JPM
2nd
Jpmorgan Chase
$890.84Bn
335.13
-0.10%
+12.80%
The Consumer & Community Banking segment offers credit cards and other consumer credit products to individual consumers.
CAT
2nd
Caterpillar
$340.25Bn
740.16
+2.02%
+41.08%
Through Cat Financial, the company provides specialty financing, including loans and leases to customers and dealers for equipment purchases.
MUFG
2nd
Mitsubishi Ufj Financial
$258.36Bn
21.77
+1.40%
+42.57%
The company provides specialized non-bank financing through its leasing business, which is explicitly listed as one of its core financial services provided through its subsidiaries.
TM
2nd
Toyota Motor
$254.12Bn
194.97
-0.81%
-3.46%
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
2nd
Wells Fargo & Company
$249.61Bn
82.42
+0.29%
-2.76%
The company has a significant mortgage business, providing home mortgage lending and servicing through its Consumer Banking and Lending segment and commercial real estate lending and servicing through its Corporate and Investment Banking segment.
IBM
2nd
International Business Machines
$236.53Bn
251.06
+3.74%
-10.99%
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
2nd
American Express
$218.46Bn
323.64
+1.64%
-8.89%
The company originates and services credit and charge cards for consumers and small businesses, generating significant revenue from interest on cardholder balances and annual fees.
DE
2nd
Deere
$171.63Bn
636.56
+0.64%
+38.44%
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.
RACE
2nd
Ferrari
$147.42Bn
397.13
-0.80%
-0.83%
Through Ferrari Financial Services, the company provides retail client financing for the purchase of current, pre-owned, and classic Ferrari models.
BBVA
2nd
Banco Bilbao Vizcaya Argentaria
$147.29Bn
25.80
+1.18%
+31.90%
Through its operations in Turkey (Garanti BBVA), the company provides specialized non-bank financing services including leasing and factoring.
COF
2nd
Capital One Financial
$126.68Bn
206.49
+2.44%
-4.87%
The company is the largest issuer of credit cards in the U.S. and provides personal loans and auto loans, generating significant revenue from interest income, interchange, and late fees.
ING
2nd
Ing Groep
$96.94Bn
33.40
+1.30%
+41.17%
ING generates significant revenue from mortgage lending for both private individuals and through real estate financing in its private banking segment.
CIB
2nd
Grupo Cibest
$93.98Bn
97.71
+1.77%
+80.74%
The company has a dedicated 'Leases' segment that specializes in financial and operating leases for fixed assets through subsidiaries like Renting Colombia and Leasing Banistmo.
SMFG
2nd
Sumitomo Mitsui Financial
$93.81Bn
24.51
+1.24%
+52.05%
The company has a material leasing business integrated into its Wholesale and Global Business Units, providing financing and leasing services to corporate clients.
USB
2nd
Us Bancorp
$92.02Bn
59.06
-0.05%
+24.05%
The company operates a mortgage banking business and offers mortgages to consumers through its Consumer and Business Banking segment.
BX
2nd
Blackstone
$82.49Bn
109.60
-0.68%
-32.11%
The company manages a significant real estate debt business via Blackstone Real Estate Debt Strategies, which invests in commercial mortgage loans and related securities.
BCS
2nd
Barclays
$78.31Bn
22.59
+1.12%
+15.91%
The Barclays US Consumer Bank operates a significant non-deposit-funded credit business, specifically through co-branded and proprietary credit card offerings and personal loans.
HPE
2nd
Hewlett Packard Enterprise
$77.27Bn
58.18
+3.67%
+150.02%
The Financial Services segment provides non-bank financing, leasing, and asset management services to support the deployment of technology hardware and software.
BSBR
2nd
Banco Santander (Brasil)
$75.65Bn
5.66
+0.89%
+5.01%
The bank provides real estate financing and loans as part of its retail banking offerings within the Commercial Banking segment.
AJG
2nd
Arthur J. Gallagher
$66.23Bn
258.42
-0.31%
-7.38%
The company provides third-party property casualty claims settlement and administration services through its Risk Management segment. This involves contract claim settlement and loss control services for organizations that self-insure, which fits the description of specialty non-bank financial services.
SNTUF
2nd
Santander UK
$65.21Bn
2.10
+0.00%
+24.26%
The company has a material mortgage lending business, providing residential mortgages to over 14 million personal customers as part of its Retail Banking segment.
CVNA
2nd
Carvana
$65.09Bn
59.20
-1.82%
-16.82%
The company generates additional revenue through in-house financing offered via its proprietary loan origination platform, extending credit directly to consumers for vehicle purchases.
GM
2nd
General Motors
$64.61Bn
76.10
-1.30%
+14.23%
Through GM Financial, the company provides commercial lending to dealers, including floorplan financing for vehicle inventory and loans for dealership facility improvements.
PCAR
2nd
Paccar
$58.02Bn
110.22
+0.14%
+10.39%
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.
MSTR
2nd
Strategy
$54.02Bn
153.48
+7.54%
-49.16%
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.
PSA
2nd
Public Storage
$52.38Bn
298.28
-1.18%
-3.24%
The company provides bridge lending financing to third-party self-storage owners, with a reported bridge loan receivable balance of $142.1 million.
O
2nd
Realty Income
$52.36Bn
55.34
-1.79%
-7.81%
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.
HMC
2nd
Honda Motor
$51.36Bn
33.99
-0.82%
+8.66%
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.
FITB
2nd
Fifth Third Bancorp
$47.89Bn
52.82
+0.78%
+25.25%
The company provides mortgage loans to individual customers through its Consumer and Small Business Banking segment.
F
2nd
Ford Motor
$46.57Bn
11.89
-2.14%
-5.33%
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.
RKT
Rocket Companies
$41.72Bn
11.11
-1.16%
-34.80%
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.
IX
Orix
$41.59Bn
37.00
+1.15%
+46.36%
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.
PRU
2nd
Prudential Financial
$39.61Bn
114.81
-0.36%
+12.71%
The company earns revenue from commercial mortgage origination and servicing, as well as transaction fees related to real estate and private fixed income.
DHI
2nd
Horton D R
$39.02Bn
138.98
-0.84%
-12.39%
The company operates a financial services segment through DHI Mortgage, which earns fees from mortgage origination.
BAP
2nd
Credicorp
$36.61Bn
387.94
-0.70%
+52.82%
The company operates Mibanco, which provides specialized microfinance and SME financing to microentrepreneurs in Peru and Colombia.
RPRX
Royalty Pharma
$35.74Bn
62.15
-0.16%
+65.82%
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.
SHG
2nd
Shinhan Financial
$33.30Bn
69.78
-0.11%
+33.88%
The company operates Shinhan Card, which generates revenue from credit card transaction fees, interest on revolving balances, and installment financing for consumers.
HBAN
2nd
Huntington Bancshares
$31.76Bn
15.72
+1.16%
-1.38%
The company has a dedicated Vehicle Finance segment that provides indirect auto lending through dealerships and direct lending to consumers for new and used vehicles.
MTB
2nd
M&T Bank
$31.70Bn
219.52
+0.55%
+20.81%
The company provides specialized non-bank financing through M&T Equipment Finance Corp. and LEAF Commercial Capital Inc., specifically offering equipment leasing and financing.
EXR
2nd
Extra Space Storage
$29.56Bn
139.92
-0.74%
-7.06%
The company runs a bridge lending program providing mortgage and mezzanine loans to third-party self-storage owners, generating interest and fee income.
CFG
2nd
Citizens Financial
$27.42Bn
64.87
+0.98%
+27.62%
The Consumer Banking segment specifically offers mortgage and home equity lending as a material product line for its retail customers.
CINF
2nd
Cincinnati Financial
$26.65Bn
173.63
+0.91%
+11.09%
The company owns CFC Investment Company, which provides commercial leasing and financing services.
AFRM
Affirm Holdings
$24.79Bn
73.51
-0.46%
-1.32%
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.
AER
2nd
AerCap Holdings
$24.69Bn
147.97
+2.43%
+23.33%
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.
SYF
Synchrony Financial
$24.09Bn
74.13
+1.01%
+0.18%
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.
RF
2nd
Regions Financial
$23.90Bn
28.05
+0.72%
+15.15%
The company has a dedicated Consumer Bank segment that provides mortgage lending and home equity loans to individual consumers.
KEY
2nd
Keycorp
$22.46Bn
21.05
+1.20%
+20.01%
The company provides commercial leasing and equipment financing to large corporate and institutional clients through its Institutional operating segment.
FCNCA
2nd
First Citizens Bancshares
$22.26Bn
2,143.91
+1.11%
+21.89%
The firm engages in specialty finance through asset-based lending, factoring, and receivables management for commercial clients, as well as equipment leasing for railroads and shippers via its Rail segment.
FNMA
Federal National Mortgage Association Fannie Mae
$21.77Bn
3.71
-2.88%
-70.70%
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
$21.17Bn
112.92
-1.35%
-8.40%
The company operates a financial services segment that originates mortgage loans for homebuyers and sells those loans to secondary market investors.
TEFOF
2nd
Telefonica S A
$20.98Bn
3.70
-3.39%
-32.73%
The company provides specialized non-bank financing through agricultural credit fintech solutions such as Agrolend in the Brazil segment.
ATMP
2nd
Barclays Bank
$20.88Bn
35.66
+1.13%
+28.64%
The Barclays US Consumer Bank segment originates and services consumer credit products, specifically co-branded and proprietary credit cards and personal loans.
RGLD
Royal Gold
$20.49Bn
242.00
+1.35%
+31.07%
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.
SNX
2nd
Td Synnex
$20.04Bn
251.17
+1.19%
+63.12%
The company generates revenue from financing arrangements extended to resellers and end users, including third-party leasing, floor plan financing, and device-as-a-service offerings.
SNA
2nd
Snap-on
$19.10Bn
369.18
+0.72%
+6.78%
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.
KSPI
2nd
Joint Stock Co Kaspi.kz
$17.79Bn
93.51
+0.61%
+25.38%
The Fintech Platform provides direct consumer credit products, including Buy-Now-Pay-Later (BNPL) and general purpose loans, which are core revenue drivers.
TPG
2nd
Tpg
$17.23Bn
44.08
-0.68%
-22.30%
TPG manages the TPG RE Finance Trust and other real estate debt opportunities, which align with the activities of mortgage REITs or credit-based real estate investment vehicles.
WF
2nd
Woori Financial
$17.22Bn
70.38
-0.33%
+28.45%
The company has a dedicated Credit Cards segment providing credit purchase, cash advance, and installment options to consumers and corporates through Woori Card.
FTAI
2nd
FTAI Aviation
$16.78Bn
163.52
+3.53%
-5.30%
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.
LEN
2nd
Lennar
$16.15Bn
77.68
-1.28%
-39.43%
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.
CBSH
2nd
Commerce Bancshares
$15.90Bn
55.14
-0.79%
+7.53%
The Commercial segment specifically provides leasing services, which generates leasing income for the company.
ZTO
2nd
ZTO Express (Cayman)
$15.72Bn
19.88
-1.78%
+4.58%
The company provides financial services to its qualified network partners, specifically offering loans and financing arrangements as a distinct revenue stream.
NVR
2nd
Nvr
$15.71Bn
5,894.92
-1.21%
-24.35%
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.
KIM
2nd
Kimco Realty
$15.23Bn
22.73
-1.17%
+2.34%
The company provides real estate financing services and preferred equity capital specifically to retailers, which constitutes a non-bank commercial lending activity.
PNFP
2nd
Pinnacle Financial Partners
$14.84Bn
98.27
+3.05%
+11.13%
The company provides specialty non-bank financing through Advocate Capital for law firm case expenses and JB&B Capital for commercial equipment loans and leases.
FUTU
2nd
Futu Holdings
$14.72Bn
105.03
-0.45%
-37.93%
The company generates a significant share of its total revenue from interest income derived from margin financing and securities lending provided to its users.
CNH
2nd
CNH Industrial
$14.26Bn
11.52
-0.09%
+8.17%
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.
AIZ
2nd
Assurant
$14.05Bn
284.56
+0.32%
+34.96%
The company provides extended service contracts and protection for consumer electronics, appliances, and commercial equipment, which constitutes a material part of its Global Lifestyle segment revenue.
NLY
Annaly Capital Management
$13.54Bn
18.04
-1.42%
-14.30%
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
$13.30Bn
44.45
-2.41%
+10.24%
The company generates interest income from providing real estate loans and mortgage loans secured by healthcare properties.
TXT
2nd
Textron
$13.29Bn
77.32
+0.23%
-6.87%
The Finance segment, through Textron Financial Corporation, provides specialized non-bank financing and credit to purchasers of Textron's manufactured aircraft and helicopters.
ARCC
Ares Capital
$13.21Bn
18.40
-0.59%
-7.58%
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.
TOL
2nd
Toll Brothers
$12.43Bn
134.90
-0.46%
-2.19%
The company earns income from mortgage financing provided to its home buyers through its subsidiary, Toll Brothers Mortgage Company.
STLA
2nd
Stellantis
$12.23Bn
4.22
-2.54%
-62.05%
Stellantis operates captive finance companies that provide retail and dealer financing, leasing, and rental services to its customers and dealer network.
ALLY
2nd
Ally Financial
$11.79Bn
38.70
+1.87%
-5.56%
The company is a top provider of automotive financing, generating significant revenue from retail installment sales contracts and leases for consumers.
FMCC
Federal Home Loan Mortgage
$11.19Bn
3.46
-2.54%
-70.48%
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.
GLPI
2nd
Gaming & Leisure Properties
$11.16Bn
38.35
-2.02%
-15.00%
The company extends mortgage loans to developers for gaming projects, earning interest income from these loans before they potentially convert into lease revenue.
SNUS-PH
2nd
Santander Holdings USA
$11.14Bn
21.00
+0.19%
—
The Auto segment focuses on retail auto lending and leasing for new and used vehicles to individual consumers.
