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WEX Bank

$10B-$250B Specialty: Commercial UT FDIC cert 34697

Sandy, UT

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 139 banks in the $10B-$250B peer group nationwide — 1 of 12 in UT.
  • Deposits +21.4% year over year ($7.9B on the books).
  • Delinquency rate 0.45%.
  • Return on assets 4.30%.
  • Efficiency ratio 57.30% vs a 53.67% peer average.
  • Loan-to-deposit ratio 54.70% vs a 82.61% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

139 banks in the $10B-$250B peer group nationally 12 in UT
View $10B-$250B leaderboard (UT) →

WEX Bank has 4 strengths but faces 2 concerns

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 2.9% in tier
  • + Credit Quality Leader: Top 37.1% in tier
  • + Return on Assets 2.91% above tier average
  • + Net Interest Margin 6.66% above tier average

Key Concerns

Areas that may need attention

  • - NIB Deposit Bleed: Bottom 33.3% in tier
  • - Efficiency Ratio 3.63% above tier average
Get updates when WEX Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
Total Assets ? $10.7B
+20.7% YoY +12.4% QoQ
-$32.9B $43.6B
-13.8% YoY
$31.1B
+21.2% YoY
$6.3B
+7.7% YoY
Bottom 6.5% in tier
Total Loans ? $4.3B
+15.8% YoY +12.7% QoQ
-$23.6B $28.0B
-8.6% YoY
$18.5B
+10.6% YoY
$3.2B
+9.4% YoY
Bottom 4.3% in tier
Total Deposits ? $7.9B
+21.4% YoY +12.4% QoQ
-$27.5B $35.4B
-14.0% YoY
$23.9B
+15.2% YoY
$4.9B
+7.3% YoY
Bottom 2.2% in tier
Return on Assets ? 4.30%
-9.4% YoY +10.0% QoQ
+2.91% 1.39%
+25.9% YoY
2.15%
+9.7% YoY
1.30%
+12.1% YoY
Top 0.7% in tier
Net Interest Margin ? 10.58%
+5.9% YoY +5.8% QoQ
+6.66% 3.92%
+8.9% YoY
7.81%
+8.6% YoY
3.95%
+4.9% YoY
Top 2.2% in tier
Efficiency Ratio ? 57.30%
+0.6% YoY -1.6% QoQ
+3.63% 53.67%
-1.9% YoY
105.46%
+37.7% YoY
70.05%
+2.5% YoY
39%
Delinquency Rate ? 0.45%
-11.1% YoY -41.4% QoQ
-0.57% 1.01%
-2.8% YoY
1.38%
+2.5% YoY
0.98%
+16.3% YoY
78%
Loan-to-Deposit Ratio ? 54.70%
-4.5% YoY +0.2% QoQ
-27.91% 82.61%
+3.1% YoY
83.52%
+2.9% YoY
79.03%
+2.3% YoY
Top 7.2% in tier
Non-Interest-Bearing Deposit Share ? 21.06%
-15.1% YoY -5.6% QoQ
+0.48% 20.58%
+4.9% YoY
17.78%
-2.6% YoY
21.98%
-0.6% YoY
42%
Nonperforming Asset Ratio ? 0.18%
-14.7% YoY -41.3% QoQ
-0.55% 0.73%
+5.8% YoY
0.92%
+4.0% YoY
0.69%
+15.8% YoY
Top 11.5% in tier
Tier 1 Capital Ratio ? 12.70%
-1.6% YoY -1.5% QoQ
-2.65% 15.35%
-0.4% YoY
21.39%
+2.0% YoY
17.09%
+0.8% YoY
44%
Non-Interest Income / Assets ? 2.52%
-17.1% YoY +84.3% QoQ
+2.03% 0.50%
+10.5% YoY
2.21%
+5.7% YoY
0.66%
+5.2% YoY
Top 0.7% in tier

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
Noninterest-Bearing 21.1%
-3.8pp YoY
-1.3pp QoQ
 0.0pp 21.0% 20.1% 22.2% 40%
Brokered Deposits 18.2%
+4.3pp YoY
+6.2pp QoQ
 +9.0pp 9.2% 28.6% 8.5% 86%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
C&I 101.1%
+0.1pp YoY
-0.1pp QoQ
 +83.9pp 17.2% 25.0% 12.5% 99%
CRE n/a n/a 42.0% 44.1% 41.4% n/a
1-4 Family n/a n/a 23.1% 13.8% 31.3% n/a
Consumer n/a n/a 12.9% 45.8% 5.0% n/a

