BRK-B
Berkshire Hathaway
$1.23Tn
571.47
-1.41%
+16.92%
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
$895.44Bn
337.19
-4.28%
+8.18%
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
$760.19Bn
422.33
-3.28%
+24.20%
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
$567.35Bn
655.44
-2.53%
+18.46%
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.
BSAC
Banco Santander Chile
$405.91Bn
32.31
-2.33%
+12.34%
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.
BAC
Bank Of America
$344.61Bn
49.78
-3.56%
-5.09%
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.
LYG
Lloyds Banking
$306.56Bn
5.18
-1.52%
+9.75%
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.
HSBC
Hsbc Holdings
$302.63Bn
88.10
-1.50%
+24.22%
HSBC is a globally scaled universal bank that holds banking charters and takes deposits across multiple regions. Its revenue is split across retail and commercial banking, capital markets, wealth management, and custody/securities services.
MS
Morgan Stanley
$285.60Bn
182.47
-5.94%
+10.47%
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
$285.44Bn
203.79
-2.85%
+39.91%
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.
TM
2nd
Toyota Motor
$284.15Bn
218.01
+9.35%
+9.47%
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.
WFC
Wells Fargo & Company
$254.50Bn
84.78
-3.04%
-2.50%
Wells Fargo is a globally scaled bank holding company 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 Banking and Lending and Corporate and Investment Banking, fitting the multi-segment character of a Money Center Bank.
CAT
2nd
Caterpillar
$253.27Bn
553.47
-6.39%
-2.75%
Through Cat Financial, the company provides specialty financing, including loans and leases to customers and dealers for equipment purchases.
GS
Goldman Sachs
$250.58Bn
868.24
-6.46%
+9.48%
Goldman Sachs is a globally scaled bank holding company with a U.S. depository institution subsidiary (Goldman Sachs Bank USA) that takes deposits. Its revenue is split across multiple banking lines including retail/commercial banking (Marcus, transaction banking), capital markets (FICC and Equities intermediation), and wealth management.
MUFG
Mitsubishi Ufj Financial
$250.17Bn
21.08
-4.09%
+39.88%
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.
IBM
2nd
International Business Machines
$233.58Bn
247.14
-2.83%
-19.44%
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.
AXP
American Express
$217.91Bn
324.75
-2.36%
-11.22%
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.
TD
Toronto Dominion Bank
$207.93Bn
123.07
-3.97%
+52.58%
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.
BLK
BlackRock
$180.90Bn
1,170.09
-4.45%
+8.99%
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.
DE
2nd
Deere
$178.91Bn
663.54
-1.89%
+40.08%
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.
SAN
Banco Santander
$176.42Bn
12.01
-0.50%
+17.51%
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.
QCOM
2nd
Qualcomm
$168.04Bn
156.75
-9.49%
-12.78%
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.
UBS
UBS Group AG
$162.94Bn
48.76
-3.75%
+27.08%
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.
SCHW
Schwab Charles
$160.22Bn
92.65
-0.77%
-1.10%
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.
RACE
2nd
Ferrari
$156.88Bn
422.62
-2.21%
+3.92%
Through Ferrari Financial Services, the company provides retail client financing for the purchase of current, pre-owned, and classic Ferrari models.
BBVA
Banco Bilbao Vizcaya Argentaria
$145.58Bn
25.50
+0.28%
+24.63%
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.
CB
Chubb
$142.18Bn
371.68
-0.68%
+31.22%
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
$137.24Bn
473.40
-1.71%
+0.66%
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.
PGR
Progressive
$135.09Bn
233.17
-0.76%
+11.60%
Progressive underwrites property and casualty insurance, specifically providing coverage for personal and commercial auto, homeowners, condo, renters, and general liability. Its revenue is primarily derived from collecting insurance premiums from these policyholders.
GLD
Spdr Gold Trust
$132.18Bn
375.51
+0.82%
+2.46%
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.
HDB
Hdfc Bank
$126.64Bn
24.68
+1.44%
-31.12%
HDFC Bank is a globally scaled private sector bank that holds a banking charter, takes deposits, and operates across multiple banking lines including retail, wholesale, and treasury services. Its revenue is a mix of net interest income from loans and substantial fee income from cash management, trade services, and credit cards.
COF
Capital One Financial
$122.68Bn
203.95
-1.13%
-7.88%
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.
BMO
Bank Of Montreal
$122.24Bn
172.44
-2.78%
+40.50%
Bank of Montreal is a globally scaled bank that holds banking charters and takes deposits across North America. Its revenue is split across multiple banking lines including retail and commercial banking, wealth management, and capital markets.
ADP
2nd
Automatic Data Processing
$121.50Bn
307.14
+1.19%
+18.33%
ADP earns revenue from investment management services offered to retirement plan clients, managing these assets as part of its retirement administration offerings.
CME
Cme
$109.81Bn
307.24
-0.33%
+14.64%
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.
CM
Canadian Imperial Bank Of Commerce
$107.14Bn
115.63
-3.53%
+38.73%
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.
MRSH
Marsh & Mclennan Companies
$99.49Bn
209.46
-0.48%
+17.41%
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.
BNY
Bank of New York Mellon
$99.27Bn
147.52
-3.32%
+35.73%
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.
ICE
Intercontinental Exchange
$97.09Bn
174.00
-0.54%
+19.01%
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.
INTU
2nd
Intuit
$95.23Bn
354.84
-0.50%
-45.85%
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.
ING
Ing Groep
$94.71Bn
32.63
-0.73%
+28.26%
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.
BN
Brookfield
$93.85Bn
41.76
-3.11%
-9.02%
Brookfield operates a massive asset management business managing over $1 trillion in assets, earning revenue through management fees, performance fees, and carried interest from private funds and perpetual strategies. It manages illiquid real assets, private equity, and infrastructure for institutional and high-net-worth investors.
USB
Us Bancorp \De\
$93.25Bn
59.85
-1.93%
+28.05%
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.
BX
Blackstone
$90.21Bn
119.86
-4.49%
-16.95%
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.
PNC
Pnc Financial Services
$89.97Bn
226.76
-2.87%
+23.14%
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.
SMFG
Sumitomo Mitsui Financial
$89.87Bn
23.48
-4.75%
+45.48%
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.
MCO
Moodys
$88.74Bn
514.71
-2.59%
+5.81%
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.
CIB
Grupo Cibest
$88.53Bn
92.04
-2.49%
+55.66%
Grupo Cibest operates as a large, globally scaled financial group with a banking charter that takes deposits and provides a diverse mix of retail and commercial banking, capital markets, and wealth management. Its revenue is split across multiple banking business lines including retail banking in Colombia, El Salvador, and Guatemala, as well as international banking and investment banking.
KKR
Kkr
$88.29Bn
98.34
-2.97%
-17.28%
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.
WEBNF
Westpac Banking
$87.36Bn
25.54
-3.73%
+2.65%
Westpac is described as a major financial institution with a diverse client base spanning retail, corporate, and wholesale segments. Its revenue is split across multiple banking lines, including interest income from loan and deposit portfolios and fee-based revenue from transaction processing and advisory services.
BAM
Brookfield Asset Management
$83.87Bn
52.51
-2.97%
-2.72%
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.
UPS
2nd
United Parcel Service
$83.47Bn
111.05
-2.84%
+19.52%
UPS sells insurance offerings specifically designed to protect shipments against loss or damage, taking on the risk of financial loss for these insured events.
TRV
Travelers Companies
$82.54Bn
402.76
-1.59%
+45.58%
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.
AMUB
Ubs Ag
$80.99Bn
20.99
-4.85%
+12.61%
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.
ITUB
Itau Unibanco Holding
$80.28Bn
7.28
+0.00%
+0.28%
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.
CVNA
2nd
Carvana
$79.45Bn
72.07
-7.08%
+16.35%
The company generates additional revenue through in-house financing offered via its proprietary loan origination platform, extending credit directly to consumers for vehicle purchases.
BCS
Barclays
$79.11Bn
22.82
-3.67%
+7.34%
Barclays is a globally scaled universal bank that holds banking charters and takes deposits across multiple segments, including retail, commercial, and investment banking. Its revenue is diversified across net interest income from deposits and substantial fee income from capital markets and wealth management.
