BlastPoint's Banking Scorecard
Nelnet Bank
$1B-$10B
Specialty: Consumer
UT
FDIC cert 59205
Draper, 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 885 banks in the $1B-$10B peer group nationwide — 1 of 16 in UT.
- Deposits +63.5% year over year ($2.5B on the books).
- Delinquency rate 2.21%.
- Return on assets 1.23%.
- Efficiency ratio 36.07% vs a 59.73% peer average.
- Loan-to-deposit ratio 64.53% vs a 85.04% peer average.
Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.
885
banks in the $1B-$10B peer group nationally
16 in UT
View $1B-$10B leaderboard (UT) →
Nelnet Bank has 2 strengths but faces 5 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
- + Efficiency Ratio 23.66% below tier average
- + Loan-to-Deposit Ratio 20.51% below tier average
Key Concerns
Areas that may need attention
- - Delinquency Rate 1.34% above tier average
- - Non-Interest-Bearing Deposit Share 21.27% below tier average
- - Non-Interest Income / Assets 0.49% below tier average
- - ROA 0.16% below tier average
- - Net Interest Margin 0.82% below tier average
Core Metrics
As of 2026-Q2
| Metric | Current | vs Tier | Tier Avg | State Avg (UT) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$3.0B
+69.6% YoY
+19.2% QoQ
|
+$204.0M |
$2.8B
-0.6% YoY
|
$31.1B
+21.2% YoY
|
$6.3B
+7.7% YoY
|
70% |
| Total Loans ? |
$1.6B
+101.9% YoY
+30.8% QoQ
|
-$346.8M |
$2.0B
-0.3% YoY
|
$18.5B
+10.6% YoY
|
$3.2B
+9.4% YoY
|
57% |
| Total Deposits ? |
$2.5B
+63.5% YoY
+28.0% QoQ
|
+$186.2M |
$2.3B
-0.5% YoY
|
$23.9B
+15.2% YoY
|
$4.9B
+7.3% YoY
|
70% |
| Return on Assets ? |
1.23%
+130.7% YoY
+11.1% QoQ
|
-0.16% |
1.39%
+17.0% YoY
|
2.15%
+9.7% YoY
|
1.30%
+12.1% YoY
|
47% |
| Net Interest Margin ? |
3.05%
-8.9% YoY
-5.2% QoQ
|
-0.82% |
3.87%
+6.2% YoY
|
7.81%
+8.6% YoY
|
3.95%
+4.9% YoY
|
16% |
| Efficiency Ratio ? |
36.07%
-18.2% YoY
+12.6% QoQ
|
-23.66% |
59.73%
-12.6% YoY
|
105.46%
+37.7% YoY
|
70.05%
+2.5% YoY
|
Top 4.3% in tier |
| Delinquency Rate ? |
2.21%
+103.3% YoY
+10.6% QoQ
|
+1.34% |
0.87%
+11.7% YoY
|
1.38%
+2.5% YoY
|
0.98%
+16.3% YoY
|
Bottom 7.4% in tier |
| Loan-to-Deposit Ratio ? |
64.53%
+23.5% YoY
+2.1% QoQ
|
-20.51% |
85.04%
-0.1% YoY
|
83.52%
+2.9% YoY
|
79.03%
+2.3% YoY
|
Top 9.8% in tier |
| Non-Interest-Bearing Deposit Share ? | 0.00% | -21.27% |
21.27%
-1.5% YoY
|
17.78%
-2.6% YoY
|
21.98%
-0.6% YoY
|
Bottom 0.5% in tier |
| Nonperforming Asset Ratio ? |
1.19%
+142.1% YoY
+21.4% QoQ
|
+0.52% |
0.67%
+11.7% YoY
|
0.92%
+4.0% YoY
|
0.69%
+15.8% YoY
|
17% |
| Tier 1 Capital Ratio ? |
15.94%
+24.2% YoY
+6.1% QoQ
|
+1.10% |
14.84%
-0.4% YoY
|
21.39%
+2.0% YoY
|
17.09%
+0.8% YoY
|
80% |
| Non-Interest Income / Assets ? |
0.04%
-17.9% QoQ
|
-0.49% |
0.53%
+2.5% YoY
|
2.21%
+5.7% YoY
|
0.66%
+5.2% YoY
|
Bottom 2.6% in tier |
Additional Detail
Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2
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 | n/a | n/a | 21.4% | 20.1% | 22.2% | n/a |
| Brokered Deposits |
30.3%
+12.7pp YoY +12.4pp QoQ |
+20.8pp | 9.5% | 28.6% | 8.5% | 94% |
Loan Composition
