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Wex Bank

Sandy, UT · Cert 34697

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

27

Q2 2024Q2 2026peer median (50)

Asset Quality

44

Q2 2024Q2 2026peer median (50)

Profitability

98

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

43

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Wex Bank

Sandy, UT · Cert 34697

State charter, non-member · FDIC · 1 branch

Q2 2026

$10.7BAssets
$4.4BLoans
$7.9BDeposits
$856.1MEquity
Loan mix
0%RE $0.0B100%C&I $3.9B0%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
79%Interest-bearing $6.2B21%Noninterest $1.6BQ3 2024Q2 2026

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.7% share · #15 of 57 inst. · $7.9B of $1175.7B

Executive Summary

  • Earnings: ROA of 4.30%, down 45 bps year over year; NIM at 9.37%.
  • Asset quality: problem loans at 0.44% of loans (-6 bps YoY), with net charge-offs at 1.69%.
  • Capital: tier 1 leverage ratio of 8.93%, down 31 bps from a year ago.
  • Funding: loans stand at 55.57% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

4.30%-45 bps YoY

Net Interest Margin (YTD, annualized)

9.37%+12 bps YoY

Efficiency Ratio (YTD, annualized)

57.30%+37 bps YoY

Tier 1 Leverage Ratio

8.93%-31 bps YoY

NIM

14.73%Q2 ’2412.42%Q2 ’2511.97%Q2 ’26-16%+1%

Non-interest income vs. expense

11.33%Q2 ’249.06%Q2 ’258.41%Q2 ’26-41%+28%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets4.69%4.56%4.88%4.74%4.66%4.62%3.91%4.30%-45 bps
Return on Equity59.11%58.03%63.64%60.76%57.54%55.65%46.26%51.92%-884 bps
Net Interest Margin10.78%10.46%9.92%9.25%9.42%9.16%9.69%9.37%+12 bps
Efficiency Ratio59.08%59.85%56.87%56.93%57.71%57.89%58.22%57.30%+37 bps
Non-Interest Burden3.49%3.54%2.72%2.42%2.65%2.57%3.14%3.11%+69 bps
Growth
Asset Growth (YoY)5.66%2.23%5.96%16.74%9.34%16.84%19.62%20.73%+399 bps
Loan Growth (YoY)-8.25%-12.52%-1.04%7.54%0.51%12.77%15.86%15.96%+841 bps
Deposit Growth (YoY)-5.24%-0.72%-0.08%14.61%14.77%17.81%24.27%21.32%+671 bps
Asset Quality
Nonperforming Loans / Loans0.59%0.74%0.50%0.49%0.62%0.76%0.75%0.44%-6 bps
Net Charge-Offs / Loans1.83%2.20%1.41%1.10%1.28%1.46%2.01%1.69%+59 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.38%9.01%9.29%9.24%9.24%9.04%9.13%8.93%-31 bps
Total Risk-Based Capital14.10%15.36%13.82%13.67%15.05%15.94%13.77%13.48%-19 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits60.85%50.23%59.54%58.14%53.29%48.08%55.52%55.57%-257 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Wex Bank

Sandy, UT · Cert 34697 · Peer group: banks over $10B in assets (n=142-144)

State charter, non-member · FDIC · 1 branch

Q2 2026

$10.7BAssets
$4.4BLoans
$7.9BDeposits
$856.1MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 99% of banks over $10B in assets (rank 2 of 144).
  • Widest gap: net charge-offs / loans trails 92% of banks over $10B in assets (rank 132 of 142).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

3.84%

Rank 2 of 144

Net Interest Margin

9.37%

Rank 4 of 144

Efficiency Ratio

57.30%

Rank 83 of 144

Equity / Assets

7.99%

Rank 129 of 144

Non-interest income vs. expense

$540.7M$857.8MINCOMEEXPENSE
Unfavorable gap of $317.0M · efficiency ratio beats 43% of banks over $10B in assets
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets3.84%1.00%1.26%1.54%Beats 99%2 / 144n/a
Return on Equity47.99%8.98%11.34%14.40%Beats 99%2 / 144n/a
Net Interest Margin9.37%2.82%3.31%3.68%Beats 97%4 / 144n/a
Efficiency Ratio57.30%49.42%56.02%62.41%Beats 43%83 / 144n/a
Asset Quality
Nonperforming Loans / Loans0.44%0.48%0.73%1.07%Beats 80%29 / 142n/a
Net Charge-Offs / Loans1.00%0.05%0.11%0.22%Beats 8%132 / 142n/a
Capital
Tier 1 Capital Ratio12.70%12.07%12.98%14.92%Beats 43%82 / 144n/a
Total Risk-Based Capital Ratio13.48%13.39%14.14%16.25%Beats 28%104 / 144n/a
Equity / Assets7.99%9.69%11.39%12.96%Beats 10%129 / 144n/a
Liquidity & Funding
Loans / Deposits55.57%75.72%84.92%91.56%7th pctl133 / 143n/a
Loans / Assets40.91%59.83%69.07%74.80%8th pctl132 / 144n/a
Brokered Deposits / Depositsn/aNot reported for this institution