WEX Bank
BankRegReports is independent of WEX Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
WEX Bank is an FDIC-insured commercial bank headquartered in Sandy, UT, established in 1998 (FDIC certificate 34697), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $10.71B, up 20.7% from Q2 2025, the 13th largest of 44 banks headquartered in Utah. Its CET1 capital ratio was 12.70% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 34697
- Headquarters
- Sandy, UT
- Established
- 1998
- Total assets, Q2 2026
- $10.71B
- Assets vs Q2 2025
- +20.7%
- CET1 ratio, Q2 2026
- 12.70%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 124084643
- Asset rank in state
- 13th of 44 in Utah
WEX Bank is one of the more profitable banks of its size. Based in Sandy, Utah, it had $10.7 billion in assets at June 30, 2026, up 20.7% from a year earlier. It earns about $4.61 a year on every $100 of assets, 3.5 times the median of $1.32 for the 127 banks with $10 billion to $100 billion in assets. It also holds 14% of its deposits (14%) above the FDIC insurance limit, about a third the median of 38.6% for banks its size.
Net income for the quarter rose 21% from a year earlier, to $118 million. Over the same year, loans grew 16.0% and deposits grew 21.4%. Where it has less room is capital: it funds 8.93% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.25%).
As of June 30, 2026, WEX Bank reported a CET1 capital ratio of 12.70%, a return on assets of 4.61%, a nonperforming-loan ratio of 0.44% and a Texas ratio of 2.11%. The figures come from its call report filed with the FFIEC.
WEX Bank ranks as the 13th largest of the 44 banks based in Utah, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 12.4% to $10.71B, loans rose 12.6% and deposits rose 12.4%. Commercial and industrial loans made up 99.8% of its total loans on June 30, 2026, its largest category; next came multifamily loans at 0.2%. Its one office in the FDIC Summary of Deposits is in Sandy, UT. On its Q2 2026 call report, WEX Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 111 E Sego Lily Dr, Sandy, UT 84070
- 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 031
- Established
- June 1, 1998
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 82
- Domestic deposits
- $7.88B
- Allowance for credit losses
- $56.3M
- Net charge-offs (YTD)
- $36.9M
- Average total assets
- $10.20B
- Average total loans
- $4.21B
- Average interest-bearing deposits
- $7.58B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- June 1, 1998
- FDIC Cert
- 34697
- Fed RSSD
- 2700984
- Website
- www.wexinc.com →
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
WEX Bank's total assets moved between a low of $7.07B (Q4 2023) and a high of $10.71B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$10.71B total assets against $8.87B; $9.85B total liabilities against $8.16B.
$4.32B net loans and leases against $3.73B; $7.91B total deposits against $6.51B.
$5.03B securities against $4.21B; $1.02B cash and balances due against $622.5M.
$339.1M total interest income against $261.7M; $72.2M total interest expense against $68.3M.
$267.0M net interest income against $193.4M.
$139.9M total noninterest income against $144.7M; $230.0M total noninterest expense against $193.0M.
$19.9M provision for credit losses against $16.0M.
$117.6M net income against $97.5M.
4.61% return on assets against 4.80%; 10.92% net interest margin against 9.96%.
12.70% CET1 capital ratio against 12.90%; 8.93% tier 1 leverage ratio against 9.24%.
Inside the full WEX Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWEX Bank rankings
Its closest position to the top of a national ranking is 18 of 3,611, for ROA; its furthest is 905 of 980, for uninsured deposits.
Metric pages for WEX Bank: ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 4.03% (Q1 2026) to 6.16% (Q3 2024) and its net interest margin ran from 9.78% (Q4 2025) to 11.37% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.70% | 4.61% | 0.44% | 2.11% | 10.92% |
| Q1 2026 | 12.90% | 4.03% | 0.75% | 3.62% | 10.29% |
| Q4 2025 | 14.98% | 4.46% | 0.76% | 2.80% | 9.78% |
| Q3 2025 | 14.20% | 4.56% | 0.62% | 2.59% | 10.53% |
| Q2 2025 | 12.90% | 4.80% | 0.49% | 2.47% | 9.96% |
| Q1 2025 | 13.10% | 5.03% | 0.50% | 2.56% | 10.45% |
| Q4 2024 | 14.47% | 4.15% | 0.74% | 3.36% | 10.80% |
| Q3 2024 | 13.17% | 6.16% | 0.59% | 2.80% | 11.37% |
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 |
|---|---|---|---|
| WEX Bank (main office) | Sandy , UT | 84070 | $7.88B |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.6% of deposits in UT, rank 16 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows WEX Bank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about WEX Bank
What are WEX Bank's total assets?
As of the Q2 2026 filing, WEX Bank reported total assets of $10.71 billion in its FFIEC call report.
Where is WEX Bank headquartered?
It is headquartered in Sandy, UT, United States.
When was WEX Bank founded?
It was established in 1998, per the FDIC institution directory.
Is WEX Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #34697). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates WEX Bank?
WEX Bank's primary federal regulator is the FDIC.
What is WEX Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.70% in its Q2 2026 call report, above regulatory requirements.
How many branches does WEX 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 WEX Bank's Texas Ratio?
Its Texas Ratio is 2.11% 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.
Go deeper on WEX Bank.
Get an email when WEX Bank files its next call report, and benchmark it against any peer you choose.
Unlock WEX Bank, freeFree account