but the charge indicator still says I can charge it to 100% 
It is just chemistry, batteries are consumables.
Something like an iPad running updatable software should be capable to query it. If you get iMazing (mac or PC, free version works) and plug your iPad into the computer, you can actually read out the stats the battery computer is keeping.
* Capacity when new in mAh
* Capacity now in mAh
A power bank just doesn't have this sort of computation and storage, so what is 100% capacity will degrade.
Typically 500 cycles is where degredation starts in modern quality Li-Ion; and Apple (and others) say that batteries from the iPhone 15 range (2024 ish) are capable of 1000 cycles before any really noticable degredation. Some of the Lenovo, and HP laptops have battery monitor software that can read out similar statistics.
The larger the battery (laptop, iPad) the less noticable the degredation is compared to the small (a phone) battery.
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