FNMFO
Federal National Mortgage Association Fannie Mae
$184,810.50 Bn
31,500.00
+0.00%
-39.77%
Fannie Mae purchases residential mortgage loans from lenders and packages them into mortgage-backed securities for sale to investors. Its primary revenue comes from guaranty fees for assuming credit risk on these mortgage loans and net interest income from its retained mortgage portfolio.
BAC-PL
Bank Of America
$9,110.52 Bn
1,298.17
-0.08%
+5.63%
Bank of America is a globally scaled bank that holds a banking charter and takes deposits, with revenue split across retail banking, corporate banking, capital markets, and wealth management. It operates through diverse segments including Consumer Banking and Global Banking, fitting the multi-segment character of a Money Center Bank.
BSAC
Banco Santander Chile
$6,490.08 Bn
34.44
-0.43%
+41.61%
Banco Santander Chile is a chartered bank with a concentrated footprint in the Chilean market, providing core banking products such as checking and savings accounts, commercial loans, and residential mortgages. Its revenue is primarily driven by net interest income from these lending activities and deposit-related fees.
TM
2nd
Toyota Motor
$2,454.16 Bn
188.29
-0.43%
-4.82%
The company operates a financial services segment that provides wholesale financing to dealers and retail installment credit and leasing for vehicle acquisitions. This constitutes a captive finance arm providing specialized vehicle financing.
USB-PA
Us Bancorp
$1,201.26 Bn
771.00
+0.18%
-6.77%
U.S. Bancorp is a globally scaled bank that holds a banking charter and takes deposits, with revenue split across retail and commercial banking, capital markets, wealth management, and payment services. It competes directly with other money center banks like JPMorgan Chase and Bank of America.
BRK-B
Berkshire Hathaway
$1,084.84 Bn
503.19
+0.97%
+5.16%
Berkshire Hathaway operates a massive insurance underwriting business through GEICO, BH Primary, and BHRG, writing property and casualty policies. This activity is presented as a core segment that generates significant premiums and provides the 'float' used for the company's broader investment strategy.
JPM
Jpmorgan Chase
$965.61 Bn
363.26
+0.57%
+24.60%
JPMorgan Chase is a globally scaled bank that holds a banking charter and takes deposits, with revenue split across retail banking, commercial banking, capital markets, and wealth management. It operates massive segments including Consumer & Community Banking and the Commercial & Investment Bank.
V
Visa
$649.51 Bn
364.28
+1.48%
+6.28%
Visa operates VisaNet, a proprietary network that facilitates authorization, clearing, and settlement for global commerce. Its revenue is primarily derived from fees paid for processing transactions on this network, which connects financial institutions and merchants.
MA
Mastercard
$500.10 Bn
574.37
+2.14%
-1.67%
Mastercard operates a global payments network that provides switching, authorization, clearing, and settlement of payment transactions. Its primary revenue is generated from fees based on gross dollar volume on cards carrying its brands, which is the core function of a payment network.
CAT
2nd
Caterpillar
$386.71 Bn
841.23
-4.59%
+103.87%
Through Cat Financial, the company provides specialty financing, including loans and leases to customers and dealers for equipment purchases.
LYG
Lloyds Banking
$355.12 Bn
6.07
-1.46%
+34.00%
Lloyds Banking Group is a globally scaled bank with a banking charter that operates across multiple segments including retail banking, commercial banking, and wealth management. Its revenue is a mix of net interest income from lending and substantial fee income from insurance and investment services.
MS
Morgan Stanley
$342.08 Bn
217.62
-0.29%
+50.31%
Morgan Stanley is a global financial holding company that operates across multiple banking and capital markets lines, including institutional securities, wealth management, and investment management. It holds a banking charter, takes deposits, and earns interest income from loans, fitting the profile of a Money Center Bank.
RY
Royal Bank Of Canada
$297.84 Bn
212.96
-1.45%
+56.13%
Royal Bank of Canada is a globally scaled chartered bank that integrates retail and commercial banking with capital markets, wealth management, and insurance. It generates revenue from a mix of net interest income on loans and deposits, as well as substantial fee income across these diverse banking segments.
MLPR
Ubs Ag
$297.68 Bn
77.15
-0.45%
+29.73%
UBS is described as a global financial institution with a diversified suite of products including lending, investment advisory, and wealth management. It operates as a large-scale bank that generates revenue from both net interest income (loans and debt instruments) and substantial fee-based income from client services.
DGP
Deutsche Bank Aktiengesellschaft
$294.96 Bn
154.38
-2.48%
+52.79%
Deutsche Bank is a global universal bank that holds a banking charter, takes deposits, and operates across multiple banking lines including retail, corporate, investment banking, and wealth management. Its revenue is a mix of net interest income from lending and substantial fee income from its diverse global segments.
MBFJF
Mitsubishi Ufj Financial
$272.13 Bn
22.93
-4.85%
+44.30%
Mitsubishi UFJ Financial Group is a globally scaled bank holding company that operates across multiple banking lines, including retail, commercial, and transaction banking, while also integrating capital markets and wealth management. It holds banking charters through subsidiaries like MUFG Bank and earns significant revenue from net interest income on loans and deposits.
AXP
American Express
$228.47 Bn
338.47
+0.67%
+10.23%
American Express is a globally scaled bank that operates across multiple banking business lines, including retail and commercial card issuing, deposit accounts (savings and checking), and a global payment network. It holds a banking charter and takes deposits, fitting the multi-segment character of a Money Center Bank.
IBM
2nd
International Business Machines
$219.31 Bn
232.78
+1.71%
-2.79%
The Financing segment provides loans and leasing options specifically to enable clients to acquire IBM's own hardware, software, and services, acting as a captive finance arm.
BCDRF
Banco Santander
$215.05 Bn
14.64
-1.55%
+52.50%
Banco Santander is a globally scaled banking institution that operates across multiple banking business lines, including retail and commercial banking, asset management, and advisory services. It holds a banking charter, takes deposits, and generates revenue from a mix of net interest income and substantial fee income.
TD
Toronto Dominion Bank
$201.58 Bn
121.99
-1.90%
+65.05%
Toronto Dominion Bank is a globally scaled institution with a banking charter that integrates retail and commercial banking with capital markets, wealth management, and insurance. It generates revenue from net interest income on deposits and loans alongside substantial fee income from its diversified wholesale and wealth segments.
SCHW
Schwab Charles
$193.15 Bn
111.69
+0.97%
+16.14%
Schwab is a savings and loan holding company that operates a banking business with 2.2 million accounts and generates significant net interest income. It is a globally scaled institution that combines retail and commercial banking with capital markets, wealth management, and custody services.
HPE-PC
2nd
Hewlett Packard Enterprise
$189.35 Bn
143.09
-3.53%
+133.73%
The Financial Services segment provides non-bank financing, leasing, and asset management services to support the deployment of technology hardware and software.
BLK
BlackRock
$179.07 Bn
1,155.30
+0.67%
+1.69%
BlackRock is the world's largest investment management firm, managing active and index strategies, ETFs (iShares), and mutual funds for institutional and retail clients. Its primary revenue is generated through investment management fees calculated as a percentage of assets under management.
UBS
UBS Group AG
$177.00 Bn
52.97
-0.90%
+33.46%
UBS is a globally scaled universal bank that holds a banking charter and takes deposits, with revenue split across retail/corporate banking, wealth management, asset management, and investment banking. It operates as Switzerland's leading universal bank and provides a comprehensive suite of banking and capital markets services.
QCOM
2nd
Qualcomm
$169.32 Bn
160.19
-1.23%
+0.81%
Through its QSI segment and Qualcomm Ventures, the company makes strategic investments in early-stage companies across AI, 5G, and automotive sectors, holding equity securities and convertible debt.
SMFNF
Sumitomo Mitsui Financial
$169.25 Bn
44.22
-0.54%
+52.80%
Sumitomo Mitsui Financial Group is a globally scaled financial group that holds a banking charter and takes deposits, with revenue split across retail banking, commercial banking, capital markets, and wealth management. Its operations span wholesale, retail, and global business units, fitting the multi-segment character of a money center bank.
BBVA
Banco Bilbao Vizcaya Argentaria
$160.57 Bn
28.77
-0.17%
+50.87%
BBVA is a globally scaled bank with a banking charter that takes deposits and operates across multiple segments including retail, commercial, corporate and investment banking, and wealth management. Its revenue is a mix of net interest income from lending and substantial fee income from its diversified global operations in Spain, Mexico, Turkey, and South America.
DE
2nd
Deere
$158.90 Bn
588.64
-1.87%
+19.85%
Through its Financial Services segment, Deere provides non-bank financing, including retail notes, revolving charge accounts, and leases to support the sale of its equipment to dealers and end-users.
COF
Capital One Financial
$158.17 Bn
221.49
+0.01%
+2.45%
Capital One is a globally scaled bank that holds a banking charter (Capital One National Association) and takes deposits, while operating across multiple banking segments including retail, commercial banking, and capital markets. Its revenue is a mix of net interest income from lending and substantial fee income from its credit card and payment network businesses.
HMC
2nd
Honda Motor
$144.83 Bn
31.95
+0.16%
-5.97%
Honda operates a Financial services business that provides retail lending, leasing to customers, and wholesale financing to dealers to support the sale of its vehicles.
GLD
Spdr Gold Trust
$140.28 Bn
398.51
-1.72%
+29.83%
The company operates as an investment trust that manages a portfolio of physical gold bullion to provide investors with exposure to gold prices. It functions as an ETF-like vehicle where the core activity is the management of a pooled investment asset for institutional and retail clients.
CB
Chubb
$133.15 Bn
345.28
+1.28%
+26.51%
Chubb is one of the largest global property and casualty insurers, generating the majority of its revenue from P&C underwriting income across commercial, personal, and agricultural lines. It provides coverage for property damage and liability risks, including specialized lines such as directors and officers, aviation, and energy.
SPGI
S&P Global
$123.26 Bn
418.10
+1.85%
-24.15%
S&P Global's core business is the production and licensing of financial data, credit ratings, and indices. This is evidenced by its S&P Global Ratings segment, which provides credit ratings on debt issuers, and S&P Dow Jones Indices, which provides valuation and index benchmarks for institutional investors.
CM
Canadian Imperial Bank Of Commerce
$111.27 Bn
121.64
-1.47%
+64.82%
CIBC is a large, globally scaled chartered bank that takes deposits and operates across multiple banking lines, including retail, commercial, wealth management, and capital markets. Its revenue is a mix of net interest income from loans and substantial fee income from its diversified segments.
BNY
Bank of New York Mellon
$111.21 Bn
163.91
-0.23%
+61.11%
The company is a global leader in the custody market, generating significant revenue from the safekeeping of securities, fund administration, and accounting for institutional investors like pension funds and insurance companies.
XHG
XChange TEC.INC
$107.54 Bn
4.28
+9.46%
+239.68%
XChange TEC. INC acts as an intermediary that facilitates the sale of insurance policies from 24 insurance companies to end consumers. It generates revenue primarily through commissions received from these insurance companies and explicitly does not underwrite risk itself.
ADP
2nd
Automatic Data Processing
$107.13 Bn
269.31
+1.22%
-11.02%
ADP earns revenue from investment management services offered to retirement plan clients, managing these assets as part of its retirement administration offerings.
BX
Blackstone
$105.81 Bn
140.59
+0.01%
-16.92%
Blackstone is described as the world's largest alternative asset manager, managing pooled capital across private equity, infrastructure, and hedge funds. Its revenue model is based on management fees and performance revenues (carried interest) from these illiquid and non-public strategies.
ING
Ing Groep
$102.13 Bn
35.47
-0.48%
+43.66%
ING is a globally scaled universal bank with a banking charter that takes deposits and operates across multiple banking lines, including retail, commercial, and wholesale banking. Its revenue is a mix of net interest income from lending and substantial fee income from wealth management, capital markets, and transaction banking.
PNC
Pnc Financial Services
$101.45 Bn
254.29
-0.11%
+32.44%
PNC is a globally scaled bank with a banking charter that takes deposits ($440.9 billion) and operates across multiple banking lines including retail, corporate, and institutional banking. Its revenue is a mix of net interest income from loans and substantial fee income from wealth management and capital markets.
CME
Cme
$97.56 Bn
271.54
+1.37%
+0.42%
CME Group operates multiple exchanges for futures, options, and cash markets, and serves as a central counterparty clearing provider. Its revenue is primarily driven by trading and clearing fees from contracts executed on its exchanges and cleared through its clearing house.
KKR
Kkr
$96.21 Bn
107.17
-1.55%
-24.10%
KKR is a leading global alternative asset manager that manages pooled capital across Private Equity, Real Assets, and Credit and Liquid Strategies. It generates revenue through management fees and carried interest from institutional and high-net-worth investors.
INTU
2nd
Intuit
$95.85 Bn
350.41
+4.41%
-51.14%
Through Credit Karma, Intuit provides consumers with credit scores, credit monitoring, and tools to support credit building, which matches the activity of selling credit and identity data.
MRSH
Marsh & Mclennan Companies
$89.10 Bn
186.41
+1.19%
-10.23%
The company's largest revenue driver is its Risk and Insurance Services segment, specifically Marsh Risk and Guy Carpenter, which act as intermediaries providing insurance and reinsurance broking. They earn revenue through brokerage commissions paid by insurers and reinsurers for placing policies and treaty/facultative reinsurance.
ICE
Intercontinental Exchange
$87.59 Bn
156.13
+1.12%
-12.26%
The company operates regulated marketplaces for the listing, trading, and clearing of derivatives and securities, including the New York Stock Exchange and global futures networks. It generates significant revenue from transaction fees, listing fees, and clearing services.
BAM
Brookfield Asset Management
$84.34 Bn
51.48
-2.09%
-15.92%
Brookfield Asset Management is a global alternative asset manager that manages pooled capital in illiquid strategies including private equity, infrastructure, real estate, and private credit. It earns revenue through base management fees and performance income such as carried interest from institutional and high-net-worth investors.
MCO
Moodys
$84.14 Bn
485.79
+1.78%
-4.60%
Moody's operates as a global risk assessment firm providing credit ratings, research, and economic analysis. Its Moody's Investors Service segment earns significant revenue from issuing credit ratings on debt securities and providing financial instruments pricing.
HOOD
Robinhood Markets
$82.29 Bn
91.53
-4.90%
-20.42%
Robinhood provides a digital platform for individual investors to trade stocks, ETFs, and options. Its primary revenue is generated from payment for order flow (PFOF) and margin interest from retail users managing their own portfolios.
ITUB
Itau Unibanco Holding
$80.17 Bn
7.27
-1.22%
+7.39%
Itaú Unibanco is a globally scaled bank with a banking charter that integrates retail and commercial banking with capital markets, wealth management, and card issuing. Its revenue is a mix of net interest income from loans and substantial fee income across these diversified banking segments.
APO
Apollo Global Management
$77.10 Bn
133.86
-0.50%
-3.97%
Apollo is a global alternative asset manager that manages pooled capital across credit and equity strategies for institutional investors, sovereign wealth funds, and high-net-worth individuals. It generates revenue through management fees on assets under advisory and performance-related income (carried interest).
TRV
Travelers Companies
$76.78 Bn
368.07
+0.97%
+38.94%
The company is a holding company that provides commercial and personal property and casualty insurance, including workers compensation, commercial automobile, and homeowners insurance. It generates revenue primarily from net written premiums collected on these policies.
UPS
2nd
United Parcel Service
$76.37 Bn
101.96
-0.06%
+17.86%
UPS sells insurance offerings specifically designed to protect shipments against loss or damage, taking on the risk of financial loss for these insured events.
MFC
Manulife Financial
$73.79 Bn
44.03
-0.52%
+43.70%
Manulife is one of the largest life insurers in North America and generates primary revenue through insurance premiums from life, health, and disability insurance and annuity products. It provides these services across its Asia, Canada, and U.S. segments to individuals and employer groups.
AON
Aon
$72.80 Bn
343.21
-1.19%
-6.07%
Aon operates as a leading global insurance broker, earning revenue from commissions and fees for placement services from insurance and reinsurance carriers. Its Commercial Risk Solutions and Reinsurance Solutions segments focus on brokerage and consulting to help clients manage risk transfer.
NU
Nu Holdings
$69.40 Bn
14.36
-2.58%
+7.73%
Nu Holdings operates as a large-scale digital bank holding a banking charter that takes deposits and offers a diversified suite of banking services including retail and SME credit, savings accounts, and payment services. Its scale as the largest private financial institution in Brazil and its multi-segment revenue from net interest income and fees across retail and commercial banking qualify it as a Money Center Bank.
MZHOF
Mizuho Financial
$68.60 Bn
55.10
+0.13%
+82.45%
Mizuho is a 'mega bank' that holds a banking charter and takes deposits, with revenue split across retail and commercial banking, capital markets, and wealth management. It operates diversified segments including Retail & Business Banking and Global Corporate & Investment Banking.
PCAR
2nd
Paccar
$67.39 Bn
128.02
-2.16%
+30.13%
The company operates a Financial Services segment that provides retail loans, leases, and dealer inventory financing specifically for its commercial truck equipment. This captive finance arm accounts for roughly 8% of total net sales and 51% of total assets.
ALL
Allstate
$66.34 Bn
261.19
+1.21%
+26.12%
Allstate is one of the largest personal lines insurers in the US, underwriting private passenger auto, homeowners, and commercial property and casualty insurance. Its primary revenue is generated from insurance premiums earned through these underwriting activities.
AJG
Arthur J. Gallagher
$63.66 Bn
248.38
+0.17%
-15.66%
The company operates a massive brokerage segment providing insurance and reinsurance brokerage services to commercial, nonprofit, and public sector entities. It generates revenue primarily through commissions and fees for placing various lines of insurance, such as aviation, general liability, and cyber liability, without underwriting the risk itself.
MET
Metlife
$61.72 Bn
96.77
+0.06%
+24.48%
MetLife generates its primary revenue from insurance premiums collected on life and annuity policies. Its Retirement and Income Solutions segment specifically provides life and annuity based insurance products, including institutional income annuities and pension risk transfers.
AFL
Aflac
$61.13 Bn
121.72
+0.62%
+15.09%
Aflac underwrites supplemental insurance policies covering accident, disability, critical illness, hospital indemnity, dental, and vision risks. It generates revenue from premiums paid by policyholders for these property and liability-style health and accident events.
WPM
Wheaton Precious Metals
$60.27 Bn
132.70
-2.90%
+42.09%
Wheaton operates as a streaming and royalty company, which is a form of alternative asset management where it provides upfront capital to mining companies in exchange for the right to purchase future production at a discount. This is a non-public, illiquid financing strategy that earns returns through the spread between the fixed purchase price and the market sale price of the metals.
