Cook the bacon until crispy, then let it cool and crumble into small bits before mixing.
In a large mixing bowl, combine the softened cream cheese, shredded cheese, chopped jalapenos, crumbled bacon, salt, and pepper. Mix everything together until well incorporated, creating a sticky, cheesy mixture.
Scoop out about a tablespoon of the mixture, then roll it between your palms to form a compact ball. Repeat with the remaining mixture.
Roll each cheese ball in panko breadcrumbs until evenly coated, pressing gently to adhere the crumbs.
Place the coated cheese balls on a parchment-lined baking sheet, spacing them apart evenly.
Bake the cheese balls in a preheated oven at 375°F (190°C) for about 12-15 minutes, until they are golden brown and crispy on the outside.
Remove the cheese balls from the oven and let them cool slightly before serving. The exterior should be crunchy with a melty, cheesy interior filled with bits of jalapeno and bacon.