FHN
2nd
First Horizon
$10.99Bn
23.20
+0.61%
+11.65%
The company operates a mortgage banking business that includes mortgage origination and mortgage warehouse lending.
PAYP
2nd
PayPay
$10.39Bn
15.35
-1.03%
—
PayPay provides consumer credit products, including PayPay Credit and PayPay Card, generating revenue from interest income on revolving credit and cash advance balances.
BPOP
2nd
Popular
$10.36Bn
162.25
+0.87%
+37.93%
The company has a material residential mortgage lending business, providing residential mortgage loans to individual consumers as part of its Retail Banking segment.
JEF
2nd
Jefferies Financial
$10.34Bn
45.02
-0.02%
-18.25%
The company provides corporate lending through Jefferies Finance and commercial real estate finance through Berkadia, which are non-bank commercial lending activities.
AGNC
AGNC Investment
$10.22Bn
8.78
-0.23%
-12.64%
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.
SSB
2nd
SouthState Bank
$9.96Bn
102.76
+0.07%
+8.66%
The company has a dedicated Mortgage Banking segment that originates single-family home loans and sells them into the secondary market or retains servicing rights.
WTFC
2nd
Wintrust Financial
$9.94Bn
147.36
+0.74%
+13.87%
The company has a dedicated specialty finance segment that provides non-bank financing such as lease financing, accounts receivable finance, and premium finance for insurance policies.
CFR
2nd
Cullen
$9.68Bn
155.69
-0.24%
+24.65%
The Banking segment provides specialized non-bank financing including equipment financing, inventory and accounts receivable financing, and commercial leases.
FCFS
FirstCash Holdings
$9.40Bn
216.75
+0.92%
+41.32%
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.
KLAR
2nd
Klarna
$9.25Bn
13.11
-0.30%
-64.63%
The company provides extensive consumer credit products, specifically 'Pay Later' and 'Financing' options, which represent a significant portion of its gross merchandise volume and revenue through interest and fees.
KT
2nd
Kt
$8.70Bn
18.05
-3.84%
-4.65%
Through its subsidiary BC Card, the company provides financial services and payment processing, contributing 14% of total operating revenue.
CTRE
2nd
CareTrust REIT
$8.42Bn
35.67
-2.06%
+3.99%
The company extends secured mortgage loans and mezzanine loans to healthcare operators, generating revenue from these financing receivables.
COLB
2nd
Columbia Banking System
$8.26Bn
29.20
+0.72%
+14.20%
The company originates residential real estate loans and generates revenue from loan sales into the secondary market while retaining servicing rights.
WAL
2nd
Western Alliance Bancorporation
$8.24Bn
75.57
+0.39%
-0.89%
The company operates a national mortgage banking platform through its AmeriHome subsidiary, originating and servicing residential mortgages and earning origination and servicing fees.
REXR
2nd
Rexford Industrial Realty
$8.20Bn
36.79
-0.86%
-15.25%
The company generates additional revenue by acting as a lender, providing mortgage debt investments secured by industrial property.
IDA
2nd
Idacorp
$8.02Bn
138.62
+0.43%
+2.10%
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.
BOKF
2nd
Bok Financial
$7.68Bn
126.40
-0.05%
+18.66%
The company has a dedicated mortgage banking operation that earns revenue from residential home loan origination, servicing fees, and gains on the sale and securitization of mortgage assets.
AGCO
2nd
Agco
$7.37Bn
105.30
+0.59%
-2.78%
The company operates finance joint ventures that provide retail financing to farmers and wholesale/floor plan financing to its dealer network.
COMP
2nd
Compass
$7.32Bn
9.72
+1.99%
+28.40%
Compass operates mortgage joint ventures that generate revenue from mortgage origination fees for consumers seeking to buy or refinance homes.
KMX
2nd
Carmax
$7.31Bn
51.47
-4.37%
+15.15%
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.
ZG
2nd
Zillow
$7.29Bn
32.41
-2.64%
-56.02%
The company operates Zillow Home Loans, which provides mortgage origination services, earning revenue from mortgage interest and fees.
VLY
2nd
Valley National Bancorp
$7.19Bn
13.02
+1.01%
+26.90%
The company provides equipment leasing to healthcare and industrial markets through its leasing subsidiary, Highland Capital Corp.
FAF
2nd
First American Financial
$6.78Bn
66.43
+0.36%
+8.78%
The company provides warehouse lending and mortgage subservicing, which are non-bank financing and servicing activities for the real estate industry.
WBHC
2nd
Wilson Bank Holding
$6.76Bn
550.00
+0.00%
+214.29%
The company engages in mortgage banking activities, producing revenue from the sale of originated loans in the secondary market and earning servicing rights income.
OMF
OneMain Holdings
$6.54Bn
56.82
+1.41%
+0.51%
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.
OR
OR Royalties
$6.51Bn
34.81
+0.09%
+2.11%
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
2nd
United Bankshares
$6.43Bn
47.18
+0.08%
+33.09%
The company conducts mortgage banking activities, including the origination, processing, and sale of residential mortgages in the secondary market, earning gains on the sale of these loans.
FNB
2nd
Fnb
$6.28Bn
17.80
+0.79%
+14.91%
The company has a dedicated mortgage banking operation that focuses on residential mortgage financing, origination, and servicing, generating specific mortgage banking income.
AGBK
2nd
Agi
$6.21Bn
7.33
-4.18%
—
The company generates primary revenue from interest income on a loan portfolio consisting of consumer loans secured by social security benefits, FGTS balances, and payrolls.
TEX
2nd
Terex
$6.06Bn
53.06
+0.80%
-3.51%
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.
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.
LAD
2nd
Lithia Motors
$5.92Bn
269.23
-10.12%
-13.67%
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
$5.90Bn
47.84
-1.20%
-7.88%
The company originates and services consumer credit products, specifically Emerald Advance term loans and Refund Advance loans, earning income from these lending activities.
HOMB
2nd
Home Bancshares
$5.89Bn
29.36
-0.14%
+8.02%
The company operates specialty lending platforms, specifically the Shore Premier Finance segment which provides commercial and consumer marine loans for yachts and sailboats, and the Centennial Commercial Finance Group which focuses on national commercial and industrial loans.
GBCI
2nd
Glacier Bancorp
$5.82Bn
44.69
+0.40%
+3.33%
The company has a dedicated mortgage origination and loan servicing business that generates fees from underwriting, processing, and closing loans, as well as servicing fees on loans held for others.
GATX
2nd
Gatx
$5.80Bn
164.33
+1.64%
+0.80%
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.
FIGR
Figure Technology Solutions
$5.67Bn
25.36
-1.40%
-35.37%
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.
PAGS
2nd
PagSeguro Digital
$5.62Bn
11.45
-2.39%
+26.10%
PagSeguro originates and services credit products, earning income from interest on loans provided to its merchant and consumer customer base.
CACC
Credit Acceptance
$5.62Bn
541.25
+0.57%
+7.86%
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.
ASB
2nd
Associated Banc
$5.51Bn
29.18
+0.31%
+15.11%
The Corporate and Commercial Specialty segment provides specialized non-bank-style financing including asset-based lending and equipment financing.
AUB
2nd
Atlantic Union Bankshares
$5.49Bn
38.66
+1.20%
+13.27%
The company operates a dedicated home loan division, Atlantic Union Home Loans, which originates residential mortgages and sells them into the secondary market.
BXSL
Blackstone Secured Lending Fund
$5.44Bn
23.38
-1.02%
-11.57%
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.
ABCB
2nd
Ameris Bancorp
$5.41Bn
80.68
-0.02%
+10.13%
The company engages in mortgage banking activities and provides residential mortgage loans and home equity loans through its Retail Banking segment.
RUSHA
2nd
Rush Enterprises Inc \Tx\
$5.40Bn
46.16
+0.65%
+34.54%
Rush provides financing and leasing products to its commercial vehicle customers, acting as a specialty finance provider for commercial fleet equipment.
RELY
2nd
Remitly Global
$5.38Bn
25.42
+3.71%
+53.69%
The company offers 'Remitly Flex,' a product that allows customers to 'send now and pay later,' which constitutes a form of consumer credit/lending.
BMA
2nd
Macro Bank
$5.38Bn
64.27
+1.44%
+20.69%
The Retail Banking segment specifically offers mortgage financing as a core product for individual customers.
HGTY
2nd
Hagerty
$5.33Bn
15.53
+0.52%
+38.04%
Through Broad Arrow Capital LLC, the company provides financing solutions and structures loans secured by collector cars for qualified customers.
AX
2nd
Axos Financial
$5.12Bn
90.33
+0.41%
+14.18%
The Banking Business Segment explicitly offers and earns fee income from single family, multifamily, and commercial real estate mortgages.
AN
2nd
Autonation
$5.07Bn
153.07
-5.45%
-30.01%
The company operates a captive auto finance company, AutoNation Finance, which provides consumer auto finance loans directly to retail customers and earns interest income.
MAIN
Main Street Capital
$4.98Bn
53.33
-0.04%
-7.99%
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.
GGAL
2nd
Grupo Financiero Galicia
$4.88Bn
36.82
+3.84%
+14.63%
The company operates Tarjetas Regionales (Naranja X), which provides proprietary brand credit cards and consumer finance to the underbanked population.
OBDC
Blue Owl Capital
$4.88Bn
9.89
-0.40%
-23.69%
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
$4.77Bn
8.54
-1.27%
-21.07%
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.
HASI
2nd
HA Sustainable Infrastructure Capital
$4.67Bn
36.47
+2.19%
+28.23%
The company engages in specialty finance by providing capital across the capital structure to niche sustainable projects, including renewable natural gas plants and transportation fleet enhancements, earning interest income on these debt investments.
FLG
2nd
Flagstar Bank, National Association
$4.61Bn
11.06
-0.45%
-4.08%
The company has a material mortgage banking business and generates significant revenue from interest income on residential mortgages and mortgage banking activities.
OPLN
2nd
Openlane
$4.60Bn
37.45
-0.69%
+38.96%
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.
TFSL
2nd
TFS Financial
$4.60Bn
16.39
-0.06%
+23.42%
The company is a major originator of residential mortgages and home equity loans, ranking as a top lender in several Ohio counties and engaging in correspondent lending partnerships to acquire first mortgage loans.
INTR
2nd
Inter
$4.56Bn
7.07
-2.62%
-23.73%
The company has a dedicated Credit vertical that originates and services personal loans and credit cards for individuals and small businesses.
NNI
2nd
Nelnet
$4.53Bn
125.59
-0.73%
-3.38%
The company originates and services a diverse portfolio of consumer loans, including private education loans, home improvement loans, and debt consolidation loans, earning interest income and origination fees.
STWD
Starwood Property Trust
$4.49Bn
12.12
-0.57%
-35.01%
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.
ENVA
Enova International
$4.48Bn
180.07
+0.32%
+61.58%
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.
SFBS
2nd
ServisFirst Bancshares
$4.35Bn
39.79
+0.56%
+11.90%
The company explicitly provides mortgage products to its retail customers as part of its lending activities.
TKC
2nd
Turkcell Iletisim Hizmetleri A S
$4.32Bn
4.91
-1.21%
-16.21%
Through its Financell brand, the company provides consumer and enterprise lending services as part of its Techfin segment.
FULT
2nd
Fulton Financial
$4.30Bn
22.53
-0.44%
+26.01%
The company generates material revenue from mortgage loan origination gains, indicating a substantive mortgage lending operation.
UCB
2nd
United Community Banks
$4.29Bn
35.84
+0.99%
+18.60%
The company provides specialized non-bank financing through its national equipment finance platform, which is distinct from its regional deposit-taking activities.
SLM
Slm
$4.29Bn
22.83
+2.56%
-14.65%
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.
BC
2nd
Brunswick
$4.25Bn
65.47
-0.40%
+0.72%
Brunswick provides financing services, specifically dealer floor plan financing and consumer loans, which are non-bank financing solutions for its dealer network and customers.
BFH
Bread Financial Holdings
$4.19Bn
108.35
+3.57%
+77.83%
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.
SKY
2nd
Champion Homes
$4.19Bn
75.75
-0.79%
-1.70%
Through its joint venture, Champion Financing, the company provides consumer retail financing products specifically tailored to the manufactured housing market for homebuyers.
FBP
2nd
First Bancorp
$4.17Bn
27.33
-0.94%
+29.59%
The company has a dedicated Mortgage Banking segment that focuses on the origination, sale, and servicing of residential mortgage loans, including the issuance of GNMA mortgage-backed securities.
TNL
2nd
Travel & Leisure
$4.11Bn
67.17
+0.00%
+10.71%
The company provides consumer financing for the majority of its vacation ownership sales, generating revenue from these credit extensions to its customers.
OTF
Blue Owl Technology Finance
$4.05Bn
8.85
-0.56%
-38.41%
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).
CVCO
2nd
Cavco Industries
$4.00Bn
516.25
-0.63%
-10.63%
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.
VAC
2nd
Marriott Vacations Worldwide
$3.89Bn
113.08
-0.11%
+63.46%
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.
MTH
2nd
Meritage Homes
$3.87Bn
59.33
-1.49%
-16.89%
The company earns fees from its financial services segment by providing mortgage services to homebuyers.
ASAIY
2nd
Sendas Distributor
$3.75Bn
13.86
+0.00%
+79.77%
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.
RNST
2nd
Renasant
$3.69Bn
40.32
-0.12%
+15.93%
Through Republic Business Credit, the company provides specialized non-bank financing including factoring and asset-based lending on a nationwide basis.
SKYW
2nd
Skywest
$3.66Bn
94.25
+2.06%
-7.23%
The company operates a SkyWest Leasing segment that finances new E175 aircraft and generates revenue from leasing aircraft and engines to third parties.