GM
2nd
General Motors
$75.72Bn
89.19
-3.49%
+29.69%
Through GM Financial, the company provides commercial lending to dealers, including floorplan financing for vehicle inventory and loans for dealership facility improvements.
MFC
Manulife Financial
$74.91Bn
43.99
-4.33%
+32.10%
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.
AJG
Arthur J. Gallagher
$73.88Bn
288.14
-0.12%
+16.16%
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.
AON
Aon
$73.07Bn
344.42
-0.07%
+0.80%
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.
HOOD
Robinhood Markets
$70.63Bn
78.39
-10.32%
-44.98%
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.
DB
Deutsche Bank Aktiengesellschaft
$69.30Bn
36.42
-0.84%
+0.00%
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.
APO
Apollo Global Management
$69.29Bn
117.31
-4.45%
-12.29%
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).
ALL
Allstate
$66.46Bn
266.90
-0.80%
+37.05%
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.
NWG
NatWest
$65.57Bn
15.94
-3.80%
+2.84%
NatWest is a globally scaled bank with a banking charter that takes deposits and operates across multiple banking business lines, including retail, commercial, wealth management, and institutional finance. Its revenue is a mix of net interest income from lending and substantial fee income from wealth management and trading activities.
SNTUF
Santander UK
$65.21Bn
2.10
+0.00%
+24.26%
Santander UK is a ring-fenced bank that takes deposits through current and savings accounts and lends within the UK geographic footprint. Its revenue is primarily driven by net interest income from mortgages, personal loans, and business lending.
PSA
2nd
Public Storage
$63.62Bn
340.52
-0.66%
+22.09%
The company provides bridge lending financing to third-party self-storage owners, with a reported bridge loan receivable balance of $142.1 million.
MET
Metlife
$63.62Bn
99.76
-2.99%
+26.79%
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
$62.54Bn
126.17
+0.69%
+13.42%
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
$60.18Bn
132.55
+0.81%
+37.36%
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.
TFC
Truist Financial
$59.72Bn
49.83
-2.08%
+13.10%
Truist operates as a chartered bank with a defined geographic footprint across several U.S. states, providing core banking 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 loans and deposit-related fees.
NDAQ
Nasdaq
$59.66Bn
106.83
-2.62%
+24.86%
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.
FRFHF
Fairfax Financial Holdings
$58.98Bn
1,943.00
-1.37%
+22.94%
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.
HPE
2nd
Hewlett Packard Enterprise
$58.54Bn
44.08
-11.96%
+85.91%
The Financial Services segment provides non-bank financing, leasing, and asset management services to support the deployment of technology hardware and software.
NU
Nu Holdings
$56.74Bn
11.74
-2.00%
-27.40%
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.
O
2nd
Realty Income
$56.53Bn
59.44
+0.37%
+5.92%
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.
PCAR
2nd
Paccar
$55.02Bn
104.50
-1.56%
+3.73%
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.
HMC
2nd
Honda Motor
$54.76Bn
36.24
+2.78%
+17.36%
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.
MSTR
2nd
Strategy
$52.02Bn
129.30
-9.29%
-49.29%
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.
PYPL
2nd
PayPal Holdings
$49.35Bn
58.96
-2.06%
-13.37%
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.
F
2nd
Ford Motor
$49.15Bn
12.53
-1.18%
-4.42%
Ford Credit provides automotive financing and leasing products to dealers and consumers, generating revenue from retail installment sale contracts, finance leases, and dealer financing programs.
FITB
Fifth Third Bancorp
$48.37Bn
53.31
-2.59%
+25.41%
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.
FNV
Franco Nevada
$48.34Bn
250.72
+3.50%
+33.56%
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.
ARES
Ares Management
$48.05Bn
133.39
-2.52%
-12.96%
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.
MSCI
Msci
$47.04Bn
656.10
-2.74%
+14.72%
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.
STT
State Street
$45.07Bn
165.21
-4.72%
+41.33%
State Street is one of the world's largest custodial banks, providing global custody, fund administration, and accounting services to institutional investors. Its Investment Servicing segment generates significant revenue from these back- and middle-office solutions for mutual funds, insurance companies, and sovereign wealth funds.
DHI
2nd
Horton D R
$44.25Bn
157.64
+0.40%
+8.52%
The company operates a financial services segment through DHI Mortgage, which earns fees from mortgage origination.
AMP
Ameriprise Financial
$44.21Bn
509.22
-3.47%
+10.92%
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.
PAYX
2nd
Paychex
$42.54Bn
119.50
+0.67%
+2.58%
The company operates an insurance brokerage business, providing insurance solutions and brokerage services to its clients as a substantive revenue stream.
RKT
Rocket Companies
$42.08Bn
14.82
-1.20%
-9.08%
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.
AIG
American International
$41.98Bn
80.94
-0.94%
+6.05%
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.
PRU
Prudential Financial
$41.96Bn
122.32
-3.43%
+17.13%
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.
SLF
Sun Life Financial
$40.63Bn
73.37
-10.51%
+18.97%
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.
IX
Orix
$40.23Bn
35.79
-3.32%
+44.90%
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.
KB
KB Financial
$40.08Bn
111.76
-2.83%
+31.17%
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).
GGAL
Grupo Financiero Galicia
$39.62Bn
29.90
-3.39%
-49.47%
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).
VOD
2nd
Vodafone Group Public
$38.80Bn
15.95
-2.03%
+41.53%
Vodafone operates significant FinTech services with over 59 million users, specifically providing mobile money services like M-Pesa and Vodafone Cash for payments and transfers.
RPRX
Royalty Pharma
$38.80Bn
67.57
+0.01%
+67.17%
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.
CBOE
Cboe Global Markets
$36.81Bn
352.70
+1.81%
+40.29%
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.
HIG
Hartford Insurance
$36.66Bn
137.10
-0.73%
+6.92%
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.
COIN
2nd
Coinbase Global
$36.22Bn
136.82
-9.69%
-57.15%
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.
ACGL
Arch Capital
$35.99Bn
110.57
-0.10%
+26.29%
Arch Capital operates a substantial insurance segment providing property casualty and specialty lines through subsidiaries like Arch Insurance and Arch Specialty. It writes admitted and non-admitted policies for individual policyholders, SMEs, and large corporations.
BSBR
Banco Santander (Brasil)
$35.26Bn
4.72
-1.26%
-22.11%
Banco Santander (Brasil) is a large-scale bank with a nationwide presence in Brazil and global integration, operating across multiple banking lines including retail, commercial, and global wholesale banking. It holds a banking charter, takes deposits, and generates substantial revenue from both net interest income and fee-based services across these diverse segments.
EXR
2nd
Extra Space Storage
$33.46Bn
160.18
-0.53%
+20.43%
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.
FISV
2nd
Fiserv
$33.38Bn
62.74
+1.11%
-1.97%
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.
IBKR
Interactive Brokers
$32.94Bn
72.69
-6.66%
+1.49%
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.
BAP
Credicorp
$32.76Bn
347.14
-3.35%
+34.12%
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.
PUK
Prudential
$32.07Bn
25.17
-4.59%
-11.65%
Prudential's core business is providing life insurance, health protection, and savings products across Asia and Africa. It generates primary revenue through premiums from life insurance policies and products like the Entrust Multi-Currency Plan and Indexed Universal Life Plans.
RJF
Raymond James Financial
$31.68Bn
164.90
-2.24%
+3.35%
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.
MTB
M&T Bank
$31.51Bn
219.65
-2.22%
+19.80%
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.
HBAN
Huntington Bancshares
$31.46Bn
15.61
-2.80%
+2.09%
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.
NTRS
Northern Trust
$31.04Bn
171.39
-3.72%
+33.70%
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.
WTW
Willis Towers Watson
$31.03Bn
336.51
-0.25%
+4.16%
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.
SHG
Shinhan Financial
$30.14Bn
63.17
-2.93%
+19.35%
Shinhan Financial Group is a globally scaled financial institution that holds banking charters through Shinhan Bank and Jeju Bank. Its revenue is split across multiple banking and financial lines, including retail and commercial banking, credit cards, securities, and insurance.
TW
Tradeweb Markets
$29.61Bn
127.56
+0.45%
+22.17%
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.
