. Revenue growth in the quarter, which includes both fee and spread revenue, and excludes credit enhancement income, was 3% versus fourth quarter prior year. For the year, GDV growth was up 17%. in 2025 over 2024, and total fee growth was up 21%. Our three main FinTech initiatives ended the year well-positioned to create significant shareholder value in the future. First, our credit sponsorship balances ended at $1.1 billion, up 40% from the third quarter and 142% year-over-year. We exceeded our goal of at least $1 billion in credit sponsorship balances, ending at approximately $1.1 billion. We hope to add at least two new partners this year and we'll make announcements at the appropriate time. Second, our embedded finance platform development continues to progress on pace with an expected launch earlier this year. And third, new program implementation timelines, Cash App being the largest, are on track and should deliver meaningfully both to GDB and fee revenue in 2026 and beyond. All three initiatives should be an increasingly positive effect on our financials as we move through 26 and show significant impact as we enter 27. We also may practice reducing our criticized assets, which include both substandard and special mention assets. These assets decline from 268 to 194 million, or 28% quarter-per-quarter. We expect more progress over the next few quarters. Delinquency declined substantially from 2.19% of loans at the end of the third quarter to 1.6% at the end of the fourth quarter. I now turn the call over to our CEO, Dominic Canuso. Dominic?