O
2nd
Realty Income
$58.89 Bn
62.24
-0.29%
+7.55%
The company maintains a credit investment segment where it earns income from loan and preferred equity investments. These non-bank financing activities represent a substantive business line used to generate additional yield and hedge against interest rates.
PSA
2nd
Public Storage
$56.75 Bn
323.12
-0.37%
+15.17%
The company provides bridge lending financing to third-party self-storage owners, with a reported bridge loan receivable balance of $142.1 million.
GGAL
Grupo Financiero Galicia
$55.81 Bn
42.12
-2.99%
-14.44%
Grupo Financiero Galicia is a large-scale financial platform that holds a banking charter through Banco Galicia and takes deposits. Its revenue is split across multiple banking and financial lines, including retail and wholesale banking, credit cards (Tarjetas Regionales), asset management (Galicia Asset Management), and insurance (Sudamericana Holding).
NDAQ
Nasdaq
$54.35 Bn
96.71
+0.03%
+2.51%
Nasdaq operates 19 exchanges covering equities, options, fixed income, and commodities, earning revenue from trading, clearing, and settlement fees. It provides the venue and plumbing for financial instruments to be listed and traded, which is the core definition of an exchange.
PYPL
2nd
PayPal Holdings
$52.09 Bn
60.43
-0.07%
-13.09%
Through its Consumer segment and Venmo, PayPal enables users to send and receive money between friends and family and generates revenue from foreign currency conversions and instant transfers.
FITB
Fifth Third Bancorp
$51.95 Bn
57.30
-0.52%
+33.97%
Fifth Third Bancorp is a chartered bank holding company with a deposit and lending franchise concentrated in the Midwestern and Southeastern United States. It generates primary revenue from interest income on loans and deposit fees, offering core products like checking and savings accounts to retail and commercial customers.
HBANL
Huntington Bancshares
$50.69 Bn
25.09
-0.12%
-2.56%
Huntington Bancshares is a regional bank holding company operating in the Midwest (Ohio, Michigan, Pennsylvania, etc.) that provides core banking products including checking and savings accounts, commercial loans, and residential mortgages. Its revenue is primarily driven by net interest income on loans and investments and deposit fees.
ARES
Ares Management
$50.54 Bn
140.32
-0.75%
-25.86%
Ares Management is a global alternative investment manager that manages pooled capital across private equity, private credit, and real assets for institutional and high-net-worth investors. Its revenue is primarily derived from management fees and performance-based fees such as carried interest.
FRFHF
Fairfax Financial Holdings
$50.00 Bn
1,647.00
+0.89%
-5.30%
Fairfax operates a Property and Casualty Insurance segment that underwrites commercial property, liability, automobile, and specialty coverages for businesses and individuals. This is a core driver of its revenue through premiums collected from policyholders.
AMP
Ameriprise Financial
$49.66 Bn
562.22
+0.01%
+11.19%
The company's leading position is based on its large advisor franchise of over 10,000 financial advisors providing personalized financial planning and advice to retail clients. This is a core business line generating fee-based advisory fees from individuals and households.
IBIT
iShares Bitcoin Trust ETF
$47.63 Bn
36.60
+0.49%
-44.59%
The company is an ETF designed to manage a portfolio of bitcoin on behalf of clients, charging a management fee of 0.25 percent of net asset value. It functions as a pooled investment vehicle where the core activity is providing investors exposure to an asset through a managed security.
BMA
Macro Bank
$45.19 Bn
76.01
-3.54%
+7.24%
Banco Macro S.A. is a chartered bank in Argentina that takes deposits and provides loans to individuals and companies within a specific regional footprint. Its core revenue is derived from net interest income on savings and checking accounts, personal loans, and corporate loans.
FNV
Franco Nevada
$44.91 Bn
232.87
-2.45%
+32.27%
Franco-Nevada operates as a royalty and streaming company, managing a portfolio of cash-flow producing assets and providing capital to mining operations in exchange for a share of production. This matches the profile of an alternative asset manager managing illiquid, real-asset strategies for the purpose of generating returns from commodity production.
ORXCF
Orix
$44.85 Bn
39.90
-3.83%
+55.49%
ORIX's core revenue is generated from interest and fee income from its extensive leasing and lending portfolios, specifically automobile, equipment, aircraft, and ship finance. These activities are conducted as non-bank financing in specialized niches, fitting the description of Specialty Finance.
SLF
Sun Life Financial
$44.57 Bn
80.45
-0.35%
+37.83%
Sun Life Financial is primarily an insurance organization that underwrites individual and group life insurance and sells annuity products. It generates significant revenue from insurance premiums and manages long-duration liabilities associated with these contracts across its Canada, Asia, and US segments.
PRU
Prudential Financial
$42.96 Bn
124.52
-0.05%
+16.79%
Prudential operates multiple insurance segments, including Individual Life and International Businesses, which sell variable, universal, and term life insurance and annuity products. It generates significant revenue from premiums, policy charges, and investment income from assets supporting these customer liabilities.
PAYX
2nd
Paychex
$42.65 Bn
119.93
+1.17%
-12.82%
The company operates an insurance brokerage business, providing insurance solutions and brokerage services to its clients as a substantive revenue stream.
KB
KB Financial
$42.18 Bn
117.62
-2.24%
+50.29%
KB Financial Group is a large-scale financial holding company that operates a chartered bank (Kookmin Bank) and is materially diversified across retail/commercial banking, capital markets (KB Securities), wealth management (KB Asset Management), and insurance (KB Insurance and KB Life Insurance).
MSCI
Msci
$40.98 Bn
563.72
+2.37%
+1.45%
MSCI provides research-based data, analytics, and index families (such as equity, fixed income, and thematic indexes) to global investors. Its revenue is derived from recurring subscriptions and asset-based fees for these indices and risk analytics tools like Barra and RiskMetrics.
DHI
2nd
Horton D R
$40.90 Bn
145.70
-1.77%
-11.78%
The company operates a financial services segment through DHI Mortgage, which earns fees from mortgage origination.
IBKR
Interactive Brokers
$40.86 Bn
90.56
-4.00%
+42.30%
Interactive Brokers provides an automated platform for individual investors to buy and sell stocks, options, futures, and ETFs, earning revenue from commissions, margin interest, and account fees. The profile explicitly identifies its competition as discount brokerages like Charles Schwab and ETRADE.
KIM-PN
2nd
Kimco Realty
$40.82 Bn
60.90
-1.54%
+1.52%
The company provides real estate financing services and preferred equity capital specifically to retailers, which constitutes a non-bank commercial lending activity.
AIG
American International
$39.95 Bn
76.13
+0.40%
-5.29%
AIG earns the majority of its revenue from insurance premiums across its North America Commercial, International Commercial, and Global Personal segments. It underwrites property, casualty, financial lines, and global specialty risks (marine, aviation, energy) for individuals and multinational corporations.
RKT
Rocket Companies
$39.68 Bn
13.99
-3.52%
-21.54%
Rocket Mortgage is the company's flagship business and the nation's largest mortgage originator and servicer. The company generates its primary revenue from the gain on sale of mortgage loans and loan servicing income.
COIN
2nd
Coinbase Global
$38.57 Bn
146.23
-2.87%
-54.41%
The company operates multiple trading venues, including Coinbase Exchange and Coinbase International Exchange, where it facilitates the trading, custody, and settlement of digital assets for both retail and institutional clients.
HIG
Hartford Insurance
$37.64 Bn
138.96
+1.69%
+7.09%
The company's primary revenue is generated through insurance premiums from property and casualty policies, including workers compensation, general liability, commercial property, and homeowners insurance. It operates dedicated Business Insurance and Personal Insurance segments that underwrite these risks directly for business and individual customers.
MTB
M&T Bank
$36.32 Bn
251.52
-0.54%
+31.91%
M&T Bank operates as a regional bank with a branch and ATM network concentrated in the Northeast and Mid-Atlantic regions. It generates revenue primarily through net interest income from retail and commercial loans, as well as deposits from individual and business customers.
NTRS
Northern Trust
$34.88 Bn
190.58
-0.46%
+50.00%
Northern Trust's Asset Servicing segment is a core driver of its business, providing global custody, fund administration, and securities lending to institutional investors like pension funds and sovereign wealth funds, with $17.4 trillion in assets under custody/administration.
BAP
Credicorp
$34.76 Bn
368.31
-2.59%
+45.45%
Credicorp operates as a financial services holding company with a massive banking charter through BCP, providing retail and wholesale banking, loans, and deposits. It fits F-02 because it is nationally/regionally scaled and materially diversified across banking, wealth management, insurance, and capital markets.
RJF
Raymond James Financial
$34.46 Bn
179.34
-0.11%
+9.11%
Raymond James is a financial holding company that holds a banking charter and takes deposits through its Bank segment, while simultaneously operating material businesses in capital markets, wealth management, and asset management. This multi-segment character combined with its banking charter fits the definition of a Money Center Bank.
RPRX
Royalty Pharma
$34.35 Bn
59.69
+0.40%
+66.17%
Royalty Pharma operates as a non-bank commercial lender/financier that originates and holds specialized assets (biopharmaceutical royalties) on its own balance sheet. It generates revenue from royalty receipts and milestones from partners like Vertex and GSK, funded by its own capital deployment rather than retail deposits.
STRF
2nd
Strategy
$33.76 Bn
95.91
-0.12%
-16.05%
The company operates a Bitcoin Treasury business where it issues preferred stock and 'digital credit' instruments to provide investors exposure to its holdings. This involves structuring novel fixed-income and credit instruments to generate value from its balance sheet.
CFG
Citizens Financial
$31.05 Bn
73.46
-1.16%
+51.34%
Citizens Financial operates as a regional bank with over 1,000 branches across 14 states, providing core banking products like checking, savings, and commercial loans. Its revenue is primarily driven by net interest income from its loan and lease portfolio and interest-bearing deposits.
EXR
2nd
Extra Space Storage
$31.03 Bn
146.89
-0.01%
+7.33%
Through a wholly owned subsidiary, the company operates a tenant reinsurance segment that assumes risk for loss of goods stored by tenants and collects premiums.
WTW
Willis Towers Watson
$30.45 Bn
327.90
+0.56%
-0.51%
The company operates a 'Risk & Broking' segment that provides insurance brokerage and risk advice to clients ranging from small businesses to multinational corporations. It generates revenue through commissions and fees for placing insurance and managing risk, acting as an intermediary between buyers and carriers.
CBOE
Cboe Global Markets
$30.41 Bn
290.88
-1.58%
+18.26%
Cboe operates as a global derivatives and securities exchange network, running the largest options exchange and the third largest equities exchange operator in the U.S. Its primary revenue is generated from transaction and clearing fees on its exchanges, as well as listing fees for exchange traded products.
AGNCN
AGNC Investment
$30.20 Bn
25.94
+0.08%
+0.66%
AGNC Investment Corp. is a REIT whose assets are mortgage-backed securities rather than physical buildings, specifically investing in Agency residential mortgage-backed securities. Its revenue is derived from the net interest spread on these levered mortgage portfolios and realized gains from hedging activities.
GLDM
World Gold Trust
$29.42 Bn
85.96
-1.69%
+30.22%
World Gold Trust operates as a grantor trust that manages a portfolio of gold bullion on behalf of its shareholders, charging expenses for administration and custody. Its core activity is providing investors with a vehicle to gain exposure to the price of gold, which aligns with the asset management function of managing investment portfolios for clients.
LPLA
LPL Financial Holdings
$29.03 Bn
368.73
+0.14%
+3.86%
LPL operates as the nation's largest independent broker-dealer, generating significant revenue from commission revenue on trades, mutual fund distributions, and annuity sales. Its core business is providing a platform for over 32,000 financial advisors to facilitate the buying and selling of securities for individual investors.
NMR
Nomura Holdings
$28.00 Bn
9.65
-1.63%
+30.05%
Nomura Holdings is a globally scaled financial group that holds banking charters (Nomura Bank Luxembourg S A) and integrates multiple banking and capital markets lines, including retail/wealth management, wholesale banking, and investment banking.
FISV
2nd
Fiserv
$27.50 Bn
51.72
-0.94%
-62.26%
Fiserv operates and provides access to payment networks such as Accel, STAR, and MoneyPass, which function as the rails for authorizing and settling electronic payments.
IAU
Ishares Gold Trust
$27.27 Bn
81.70
-1.70%
+30.01%
The trust operates as an exchange-traded product that manages a portfolio of gold on behalf of retail and institutional investors. It charges a sponsor fee of 0.25% of net asset value, which is a typical management fee structure for asset management vehicles.
RF
Regions Financial
$27.01 Bn
31.70
-0.03%
+23.39%
Regions Financial operates as a regional bank with a strong deposit franchise concentrated in the South, Midwest, and Texas. Its core revenue is derived from net interest income on loans and deposits through its subsidiary, Regions Bank.
KEY-PI
Keycorp
$27.00 Bn
25.30
+0.00%
+1.61%
KeyCorp operates as a bank holding company for KeyBank, providing checking, savings, and lending services across a 15-state branch footprint. Its revenue is primarily driven by net interest income from loans and investments and deposit fees.
EVR
Evercore
$26.81 Bn
298.66
-1.50%
-1.96%
Evercore's primary revenue (98%) comes from its Investment Banking & Equities segment, which provides strategic advisory on mergers, acquisitions, divestitures, and capital raising (IPOs, debt offerings). The firm specifically earns fees from advisory, underwriting, and capital markets transactions for corporations and financial sponsors.
CPAY
2nd
Corpay
$26.72 Bn
407.02
-0.14%
+28.60%
The company explicitly provides cross border payments as part of its Corporate Payments segment to help businesses streamline vendor payments globally.
CINF
Cincinnati Financial
$26.30 Bn
171.35
+0.17%
+14.39%
The company's main business is property casualty insurance, providing coverage for business property, liability, automobiles, and homeowners. In 2025, its commercial and personal lines segments contributed the vast majority of its consolidated total revenues.
SYF
Synchrony Financial
$26.19 Bn
80.58
-0.21%
+12.24%
Synchrony Financial originates and services consumer credit products, specifically credit cards and consumer installment loans, for individual consumers. Its revenue is primarily derived from interest and fees on these loans and interchange revenue, and it does not operate as a deposit-taking bank.
AVB
2nd
Avalonbay Communities
$26.11 Bn
184.06
+0.00%
-3.42%
The company earns income from its Structured Investment Program, which provides mezzanine loans and preferred equity to third-party developers.
WRB
Berkley W R
$26.05 Bn
70.20
+0.57%
-0.43%
W. R. Berkley is a leading insurance holding company that underwrites property and casualty insurance, including general liability, professional liability, and workers' compensation. It generates revenue primarily through premiums collected from these commercial and specialty personal lines policies.
ISMCF
iShares S&P GSCI Commodity-Indexed Trust
$24.98 Bn
802.05
-0.34%
+20.93%
The trust operates as a pooled investment vehicle (an ETF) that manages a portfolio of index futures to track the S&P GSCI Total Return Index for its investors. It is managed by BlackRock Fund Advisors, which acts as the commodity trading advisor making the investment decisions for the fund.
TW
Tradeweb Markets
$24.69 Bn
105.47
+0.29%
-18.09%
Tradeweb operates electronic marketplaces and trading venues for fixed income, equities, and money markets, providing the plumbing for trade execution. It generates revenue through transaction-based fees and listing/access fees from institutional, wholesale, and retail clients.
AFRM
Affirm Holdings
$24.63 Bn
73.56
-1.29%
-5.98%
Affirm originates and services consumer installment loans and buy now pay later (BNPL) products, generating revenue from interest income on these loans. It extends credit directly to consumers across the credit spectrum, from near prime to subprime borrowers.
PFG
Principal Financial
$24.28 Bn
113.14
+0.15%
+45.61%
Principal Financial's core business involves managing wealth and retirement savings through mutual funds, individual variable annuities, and a dedicated Principal Asset Management division that serves institutional and retail investors.
PHM
2nd
Pultegroup
$23.63 Bn
126.05
-1.90%
-1.68%
The company operates a financial services segment that originates mortgage loans for homebuyers and sells those loans to secondary market investors.
AER
2nd
AerCap Holdings
$23.52 Bn
149.62
-0.52%
+30.64%
The company operates as a non-bank financial entity providing specialized aircraft and helicopter leasing, including finance leases and purchase and leaseback arrangements through its Milestone subsidiary.
FICO
2nd
Fair Isaac
$23.32 Bn
1,079.58
+1.42%
-20.04%
The company's 'Scores segment' generates a significant portion of revenue by selling the FICO Score, which is the 'standard measure of US consumer credit risk,' to consumer reporting agencies and individual consumers.
VRSK
Verisk Analytics
$23.28 Bn
178.86
+1.84%
-32.68%
Verisk sells financial data, predictive analytics, and decision support tools for rating and underwriting to insurance carriers and reinsurers. Its revenue is primarily generated from annual subscriptions for these data and analytics solutions.
L
Loews
$22.99 Bn
112.48
+0.07%
+18.91%
Loews Corporation's primary revenue is generated through CNA Financial Corporation, which provides commercial property and casualty insurance, including surety and warranty products, to businesses and professionals.
FCNCA
First Citizens Bancshares
$22.93 Bn
2,207.67
-1.80%
+14.34%
First Citizens BancShares operates as a bank holding company with a primary subsidiary, First Citizens Bank & Trust Company, that maintains an extensive branch network and takes deposits to fund loans. It is specifically identified as a top bank by deposit market share in North Carolina and South Carolina, fitting the profile of a regional bank.
BRO
Brown & Brown
$22.90 Bn
69.38
+0.74%
-26.93%
Brown & Brown primarily acts as an agent or broker, generating the majority of its revenue through commissions and fees earned from placing insurance policies for commercial, public, and individual clients. The profile explicitly states that the company primarily markets and sells insurance products and does not assume underwriting risk in its core brokerage activities.
SOFI
SoFi Technologies
$22.79 Bn
17.66
-3.55%
-27.12%
SoFi operates as a diversified digital bank with a banking charter, offering a wide range of services including checking and savings accounts (SoFi Money), lending (personal, student, and home loans), and investment services (SoFi Invest). Its revenue model is a mix of net interest income from its loan books and substantial fee income across multiple banking and financial segments.
MKL
Markel
$22.51 Bn
1,817.06
+1.05%
-5.48%
Markel Insurance is the cornerstone business, providing specialized property and casualty insurance products and generating $9.353 billion in operating revenues. The company underwrites risk across various industry classes including construction, energy, and healthcare.
DKNG
2nd
DraftKings
$22.47 Bn
24.04
-4.98%
-47.40%
The company operates a Digital Lottery Courier business that facilitates the purchase of state lottery tickets for customers, earning revenue from service fees and commissions for transmitting these funds and orders.