STNE
StoneCo
$3.63Bn
11.55
-4.31%
-36.78%
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.
WSBC
2nd
Wesbanco
$3.61Bn
37.65
+0.05%
+20.21%
The company engages in mortgage banking activities, generating revenue from mortgage origination, servicing, and gains on the sale of loans.
MRP
2nd
Millrose Properties
$3.56Bn
23.09
-1.62%
-30.14%
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.
NIC
2nd
Nicolet Bankshares
$3.49Bn
165.81
+0.72%
+28.14%
The company originates residential mortgages and generates revenue from gains on the sale of these mortgages into the secondary market.
FIBK
2nd
First Interstate Bancsystem
$3.41Bn
35.67
+0.31%
+14.29%
The company engages in mortgage loan origination and servicing, generating revenue through servicing fees and the sale of mortgage loans to secondary markets.
FFBC
2nd
First Financial Bancorp
$3.32Bn
31.65
-0.60%
+29.98%
The company operates several specialty finance arms, including Summit Funding Group for lease and equipment financing, and Oak Street Funding and First Franchise Corporation for niche lending to RIAs and franchisees.
MCHB
2nd
Mechanics Bancorp
$3.24Bn
14.63
+0.21%
+7.65%
The company has a dedicated Mortgage and Consumer Lending segment that originates single-family residential mortgages and multifamily loans, often selling them to Fannie Mae while retaining servicing rights.
OAK-PA
2nd
Brookfield Oaktree Holdings
$3.23Bn
20.13
+0.60%
-8.79%
The company's Credit segment specifically includes business development companies (BDCs) as part of its investment strategies.
SBCF
2nd
Seacoast Banking Corp Of Florida
$3.17Bn
32.76
-0.12%
+8.33%
The company earns revenue from mortgage brokerage commissions, indicating a substantive business line in the origination and brokerage of mortgage loans.
NHI
2nd
National Health Investors
$3.14Bn
64.93
-2.15%
-13.24%
The company earns interest income by providing financing arrangements, including mortgages, construction loans, and mezzanine loans to tenants, operators, and third parties.
GBDC
Golub Capital Bdc
$3.12Bn
11.98
-0.17%
-14.85%
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.
PFSI
PennyMac Financial Services
$3.09Bn
59.52
-1.26%
-50.77%
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.
NMIH
2nd
NMI Holdings
$3.07Bn
40.77
-2.09%
+11.48%
The company operates a Loan Review Services segment that provides outsourced loan review to mortgage originators to assess compliance with underwriting guidelines.
HTGC
Hercules Capital
$3.05Bn
16.28
+0.00%
-8.18%
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.
BKU
2nd
BankUnited
$3.04Bn
42.11
-0.52%
+14.31%
The company maintains a dedicated Residential Mortgages segment where it invests in first lien jumbo mortgages acquired through correspondent channels and community partners.
MARA
2nd
MARA Holdings
$2.97Bn
7.79
+4.14%
-61.19%
The company generates material interest income, specifically $32.1 million in 2025, by monetizing its bitcoin holdings through lending, structured trading, and collateralized financing.
ABG
2nd
Asbury Automotive
$2.94Bn
163.94
-4.81%
-34.78%
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.
MHO
2nd
M
$2.88Bn
114.03
-8.09%
-18.72%
The company operates a financial services segment that generates revenue through mortgage origination fees, interest income from loans held for investment, and the sale of mortgages to agencies like Fannie Mae and Freddie Mac.
HOG
2nd
Harley-Davidson
$2.84Bn
27.33
+0.48%
+0.11%
Harley-Davidson Financial Services provides retail consumer loans to buyers of motorcycles, earning interest and fees from these credit products.
FSK
FS KKR Capital
$2.82Bn
10.09
-0.49%
-33.22%
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.
HGV
2nd
Hilton Grand Vacations
$2.81Bn
35.99
-0.55%
-17.79%
The company generates a substantial portion of its revenue by financing and servicing loans provided directly to consumers for their VOI purchases.
BANC
2nd
Banc Of California
$2.74Bn
17.37
+0.12%
+3.52%
The company operates a Specialty Banking segment providing non-traditional financing in niches such as equipment finance, asset-based lending, and intellectual property-backed loans.
SII
2nd
Sprott
$2.74Bn
106.31
+0.43%
+29.03%
Through its Private strategies segment and Sprott Resource Lending Corp., the company provides debt financing and specialized capital to companies in the natural resource sector.
GPI
2nd
Group 1 Automotive
$2.68Bn
224.95
-7.52%
-50.06%
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.
TWO-PC
Two Harbors Investment
$2.67Bn
25.39
+0.00%
+4.70%
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.
TRMK
2nd
Trustmark
$2.64Bn
45.29
-0.24%
+18.68%
Trustmark provides mortgage banking services, including construction financing and mortgage servicing, and earns revenue from secondary market activities.
DX
Dynex Capital
$2.63Bn
11.06
+0.91%
-16.78%
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.
KBH
2nd
Kb Home
$2.61Bn
42.98
-0.85%
-32.26%
The company operates a financial services segment that provides mortgage origination and loan processing fees to homebuyers through its affiliated mortgage joint venture.
GRBK
2nd
Green Brick Partners
$2.61Bn
60.67
-2.18%
-11.66%
The company earns fees from mortgage origination through its wholly owned subsidiary, GRBK Mortgage.
FBK
2nd
FB Financial
$2.60Bn
52.10
-0.40%
-3.98%
The company operates dedicated mortgage banking offices and a branch network providing residential mortgage origination and servicing, generating specific revenue from mortgage origination and servicing fees.
BBAR
2nd
Banco BBVA Argentina
$2.60Bn
12.74
+1.76%
+35.24%
The bank provides credit card financing and consumer loans to approximately 3,600,000 active retail clients.
TRTN-PA
2nd
Triton International
$2.58Bn
25.49
+0.35%
-1.73%
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.
CUBI
2nd
Customers Bancorp
$2.58Bn
76.28
+0.38%
+17.41%
The company has a dedicated mortgage finance business that provides liquidity to mortgage companies through short-term warehouse facilities and offers residential mortgages and home equity loans to consumers.
FBNC
2nd
First Bancorp
$2.53Bn
61.04
-0.86%
+25.11%
Through its subsidiary Magnolia Financial, the company provides specialized non-bank financing including accounts receivable factoring, inventory financing, and purchase order financing.
AKR
2nd
Acadia Realty Trust
$2.50Bn
18.21
-1.51%
-6.52%
The company engages in structured finance activities, earning interest income from first mortgage loans and other notes receivable collateralized by real estate.
FRME
2nd
First Merchants
$2.49Bn
39.96
-0.37%
+8.23%
The company has a dedicated mortgage banking team that generates revenue through loan origination fees, gains on loan sales, and servicing revenue for residential real estate.
PLUS
2nd
Eplus
$2.46Bn
94.14
+0.06%
+26.62%
The Financing segment provides non-bank financing specifically for IT equipment through sales-type and operating leases and loans.
PBI
2nd
Pitney Bowes
$2.39Bn
17.40
+0.12%
+48.97%
The company operates Pitney Bowes Bank, which provides credit and financing options specifically to enable customers to acquire mailing and shipping equipment.
SYBT
2nd
Stock Yards Bancorp
$2.38Bn
76.66
-1.12%
+12.98%
The Commercial Banking segment includes mortgage banking activities, and the company explicitly lists mortgage banking income as a component of its non-interest revenue.
BBT
2nd
Beacon Financial
$2.35Bn
27.98
+0.29%
+16.10%
The company operates an Equipment Financing segment through its Eastern Funding subsidiary, which provides loans and leases for commercial equipment to small businesses like laundries and fitness centers.
BANR
2nd
Banner
$2.31Bn
68.05
-0.18%
+7.95%
The company engages in mortgage banking operations, specifically the origination and sale of one- to four-family residential loans, and earns revenue from mortgage servicing fees and loan sales.
LTC
2nd
Ltc Properties
$2.27Bn
42.19
-1.56%
+20.30%
The company has a significant financing business, generating revenue from mortgage loans receivable and construction financing for health care properties.
ECPG
Encore Capital
$2.21Bn
104.16
+0.97%
+142.80%
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.
MBIN
2nd
Merchants Bancorp
$2.19Bn
47.76
-1.36%
+48.69%
The Multi family Mortgage Banking segment originates and services loans for affordable multi family rental housing and healthcare facilities, often selling them as mortgage-backed securities.
EFSC
2nd
Enterprise Financial Services
$2.18Bn
60.25
-0.50%
+9.01%
The company operates a Specialty Lending Niches segment providing non-bank style financing such as life insurance premium finance, sponsor finance for private equity-backed companies, and tax credit related lending.
AGM
Federal Agricultural Mortgage
$2.16Bn
199.49
-0.81%
+23.39%
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.
HTH
2nd
Hilltop Holdings
$2.09Bn
36.49
-0.65%
+13.43%
The mortgage origination segment, operating through PrimeLending, originates residential mortgage loans and sells them in the secondary market.
SRCE
2nd
1St Source
$2.07Bn
85.81
-0.66%
+43.86%
The company operates a Specialty Finance Group with 15 locations nationwide that focuses on non-bank financing for construction equipment, aircraft, and vehicle fleets for fleet customers.
TBBK
2nd
Bancorp
$2.05Bn
49.93
-1.34%
-33.36%
The company operates a Credit Solutions segment providing specialty non-bank financing, specifically equipment leasing for commercial and government fleets and commercial real estate bridge loans.
BLX
2nd
Bladex
$2.04Bn
54.90
-1.40%
+21.35%
The bank provides specialized non-bank financing services including factoring, vendor financing, and financial leasing within its Commercial Business Segment.
EZPW
Ezcorp
$2.04Bn
33.20
+0.45%
+88.53%
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.
BBUC
2nd
Brookfield Business
$2.02Bn
27.03
+1.12%
-24.05%
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.
TRN
2nd
Trinity Industries
$2.01Bn
25.22
+1.61%
-10.28%
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.
CHCO
2nd
City Holding
$1.98Bn
140.88
-0.86%
+17.05%
The company engages in mortgage banking activities and generates revenue from mortgage banking fees.
WU
2nd
Western Union
$1.95Bn
6.26
+0.64%
-23.00%
The company earns revenue from lending partnerships within its Consumer Services segment, providing credit-related products to consumers outside of a traditional deposit-taking bank structure.
SMA
2nd
SmartStop Self Storage REIT
$1.91Bn
34.44
-0.49%
-8.26%
The company generates revenue from financing activities, providing mezzanine loans, bridge loans, promissory notes, and preferred equity to Managed REITs and joint venture properties.
ARR
Armour Residential REIT
$1.90Bn
12.81
+0.95%
-18.36%
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.
UWMC
UWM Holdings
$1.80Bn
1.12
+2.75%
-80.21%
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.
HOPE
2nd
Hope Bancorp
$1.74Bn
13.66
+0.29%
+29.23%
The company provides residential mortgage loans to individual consumers and commercial mortgage financing to real estate investors and developers.
BXMT
Blackstone Mortgage Trust
$1.72Bn
10.19
-0.78%
-43.67%
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.
NTST
2nd
Netstreit
$1.70Bn
16.49
-3.28%
-13.80%
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.
HAPN
2nd
Happen
$1.70Bn
14.72
+0.96%
-11.96%
The company originates and services a wide array of consumer credit products, specifically personal loans for debt consolidation, auto refinance, and point-of-sale financing for healthcare.
FSUN
2nd
Firstsun Capital Bancorp
$1.70Bn
38.48
+0.37%
-2.58%
The company has a dedicated Mortgage Operations segment that originates, services, and packages residential mortgage loans into securities for government agencies.
NBHC
2nd
National Bank Holdings
$1.69Bn
38.04
+0.03%
+2.78%
The company operates dedicated mortgage brands such as Community Banks Mortgage and Bank Midwest Mortgage, providing residential mortgage services as a material part of its lending portfolio.
BY
2nd
Byline Bancorp
$1.69Bn
37.42
-0.53%
+38.90%
The company operates a substantive equipment leasing business through its subsidiary, Byline Financial Group, which serves vendors and end users in manufacturing, construction, and healthcare.
TCBK
2nd
Trico Bancshares
$1.69Bn
52.79
-0.15%
+24.71%
The bank has a significant mortgage and real estate lending operation, with $4.6 billion in commercial real estate loans and $279.9 million in real estate construction loans outstanding as of December 31, 2024.
CMRE
2nd
Costamare
$1.69Bn
13.99
+1.52%
+24.13%
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.
CNOB
2nd
ConnectOne Bancorp
$1.68Bn
30.88
-0.23%
+26.14%
The company provides a broad array of loan products including residential mortgages and commercial real estate loans, and it realizes gains from the sale of loans in the secondary market.
QCRH
2nd
Qcr Holdings
$1.63Bn
99.47
+0.08%
+39.71%
The company operates a leasing subsidiary, m2, and includes leases in its interest-earning assets, fitting the description of specialty finance for equipment or commercial leasing.
TSLX
Sixth Street Specialty Lending
$1.62Bn
17.01
+1.13%
-22.40%
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.
OBK
2nd
Origin Bancorp
$1.60Bn
51.75
-1.01%
+51.18%
The company engages in mortgage banking activities, specifically generating income from the origination and sale of residential mortgage loans.
RBCAA
2nd
Republic Bancorp
$1.59Bn
90.69
-1.38%
+32.82%
The company has a dedicated Warehouse Lending segment that provides short-term revolving credit facilities to mortgage bankers across the United States, earning interest and fee income on these advances.
CCS
2nd
Century Communities
$1.54Bn
54.33
-2.09%
-11.08%
The company's Financial Services segment, through Inspire Home Loans Inc., provides mortgage services to homebuyers.
CASH
2nd
Pathward Financial
$1.54Bn
74.20
+0.37%
+3.41%
The Commercial Finance business line provides specialized non-bank style financing including equipment finance, factoring, asset-based lending, and lease financing for small and mid-sized enterprises.
