Call reports 2023
WEX BANK — 2023
What WEX BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 6,482,513,000 | 6,902,602,000 | 7,304,154,000 | 7,074,303,000 |
| Total loans | 2,999,248,000 | 3,243,038,000 | 3,628,554,000 | 3,049,443,000 |
| Allowance for loan losses | 76,996,000 | 70,943,000 | 63,019,000 | 51,994,000 |
| Securities available for sale | 2,493,189,000 | 2,655,305,000 | 2,638,788,000 | 3,050,499,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,578,849,000 | 5,561,264,000 | 5,773,046,000 | 5,348,626,000 |
| Interest-bearing deposits | 4,301,775,000 | 4,176,445,000 | 4,140,739,000 | 3,876,635,000 |
| Noninterest-bearing deposits | 1,277,074,000 | 1,384,819,000 | 1,632,307,000 | 1,471,991,000 |
| Equity capital | 501,574,000 | 521,995,000 | 472,745,000 | 595,196,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 238,897,000 | 485,569,000 | 744,971,000 | 996,977,000 |
| Interest expense | 38,645,000 | 89,309,000 | 149,138,000 | 211,880,000 |
| Net interest income | 200,252,000 | 396,260,000 | 595,833,000 | 785,097,000 |
| Noninterest income | 114,847,000 | 235,736,000 | 354,161,000 | 491,644,000 |
| Noninterest expense | 178,358,000 | 363,952,000 | 563,260,000 | 750,573,000 |
| Provision for loan losses | 37,867,000 | 52,815,000 | 57,624,000 | 60,649,000 |
| Pretax income | 99,268,000 | 215,438,000 | 328,333,000 | 465,871,000 |
| Income tax | 24,695,000 | 52,032,000 | 81,554,000 | 113,587,000 |
| Net income | 74,573,000 | 163,406,000 | 246,779,000 | 352,284,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 620,916,000 | 671,244,000 | 677,811,000 | 675,198,000 |
| Total capital | 673,183,000 | 728,821,000 | 740,201,000 | 727,192,000 |
| Risk-weighted assets | 4,156,618,000 | 4,592,774,000 | 4,990,557,000 | 4,468,534,000 |
Machine access — free, no API key
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