WEX Bank: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
Total interest expense climbed 19.4% in Q2 2026, from $60.4M to $72.2M. It was the largest change from Q1 2026 among the key lines here. Within Utah, WEX Bank is 9th of 44 on net interest margin, 10.92% as of Q2 2026. WEX Bank's net interest margin of 10.92% is well above the 3.59% median for banks in the $10B-100B asset tier, a gap of 7.33 points (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 13.87% |
| Yield on loans | 26.00% |
| Yield on securities | 4.74% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.67% |
| Cost of interest-bearing deposits | 3.78% |
| Cost of interest-bearing liabilities | 3.89% |
| Cost of borrowings | 4.18% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 10.92% |
| Yield to cost spread | 9.98% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $273.9M |
| Total interest expense | $72.2M |
| Interest expense on deposits | $55.2M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 16.74% | 3.31% | 12.88% | 28.08% | 4.43% |
| Q4 2023 | 16.36% | 3.53% | 12.29% | 27.93% | 4.66% |
| Q1 2024 | 15.42% | 3.38% | 11.47% | 28.71% | 4.76% |
| Q2 2024 | 15.82% | 3.39% | 11.80% | 28.45% | 4.87% |
| Q3 2024 | 15.44% | 3.59% | 11.37% | 28.82% | 4.70% |
| Q4 2024 | 14.61% | 3.45% | 10.80% | 28.86% | 4.65% |
| Q1 2025 | 13.91% | 3.18% | 10.45% | 27.38% | 4.62% |
| Q2 2025 | 13.47% | 3.16% | 9.96% | 25.78% | 4.74% |
| Q3 2025 | 14.13% | 3.19% | 10.53% | 26.73% | 4.95% |
| Q4 2025 | 13.02% | 2.96% | 9.78% | 24.53% | 4.87% |
| Q1 2026 | 13.23% | 2.68% | 10.29% | 26.12% | 4.97% |
| Q2 2026 | 13.87% | 2.67% | 10.92% | 26.00% | 4.74% |
WEX Bank yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock WEX Bank, freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full WEX Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 34697) · FFIEC NIC profile (RSSD 2700984)