TRIN
Trinity Capital
$1.52Bn
16.18
+0.43%
+8.88%
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.
TFIN
2nd
Triumph Financial
$1.48Bn
62.01
-0.42%
+3.28%
The company has a substantial Factoring segment that provides working capital to trucking carriers by purchasing invoices at a discount, which is a form of receivables finance.
EFC
Ellington Financial
$1.46Bn
11.43
-0.44%
-15.77%
Ellington Financial is a REIT whose revenue is primarily derived from a portfolio of mortgage-related assets, including agency and non-agency RMBS, CMBS, and residential mortgage loans. Its core business model focuses on generating returns from the net interest spread and performance of these mortgage-backed securities and loans rather than renting physical property.
IIPR
2nd
Innovative Industrial Properties
$1.45Bn
52.61
-0.21%
-2.57%
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.
CSWC
Capital Southwest
$1.43Bn
22.37
-0.09%
+7.91%
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.
TMP
2nd
Tompkins Financial
$1.42Bn
98.86
-0.50%
+51.44%
The banking segment specifically originates and services lease products as part of its lending activities, which falls under specialty finance.
ATLC
Atlanticus Holdings
$1.40Bn
92.29
+1.84%
+65.84%
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.
PEBO
2nd
Peoples Bancorp
$1.34Bn
37.33
-0.61%
+28.19%
The company operates nationwide specialty lending operations, specifically providing equipment leasing and financing arrangements as a distinct business line.
HBT
2nd
HBT Financial
$1.28Bn
35.30
-0.98%
+42.22%
The company engages in residential mortgage origination and servicing, generating revenue from mortgage servicing rights and interest on residential mortgage loans.
UMH
2nd
Umh Properties
$1.28Bn
15.02
-2.34%
+2.53%
Through its taxable REIT subsidiary and the COP program with Triad Financial, the company provides financing for manufactured home purchases to residents and prospective buyers.
PRG
PROG Holdings
$1.22Bn
30.66
-0.84%
-6.30%
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.
JCAP
Jefferson Capital
$1.19Bn
20.74
-0.05%
+13.77%
Jefferson Capital operates as a non-bank commercial lender/finance company that specializes in the niche of purchasing charged-off and deteriorating consumer loan portfolios at a discount. Its revenue is derived from the recovery of these distressed receivables and the management of non-performing loans, which fits the specialty finance profile of providing credit-related financing outside a deposit-taking structure.
GBX
2nd
Greenbrier Companies
$1.16Bn
37.65
+0.13%
-17.72%
The company owns and operates a lease fleet of approximately 17,000 railcars, providing operating and per diem leases to railroads and other railcar owners.
AMTB
2nd
Amerant Bancorp
$1.14Bn
29.15
+0.21%
+58.94%
The company earns fee-based revenue from mortgage origination and servicing as part of its credit suite.
LADR
Ladder Capital
$1.14Bn
8.95
-1.32%
-17.89%
Ladder Capital is a REIT whose primary revenue is derived from net interest income on a large portfolio of balance sheet first mortgage loans and commercial mortgage-backed securities (CMBS). Its core business involves originating and holding mortgage assets to earn a net interest spread, which is the defining characteristic of a Mortgage REIT.
OCFC
2nd
Oceanfirst Financial
$1.13Bn
16.10
+0.06%
-15.35%
The company engages in mortgage banking activities, generating revenue from residential real estate loan origination fees and gains on the sale of loans.
GOLD
2nd
Gold.com
$1.13Bn
38.83
+1.70%
+43.18%
Through its subsidiary Collateral Finance Corporation, the company operates a Secured Lending segment that originates commercial loans secured by bullion, numismatic coins, and graded sports cards.
WD
Walker & Dunlop
$1.09Bn
32.87
-1.59%
-60.50%
The company's core activities include originating and servicing multifamily and commercial real estate loans, generating revenue from loan origination fees and servicing fees for Agency programs like Fannie Mae and Freddie Mac.
MSDL
Morgan Stanley Direct Lending Fund
$1.09Bn
12.87
-0.46%
-24.38%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It originates and holds loans and equity in U.S. middle-market companies, generating revenue from interest income and loan origination fees.
MMI
2nd
Marcus & Millichap
$1.07Bn
28.16
+0.46%
-5.72%
The company provides financing services and collects fees from loan placement and related capital markets activities for its clients.
ESQ
2nd
Esquire Financial Holdings
$1.03Bn
118.72
-0.41%
+17.71%
The company provides specialized non-bank-style financing in a niche market, specifically offering working capital and post-settlement commercial loans tailored to the unique cash flow and contingent case inventories of the litigation market.
CCNE
2nd
Cnb Financial
$1.02Bn
34.54
-0.12%
+42.67%
The company owns Holiday Financial Services Corporation, a non-bank subsidiary that generates revenue through interest on consumer loans.
MBWM
2nd
Mercantile Bank
$1.01Bn
58.71
-0.56%
+30.73%
The company serves mortgage borrowers and earns income from loan-related services such as origination and processing fees for residential and commercial mortgage loans.
CMRF
Cim
$1.01Bn
2.31
+0.00%
—
The company is a REIT that generates a primary portion of its revenue from interest income on a $3.5 billion credit portfolio consisting of senior secured mortgage loans and real estate related securities. Its 'Credit' segment specifically focuses on originating and acquiring first and second lien mortgage loans.
FRBP
Franklin BSP Capital
$1.01Bn
7.56
-9.46%
-20.42%
The company 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 investments and dividend income from equity positions in private U.S. middle market companies.
FMCB
2nd
Farmers & Merchants Bancorp
$996.40Mn
1,440.00
-0.35%
+44.00%
The company has a material lending portfolio that includes residential real estate loans and real estate construction loans, which are core activities of mortgage lending.
MCBS
2nd
MetroCity Bankshares
$993.24Mn
34.51
-1.09%
+31.72%
The company has a substantial Residential Mortgage Banking segment that originates non-conforming residential mortgage loans and earns recurring servicing income from managing loans sold to third-party investors.
OCSL
Oaktree Specialty Lending
$990.97Mn
11.25
-0.53%
-18.83%
The company explicitly states it is a closed-end investment company that has elected to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940. It generates revenue from interest income on a portfolio of first lien, unitranche, and mezzanine loans provided to middle-market companies.
NBBK
2nd
NB Bancorp
$981.10Mn
22.39
+0.31%
+25.93%
The company has a dedicated Mortgage Warehouse Loans segment that provides repurchase agreement facilities to non-bank mortgage origination companies to fund the closing of residential mortgage loans.
ORC
Orchid Island Capital
$974.06Mn
4.88
-0.61%
-34.76%
Orchid Island Capital is a REIT whose assets consist of residential mortgage-backed securities (RMBS), including traditional pass-throughs and structured instruments like interest-only and principal-only securities. Its revenue is derived from the net interest margin on these leveraged mortgage portfolios rather than from renting physical property.
GSBD
Goldman Sachs BDC
$965.84Mn
8.58
+0.59%
-13.07%
The company is explicitly structured and regulated as a business development company (BDC) under the Investment Company Act of 1940. It originates and holds a portfolio of secured and unsecured debt and equity investments in U.S. middle-market companies.
CPF
2nd
Central Pacific Financial
$949.68Mn
36.80
+0.19%
+27.12%
The company originates residential mortgages and home equity loans, and specifically sells a portion of its 1st mortgage originations to the secondary market.
UPBD
Upbound
$942.70Mn
16.17
-0.92%
-29.36%
Upbound operates as a leading lease-to-own provider through its Acima, Rent-A-Center, and Mexico segments, providing non-bank financing for durable goods like furniture and electronics. This activity matches the specialty finance description of equipment leasing and non-bank commercial lending funded by wholesale borrowing rather than deposits.
HAFC
2nd
Hanmi Financial
$933.98Mn
31.50
+0.10%
+28.83%
The company actively originates and sells residential mortgage loans, as evidenced by the $1.9 million in gains on the sale of residential mortgage loans reported in its revenue streams.
TRST
2nd
Trustco Bank Corp N Y
$922.73Mn
54.19
-0.99%
+49.65%
The company holds a real estate investment trust (REIT) subsidiary that specifically manages mortgage assets and distributes earnings as dividends, which matches the definition of a Mortgage REIT.
FSBC
2nd
Five Star Bancorp
$922.25Mn
43.09
-0.35%
+23.47%
The company has a material lending business focused on residential real estate and construction loans, as well as commercial real estate and land loans.
THFF
2nd
First Financial
$887.02Mn
74.59
-0.59%
+37.39%
The company has a dedicated Residential Real Estate segment that originates mortgages for 1-4 family residences and earns income from selling these loans to secondary market purchasers.
EGBN
2nd
Eagle Bancorp
$869.89Mn
28.53
-0.11%
+46.61%
The company operates Bethesda Leasing, LLC, which manages real estate owned assets, and Landroval Municipal Finance, Inc., which provides specialized financing to municipalities through direct issuance and debt purchasing.
BBDC
Barings BDC
$864.88Mn
8.26
-0.72%
-5.28%
The company is explicitly structured and regulated as a business development company (BDC) under the Investment Company Act of 1940. Its primary business activity is to originate and hold senior secured private debt issued by middle market companies to generate income for shareholders.
HTT
High Templar Tech
$858.43Mn
2.03
-1.46%
-53.65%
The company's historical core business and primary revenue drivers involve providing credit solutions to young consumers in China, specifically earning financing income, loan facilitation income, and guarantee income from cash credit products.
GSBC
2nd
Great Southern Bancorp
$849.86Mn
78.08
-0.65%
+36.29%
The company has a dedicated mortgage lending office in Springfield, Missouri, and generates significant revenue from residential mortgages and home equity loans.
CCBG
2nd
Capital City Bank
$847.68Mn
49.54
+0.26%
+23.33%
The company operates a dedicated mortgage subsidiary, Capital City Home Loans, with 28 offices focused on residential real estate lending and origination.
NAVI
Navient
$846.87Mn
9.03
+0.56%
-27.64%
Navient originates, underwrites, and services private education loans for students and families through its Earnest brand. It generates revenue from net interest income on these consumer loans and origination fees, operating outside a traditional deposit-taking bank structure.
ABX
2nd
Abacus Global Management
$831.23Mn
8.50
+1.43%
+45.30%
The company operates as a non-bank commercial lender in the life settlement niche, purchasing life insurance policies on its own balance sheet to earn returns from death benefits and trade spreads.
WLFC
2nd
Willis Lease Finance
$826.95Mn
39.11
+5.82%
-9.45%
The company operates as a non-bank financier in the specialized niche of aircraft and engine leasing, acquiring assets through sale-leaseback transactions and generating returns through lease income.
SMBK
2nd
Smartfinancial
$825.51Mn
48.28
-3.84%
+37.12%
Through its wholly owned subsidiary Fountain Equipment Finance, LLC, the company provides specialized loans and leases for heavy equipment, semi trucks, and trailers to small and medium sized businesses.
KBDC
Kayne Anderson BDC
$825.06Mn
12.46
+0.00%
-11.32%
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 from interest and fee income on a portfolio of first lien senior secured, unitranche, and split lien loans to private middle market companies.
DFH
2nd
Dream Finders Homes
$824.43Mn
9.03
-5.94%
-61.21%
The company operates a mortgage banking business through Jet HomeLoans, which provides conforming and non-conforming loan products to homebuyers.
SPFI
2nd
South Plains Financial
$817.62Mn
43.40
-0.87%
+15.92%
The company has a dedicated mortgage banking division with 7 loan production offices, originating $269.3 million in mortgages and managing $1.8 billion in mortgages under servicing.
HBIA
2nd
Hills Bancorporation
$815.34Mn
46.76
+0.02%
+19.62%
The company generates revenue from mortgage loan originations that are sold on the secondary market.
ARI
Apollo Commercial Real Estate Finance
$812.86Mn
6.34
-0.31%
-37.66%
The company is explicitly described as a real estate investment trust (REIT) that generates revenue primarily through interest income from commercial mortgage loans and subordinate financings. Its assets consist of a loan portfolio totaling $8.8 billion rather than physical buildings, which aligns with the definition of a Mortgage REIT.
VMET
Versamet Royalties
$794.93Mn
8.51
+0.83%
—
Versamet operates as a non-bank commercial lender in a specialized niche, providing upfront capital to mining companies in exchange for future metal production or revenue streams. Its revenue is derived from interest-like returns via royalty payments and streaming agreements, funded by wholesale borrowing and equity rather than retail deposits.
HTB
2nd
HomeTrust Bancshares
$790.89Mn
47.28
+0.38%
+18.20%
The company provides specialized non-bank financing through equipment finance leases and municipal leases, which are distinct from its traditional deposit-funded loan products.
FISI
2nd
Financial Institutions
$785.30Mn
39.85
-0.25%
+49.81%
The company operates Five Star REIT, Inc., a subsidiary specifically structured as a REIT to hold residential mortgages and commercial real estate loans.
PGC
2nd
Peapack Gladstone Financial
$779.14Mn
43.95
+0.11%
+57.75%
The company operates a specific Residential Lending segment focused on originating residential mortgage loans and home equity lines of credit.
WRLD
World Acceptance
$777.28Mn
166.84
+0.16%
-7.10%
World Acceptance originates, underwrites, and services short-term and medium-term consumer installment loans to individuals. Its primary revenue source is interest and fee income from these consumer loans, which accounted for 82.9% of total revenues in fiscal 2026.
PRAA
Pra
$773.67Mn
20.55
+3.68%
+46.47%
PRA Group is a specialty finance company that purchases and manages nonperforming loan portfolios, including credit card, auto loan, and consumer loan debts. It earns revenue from the collections on these purchased portfolios, which is a form of non-bank commercial lending/financing activity focused on distressed debt.