Capital

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
CET1 Ratio 12.7%
-0.2pp YoY
-0.2pp QoQ
 -2.6pp 15.3% 25.0% 19.7% 44%
Leverage Ratio 8.9%
-0.3pp YoY
-0.2pp QoQ
 -1.5pp 10.4% 15.7% 12.6% 15%
Total Capital Ratio 13.5%
-0.2pp YoY
-0.3pp QoQ
 -3.0pp 16.5% 26.3% 20.8% 30%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
Full-Time Employees 82
+1 (+1.2%) YoY
-3 (-3.5%) QoQ
 -3,176 3,258 1,029 482 1%
Assets per Employee ($) $130.6M
+19.3% YoY
+16.5% QoQ
 +$103.6M $27.0M $39.6M $8.8M 96%
Branch Count 1
0 YoY
0 QoQ
 -137 137 13 18 0%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.4% 0.6% 0.4% n/a
Nonaccrual 0.4%
+0.4pp YoY
+0.4pp QoQ
 -0.3pp 0.7% 1.2% 1.0% 30%
Allowance Coverage 2.93x
+22.0% YoY
+58.8% QoQ
 +0.12x 2.81x 7.86x 20.23x 79%
Net Charge-off Rate (YTD) 2.0%
+0.7pp YoY
-0.3pp QoQ
 +1.5pp 0.4% 3.6% 0.2% 94%

Profitability

Metric Current vs Tier Tier Avg State Avg (UT) National Avg Tier Percentile
ROE 51.9%
-8.8pp YoY
+5.7pp QoQ
 +39.3pp 12.6% 15.9% 11.6% 99%
Cost of Funds (YTD) 2.9%
-0.5pp YoY
+0.1pp QoQ
 +1.0pp 2.0% 2.3% 1.7% 88%
Net Income ($, YTD) $205.4M
+7.9% YoY
— QoQ
 -$91.4M $296.8M $307.8M $40.4M 63%

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 (2)

Revenue Diversifier

growth
#2 of 35 • Top 2.9% 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: 2.52%
(Tier: 0.50%, National: 0.66%)
better than tier avg
Return on Assets: 4.30%
(Tier: 1.39%, National: 1.30%)
better than tier avg
35 of 35 Large banks match · 923 nationally
→ Stable | QoQ rank improving

Credit Quality Leader

growth
#14 of 35 • Top 37.1% in tier

Best-in-class credit quality (delinquency in bottom 25% of peer group). Conservative underwriting paying off.

Why this signature
Delinquency Rate: 0.45%
(Tier: 1.01%, National: 0.98%)
better than tier avg
35 of 35 Large banks match · 920 nationally
→ Stable +1 banks QoQ

Concerns (1)

NIB Deposit Bleed

decline
#2 of 3 • Bottom 33.3% in tier

Non-interest-bearing deposit share dropped 2+ pp YoY and now below the tier median. Cheap funding leaving for higher-yield competitors.

Why this signature
Noninterest-Bearing Deposit Share: 21.06%
(Tier: 20.58%, National: 21.98%)
better than tier avg
3 of 3 Large banks match · 211 nationally
↓ Shrinking -26 banks QoQ

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).
Comparing against 139 peers in $10B-$250B

Top Strengths (6 metrics)

2
Return on Assets
profitability
Value: 4.30%
Peer Median: 1.39%
#2 of 139 Top 0.7% in $10B-$250B
2
Non-Interest Income / Assets
revenue_mix
Value: 2.52%
Peer Median: 0.50%
#2 of 139 Top 0.7% in $10B-$250B
4
Net Interest Margin
profitability
Value: 10.58%
Peer Median: 3.92%
#4 of 139 Top 2.2% in $10B-$250B
11
Loan-to-Deposit Ratio
liquidity
Value: 54.70%
Peer Median: 82.61%
#11 of 139 Top 7.2% in $10B-$250B
17
Nonperforming Asset Ratio
credit_quality
Value: 0.18%
Peer Median: 0.73%
#17 of 139 Top 11.5% in $10B-$250B
31
Delinquency Rate
credit_quality
Value: 0.45%
Peer Median: 1.01%
#31 of 138 Top 21.7% in $10B-$250B

Top Weaknesses (3 metrics)

137
Total Deposits
size
Value: $7.91B
Peer Median: $35.42B
#137 of 139 Bottom 2.2% in $10B-$250B
134
Total Loans
size
Value: $4.32B
Peer Median: $27.97B
#134 of 139 Bottom 4.3% in $10B-$250B
131
Total Assets
size
Value: $10.71B
Peer Median: $43.60B
#131 of 139 Bottom 6.5% in $10B-$250B
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