CINF
Cincinnati Financial
$28.91Bn
188.31
-1.14%
+17.66%
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.
CPAY
2nd
Corpay
$28.73Bn
446.09
+6.60%
+70.47%
The company explicitly provides cross border payments as part of its Corporate Payments segment to help businesses streamline vendor payments globally.
WRB
Berkley W R
$28.60Bn
76.99
+0.33%
+3.04%
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.
AER
2nd
AerCap Holdings
$27.75Bn
166.27
+0.27%
+24.43%
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.
NMR
Nomura Holdings
$27.56Bn
9.50
-3.06%
+36.49%
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.
VRSK
Verisk Analytics
$27.52Bn
211.47
+6.88%
-1.21%
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.
CFG
Citizens Financial
$26.84Bn
63.72
-3.31%
+23.87%
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.
BBD
Bank Bradesco
$26.55Bn
2.51
-2.71%
-28.90%
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.
EVR
Evercore
$26.03Bn
289.89
-6.79%
-4.48%
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.
FNMA
Federal National Mortgage Association Fannie Mae
$24.88Bn
4.24
-16.21%
-62.11%
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.
PHM
2nd
Pultegroup
$24.87Bn
135.12
-0.79%
+13.11%
The company operates a financial services segment that originates mortgage loans for homebuyers and sells those loans to secondary market investors.
BRO
Brown & Brown
$24.68Bn
74.40
+0.64%
-4.42%
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.
RF
Regions Financial
$24.20Bn
28.41
-2.14%
+16.53%
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.
PFG
Principal Financial
$24.00Bn
112.82
-3.83%
+39.01%
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.
FCNCA
First Citizens Bancshares
$23.94Bn
2,304.72
-1.16%
+27.95%
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.
MKL
Markel
$23.87Bn
1,952.07
-0.10%
-2.25%
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.
AFRM
Affirm Holdings
$23.61Bn
69.66
-7.84%
-2.60%
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.
LPLA
LPL Financial Holdings
$23.43Bn
300.89
-3.40%
-19.66%
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.
TROW
Price T Rowe
$23.19Bn
108.71
-3.43%
+6.18%
T. Rowe Price is a global investment management firm that manages mutual funds and separate accounts for individual and institutional clients. Its revenue is primarily generated through investment advisory fees calculated as a percentage of assets under management (AUM).
SYF
Synchrony Financial
$23.04Bn
74.07
-1.29%
-0.40%
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.
EFX
Equifax
$22.70Bn
193.85
+0.88%
-6.50%
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.
L
Loews
$22.49Bn
111.19
-0.45%
+10.24%
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.
RGLD
Royal Gold
$22.12Bn
261.28
+6.18%
+50.75%
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.
KEY
Keycorp
$22.10Bn
20.93
-2.92%
+19.46%
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.
BR
2nd
Broadridge Financial Solutions
$21.90Bn
193.94
+2.51%
-11.27%
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.
TEFOF
2nd
Telefonica S A
$21.26Bn
3.75
+0.00%
-23.63%
Telefónica operates financial technology ventures and digital wallets, specifically Vivo Pay and payment solutions within the VMO2 segment, to move money and provide digital financial services.
DKNG
2nd
DraftKings
$20.91Bn
23.52
+1.77%
-15.76%
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.
SOFI
SoFi Technologies
$20.80Bn
16.04
-7.71%
-46.66%
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.
ATMP
Barclays Bank
$19.61Bn
33.49
-2.56%
+20.29%
Barclays Bank PLC is a globally scaled chartered bank that takes deposits and operates across multiple banking lines, including retail, corporate, and investment banking. Its revenue is a mix of net interest income from loans and substantial fee income from its diversified global operations.
BCH
Bank Of Chile
$19.56Bn
38.72
-2.10%
+8.25%
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.
LEN
2nd
Lennar
$19.04Bn
91.59
-0.68%
-24.42%
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.
SNA
2nd
Snap-on
$18.90Bn
366.49
-0.65%
+6.93%
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
$18.28Bn
46.74
-6.82%
-12.27%
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.
EWBC
East West Bancorp
$17.68Bn
129.04
-3.74%
+28.16%
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.
KSPI
Joint Stock Co Kaspi.kz
$17.42Bn
91.58
-4.02%
+24.38%
Kaspi.kz operates as a large-scale bank holding a charter that integrates retail and commercial banking with capital markets and payments. It generates significant revenue from deposit account spreads and interest on consumer and merchant loans, while simultaneously operating a massive payments and marketplace ecosystem.
SNX
2nd
Td Synnex
$17.18Bn
215.36
-6.66%
+40.57%
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.
RGA
Reinsurance Group Of America
$17.11Bn
262.03
-1.69%
+39.84%
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.
KIM
2nd
Kimco Realty
$17.02Bn
25.62
-1.04%
+25.40%
The company provides real estate financing services and preferred equity capital specifically to retailers, which constitutes a non-bank commercial lending activity.
NVR
2nd
Nvr
$17.00Bn
6,424.33
+0.88%
-10.55%
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.
WF
Woori Financial
$16.75Bn
68.44
-0.61%
+24.10%
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.
FTAI
2nd
FTAI Aviation
$16.64Bn
162.45
-9.54%
-0.03%
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.
CRCL
Circle Internet
$16.48Bn
69.49
-8.70%
-38.52%
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.
ZTO
2nd
ZTO Express (Cayman)
$16.46Bn
20.81
+1.07%
+10.16%
The company provides financial services to its qualified network partners, specifically offering loans and financing arrangements as a distinct revenue stream.
BEN
Franklin Templeton
$16.35Bn
32.22
-4.90%
+41.56%
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.
TRU
TransUnion
$15.81Bn
82.91
+0.94%
+4.15%
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.
EG
Everest
$15.71Bn
417.79
-0.79%
+29.75%
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.
CBSH
Commerce Bancshares
$15.69Bn
55.22
-1.67%
+7.91%
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.
OWL
Blue Owl Capital
$15.49Bn
9.89
-7.14%
-36.97%
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.
PNFP
Pinnacle Financial Partners
$15.32Bn
101.43
-2.70%
+17.36%
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.
FICO
2nd
Fair Isaac
$15.27Bn
707.06
+0.86%
-56.60%
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.
AIZ
Assurant
$15.09Bn
306.95
-0.64%
+40.60%
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.
CRBG
Corebridge Financial
$15.08Bn
34.24
-5.49%
+13.04%
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.
NLY
Annaly Capital Management
$14.78Bn
18.84
-0.53%
-13.18%
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.
OHI
2nd
Omega Healthcare Investors
$14.58Bn
47.99
-2.46%
+11.55%
The company generates interest income from providing real estate loans and mortgage loans secured by healthcare properties.
RNR
Renaissancere Holdings
$14.45Bn
353.70
-0.01%
+32.29%
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.
TXT
2nd
Textron
$14.44Bn
85.22
-1.64%
+6.17%
The Finance segment, through Textron Financial Corporation, provides specialized non-bank financing and credit to purchasers of Textron's manufactured aircraft and helicopters.
TOL
2nd
Toll Brothers
$14.34Bn
155.65
-1.81%
+16.46%
The company earns income from mortgage financing provided to its home buyers through its subsidiary, Toll Brothers Mortgage Company.
EQH
Equitable Holdings
$14.20Bn
52.87
-5.77%
+16.92%
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.
CG
Carlyle
$14.12Bn
39.96
-6.53%
-23.23%
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.
ARCC
Ares Capital
$13.97Bn
19.35
-0.57%
-5.05%
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.
CNH
2nd
CNH Industrial
$13.91Bn
11.24
-3.93%
+7.35%
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.
BNT
Brookfield Wealth Solutions
$13.89Bn
41.76
-3.04%
-9.14%
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.
GRAB
2nd
Grab Holdings
$13.81Bn
3.48
+3.57%
-38.30%
Grab operates chartered digital banks, GXS Bank in Singapore and GXBank in Malaysia, which offer savings accounts and deposit-taking services to the public.
WSE
Wise
$13.64Bn
11.05
-4.58%
—
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.