SHBI
2nd
Shore Bancshares
$763.56Mn
22.85
-0.35%
+43.71%
The bank engages in mortgage lending and earns income from the sale of mortgage loans.
PSEC
Prospect Capital
$753.74Mn
1.47
-1.34%
-46.35%
Prospect Capital is explicitly described as a closed-end investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest and fee income on its investments in middle-market privately held companies.
IBCP
2nd
Independent Bank
$741.49Mn
35.99
-0.94%
+12.01%
The company engages in mortgage banking activities, specifically residential mortgages, loan origination, and loan sales, which generate non-interest income.
WASH
2nd
Washington Trust Bancorp
$733.65Mn
38.47
+0.94%
+39.64%
The company has a dedicated Mortgage Banking segment that originates residential mortgage loans for one to four family properties and sells these loans to investors such as government sponsored enterprises.
CTO
2nd
CTO Realty Growth
$733.53Mn
19.57
-3.45%
+23.55%
The Commercial Loans and Investments segment originates and holds a portfolio of corporate loans and preferred equity investments secured by real estate collateral, earning interest income and origination fees.
MTA
Metalla Royalty & Streaming
$732.05Mn
7.88
+1.16%
+13.38%
Metalla operates as a non-bank commercial lender/financier in a specialized niche, providing upfront capital to mining operators in exchange for royalties and streams. Its revenue comes from interest-like royalty payments and predetermined-price metal purchases, funded by its own balance sheet rather than retail deposits.
LU
Lufax Holding
$719.35Mn
0.83
-3.49%
-74.46%
Lufax provides non-bank financing to small business owners for working capital and expansion funds through its Core Retail Credit and Enablement segment. This activity constitutes a substantial part of its business, providing credit to a niche (small businesses) outside of a traditional deposit-taking bank structure.
CGBD
Carlyle Secured Lending
$697.14Mn
10.08
-0.49%
-19.75%
The company explicitly operates as a business development company (BDC) that originates and holds a portfolio of senior secured loans to middle-market companies. Its revenue is derived from interest income, origination fees, and capital gains from these private credit investments.
BCAL
2nd
California BanCorp \ CA
$694.86Mn
21.64
-1.05%
+28.58%
The company has a significant concentration in mortgage-related lending, with commercial real estate loans representing 60.0% of its total loan portfolio.
FDUS
Fidus Investment
$694.19Mn
18.29
-0.87%
-10.78%
Fidus Investment Corporation explicitly operates as an externally managed business development company (BDC) under the Investment Company Act of 1940. It originates and holds a portfolio of debt and equity investments in lower middle market businesses, generating revenue from interest income, dividends, and capital gains.
CWBC
2nd
Community West Bancshares
$694.01Mn
25.58
-0.54%
+21.52%
The company maintains a dedicated Real Estate Division and reports a significant portion of its loan portfolio as real estate loans, totaling approximately $1.93 billion.
CIM
Chimera Investment
$690.62Mn
8.25
-1.55%
-35.60%
Chimera Investment Corp is a REIT that generates its primary revenue from net interest income on a diversified portfolio of mortgage assets, including residential mortgage loans, RMBS, and CMBS. It explicitly identifies as a mortgage REIT and uses securitization and repurchase agreements to finance these mortgage-backed assets.
PFIS
2nd
Peoples Financial Services
$688.51Mn
68.78
-0.55%
+45.41%
Through its subsidiary 1st Equipment Finance, Inc., the company provides specialized non-bank financing including direct finance loans and leases for equipment to businesses and governmental units.
GROY
Gold Royalty
$680.33Mn
3.03
+3.77%
-14.65%
Gold Royalty provides non-bank financing to the mining industry by acquiring royalties and streaming interests, which are specialized forms of asset-based financing. Its revenue is derived from royalty payments and interest on loans made to mining companies, such as the gold-linked loan for the Borborema project.
TCBX
2nd
Third Coast Bancshares
$677.05Mn
40.69
-1.43%
+3.88%
The company has a material business line in real estate financing and real estate secured loans, which are cited as a key component of its loan portfolio and revenue stream.
MFIC
MidCap Financial Investment
$673.81Mn
8.18
-0.97%
-31.26%
The company explicitly states it has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. Its core activity is originating and holding first lien senior secured loans and equity interests in private middle-market companies.
CARE
2nd
Carter Bankshares
$673.07Mn
30.37
+0.63%
+59.76%
The company provides residential mortgages and earns specific revenue from gains on the sale of mortgage loans.
BUR
Burford Capital
$669.73Mn
3.05
-0.97%
-71.47%
Burford Capital operates as a non-bank commercial lender in the specialized niche of legal finance, providing capital against the value of litigation assets. Its Principal Finance segment allocates capital from its own balance sheet to fund legal fees and monetize claims, earning income from settlements and judgments.
ADAM
Adamas Trust
$668.71Mn
7.44
-1.20%
+8.14%
Adamas Trust is a REIT whose assets consist of mortgage-related residential assets, including Agency and non-Agency RMBS and residential loans. Its revenue is primarily derived from net interest spread on these levered mortgage portfolios and gains on the sale of securities.
ACGP
2nd
Associated Capital
$664.77Mn
31.47
+0.06%
-14.95%
The company operates a Direct Investments segment that acquires and controls businesses through leveraged buyouts, growth capital, and restructurings using its own proprietary capital. This represents a non-bank commercial lending and investment activity conducted on its own balance sheet.
QFIN
2nd
Qfin Holdings
$664.42Mn
5.45
-0.55%
-78.63%
The company operates a micro-lending subsidiary, Fuzhou Microcredit, through which it originates loans and collects interest income directly from borrowers.
CCB
2nd
Coastal Financial
$661.81Mn
43.31
-0.67%
-58.11%
Through its CCBX segment, the company provides banking-as-a-service that enables partners to deliver installment loans and credit cards to end users, earning interchange and servicing fees.
CBNK
2nd
Capital Bancorp
$657.11Mn
40.34
-0.37%
+35.69%
The OpenSky division originates and services secured and unsecured credit cards for under-banked consumers nationwide, generating revenue from interest and fees.
MFA
Mfa Financial
$655.05Mn
6.48
-1.22%
-28.40%
MFA Financial is an internally-managed REIT that earns revenue primarily from interest income and net gains on residential whole loans and residential mortgage securities (Agency and Non-Agency MBS). Its business model focuses on credit and interest-rate exposure to residential mortgage assets rather than renting physical property.
BCSF
Bain Capital Specialty Finance
$651.93Mn
10.05
-0.89%
-29.37%
The company explicitly states it has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. Its primary business is providing senior direct loans to middle market companies, generating revenue from interest income and loan origination fees.
LEGH
2nd
Legacy Housing
$648.05Mn
27.25
+0.37%
+12.09%
The company provides consumer financing to end users who purchase homes, generating interest income and servicing charges from a portfolio totaling over two hundred million dollars.
BHB
2nd
Bar Harbor Bankshares
$647.37Mn
38.64
-0.54%
+30.94%
The bank originates residential mortgages with the intent to sell them in the secondary mortgage market, generating specific fee income from these sales.
ACNB
2nd
Acnb
$647.21Mn
63.64
+0.08%
+46.06%
The company provides dedicated mortgage lending services through its Traditions Mortgage subsidiary.
AROW
2nd
Arrow Financial
$615.31Mn
37.19
-0.80%
+38.25%
The company originates residential real estate loans and generates revenue through the periodic sale of these loans into the secondary market to agencies like Freddie Mac, while retaining servicing rights.
NMFC
New Mountain Finance
$614.89Mn
6.51
-0.91%
-31.33%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is generated from interest income on senior secured loans and dividend income from equity holdings in US upper middle market companies.
PFLT
PennantPark Floating Rate Capital
$614.16Mn
6.19
-1.12%
-30.14%
The company explicitly identifies as a business development company (BDC) that originates and holds floating rate loans to U.S. middle-market enterprises. Its revenue is generated from interest income on its loan portfolio, structuring fees, and commitment fees.
TIPT
2nd
Tiptree
$612.65Mn
16.44
-0.36%
-6.48%
Through Reliance First Capital, LLC, the company originates and services agency-eligible residential mortgage loans (FHA, VA, conventional) and generates revenue from gain-on-sale, servicing fees, and net interest income.
SLRC
SLR Investment
$600.10Mn
11.00
-1.08%
-23.72%
The company 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 and fees from a portfolio of debt and equity investments in privately held U.S. middle-market companies.
PMT
PennyMac Mortgage Investment Trust
$596.46Mn
6.84
-1.01%
-41.54%
The company is explicitly identified as a mortgage REIT that invests in mortgage-related assets, including mortgage-backed securities and mortgage servicing rights. Its revenue is derived from net interest income on these mortgage portfolios and gains on the sale of loans.
FBIZ
2nd
First Business Financial Services
$593.31Mn
70.90
-0.14%
+42.37%
Through First Business Specialty Finance LLC, the company engages in specialized non-bank financing activities such as asset-based lending, accounts receivable financing, and equipment financing.
HOV
2nd
Hovnanian Enterprises
$593.24Mn
92.52
-2.93%
-29.42%
The company operates a financial services segment that generates income by originating mortgage loans for homebuyers.
GCBC
2nd
Greene County Bancorp
$588.57Mn
34.57
-1.03%
+55.79%
The company operates Greene Property Holdings, Ltd., which is organized as a real estate investment trust (REIT) that holds and manages mortgage loans and notes transferred from the bank.
GAIN
Gladstone Investment Corporationde
$586.98Mn
14.74
-0.67%
+5.06%
Gladstone Investment Corporation is explicitly structured and regulated as a business development company (BDC). It originates and holds a portfolio of debt and equity securities in private lower middle market businesses, generating revenue from interest and dividend income.
VEL
Velocity Financial
$583.51Mn
14.85
+0.54%
-17.73%
Velocity Financial originates, underwrites, and services a nationwide portfolio of loans secured by real estate, including residential rental, multifamily, and commercial properties. The company generates revenue from interest on its held-for-investment loan portfolio, origination fees, and the securitization of loans into REMIC structures sold to investors.
SFST
2nd
Southern First Bancshares
$568.77Mn
60.07
-1.41%
+42.18%
The company operates a dedicated loan production office called the Dream Mortgage Center, which focuses specifically on mortgage lending activities.
UNTY
2nd
Unity Bancorp
$568.23Mn
56.58
+0.39%
+16.83%
The company has a significant lending operation focused on residential and commercial mortgages, including commercial mortgages and residential construction lending, which are material components of its loan portfolio.
CSV
2nd
Carriage Services
$567.79Mn
35.75
-1.73%
-21.24%
The company earns fees from managing trust assets associated with pre-need sales, which constitutes a specialized financial service managing funds for future performance.
GOOD
2nd
Gladstone Commercial
$562.98Mn
11.63
-3.00%
+1.48%
The company generates supplemental rental income through interest income from mortgage loans held via its subsidiary, Gladstone Commercial Lending LLC.
BWB
2nd
Bridgewater Bancshares
$561.24Mn
20.13
-2.33%
+15.03%
The company has a significant concentration in mortgage-related activities, specifically multifamily financing, affordable housing projects, and commercial real estate loans for developers.
CIVB
2nd
Civista Bancshares
$556.25Mn
26.75
-0.59%
+28.73%
The company operates a nationwide equipment leasing and financing business through its CLF division, providing specialized non-bank financing to business clients in industries like construction and healthcare.
IVR
Invesco Mortgage Capital
$555.96Mn
5.43
+0.56%
-25.41%
The company is a REIT whose assets consist of mortgage-backed securities (Agency RMBS, Agency CMBS, non-Agency RMBS, and non-Agency CMBS) rather than physical buildings. Its revenue is generated primarily from interest income on these mortgage portfolios and gains from the sale of securities.
BSVN
2nd
Bank7
$549.46Mn
57.72
+0.40%
+35.46%
The company has a material mortgage lending operation, providing residential real estate loans and mortgage banking services through its Retail Banking segment.
ABR
Arbor Realty Trust
$546.16Mn
2.89
+0.00%
-75.51%
Arbor Realty Trust is explicitly described as a real estate investment trust (REIT) whose assets consist of a $12.1 billion loan and investment portfolio. Its revenue is primarily derived from net interest spread on bridge loans, mezzanine loans, and mortgage-related securities rather than from renting physical property.
BWFG
2nd
Bankwell Financial
$526.71Mn
66.06
-0.38%
+54.82%
A significant portion of the company's lending activity is focused on residential and commercial mortgage loans, with commercial real estate loans representing approximately 68% of its total loan portfolio at the end of 2025.
NRIM
2nd
Northrim Bancorp
$526.09Mn
23.65
-0.30%
+12.67%
The company has a dedicated Home Mortgage Lending segment that originates one to four family residential mortgages and earns revenue from origination fees and servicing income.
NPB
2nd
Northpointe Bancshares
$524.26Mn
15.16
-3.87%
-10.03%
The company is a specialty bank focused on mortgage-related financial services, providing residential lending products (conventional, government, and non-QM) and earning revenue from loan servicing and mortgage purchase programs.
MSIF
Msc Income Fund
$519.66Mn
11.46
-0.35%
-14.29%
The company explicitly operates as a business development company (BDC) that originates and holds loans and equity in private middle-market businesses. It generates revenue from interest income on senior secured loans and capital gains from equity holdings in privately held companies.
BSRR
2nd
Sierra Bancorp
$514.00Mn
39.65
-0.45%
+47.56%
The company provides mortgage warehouse lines of credit to mortgage lenders who fund residential mortgage loans, representing 20.3% of its gross loan portfolio.
NCDL
Nuveen Churchill Direct Lending
$513.13Mn
10.39
-0.48%
-26.00%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is derived from interest and fees on a portfolio of senior secured loans and unitranche loans made to private equity owned middle market companies.