% of total loans & leases
| Metric | Current | vs Tier | Tier Avg | State Avg (UT) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| C&I |
0.7%
+0.7pp YoY -0.2pp QoQ |
-13.3pp | 14.0% | 25.0% | 12.5% | 2% |
| CRE | n/a | n/a | 50.0% | 44.1% | 41.4% | n/a |
| 1-4 Family | n/a | n/a | 26.4% | 13.8% | 31.3% | n/a |
| Consumer |
98.7%
-2.9pp YoY -0.2pp QoQ |
+94.0pp | 4.7% | 45.8% | 5.0% | 99% |
Capital
| Metric | Current | vs Tier | Tier Avg | State Avg (UT) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| CET1 Ratio | n/a | n/a | 15.6% | 25.0% | 19.7% | n/a |
| Leverage Ratio |
15.9%
+3.1pp YoY +0.9pp QoQ |
+4.6pp | 11.3% | 15.7% | 12.6% | 95% |
| Total Capital Ratio | n/a | n/a | 16.7% | 26.3% | 20.8% | n/a |
Efficiency & Staffing
| Metric | Current | vs Tier | Tier Avg | State Avg (UT) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Full-Time Employees |
65
+11 (+20.4%) YoY +9 (+16.1%) QoQ |
-249 | 313 | 1,029 | 482 | 1% |
| Assets per Employee ($) |
$46.1M
+40.9% YoY +2.7% QoQ |
+$35.6M | $10.5M | $39.6M | $8.8M | 99% |
| Branch Count |
1
0 YoY 0 QoQ |
-19 | 20 | 13 | 18 | 0% |
Asset Quality
| Metric | Current | vs Tier | Tier Avg | State Avg (UT) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Past Due 90+ Days |
2.2%
+1.1pp YoY +0.2pp QoQ |
+2.1pp | 0.2% | 0.6% | 0.4% | 98% |
| Nonaccrual | n/a | n/a | 0.8% | 1.2% | 1.0% | n/a |
| Allowance Coverage |
0.79x
-69.1% YoY -32.7% QoQ |
-17.92x | 18.71x | 7.86x | 20.23x | 16% |
| Net Charge-off Rate (YTD) |
0.7%
-0.3pp YoY -0.3pp QoQ |
+0.5pp | 0.3% | 3.6% | 0.2% | 94% |
Profitability
| Metric | Current | vs Tier | Tier Avg | State Avg (UT) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| ROE |
8.5%
+4.1pp YoY +0.5pp QoQ |
-4.1pp | 12.6% | 15.9% | 11.6% | 22% |
| Cost of Funds (YTD) |
3.3%
0.0pp YoY +0.2pp QoQ |
+1.4pp | 1.9% | 2.3% | 1.7% | 98% |
| Net Income ($, YTD) |
$15.6M
+256.6% YoY — QoQ |
-$3.7M | $19.2M | $307.8M | $40.4M | 62% |
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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 (0)
No matched strength signatures this quarter
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).
Top Strengths (3 metrics)
39
Efficiency Ratio
profitability
Value:
36.07%
Peer Median: 59.73%
#39 of 885
Top 4.3% in $1B-$10B
88
Loan-to-Deposit Ratio
liquidity
Value:
64.53%
Peer Median: 85.04%
#88 of 885
Top 9.8% in $1B-$10B
177
Tier 1 Capital Ratio
capital
Value:
15.94%
Peer Median: 14.84%
#177 of 885
Top 19.9% in $1B-$10B
Top Weaknesses (5 metrics)
882
Non-Interest-Bearing Deposit Share
funding
Value:
0.00%
Peer Median: 21.27%
#882 of 885
Bottom 0.5% in $1B-$10B
863
Non-Interest Income / Assets
revenue_mix
Value:
0.04%
Peer Median: 0.53%
#863 of 885
Bottom 2.6% in $1B-$10B
818
Delinquency Rate
credit_quality
Value:
2.21%
Peer Median: 0.87%
#818 of 882
Bottom 7.4% in $1B-$10B
740
Net Interest Margin
profitability
Value:
3.05%
Peer Median: 3.87%
#740 of 885
Bottom 16.5% in $1B-$10B
739
Nonperforming Asset Ratio
credit_quality
Value:
1.19%
Peer Median: 0.67%
#739 of 885
Bottom 16.6% in $1B-$10B