TIGO
2nd
Millicom International Cellular
$13.37Bn
79.12
+2.63%
+71.89%
Millicom offers mobile financial services to its customer base, moving money and providing financial transactions via its Tigo brand.
ERIE
Erie Indemnity
$13.19Bn
285.63
+2.03%
-0.88%
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.
FUTU
Futu Holdings
$13.18Bn
94.04
-3.96%
-49.89%
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.
AEG
Aegon
$13.12Bn
8.45
-1.52%
+12.67%
Aegon is a global financial services group whose core operations include life insurance and retirement solutions, specifically through its Transamerica brand in the US and Transamerica Life Bermuda for high-net-worth individuals. The company generates significant revenue from insurance premiums and manages long-duration liabilities associated with these policies.
CNA
Cna Financial
$13.02Bn
48.13
+0.25%
+7.77%
CNA Financial primarily underwrites commercial property and casualty coverages, including surety, and generates revenue from insurance premiums in its Specialty, Commercial, and International segments.
AFG
American Financial
$12.95Bn
156.46
+1.02%
+15.74%
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.
STLA
2nd
Stellantis
$12.84Bn
4.43
-4.53%
-56.78%
Stellantis operates captive finance companies that provide retail and dealer financing, leasing, and rental services to its customers and dealer network.
SEIC
Sei Investments
$12.51Bn
105.18
-3.17%
+27.68%
SEI's largest revenue driver (57%) is technology and operations outsourcing, specifically providing fund administration, investment accounting, investor reporting, and middle-office functions for investment managers and institutional investors. The company also provides trust-based custody through the SEI Private Trust Company (SPTC).
FMCC
Federal Home Loan Mortgage
$12.45Bn
3.85
-17.56%
-62.03%
Freddie Mac purchases residential mortgage loans from lenders and packages them into guaranteed mortgage-related securities, such as UMBS and K Certificates. Its revenue is driven by guarantee fees, net interest income on held loans, and gains on the sale of mortgage loans.
GBTC
Grayscale Bitcoin Trust ETF
$12.44Bn
58.68
-4.99%
-27.87%
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.
GL
Globe Life
$12.20Bn
159.35
-1.45%
+19.14%
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.
RYAN
Ryan Specialty Holdings
$12.20Bn
48.26
+1.66%
-12.92%
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.
FDS
Factset Research Systems
$11.99Bn
340.07
-0.62%
+30.23%
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.
IVZ
Invesco
$11.91Bn
27.09
-7.98%
+15.92%
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.
MFG
Mizuho Financial
$11.69Bn
9.39
-4.28%
+40.99%
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.
ALLY
Ally Financial
$11.66Bn
38.81
-1.42%
-2.85%
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
$11.51Bn
42.96
-0.72%
-19.23%
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.
GLPI
2nd
Gaming & Leisure Properties
$11.47Bn
39.44
-0.98%
-12.55%
The company extends mortgage loans to developers for gaming projects, earning interest income from these loans before they potentially convert into lease revenue.
UNM
Unum
$11.46Bn
73.97
-1.28%
-3.65%
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.
UHAL
2nd
U-Haul Holding
$11.41Bn
58.68
-3.55%
+9.89%
The company has a Property and Casualty Insurance segment that underwrites protection packages such as Safemove and Safestor for its customers.
JEF
Jefferies Financial
$11.16Bn
48.60
-5.06%
-9.88%
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.
AGNC
AGNC Investment
$11.13Bn
8.82
-0.56%
-13.87%
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.
SF
Stifel Financial
$10.92Bn
71.85
-1.49%
-9.79%
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.
FHN
First Horizon
$10.89Bn
23.12
-2.61%
+7.48%
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.
FRHC
Freedom Holding
$10.88Bn
177.17
-5.17%
+24.11%
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.
SNUS-PH
Santander Holdings USA
$10.81Bn
20.38
-1.55%
—
Santander Holdings USA operates as a large-scale bank with a banking charter (Santander Bank, N.A.) and takes deposits. Its revenue is split across multiple banking lines including retail, commercial, corporate and investment banking, and wealth management, which fits the definition of a Money Center Bank.
WTFC
Wintrust Financial
$10.24Bn
151.72
-2.82%
+16.91%
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.
UMBF
Umb Financial
$10.23Bn
134.68
-2.77%
+25.68%
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.
HLI
Houlihan Lokey
$10.22Bn
147.26
-4.41%
-17.92%
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.
SSB
SouthState Bank
$10.13Bn
104.73
-1.72%
+19.04%
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.
BPOP
Popular
$9.97Bn
156.07
-1.67%
+38.26%
Popular, Inc. operates as a financial holding company with chartered banking subsidiaries, Banco Popular de Puerto Rico and Popular Bank, providing checking, savings, and loan products. Its revenue is primarily driven by net interest income from commercial, industrial, and residential mortgage loans within specific geographic footprints like Puerto Rico and the mainland US.
PAYP
PayPay
$9.84Bn
14.54
-8.90%
—
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.
CFR
Cullen
$9.75Bn
156.74
-1.85%
+26.32%
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.
ORI
Old Republic International
$9.69Bn
40.39
+1.08%
-0.74%
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.
KLAR
Klarna
$9.57Bn
13.56
-2.45%
-63.03%
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.
CTRE
2nd
CareTrust REIT
$9.57Bn
37.16
-2.11%
+3.22%
The company extends secured mortgage loans and mezzanine loans to healthcare operators, generating revenue from these financing receivables.
ONB
Old National Bancorp
$9.48Bn
25.05
-3.24%
+21.13%
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.
ZION
Zions Bancorporation, National Association
$9.41Bn
64.93
-2.55%
+25.15%
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.
YMM
2nd
Full Truck Alliance
$9.32Bn
8.94
-0.78%
-29.27%
The company operates an insurance brokerage business that earns commissions from partner insurers by providing insurance services to its user base.
MORN
Morningstar
$9.17Bn
247.17
+1.20%
+16.29%
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.
AMG
Affiliated Managers
$9.05Bn
350.09
-3.95%
+36.36%
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.
CBC
Central Bancompany
$8.96Bn
37.41
-1.29%
—
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.
KNSL
Kinsale Capital
$8.94Bn
397.06
+1.48%
+0.65%
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.
KT
2nd
Kt
$8.88Bn
18.41
-0.27%
+0.27%
Through its subsidiary BC Card, the company provides financial services and payment processing, contributing 14% of total operating revenue.
VOYA
Voya Financial
$8.83Bn
98.43
-5.87%
+38.38%
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.
JXN
Jackson Financial
$8.82Bn
132.78
-3.23%
+41.77%
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.
PRI
Primerica
$8.79Bn
288.32
+1.37%
+12.95%
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.
IDA
2nd
Idacorp
$8.67Bn
147.21
-0.22%
+14.60%
Through its subsidiary IDACORP Financial Services (IFS), the company invests in specialized real estate tax credit projects and affordable housing developments to generate tax credits and depreciation benefits.
HQY
Healthequity
$8.58Bn
103.53
-4.88%
+9.68%
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.
THG
Hanover Insurance
$8.56Bn
249.08
-0.42%
+41.51%
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.
COLB
Columbia Banking System
$8.41Bn
30.42
-3.03%
+14.71%
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.
VIRT
Virtu Financial
$8.36Bn
53.87
+1.58%
+56.74%
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.
REXR
2nd
Rexford Industrial Realty
$8.20Bn
38.15
-2.80%
-7.67%
The company generates additional revenue by acting as a lender, providing mortgage debt investments secured by industrial property.
WAL
Western Alliance Bancorporation
$8.16Bn
75.85
-4.30%
-3.40%
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.
FCFS
FirstCash Holdings
$8.04Bn
187.55
-2.99%
+15.64%
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.
CLUS
Cluster Group Holdings
$8.00Bn
200.00
+0.00%
+0.00%
The company operates as a blank check company whose sole purpose is to identify and complete a merger, acquisition, or business combination. This activity of facilitating capital raises and corporate restructuring through a merger vehicle aligns with the core functions of investment banking and corporate finance advisory.
BOKF
Bok Financial
$7.90Bn
130.03
-1.64%
+21.41%
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.
ARE
2nd
Alexandria Real Estate Equities
$7.87Bn
45.17
-1.85%
-17.07%
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.