PDLB
2nd
Ponce Financial
$487.87Mn
20.17
+0.10%
+38.15%
The bank has a significant focus on originating mortgage loans, including one-to-four family residential, multifamily, and nonresidential properties, as well as construction and land loans.
HBCP
2nd
Home Bancorp
$470.51Mn
59.80
+0.55%
+8.24%
The bank originates and holds a variety of mortgage products, specifically one to four family first mortgage loans, home equity loans, and multi-family residential loans.
BRSP
BrightSpire Capital
$459.28Mn
3.63
+0.83%
-31.51%
BrightSpire Capital is explicitly described as a commercial real estate credit mortgage REIT that generates its principal revenue from interest income on senior mortgage loans, mezzanine loans, and preferred equity investments. Its core activity is managing a portfolio of commercial real estate debt rather than owning physical property for rent.
FBRT
Franklin BSP Realty Trust
$453.37Mn
6.01
-1.64%
-43.67%
The company is a REIT that generates revenue from a portfolio of commercial real estate debt investments, including first mortgage loans, mezzanine loans, and commercial mortgage-backed securities (CMBS). Its primary business is earning a spread on these mortgage assets rather than renting physical property.
TRTX
TPG RE Finance Trust
$451.13Mn
5.86
+0.00%
-33.26%
The company is a REIT whose assets are commercial real estate mortgage loans and senior participation interests rather than physical buildings. It generates revenue from the net interest spread on these levered mortgage portfolios, as well as extension and exit fees.
CWH
2nd
Camping World Holdings
$448.30Mn
4.34
-3.77%
-72.69%
The company facilitates RV financing for consumers and earns commissions from third-party lenders, as well as operating a co-branded credit card program to drive customer spending.
RBB
2nd
RBB Bancorp
$447.58Mn
26.35
+0.84%
+40.16%
The company has a significant mortgage lending operation, with single family residential mortgages representing approximately 50.0% of its total loan portfolio.
AVBC
2nd
Avidia Bancorp
$445.29Mn
22.18
+0.32%
+49.46%
The company has a material mortgage lending operation, with one-to-four-family residential mortgage loans, multifamily loans, and home equity loans comprising a significant portion of its $2.30 billion loan portfolio.
AHRT
2nd
AH Realty Trust
$443.09Mn
5.94
-0.17%
-12.39%
The company has a dedicated 'Real estate financing' segment that provides preferred equity investments and mezzanine financing for third-party development projects, earning interest income.
PLBC
2nd
Plumas Bancorp
$439.06Mn
63.05
+0.83%
+52.18%
A significant portion of the company's activity is dedicated to mortgage and real estate lending, with approximately 82% of its total loan portfolio secured by real estate, including commercial real estate and residential loans.
OPRT
Oportun Financial
$429.17Mn
9.34
+2.08%
+70.13%
Oportun originates, underwrites, and services unsecured and secured personal loans to consumers, generating its primary revenue from interest income on these loan portfolios. It operates as a non-bank lender, utilizing state licenses and partnerships rather than a retail deposit-taking charter.
CBK
2nd
Commercial Bancgroup
$428.58Mn
31.28
-0.16%
+24.32%
The company has a material mortgage business, specifically providing residential mortgages and home equity lines to its retail clients.
TCI
2nd
Transcontinental Realty Investors
$417.88Mn
48.37
-0.12%
+12.80%
The company invests in mortgage notes receivable and earns interest income from these assets, which constitutes a mortgage lending activity.
GLAD
Gladstone Capital
$413.91Mn
18.32
-0.81%
-6.05%
Gladstone Capital is explicitly described as a closed-end management investment company that has elected to be treated as a business development company (BDC). Its revenue is derived from interest payments on senior secured first lien or second lien debt and dividends from equity investments in private middle-market businesses.
GEMI
2nd
Gemini Space Station
$406.59Mn
3.16
+0.96%
-84.39%
The company offers a credit card program and spot margin trading, generating revenue from interchange fees and interest income on credit extended to users.
ISTR
2nd
Investar Holding
$395.96Mn
28.74
+0.31%
+24.20%
The company has a significant mortgage lending operation, with residential real estate loans comprising 17% of its loan portfolio and commercial real estate loans representing 48% of total loans.
PCB
2nd
Pcb Bancorp
$395.28Mn
28.03
-0.50%
+36.33%
The company has a significant mortgage-related activity, with commercial real estate loans representing 67.5% of its $2.82 billion loan portfolio.
DIN
2nd
Dine Brands Global
$394.20Mn
31.11
-3.23%
+11.07%
The company has a dedicated financing operations segment that earns interest on notes receivable from franchisees and interest on equipment leases.
RVRF
2nd
River Financial
$390.81Mn
50.00
+0.00%
+43.88%
The company has a significant mortgage operation, with real estate lending accounting for 76.6% of gross loans and generating noninterest income from the origination and sale of residential mortgage loans to secondary market investors.
FRST
2nd
Primis Financial
$386.37Mn
15.58
-0.57%
+57.37%
The company operates Primis Mortgage Company, a residential mortgage lender that originates loans, sells them in the secondary market for fee income, and provides mortgage servicing.
OPFI
OppFi
$383.47Mn
5.68
+0.71%
-43.03%
OppFi operates as a specialty finance platform providing non-bank financing for underbanked consumers, specifically facilitating installment loans for expenses like car repairs and medical bills. While it uses bank partners for funding, its core business is the origination and servicing of these specialized credit products.
PKBK
2nd
Parke Bancorp
$382.37Mn
32.51
-0.94%
+56.30%
The company has a material lending activity in residential mortgages and construction loans, serving residential home builders and property owners.
MVBF
2nd
Mvb Financial
$377.02Mn
29.12
-0.72%
+14.24%
The company has a dedicated Mortgage Banking segment that derives revenue from equity method investments in residential mortgage lending ventures like Intercoastal Mortgage Company, LLC.
RWT
Redwood Trust
$376.82Mn
3.00
-0.99%
-46.24%
The company explicitly states it operates under a REIT structure and generates revenue from net interest income on its investment portfolio of residential consumer and residential investor housing credit assets. Its business model focuses on the credit and interest-rate exposure of mortgage-backed securities and retained interests from its own securitizations.
XYF
2nd
X Financial
$376.79Mn
4.82
-0.41%
-61.93%
The company generates significant financing income (23.5% of net revenues) from its microcredit business and interest on borrowers, indicating it also extends credit directly to consumers.
LAND
2nd
Gladstone Land
$370.11Mn
8.58
-3.49%
-3.81%
The company generates additional income by providing senior secured mortgage loans to farmers for land purchases and related needs.
NWFL
2nd
Norwood Financial
$367.40Mn
33.70
-0.62%
+36.27%
The company has a material residential mortgage business, originating and holding residential loans as part of its lending activities for individual consumers.
ALUB
Alussa Energy Acquisition
$364.41Mn
10.14
+0.00%
—
Alussa Energy Acquisition Corp. II is a blank check company (SPAC) that currently has no operating business and generates revenue solely through interest earned on funds held in its Trust Account. Since it functions as a non-bank entity holding and managing capital for the purpose of a future acquisition, it fits best under Specialty Finance as it provides a specialized financing vehicle structure.
LSAK
Lesaka Technologies
$358.22Mn
4.30
+0.00%
+1.65%
The company provides short-term unsecured personal loans to over 2,000,000 consumers and offers lending access to capital for its merchant base. These credit products are a core part of its Consumer and Merchant segments, generating revenue through lending product fees.
TSBK
2nd
Timberland Bancorp
$354.22Mn
45.59
-0.57%
+41.72%
The company has a material mortgage business, originating residential construction, one-to-four family, and multi-family loans, and earns gain-on-sale income from selling fixed-rate mortgage loans.
WSBF
2nd
Waterstone Financial
$352.67Mn
19.62
-1.11%
+32.30%
The company has a dedicated Mortgage Banking segment through Waterstone Mortgage Corporation that originates single family residential mortgage loans specifically for sale into the secondary market, earning origination fees and gains on sale.
ORBS
Eightco Holdings
$343.82Mn
0.80
+1.27%
-89.20%
The company's sole revenue-generating segment, Forever 8, provides funding solutions and inventory management services for e-commerce businesses to maintain stock levels without tying up their own capital. This activity constitutes non-bank commercial financing and receivables-style funding for a specific business niche, which aligns with Specialty Finance.
CFFI
2nd
C & F Financial
$343.56Mn
105.70
+1.23%
+52.42%
The company has a dedicated mortgage banking segment through C&F Mortgage Corporation that originates residential loans for sale in the secondary market, earning revenue from origination fees and gains on loan sales.
AVBH
2nd
Avidbank Holdings
$341.12Mn
31.06
+0.00%
+21.71%
The company operates a Specialty Finance segment that provides non-bank style financing including accounts receivable factoring and asset-based lending to manufacturers and wholesalers.
TCPC
BlackRock TCP Capital
$340.65Mn
4.06
-0.73%
-29.14%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It originates and holds debt and equity investments in middle market companies, generating revenue from interest payments and origination fees.
BCML
2nd
BayCom
$339.61Mn
31.13
-0.42%
+12.42%
The company has a significant mortgage lending operation, with $1.8 billion in commercial real estate loans (86% of total loans) and $113.2 million in one to four family residential loans.
SNDL
2nd
Sndl
$337.10Mn
1.28
+0.00%
-43.11%
The company has a dedicated investments segment that deploys capital into debt and equity securities and joint ventures, specifically mentioning an investment in SunStream Bancorp Inc. to generate financial returns.
FSBW
2nd
FS Bancorp
$329.10Mn
44.33
-1.16%
+15.41%
The company has a significant mortgage business, including one-to-four family loans, home equity lines, and construction financing, and it generates noninterest income from mortgage servicing rights and the sale of loans to government sponsored enterprises.
CBNA
2nd
Chain Bridge Bancorp
$327.96Mn
49.98
+1.24%
+59.17%
The company provides residential mortgage financing and earns interest income from residential mortgages held on its books.
COSO
2nd
CoastalSouth Bancshares
$325.40Mn
27.22
+0.48%
+26.78%
The company operates several specialty finance lines, including Marine Lending for high-end vessels and Senior Housing Lending for assisted living operators, which provide niche non-bank style financing beyond traditional community banking.
JMSB
2nd
John Marshall Bancorp
$323.73Mn
22.94
+0.61%
+20.74%
The bank has a material lending activity in residential mortgages and commercial construction and development loans as part of its loan portfolio.
NEWT
2nd
NewtekOne
$323.09Mn
11.18
-0.09%
+3.23%
The company operates a Newtek Lending segment via Newtek ALP Holdings, which originates and services alternative lending program (ALP) loans for business owners who do not qualify for SBA financing.
KREF
KKR Real Estate Finance Trust
$321.59Mn
5.49
-2.83%
-36.75%
The company is structured as a real estate investment trust (REIT) whose assets are mortgage loans and debt-oriented instruments rather than physical buildings. It generates revenue primarily from interest income on a $5.9 billion portfolio of senior commercial real estate loans, mezzanine loans, and preferred equity.
FVCB
2nd
FVCBankcorp
$317.58Mn
17.61
-0.68%
+43.87%
The company has a dedicated Mortgage Banking segment and partners with Atlantic Coast Mortgage, LLC to purchase residential mortgage loans and provide warehouse lending facilities.
RM
Regional Management
$313.26Mn
33.54
-0.71%
-17.14%
Regional Management Corp originates and services consumer installment loans (large loans up to $35,000 and small loans up to $2,500) for subprime and near-prime individuals. It generates revenue from interest and fee income on these loans and does not operate as a deposit-taking bank.
CCAP
Crescent Capital BDC
$313.19Mn
8.50
-1.39%
-39.59%
The company explicitly states it has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is derived from interest income on debt investments and dividend income from equity holdings in private U.S. middle market companies.
CION
CION Investment
$310.96Mn
6.32
-0.63%
-33.12%
CION Investment 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 and fees derived from investing in the senior secured debt of private U.S. middle market companies.
FCCO
2nd
First Community
$308.03Mn
32.77
+0.49%
+20.26%
The company explicitly provides mortgage origination services and earns interest income from mortgage loans as a material part of its lending portfolio.
SWKHL
SWK Holdings
$303.97Mn
25.13
+0.00%
-1.57%
SWK Holdings operates as a specialty finance company providing secured loans, debt investments, and capital advances to life science companies. It generates revenue from interest income and fees on these non-bank commercial loans to entities such as 4Web, Inc. and Biotricity, Inc.
TPTS
Terra Property Trust
$303.52Mn
12.47
-1.19%
—
Terra Property Trust is a REIT that generates its chief revenue from interest income on a loan portfolio consisting of first mortgages, mezzanine debt, and credit facilities. Its primary business activity is investing in commercial real estate credit rather than owning and leasing physical buildings.
PINE
2nd
Alpine Income Property Trust
$301.41Mn
17.13
-3.22%
+24.85%
The company operates a 'commercial loans and investments' segment that originates and acquires commercial loans, mortgage notes, and construction loans secured by real estate.
BPRN
2nd
Princeton Bancorp
$299.64Mn
43.98
+0.43%
+43.02%
The company has a dedicated residential first lien segment focusing on prime mortgage loans for one to four family homes, and it earns fees by referring conforming loans to third parties.
PSBD
Palmer Square Capital BDC
$298.21Mn
9.70
+1.04%
-22.65%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue through interest income from first and second lien senior secured loans made to private U.S. enterprises and investments in CLO vehicles.
BETR
Better Home & Finance Holding
$295.74Mn
15.58
+30.16%
-79.20%
The company's primary revenue is generated through the origination and sale of residential mortgage loans, including GSE-conforming, FHA, VA, and jumbo loans, to a network of loan purchasers. It specifically offers home purchase, refinance, and home equity products to individual consumers.
