BlastPoint's Banking Scorecard

WEX Bank

$1B-$10B Specialty: Commercial UT FDIC cert 34697

Sandy, UT

884 banks in the $1B-$10B peer group nationally 16 in UT

WEX Bank shows strong momentum with 5 strengths and 19.6% YoY asset growth

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.

Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

+ Revenue Diversifier: Top 4.5% in tier
+ Return on Assets 2.54% above tier average
+ Net Interest Margin 6.19% above tier average
+ Efficiency Ratio 2.85% below tier average
+ Delinquency Rate 0.13% below tier average

Key Concerns

Areas that may need attention

No key concerns identified

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Core Metrics

As of 2026-Q1

Metric	Current	vs Tier	Tier Avg	State Avg (UT)	National Avg	Tier Percentile
Total Assets ?	$9.5B +19.6% YoY +12.7% QoQ	+$6.7B	$2.8B -0.1% YoY	$31.5B +16.1% YoY	$6.2B +9.1% YoY	Top 1.1% in tier
Total Loans ?	$3.8B +15.6% YoY +29.7% QoQ	+$1.9B	$2.0B +0.6% YoY	$18.8B +6.7% YoY	$3.2B +10.8% YoY	Top 13.1% in tier
Total Deposits ?	$7.0B +24.3% YoY +12.1% QoQ	+$4.7B	$2.3B -0.3% YoY	$24.2B +10.6% YoY	$4.8B +8.2% YoY	Top 3.4% in tier
Return on Assets ?	3.91% -20.0% YoY -15.4% QoQ	+2.54%	1.37% +19.6% YoY	2.19% +3.7% YoY	1.23% +13.4% YoY	Top 1.7% in tier
Net Interest Margin ?	10.00% -2.7% YoY -0.9% QoQ	+6.19%	3.82% +6.9% YoY	7.79% +9.7% YoY	3.89% +5.7% YoY	Top 0.7% in tier
Efficiency Ratio ?	58.22% +2.4% YoY +0.6% QoQ	-2.85%	61.06% -4.6% YoY	105.45% +9.4% YoY	66.95% -4.1% YoY	54%
Delinquency Rate ?	0.76% +49.4% YoY -1.6% QoQ	-0.13%	0.89% +14.1% YoY	1.46% +7.1% YoY	0.95% +18.8% YoY	37%
Loan-to-Deposit Ratio ?	54.58% -7.0% YoY +15.8% QoQ	-29.62%	84.20% +0.3% YoY	84.36% +3.4% YoY	76.70% +0.9% YoY	Top 5.3% in tier
Non-Interest-Bearing Deposit Share ?	22.32% -2.1% YoY +27.5% QoQ	+1.03%	21.29% -2.5% YoY	17.87% +4.4% YoY	22.01% -1.2% YoY	62%
Nonperforming Asset Ratio ?	0.31% +44.3% YoY +13.2% QoQ	-0.37%	0.67% +15.6% YoY	1.01% +17.9% YoY	0.67% +19.3% YoY	62%
Tier 1 Capital Ratio ?	12.90% -1.5% YoY -13.9% QoQ	-2.26%	15.16% +2.0% YoY	22.97% +16.9% YoY	17.06% +0.8% YoY	47%
Non-Interest Income / Assets ?	1.37% -13.0% YoY -79.0% QoQ	+1.11%	0.26% +1.6% YoY	1.04% +5.8% YoY	0.32% +4.1% YoY	Top 2.0% in tier

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$250B+

12 performance metrics with tier, state, and national benchmarks

Signature behaviors (strengths & concerns)

Metric and signature rankings across 4,287 FDIC-insured banks

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Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).

Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (1)

Revenue Diversifier

growth

#11 of 221 • Top 4.5% in tier

Top-quartile non-interest income relative to assets. Revenue less dependent on spread - more resilient to rate cycles.

Why this signature

Noninterest Income / Assets: 1.37%

(Tier: 0.26%, National: 0.32%)

better than tier avg

Return on Assets: 3.91%

(Tier: 1.37%, National: 1.23%)

better than tier avg

221 of 221 Mid-Market banks match · 926 nationally

→ Stable +3 banks QoQ

Concerns (0)

No matched concern signatures this quarter

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).

Concerns are metrics in the bottom 25% (25th percentile or lower).

Compare against:

Comparing against 884 peers in $1B-$10B

Top Strengths (7 metrics)

Net Interest Margin

profitability

Value: 10.00%

Peer Median: 3.82%

#7 of 884 Top 0.7% in $1B-$10B

Total Assets

size

Value: $9.53B

Peer Median: $2.82B

#11 of 884 Top 1.1% in $1B-$10B

Return on Assets

profitability

Value: 3.91%

Peer Median: 1.37%

#16 of 884 Top 1.7% in $1B-$10B

Non-Interest Income / Assets

revenue_mix

Value: 1.37%

Peer Median: 0.26%

#19 of 884 Top 2.0% in $1B-$10B

Total Deposits

size

Value: $7.03B

Peer Median: $2.34B

#31 of 884 Top 3.4% in $1B-$10B

Loan-to-Deposit Ratio

liquidity

Value: 54.58%

Peer Median: 84.20%

#48 of 884 Top 5.3% in $1B-$10B

117

Total Loans

size

Value: $3.84B

Peer Median: $1.96B

#117 of 884 Top 13.1% in $1B-$10B

Top Weaknesses (0 metrics)

No weakness rankings available