LEN
2nd
Lennar
$22.35 Bn
84.94
-1.83%
-35.37%
The company operates a Financial Services segment that originates residential mortgage loans through Lennar Mortgage, LLC, originating approximately 55,900 loans totaling $20.0 billion in fiscal 2025.
SLV
iShares Silver Trust
$22.25 Bn
57.43
-3.58%
+66.22%
The Trust operates as an exchange-traded product that manages a portfolio of physical silver bullion on behalf of investors. It earns revenue through a management fee (0.50% of net asset value) for providing this investment vehicle to retail and institutional clients.
FTAI
2nd
FTAI Aviation
$21.71 Bn
211.50
-7.00%
+48.46%
The company's Aviation Leasing segment owns and manages a portfolio of commercial aircraft and engines which it leases to third parties, a core activity of specialty finance for aviation assets.
EFX
Equifax
$21.39 Bn
181.88
+2.84%
-25.95%
Equifax is a leading global credit bureau that collects and sells consumer and commercial credit files, credit scores, and identity data. Its USIS and International segments generate significant revenue from selling consumer credit information and reports to financial institutions, lenders, and resellers.
BCH
Bank Of Chile
$20.76 Bn
41.10
+0.10%
+39.23%
Banco de Chile is a chartered commercial bank whose operations are concentrated in Chile, providing core banking products such as checking and savings accounts, commercial loans, and residential mortgages. Its revenue is primarily driven by net interest income from these lending activities and deposit-related fees.
SNX
2nd
Td Synnex
$20.76 Bn
259.59
-1.64%
+75.96%
The company generates revenue from financing arrangements extended to resellers and end users, including third-party leasing, floor plan financing, and device-as-a-service offerings.
SNA
2nd
Snap-on
$20.47 Bn
395.66
-1.38%
+22.42%
Through its Financial Services segment and Snap-on Credit LLC, the company provides specialty financing, including installment sales, lease contracts, and business loans specifically for the purchase of its tools and equipment.
TPG
Tpg
$20.34 Bn
52.02
+0.48%
-16.70%
TPG is a global alternative asset manager that manages pooled capital across private equity, credit, and real estate for institutional investors. It generates revenue through management fees and performance allocations (carried interest) on these illiquid, non-public strategies.
NLY-PJ
Annaly Capital Management
$19.57 Bn
26.08
-0.04%
+2.80%
Annaly is a real estate investment trust (REIT) whose assets consist of mortgage-backed securities, residential whole loans, and mortgage servicing rights rather than physical buildings. Its revenue is derived from the net interest spread between the yield on these mortgage assets and its financing costs.
RGLD
Royal Gold
$19.51 Bn
230.43
-2.62%
+34.32%
Royal Gold operates as a non-bank commercial lender in a specialized niche, providing upfront financing to mine operators in exchange for future metal production or revenue shares. Its revenue is derived from the interest-like returns of these streaming and royalty contracts, funded by its own balance sheet rather than retail deposits.
BR
2nd
Broadridge Financial Solutions
$19.37 Bn
169.88
+1.16%
-34.68%
Broadridge provides back-office and middle-office services to the investment management industry, including portfolio order management, compliance, fee billing, and risk management for hedge funds and traditional asset managers.
EWBC
East West Bancorp
$18.51 Bn
135.07
-0.33%
+32.23%
East West Bancorp operates as a regional bank with a concentrated footprint in Southern California and Asia, providing core banking products including checking and savings accounts, commercial and industrial loans, and residential mortgages. Its revenue is primarily driven by net interest income from its $56.1 billion loan portfolio and $67.1 billion in deposits.
ZTO
2nd
ZTO Express (Cayman)
$18.27 Bn
23.10
+0.87%
+14.30%
The company provides financial services to its qualified network partners, specifically offering loans and financing arrangements as a distinct revenue stream.
OWL
Blue Owl Capital
$18.07 Bn
11.59
-0.52%
-39.54%
Blue Owl Capital is a global alternative asset manager that manages pooled capital across Credit, GP Strategic Capital, and Real Assets platforms. Its revenue is derived from management fees on fee-paying assets under management and performance-based fees such as carried interest.
WF
Woori Financial
$17.25 Bn
70.61
-1.40%
+32.38%
Woori Financial Group is a large-scale financial holding company that holds banking charters and takes deposits through Woori Bank. Its revenue is split across multiple banking and financial lines, including retail and commercial banking, investment banking, asset management, and life insurance.
BEN
Franklin Resources
$17.25 Bn
33.99
-0.58%
+35.63%
Franklin Resources is a global investment management organization that manages approximately $1.6 trillion in assets under management. It generates revenue primarily from investment management fees calculated as a percentage of AUM for its equity, fixed income, and multi-asset strategies.
FUTU
Futu Holdings
$17.18 Bn
108.58
-0.84%
-37.21%
Futu operates an online securities brokerage platform where retail investors buy and sell stocks, derivatives, funds, and bonds. Its primary revenue is generated from securities brokerage commissions and handling charges on trades executed through its platforms.
CG
Carlyle
$17.09 Bn
48.37
-0.35%
-23.77%
Carlyle is a global investment firm that manages pooled alternative investment capital across private equity, credit, and fund-of-funds strategies. It generates revenue through management fees and carried interest from institutional and high-net-worth investors.
CRCL
Circle Internet
$17.08 Bn
71.75
-3.91%
-49.32%
Circle's core business is the issuance and management of digital assets, specifically the USDC and EURC stablecoins, and providing institutional minting, redemption, and custody services through Circle Mint. These activities center on the intermediation and safekeeping of digital assets for a global customer base of financial institutions and enterprises.
FLG-PU
Flagstar Bank, National Association
$16.69 Bn
40.02
+1.09%
+0.60%
Flagstar Bank is a chartered national banking association that takes deposits and provides commercial and industrial loans, checking and savings accounts, and consumer credit. Its operations are concentrated in specific regional footprints including the New York/New Jersey metropolitan area, the upper Midwest, Florida, and the West Coast.
NVR
2nd
Nvr
$16.67 Bn
6,256.63
-0.94%
-23.25%
Through its subsidiary NVR Mortgage Finance, Inc., the company originates mortgage loans for its homebuyers and sells them into the secondary market to investors like Fannie Mae and Freddie Mac.
GL
Globe Life
$16.44 Bn
178.23
-0.67%
+31.06%
Globe Life is an insurance holding company that generates revenue from premium income and policy charges on nonparticipating ordinary life insurance, including whole life and term life policies. Its core activities include underwriting and managing long-duration liabilities for individual life insurance products.
BBD
Bank Bradesco
$16.16 Bn
3.05
-1.61%
+0.99%
Banco Bradesco is a globally scaled bank with a banking charter that takes deposits and operates across multiple banking lines, including retail, commercial, and capital markets. Its revenue is split between net interest income from loans and substantial fee income from banking, asset management, and brokerage services.
RGA
Reinsurance Group Of America
$15.97 Bn
244.54
-1.04%
+30.04%
The company is a global provider of reinsurance, specifically assuming mortality, morbidity, and investment risks from other insurance companies. Its revenue is primarily generated from premiums earned on traditional life and health reinsurance contracts and asset-intensive reinsurance agreements.
PNFP
Pinnacle Financial Partners
$15.80 Bn
104.65
-2.55%
+12.36%
Pinnacle Financial Partners operates as a regional bank through its subsidiary Pinnacle Bank, focusing on the Southeast US. It generates revenue from net interest income on commercial real estate and consumer loans, as well as fees from checking, savings, and certificate of deposit accounts.
WSE
Wise
$15.64 Bn
12.67
-1.86%
—
Wise's core business is moving money between people and businesses across borders, generating revenue primarily through transaction fees on cross-border payments and currency conversions. Its products, Wise Account and Wise Business, specifically enable users to send and receive money internationally using a global payments network.
TRU
TransUnion
$15.22 Bn
79.46
+0.94%
-10.00%
TransUnion collects, maintains, and sells consumer and commercial credit files and identity data to lenders and businesses. Its core business involves providing credit risk assessment and identity verification services to banks, credit card issuers, and auto lenders.
TXT
2nd
Textron
$14.98 Bn
87.11
-0.64%
+10.17%
The Finance segment, through Textron Financial Corporation, provides specialized non-bank financing and credit to purchasers of Textron's manufactured aircraft and helicopters.
CRBG
Corebridge Financial
$14.76 Bn
33.12
-0.24%
-2.90%
Corebridge Financial is a major provider of life insurance and annuity products, specifically offering term, index universal life, and whole life policies. It generates revenue from premiums, investment returns on reserves, and fees on variable products, which aligns directly with the Life Insurance industry description.
TIGO
2nd
Millicom International Cellular
$14.58 Bn
87.19
-7.50%
+94.10%
Millicom offers mobile financial services to its customer base, moving money and providing financial transactions via its Tigo brand.
IVZ
Invesco
$14.30 Bn
32.40
-0.49%
+54.29%
Invesco is an independent investment management firm that manages portfolios for retail and institutional clients, earning revenue through management fees. Its core activities include managing mutual funds, ETFs (such as the QQQ Trust), and index-based strategies across equity and fixed income segments.
RITM-PA
Rithm Capital
$14.29 Bn
25.59
+0.43%
+0.95%
Rithm Capital operates as an internally managed real estate investment trust (REIT) whose investment portfolio primarily consists of residential mortgage loans, non-agency securities, and excess mortgage servicing rights. It earns revenue from net interest income and investment returns on these mortgage-backed assets rather than primarily from renting physical property.
EG
Everest
$14.26 Bn
367.48
+0.66%
+10.70%
The company's primary revenue driver is its Reinsurance segment, which accounted for 72.4% of gross written premiums in 2025. It writes worldwide property and casualty reinsurance on both treaty and facultative bases for ceding companies.
UNM
Unum
$14.21 Bn
89.79
-1.87%
+30.93%
Unum underwrites a broad portfolio of property and casualty-style liability and specialty risks, including disability, accident, critical illness, dental, and vision insurance. The company generates significant revenue from premium income by taking on the risk of financial loss from illness and injury for employers and employees.
VLYPN
Valley National Bancorp
$14.19 Bn
25.67
-0.04%
-0.35%
Valley National Bancorp operates as a regional bank with a concentrated deposit and lending franchise in New Jersey, New York, Florida, and Alabama. It provides core banking products including checking and savings accounts, commercial and industrial loans, and commercial real estate loans.
ARCC
Ares Capital
$14.12 Bn
19.67
+0.15%
-12.23%
Ares Capital Corporation is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest income on debt securities and dividend distributions from equity investments in U.S. middle market companies.
BNT
Brookfield Wealth Solutions
$14.07 Bn
42.31
-1.88%
-2.66%
The company's primary focus is on securing financial futures through retail and institutional annuities and life insurance products, including whole life, universal life, and variable universal life insurance. These activities involve taking on mortality and longevity risk in exchange for premiums, which is the core of the Life Insurance industry.
SLMBP
Slm
$14.07 Bn
74.86
-0.19%
-1.56%
The company's primary revenue is generated from the origination and holding of private student loans for undergraduate and graduate students. It operates as a non-bank consumer lender, earning interest income and origination fees from these personal education loans.
SF
Stifel Financial
$14.03 Bn
83.74
-0.33%
+10.46%
Stifel Financial is a bank holding company that operates a diversified banking franchise through Stifel Bancorp, which provides FDIC-insured deposit accounts and commercial lending. Its revenue is split across multiple banking and capital markets lines, including retail/commercial banking, investment banking, and wealth management, fitting the profile of a Money Center Bank.
EQH
Equitable Holdings
$13.89 Bn
50.87
-0.53%
-4.02%
The company operates a Retirement segment that acts as an insurer, offering retirement income and protection strategies through products such as registered indexed linked annuities, traditional variable annuities, and group variable annuities. It generates significant revenue from insurance premiums and investment income on these long-duration liabilities.
OHI
2nd
Omega Healthcare Investors
$13.89 Bn
46.43
-0.30%
+13.91%
The company generates interest income from providing real estate loans and mortgage loans secured by healthcare properties.
AIZ
Assurant
$13.83 Bn
280.14
-0.38%
+33.95%
Assurant underwrites property and casualty insurance, including homeowners, renters, flood, and vehicle protection services. It generates significant revenue from insurance premiums across its Global Housing and Global Automotive lines.
GRAB
2nd
Grab Holdings
$13.76 Bn
3.45
-3.63%
-32.35%
Grab operates chartered digital banks, GXS Bank in Singapore and GXBank in Malaysia, which offer savings accounts and deposit-taking services to the public.
CNA
Cna Financial
$13.63 Bn
50.36
+0.66%
+6.67%
CNA Financial primarily underwrites commercial property and casualty coverages, including surety, and generates revenue from insurance premiums in its Specialty, Commercial, and International segments.
RNR
Renaissancere Holdings
$13.40 Bn
320.45
+0.68%
+33.74%
RenaissanceRe is a global provider of reinsurance, specifically offering property catastrophe, casualty, and specialty reinsurance. Its primary customers are other insurance and reinsurance companies accessed through intermediaries like Aon and Marsh & McLennan.
TOL
2nd
Toll Brothers
$13.33 Bn
142.61
-1.99%
+8.71%
The company earns income from mortgage financing provided to its home buyers through its subsidiary, Toll Brothers Mortgage Company.
ALLY
Ally Financial
$13.29 Bn
43.63
+0.02%
+13.62%
Ally Financial operates a massive digital bank (Ally Bank) with $151.6 billion in nonaffiliate deposits and is diversified across retail banking, automotive lending, securities brokerage, and corporate finance. This multi-segment character combined with a banking charter and deposit-taking activity fits the definition of a Money Center Bank.
FNF
Fidelity National Financial
$12.99 Bn
48.48
-1.36%
-14.35%
The company is a leading provider of title insurance and escrow services, generating $5,824 million in title insurance premiums in 2025. It underwrites policies protecting property owners against title defects and manages escrow accounts for real estate closings.
UHAL
2nd
U-Haul Holding
$12.79 Bn
72.46
-1.74%
+25.08%
The company has a Property and Casualty Insurance segment that underwrites protection packages such as Safemove and Safestor for its customers.
WBS
Webster Financial
$12.64 Bn
77.99
-0.84%
+33.96%
Webster Financial operates as a commercial bank with a core footprint in the Northeast, providing checking and savings accounts, commercial real estate loans, and consumer credit. Its revenue is primarily driven by net interest income from these deposit-taking and lending activities within a defined geographic region.
CNH
2nd
CNH Industrial
$12.41 Bn
10.03
-2.62%
-17.79%
Through CNH Capital, the company provides specialty non-bank financing, including retail loans, leases, and wholesale financing to dealers and end users for the purchase of its equipment.
TIGR
UP Fintech Holding
$12.33 Bn
4.78
-1.24%
-54.43%
The company operates an online brokerage platform providing individual retail investors and high net worth individuals access to trade stocks, options, warrants, and futures. Its primary revenue is generated from commission fees charged on securities trades executed through its platform.
GLPI
2nd
Gaming & Leisure Properties
$12.24 Bn
42.08
-0.40%
-9.60%
The company extends mortgage loans to developers for gaming projects, earning interest income from these loans before they potentially convert into lease revenue.
FHN
First Horizon
$12.23 Bn
25.82
-0.77%
+17.47%
First Horizon is a chartered bank with a concentrated footprint in the southeastern US (Tennessee, North Carolina, Florida, and Louisiana) that takes deposits and provides commercial, small business, and consumer loans. Its largest revenue component is interest income on loans and leases, and it operates over 450 banking locations.
AFG
American Financial
$12.07 Bn
145.59
-0.63%
+11.66%
The company's primary operations are in the property and casualty insurance sector, underwriting specialized commercial policies for risks such as cargo transport, liability, and construction defects. Its main revenue source is earned premiums from these P&C insurance policies.
ERIE
Erie Indemnity
$11.87 Bn
256.95
+3.71%
-28.57%
Erie Indemnity acts as an intermediary and administrative manager for the Erie Insurance Exchange, providing policy issuance, renewal services, and agent compensation. It does not underwrite risk itself but earns management fees and cost reimbursements for managing the insurance operations, which aligns with the role of an insurance broker/administrator that does not take risk.
TKC
2nd
Turkcell Iletisim Hizmetleri A S
$11.86 Bn
5.39
-0.74%
-8.02%
Through its Financell brand, the company provides consumer and enterprise lending services as part of its Techfin segment.
UMBF
Umb Financial
$11.39 Bn
149.98
-1.30%
+29.66%
UMB Financial operates as a regional bank with a footprint in the midwestern, southwestern, and western United States. It provides core banking products including checking and savings accounts, commercial loans, and residential mortgages to retail and corporate customers.
FBTC
Fidelity Wise Origin Bitcoin Fund
$11.26 Bn
56.22
+0.50%
-44.59%
The company is an exchange traded product (ETP) that manages a portfolio of bitcoin on behalf of investors to track a specific index. It earns revenue through a sponsor fee of 0.25% of the trust's holdings, which is the standard revenue model for asset management vehicles.
JEF
Jefferies Financial
$10.95 Bn
53.85
-1.34%
-10.29%
Jefferies is described as a global investment banking and capital markets firm that generates primary revenue through fees for investment banking advisory and underwriting services across equities and fixed income.
WTFC
Wintrust Financial
$10.72 Bn
158.86
-1.30%
+23.51%
Wintrust operates a community banking segment that provides traditional banking services, including commercial and residential real estate loans and deposit gathering. Its revenue is primarily driven by net interest income from these loan portfolios and service charges on deposit accounts.
SSB
SouthState Bank
$10.67 Bn
110.06
-0.79%
+14.66%
SouthState Bank is a chartered bank with a concentrated regional footprint in the Southeastern United States, operating 342 branches. Its core revenue is derived from net interest income on a loan portfolio consisting of commercial real estate, residential real estate, and consumer loans, as well as deposit fees.
KLAR
Klarna
$10.63 Bn
15.06
-22.93%
—
Klarna holds a banking license in the European Economic Area and operates a multi-segment banking business including retail banking (Klarna Balance accounts, savings accounts), consumer lending (Financing and Pay Later), and payment processing. It generates revenue from net interest income on consumer deposits and lending, as well as substantial fee income from merchants.
GBTC
Grayscale Bitcoin Trust ETF
$10.60 Bn
50.01
+0.50%
-45.28%
The company operates as a passive investment vehicle (ETF) that manages a portfolio of Bitcoin on behalf of retail and institutional investors. It earns revenue through a management fee (1.5% annual rate of net asset value) for providing this pooled investment structure.
