BlastPoint's Banking Scorecard
WEX Bank
Mid-Market
Specialty: Commercial
UT
FDIC cert 34697
Sandy, UT
201
banks in Mid-Market tier nationally
7 in UT
View Mid-Market leaderboard (UT) →
WEX Bank has 4 strengths but faces 1 concern
Key Strengths
Areas where this bank excels compared to peers
- + Revenue Diversifier: Top 4% in Mid-Market
- + Profitability Leader: Top 22% in Mid-Market
- + Net Interest Margin 6.70% above tier
- + Loan-to-Deposit Ratio 38.32% below tier
Key Concerns
Areas that may need attention
- - NIB Deposit Bleed: Bottom 88% in Mid-Market
Core Metrics
As of 2025-Q4
| Metric | Current | vs Tier | Tier Avg | State Avg (UT) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$8.4B
+16.8% YoY
+0.1% QoQ
|
-$2.0B |
$10.5B
+2.9% YoY
|
$27.8B
+4.3% YoY
|
$5.9B
+6.5% YoY
|
50% |
| Total Loans ? |
$3.0B
+12.6% YoY
-10.3% QoQ
|
-$4.2B |
$7.1B
+4.5% YoY
|
$18.4B
+5.7% YoY
|
$3.1B
+8.5% YoY
|
Bottom 5% in tier |
| Total Deposits ? |
$6.3B
+17.9% YoY
-0.4% QoQ
|
-$2.3B |
$8.5B
+3.0% YoY
|
$22.6B
+4.5% YoY
|
$4.7B
+6.3% YoY
|
42% |
| Return on Assets ? |
4.62%
+1.3% YoY
-0.9% QoQ
|
+3.45% |
1.16%
+9.4% YoY
|
1.81%
-9.1% YoY
|
1.12%
+15.6% YoY
|
Top 1% in tier |
| Net Interest Margin ? |
10.09%
-7.9% YoY
-0.5% QoQ
|
+6.70% |
3.40%
+7.9% YoY
|
5.42%
-7.6% YoY
|
3.75%
+7.1% YoY
|
Top 1% in tier |
| Efficiency Ratio ? |
57.89%
-3.3% YoY
+0.3% QoQ
|
+1.28% |
56.60%
-3.2% YoY
|
52.17%
+2.9% YoY
|
65.09%
-5.1% YoY
|
44% |
| Delinquency Rate ? |
0.77%
+3.1% YoY
+23.2% QoQ
|
+0.09% |
0.68%
+12.0% YoY
|
1.05%
-14.1% YoY
|
0.66%
+20.3% YoY
|
36% |
| Loan-to-Deposit Ratio ? |
47.15%
-4.5% YoY
-10.0% QoQ
|
-38.32% |
85.47%
+1.1% YoY
|
84.36%
-0.6% YoY
|
78.04%
+0.7% YoY
|
Top 3% in tier |
| Non-Interest-Bearing Deposit Share ? |
17.51%
-10.6% YoY
-20.5% QoQ
|
-3.13% |
20.64%
-0.3% YoY
|
13.04%
-1.8% YoY
|
21.79%
-1.3% YoY
|
33% |
| Nonperforming Asset Ratio ? |
0.27%
-0.6% YoY
+10.3% QoQ
|
-0.23% |
0.50%
+7.3% YoY
|
0.58%
-21.1% YoY
|
0.48%
+20.8% YoY
|
69% |
| Tier 1 Capital Ratio ? |
14.98%
+3.5% YoY
+5.6% QoQ
|
+1.43% |
13.55%
+1.8% YoY
|
9.83%
-1.9% YoY
|
9.75%
-1.9% YoY
|
80% |
| Non-Interest Income / Assets ? |
6.52%
-5.0% YoY
+35.0% QoQ
|
+5.56% |
0.96%
+7.1% YoY
|
1.76%
-7.5% YoY
|
0.65%
+0.6% YoY
|
Top 1% in tier |
Signature Analysis
Strengths (4)
Revenue Diversifier
growth
#3 of 49 · Top 4% in Mid-Market
Top-quartile non-interest income relative to assets. Revenue less dependent on spread - more resilient to rate cycles.