AXS
Axis Capital Holdings
$7.78Bn
107.97
+0.15%
+11.55%
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.
VLY
Valley National Bancorp
$7.73Bn
14.06
-2.97%
+28.64%
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.
XP
Xp
$7.68Bn
14.78
-2.57%
-20.19%
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.
AGCO
2nd
Agco
$7.60Bn
110.28
-2.15%
+3.29%
The company operates finance joint ventures that provide retail financing to farmers and wholesale/floor plan financing to its dealer network.
KMX
2nd
Carmax
$7.46Bn
52.58
-4.64%
+28.84%
Through its CarMax Auto Finance (CAF) segment, the company provides financing to customers buying retail vehicles, servicing a $16.37 billion portfolio of auto loans.
LNC
Lincoln National
$7.46Bn
39.17
-5.77%
-3.97%
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.
PB
Prosperity Bancshares
$7.25Bn
72.00
-2.16%
+7.90%
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.
ZG
2nd
Zillow
$7.04Bn
31.21
-9.40%
-55.50%
The company operates Zillow Home Loans, which provides mortgage origination services, earning revenue from mortgage interest and fees.
FAF
First American Financial
$6.97Bn
68.17
+0.74%
+9.14%
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.
VCTR
Victory Capital Holdings
$6.96Bn
112.41
-6.47%
+79.88%
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.
COMP
2nd
Compass
$6.94Bn
9.21
-8.27%
+4.78%
The company's Integrated Services segment generates revenue from title searches, escrow closings, and settlement fees provided to home buyers and sellers.
LAD
2nd
Lithia Motors
$6.88Bn
316.96
+0.50%
+6.30%
The company has a captive finance division that originates financing and insurance products for consumers, generating fee income and interest spread.
HRB
2nd
H&R Block
$6.78Bn
55.00
-0.83%
+8.74%
The company originates and services consumer credit products, specifically Emerald Advance term loans and Refund Advance loans, earning income from these lending activities.
WBHC
Wilson Bank Holding
$6.76Bn
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.
OR
OR Royalties
$6.59Bn
35.22
+2.03%
+12.56%
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.
UBSI
United Bankshares
$6.59Bn
48.39
-1.71%
+32.72%
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.
OMF
OneMain Holdings
$6.54Bn
56.81
-2.03%
-6.65%
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.
FTDR
Frontdoor
$6.53Bn
95.98
+3.36%
+73.69%
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.
GATX
2nd
Gatx
$6.51Bn
186.49
-2.24%
+22.00%
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.
ACT
Enact Holdings
$6.48Bn
47.77
-0.97%
+32.95%
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.
SNEX
StoneX
$6.43Bn
53.62
-5.65%
+41.89%
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.
RLI
Rli
$6.40Bn
69.73
+1.20%
+15.16%
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.
TFPM
Triple Flag Precious Metals
$6.37Bn
30.83
+2.26%
+10.86%
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.
GBCI
Glacier Bancorp
$6.32Bn
48.54
-2.24%
+15.79%
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.
HGTY
Hagerty
$6.31Bn
18.35
-1.87%
+61.25%
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.
FNB
Fnb
$6.27Bn
17.86
-3.25%
+12.61%
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.
ESNT
Essent
$6.16Bn
68.56
-1.15%
+11.66%
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.
TEX
2nd
Terex
$6.13Bn
54.53
-5.28%
+16.14%
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.
AN
2nd
Autonation
$6.08Bn
188.31
+2.64%
-2.70%
The company operates a captive auto finance company, AutoNation Finance, which provides consumer auto finance loans directly to retail customers and earns interest income.
HOMB
Home Bancshares
$6.03Bn
30.07
-1.25%
+10.96%
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.
SIGI
Selective Insurance
$6.00Bn
101.77
-1.39%
+32.12%
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.
WEX
2nd
Wex
$5.98Bn
179.68
-0.17%
+20.96%
The company operates its own in-house bank, WEX Bank, which provides issuing capabilities and earns yield on HSA deposits held at the bank.
SWDR
2nd
Starwood Real Estate Income Trust
$5.98Bn
15.25
—
—
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.
MTG
Mgic Investment
$5.91Bn
29.34
+0.79%
+4.52%
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.
MKTX
Marketaxess Holdings
$5.83Bn
165.54
-0.04%
+2.82%
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.
HWC
Hancock Whitney
$5.75Bn
71.40
-2.54%
+21.61%
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.
ASB
Associated Banc
$5.67Bn
30.53
-2.65%
+20.20%
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.
BXSL
Blackstone Secured Lending Fund
$5.63Bn
24.16
+0.96%
-7.57%
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.
AUB
Atlantic Union Bankshares
$5.50Bn
39.15
-2.59%
+19.36%
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.
WTM
White Mountains Insurance
$5.49Bn
2,299.72
-3.09%
+21.20%
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.
ABCB
Ameris Bancorp
$5.48Bn
81.67
-2.99%
+11.66%
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.
MAIN
Main Street Capital
$5.31Bn
56.87
-1.30%
-0.59%
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.
RUSHA
2nd
Rush Enterprises Inc \Tx\
$5.30Bn
45.32
-2.18%
+44.56%
Rush provides financing and leasing products to its commercial vehicle customers, acting as a specialty finance provider for commercial fleet equipment.
CACC
Credit Acceptance
$5.30Bn
522.58
+4.79%
+15.77%
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.
OBDC
Blue Owl Capital
$5.30Bn
10.81
+0.46%
-15.41%
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.
RITM
Rithm Capital
$5.28Bn
9.45
-0.63%
-14.94%
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.
PECO
2nd
Phillips Edison & Company
$5.28Bn
40.90
-0.58%
+19.87%
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.
IFS
Intercorp Financial Services
$5.26Bn
47.31
-2.01%
+9.21%
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.
AX
Axos Financial
$5.25Bn
92.43
-2.31%
+14.46%
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.
EBC
Eastern Bankshares
$5.20Bn
22.73
-2.49%
+32.00%
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.
CNO
CNO Financial
$5.17Bn
56.33
-2.56%
+39.67%
CNO Financial operates as a holding company for insurance companies that underwrite life insurance and annuity products. Specifically, it generates significant revenue from traditional life products (whole life, term life) and fixed indexed annuities, managing the long-duration liabilities associated with these contracts.
STEP
StepStone
$5.14Bn
42.60
-8.19%
-32.02%
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.
MC
Moelis
$5.12Bn
58.28
-4.93%
-8.41%
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.
BC
2nd
Brunswick
$5.09Bn
78.91
-2.95%
+19.49%
Brunswick provides financing services, specifically dealer floor plan financing and consumer loans, which are non-bank financing solutions for its dealer network and customers.
HASI
HA Sustainable Infrastructure Capital
$5.08Bn
39.74
-1.61%
+37.32%
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.
GLXY
Galaxy Digital
$5.07Bn
12.97
-7.16%
-58.75%
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.
HLNE
Hamilton Lane
$5.03Bn
90.13
-5.12%
-27.30%
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.
SKY
2nd
Champion Homes
$5.01Bn
93.24
-3.14%
+27.34%
Through its joint venture, Champion Financing, the company provides consumer retail financing products specifically tailored to the manufactured housing market for homebuyers.
RDN
Radian
$4.97Bn
37.25
+1.80%
+9.53%
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.
BGC
Bgc
$4.97Bn
10.46
-7.19%
+14.69%
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.
AVAL
Grupo Aval Acciones Y Valores
$4.94Bn
4.16
-3.70%
-1.19%
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.
CVCO
2nd
Cavco Industries
$4.93Bn
643.97
-5.12%
+15.00%
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.
CIGI
2nd
Colliers International
$4.91Bn
96.02
-2.52%
-37.44%
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.
LSTR
2nd
Landstar System
$4.90Bn
145.48
-3.81%
+13.66%
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.
BMA
Macro Bank
$4.87Bn
58.18
-2.89%
-34.55%
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.
STWD
Starwood Property Trust
$4.78Bn
12.89
-0.39%
-30.21%
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.
MRX
Marex
$4.74Bn
64.96
-7.65%
+112.15%
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.
FHI
Federated Hermes
$4.74Bn
64.07
-2.50%
+27.60%
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.
