The Bancorp, Inc.

Hello, everyone, and welcome to the Bancorp Inc. First Quarter 2026 Earnings Conference Call. Please note that this call is being recorded. After the speaker's prepared remarks, there will be a question and answer session. If you'd like to ask a question during that time, please press star followed by one on your telephone keypad. Thank you. I'd now like to hand the call over to Andres Zeroslav. Please go ahead.

Thank you, Operator. Good morning, and thank you for joining us today for the Bancorp's first quarter 2026 Financial Results Conference Call. On the call to 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 1-800-BANCORP. 770-2030 with a passcode of 954-5117. Before I turn the call over to Damian, I would like to remind everyone that our comments and responses to questions reflect management's view as of today, April 24, 2026. Yesterday, we issued our first 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 uncertainties that could cause actual results that 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 earnings release. Please note that the Bancorp undertakes no obligation to publicly release the results, many 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. The Bancorp earned $1.41 a share in the fourth quarter. EPS growth year-over-year was 18%. First quarter ROE was 35.1 and ROA was 2.57. FinTech GDV continues to grow above trend at 18% year over year. Revenue growth in the quarter, which includes both fee and spread revenue, was 15% year over year. Our three main FinTech initiatives continue to move forward quickly and are well positioned for success. Our onboarding of new programs and expansion of current programs continues at pace. Cash App program has been launched. It will ramp up during 26 and 27 and show progressive accretion to our financials. Credit sponsorship balances soared in the first quarter to 1.65 billion, a 50% not annualized increase over the fourth quarter of 25. As previously stated, we expect to launch at least two significant additional programs in 26. Announcements are subject to our partners' marketing timelines. Embedded Finance Platform is close to completing the development of its first operational use case. We plan to announce at least one client in this area in 26. We also made continued progress in reducing our criticized assets, which includes both substandard and special mention assets. These assets declined from 194.5 million to 163.1 million, or 16% per quarter. We expect more progress over the next few quarters. Lastly, we are maintaining our guidance at 590 EPS for 26, with $1.75 to share in the fourth quarter. Our expectation for 27 EPS is in a range of 810 to 830. 2026 buybacks are forecast to be 200 million total and 50 million quarter in 26, with 27 buybacks equal to near 100% of net income in the year. Our three major FinTech initiatives, along with platform efficiency gains from restructuring and AI tools, plus a high level of capital return through continued buybacks, will be the driving forces behind EPS accretion. EPS gains are subject to development and implementation timelines in FinTech. I now turn the call over to our CFO, Dominic Canuso. Dominic?