Nelnet Bank
Draper, UT·RSSD 5514409·FDIC 59205·bank:5514409·CBLR opted in
- #20 of 45Total assets in Utah
- 1offices
- 65employees
- Top 1%Loan growth in the U.S.
- Top 1%Deposit growth in the U.S.
- Top 6%Efficiency vs. peers
Performance over time
23 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
FDIC reported categories · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at Nelnet Bank
12 of 23 FORFI signals stand out against 629 similar banks, based on FDIC data for the quarter.
Leverage capital ratio rising faster than peersStrength: Capital 2nd quarter15.94%peers 10.54%+5.4 pp
Nelnet Bank's leverage ratio rose 3.1 percentage points over the past year to 15.94%. Among 629 similar banks, the median rose 0.3 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Leverage ratio | ||
| 15.94% | 10.54% | +5.4 pp |
| 12-month change | ||
| +3.1 pp | +0.3 pp | +2.8 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 629 banks with $1 billion to $3 billion in assets that filed FDIC data for the same quarter. Nelnet Bank itself is left out of every peer median and percentile. How signals work
Deposit costs among the highest of similar banksWorth a look: Funding 2nd quarter3.89%peers 1.93%+196 bps
Nelnet Bank's cost of all deposits was 3.89%, compared with a median of 1.93% among 625 similar banks: higher than 99% of them.
| This institution | Peer median | Difference |
|---|---|---|
| Cost of all deposits | ||
| 3.89% | 1.93% | +196 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 629 banks with $1 billion to $3 billion in assets that filed FDIC data for the same quarter. Nelnet Bank itself is left out of every peer median and percentile. How signals work
Loans growing faster than peersStrength: Lending+99.9%peers +5.7%+94.2 pp
Nelnet Bank's loans grew 99.9% over the past year to $1.6 billion. The median among 624 similar banks was +5.7%.
| This institution | Peer median | Difference |
|---|---|---|
| Loans, 12-month growth | ||
| +99.9% | +5.7% | +94.2 pp |
| Loans | ||
| $1.6 billion | ||
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 629 banks with $1 billion to $3 billion in assets that filed FDIC data for the same quarter. Nelnet Bank itself is left out of every peer median and percentile. How signals work
Fee and other noninterest income among the lowest of similar banksWorth a look: Earnings-0.00%peers 0.57%-57 bps
Nelnet Bank's noninterest income relative to average assets was -0.00%, compared with a median of 0.57% among 628 similar banks: lower than 99% of them.
| This institution | Peer median | Difference |
|---|---|---|
| Noninterest income relative to average assets | ||
| -0.00% | 0.57% | -57 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 629 banks with $1 billion to $3 billion in assets that filed FDIC data for the same quarter. Nelnet Bank itself is left out of every peer median and percentile. How signals work
Total assets growing faster than peersStrength: Growth+69.6%peers +5.3%+64.3 pp
Nelnet Bank's total assets grew 69.6% over the past year to $3.0 billion. The median among 629 similar banks was +5.3%.
| This institution | Peer median | Difference |
|---|---|---|
| Total assets, 12-month growth | ||
| +69.6% | +5.3% | +64.3 pp |
| Total assets | ||
| $3.0 billion | ||
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 629 banks with $1 billion to $3 billion in assets that filed FDIC data for the same quarter. Nelnet Bank itself is left out of every peer median and percentile. How signals work
7 more observations
- Reliance on CDs rising while the peer median fallsFunding
- Unrealized securities position worsening while the peer median improvesCapital
- Deposits growing faster than peersFunding
- Return on assets rising faster than peersEarnings
- Net interest margin narrowing while the peer median widensEarnings
- Net charge-offs falling while the peer median holds steadyAsset quality
- Problem loans rising faster than peersAsset quality
Key facts
- Nelnet Bank is a bank headquartered in Draper, Utah. It reported $3.0 billion in total assets for the quarter ended June 30, 2026.
- Deposits totaled $2.5 billion, up 63.5% from a year earlier, and loans totaled $1.6 billion, up 99.9%.
- Its net interest margin was 2.93% and its annualized return on assets was 1.34% for the quarter.
- Its cost of all deposits was 3.89%, compared with a median of 1.93% among 625 similar banks with $1 billion to $3 billion in assets.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With Nelnet Bank's own data, FORFI would look at: Which balance-sheet segments consume or release capital, relationship by relationship.
Analysis workspaces
Sources and identifiers
- Institution
- Nelnet Bank · Bank
- Federal Reserve RSSD
- 5514409
- FDIC certificate
- 59205
- Reporting period
- Peer group
- 629 banks with $1 billion to $3 billion in assets that filed FDIC data for the same quarter. Nelnet Bank itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
FDIC · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation | FDIC published reference |
|---|---|---|
| $9.22M | — | |
| $43.07M | — | |
| $23.58M | — | |
| $19.49M | — | |
| -$25K | — | |
| $8.07M | — | |
| -$294K | — | |
| -$249K | — | |
| 1.34% | 1.34%ROAQ · Quarter | |
| 2.93% | 2.92%NIMYQ · Quarter | |
| 41.44% | 40.04%EEFFQR · adjusted · Quarter |
Credit-quality reconciliation · Source components agree. NALNLS (nonaccrual) + P9LNLS (90+ days accruing) = NCLNLS (noncurrent).
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-25T00:32:31.073937+00:00. Separate reference provenance is included in the export.