MAAS
Maase
$4.68Bn
10.58
-5.11%
+178.42%
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.
MCY
Mercury General
$4.68Bn
84.45
-4.81%
+3.30%
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.
FIGR
Figure Technology Solutions
$4.67Bn
20.90
-9.21%
-45.98%
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.
HHH
2nd
Howard Hughes Holdings
$4.67Bn
78.16
-1.20%
-0.23%
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.
RELY
Remitly Global
$4.61Bn
21.55
-20.42%
+31.08%
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.
TFSL
TFS Financial
$4.61Bn
16.43
-1.68%
+19.40%
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.
ATH-PA
Athene Holding
$4.59Bn
22.52
-0.66%
-9.74%
Athene Holding specializes in issuing retirement savings products, specifically annuities (fixed rate, indexed, and payout) and life insurance. Its revenue is driven by the spread between investment earnings on assets and the cost of funds for these long-duration liabilities.
MTH
2nd
Meritage Homes
$4.58Bn
71.03
-3.10%
+6.97%
The company's financial services segment provides title and escrow services to homebuyers through subsidiaries and joint ventures.
NNI
Nelnet
$4.55Bn
126.89
-0.56%
-2.40%
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.
FULT
Fulton Financial
$4.54Bn
23.79
-2.14%
+35.09%
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.
TNL
2nd
Travel & Leisure
$4.52Bn
75.09
-3.23%
+18.85%
The company provides consumer financing for the majority of its vacation ownership sales, generating revenue from these credit extensions to its customers.
SFBS
ServisFirst Bancshares
$4.52Bn
41.32
-1.43%
+16.13%
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.
PIPR
Piper Sandler Companies
$4.51Bn
67.15
-4.37%
-19.88%
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.
NWBI
Northwest Bancshares
$4.48Bn
15.31
-3.35%
+27.69%
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.
BWIN
Baldwin Insurance
$4.46Bn
31.97
-0.53%
+26.26%
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.
UCB
United Community Banks
$4.43Bn
36.99
-1.75%
+25.60%
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.
FLG
Flagstar Bank, National Association
$4.42Bn
10.60
-3.28%
-3.99%
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.
FFIN
First Financial Bankshares
$4.39Bn
30.68
-2.36%
-1.73%
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.
TCBI
Texas Capital Bancshares
$4.36Bn
102.71
-2.74%
+20.52%
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.
OPLN
2nd
Openlane
$4.34Bn
35.62
-2.94%
+36.68%
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.
TEO
2nd
Telecom Argentina
$4.32Bn
10.04
-3.92%
-19.10%
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.
ARX
Accelerant Holdings
$4.31Bn
19.88
+0.15%
+61.49%
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.
OTF
Blue Owl Technology Finance
$4.31Bn
9.52
-2.86%
-33.80%
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).
CATY
Cathay General Bancorp
$4.29Bn
64.16
-2.76%
+37.95%
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.
ENVA
Enova International
$4.29Bn
173.42
-4.28%
+35.48%
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.
IBOC
International Bancshares
$4.24Bn
68.19
-0.67%
-0.70%
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.
LAZ
Lazard
$4.23Bn
38.55
-5.24%
-22.33%
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.
PJT
PJT Partners
$4.10Bn
153.45
-2.94%
-8.26%
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.
AGBK
Agi
$4.09Bn
4.83
-1.83%
—
AGI Inc provides banking solutions and account maintenance to Brazilian consumers, including social security beneficiaries and workers. It operates a hybrid model of physical Smart Hubs and a digital platform to offer checking/savings-like services and credit, fitting the profile of a regional or niche chartered bank.
MRP
2nd
Millrose Properties
$4.08Bn
26.45
-1.82%
-15.22%
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.
PLMR
Palomar Holdings
$4.08Bn
155.67
+8.07%
+33.38%
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.
TKC
2nd
Turkcell Iletisim Hizmetleri A S
$4.06Bn
4.61
-2.33%
-21.20%
Through its Financell brand, the company provides consumer and enterprise lending services as part of its Techfin segment.
CVBF
Cvb Financial
$4.03Bn
22.86
-2.18%
+22.38%
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.
INDB
Independent Bank
$4.02Bn
84.40
-2.34%
+21.02%
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.
WSFS
Wsfs Financial
$4.00Bn
79.13
-2.41%
+46.70%
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.
FBP
First Bancorp
$3.96Bn
25.94
-2.22%
+29.57%
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.
DLO
2nd
dLocal
$3.96Bn
13.42
-3.45%
-5.29%
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.
BFH
Bread Financial Holdings
$3.90Bn
102.66
-2.06%
+60.53%
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.
IEP
2nd
Icahn Enterprises
$3.88Bn
5.13
-3.93%
-41.90%
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.
BANF
Bancfirst
$3.87Bn
115.08
+0.03%
+4.01%
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.
NP
Neptune Insurance Holdings
$3.83Bn
27.91
-2.24%
+8.98%
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.
CNS
Cohen & Steers
$3.77Bn
73.22
-3.38%
+6.98%
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.
PAGS
PagSeguro Digital
$3.75Bn
7.64
-3.17%
-20.66%
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.
ABG
2nd
Asbury Automotive
$3.73Bn
207.56
-0.68%
-11.25%
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.
WSBC
Wesbanco
$3.71Bn
38.67
-2.52%
+26.37%
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.
VAC
2nd
Marriott Vacations Worldwide
$3.67Bn
106.54
-6.67%
+58.38%
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.
HG
Hamilton Insurance
$3.64Bn
36.97
-0.78%
+42.25%
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.
NIC
Nicolet Bankshares
$3.60Bn
172.84
-1.59%
+39.39%
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.
RNST
Renasant
$3.58Bn
39.67
-2.39%
+15.66%
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.
FIBK
First Interstate Bancsystem
$3.55Bn
38.01
-2.79%
+18.04%
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.
PFSI
PennyMac Financial Services
$3.49Bn
67.08
-0.71%
-46.34%
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.
NHI
2nd
National Health Investors
$3.45Bn
71.47
+0.20%
-6.17%
The company earns interest income by providing financing arrangements, including mortgages, construction loans, and mezzanine loans to tenants, operators, and third parties.
MIAX
Miami International Holdings
$3.45Bn
34.50
-1.34%
-24.72%
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.
FFBC
First Financial Bancorp
$3.41Bn
32.50
-2.67%
+35.64%
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.
CBU
Community Financial System
$3.41Bn
64.83
-1.38%
+14.36%
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.
BH-A
2nd
Biglari Holdings
$3.38Bn
1,602.36
-10.24%
-10.35%
The company provides commercial truck insurance, garage liability, and homeowners policies through subsidiaries like First Guard and Southern Pioneer, earning revenue from insurance premiums.
MHO
2nd
M
$3.36Bn
134.32
-2.52%
+5.14%
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.
GBDC
Golub Capital Bdc
$3.36Bn
12.92
-1.22%
-8.17%
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.
SFNC
Simmons First National
$3.36Bn
23.23
-1.73%
+31.32%
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.
NMIH
NMI Holdings
$3.34Bn
44.27
+0.71%
+20.20%
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.
HGV
2nd
Hilton Grand Vacations
$3.31Bn
43.60
-0.41%
+5.52%
The company generates a substantial portion of its revenue by financing and servicing loans provided directly to consumers for their VOI purchases.
GNW
Genworth Financial
$3.30Bn
8.91
-3.15%
+3.97%
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.
HOG
2nd
Harley-Davidson
$3.29Bn
32.60
-5.75%
+28.20%
Harley-Davidson Financial Services provides retail consumer loans to buyers of motorcycles, earning interest and fees from these credit products.
FSK
FS KKR Capital
$3.27Bn
11.69
+2.19%
-20.96%
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.
AAMI
Acadian Asset Management
$3.25Bn
91.68
+0.07%
+110.28%
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.
SBCF
Seacoast Banking Corp Of Florida
$3.25Bn
33.61
-1.93%
+9.84%
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.
MCHB
Mechanics Bancorp
$3.24Bn
14.65
-2.53%
+10.73%
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
$3.24Bn
179.47
-1.72%
+15.55%
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.
LMND
Lemonade
$3.23Bn
41.44
-9.70%
-47.36%
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.
