Call reports 2024
WEX BANK — 2024
What WEX BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 7,515,888,000 | 7,597,943,000 | 7,717,549,000 | 7,231,749,000 |
| Total loans | 3,395,105,000 | 3,513,206,000 | 3,329,046,000 | 2,667,504,000 |
| Allowance for loan losses | 53,181,000 | 53,248,000 | 47,432,000 | 40,334,000 |
| Securities available for sale | 3,332,654,000 | 3,349,861,000 | 3,756,851,000 | 3,806,368,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,646,886,000 | 5,669,573,000 | 5,470,800,000 | 5,310,277,000 |
| Interest-bearing deposits | 4,024,234,000 | 4,029,102,000 | 4,197,610,000 | 4,279,452,000 |
| Noninterest-bearing deposits | 1,622,652,000 | 1,640,471,000 | 1,273,190,000 | 1,030,825,000 |
| Equity capital | 570,124,000 | 550,752,000 | 655,339,000 | 544,830,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 246,318,000 | 509,269,000 | 774,051,000 | 1,028,903,000 |
| Interest expense | 63,115,000 | 129,885,000 | 199,654,000 | 266,126,000 |
| Net interest income | 183,203,000 | 379,384,000 | 574,397,000 | 762,777,000 |
| Noninterest income | 121,691,000 | 250,236,000 | 376,946,000 | 495,981,000 |
| Noninterest expense | 196,601,000 | 391,723,000 | 562,843,000 | 754,489,000 |
| Provision for loan losses | 19,017,000 | 34,707,000 | 41,077,000 | 51,835,000 |
| Pretax income | 89,060,000 | 202,813,000 | 347,977,000 | 452,189,000 |
| Income tax | 21,652,000 | 49,476,000 | 85,169,000 | 113,751,000 |
| Net income | 67,408,000 | 153,337,000 | 262,808,000 | 338,438,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 675,823,000 | 665,947,000 | 666,403,000 | 657,099,000 |
| Total capital | 729,004,000 | 719,195,000 | 713,835,000 | 697,433,000 |
| Risk-weighted assets | 4,968,193,000 | 5,083,625,000 | 5,061,427,000 | 4,540,995,000 |