RYAN
Ryan Specialty Holdings
$10.54 Bn
41.26
-1.03%
-30.09%
Ryan Specialty Holdings operates as a wholesale insurance intermediary, primarily through its Wholesale Brokerage segment which generated 53.4% of its net commission and fees. It acts as an intermediary between retail insurance brokers and insurance carriers to place complex property and casualty risks without underwriting the risk itself.
CFR
Cullen
$10.40 Bn
167.31
-0.46%
+32.59%
Cullen/Frost operates as a community-based financial services organization with a deposit and lending franchise concentrated in Texas markets (Austin, Dallas, Houston, San Antonio). Its core revenue comes from net interest income on commercial and consumer loans and fees from treasury management services provided through Frost Bank.
ZION
Zions Bancorporation, National Association
$10.35 Bn
70.93
-0.91%
+33.15%
Zions Bancorporation operates as a network of chartered regional banks across eleven western states, providing core products such as checking and savings accounts, commercial and industrial loans, and residential mortgages. Its revenue is primarily driven by net interest income from these lending activities and deposit-based services.
ORI
Old Republic International
$10.23 Bn
42.38
-0.31%
+11.41%
The company operates a Specialty Insurance segment that underwrites commercial lines coverage, including commercial auto, workers compensation, property, and general liability for businesses and governments. It generates revenue from net premiums collected on these policies.
FDS
Factset Research Systems
$10.22 Bn
285.54
+3.19%
-23.07%
FactSet provides financial data, market intelligence, and analytics on securities, companies, and industries to investment professionals. Its revenue is primarily derived from subscriptions to its multi-asset class data and solutions platform.
ONB
Old National Bancorp
$10.20 Bn
26.66
-1.51%
+23.71%
Old National Bancorp operates as a regional bank with a concentrated footprint in the Midwest and Southeast regions. It provides core banking products including checking and savings accounts, commercial and industrial loans, and consumer credit, earning revenue from net interest income and deposit fees.
FRHC
Freedom Holding
$9.88 Bn
160.80
+6.87%
-6.98%
Freedom Holding operates as a diversified financial group with a banking charter via Freedom Bank Kazakhstan JSC, which provides deposits, loans, and payment cards to over 2.5 million customers. Its revenue is split across multiple banking and capital markets lines, including retail/commercial banking, brokerage, and investment banking, fitting the profile of a Money Center Bank.
SFBS
ServisFirst Bancshares
$9.85 Bn
90.00
-0.33%
+9.93%
ServisFirst is a chartered bank operating thirty-three offices across a specific southeastern US footprint (Alabama, Florida, Georgia, etc.). Its core business involves taking deposits (totaling $14.22 billion) and originating commercial and consumer loans (totaling $13.70 billion), with revenue primarily from net interest income.
PRI
Primerica
$9.52 Bn
307.96
-0.63%
+17.37%
Primerica underwrites and distributes term life insurance policies through subsidiaries like Primerica Life Insurance Company and National Benefit Life Insurance Company. It generates significant recurring revenue from premiums on a large in-force block of policies.
VIRT
Virtu Financial
$9.48 Bn
61.10
+2.74%
+47.37%
Virtu Financial operates as a market maker and liquidity provider, earning revenue from the bid-ask spread on high-volume trades across equities, fixed income, and currencies. Its Market Making segment specifically provides liquidity to institutional counterparties including banks, hedge funds, and mutual funds.
AMG
Affiliated Managers
$9.40 Bn
363.63
-2.18%
+65.97%
The company generates its revenue through economic participation in Affiliates that manage assets via mutual funds, ETFs, and separately managed accounts. Its core business model is based on the investment management activities of these partners, specifically in differentiated long-only strategies.
PAYP
PayPay
$9.30 Bn
15.02
+0.33%
—
PayPay operates as a financial super app that holds a banking charter through PayPay Bank Corporation, which provides deposit accounts, mortgage loans, and business loans. Its revenue is split across multiple banking and financial lines, including retail payments, banking, and securities brokerage, fitting the multi-segment character of a Money Center Bank.
RUSHA
2nd
Rush Enterprises Inc \Tx\
$9.28 Bn
79.39
-3.34%
+40.41%
Rush provides financing and leasing products to its commercial vehicle customers, acting as a specialty finance provider for commercial fleet equipment.
CTRE
2nd
CareTrust REIT
$9.28 Bn
39.30
+0.05%
+17.03%
The company extends secured mortgage loans and mezzanine loans to healthcare operators, generating revenue from these financing receivables.
COMP
2nd
Compass
$9.27 Bn
12.30
-0.73%
+40.57%
The company's Integrated Services segment generates revenue from title searches, escrow closings, and settlement fees provided to home buyers and sellers.
FCFS
FirstCash Holdings
$9.23 Bn
212.74
-1.62%
+53.66%
FirstCash's primary revenue driver is its pawn operations, which provide non-recourse pawn loans to unbanked and credit-constrained consumers. These loans generate significant revenue through pawn loan fees and service charges, which accounted for 46% of consolidated net revenue in 2025.
JXN
Jackson Financial
$9.20 Bn
134.97
+1.40%
+43.65%
Jackson Financial primarily sells annuity products, including variable, fixed, and registered index linked annuities, and manages life insurance policies such as whole, universal, and term life. Its revenue is derived from insurance premiums and investment income from its general account, taking on longevity and mortality risk.
YMM
2nd
Full Truck Alliance
$9.15 Bn
8.80
-0.45%
-20.29%
The company operates an insurance brokerage business that earns commissions from partner insurers by providing insurance services to its user base.
COLB
Columbia Banking System
$9.09 Bn
32.14
-0.62%
+24.72%
Columbia Banking System operates as an Oregon state-chartered commercial bank with a deposit and lending franchise concentrated in the western United States (e.g., Oregon, Washington, Arizona). Its core revenue is derived from net interest income on commercial and consumer loans and fee income from deposit services.
VOYA
Voya Financial
$9.08 Bn
100.19
+0.02%
+35.56%
Voya's Retirement segment manages approximately 796.5 billion dollars of assets and earns revenue from asset-based administrative recordkeeping and advisory fees. The company also operates a dedicated Investment Management segment that earns management fees on 286.9 billion dollars of assets for third-party institutional and individual investors.
KT
2nd
Kt
$9.05 Bn
18.76
-1.26%
-9.76%
Through its subsidiary BC Card, the company provides financial services and payment processing, contributing 14% of total operating revenue.
HLI
Houlihan Lokey
$8.83 Bn
127.07
+1.45%
-33.52%
Houlihan Lokey is a global independent investment bank that earns revenue through advisory fees for mergers and acquisitions, capital raising, and financial restructuring. Its Corporate Finance segment specifically provides sell-side and buy-side M&A advice and capital solutions for raising debt and equity.
WAL
Western Alliance Bancorporation
$8.81 Bn
80.79
-1.19%
-2.52%
Western Alliance Bancorporation operates as a mid-sized regional bank with a strong presence in the western United States, providing core banking products including checking and savings accounts, commercial and industrial loans, and treasury management. Its revenue is primarily generated from net interest income on a diversified loan portfolio and low-cost core deposits.
BOKF
Bok Financial
$8.81 Bn
145.02
-0.48%
+37.38%
BOK Financial operates as a regional bank with a concentrated footprint in Oklahoma, Texas, New Mexico, and other contiguous states. Its core revenue is derived from net interest income on commercial and consumer loans and fees from deposit accounts through its subsidiary BOKF NA.
OMF
OneMain Holdings
$8.70 Bn
64.74
-0.64%
+11.29%
OneMain Holdings originates and services a large portfolio of consumer loans, including 2.3 million personal loans and 152 thousand auto finance loans, as well as 1.2 million credit card accounts. Its primary revenue is generated from interest income on these non-bank consumer credit products.
LNC
Lincoln National
$8.63 Bn
45.08
+0.92%
+12.17%
Lincoln National operates a Life Insurance segment providing term, universal, and variable universal life policies, and an Annuities segment offering variable and fixed annuities. These products generate revenue through premiums and investment income while managing mortality and longevity risk.
HQY
Healthequity
$8.63 Bn
102.79
+0.45%
+14.81%
Healthequity's core business is the administration and safekeeping of tax-advantaged health savings accounts (HSAs), generating custodial revenue from fees on HSA cash held by depository partners. It provides back-office fund administration and account servicing for employer clients and individual members.
CBSH
Commerce Bancshares
$8.54 Bn
59.56
-0.25%
+1.50%
Commerce Bancshares operates as a bank holding company owning Commerce Bank, which provides checking, savings, and corporate lending services. Its revenue is primarily driven by interest earned on loans and investments and fees for retail and commercial banking services.
KNSL
Kinsale Capital
$8.50 Bn
373.06
+1.62%
-16.35%
Kinsale Capital is a property and casualty insurance company that underwrites risks for commercial property, excess casualty, and general casualty lines. It generates revenue primarily from insurance premiums paid by policyholders for these coverages.
REXR
2nd
Rexford Industrial Realty
$8.26 Bn
37.03
+3.29%
-1.70%
The company generates additional revenue by acting as a lender, providing mortgage debt investments secured by industrial property.
XP
Xp
$8.21 Bn
15.84
+0.89%
-9.49%
XP Inc. operates as a leading financial investment platform providing retail and institutional clients access to equities, fixed income, and mutual funds through its core broker-dealer entity, XP CCTVM, and XP Investments. Its revenue model relies heavily on commissions and fees from these brokerage activities for millions of active retail clients.
PSEC-PA
Prospect Capital
$8.13 Bn
16.66
-0.72%
-4.14%
Prospect Capital is explicitly described as a closed-end investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest and fee income on its investments in middle-market privately held companies.
ARE
2nd
Alexandria Real Estate Equities
$7.99 Bn
45.85
-2.30%
-40.62%
The company earns revenue through strategic capital investments in transformative life science companies via its own venture capital platform, which involves managing capital in non-public strategies.
SNEX
StoneX
$7.97 Bn
66.40
-2.94%
+5.97%
StoneX operates as a global financial services network providing clearing and execution services, prime brokerage, and liquidity across major futures and securities exchanges for institutional and commercial clients. Its revenue is primarily driven by commissions and spreads earned from these large-volume transactions.
SATA
Strive
$7.94 Bn
99.69
+0.21%
—
Strive operates as an institutional asset manager with over 2.4 billion dollars in assets under management, generating recurring fee-based revenue tied to its AUM. Its core activity involves managing a bitcoin treasury strategy and deploying capital to maximize long-term stockholder value.
ZG
2nd
Zillow
$7.93 Bn
35.28
+2.80%
-56.34%
The company operates Zillow Home Loans, which provides mortgage origination services, earning revenue from mortgage interest and fees.
LAD
2nd
Lithia Motors
$7.85 Bn
356.67
-3.49%
+17.11%
The company has a captive finance division that originates financing and insurance products for consumers, generating fee income and interest spread.
MORN
Morningstar
$7.83 Bn
208.73
+0.96%
-19.27%
Morningstar's core business is providing investment insights, data platforms, and indices. This is evidenced by its license-based revenue from subscriptions to Morningstar Direct and PitchBook, as well as its index licensing and credit rating data feeds.
FIGR
Figure Technology Solutions
$7.79 Bn
35.52
-0.67%
—
Figure originates, sells, and securitizes home equity line of credit (HELOC) loans, generating revenue from origination fees, gain on sale of loans, and servicing fees. This activity is the core of its Lending segment and is a primary driver of its revenue streams.
CBC
Central Bancompany
$7.79 Bn
32.50
-0.15%
—
Central Bancompany operates as a community bank through its subsidiary The Central Trust Bank, with a concentrated footprint in Missouri, Kansas, Oklahoma, and Colorado. It generates primary revenue from net interest income on a diversified loan portfolio and earns fees from deposit and treasury-management services.
THG
Hanover Insurance
$7.73 Bn
221.99
+0.01%
+30.79%
The company's primary business is the underwriting of property and casualty insurance, generating 6.3 billion dollars in net premiums written. It provides coverage for commercial multiple peril, workers compensation, personal automobile, and homeowners insurance.
PB
Prosperity Bancshares
$7.48 Bn
74.35
-0.17%
+10.36%
Prosperity Bancshares operates as a regional bank with a concentrated footprint in Texas and Oklahoma, utilizing 283 full-service banking locations. Its core revenue is derived from net interest income on loans and leases, as well as service charges on deposit accounts.
FAF
First American Financial
$7.39 Bn
72.47
-0.98%
+13.36%
The company is the second largest provider of title insurance in the U.S., generating the vast majority of its revenue from title insurance premiums and associated closing and escrow fees. It provides title plants, underwriting risk mitigation, and settlement services for residential and commercial real estate transactions.
AXS
Axis Capital Holdings
$7.37 Bn
100.78
+0.93%
+6.07%
Axis Capital operates a substantial Insurance segment providing specialty products such as Professional Lines (D&O, E&O), Property, Liability, and Cyber to commercial enterprises and financial institutions. It earns revenue primarily from premiums written on these insurance contracts.
TEX
2nd
Terex
$7.37 Bn
64.45
-4.35%
+27.65%
The company operates Terex Financial Services, which facilitates financial transactions to assist customers in the procurement of its industrial equipment, acting as a captive finance arm.
VCTR
Victory Capital Holdings
$7.25 Bn
117.77
-0.88%
+66.08%
Victory Capital Holdings is a global asset management firm that manages investment portfolios through mutual funds, ETFs, and separate accounts. It generates revenue primarily from investment management fees based on the level of client assets it manages for institutions and individual investors.
ACT
Enact Holdings
$6.91 Bn
50.04
+0.52%
+34.23%
Enact Holdings underwrites residential mortgage guaranty insurance, which is a form of credit insurance protecting lenders from losses due to nonpayment. The company generates revenue primarily from writing these insurance policies and collecting premiums, fitting the description of a P&C insurer taking on risk for financial loss.
AGCO
2nd
Agco
$6.89 Bn
98.45
-1.37%
-13.01%
The company operates finance joint ventures that provide retail financing to farmers and wholesale/floor plan financing to its dealer network.
IAUM
iShares Gold Trust Micro
$6.88 Bn
43.32
-1.66%
+30.29%
The Trust operates as an exchange-traded product (ETF) that manages a portfolio of gold on behalf of retail and institutional investors. It earns revenue through a management fee (0.09% of net asset value) paid to the Sponsor for the administration of the investment vehicle.
SGOL
abrdn Gold ETF Trust
$6.82 Bn
41.36
-1.71%
+30.10%
The company operates as an exchange-traded fund (ETF) that manages a portfolio of physical gold bullion on behalf of institutional and retail investors. It generates revenue through a Sponsor's Fee based on the adjusted net asset value (ANAV) of the assets it manages.
FNB
Fnb
$6.78 Bn
19.22
-0.98%
+21.49%
F. N. B. Corporation operates as a regional bank holding company through its subsidiary First National Bank of Pennsylvania, serving a specific geographic footprint including Pennsylvania, Maryland, Ohio, and the Carolinas. Its core revenue is derived from net interest income on commercial and industrial loans, residential mortgages, and consumer credit, funded by deposit accounts.
TMHC
2nd
Taylor Morrison Home
$6.77 Bn
72.45
-0.01%
+8.43%
The company operates a mortgage lending business through Taylor Morrison Home Funding, Inc., providing financing to homebuyers.
WBHC
Wilson Bank Holding
$6.76 Bn
550.00
+0.00%
+214.29%
Wilson Bank Holding operates as a community bank through its subsidiary, Wilson Bank and Trust, with a concentrated footprint in Tennessee counties. It provides core banking products including checking and savings accounts, commercial and industrial loans, and residential mortgages, earning revenue primarily from net interest income.
UBSI
United Bankshares
$6.64 Bn
48.77
-0.43%
+31.07%
United Bankshares operates as a community bank with a geographic footprint in the Mid Atlantic and Southeast regions, offering core products like checking, savings, and commercial loans. Its revenue is primarily generated from net interest income on its loan and lease portfolio and service charges on deposit accounts.
WEX
2nd
Wex
$6.58 Bn
191.84
+1.60%
+11.10%
The company operates its own in-house bank, WEX Bank, which provides issuing capabilities and earns yield on HSA deposits held at the bank.
AN
2nd
Autonation
$6.52 Bn
196.93
-3.96%
-4.95%
The company operates a captive auto finance company, AutoNation Finance, which provides consumer auto finance loans directly to retail customers and earns interest income.
ENVA
Enova International
$6.51 Bn
261.71
-0.92%
+142.62%
Enova originates and services consumer installment loans and lines of credit through brands like CashNetUSA and NetCredit, earning revenue from interest income and fees. It operates as a non-depository lender targeting consumers with limited access to traditional credit.
HRB
2nd
H&R Block
$6.46 Bn
50.95
+1.64%
+1.05%
The company originates and services consumer credit products, specifically Emerald Advance term loans and Refund Advance loans, earning income from these lending activities.
PJT
PJT Partners
$6.45 Bn
169.82
-0.55%
-4.78%
PJT Partners is a global advisory-focused investment bank that earns revenue from advisory fees for mergers and acquisitions, restructuring, and capital markets advisory. The firm provides strategic advice and capital-raising services to corporations, financial sponsors, and governments.
AVAL
Grupo Aval Acciones Y Valores
$6.45 Bn
5.43
-1.09%
+65.05%
Grupo Aval is a large-scale financial group that holds banking charters and takes deposits across four commercial banks (Banco de Bogotá, Banco de Occidente, Banco Popular, and Banco AV Villas). Its revenue is split across multiple banking lines including retail and commercial banking, investment banking, and wealth/pension management.
MTG
Mgic Investment
$6.43 Bn
31.12
+0.03%
+14.16%
MGIC provides private mortgage insurance that insures residential mortgage loans against borrower default, which is a form of liability/credit risk underwriting. The company generates its chief revenue from premiums collected on these insurance policies written to mortgage lenders.
GBCI
Glacier Bancorp
$6.38 Bn
48.98
-1.29%
+5.47%
Glacier Bancorp operates as a regional bank with a concentrated footprint across nine states in the Mountain West and Southwest. It provides core banking products including checking and savings accounts, commercial and industrial loans, and consumer credit, generating revenue primarily from net interest income.
TFPM
Triple Flag Precious Metals
$6.33 Bn
30.74
-2.88%
+18.87%
Triple Flag operates as a specialized funding partner providing bespoke financing solutions to mining operators through streaming and royalty agreements. It manages a portfolio of these alternative assets to generate returns for its investors, fitting the profile of an alternative asset manager focused on real-asset strategies.
LSTR
2nd
Landstar System
$6.32 Bn
186.16
-3.73%
+44.59%
The company operates an insurance segment through Signature Insurance Company, which earns revenue from reinsurance premiums from third-party insurance companies to cover risks associated with BCO Independent Contractors.