APAM
Artisan Partners Asset Management
$3.22Bn
39.74
-1.83%
-10.96%
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
$3.21Bn
34.88
-1.13%
-11.96%
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.
SLM
Slm
$3.20Bn
17.52
-6.21%
-36.01%
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.
GPI
2nd
Group 1 Automotive
$3.19Bn
266.69
-2.33%
-32.13%
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.
OAK-PA
Brookfield Oaktree Holdings
$3.17Bn
19.75
-1.59%
-9.57%
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.
AGO
Assured Guaranty
$3.16Bn
71.82
-0.90%
-12.33%
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.
KBH
2nd
Kb Home
$3.16Bn
52.05
-2.12%
-13.94%
The company operates a financial services segment that provides mortgage origination and loan processing fees to homebuyers through its affiliated mortgage joint venture.
ENHA
Enhanced
$3.16Bn
8.15
+15.93%
—
The company is a Special Purpose Acquisition Company (SPAC) whose core activity is sourcing, evaluating, and executing a business combination with a target company. Its management team is specifically tasked with identifying investment opportunities and negotiating deals, which aligns with the activities of alternative asset managers focusing on private equity-style acquisitions.
BKU
BankUnited
$3.13Bn
44.53
-0.96%
+10.14%
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.
HTGC
Hercules Capital
$3.10Bn
16.37
-1.50%
-9.46%
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.
SLDE
Slide Insurance Holdings
$3.10Bn
26.43
-3.12%
+57.32%
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.
FHB
First Hawaiian
$3.06Bn
25.12
-2.90%
+1.45%
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.
SKYW
2nd
Skywest
$3.04Bn
79.88
-3.07%
-19.09%
The company operates a SkyWest Leasing segment that finances new E175 aircraft and generates revenue from leasing aircraft and engines to third parties.
CBZ
2nd
Cbiz
$3.03Bn
54.99
+0.04%
+3.91%
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.
SPNT
SiriusPoint
$3.03Bn
26.33
+2.05%
+35.58%
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.
PFS
Provident Financial Services
$2.99Bn
22.95
-2.42%
+24.12%
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.
SII
Sprott
$2.90Bn
112.39
-0.38%
+33.83%
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).
WT
WisdomTree
$2.87Bn
19.01
-5.04%
+60.02%
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.
CUBI
Customers Bancorp
$2.85Bn
84.32
-3.36%
+24.73%
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.
FG
F&G Annuities & Life
$2.84Bn
21.71
-1.81%
-27.42%
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.
BANC
Banc Of California
$2.84Bn
17.95
-3.44%
+5.22%
Banc of California is a state-chartered bank with a deposit and lending franchise concentrated in California, Colorado, and North Carolina. It provides core banking products including checking and savings accounts, commercial and industrial loans, and consumer loans through a network of 79 branches.
SKWD
Skyward Specialty Insurance
$2.84Bn
63.86
+2.64%
+36.37%
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.
GRBK
2nd
Green Brick Partners
$2.82Bn
66.06
-0.69%
+4.72%
The company earns fees from mortgage origination through its wholly owned subsidiary, GRBK Mortgage.
DX
Dynex Capital
$2.78Bn
10.75
-1.38%
-20.01%
Dynex Capital is a mortgage REIT (mREIT) that earns revenue from the net interest spread on a portfolio of residential and commercial mortgage-backed securities (RMBS and CMBS). Its assets are mortgage loans and securities rather than physical buildings, fitting the specific definition of F-08.
NBTB
Nbt Bancorp
$2.75Bn
52.97
-1.91%
+26.97%
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.
BOH
Bank Of Hawaii
$2.74Bn
69.94
-1.77%
+6.68%
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.
AKR
2nd
Acadia Realty Trust
$2.72Bn
19.69
-0.91%
-0.91%
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.
PLGO
Pelagos Insurance Capital
$2.70Bn
27.90
+1.79%
+50.73%
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.
PRCH
Porch
$2.69Bn
20.30
-5.84%
+27.19%
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.
FBK
FB Financial
$2.68Bn
54.29
-2.58%
+0.35%
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.
FBNC
First Bancorp
$2.68Bn
64.77
-1.86%
+27.75%
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.
TWOD
Two Harbors Investment
$2.67Bn
25.37
+0.00%
-1.78%
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.
BBUC
2nd
Brookfield Business
$2.65Bn
30.18
-2.39%
-15.60%
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.
ECPG
Encore Capital
$2.64Bn
126.17
+26.26%
+195.13%
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.
UWMC
UWM Holdings
$2.61Bn
1.63
-2.98%
-71.20%
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.
EEFT
2nd
Euronet Worldwide
$2.61Bn
71.15
+0.71%
-2.81%
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.
TRMK
Trustmark
$2.59Bn
44.73
-1.97%
+17.09%
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.
DBRHP
DigitalBridge
$2.58Bn
13.75
-0.36%
-36.67%
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.
BBT
Beacon Financial
$2.56Bn
30.59
-2.39%
+16.76%
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.
BANR
Banner
$2.56Bn
70.12
-2.49%
+16.07%
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.
FRME
First Merchants
$2.55Bn
41.06
-1.98%
+13.68%
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.
GCMG
GCM Grosvenor
$2.54Bn
12.53
-3.84%
+7.74%
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.
LTC
2nd
Ltc Properties
$2.49Bn
45.46
-1.81%
+27.77%
The company has a significant financing business, generating revenue from mortgage loans receivable and construction financing for health care properties.
TRTN-PA
2nd
Triton International
$2.47Bn
24.43
-1.29%
-3.89%
The company operates a substantial equipment leasing business, providing non-bank financing and leasing for specialized intermodal equipment. This activity involves structuring finance leases and managing a large balance sheet of leased assets, fitting the specialty finance profile.
SYBT
Stock Yards Bancorp
$2.46Bn
79.31
-2.72%
+18.60%
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.
PAYO
2nd
Payoneer Global
$2.44Bn
7.17
+0.14%
+31.08%
The company specializes in moving money across borders for SMBs, freelancers, and contractors, earning significant revenue from foreign exchange spreads on multi-currency transactions.
INTR
Inter
$2.44Bn
3.78
-4.55%
-60.67%
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.
MBIN
Merchants Bancorp
$2.40Bn
52.14
-2.41%
+63.04%
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.
TRN
2nd
Trinity Industries
$2.39Bn
30.53
-4.41%
+16.26%
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.
HCI
Hci
$2.39Bn
191.78
-4.58%
-5.81%
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.
BHF
Brighthouse Financial
$2.36Bn
41.10
-3.18%
-20.66%
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.
STNE
StoneCo
$2.35Bn
7.49
-2.60%
-60.66%
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.
BUSE
First Busey
$2.33Bn
28.67
-2.35%
+24.33%
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.
BRBI
BRBI BR Partners
$2.26Bn
7.18
-1.03%
-49.33%
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.
MARA
2nd
MARA Holdings
$2.25Bn
5.88
-14.41%
-65.67%
The company generates material interest income, specifically $32.1 million in 2025, by monetizing its bitcoin holdings through lending, structured trading, and collateralized financing.
EFSC
Enterprise Financial Services
$2.23Bn
62.29
-2.47%
+15.78%
The company operates as a financial holding company through Enterprise Bank & Trust, which takes deposits and provides commercial and industrial loans, commercial real estate financing, and consumer loans. Its operations are concentrated in specific regions including Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico.
USO
United States Oil Fund
$2.20Bn
148.17
+1.87%
+108.60%
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.
BBAR
Banco BBVA Argentina
$2.19Bn
10.73
-3.94%
-37.29%
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.
NTB
Bank of N.T. Butterfield & Son
$2.19Bn
54.70
-1.41%
+17.21%
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.
WAFD
Wafd
$2.18Bn
29.49
-2.16%
-2.09%
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.
WU
Western Union
$2.18Bn
6.97
+5.45%
-21.42%
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.
AGM
Federal Agricultural Mortgage
$2.16Bn
198.65
-3.36%
+16.70%
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.
HMN
Horace Mann Educators
$2.15Bn
53.17
+5.92%
+13.73%
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.