MYFW
2nd
First Western Financial
$288.46Mn
29.54
-1.40%
+31.88%
The company explicitly lists the origination and sale of mortgage loans as a source of its non-interest income.
NREF
NexPoint Real Estate Finance
$287.06Mn
15.23
-1.61%
+14.00%
The company is explicitly described as a commercial mortgage real estate investment trust (REIT) that generates revenue primarily from interest income on first lien mortgage loans, mezzanine loans, and commercial mortgage-backed securities. Its earnings are derived from credit and interest-rate exposure rather than from renting physical property.
COSG
2nd
Cosmos Group Holdings
$275.16Mn
0.06
+0.00%
-97.00%
The company provides financing and hire purchase services to art and collectibles buyers, which constitutes non-bank financing in a specialized niche.
CFTR-PA
2nd
Cantor Fitzgerald Income Trust
$272.52Mn
25.35
+0.52%
—
The company generates revenue from interest on debt investments and intends to invest up to 20 percent of its assets in real estate related securities. Its revenue stream explicitly includes interest payments on loans and securities secured by commercial real estate.
HRZN
Horizon Technology Finance
$270.59Mn
4.04
-1.46%
-31.99%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue through interest income from a debt investment portfolio and fee income from secured term loans made to private middle-market companies.
FNRN
2nd
First Northern Community Bancorp
$266.92Mn
16.28
-0.31%
+31.72%
The company operates a dedicated residential mortgage loan office and generates a significant portion of its interest income from loans, which includes residential mortgages.
RWAY
Runway Growth Finance
$265.53Mn
6.29
+0.48%
-36.78%
The company explicitly states that it has elected to be regulated as a business development company (BDC) and operates as a closed-end management investment company. Its revenue is derived from interest income on a senior secured loan portfolio and capital gains from warrants and equity holdings in private middle-market businesses.
FBLA
2nd
FB Bancorp
$264.00Mn
16.43
-0.73%
+37.37%
The company has a dedicated mortgage focus, including the NOLA Lending Group division which originated residential one- to four-family real estate loans for sale into the secondary market.
MFIN
2nd
Medallion Financial
$261.09Mn
11.20
+0.00%
+13.02%
The company has significant consumer lending operations through its recreation lending and home improvement lending segments, providing loans for boats, RVs, and home projects to individual consumers.
NXDT
2nd
Nexpoint Diversified Real Estate Trust
$258.10Mn
4.86
+0.83%
+42.11%
The company earns significant interest income from mortgage loans, mezzanine loans, and preferred equity investments, acting as a credit provider within the real estate capital structure.
GBFH
2nd
GBank Financial Holdings
$245.71Mn
16.98
-1.91%
-56.26%
The company operates a credit card business, specifically the GBank Visa Signature® card, and generates interchange revenue from these consumer credit products.
GPMT
Granite Point Mortgage Trust
$228.46Mn
4.74
-0.63%
+75.56%
Granite Point Mortgage Trust is a REIT whose assets consist of senior floating rate commercial mortgage loans and other debt instruments rather than physical buildings. Its revenue is generated chiefly from interest income earned on this loan portfolio and origination fees, fitting the description of a Mortgage REIT.
QNBC
2nd
Qnb
$228.30Mn
45.87
-0.04%
+31.58%
The company has a material business line in residential mortgage loans, which are explicitly listed as part of its loan portfolio and a primary use of its attracted deposits.
HQI
2nd
HireQuest
$226.85Mn
16.32
-4.62%
+92.00%
The company earns income from financing franchisee working capital needs through the purchase of accounts receivable, which constitutes a specialty finance activity.
INBK
2nd
First Internet Bancorp
$226.11Mn
25.89
-0.38%
+19.53%
The company has a dedicated Specialty Finance team that manages niche portfolios including healthcare, franchise finance, and equipment finance.
LFT
Lument Finance Trust
$223.65Mn
4.26
+0.00%
-75.66%
Lument Finance Trust is a REIT whose assets consist of commercial real estate debt investments, including transitional floating rate mortgage loans and commercial mortgage-backed securities. Its revenue is primarily derived from net interest income on these mortgage portfolios and loan origination/servicing fees, fitting the definition of a Mortgage REIT.
MRBK
2nd
Meridian
$219.40Mn
18.40
-0.43%
+25.34%
The company has a dedicated Mortgage Banking segment that originates consumer and wholesale mortgage loans for one-to-four family dwellings, earning revenue from origination fees and gains on loan sales.
OPBK
2nd
OP Bancorp
$218.38Mn
14.63
-0.61%
+8.05%
The company has a material mortgage lending operation, with home mortgage loans representing 27% of its gross loan portfolio.
SAR
Saratoga Investment
$218.05Mn
13.70
-3.79%
-39.25%
Saratoga Investment Corp is described as a specialty finance company that originates and holds loans and equity in private U.S. middle-market companies, specifically those with EBITDA between $2 million and $50 million. It is explicitly noted as being externally managed and operating in a competitive landscape alongside other business development companies, fitting the regulatory and operational profile of a BDC.
OVBC
2nd
Ohio Valley Banc
$216.94Mn
46.05
+0.30%
+28.27%
The company provides consumer finance and credit card services, specifically through its Loan Central subsidiary which serves higher credit risk individuals who may not qualify for traditional bank financing.
CFBK
2nd
Cf Bankshares
$215.24Mn
33.55
+0.06%
+43.62%
The company provides mortgage lending services and generates revenue from the origination and sale of residential and commercial real estate mortgages.
ONIT
Onity
$212.50Mn
25.28
-1.83%
-32.75%
Onity originates, services, and securitizes both forward and reverse mortgage loans through its PHH Mortgage and Liberty Reverse Mortgage brands. Its revenue is derived from gains on loan sales, origination fees, and servicing fees earned on mortgage servicing rights (MSRs).
SNFCA
2nd
Security National Financial
$210.37Mn
8.92
-1.87%
+14.51%
The company has a mortgage segment that originates, underwrites, and purchases residential and commercial mortgage loans, earning revenue from interest income and origination fees.
LIEN
Chicago Atlantic BDC
$207.67Mn
9.10
+0.00%
-10.34%
The company is explicitly described as a closed-end management investment company that has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue from interest income on its loan portfolio and dividend income from equity holdings in private middle-market businesses.
FCAP
2nd
First Capital
$207.17Mn
61.93
+1.16%
+51.98%
The bank subsidiary provides residential mortgages to retail consumers as a material part of its loan product offering.
TROO
Troops
$204.01Mn
1.67
+2.45%
+14.38%
The company operates a significant money lending segment through subsidiaries like Giant Credit Limited and First Asia Finance Limited, providing personal and corporate loans to borrowers and earning interest income.
CZWI
2nd
Citizens Community Bancorp
$203.91Mn
21.13
-0.47%
+36.23%
The company has a material mortgage lending operation, providing residential mortgage loans and home equity lines of credit to individual consumers.
CSBB
2nd
CSB Bancorp
$197.03Mn
75.00
+0.00%
+48.66%
The company originates residential mortgages and home equity lines, and it generates noninterest income specifically from the sale of mortgage loans to the secondary market.
REFI
Chicago Atlantic Real Estate Finance
$195.45Mn
9.17
+0.99%
-29.68%
The company is explicitly described as a commercial mortgage real estate investment trust (REIT) that originates and invests in first mortgage loans and alternative structured financings. Its revenue is primarily generated from interest income earned on its loan portfolio and origination fees, fitting the profile of a Mortgage REIT.
SCM
Stellus Capital Investment
$194.12Mn
6.77
-0.88%
-44.96%
Stellus Capital Investment Corporation is explicitly described as a company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It originates and holds loans and equity in private lower middle market companies, generating revenue from interest income and fees.
CPSS
Consumer Portfolio Services
$193.74Mn
8.97
+0.00%
+21.38%
The company originates, purchases, and services retail automobile contracts for subprime consumers, earning revenue from interest income and origination fees. It operates as a non-bank lender providing credit to individuals who do not qualify for traditional banking sources.
LDI
loanDepot
$191.09Mn
0.53
-1.85%
-82.96%
loanDepot is a non-bank mortgage originator that generates revenue from loan origination fees, gains on the sale of mortgages to investors, and recurring servicing fees. It provides a broad suite of residential mortgage products including conventional, jumbo, FHA, VA, and home equity loans.
CBFV
2nd
CB Financial Services
$191.02Mn
37.60
+0.13%
+15.76%
A significant portion of the company's loan portfolio is dedicated to residential real estate loans (28.3%) and commercial real estate loans (47.5%), indicating a material mortgage lending operation.
BVFL
2nd
BV Financial
$188.30Mn
22.10
+1.47%
+37.27%
The company has a significant focus on mortgage lending, specifically through its Consumer Lending segment for one- to four-family residential loans and its Investment Real Estate Lending segment for multi-family units and commercial properties.
PNNT
Pennantpark Investment
$184.13Mn
2.82
-2.42%
-56.55%
The company explicitly identifies as a business development company (BDC) that provides debt and equity capital to U.S. middle market companies. It generates revenue from interest payments on debt holdings, dividend receipts from equity positions, and origination and structuring fees.
STRW
2nd
Strawberry Fields REIT
$177.98Mn
12.65
+0.96%
+12.15%
The company occasionally extends loans to healthcare operators, which constitutes a non-bank commercial lending activity in a specialized niche.
ECBK
2nd
ECB Bancorp
$177.57Mn
20.30
+2.89%
+30.55%
The bank has a significant focus on residential and commercial mortgage lending, including one-to-four family residential loans, multifamily real estate loans, and construction and land loans.
ACRE
Ares Commercial Real Estate
$175.32Mn
3.16
-3.95%
-31.45%
The company is a REIT whose assets consist of commercial real estate loans, subordinated debt, and mezzanine loans rather than physical buildings. It generates revenue primarily from the net interest spread on these levered mortgage portfolios and related origination fees.
TPVG
TriplePoint Venture Growth BDC
$172.61Mn
4.24
-1.40%
-24.82%
The company is explicitly described as a closed-end management investment company that has elected to be treated as a business development company (BDC). It generates revenue from interest income on a loan portfolio consisting of growth capital loans, equipment financings, and revolving loans to venture growth stage companies.
ORMP
2nd
Oramed Pharmaceuticals
$171.04Mn
4.14
-0.24%
+76.92%
The company generates significant revenue through non-bank financing activities, specifically by holding interest-bearing promissory notes and extending secured loans to companies like Scilex Holding Company and Lifeward Ltd.
MNSB
2nd
MainStreet Bancshares
$169.40Mn
23.80
-0.34%
+28.37%
The company operates MainStreet Community Capital LLC, which provides specialized financing and investments in low-income communities and distressed areas to spur economic development.
MITT
TPG Mortgage Investment Trust
$169.19Mn
5.32
+0.19%
-25.59%
The company is explicitly structured as a residential mortgage real estate investment trust (REIT) that generates revenue primarily through net interest income from a portfolio of residential mortgage-related assets, including Non-Agency Loans and Agency RMBS.
ICR-PA
InPoint Commercial Real Estate Income
$168.52Mn
19.68
+1.71%
+2.23%
The company's primary revenue is generated through interest income from originating and holding commercial real estate debt, including first mortgage, subordinate, and mezzanine loans. It operates as a non-bank commercial lender that originates and holds business loans outside a deposit-taking structure, funded by borrowing rather than deposits.
EBMT
2nd
Eagle Bancorp Montana
$166.92Mn
20.99
+1.25%
+23.04%
The company provides residential mortgages and home equity loans to retail consumers and earns noninterest income from mortgage banking gains and loan servicing fees.
RC
Ready Capital
$166.86Mn
1.01
-14.41%
-67.94%
Ready Capital is structured as a real estate investment trust (REIT) whose primary assets are mortgage loans, including LMM Commercial Real Estate and SBA loans. Its revenue is primarily derived from interest earned on its loan portfolio and gains from the sale of loans and securitization transactions.
HNVR
2nd
Hanover Bancorp
$166.23Mn
23.56
-1.26%
+12.30%
The company operates a dedicated 'One to four family residential mortgage' segment, providing non-conforming mortgage loans and home equity loans to borrowers in the New York City boroughs.
WHF
WhiteHorse Finance
$165.37Mn
7.70
+1.18%
+6.50%
WhiteHorse Finance is explicitly described as a closed-end management investment company that has elected to be treated as a business development company (BDC). It originates and holds senior secured loans to privately held lower middle market businesses, generating revenue from interest income and origination fees.
AOMR
Angel Oak Mortgage REIT
$164.57Mn
7.10
-1.53%
-23.66%
The company is explicitly structured as a REIT whose assets consist of residential mortgage loans and mortgage-backed securities rather than physical buildings. Its revenue is primarily derived from the interest spread on these levered mortgage portfolios and returns on bonds retained after securitizing loan collateral.
RMBI
2nd
Richmond Mutual Bancorporation
$163.14Mn
15.53
-0.26%
+13.69%
The bank originates first mortgages on owner-occupied residences and earns revenue from the sale of residential mortgage loans in the secondary market.
SLBK
2nd
Skyline Bankshares
$159.39Mn
28.10
+0.00%
+62.52%
The company has a material lending business focused on real estate, including single and multi-family housing loans, commercial real estate loans, and construction and development loans.
CMTG
Claros Mortgage Trust
$158.01Mn
1.12
-3.45%
-67.25%
Claros Mortgage Trust is a real estate investment trust (REIT) whose assets consist of a $3.7 billion loan portfolio of senior and subordinate loans on transitional properties. Its revenue is derived from the net interest spread on these mortgage assets and loan origination fees, fitting the profile of a mortgage REIT.
NSLR
Neostellar Capital
$156.07Mn
6.15
+0.65%
-32.27%
The company 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 from realized and unrealized gains on equity holdings and interest income from debt investments in private middle-market businesses.