HWC
Hancock Whitney
$6.30 Bn
78.25
-0.75%
+28.96%
Hancock Whitney is a chartered regional bank that takes deposits and provides commercial and retail lending within its regional markets. Its core revenue is generated from net interest income on a loan portfolio including commercial real estate, construction, and consumer loans.
GATX
2nd
Gatx
$6.29 Bn
178.30
-1.28%
+12.77%
The company operates a significant aircraft spare engine leasing business through GATX Engine Leasing and joint ventures, providing non-bank financing and leasing for high-value aviation assets to commercial aircraft operators.
ESNT
Essent
$6.25 Bn
69.58
+0.22%
+13.03%
Essent provides private mortgage insurance on residential first lien mortgage loans, which is a form of credit insurance covering lender loss. The company generates revenue primarily from insurance premiums on these mortgage policies and has $248.4 billion of insurance in force.
HOMB
Home Bancshares
$6.21 Bn
30.99
-0.45%
+8.85%
Home BancShares operates as a bank holding company through Centennial Bank, which provides checking and savings accounts, mortgages, and commercial loans across a specific geographic footprint including Arkansas, Florida, Texas, and Alabama. Its revenue is primarily generated from net interest income on these loans and deposits, fitting the profile of a regional bank.
OR
OR Royalties
$6.06 Bn
32.29
-3.12%
+4.80%
OR Royalties operates as a non-bank commercial financier in a specialized niche, providing capital to mining companies in exchange for royalties and streams. It earns revenue from interest-like payments (percentages of metal value or predetermined purchase prices) on its portfolio of assets, such as the Canadian Malartic Complex, without taking on the operational costs of mining.
STWD
Starwood Property Trust
$6.02 Bn
16.25
-0.06%
-18.14%
The company is explicitly structured as a real estate investment trust (REIT) whose primary revenue is generated from interest income on a diversified portfolio of mortgage loans, including first mortgages, mezzanine loans, and CMBS. Its Commercial and Residential Lending Segment holds billions in mortgage assets, fitting the definition of a Mortgage REIT.
AUB
Atlantic Union Bankshares
$6.01 Bn
42.37
-0.42%
+26.06%
Atlantic Union Bankshares operates as a regional bank with a concentrated footprint in Virginia, Maryland, Washington D.C., and North Carolina. It generates revenue primarily from net interest income on deposits and loans, including commercial and industrial loans and residential mortgages.
IFS
Intercorp Financial Services
$5.99 Bn
53.96
-1.19%
+39.58%
Intercorp Financial Services operates as a large-scale financial group with a banking charter (Interbank) that integrates retail and commercial banking with wealth management and insurance. It is a major national player in Peru, providing a diversified mix of net interest income from loans and deposits and fee income across multiple banking and financial segments.
ASB
Associated Banc
$5.98 Bn
31.68
-1.22%
+25.47%
Associated Banc-Corp operates as a bank holding company with a deposit and lending franchise concentrated in the upper Midwest (Wisconsin, Illinois, Minnesota, and Missouri). Its core revenue is generated from net interest income on commercial and industrial loans, residential mortgages, and consumer loans, alongside retail deposit accounts.
SWDR
2nd
Starwood Real Estate Income Trust
$5.98 Bn
15.25
+11,630.77%
—
The company has a specific 'Investment in Real Estate Debt' segment that holds loans secured by real estate and related securities to generate interest income.
CACC
Credit Acceptance
$5.92 Bn
570.54
-0.44%
+20.23%
Credit Acceptance originates, underwrites, and services consumer auto loans for individuals with limited or impaired credit histories. Its revenue is primarily driven by finance charges, including interest income on these consumer loans, and it operates as a non-depository lender.
ABCB
Ameris Bancorp
$5.92 Bn
88.20
-0.94%
+25.71%
Ameris Bancorp operates as a chartered bank with a deposit and lending franchise concentrated in the southeastern US (Georgia, Alabama, Florida, North Carolina, and South Carolina). Its core revenue is derived from net interest income on a diversified loan portfolio and service charges on deposit accounts like checking, savings, and certificates of deposit.
RLI
Rli
$5.90 Bn
64.28
+2.96%
-3.79%
RLI Corp. underwrites property, casualty, and surety products, generating the majority of its revenue from net premiums earned on these policies. Its business segments specifically cover commercial property, marine, general liability, professional services, and executive products.
MCY
Mercury General
$5.89 Bn
106.25
-0.08%
+45.21%
Mercury General underwrites property and casualty insurance, specifically personal automobile, homeowners, commercial automobile, and commercial property insurance. Its revenue is primarily generated from insurance premiums collected on these policies.
MC
Moelis
$5.85 Bn
66.59
-0.24%
-7.02%
Moelis & Company is a global independent investment bank that earns revenue through advisory fees from mergers and acquisitions, recapitalizations, and restructurings. It provides strategic and financial advisory services to corporations, financial sponsors, and governments.
BBUC
2nd
Brookfield Business
$5.83 Bn
28.38
-1.97%
-14.03%
The company owns a leading Canadian residential mortgage insurer and has investments in First National Financial Corporation, a mortgage lender, generating income from mortgage insurance and lending activities.
STEP
StepStone
$5.78 Bn
48.48
+0.41%
-18.63%
StepStone manages pooled alternative investment capital across private equity, infrastructure, private debt, and real estate for institutional and high-net-worth investors. It earns revenue through management fees on assets under management and performance fees (carried interest) on realized gains.
FTDR
Frontdoor
$5.75 Bn
82.92
-0.99%
+39.31%
Frontdoor provides home warranty service contracts and builder-backed/insurance-backed warranties that cover the repair or replacement of home systems, appliances, and structural components. This activity involves underwriting the risk of financial loss from property damage or system failure, which aligns with the Property and Casualty Insurance industry.
MKTX
Marketaxess Holdings
$5.72 Bn
162.57
+0.01%
-12.88%
MarketAxess operates electronic trading platforms and an 'Open Trading all to all marketplace' that provides the venue and rules for institutional investors and broker dealers to trade global fixed income products. The company generates the vast majority of its revenue (86.8%) from commissions on trades executed through these electronic venues.
BXSL
Blackstone Secured Lending Fund
$5.66 Bn
24.34
+0.54%
-18.60%
The company is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). Its revenue is derived mainly from interest payments on a portfolio of first lien senior secured and unitranche loans made to middle-market companies.
TEO
2nd
Telecom Argentina
$5.65 Bn
13.12
-1.28%
+30.81%
The company operates Personal Pay, a digital wallet that generates income from payments, transfers, and financial services for approximately 5.7 million users across Argentina and Paraguay.
OBDC
Blue Owl Capital
$5.62 Bn
11.40
-0.96%
-19.49%
The company is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). Its primary business is originating and making loans and equity investments in U.S. middle-market companies, generating revenue from interest and dividend income.
HLNE
Hamilton Lane
$5.58 Bn
101.10
+0.26%
-34.94%
Hamilton Lane manages pooled alternative investment capital across private equity, private credit, real estate, and infrastructure for institutional and high-net-worth investors. Its revenue model includes management fees on committed capital and carried interest on realized gains from these illiquid strategies.
ETHA
iShares Ethereum Trust ETF
$5.56 Bn
14.44
+0.28%
-56.20%
The company is an exchange-traded product (ETF) that manages a portfolio consisting of ether on behalf of investors. It generates revenue through a Sponsor's Fee based on a percentage of the Trust's net asset value, which is the standard revenue model for asset management vehicles.
AX
Axos Financial
$5.55 Bn
97.59
-1.59%
+11.88%
Axos Financial is a diversified chartered bank that combines retail and commercial banking (deposits, C&I loans, mortgages) with capital markets services (clearing, custody, and margin lending). It competes directly with money center banks like JPMorgan Chase and Bank of America, and its revenue is split across these multiple banking and securities segments.
SIGI
Selective Insurance
$5.44 Bn
91.30
-0.87%
+20.48%
Selective Insurance underwrites property and casualty insurance, including commercial automobile, general liability, workers compensation, and property insurance. It generates revenue through premiums from commercial clients and individuals seeking protection for business operations, homes, and vehicles.
EBC
Eastern Bankshares
$5.40 Bn
23.61
-0.17%
+48.77%
Eastern Bankshares operates as a bank holding company with a deposit franchise concentrated in Massachusetts and the Boston market. Its core business involves gathering deposits to fund a diversified loan portfolio, including commercial and retail loans, generating revenue primarily from net interest income.
MAIN
Main Street Capital
$5.40 Bn
57.83
-0.58%
-11.88%
Main Street Capital explicitly operates as an internally managed business development company (BDC) under the Investment Company Act of 1940. It originates and holds a portfolio of secured debt and equity investments in lower middle market companies, generating revenue from interest income and capital gains.
RELY
Remitly Global
$5.38 Bn
25.44
-3.27%
+28.03%
Remitly's core business is a global money movement platform that enables individuals and businesses to send money digitally across borders. The substantial majority of its revenue is derived from transaction fees and foreign exchange spreads on these cross-border transfers.
CIGI
2nd
Colliers International
$5.35 Bn
104.77
+1.30%
-35.86%
The company operates an Investment Management segment that focuses on fund management and investment advisory services for real estate assets and related securities for institutional investors.
HASI
HA Sustainable Infrastructure Capital
$5.30 Bn
41.39
-1.80%
+50.51%
The company acts as an alternative asset manager, deploying capital into illiquid sustainable infrastructure real assets and managing co-investment vehicles. It generates revenue from management fees on these vehicles and earns returns from equity method investments and interest income on debt investments.
BGC
Bgc
$5.26 Bn
11.07
-0.81%
+8.32%
BGC Group operates as a global inter-dealer and wholesale broker, earning the majority of its revenue from brokerage and trade execution fees for fixed income securities, derivatives, foreign exchange, and energy commodities. It serves institutional clients such as major banks, hedge funds, and trading firms, providing liquidity and execution at institutional scale.
BC
2nd
Brunswick
$5.26 Bn
81.07
-1.48%
+28.48%
Brunswick provides financing services, specifically dealer floor plan financing and consumer loans, which are non-bank financing solutions for its dealer network and customers.
MRX
Marex
$5.16 Bn
71.88
+0.60%
+106.73%
Marex provides brokerage, clearing, and execution services for institutional clients such as hedge funds, banks, and asset managers across global commodity and financial markets. It generates revenue primarily from commissions on executing and clearing trades and bid-ask spreads from its market-making activities.
MAAS
Maase
$5.15 Bn
16.10
-4.62%
+309.67%
Maase Inc.'s largest revenue contributor (93.1%) is its Insurance Agency Services segment, which acts as a third-party distributor of life and non-life insurance products. The company earns revenue through commissions and performance-based bonuses from insurance companies rather than underwriting the risk itself.
PECO
2nd
Phillips Edison & Company
$5.11 Bn
39.74
-0.53%
+17.57%
The company manages a third-party investment platform through unconsolidated joint ventures and a private fund, earning asset management and advisory fees from these institutional investors.
WTM
White Mountains Insurance
$5.11 Bn
2,142.35
+1.23%
+21.48%
The company generates primary revenue through earned premiums and investment income from its property and casualty insurance subsidiaries, such as Ark, which offers niche lines including property, specialty, marine, energy, and casualty.
OTF
Blue Owl Technology Finance
$5.08 Bn
11.10
-0.18%
-25.35%
The company is a Maryland corporation that originates and holds loans and equity in private middle-market technology companies, specifically targeting software firms. It generates revenue through interest income from debt investments and dividends from equity holdings, which is the characteristic revenue model of a Business Development Company (BDC).
PIPR
Piper Sandler Companies
$5.06 Bn
74.90
-0.43%
-8.01%
Piper Sandler earns primary revenue through advisory fees for mergers and acquisitions, equity and debt financings, and underwriting commissions from municipal bond issuances. The profile explicitly identifies it as an investment bank serving corporations and public entities for capital raises and restructuring.
SKY
2nd
Champion Homes
$4.99 Bn
90.92
-2.45%
+23.42%
Through its joint venture, Champion Financing, the company provides consumer retail financing products specifically tailored to the manufactured housing market for homebuyers.
FFIN
First Financial Bankshares
$4.96 Bn
34.63
-0.66%
-2.81%
The company operates as a financial holding company with a subsidiary bank providing commercial banking services, including loans and deposit accounts, concentrated in Texas. Its revenue is primarily driven by interest income from loans and service charges on deposits within this specific geographic footprint.
TFSL
TFS Financial
$4.92 Bn
17.55
+0.29%
+33.97%
TFS Financial is a savings and loan holding company whose primary subsidiary, Third Federal Savings and Loan Association, operates under a federally chartered savings and loan charter. Its balance sheet is heavily weighted toward residential real estate, with $10.84 billion in residential mortgage loans and $4.06 billion in home equity lines of credit funded by retail deposits.
RDN
Radian
$4.92 Bn
36.85
-0.54%
+7.18%
Radian is a private mortgage insurer that underwrites risk on residential first lien mortgage loans, generating revenue from premiums on these policies. This falls under Property and Casualty Insurance as it covers financial loss from credit events related to property assets.
LAZ
Lazard
$4.87 Bn
44.01
+0.57%
-17.85%
Lazard provides independent financial advice on mergers and acquisitions, restructuring, and capital raising for corporate and sovereign clients. It earns advisory fees for services such as valuation analyses, fairness opinions, and transaction structuring.
IEP
2nd
Icahn Enterprises
$4.86 Bn
6.83
-3.94%
-20.30%
The Investment segment consists of private investment funds that act as activist investors, acquiring securities in undervalued companies to unlock value through management and operational changes.
HCXY
Hercules Capital
$4.68 Bn
25.00
-0.24%
-0.40%
Hercules Capital explicitly operates as an internally managed business development company (BDC) that originates and holds loans and equity in private middle-market businesses. Its revenue is primarily derived from interest income on its debt investments and capital appreciation from equity securities.
FULT
Fulton Financial
$4.64 Bn
24.30
-0.69%
+30.79%
Fulton Financial operates as a bank holding company with a banking subsidiary, Fulton Bank, that provides consumer and commercial banking services concentrated in a specific regional footprint (Pennsylvania, Delaware, Maryland, New Jersey, and Virginia). Its revenue is primarily driven by net interest income from loans and securities, which is characteristic of a regional bank.
MRP
2nd
Millrose Properties
$4.62 Bn
29.94
-0.76%
-5.88%
The company provides development loans secured by residential property and earns interest income on the outstanding balance of these loans. This activity constitutes a material portion of its total revenue alongside option fees.
MTH
2nd
Meritage Homes
$4.61 Bn
70.70
-2.15%
-8.46%
The company's financial services segment provides title and escrow services to homebuyers through subsidiaries and joint ventures.
FHI
Federated Hermes
$4.60 Bn
63.88
-0.51%
+20.60%
Federated Hermes is a global leader in active investing with $902.6 billion in assets under management, generating revenue primarily from investment advisory fees. It manages a wide range of products including Federated Hermes Funds, separately managed accounts, and institutional accounts for a diverse client base of institutions and retail investors.
NNI
Nelnet
$4.53 Bn
125.72
-0.18%
-1.09%
Nelnet operates Nelnet Bank, a Utah chartered industrial bank that takes deposits and extends credit for private education and unsecured consumer loans. The company generates significant revenue from net interest income and deposits through this chartered banking entity.
CVCO
2nd
Cavco Industries
$4.53 Bn
584.77
-2.54%
+20.81%
Through its subsidiary CountryPlace Acceptance Corp., the company originates and services conforming and non-conforming mortgages and home-only loans for purchasers of its homes, and issues Ginnie Mae mortgage-backed securities.
IBOC
International Bancshares
$4.52 Bn
72.61
-0.72%
+5.69%
The company is a multibank financial holding company operating five subsidiary banks that accept checking and savings deposits and originate commercial, real estate, and consumer loans within Texas and Oklahoma. Its primary revenue is generated from interest income on these loans and fees on deposit accounts.
FBP
First Bancorp
$4.48 Bn
29.37
-0.61%
+37.89%
First BanCorp operates as a regional bank with a concentrated footprint in Puerto Rico and the US Virgin Islands, providing core banking products such as checking and savings accounts, commercial loans, and retail CDs. Its revenue is primarily driven by net interest income from its loan portfolio and deposit-related fees.
TNL
2nd
Travel & Leisure
$4.42 Bn
72.27
-1.93%
+20.45%
The company provides consumer financing for the majority of its vacation ownership sales, generating revenue from these credit extensions to its customers.
HGTY
Hagerty
$4.40 Bn
12.81
-0.62%
+16.56%
Hagerty operates as a Managing General Agent (MGA), earning commission and fee revenue by underwriting, selling, and servicing insurance policies on behalf of carrier partners like State Farm and Aviva Canada. It acts as an intermediary that places coverage for collector car owners without being the primary risk-bearing carrier for the majority of its business.
UCB
United Community Banks
$4.38 Bn
36.55
-0.22%
+17.00%
United Community Banks operates as a chartered bank with a network of branches across Georgia, South Carolina, North Carolina, Tennessee, Florida, and Alabama. Its core revenue is derived from net interest income on commercial real estate, commercial and industrial loans, and consumer mortgages funded by deposits.
NP
Neptune Insurance Holdings
$4.34 Bn
31.50
+0.29%
—
Neptune operates as a managing general agent (MGA) that issues and administers policies on behalf of insurance and reinsurance partners without retaining underwriting risk. It earns revenue through commission sharing with capacity providers and fees from policyholders, acting as an intermediary that distributes products through a network of independent agents and brokers.
TCBI
Texas Capital Bancshares
$4.34 Bn
99.83
-1.25%
+18.35%
Texas Capital Bancshares operates as a bank holding company through Texas Capital Bank, providing checking, savings, and commercial loans. Its footprint is concentrated in Texas cities including Dallas, Houston, Austin, Fort Worth, and San Antonio.
BFH
Bread Financial Holdings
$4.30 Bn
111.10
-0.12%
+84.21%
The company's core revenue is generated from issuing credit cards and providing installment and split-pay loans (Bread Pay) directly to consumers. It earns interest income, late fees, and interchange fees from these non-deposit-funded credit products.
CATY
Cathay General Bancorp
$4.29 Bn
64.20
-0.31%
+34.73%
Cathay General Bancorp operates as a bank holding company for Cathay Bank, a chartered commercial bank that takes deposits and provides loans (commercial, residential, and consumer) within a specific regional footprint including California, New York, and Washington. Its revenue is primarily driven by net interest income from its loan portfolio and service charges on deposit accounts.