PLUS
2nd
Eplus
$2.14Bn
82.43
-8.89%
+11.29%
The Financing segment provides non-bank financing specifically for IT equipment through sales-type and operating leases and loans.
ASST
Strive
$2.14Bn
20.59
-10.17%
-29.49%
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.
SMA
2nd
SmartStop Self Storage REIT
$2.14Bn
38.64
+1.36%
+12.03%
The company generates revenue from financing activities, providing mezzanine loans, bridge loans, promissory notes, and preferred equity to Managed REITs and joint venture properties.
FCF
First Commonwealth Financial
$2.13Bn
21.08
-2.00%
+33.33%
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.
OFG
Ofg Bancorp
$2.13Bn
50.71
-1.48%
+26.84%
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.
PBI
2nd
Pitney Bowes
$2.12Bn
15.62
-2.44%
+64.77%
The company operates Pitney Bowes Bank, which provides credit and financing options specifically to enable customers to acquire mailing and shipping equipment.
BULL
Webull
$2.11Bn
4.81
-10.76%
-51.61%
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.
SRCE
1St Source
$2.10Bn
87.35
-2.08%
+43.17%
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.
HTH
Hilltop Holdings
$2.09Bn
36.81
-2.41%
+11.24%
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.
ETH
Grayscale Ethereum Staking Mini ETF
$2.09Bn
21.41
-7.20%
-34.14%
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.
KMPR
Kemper
$2.08Bn
35.36
-1.15%
-17.05%
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.
ASAIY
2nd
Sendas Distributor
$2.06Bn
7.63
+3.95%
-8.18%
The company generates significant revenue through its co-branded Cartão Passaí credit card issued via its partnership with FIC, providing consumer credit to its customer base.
GSHD
Goosehead Insurance
$2.02Bn
56.88
+0.94%
-14.76%
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.
EVTC
2nd
Evertec
$2.02Bn
34.02
-1.93%
+19.24%
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.
CHCO
City Holding
$2.00Bn
142.05
-1.72%
+18.28%
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.
NTST
2nd
Netstreit
$1.94Bn
18.83
+0.97%
+3.18%
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.
TBBK
Bancorp
$1.92Bn
47.74
+0.84%
-23.87%
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.
IDT
2nd
Idt
$1.90Bn
81.87
-2.37%
+59.13%
The Fintech segment generates revenue from international money remittance through BOSS Money and electronic money services provided by IDT Services Limited.
GABC
German American Bancorp
$1.90Bn
50.56
-0.39%
+26.97%
German American Bancorp operates as a regional bank with a deposit and lending franchise concentrated in Indiana, Kentucky, and Ohio. It generates revenue from net interest income on consumer, commercial, agricultural, and residential mortgage loans, as well as deposit and treasury-management fees.
BXMT
Blackstone Mortgage Trust
$1.90Bn
11.44
-1.72%
-37.89%
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.
PURR
Hyperliquid Strategies
$1.90Bn
8.76
-9.60%
—
The company name 'Hyperliquid Strategies' strongly implies a focus on liquid alternative investment strategies, which typically fall under alternative asset management. Given the lack of operational detail in the profile beyond its role in a business combination, this is the closest fit within the Financial Services sector based on the company's nomenclature.
ETOR
eToro
$1.89Bn
22.68
-4.38%
-33.70%
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.
BLX
Bladex
$1.88Bn
50.55
-1.46%
+13.57%
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.
HAPN
Happen
$1.87Bn
16.18
-3.06%
-15.51%
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.
ARR
Armour Residential REIT
$1.87Bn
12.57
-0.24%
-24.60%
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.
DBC
Invesco DB Commodity Index Tracking Fund
$1.87Bn
31.48
+0.64%
+37.95%
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
$1.86Bn
42.43
-3.02%
+59.39%
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.
STBA
S&T Bancorp
$1.79Bn
50.89
-2.43%
+34.10%
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.
EZPW
Ezcorp
$1.77Bn
28.72
-2.71%
+59.56%
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.
FSUN
Firstsun Capital Bancorp
$1.75Bn
39.66
-2.60%
+16.85%
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.
TRIN
Trinity Capital
$1.75Bn
17.70
-0.51%
+22.83%
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.
ANG-PD
American National
$1.74Bn
21.81
+1.21%
-14.30%
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.
BY
Byline Bancorp
$1.72Bn
38.01
-2.66%
+40.00%
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.
TSLX
Sixth Street Specialty Lending
$1.70Bn
17.79
+0.06%
-18.58%
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.
TCBK
Trico Bancshares
$1.68Bn
52.44
-2.73%
+15.33%
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.
HOPE
Hope Bancorp
$1.67Bn
13.07
-2.75%
+23.42%
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.
OBK
Origin Bancorp
$1.67Bn
54.08
-4.03%
+52.51%
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.
OPEN
2nd
Opendoor Technologies
$1.66Bn
1.79
-9.60%
-75.24%
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.
QCRH
Qcr Holdings
$1.66Bn
101.12
-2.58%
+31.26%
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.
NBHC
National Bank Holdings
$1.65Bn
37.24
-2.67%
+2.42%
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.
BFC
Bank First
$1.63Bn
147.45
-1.44%
+18.99%
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.
CNOB
ConnectOne Bancorp
$1.63Bn
32.46
-1.99%
+31.31%
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.
ETHE
Grayscale Ethereum Staking ETF
$1.63Bn
17.97
-7.23%
-36.59%
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.
CCS
2nd
Century Communities
$1.61Bn
57.01
-0.19%
-6.05%
The company's Financial Services segment, through Inspire Home Loans Inc., provides mortgage services to homebuyers.
WLTH
Wealthfront
$1.60Bn
10.60
-5.02%
—
Wealthfront manages investment portfolios for clients and earns an asset-based fee (0.25% on its most popular offering), which contributed roughly 25% of its revenue in fiscal 2026. This core activity of deciding how to invest other people's money for a fee aligns with Asset Management.
RBCAA
Republic Bancorp
$1.59Bn
91.13
-1.78%
+37.22%
Republic Bancorp operates as a financial holding company for Republic Bank & Trust Company, which provides traditional banking products including checking/savings accounts, commercial real estate loans, and business loans within its regional Kentucky footprint. Its revenue is primarily driven by net interest income on these loans and deposits.
CASH
Pathward Financial
$1.59Bn
76.64
-3.00%
+13.47%
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.
LOB
Live Oak Bancshares
$1.57Bn
33.90
-3.61%
+7.41%
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.
TWFG
Twfg
$1.57Bn
28.96
-2.10%
+15.61%
TWFG operates as an independent distribution platform that earns commissions by placing insurance policies between carriers and clients. It does not underwrite risk itself, but instead acts as an intermediary through its network of over three thousand independent agencies.
AHL-PD
Aspen Insurance Holdings
$1.55Bn
16.86
-1.11%
-20.36%
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.
CSWC
Capital Southwest
$1.55Bn
23.27
-2.19%
+13.13%
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.
CMRE
2nd
Costamare
$1.54Bn
12.80
-2.74%
-3.83%
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.
PAX
Patria Investments
$1.53Bn
9.61
-1.54%
-36.78%
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.
SAFT
Safety Insurance
$1.53Bn
104.36
+0.01%
+45.09%
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.
IIPR
2nd
Innovative Industrial Properties
$1.52Bn
55.31
-1.88%
+4.36%
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.
LKFN
Lakeland Financial
$1.52Bn
61.37
-2.43%
+5.25%
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.
PRG
PROG Holdings
$1.52Bn
38.87
-2.56%
+36.39%
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.
TRUP
Trupanion
$1.51Bn
34.79
+3.33%
-18.12%
Trupanion underwrites medical insurance policies for cats and dogs, taking on the risk of financial loss from veterinary expenses in exchange for premiums. The company controls its own underwriting, pricing, and claims processing for its direct-to-consumer and B2B segments.
STC
Stewart Information Services
$1.49Bn
48.96
+3.64%
-29.02%
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.
ATLC
Atlanticus Holdings
$1.48Bn
96.62
-3.14%
+67.45%
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.
TFIN
Triumph Financial
$1.48Bn
61.70
-4.93%
+13.80%
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.
AMAL
Amalgamated Financial
$1.47Bn
49.36
-2.87%
+76.73%
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.
