Wex Bank
Midvale, UT — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Wex Bank | All Insured Commercial Banks in Utah |
Interest and Fees on Loans | 314,261 | 144,231 |
Income from Lease Financing Receivables | — | 818 |
— | 4 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2 |
Income on Loans and Leases (TE) | 314,261 | 146,912 |
Investment Interest Income (TE) | 488 | 15,631 |
Total Interest Income (TE) | 316,328 | 170,509 |
Total Interest Expense | 9,171 | 9,414 |
Net Interest Income (TE) | 307,157 | 157,917 |
Non-Interest Income | 249,434 | 37,042 |
Adjusted Operating Income (TE) | 556,591 | 194,902 |
Non-interest Expense | 303,788 | 58,470 |
Provision for Loan & Lease Losses | 23,613 | 8,897 |
Pretax Operating Income (TE) | 229,190 | 98,475 |
Pretax Net Operating Income (TE) | 229,190 | 99,300 |
Applicable Income Taxes | 84,582 | 34,978 |
Net Operating Income | 144,608 | 63,063 |
Net Income | 144,608 | 63,059 |
Cash Dividends Declared | 121,000 | 20,004 |
Retained Earnings | 23,608 | 29,291 |