CNS
Cohen & Steers
$4.26 Bn
82.89
-0.73%
+11.71%
Cohen & Steers is a global investment manager that manages portfolios across open-end funds, closed-end funds, and ETFs. It generates revenue through investment advisory and management fees based on assets under management (AUM) for both institutional and individual investors.
ABR-PF
Arbor Realty Trust
$4.24 Bn
22.46
+0.99%
+3.22%
Arbor Realty Trust is explicitly described as a real estate investment trust (REIT) whose assets consist of a $12.1 billion loan and investment portfolio. Its revenue is primarily derived from net interest spread on bridge loans, mezzanine loans, and mortgage-related securities rather than from renting physical property.
ARX
Accelerant Holdings
$4.24 Bn
19.55
+0.00%
-31.52%
The company operates an Underwriting segment that writes and retains risk, earning revenue from net earned premiums and ceding commissions. It specifically focuses on specialty insurance for low-limit, low-hazard commercial risks.
BWIN
Baldwin Insurance
$4.20 Bn
30.20
-1.85%
-7.62%
Baldwin is an independent insurance distribution firm that earns commissions by acting as an intermediary between clients and insurance company partners. It provides risk management and employee benefits advisory services, representing over three million clients across commercial and personal lines.
WSFS
Wsfs Financial
$4.17 Bn
81.69
-0.15%
+47.75%
WSFS Financial operates as a locally managed community bank providing traditional banking services, including commercial and consumer lending and deposit taking, primarily in the Greater Philadelphia and Delaware region. Its revenue is driven by net interest income from its loan and lease portfolio and deposit-related fees.
BULL
Webull
$4.17 Bn
7.93
-2.82%
-50.34%
Webull operates a digital investment platform providing brokerage services to retail investors for trading equities, options, and futures. Its revenue model is based on payment for order flow, commissions from retail customers, and margin/interest income from cash sweep balances.
PAGS
PagSeguro Digital
$4.14 Bn
8.44
-2.65%
-6.84%
PagSeguro operates as a comprehensive digital financial ecosystem that holds a banking charter, allowing it to take deposits and provide a full suite of banking services. Its revenue is split across multiple banking lines including retail and commercial banking, card issuing, and credit products, which fits the multi-segment character of a Money Center Bank.
MIAX
Miami International Holdings
$4.13 Bn
41.88
-1.18%
+28.23%
The company operates multiple regulated financial marketplaces, including four U.S. options exchanges, a U.S. equities exchange, a U.S. futures exchange, and two international securities exchanges. Its primary revenue is generated from transaction fees on trades executed on these exchanges, listing fees, and clearing fees.
BH-A
2nd
Biglari Holdings
$4.12 Bn
1,950.59
-1.96%
+29.01%
The company provides commercial truck insurance, garage liability, and homeowners policies through subsidiaries like First Guard and Southern Pioneer, earning revenue from insurance premiums.
OPLN
2nd
Openlane
$4.11 Bn
33.47
-4.62%
+18.14%
Through its subsidiary AFC, the company provides floorplan financing, which is short-term inventory-secured financing for independent vehicle dealers. This represents a specialized niche of non-bank commercial lending for vehicle inventory.
INDB
Independent Bank
$4.06 Bn
85.34
-0.81%
+27.62%
Independent Bank Corp. operates as a state chartered bank holding company through Rockland Trust, with a deposit and lending franchise concentrated in eastern Massachusetts, southern New Hampshire, and Rhode Island. Its core revenue is derived from net interest income on commercial, commercial real estate, and consumer loans, funded by $20.1 billion in total deposits.
CVBF
Cvb Financial
$4.06 Bn
23.04
-0.48%
+18.64%
CVB Financial operates as a community bank in California, taking deposits and providing loans to small and medium sized businesses and individuals. Its revenue is primarily driven by net interest income from commercial real estate, commercial and industrial, and consumer loans.
WSBC
Wesbanco
$4.05 Bn
42.21
-0.64%
+35.12%
Wesbanco operates as a bank holding company with a banking subsidiary that maintains 251 branches across a specific regional footprint (West Virginia, Ohio, Pennsylvania, Kentucky, Indiana, Michigan, and Maryland). Its primary revenue is generated from interest income on commercial and consumer loans and fees from deposit accounts.
SKYW
2nd
Skywest
$4.00 Bn
103.11
-2.36%
-12.20%
The company operates a SkyWest Leasing segment that finances new E175 aircraft and generates revenue from leasing aircraft and engines to third parties.
VAC
2nd
Marriott Vacations Worldwide
$3.95 Bn
114.96
-3.78%
+53.24%
The company provides financing to consumers purchasing vacation ownership products, generating significant financing income from interest and servicing fees on loans originated to these purchasers.
GLXY
Galaxy Digital
$3.94 Bn
20.43
-6.58%
-23.74%
Galaxy Digital operates a global platform for the trading, custody, and settlement of digital assets, serving institutional clients through an OTC desk for spot and derivatives trades. It provides institutional custody solutions, including cold and hot wallet technology, and acts as a prime broker for the digital asset ecosystem.
DLO
2nd
dLocal
$3.93 Bn
13.64
-1.94%
-10.56%
The company provides extensive 'pay out' payment methods (939 local methods) and competes with banks and specialized providers for payout services, facilitating the movement of funds to bank accounts.
HHH
2nd
Howard Hughes Holdings
$3.92 Bn
65.79
-1.32%
-10.23%
The company is pursuing a diversification strategy that includes the pending purchase of Vantage Group Holdings Ltd., which is described as a specialty insurance and reinsurance company.
PFSI
PennyMac Financial Services
$3.91 Bn
75.32
-1.30%
-28.61%
PennyMac operates a comprehensive mortgage platform focused on the production and servicing of U.S. residential mortgage loans. It generates revenue through loan origination fees, gains on loan sales, and mortgage servicing rights.
LGHL
Lion Group Holding
$3.91 Bn
0.56
-24.32%
-98.12%
Lion Group Holding provides a trading platform for individual, affluent Chinese retail investors to trade CFDs, TRS, and OTC options. Its revenue is derived from commissions, bid-ask spreads, and account-related interest, which is characteristic of a retail brokerage model.
RNST
Renasant
$3.90 Bn
42.62
-1.18%
+13.99%
Renasant operates as a community bank franchise in the Southeast, providing checking and savings accounts, commercial and industrial loans, and treasury management services. Its revenue is primarily driven by net interest income from these banking activities, which account for the vast majority of its gross revenues.
LMND
Lemonade
$3.88 Bn
50.12
+0.40%
-16.10%
Lemonade underwrites and sells property and casualty insurance policies for renters, homeowners, pets, and cars. Its revenue is primarily derived from premiums collected on these policies, which cover property damage and liability risks.
BANF
Bancfirst
$3.86 Bn
114.97
+0.03%
-8.02%
BancFirst operates as a financial holding company with state-chartered banks in Oklahoma and Texas, providing checking, savings, and commercial loans to retail and small-to-medium business customers. Its revenue is primarily derived from net interest income on loans and fees from deposit services within these specific geographic footprints.
RCD
Ready Capital
$3.84 Bn
23.22
+0.17%
-3.65%
Ready Capital is structured as a real estate investment trust (REIT) whose primary assets are mortgage loans, including LMM Commercial Real Estate and SBA loans. Its revenue is primarily derived from interest earned on its loan portfolio and gains from the sale of loans and securitization transactions.
GNW
Genworth Financial
$3.82 Bn
10.09
+0.00%
+20.55%
Genworth Financial operates the Enact segment, which provides private mortgage insurance to lenders and originators to protect against losses on loans. This activity involves underwriting property-related liability risk, which falls under Property and Casualty Insurance.
MHO
2nd
M
$3.76 Bn
148.52
-1.71%
+4.72%
The company operates a financial services segment that generates revenue through mortgage origination fees, interest income from loans held for investment, and the sale of mortgages to agencies like Fannie Mae and Freddie Mac.
NIC
Nicolet Bankshares
$3.72 Bn
176.56
-0.84%
+34.84%
Nicolet Bankshares operates as a community-focused bank through its subsidiary Nicolet National Bank, offering checking, savings, and lending services concentrated in specific regions including Wisconsin, Michigan, Minnesota, Iowa, and Colorado. Its primary revenue is generated from net interest income on loans and deposits.
MCHB
Mechanics Bancorp
$3.71 Bn
16.77
+0.12%
+33.07%
Mechanics Bancorp operates as a community bank with a regional footprint across California, Washington, Oregon, and Hawaii. It generates revenue from net interest income via checking, savings, and certificates of deposit, and provides commercial and industrial loans to manufacturers and distributors.
PRK
Park National
$3.70 Bn
205.08
-0.33%
+23.23%
Park National operates as a bank holding company through Park National Bank, taking deposits (savings, CDs) and providing loans (commercial, real estate, installment) primarily in Ohio and surrounding states. Its revenue is driven by net interest income and deposit-related fees, fitting the profile of a regional bank.
FIBK
First Interstate Bancsystem
$3.67 Bn
38.46
-1.11%
+26.81%
First Interstate Bancsystem operates as a community bank with a concentrated footprint across twelve states, offering checking and savings accounts and commercial and industrial loans. Its revenue is primarily driven by net interest income from loans and deposits, as evidenced by its $22.1 billion in deposits and $15.2 billion in loans.
ABG
2nd
Asbury Automotive
$3.66 Bn
203.92
-2.31%
-15.19%
The company operates a dedicated finance and insurance subsidiary, Total Care Auto (TCA), which provides specialized non-bank financing and protection products such as guaranteed asset protection and lease wear and tear contracts.
FFBC
First Financial Bancorp
$3.55 Bn
33.79
-1.11%
+36.91%
First Financial Bancorp operates as a regional bank holding company through First Financial Bank, providing checking, savings, and commercial lending across Ohio, Indiana, Kentucky, and Illinois. Its revenue is primarily driven by net interest income from commercial, industrial, and real estate loans.
NHI
2nd
National Health Investors
$3.54 Bn
73.24
-0.22%
-2.20%
The company earns interest income by providing financing arrangements, including mortgages, construction loans, and mezzanine loans to tenants, operators, and third parties.
SIVR
abrdn Silver ETF Trust
$3.49 Bn
60.38
-3.58%
+66.52%
The company operates as an ETF Trust that manages a portfolio of physical silver bullion on behalf of institutional and retail investors. It earns revenue through a Sponsor's Fee based on a percentage of the adjusted net asset value (ANAV), which is characteristic of an asset management fee structure.
HG
Hamilton Insurance
$3.48 Bn
35.28
+0.06%
+53.26%
Hamilton Insurance writes specialty and casualty insurance policies for commercial clients, including medium to large-sized accounts via its Global Specialty platform and small to mid-sized clients via Hamilton Select. It earns revenue from gross premiums written for property, casualty, and specialty lines.
WT
WisdomTree
$3.47 Bn
22.86
-1.00%
+67.35%
WisdomTree creates and manages exchange traded funds (ETFs) and exchange traded products (ETPs) across equities, commodities, and fixed income. Its primary revenue is generated from advisory fees calculated as a percentage of assets under management (AUM) for these pooled investment vehicles.
BKU
BankUnited
$3.45 Bn
47.77
-0.19%
+27.83%
BankUnited is a bank holding company operating a national banking association that takes deposits (checking, savings, CDs) and provides loans within specific regional footprints including Florida, the New York Tri-State area, Dallas, Atlanta, and Charlotte. Its revenue is primarily driven by net interest income from these lending activities and fees from deposit and treasury services.
SBCF
Seacoast Banking Corp Of Florida
$3.44 Bn
35.54
-0.73%
+22.72%
Seacoast Banking Corporation of Florida operates as a regional bank with a network of 104 branches across Florida and Georgia. Its primary revenue is generated from interest income on loan and investment portfolios and service charges on deposit accounts.
NMIH
NMI Holdings
$3.44 Bn
45.61
+0.11%
+17.95%
NMI Holdings provides primary mortgage insurance that protects lenders and investors against default-related losses on residential loans. Its revenue is principally generated from premiums received on these insurance policies.
MARA
2nd
MARA Holdings
$3.42 Bn
8.96
-7.82%
-44.31%
The company generates material interest income, specifically $32.1 million in 2025, by monetizing its bitcoin holdings through lending, structured trading, and collateralized financing.
SFNC
Simmons First National
$3.42 Bn
23.68
-1.09%
+18.70%
Simmons First National operates as a regional bank with a footprint concentrated in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. It generates revenue from deposits (checking, savings, time deposits) and loans (commercial, industrial, and consumer) within this defined geographic area.
CBU
Community Financial System
$3.40 Bn
64.61
-0.71%
+13.07%
The company operates Community Bank, N.A., which provides traditional banking products including loans, deposits, and treasury solutions. Its footprint is concentrated in a specific region including Upstate New York, Northeastern Pennsylvania, Vermont, Western Massachusetts, and Southern New Hampshire.
GBDC
Golub Capital Bdc
$3.40 Bn
13.07
-0.38%
-11.33%
The company is explicitly structured and regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is generated from interest income on a portfolio of senior secured loans, second lien loans, and equity securities in U.S. middle market companies.
PLMR
Palomar Holdings
$3.40 Bn
129.69
+4.66%
+7.60%
Palomar Holdings is a specialty insurance company that underwrites property and casualty insurance, including earthquake, casualty, inland marine, and crop insurance. It generates revenue primarily by writing policies and collecting premiums from individual and commercial customers.
HGV
2nd
Hilton Grand Vacations
$3.39 Bn
43.51
-3.12%
-2.22%
The company generates a substantial portion of its revenue by financing and servicing loans provided directly to consumers for their VOI purchases.
APAM
Artisan Partners Asset Management
$3.38 Bn
41.70
+0.48%
-9.54%
Artisan Partners manages investment portfolios across equity and fixed income for institutional and high-net-worth clients, earning revenue primarily from management fees based on assets under management. The company operates pooled vehicles like Artisan Funds and Artisan Global Funds, which are characteristic of traditional asset management.
AB
Alliancebernstein Holding
$3.37 Bn
36.16
+0.00%
-10.52%
Alliancebernstein is a global investment management firm that manages portfolios for institutions, retail investors, and private wealth clients. Its primary revenue is generated from investment advisory and services fees calculated as a percentage of its $867 billion in assets under management.
FG
F&G Annuities & Life
$3.34 Bn
25.52
-3.63%
-25.31%
F&G Annuities & Life provides a broad portfolio of annuities (fixed indexed, registered index-linked, multi-year guarantee) and indexed universal life insurance policies. It generates revenue from premiums collected on these products and manages the long-duration liabilities associated with mortality and longevity risk.
FSK
FS KKR Capital
$3.33 Bn
11.90
-0.83%
-31.69%
The company explicitly states it is a closed-end management investment company that has elected to be regulated as a business development company (BDC). Its core activity is making debt and equity investments in private middle-market companies, generating revenue from interest and dividend income.
AGO
Assured Guaranty
$3.33 Bn
75.51
-0.96%
-6.09%
The company's core activity is providing financial guaranty insurance that guarantees principal and interest payments on public finance and structured finance obligations. It generates its primary revenue from insurance premiums collected on these credit protection policies.
FHB
First Hawaiian
$3.31 Bn
27.22
-1.09%
+10.83%
First Hawaiian operates as a chartered bank with a deposit and lending franchise concentrated in Hawaii, Guam, and Saipan. Its core products include checking and savings accounts, commercial and industrial loans, and residential mortgages, with revenue primarily from net interest income.
OAK-PA
Brookfield Oaktree Holdings
$3.31 Bn
20.64
-1.24%
-5.54%
The company manages pooled alternative investment capital across credit, real estate, and equity strategies, including private debt funds and corporate private equity. It serves institutional investors such as pension funds and sovereign wealth funds, operating as a leader in the alternative asset management space alongside firms like Blackstone and KKR.
KBH
2nd
Kb Home
$3.31 Bn
53.96
-2.65%
-13.26%
The company operates a financial services segment that provides mortgage origination and loan processing fees to homebuyers through its affiliated mortgage joint venture.
CMRE-PD
2nd
Costamare
$3.26 Bn
26.96
-0.88%
+1.01%
The company operates a lease financing platform called Neptune, which engages in sale and leaseback transactions and bareboat charters for various vessel types across the maritime sector.
AAMI
Acadian Asset Management
$3.26 Bn
91.77
-1.26%
+91.95%
Acadian Asset Management manages approximately $178 billion in assets for institutional investors, including pension funds and sovereign wealth funds. Its revenue is primarily generated from investment management fees charged on separate accounts and commingled funds.
OPEN
2nd
Opendoor Technologies
$3.25 Bn
3.36
-5.08%
-11.11%
The company owns title and escrow subsidiaries that provide settlement services and collect fees for title insurance, escrow, and related closing services for the majority of its transactions.
PFS
Provident Financial Services
$3.19 Bn
24.45
-0.49%
+30.96%
Provident Financial Services operates Provident Bank, a community bank serving New Jersey, Pennsylvania, and New York. It generates revenue primarily through net interest income from commercial and residential loans funded by retail deposits like checking and savings accounts.
BTC
Grayscale Bitcoin Mini Trust ETF
$3.13 Bn
28.57
+0.53%
-44.54%
The trust manages a portfolio of Bitcoin on behalf of clients (shareholders) and charges a sponsor fee based on the net asset value of the holdings. Its core activity is providing a pooled investment vehicle (ETF) for investors to gain passive exposure to a specific asset.
BOH
Bank Of Hawaii
$3.12 Bn
79.09
-0.89%
+21.94%
Bank of Hawaii is a chartered bank with a deposit and lending franchise concentrated in Hawaii, Guam, and other Pacific Islands. It generates revenue from net interest income on commercial and industrial loans, residential mortgages, and consumer credit, as well as deposit account services.
RWT-PA
Redwood Trust
$3.11 Bn
24.73
+0.16%
-1.87%
The company explicitly states it operates under a REIT structure and generates revenue from net interest income on its investment portfolio of residential consumer and residential investor housing credit assets. Its business model focuses on the credit and interest-rate exposure of mortgage-backed securities and retained interests from its own securitizations.
BHF
Brighthouse Financial
$3.08 Bn
53.64
-3.77%
+17.66%
Brighthouse Financial is a major provider of annuity and life insurance products, including term, universal, whole, and variable life insurance. It generates revenue from premiums, mortality and expense fees, and investment returns on its reserve portfolio.
FBK
FB Financial
$3.05 Bn
61.09
-0.38%
+20.11%
FB Financial operates as a bank holding company through its subsidiary FirstBank, taking deposits ($13.91 billion) and providing commercial and consumer loans across a specific southeastern regional footprint (Tennessee, Alabama, Kentucky, Georgia, and North Carolina). Its revenue is primarily driven by net interest income from commercial real estate, commercial and industrial, and consumer loans.
