Comenity Capital Bank
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Data as of · sourced from FFIEC call reports. How we update
Comenity Capital Bank is an FDIC-insured commercial bank headquartered in Draper, UT, established in 2003 (FDIC certificate 57570), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $13.86B, up 7.4% from Q2 2025, the 10th largest of 44 banks headquartered in Utah. Its CET1 capital ratio was 12.52% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 57570
- Headquarters
- Draper, UT
- Established
- 2003
- Total assets, Q2 2026
- $13.86B
- Assets vs Q2 2025
- +7.4%
- CET1 ratio, Q2 2026
- 12.52%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 124085150
- Latest call report
- Q2 2026, FFIEC 041 · Comenity Capital Bank call report
- Holding company
- BREAD FINANCIAL HOLDINGS, INC.
- Asset rank in state
- 10th of 44 in Utah
Comenity Capital Bank pays more for its money than most banks of its size. Based in Draper, Utah, it had $13.9 billion in assets at June 30, 2026, up 7.4% from a year earlier. It pays an average of 4.14% on its deposits and borrowings, about double the median of 1.92% for the 127 banks with $10 billion to $100 billion in assets. On the other hand, it funds 12.84% of its assets with Tier 1 capital, higher than about 9 in 10 banks its size (median 10.25%).
Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 3.21% of loans, down from 3.67% a year earlier. Net income for the quarter slipped 11% from a year earlier, to $53 million. Credit is the area to watch: it carries problem assets equal to 12.3% of the capital and reserves that would absorb them, about triple the median of 4.2% for banks its size.
As of June 30, 2026, Comenity Capital Bank reported a CET1 capital ratio of 12.52%, a return on assets of 1.55%, a nonperforming-loan ratio of 3.21% and a Texas ratio of 12.28%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Comenity Capital Bank is the 10th largest of the 44 banks headquartered in Utah. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 4.1% to $13.86B, loans rose 3.6% and deposits rose 6.1%. Its loan book on June 30, 2026 was led by credit card loans, at 94.2% of total loans, followed by other consumer loans at 5.6%. The FDIC Summary of Deposits lists a single office for it, in Draper, UT. By the capital ratios in its Q2 2026 call report, Comenity Capital Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 12921 S Vista Station Blvd, Draper, UT 84020
- County
- Salt Lake
- Metro Area
- Salt Lake City-Murray, UT
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- December 1, 2003
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 286
- Domestic deposits
- $10.99B
- Allowance for credit losses
- $1.34B
- Net charge-offs (YTD)
- $440.5M
- Average total assets
- $13.62B
- Average total loans
- $11.52B
- Average interest-bearing deposits
- $10.58B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- December 1, 2003
- FDIC Cert
- 57570
- Fed RSSD
- 3224580
- Website
- Savings.Breadfinancial.com →
- Parent Holding Company
- BREAD FINANCIAL HOLDINGS, INC. (RSSD 3043101)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Comenity Capital Bank's total assets ranged from $11.95B (Q3 2023) to $13.86B (Q2 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$13.86B total assets against $12.91B; $12.06B total liabilities against $11.02B.
$10.44B net loans and leases against $9.56B; $10.99B total deposits against $9.99B.
$109.5M securities against $110.9M; $2.47B cash and balances due against $2.41B.
$722.5M total interest income against $689.0M; $117.3M total interest expense against $117.3M.
$605.2M net interest income against $571.8M.
$82.7M total noninterest income against $71.9M; $391.3M total noninterest expense against $388.9M.
$225.7M provision for credit losses against $188.5M.
$52.6M net income against $58.9M.
1.55% return on assets against 1.81%; 17.25% net interest margin against 16.78%.
12.52% CET1 capital ratio against 15.93%; 12.84% tier 1 leverage ratio against 13.92%.
Inside the full Comenity Capital Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Comenity Capital Bank rankings
Its closest position to the top of a national ranking is 133 of 4,196, for total assets; its furthest is 944 of 980, for uninsured deposits.
Banks merged into Comenity Capital Bank
- Comenity Bank, effective October 1, 2026
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.00% (Q4 2024) to 2.11% (Q1 2025) and its net interest margin ran from 16.78% (Q2 2025) to 18.27% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.52% | 1.55% | 3.21% | 12.28% | 17.25% |
| Q1 2026 | 13.45% | 1.78% | 3.61% | 13.73% | 17.85% |
| Q4 2025 | 13.46% | 0.53% | 3.71% | 14.29% | 18.27% |
| Q3 2025 | 15.44% | 1.97% | 3.82% | 13.69% | 17.92% |
| Q2 2025 | 15.93% | 1.81% | 3.67% | 12.82% | 16.78% |
| Q1 2025 | 15.33% | 2.11% | 3.97% | 13.97% | 17.11% |
| Q4 2024 | 15.36% | 0.00% | 3.97% | 14.58% | 17.53% |
| Q3 2024 | 16.04% | 1.21% | 4.25% | 15.00% | 18.11% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Comenity Capital Bank (main office) | Draper , UT | 84020 | $10.99B |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 1, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2026 | Structure Change | Acquired Comenity Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.9% of deposits in UT, rank 13 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Consumer complaints
- 2 complaints in the last 1 full quarter. Raw counts, not adjusted for size
- Period: 2018-Q2. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Comenity Capital Bank
What are Comenity Capital Bank's total assets?
As of the Q2 2026 filing, Comenity Capital Bank reported total assets of $13.86 billion in its FFIEC call report.
Where is Comenity Capital Bank headquartered?
It is headquartered in Draper, UT, United States.
When was Comenity Capital Bank founded?
It was established in 2003, per the FDIC institution directory.
Is Comenity Capital Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57570). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Comenity Capital Bank?
Comenity Capital Bank's primary federal regulator is the FDIC.
What is Comenity Capital Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.52% in its Q2 2026 call report, above regulatory requirements.
How many branches does Comenity Capital Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Comenity Capital Bank's Texas Ratio?
Its Texas Ratio is 12.28% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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