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Comenity Capital Bank

Draper, UT · Cert 57570

State charter, non-member · FDIC · 1 branch

Q2 2026

$13.9BAssets
$11.8BLoans
$11.0BDeposits
$1.8BEquity
Loan mix
0%RE $0.0B0%C&I $0.0B100%Consumer $11.3BQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $10.9B0%Noninterest $0.0BQ2 2025Q2 2026

NIM

21.89%Q2 ’2421.51%Q2 ’2521.25%Q2 ’260%+0%

Non-interest income vs. expense

9.81%Q2 ’2411.36%Q2 ’2511.35%Q2 ’26+18%-2%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.9% share · #12 of 57 inst. · $11.0B of $1175.7B

Executive Summary

  • Earnings: ROA of 1.65%, down 31 bps year over year; NIM at 18.02%.
  • Asset quality: problem loans at 3.21% of loans (-47 bps YoY), with net charge-offs at 7.47%.
  • Capital: tier 1 leverage ratio of 12.84%, down 108 bps from a year ago.
  • Funding: loans stand at 107.23% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.65%-31 bps YoY

Net Interest Margin (YTD, annualized)

18.02%+4 bps YoY

Efficiency Ratio (YTD, annualized)

55.14%-57 bps YoY

Tier 1 Leverage Ratio

12.84%-108 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.96%1.97%1.60%1.78%1.65%-31 bps
Return on Equity13.90%13.88%11.44%13.67%12.74%-116 bps
Net Interest Margin17.98%18.39%18.53%18.42%18.02%+4 bps
Efficiency Ratio55.71%56.41%57.26%54.46%55.14%-57 bps
Non-Interest Burden9.24%9.59%9.85%9.23%9.09%-16 bps
Growth
Asset Growth (YoY)1.85%0.87%2.75%0.53%7.36%+551 bps
Loan Growth (YoY)2.65%-0.29%1.22%4.44%8.33%+569 bps
Deposit Growth (YoY)4.97%2.78%5.69%4.20%9.92%+496 bps
Asset Quality
Nonperforming Loans / Loans3.67%3.82%3.71%3.61%3.21%-47 bps
Net Charge-Offs / Loans8.68%8.42%7.84%7.84%7.47%-120 bps
Allowance / Loans12.16%11.96%11.45%11.74%11.41%-76 bps
Allowance Coverage of NPLs3.3x3.1x3.1x3.2x3.6x+0.2x
Capital
Tier 1 Leverage Ratio13.92%13.64%13.18%12.45%12.84%-108 bps
Total Risk-Based Capital19.52%19.02%17.52%17.58%17.65%-187 bps
Equity / Assets14.61%14.39%12.99%12.99%12.96%-165 bps
Liquidity & Funding
Loans / Deposits108.80%109.56%111.73%109.83%107.23%-158 bps
Liquid Assets / Assets17.54%16.40%16.70%16.89%17.21%-33 bps
CRE / Total Capitaln/a0.00%0.00%0.00%n/an/a