SII
Sprott
$3.03 Bn
117.68
-3.48%
+80.88%
Sprott operates as a specialized asset management firm managing investment portfolios including closed-end physical trusts, ETFs, and discretionary managed accounts. It generates the majority of its revenue through management fees earned from assets under management (AUM).
DBRG
DigitalBridge
$2.98 Bn
15.92
+0.06%
+43.04%
DigitalBridge is an investment manager that manages pooled alternative investment capital, specifically private equity and private credit, focused on digital infrastructure. It generates revenue through management fees, incentive fees, and carried interest from funds it sponsors, serving institutional investors like sovereign wealth funds and pensions.
GRBK
2nd
Green Brick Partners
$2.98 Bn
69.35
-2.13%
+0.78%
The company earns fees from mortgage origination through its wholly owned subsidiary, GRBK Mortgage.
GPI
2nd
Group 1 Automotive
$2.98 Bn
250.01
-3.78%
-43.92%
The company has a dedicated Finance and Insurance (F&I) segment that arranges vehicle financing and sells insurance products to consumers in connection with retail vehicle transactions.
CBZ
2nd
Cbiz
$2.97 Bn
54.73
+0.09%
-12.36%
Within its Benefits and Insurance Services segment, the company operates as a property and casualty insurance brokerage and program and specialty insurance brokerage, acting as an intermediary for clients.
AKR
2nd
Acadia Realty Trust
$2.89 Bn
21.05
+1.06%
+11.38%
The company operates an Investment Management segment that manages institutional capital through strategic opportunity funds (Fund 2, 3, 4, and 5) and earns management fees and incentive income.
BRBI
BRBI BR Partners
$2.87 Bn
9.10
-0.33%
—
The company operates as an independent advisory boutique providing strategic advisory for mergers, acquisitions, divestitures, and corporate restructurings. It generates significant revenue from advisory fees and underwriting commissions for debt and equity capital markets issuances.
STNE
StoneCo
$2.87 Bn
9.12
-1.62%
-40.93%
StoneCo originates and services credit products including working capital loans, revolving credit, and credit cards for Brazilian merchants. These credit solutions are a core revenue driver, with a credit book reaching R$2,836.3 million by the end of 2025.
ARR-PC
Armour Residential REIT
$2.84 Bn
20.84
-0.14%
-4.97%
Armour Residential REIT is a REIT whose assets consist of agency mortgage-backed securities and U.S. Treasury securities rather than physical buildings. Its revenue is derived from the net interest spread between the yield on these mortgage assets and the cost of its repurchase agreement financing.
PBI-PB
2nd
Pitney Bowes
$2.84 Bn
20.70
+0.58%
-0.10%
The company operates Pitney Bowes Bank, which provides credit and financing options specifically to enable customers to acquire mailing and shipping equipment.
HOG
2nd
Harley-Davidson
$2.83 Bn
27.24
+0.74%
-1.59%
Harley-Davidson Financial Services provides retail consumer loans to buyers of motorcycles, earning interest and fees from these credit products.
TBBK
Bancorp
$2.80 Bn
68.32
+0.07%
+4.39%
The Bancorp is a federally chartered commercial bank that operates on a national scale, combining traditional banking (deposits and lending) with diversified fee-based services like card issuance and payment processing. Its revenue is split across net interest income from loans and substantial fee income from its Fintech Solutions segment.
TRMK
Trustmark
$2.78 Bn
47.69
-0.91%
+23.69%
Trustmark is a bank holding company operating Trustmark Bank with a deposit and lending franchise concentrated in a specific region (Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas). It generates revenue primarily from net interest income on commercial and industrial loans, consumer credit, and deposits.
WAFD
Wafd
$2.77 Bn
37.46
-0.79%
+22.02%
WaFd operates as a Washington state-chartered commercial bank with a branch network concentrated in nine western states. Its core revenue is derived from net interest income on loans (commercial real estate, C&I, and consumer) and customer deposits.
GCMG
GCM Grosvenor
$2.77 Bn
13.66
-0.29%
+5.81%
GCM Grosvenor is an alternative asset manager that manages pooled capital across private equity, infrastructure, real estate, alternative credit, and absolute return strategies. Its revenue model is based on management fees and incentive fees earned from these illiquid and non-public strategies.
NBTB
Nbt Bancorp
$2.75 Bn
52.92
-0.69%
+25.02%
NBT Bancorp operates as a community-oriented financial institution with a multi-state footprint in the northeastern US, providing core banking products like checking and savings accounts, commercial and industrial loans, and residential mortgages. Its revenue is primarily driven by net interest income from these deposit and lending activities.
SPNT
SiriusPoint
$2.73 Bn
23.56
+0.34%
+29.38%
SiriusPoint operates a dedicated Reinsurance segment providing treaty and facultative reinsurance to other insurers, reinsurers, and government entities. This business focuses on absorbing risk for others, specifically in casualty, property, and catastrophe protection for natural perils.
FBNC
First Bancorp
$2.73 Bn
66.09
-0.05%
+26.27%
First Bancorp operates a state chartered bank that takes deposits and provides commercial and retail lending within a specific geographic footprint (North Carolina and South Carolina). Its revenue is primarily driven by net interest income from checking, savings, and various loan portfolios.
CUBI
Customers Bancorp
$2.72 Bn
80.67
-1.84%
+21.22%
Customers Bancorp operates as a bank holding company through Customers Bank, providing core banking products including checking, savings, and commercial and industrial loans. Its operations are concentrated across a specific set of states including Pennsylvania, New York, and California, fitting the profile of a regional bank.
BBT
Beacon Financial
$2.72 Bn
32.49
-0.34%
+28.98%
Beacon Financial operates Beacon Bank & Trust, a chartered bank with a concentrated footprint in New England and New York. It provides core banking products including checking and savings accounts, commercial and industrial loans, and residential mortgages, generating revenue primarily from net interest income.
FRME
First Merchants
$2.69 Bn
43.23
-0.67%
+10.93%
First Merchants operates as a community-focused bank with 111 locations across Indiana, Ohio, and Michigan, providing checking, savings, and commercial loans. Its revenue is primarily driven by net interest income from its loan portfolio and deposits within this specific regional footprint.
TWOD
Two Harbors Investment
$2.67 Bn
25.37
+0.08%
-0.74%
Two Harbors Investment Corp. is a REIT whose assets consist of mortgage servicing rights and Agency residential mortgage-backed securities (RMBS) rather than physical buildings. Its revenue is derived from interest payments on mortgage pass-through certificates and contractual servicing fees, fitting the profile of a Mortgage REIT.
OUNZ
VanEck Merk Gold ETF
$2.66 Bn
41.76
-1.69%
+30.05%
The company operates as an investment trust (ETF) that manages a portfolio of physical gold bullion on behalf of retail and institutional investors. It earns a sponsor's fee calculated as 0.25% of the trust's net asset value, which is characteristic of the management fee model for pooled investment vehicles.
OXSQH
Oxford Square Capital
$2.62 Bn
24.97
+0.04%
-0.12%
Oxford Square Capital Corp. explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is principally derived from interest income on corporate debt securities and loans to private companies for purposes such as organic growth and acquisitions.
SYBT
Stock Yards Bancorp
$2.60 Bn
83.70
-0.69%
+10.76%
Stock Yards Bancorp operates as a regional bank through its subsidiary, Stock Yards Bank & Trust Company, with a footprint concentrated in Kentucky, Indiana, and Ohio. It generates primary revenue from net interest income on consumer and commercial loans and retail deposits.
SKWD
Skyward Specialty Insurance
$2.59 Bn
58.44
+1.51%
+22.00%
Skyward Specialty Insurance generates its main revenue from underwriting and issuing commercial insurance policies across multiple lines, including general liability, professional liability, commercial auto, and workers compensation. It takes on the risk of financial loss for businesses in exchange for premiums collected from policyholders.
AAAU
Goldman Sachs Physical Gold ETF
$2.59 Bn
42.83
-1.72%
+30.14%
The company is an ETF (Exchange Traded Fund) that manages a portfolio of physical gold bullion on behalf of investors. It charges a sponsor fee of 0.18% of the net asset value for the management and administration of the trust's assets.
EEFT
2nd
Euronet Worldwide
$2.59 Bn
69.21
-1.90%
-27.77%
The Money Transfer segment, including brands like Ria and Xe, facilitates cross-border payments and remittances across 207 countries, accounting for 42% of consolidated revenues.
SLDE
Slide Insurance Holdings
$2.57 Bn
22.26
+3.06%
+53.09%
Slide Insurance Holdings operates as a property and casualty insurer, specifically underwriting single-family condominium and commercial residential policies. Its revenue is derived from gross premiums written and policy fees from these property insurance contracts.
BUSE
First Busey
$2.57 Bn
30.92
-0.51%
+33.33%
First Busey operates Busey Bank, an Illinois state-chartered bank that takes deposits and provides commercial, agricultural, and residential loans. Its banking footprint is concentrated in the Midwest and select regional markets across 10 states.
IVR-PC
Invesco Mortgage Capital
$2.56 Bn
24.98
+0.04%
+1.50%
The company is a REIT whose assets consist of mortgage-backed securities (Agency RMBS, Agency CMBS, non-Agency RMBS, and non-Agency CMBS) rather than physical buildings. Its revenue is generated primarily from interest income on these mortgage portfolios and gains from the sale of securities.
MFAO
Mfa Financial
$2.55 Bn
25.19
+0.16%
-0.12%
MFA Financial is an internally-managed REIT that earns revenue primarily from interest income and net gains on residential whole loans and residential mortgage securities (Agency and Non-Agency MBS). Its business model focuses on credit and interest-rate exposure to residential mortgage assets rather than renting physical property.
PFLA
PennantPark Floating Rate Capital
$2.51 Bn
25.25
+0.24%
—
The company explicitly identifies as a business development company (BDC) that originates and holds floating rate loans to U.S. middle-market enterprises. Its revenue is generated from interest income on its loan portfolio, structuring fees, and commitment fees.
MBIN
Merchants Bancorp
$2.50 Bn
54.40
-0.26%
+68.63%
The company operates a banking subsidiary, Merchants Bank, which takes retail deposits and provides traditional community banking products including commercial, agricultural, and SBA loans. Its Banking segment specifically serves retail and commercial customers in central Indiana through a branch network.
ABXL
Abacus Global Management
$2.49 Bn
25.47
-0.08%
+0.91%
Abacus Global Management manages alternative investment funds and exchange traded funds, earning base management fees and performance fees on assets under management. Its core business involves managing pooled alternative capital specifically in the life settlement market and free cash flow equity strategies for institutional and private clients.
AGM
Federal Agricultural Mortgage
$2.49 Bn
229.10
-1.20%
+19.60%
The company operates as a secondary market for agricultural and rural infrastructure loans, purchasing eligible loans from lenders and packaging them into securities. It generates revenue from net interest income on these loans and securities, as well as guarantee and commitment fees, which aligns with the activities of a mortgage lender and securitizer.
BANR
Banner
$2.47 Bn
72.73
-1.25%
+13.45%
Banner Corp operates as a Washington-chartered commercial bank with a deposit and lending franchise concentrated in the Pacific Northwest and intermountain West (Washington, Oregon, California, Idaho, Utah, and Nevada). Its core revenue is derived from net interest income on loans and deposits, and it provides traditional banking products such as checking accounts, savings accounts, and commercial loans.
NTB
Bank of N.T. Butterfield & Son
$2.41 Bn
61.44
-2.34%
+38.88%
The company is a chartered bank providing retail and commercial banking services, including personal and business deposit accounts, residential and commercial mortgages, and various loan products. Its revenue is primarily generated from interest earnings on these loans and deposits within its regional footprints in Bermuda and the Cayman Islands.
PAYO
2nd
Payoneer Global
$2.41 Bn
7.11
-0.28%
+3.64%
The company specializes in moving money across borders for SMBs, freelancers, and contractors, earning significant revenue from foreign exchange spreads on multi-currency transactions.
BXMT
Blackstone Mortgage Trust
$2.39 Bn
14.18
-0.35%
-24.01%
Blackstone Mortgage Trust is a REIT whose assets are mortgage loans and debt investments collateralized by commercial real estate rather than physical buildings. Its revenue is primarily generated from interest income on a portfolio of senior floating rate mortgages and other credit-oriented investments.
TRNI
Trinity Capital
$2.38 Bn
25.31
+0.24%
-0.94%
Trinity Capital is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue through interest income on debt investments and dividend distributions from equity and warrant holdings in private middle-market businesses.
NMFCZ
New Mountain Finance
$2.38 Bn
25.15
+0.00%
-0.75%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is generated from interest income on senior secured loans and dividend income from equity holdings in US upper middle market companies.
TRN
2nd
Trinity Industries
$2.36 Bn
29.66
-0.70%
+6.69%
The company provides non-bank financing through full service operating leases for freight and tank railcars to industrial shippers and railroads, which fits the specialty finance niche for equipment leasing.
BITB
Bitwise Bitcoin ETF
$2.34 Bn
35.07
+0.54%
-44.56%
The Trust operates as an exchange-traded product that manages a portfolio of bitcoin on behalf of investors, charging a management fee of 0.20% of assets. Its core activity is providing a pooled investment vehicle for individuals and institutions to gain exposure to a specific asset.
UWMC
UWM Holdings
$2.33 Bn
1.45
-2.68%
-73.00%
UWM Holdings originates, underwrites, and sells residential mortgage loans into the secondary market, generating revenue from gains on sale and mortgage servicing rights. The company specifically focuses on conforming and government-eligible loans and is described as the largest residential mortgage lender in the U.S.
GSHD
Goosehead Insurance
$2.30 Bn
64.78
+0.59%
-24.05%
Goosehead Insurance operates as an independent insurance agency that places personal lines policies with over 200 carrier partners. It earns revenue through commissions and fees from these carriers and clients, but it does not underwrite the risk itself.
HCI
Hci
$2.30 Bn
184.34
+1.06%
+19.34%
HCI Group is primarily engaged in the property and casualty insurance business, generating revenue from premiums collected on homeowners' policies written by Homeowners Choice Property & Casualty Insurance Company and TypTap Insurance Company.
ADAMH
Adamas Trust
$2.29 Bn
25.48
+0.16%
+0.00%
Adamas Trust is a REIT whose assets consist of mortgage-related residential assets, including Agency and non-Agency RMBS and residential loans. Its revenue is primarily derived from net interest spread on these levered mortgage portfolios and gains on the sale of securities.
NWBI
Northwest Bancshares
$2.29 Bn
15.64
-0.32%
+30.77%
Northwest Bancshares operates as a community-oriented bank with a deposit and lending franchise concentrated in Pennsylvania, western New York, northeastern Ohio, and Indiana. Its core products include retail checking and savings accounts, commercial and industrial loans, and residential mortgages, with revenue primarily driven by net interest income.
FIISO
Financial Institutions
$2.28 Bn
115.65
+0.00%
-11.05%
The company operates Five Star Bank, a New York-chartered bank that takes deposits (checking, savings, CDs) and provides commercial and consumer loans within a specific geographic footprint (Western and Central New York). Its revenue is driven by net interest income from these deposit and lending activities.
PMTU
PennyMac Mortgage Investment Trust
$2.25 Bn
25.84
+0.35%
+0.90%
The company is explicitly identified as a mortgage REIT that invests in mortgage-related assets, including mortgage-backed securities and mortgage servicing rights. Its revenue is derived from net interest income on these mortgage portfolios and gains on the sale of loans.
PLUS
2nd
Eplus
$2.25 Bn
86.14
-0.74%
+19.56%
The Financing segment provides non-bank financing specifically for IT equipment through sales-type and operating leases and loans.
WU
Western Union
$2.24 Bn
7.20
+0.28%
-14.89%
Western Union's core business is cross-border and domestic money movement, with the Consumer Money Transfer segment accounting for 87% of total revenue. It generates income primarily from transaction fees and foreign exchange spreads on funds sent via its global retail agent network and digital platforms.
OFG
Ofg Bancorp
$2.24 Bn
53.06
-0.97%
+23.28%
OFG Bancorp operates as a financial holding company whose principal subsidiary, Oriental Bank, provides checking, savings, and certificates of deposit, alongside commercial, consumer, auto, and mortgage loans. Its operations are concentrated in Puerto Rico and the U.S. Virgin Islands, fitting the profile of a regional bank.
INTR
Inter
$2.24 Bn
5.09
-3.78%
-37.93%
Inter&Co operates as a digital bank with a banking charter, providing a full suite of services including deposits (digital accounts), credit, and investments. Its revenue is split across multiple banking business lines including net interest income from lending and fee income from banking and spending services.
DJT
2nd
Trump Media & Technology
$2.24 Bn
8.06
-0.49%
-56.22%
Through its Truth.Fi brand, the company manages investment portfolios via separately managed accounts and exchange-traded funds (ETFs) such as TSSD and TSFN, earning management fees from these activities.
HTH
Hilltop Holdings
$2.24 Bn
39.02
-0.79%
+21.26%
The company operates a banking segment providing traditional services such as commercial and industrial loans, commercial real estate loans, and treasury management primarily in Texas. This matches the profile of a regional bank with a concentrated geographic footprint.
PRCH
Porch
$2.20 Bn
16.68
-0.48%
+4.51%
The company operates a reciprocal exchange and subsidiary, Homeowners of America, which underwrites homeowners insurance policies in twenty states. It earns revenue from premiums collected on these policies and management fees for underwriting and risk management.
AHL-PF
Aspen Insurance Holdings
$2.19 Bn
23.81
+0.25%
-3.21%
Aspen underwrites specialty insurance, including first party, casualty, liability, and financial and professional lines through subsidiaries like Aspen UK and Aspen Specialty. These activities involve taking on risk for corporate clients in exchange for premiums.
ECPG
Encore Capital
$2.17 Bn
102.21
-1.42%
+148.44%
Encore Capital is a specialty finance company that acquires portfolios of defaulted consumer receivables at deep discounts and manages them for recovery. This non-bank commercial lending activity, specifically the purchase and holding of non-performing consumer debt, fits the specialty finance niche.
ARKB
Ark 21Shares Bitcoin ETF
$2.17 Bn
21.42
+0.47%
-44.59%
The company is an exchange-traded fund (ETF) that manages an investment portfolio of bitcoin on behalf of clients to track a specific index. It earns revenue through a unitary sponsor fee of 0.21 percent per annum applied to the total value of its holdings.
LTC
2nd
Ltc Properties
$2.16 Bn
40.02
-1.21%
+12.70%
The company has a significant financing business, generating revenue from mortgage loans receivable and construction financing for health care properties.