BCBP
2nd
Bcb Bancorp
$148.62Mn
8.21
-0.85%
+1.73%
The bank has a material lending activity in residential mortgages, specifically one to four family residential mortgage loans, and earns income from the sale of loans in the secondary market.
SRBK
2nd
SR Bancorp
$147.58Mn
18.60
-0.59%
+26.10%
A significant portion of the bank's lending activity is dedicated to residential mortgages, which represented 53.4% of its total loan portfolio as of June 30, 2025.
FMBM
2nd
F&M Bank
$144.91Mn
40.80
+0.44%
+51.11%
The bank originates conventional and government agency sponsored mortgages for sale in the secondary market and holds a large portfolio of residential mortgages.
FINW
2nd
Finwise Bancorp
$143.17Mn
10.46
-1.04%
-41.60%
The company maintains a diversified loan portfolio that specifically includes residential and commercial real estate mortgages.
SEVN
Seven Hills Realty Trust
$137.58Mn
6.07
-0.98%
-42.46%
Seven Hills Realty Trust is structured as a REIT whose assets are mortgage loans rather than physical buildings, specifically floating rate first mortgage loans and subordinated/mezzanine loans. Its revenue is derived from net interest spread on these levered mortgage portfolios and loan origination and exit fees.
TOP
2nd
TOP Financial
$136.15Mn
15.63
+4.83%
+164.92%
The company operates a money lending business through its Winrich subsidiary and provides margin financing, which together contributed 25% and 4.7% of revenue respectively in 2025.
OXSQ
Oxford Square Capital
$135.53Mn
1.29
+0.00%
-26.70%
Oxford Square Capital Corp. explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is principally derived from interest income on corporate debt securities and loans to private companies for purposes such as organic growth and acquisitions.
FGBI
2nd
First Guaranty Bancshares
$129.82Mn
8.22
-0.84%
-0.12%
The company has a material lending business focused on residential mortgages and multifamily properties, which are listed as key components of its loan portfolio.
DOUG
2nd
Douglas Elliman
$128.16Mn
1.41
-2.76%
-44.49%
Through Elliman Capital, the company offers a wide range of mortgage products, including conventional, jumbo, and construction loans, earning revenue from mortgage origination fees.
BOTJ
2nd
Bank Of The James Financial
$126.35Mn
27.81
+1.24%
+75.13%
The company operates a dedicated mortgage division that originates conforming and non-conforming home loans and earns revenue from loan origination and underwriting fees.
GHI
Greystone Housing Impact Investors
$115.69Mn
4.91
+3.37%
-45.26%
The company is a partnership that acquires and holds mortgage revenue bonds and governmental issuer loans, generating revenue primarily from interest income on these mortgage assets. Its business model of holding a portfolio of mortgage-backed securities and loans to generate a spread is characteristic of a Mortgage REIT structure.
PROV
2nd
Provident Financial Holdings
$113.82Mn
18.17
+0.17%
+16.40%
The company earns revenue through loan servicing fees for loans sold to investors and originates a diversified mix of residential and commercial mortgage loans.
UNB
2nd
Union Bankshares
$113.66Mn
22.98
+0.70%
-7.49%
The company has a significant mortgage operation, emphasizing residential mortgages and multi-family properties, and generates revenue from originating loans for sale to government-sponsored enterprises and mortgage servicing rights.
OPHC
2nd
OptimumBank Holdings
$106.50Mn
8.63
-0.69%
+120.72%
The company has a material lending focus on residential real estate and multifamily properties, which are core components of its loan portfolio.
BCTF
2nd
Bancorp 34
$105.65Mn
15.85
+0.00%
+17.58%
The company has a substantive residential lending business, providing residential real estate loans and home equity lines of credit to individuals and investors.
SUIG
SUI Group Holdings
$101.38Mn
1.32
+1.54%
-58.75%
The company operates a portfolio investment business providing short-term non-bank lending solutions, including real estate development loans, operating capital loans, and tax refund advances to private businesses and high-net-worth individuals. It earns revenue from interest income, origination fees, and servicing fees, fitting the description of a non-bank commercial lender in a specialty niche.
UWHR
2nd
Uwharrie Capital
$99.57Mn
14.01
+0.00%
+40.80%
The company operates a mortgage brokerage subsidiary that earns fees for loan origination, processing, and underwriting services for residential and commercial mortgages.
FOA
Finance of America Companies
$99.11Mn
11.09
-1.86%
-51.36%
The company focuses on originating, acquiring, and servicing home equity-based financing solutions, specifically reverse mortgage loans (HECM) and traditional home equity loans. Its revenue is primarily driven by loan origination fees and net origination gains from these mortgage products.
PNBK
2nd
Patriot National Bancorp
$98.84Mn
0.84
-4.55%
-34.88%
The company provides specialized institutional banking and sponsorship services to fintech companies, program managers, and non-depository financial institutions. These activities generate fee income through debit and credit card program sponsorship and settlement services for non-bank financial entities.
CHMI
Cherry Hill Mortgage Investment
$92.37Mn
2.50
+0.00%
+5.04%
The company is structured as a REIT whose assets consist of residential mortgage-backed securities (RMBS) and mortgage servicing rights (MSRs) rather than physical buildings. It generates revenue from the net interest spread on these levered mortgage portfolios and servicing fees.
AUBN
2nd
Auburn National Bancorporation
$92.19Mn
26.46
-0.23%
+1.53%
The company is described as an active residential mortgage lender within its service area, providing residential mortgage loan products as a material part of its banking segment.
FUSB
2nd
First Us Bancshares
$90.75Mn
16.43
+0.00%
+35.12%
The company conducts significant indirect lending through third-party retailers across seventeen states, providing consumer credit products outside of its traditional branch-based deposit-taking footprint.
FNWB
2nd
First Northwest Bancorp
$90.67Mn
9.54
-1.65%
+20.45%
The company generates mortgage banking income and serves residential homeowners seeking mortgages, indicating a material mortgage lending activity.
GFLT
2nd
GenFlat Holdings
$90.43Mn
6.90
-0.72%
-33.84%
The company operates an equipment leasing segment that provides both operating and finance leases for its intermodal containers to shipping lines, acting as a non-bank financing provider for specialized equipment.
STHO
2nd
Star Holdings
$90.25Mn
7.47
-0.53%
-1.19%
The company maintains a portfolio of loans and lending investments, earning interest income from loan receivables and debt securities.
CPBI
2nd
Central Plains Bancshares
$87.22Mn
20.86
+3.01%
+30.38%
The company has a material lending focus on one to four family residential mortgages and commercial real estate loans, generating revenue from interest and gains on the sale of these loans.
PFX
PhenixFIN
$85.03Mn
44.00
-0.99%
-2.22%
PhenixFIN 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 senior secured loans and subordinated debt provided to privately held middle-market businesses.
EMPD
2nd
Empery Digital
$84.89Mn
3.02
+5.23%
-56.61%
The company explicitly plans to expand its vehicle financing operations for golf carts and UTVs to generate positive cash flow by leveraging the spread between its cost of capital and interest income.
RPT
2nd
Rithm Property Trust
$84.88Mn
10.92
-1.89%
-26.02%
A substantial portion of the company's revenue is derived from interest income generated by commercial real estate debt holdings, including senior, subordinated, and mezzanine loans. This activity matches the profile of a Mortgage REIT, where earnings come from credit and interest-rate exposure rather than just renting physical property.
UBCP
2nd
United Bancorp
$78.75Mn
13.73
+2.39%
+6.93%
The company explicitly lists residential mortgage lending as one of its core activities and generates fee income from mortgage banking.
ACR
ACRES Commercial Realty
$77.35Mn
10.48
-0.19%
-45.73%
The company is a REIT that primarily generates income from the net interest spread on a commercial real estate loan portfolio with a carrying value of approximately 1.8 billion dollars. Its core activity is originating and holding transitional floating rate commercial real estate mortgage loans, which aligns with the definition of a Mortgage REIT.
NSTS
2nd
NSTS Bancorp
$74.91Mn
14.26
+0.00%
+24.76%
The company generates supplemental revenue from selling loans that meet secondary market standards into the secondary market and collects fees for loan origination.
BCIC
BCP Investment
$73.55Mn
5.94
-5.41%
-47.67%
The company is explicitly described as a business development company (BDC) that operates as a regulated investment company under the Investment Company Act of 1940. It originates and holds a portfolio of secured term loans, mezzanine debt, and bonds in private middle-market businesses.
IOR
Income Opportunity Realty Investors
$73.19Mn
18.00
-0.83%
+1.35%
The company generates revenue primarily from interest income earned on a portfolio of mortgage notes receivable secured by land and multifamily assets. It operates as a non-bank lender in the mortgage note investing niche, focusing on credit and interest-rate exposure rather than renting physical property.
HFBL
2nd
Home Federal Bancorp, Inc. of Louisiana
$73.05Mn
24.01
-0.37%
+69.92%
The bank specifically offers residential and commercial lending products, serving home buyers and real estate investors as a material part of its loan portfolio.
IMAQ
International Media Acquisition
$69.05Mn
10.10
+0.00%
+0.40%
The company is a blank check company with no operating business, generating its only revenue from interest earned on funds held in trust invested in U.S. government securities and money market funds. This activity of holding and earning interest on a balance sheet of specialty financial assets, without a banking charter, aligns closest with Specialty Finance.
JFIN
2nd
Jiayin
$68.94Mn
1.32
+4.76%
-86.76%
The company provides guarantee services through its own licensed financing guarantee subsidiaries to protect institutional funding partners against borrower default, which constitutes a substantive non-bank credit enhancement business line.
SRL
2nd
Scully Royalty
$68.63Mn
4.63
-0.43%
-18.05%
The company operates a merchant banking segment through Merkanti Holding plc, which provides specialty financial services, structured finance, and investment activities to European corporate clients.
GECC
Great Elm Capital
$68.20Mn
4.91
+0.20%
-35.14%
The company explicitly states it is a closed-end investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest and dividend income on debt and equity investments in middle-market companies.
AFCG
Advanced Flower Capital
$68.07Mn
3.00
-0.33%
-12.79%
The company explicitly elected to be regulated as a business development company (BDC) under the 1940 Act. It originates and holds loans and debt securities in private middle-market businesses and cannabis operators to deliver returns through cash distributions.
YRD
Yiren Digital
$66.38Mn
0.76
+1.33%
-87.44%
Yiren Digital operates a credit solution segment that originates and services consumer loans, generating revenue from loan facilitation fees, post-origination service fees, and financing service fees from self-funded loans. It serves a customer base of 14.3 million individual borrowers, including credit card holders and small business owners.
MGTE
Marblegate Capital
$62.83Mn
0.85
-4.49%
-48.80%
The company operates a Specialty Finance segment that generates revenue from interest income on a loan portfolio collateralized by NYC taxi medallions, including MRP+ loans. It acts as a non-bank commercial lender providing credit in a specialized niche, funded by wholesale borrowing such as a revolving credit facility with DZ Bank.
OFS
OFS Capital
$53.32Mn
3.98
-0.25%
-43.47%
OFS Capital Corp is explicitly described as a closed-end investment company that has elected to be treated as a business development company (BDC). It generates revenue from interest income on first lien, second lien, unitranche, and subordinated loans made to middle-market companies.
TCBS
2nd
Texas Community Bancshares
$48.98Mn
17.05
-0.06%
+5.64%
The company has a dedicated Consumer and Other Lending segment that originates and services loans for used automobiles, recreational vehicles, boats, and other consumer-related credit.
HGBL
2nd
Heritage Global
$44.34Mn
1.28
+0.79%
-16.34%
Through Heritage Global Capital LLC, the company provides specialty financing solutions and loans to investors in charged-off and nonperforming asset portfolios, earning income from interest and upfront fees.
VRM
Vroom
$43.50Mn
8.31
+0.97%
-66.48%
UACC, a core business of Vroom, originates and services indirect auto loans for non-prime and near-prime consumers through a network of dealers. Revenue is primarily generated from interest and fees on these automobile loans and the sale of ancillary products like GAP insurance.
KFFB
2nd
Kentucky First Federal Bancorp
$43.34Mn
5.36
+0.00%
+34.00%
The company earns additional income from fees charged for loan servicing, specifically on loans sold to the Federal Home Loan Bank of Cincinnati, and originates residential and commercial mortgage loans.
NXB
2nd
NextBoat
$42.14Mn
1.68
+1.20%
—
Through its subsidiary Azure Funding, the company provides financing solutions, including traditional boat loans and short-term lending, earning interest and brokerage fees.
CATO
2nd
Cato
$41.92Mn
2.31
+0.00%
-42.11%
The company operates a dedicated Credit segment that provides a proprietary credit card and layaway plans to customers, which accounted for 6% of retail sales in fiscal 2025.
SACH
Sachem Capital
$39.80Mn
0.83
+0.00%
-23.85%
Sachem Capital operates as a real estate investment trust (REIT) whose assets are mortgage loans secured by first mortgage liens on real property. Its revenue is derived from net interest spread on these levered mortgage portfolios and loan origination and servicing fees.
KPLT
Katapult Holdings
$39.59Mn
8.26
+3.77%
-33.33%
Katapult originates and services lease-to-own contracts for nonprime consumers to acquire durable goods, generating revenue from recurring payment streams. It operates as a non-bank consumer lender, utilizing an asset-backed revolver for funding rather than retail deposits.
LOAN
Manhattan Bridge Capital
$38.57Mn
3.39
-1.17%
-35.31%
The company operates with the intent to qualify as a real estate investment trust (REIT) and generates revenue from a portfolio of first mortgage loans. Its earnings are derived from the net interest spread on these levered mortgage portfolios and loan origination fees.
QNTO
2nd
Quaint Oak Bancorp
$37.38Mn
14.10
-2.76%
+49.21%
The company operates subsidiaries specifically engaged in mortgage banking and generates fee income from the sale of loans, indicating a substantive mortgage origination and servicing business.
