TellerScore

Headquartered in Sandy, Utah, WEX Bank is a state-chartered bank with $10.7B in total assets and $7.9B in deposits as of Q2 2026. It operates 1 office. Its charter dates back to 1998.

WEX Bank has a TellerScore of 78 out of 100 (strong) based on Q2 2026 data — higher than 93% of its 132 banks with $10 billion – $100 billion. Among 45 banks headquartered in Utah, it ranks 18th. Earnings contributes the most (100/100, 4.30%); capital cushion contributes the least (39/100, 8.93%).

TellerScore · Q2 2026

Scorecard

Capital cushion39/100
Tier 1 leverage ratio: 8.93%
Loan quality85/100
Noncurrent loans ÷ total loans: 0.44%
Earnings100/100
Return on assets (annualized): 4.30%
Funding & liquidity100/100
Loans ÷ deposits and uninsured-deposit share: 54.7% · 13.8% uninsured
Problem-loan coverage96/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 2.11%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

The score has been essentially flat from Q2 2025 to Q2 2026 (78 → 78).

TellerScore
757778Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterTellerScore
Q2 202478
Q3 202478
Q4 202475
Q1 202578
Q2 202578
Q3 202577
Q4 202575
Q1 202675
Q2 202678
Tier 1 leverage ratio
5.00%7.32%9.63%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterTier 1 leverage ratio
Q2 20249.63%
Q3 20249.38%
Q4 20249.01%
Q1 20259.29%
Q2 20259.24%
Q3 20259.24%
Q4 20259.04%
Q1 20269.13%
Q2 20268.93%
Noncurrent loans
0.44%0.60%0.76%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterNoncurrent loans
Q2 20240.55%
Q3 20240.59%
Q4 20240.74%
Q1 20250.50%
Q2 20250.49%
Q3 20250.62%
Q4 20250.76%
Q1 20260.75%
Q2 20260.44%
Return on assets
3.91%4.40%4.88%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterReturn on assets
Q2 20244.15%
Q3 20244.69%
Q4 20244.56%
Q1 20254.88%
Q2 20254.74%
Q3 20254.66%
Q4 20254.62%
Q1 20263.91%
Q2 20264.30%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202678$10.7B8.93%0.44%4.30%54.7%
Q1 202675$9.5B9.13%0.75%3.91%54.6%
Q4 202575$8.4B9.04%0.76%4.62%47.2%
Q3 202577$8.4B9.24%0.62%4.66%52.4%
Q2 202578$8.9B9.24%0.49%4.74%57.3%
Q1 202578$8.0B9.29%0.50%4.88%58.7%
Q4 202475$7.2B9.01%0.74%4.56%49.4%
Q3 202478$7.7B9.38%0.59%4.69%59.6%
Q2 202478$7.6B9.63%0.55%4.15%60.8%

132 peers · $10 billion – $100 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio8.93%
18th
Total risk-based capital13.48%
33rd
Problem loans0.44%
76th
Net charge-offs1.96%
3rd
Return on assets4.30%
99th
Net interest margin10.58%
98th
Efficiency ratio57.3%
37th
Loans to deposits54.7%
94th
Uninsured deposits13.8%
83rd
Loan-loss reserves1.29%
72nd
Texas ratio2.1%
79th

Similar-size banks in Utah

InstitutionScoreAssetsCapitalProblem loansCompare
Happen Bank, National AssociationBank Lehi, UT79 out of 100, Strong$12.5B11.0%0.82%vs
BMW Bank of North AmericaBank Salt Lake City, UT87 out of 100, Very strong$13.8B13.2%0.09%vs
Comenity Capital BankBank Draper, UT58 out of 100, Moderate$13.9B12.8%3.21%vs
Optum Bank, Inc.Bank Draper, UT93 out of 100, Very strong$21.4B13.2%0.21%vs
Sallie Mae BankBank Salt Lake City, UT74 out of 100, Strong$28.5B10.2%0.65%vs
SoFi Bank, National AssociationBank Cottonwood Heights, UT88 out of 100, Very strong$56.8B13.3%0.08%vs

Deposit insurance

Is my money safe at WEX Bank?

Yes. WEX Bank is an FDIC-insured institution (FDIC certificate #34697). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 13.8% of deposits ($1.1B) are above the $250,000 FDIC insurance limit, below the peer median of 38%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 8.93%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 13.48% (benchmark: 10%).

Check how much of your own balance is covered

1 location

Branches

WEX Bank lists 1 office in 1 city. Most locations:

All branch addresses and map

Identity & history

Profile

Legal name
WEX Bank
Former names
Wright Express Financial Services Corporation
Type
State-chartered bank
FDIC certificate #
34697
RSSD ID
2700984
Primary regulator
FDIC
Established
June 1, 1998
Headquarters
111 E Sego Lily Dr, Sandy, UT 84070
Employees
82

Quick answers

WEX Bank: common questions

Is WEX Bank FDIC insured?

Yes. WEX Bank is an FDIC-insured institution (FDIC certificate #34697). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is WEX Bank's TellerScore?

78 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has WEX Bank ever failed?

There is no failure record for FDIC certificate #34697 in the FDIC failed bank list.

How many branches does WEX Bank have?

1 office as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Sandy

InstitutionScoreAssetsCapitalProblem loansCompare
Uintah Credit UnionCredit union Vernal, UT100 out of 100, Very strong$3.9M21.3%0.00%vs
Optum Bank, Inc.Bank Draper, UT93 out of 100, Very strong$21.4B13.2%0.21%vs
Norfolk Fire Department Federal Credit UnionCredit union Norfolk, VA93 out of 100, Very strong$26.8M20.1%0.41%vs
Beckstrand and Associates Credit UnionCredit union Salt Lake City, UT93 out of 100, Very strong$166K99.9%—vs
Wiremen'S Credit UnionCredit union Parma, OH92 out of 100, Very strong$40.6M17.0%0.11%vs
Operating Engineers Local Union #3 Federal Credit UnionCredit union Livermore, CA92 out of 100, Very strong$1.7B15.5%0.60%vs