FCF
First Commonwealth Financial
$2.16 Bn
21.33
-0.79%
+27.04%
First Commonwealth operates as a community bank with a network of 126 offices concentrated in western and central Pennsylvania and Ohio. Its core revenue is derived from net interest income on a loan portfolio including commercial, residential, and consumer loans, funded by retail deposits such as checking, savings, and certificates of deposit.
HAPN
Happen
$2.14 Bn
18.57
-3.23%
+16.50%
LendingClub operates as a nationally chartered digital bank that combines retail banking (FDIC insured savings, checking, and CDs) with a diversified set of activities including a loan marketplace and capital markets activities (selling loans to investors). This multi-segment character, combined with its national charter and deposit-taking, fits the definition of a Money Center Bank.
CIMP
Chimera Investment
$2.12 Bn
25.27
+0.16%
—
Chimera Investment Corp is a REIT that generates its primary revenue from net interest income on a diversified portfolio of mortgage assets, including residential mortgage loans, RMBS, and CMBS. It explicitly identifies as a mortgage REIT and uses securitization and repurchase agreements to finance these mortgage-backed assets.
SRCE
1St Source
$2.11 Bn
87.73
-0.19%
+43.35%
1st Source Bank operates a network of 78 banking centers across Indiana, Michigan, and Florida, providing core banking products such as checking and savings accounts, commercial loans, and residential mortgages. Its revenue is primarily driven by net interest income from these loans and deposits, as well as treasury management fees.
MFICL
MidCap Financial Investment
$2.10 Bn
25.47
+0.00%
—
The company explicitly states it has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. Its core activity is originating and holding first lien senior secured loans and equity interests in private middle-market companies.
HMN
Horace Mann Educators
$2.09 Bn
51.60
+0.66%
+15.59%
The company is an insurance holding company that generates significant revenue from its Property & Casualty segment, which provides auto, homeowners, and renters insurance, generating $804.4 million in direct premiums.
NTST
2nd
Netstreit
$2.08 Bn
20.53
+0.49%
+10.55%
The company generates a portion of its revenue from interest income derived from mortgage loans secured by real estate, which it invests in alongside its property portfolio.
STC
Stewart Information Services
$2.07 Bn
68.09
+0.12%
-2.59%
The company is one of the largest global title insurance underwriters, generating its primary revenue from title insurance premiums issued to lenders and owners. It provides core title services including search, examination, and the issuance of policies to protect against defects in title.
CHCO
City Holding
$2.05 Bn
146.22
+0.36%
+18.57%
City Holding operates through City National Bank of West Virginia, a chartered bank with a deposit and lending franchise concentrated in West Virginia, Kentucky, Virginia, and southeastern Ohio. Its revenue is primarily driven by interest income on its loan portfolio and fees for deposit and treasury management services.
BLX
Bladex
$2.05 Bn
54.59
-0.91%
+21.23%
Bladex is a chartered multinational bank that generates revenue primarily through net interest income from a loan portfolio of $11,184 million. It provides core banking products such as short and medium term loans, letters of credit, and guarantees to corporate and financial institution clients.
GLTR
abrdn Precious Metals Basket ETF Trust
$2.04 Bn
195.36
-2.44%
+38.71%
The Trust operates as an ETF issuer that manages a portfolio of physical precious metals (gold, silver, platinum, and palladium) on behalf of investors. Its core activity is providing a pooled investment vehicle where shares reflect the market performance of the underlying assets.
LOB
Live Oak Bancshares
$1.97 Bn
42.62
-1.64%
+24.29%
Live Oak Bancshares owns Live Oak Banking Company, which is a chartered bank that gathers deposits and originates loans. Its revenue is primarily generated from net interest income on small business loans and deposit account charges.
CCS
2nd
Century Communities
$1.97 Bn
69.37
-1.41%
+6.46%
The company's Financial Services segment, through Inspire Home Loans Inc., provides mortgage services to homebuyers.
PLGO
Pelagos Insurance Capital
$1.95 Bn
23.58
+0.21%
+38.62%
The company operates an Insurance segment that underwrites a diverse portfolio of specialty risks, including property, marine, cyber, aviation, and political risk. It generates revenue primarily from gross premiums written on these insurance policies.
USO
United States Oil Fund
$1.94 Bn
130.67
+0.30%
+78.58%
United States Oil Fund, LP operates as a commodity pool that manages an investment portfolio of oil futures contracts and related instruments on behalf of its shareholders. Its core activity is deciding how to invest capital to track the daily percentage changes in the spot price of light, sweet crude oil.
NBHC
National Bank Holdings
$1.92 Bn
43.00
-0.49%
+13.40%
National Bank Holdings operates as a bank holding company with a network of over 90 banking centers concentrated in specific regions including Colorado, Kansas City, Texas, Utah, Wyoming, New Mexico, and Idaho. Its core revenue is driven by net interest income from commercial and industrial loans, commercial real estate, and residential mortgages funded by deposit accounts.
ETOR
eToro
$1.91 Bn
27.77
-1.24%
-41.70%
eToro operates a platform where individual retail investors buy and sell equities, commodities, currencies, and cryptoassets. Its revenue model is based on trading commissions, spreads, and payment for order flow typical of a retail brokerage.
IDT
2nd
Idt
$1.90 Bn
66.62
+0.06%
+6.64%
The Fintech segment generates revenue from international money remittance through BOSS Money and electronic money services provided by IDT Services Limited.
SMA
2nd
SmartStop Self Storage REIT
$1.89 Bn
34.17
+0.26%
-0.93%
The company generates revenue from financing activities, providing mezzanine loans, bridge loans, promissory notes, and preferred equity to Managed REITs and joint venture properties.
FSUN
Firstsun Capital Bancorp
$1.89 Bn
40.44
-1.32%
+10.19%
FirstSun Capital Bancorp operates as a regional bank through its subsidiary Sunflower Bank, providing checking and savings accounts, commercial and industrial loans, and commercial real estate loans. Its operations are concentrated in a specific geographic footprint including Texas, Kansas, Colorado, New Mexico, Arizona, California, and Washington.
BBAR
Banco BBVA Argentina
$1.89 Bn
14.77
-3.27%
-8.88%
Banco BBVA Argentina is a chartered bank operating in Argentina that takes deposits and provides loans to retail, SME, and corporate clients. Its core revenue is generated from net interest income on its loan portfolio and fees from checking and savings accounts.
UMH-PD
2nd
Umh Properties
$1.86 Bn
21.75
+0.37%
-3.59%
Through its taxable REIT subsidiary and the COP program with Triad Financial, the company provides financing for manufactured home purchases to residents and prospective buyers.
ANG-PD
American National
$1.85 Bn
23.21
+0.78%
-9.09%
American National underwrites life insurance policies, including whole life, universal life, and variable universal life, and sells annuity products such as fixed index and fixed rate annuities. Its revenue is derived from premiums on these policies and annuity contracts, taking on mortality and longevity risk.
TFIN
Triumph Financial
$1.82 Bn
76.27
-1.78%
+41.91%
Triumph Financial operates TBK Bank, which provides a full suite of traditional lending and deposit products, including commercial real estate, construction, and consumer loans, concentrated in specific regional markets like Iowa, Illinois, Colorado, New Mexico, and Kansas.
HOPE
Hope Bancorp
$1.82 Bn
14.24
-0.84%
+37.45%
Hope Bancorp operates Bank of Hope and Territorial Savings, which are chartered banks providing checking and savings accounts and commercial loans. Its revenue is primarily derived from net interest income on its loan portfolio funded by deposits across a specific regional footprint in the US and Hawaii.
TCBK
Trico Bancshares
$1.81 Bn
56.70
-1.32%
+32.41%
TriCo Bancshares operates Tri Counties Bank, a California-chartered commercial bank that takes deposits (demand, savings, and time deposits) and provides loans to individuals and businesses within its California footprint. Its revenue is derived from net interest income on consumer, commercial, and real estate loans, as well as treasury management fees.
PAX
Patria Investments
$1.81 Bn
11.26
-1.40%
-17.08%
Patria Investments is a global alternative investment firm managing pooled capital across private equity, infrastructure, and credit strategies. Its revenue model is based on management fees and performance/incentive fees from institutional and high-net-worth investors.
DBC
Invesco DB Commodity Index Tracking Fund
$1.81 Bn
30.48
-0.29%
+39.88%
The company operates as an exchange traded fund (ETF) that manages an investment portfolio of commodity futures and Treasury obligations on behalf of investors. It earns returns by making investment decisions based on the DBIQ Optimum Yield Diversified Commodity Index.
DCOM
Dime Commercial Bancshares
$1.80 Bn
40.65
-0.66%
+41.79%
The company operates as a bank holding company for Dime Community Bank, a New York State chartered trust company focused on the Greater Long Island and New York City metropolitan area. It generates revenue from net interest income on a diversified loan portfolio including commercial real estate, residential mortgages, and consumer loans, as well as deposit account services.
EZPW
Ezcorp
$1.79 Bn
29.17
-0.41%
+82.65%
Ezcorp provides cash advances (pawn loans) against personal property to individuals and small businesses, generating revenue primarily from pawn service charges. This is a form of consumer lending conducted outside a traditional deposit-taking bank.
STBA
S&T Bancorp
$1.79 Bn
50.75
-0.49%
+35.48%
S&T Bancorp operates as a Pennsylvania chartered bank with 72 branches concentrated in Pennsylvania and Ohio. Its core business involves taking deposits and originating commercial, consumer, and mortgage loans, with revenue primarily derived from net interest income.
CNOB
ConnectOne Bancorp
$1.78 Bn
32.81
+0.09%
+36.25%
ConnectOne Bancorp operates as a bank holding company for ConnectOne Bank, which takes deposits (checking, savings, money market) and provides loans (commercial, residential, consumer) within a specific geographic footprint in the New York metro area and Florida. Its revenue is primarily derived from net interest income and deposit-related fees.
EVTC
2nd
Evertec
$1.77 Bn
29.63
-2.50%
-19.98%
The company operates the ATH debit network, providing authorization, processing, and recording of ATM and POS transactions, which functions as the network rails connecting banks.
TSLX
Sixth Street Specialty Lending
$1.77 Bn
18.56
+0.49%
-22.76%
The company explicitly identifies as a business development company (BDC) that originates and holds loans and equity in U.S. domiciled middle market companies. Its revenue is primarily derived from interest income on senior secured loans, mezzanine loans, and dividends on equity investments.
BY
Byline Bancorp
$1.77 Bn
39.10
-0.13%
+42.39%
Byline Bancorp operates as a community-focused commercial bank with a branch network concentrated in the Chicago metropolitan and Milwaukee areas. It generates revenue primarily from net interest income on commercial and industrial loans, commercial real estate loans, and retail deposits.
CASH
Pathward Financial
$1.76 Bn
84.64
-0.88%
+12.24%
Pathward Financial is a national bank holding company with a wholly owned national bank subsidiary that takes deposits and operates on a nationwide scale. Its revenue is split across multiple banking business lines, including retail/consumer payments (Partner Solutions) and commercial lending (Commercial Finance), fitting the multi-segment character of a Money Center Bank.
BFC
Bank First
$1.73 Bn
155.98
-0.57%
+27.13%
Bank First operates as a community-focused bank with a branch network concentrated in Wisconsin and Illinois. Its core revenue is derived from net interest income on commercial, industrial, and consumer loans, as well as deposit-taking activities.
QCRH
Qcr Holdings
$1.70 Bn
103.91
-0.89%
+37.98%
QCR Holdings operates four wholly owned banking subsidiaries (Quad City Bank & Trust, Cedar Rapids Bank & Trust, Community State Bank, and Guaranty Bank) that provide commercial and consumer banking services within a specific regional footprint in the Midwest. Its revenue is primarily driven by net interest income from loans and deposits, which is the core characteristic of a regional bank.
PGY
2nd
Pagaya Technologies
$1.69 Bn
20.32
-2.91%
-40.18%
The company generates returns from capital deployed through financing vehicles that purchase loans, managing these assets for institutional investors such as pension funds, sovereign wealth funds, and asset management firms.
BWET
Amplify Commodity Trust
$1.69 Bn
396.10
+3.76%
+3,335.39%
Amplify Commodity Trust operates as a commodity pool that manages investment portfolios (BDRY and BWET) to provide investors with exposure to freight futures prices. It earns revenue through management fees charged to the funds for making investment decisions and managing the portfolios.
HTFC
Horizon Technology Finance
$1.67 Bn
24.99
+0.08%
+1.30%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue through interest income from a debt investment portfolio and fee income from secured term loans made to private middle-market companies.
PRG
PROG Holdings
$1.65 Bn
41.51
-1.40%
+24.51%
PROG Holdings provides consumer credit products, specifically lease-to-own solutions via Progressive Leasing and buy-now-pay-later installments via Four. These services are extended directly to consumers for the purchase of durable goods like furniture and electronics, generating revenue from lease transactions and transaction income.
JSM
Navient
$1.65 Bn
17.62
-0.68%
-8.80%
Navient originates, underwrites, and services private education loans for students and families through its Earnest brand. It generates revenue from net interest income on these consumer loans and origination fees, operating outside a traditional deposit-taking bank structure.
OBK
Origin Bancorp
$1.65 Bn
53.53
-0.11%
+44.95%
Origin Bancorp operates as a regional bank through Origin Bank, serving a specific geographic footprint including Texas, Louisiana, Mississippi, South Alabama, and the Florida Panhandle. Its core revenue is derived from net interest income on commercial, construction, and consumer loans, funded by a deposit franchise consisting of business, consumer, and public fund deposits.
ETH
Grayscale Ethereum Staking Mini ETF
$1.64 Bn
18.25
+0.33%
-55.51%
The company operates as an ETF (Exchange Traded Fund) that manages a portfolio of Ether on behalf of investors. It earns revenue through a sponsor fee based on its net asset value, which is the classic revenue model for an asset manager.
AHRT-PA
2nd
AH Realty Trust
$1.63 Bn
21.86
-0.36%
+2.05%
The company has a dedicated 'Real estate financing' segment that provides preferred equity investments and mezzanine financing for third-party development projects, earning interest income.
CNF
CNFinance Holdings
$1.60 Bn
2.33
+1.75%
-56.04%
The company's core business is providing home equity loans secured by first or second lien interests on real properties for MSE owners. It generates revenue through origination and service fees from trust companies and commercial banks, as well as through its own direct lending subsidiaries that hold licenses for small loan lending.
CSWC
Capital Southwest
$1.57 Bn
24.59
-0.20%
+8.90%
Capital Southwest is explicitly described as a regulated business development company (BDC) that originates and holds loans and equity in lower middle market businesses. Its revenue is primarily generated through interest income from first lien debt securities and capital appreciation from preferred and common stock.
KMPR
Kemper
$1.54 Bn
26.22
+0.04%
-50.39%
Kemper's largest revenue driver is its Specialty Property & Casualty Insurance segment, which provides personal and commercial automobile coverage. This segment produced $2,990.3 million in earned premiums over the nine months ended September 30, 2025.
INVA
2nd
Innoviva
$1.54 Bn
21.25
+1.38%
+2.26%
The company maintains a 'Strategic Investments' segment where it holds equity stakes in various healthcare and biotech companies, such as Armata Pharmaceuticals and InCarda Therapeutics, to generate financial returns through appreciation or strategic exits.
LKFN
Lakeland Financial
$1.53 Bn
61.48
-0.55%
-3.07%
Lakeland Financial operates Lake City Bank, a chartered bank with a deposit and lending franchise concentrated in fifteen Indiana counties. Its core revenue comes from net interest income on commercial, industrial, agricultural, and consumer loans, as well as deposit and treasury-management fees.
KW
2nd
Kennedy-Wilson Holdings
$1.52 Bn
10.92
+0.00%
+66.46%
The company operates an investment management platform managing over $36.4 billion in assets for institutional sponsors, including pension funds and sovereign wealth funds. It earns asset management fees, acquisition/disposition fees, and carried interest from these pooled alternative real-asset strategies.
IIPR
2nd
Innovative Industrial Properties
$1.52 Bn
55.05
-1.45%
+5.72%
The company provides non-bank financing and credit facilities, specifically citing a credit facility extended to IQHQ and fees associated with loan origination and servicing activities.
SAFT
Safety Insurance
$1.52 Bn
103.28
-0.08%
+40.86%
Safety Insurance Group underwrites private passenger and commercial automobile insurance policies, taking on the risk of financial loss from accidents and property damage. Its revenue is primarily derived from insurance premiums written on these policies.
AMAL
Amalgamated Financial
$1.50 Bn
50.18
-1.26%
+73.75%
Amalgamated Financial operates Amalgamated Bank, which provides a full suite of retail and commercial banking products including checking, savings, and certificates of deposit. Its revenue is primarily driven by net interest income from commercial and industrial loans, commercial real estate, and consumer loans.
ATLC
Atlanticus Holdings
$1.48 Bn
97.58
-2.56%
+54.18%
Atlanticus operates as a non-bank lender that originates and holds consumer receivables, specifically purchasing card receivables and auto loans. It earns revenue from interest and fee income on these purchased loans and provides floor plan financing to auto dealers, fitting the specialty finance profile.
ETHE
Grayscale Ethereum Staking ETF
$1.48 Bn
15.40
+0.33%
-57.15%
The trust operates as an investment vehicle (ETF) that manages a portfolio of Ethereum tokens on behalf of shareholders to provide exposure to the asset's price and staking income. It earns revenue via a sponsor fee equal to 2.5% of the net asset value, which is characteristic of an asset management structure.
PEBO
Peoples Bancorp
$1.47 Bn
40.99
-0.19%
+38.53%
Peoples Bancorp operates as a financial holding company for Peoples Bank, an Ohio state chartered bank that provides checking, savings accounts, and loans to individuals and businesses across a specific regional footprint including Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland.
QFIN
2nd
Qfin Holdings
$1.47 Bn
12.06
+1.01%
-59.67%
The company operates a micro-lending subsidiary, Fuzhou Microcredit, through which it originates loans and collects interest income directly from borrowers.
BHRB
Burke & Herbert Financial Services
$1.46 Bn
72.36
+0.04%
+20.48%
The company operates as a Virginia-chartered commercial bank with a deposit and lending franchise concentrated in the Washington, D.C. metropolitan area and surrounding regions. It provides core banking products including checking, savings, commercial and industrial loans, and commercial real estate loans to local businesses and individuals.
FBRT-PE
Franklin BSP Realty Trust
$1.46 Bn
19.32
-0.10%
-9.97%
The company is a REIT that generates revenue from a portfolio of commercial real estate debt investments, including first mortgage loans, mezzanine loans, and commercial mortgage-backed securities (CMBS). Its primary business is earning a spread on these mortgage assets rather than renting physical property.