Why this signature
Noninterest Income / Assets:
6.52%
(Tier: 0.96%, National: 0.65%)
Return on Assets:
4.62%
(Tier: 1.16%, National: 1.12%)
49 of 49 Mid-Market banks match
·
441 nationally
→ Stable
+4 banks QoQ
Profitability Leader
growth
#12 of 51 · Top 22% in Mid-Market
Top-quartile profitability for peers of this size. Strong fundamentals and operational efficiency.
Why this signature
Return on Assets:
4.62%
(Tier: 1.16%, National: 1.12%)
51 of 51 Mid-Market banks match
·
444 nationally
→ Stable
+5 banks QoQ
|
QoQ rank improving
Net Interest Margin
metric
Top 1%
in Mid-Market
Why this stands out
Current:
10.09%
(Tier avg: 3.40%, National avg: 3.75%)
Loan-to-Deposit Ratio
metric
Top 3%
in Mid-Market
Why this stands out
Current:
47.15%
(Tier avg: 85.47%, National avg: 78.04%)
Concerns (1)
NIB Deposit Bleed
decline
#8 of 9 · Bottom 88% in Mid-Market
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:
17.51%
(Tier: 20.64%, National: 21.79%)
9 of 9 Mid-Market banks match
·
98 nationally
→ Stable
-10 banks QoQ
Metric Rankings
How this bank ranks across all 12 tracked metrics. Switch cohort to compare against different peer sets.
Strengths: Metrics in the top 25% (75th percentile or higher) Concerns: Metrics in the bottom 25%
Top Strengths
100
100th pctile
Return on Assets
Current: 4.62% · Tier avg: 1.16%
100
100th pctile
Net Interest Margin
Current: 10.09% · Tier avg: 3.40%
99
99th pctile
Non-Interest Income / Assets
Current: 6.52% · Tier avg: 0.96%
97
97th pctile
Loan-to-Deposit Ratio
Current: 47.15% · Tier avg: 85.47%
80
80th pctile
Tier 1 Capital Ratio
Current: 14.98% · Tier avg: 13.55%
69
69th pctile
Nonperforming Asset Ratio
Current: 0.27% · Tier avg: 0.50%
50
50th pctile
Total Assets
Current: $8.4B · Tier avg: $10.5B
44
44th pctile
Efficiency Ratio
Current: 57.89% · Tier avg: 56.60%
42
42th pctile
Total Deposits
Current: $6.3B · Tier avg: $8.5B
36
36th pctile
Delinquency Rate
Current: 0.77% · Tier avg: 0.68%
33
33th pctile
Non-Interest-Bearing Deposit Share
Current: 17.51% · Tier avg: 20.64%
5
5th pctile
Total Loans
Current: $3.0B · Tier avg: $7.1B
Top Weaknesses
5
5th pctile
Total Loans
Current: $3.0B · Tier avg: $7.1B
33
33th pctile
Non-Interest-Bearing Deposit Share
Current: 17.51% · Tier avg: 20.64%
36
36th pctile
Delinquency Rate
Current: 0.77% · Tier avg: 0.68%
42
42th pctile
Total Deposits
Current: $6.3B · Tier avg: $8.5B
44
44th pctile
Efficiency Ratio
Current: 57.89% · Tier avg: 56.60%
50
50th pctile
Total Assets
Current: $8.4B · Tier avg: $10.5B
69
69th pctile
Nonperforming Asset Ratio
Current: 0.27% · Tier avg: 0.50%
80
80th pctile
Tier 1 Capital Ratio
Current: 14.98% · Tier avg: 13.55%
97
97th pctile
Loan-to-Deposit Ratio
Current: 47.15% · Tier avg: 85.47%
99
99th pctile
Non-Interest Income / Assets
Current: 6.52% · Tier avg: 0.96%
100
100th pctile
Net Interest Margin
Current: 10.09% · Tier avg: 3.40%
100
100th pctile
Return on Assets
Current: 4.62% · Tier avg: 1.16%