FNMFO
Federal National Mortgage Association Fannie Mae
$184,810.50 Bn
31,500.00
+0.00%
-39.77%
Fannie Mae purchases residential mortgage loans from lenders and packages them into mortgage-backed securities for sale to investors. Its primary revenue comes from guaranty fees for assuming credit risk on these mortgage loans and net interest income from its retained mortgage portfolio.
TM
2nd
Toyota Motor
$2,454.16 Bn
188.29
-0.43%
-4.82%
The company operates a financial services segment that provides wholesale financing to dealers and retail installment credit and leasing for vehicle acquisitions. This constitutes a captive finance arm providing specialized vehicle financing.
USB-PA
2nd
Us Bancorp
$1,201.26 Bn
771.00
+0.18%
-6.77%
The company operates a mortgage banking business and offers mortgages to consumers through its Consumer and Business Banking segment.
JPM
2nd
Jpmorgan Chase
$965.61 Bn
363.26
+0.57%
+24.60%
The Consumer & Community Banking segment offers credit cards and other consumer credit products to individual consumers.
CAT
2nd
Caterpillar
$386.71 Bn
841.23
-4.59%
+103.87%
Through Cat Financial, the company provides specialty financing, including loans and leases to customers and dealers for equipment purchases.
MBFJF
2nd
Mitsubishi Ufj Financial
$272.13 Bn
22.93
-4.85%
+44.30%
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.
AXP
2nd
American Express
$228.47 Bn
338.47
+0.67%
+10.23%
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.
IBM
2nd
International Business Machines
$219.31 Bn
232.78
+1.71%
-2.79%
The Financing segment provides loans and leasing options specifically to enable clients to acquire IBM's own hardware, software, and services, acting as a captive finance arm.
HPE-PC
2nd
Hewlett Packard Enterprise
$189.35 Bn
143.09
-3.53%
+133.73%
The Financial Services segment provides non-bank financing, leasing, and asset management services to support the deployment of technology hardware and software.
SMFNF
2nd
Sumitomo Mitsui Financial
$169.25 Bn
44.22
-0.54%
+52.80%
The company has a material leasing business integrated into its Wholesale and Global Business Units, providing financing and leasing services to corporate clients.
BBVA
2nd
Banco Bilbao Vizcaya Argentaria
$160.57 Bn
28.77
-0.17%
+50.87%
Through its operations in Turkey (Garanti BBVA), the company provides specialized non-bank financing services including leasing and factoring.
DE
2nd
Deere
$158.90 Bn
588.64
-1.87%
+19.85%
Through its Financial Services segment, Deere provides non-bank financing, including retail notes, revolving charge accounts, and leases to support the sale of its equipment to dealers and end-users.
COF
2nd
Capital One Financial
$158.17 Bn
221.49
+0.01%
+2.45%
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.
HMC
2nd
Honda Motor
$144.83 Bn
31.95
+0.16%
-5.97%
Honda operates a Financial services business that provides retail lending, leasing to customers, and wholesale financing to dealers to support the sale of its vehicles.
BX
2nd
Blackstone
$105.81 Bn
140.59
+0.01%
-16.92%
The company manages a significant real estate debt business via Blackstone Real Estate Debt Strategies, which invests in commercial mortgage loans and related securities.
ING
2nd
Ing Groep
$102.13 Bn
35.47
-0.48%
+43.66%
ING generates significant revenue from mortgage lending for both private individuals and through real estate financing in its private banking segment.
PCAR
2nd
Paccar
$67.39 Bn
128.02
-2.16%
+30.13%
The company operates a Financial Services segment that provides retail loans, leases, and dealer inventory financing specifically for its commercial truck equipment. This captive finance arm accounts for roughly 8% of total net sales and 51% of total assets.
AJG
2nd
Arthur J. Gallagher
$63.66 Bn
248.38
+0.17%
-15.66%
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.
O
2nd
Realty Income
$58.89 Bn
62.24
-0.29%
+7.55%
The company maintains a credit investment segment where it earns income from loan and preferred equity investments. These non-bank financing activities represent a substantive business line used to generate additional yield and hedge against interest rates.
PSA
2nd
Public Storage
$56.75 Bn
323.12
-0.37%
+15.17%
The company provides bridge lending financing to third-party self-storage owners, with a reported bridge loan receivable balance of $142.1 million.
GGAL
2nd
Grupo Financiero Galicia
$55.81 Bn
42.12
-2.99%
-14.44%
The company operates Tarjetas Regionales (Naranja X), which provides proprietary brand credit cards and consumer finance to the underbanked population.
FITB
2nd
Fifth Third Bancorp
$51.95 Bn
57.30
-0.52%
+33.97%
The company provides mortgage loans to individual customers through its Consumer and Small Business Banking segment.
HBANL
2nd
Huntington Bancshares
$50.69 Bn
25.09
-0.12%
-2.56%
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.
BMA
2nd
Macro Bank
$45.19 Bn
76.01
-3.54%
+7.24%
The Retail Banking segment specifically offers mortgage financing as a core product for individual customers.
ORXCF
Orix
$44.85 Bn
39.90
-3.83%
+55.49%
ORIX's core revenue is generated from interest and fee income from its extensive leasing and lending portfolios, specifically automobile, equipment, aircraft, and ship finance. These activities are conducted as non-bank financing in specialized niches, fitting the description of Specialty Finance.
PRU
2nd
Prudential Financial
$42.96 Bn
124.52
-0.05%
+16.79%
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
$40.90 Bn
145.70
-1.77%
-11.78%
The company operates a financial services segment through DHI Mortgage, which earns fees from mortgage origination.
KIM-PN
2nd
Kimco Realty
$40.82 Bn
60.90
-1.54%
+1.52%
The company provides real estate financing services and preferred equity capital specifically to retailers, which constitutes a non-bank commercial lending activity.
RKT
Rocket Companies
$39.68 Bn
13.99
-3.52%
-21.54%
Rocket Mortgage is the company's flagship business and the nation's largest mortgage originator and servicer. The company generates its primary revenue from the gain on sale of mortgage loans and loan servicing income.
MTB
2nd
M&T Bank
$36.32 Bn
251.52
-0.54%
+31.91%
The company provides specialized non-bank financing through M&T Equipment Finance Corp. and LEAF Commercial Capital Inc., specifically offering equipment leasing and financing.
BAP
2nd
Credicorp
$34.76 Bn
368.31
-2.59%
+45.45%
The company operates Mibanco, which provides specialized microfinance and SME financing to microentrepreneurs in Peru and Colombia.
RPRX
Royalty Pharma
$34.35 Bn
59.69
+0.40%
+66.17%
Royalty Pharma operates as a non-bank commercial lender/financier that originates and holds specialized assets (biopharmaceutical royalties) on its own balance sheet. It generates revenue from royalty receipts and milestones from partners like Vertex and GSK, funded by its own capital deployment rather than retail deposits.
STRF
2nd
Strategy
$33.76 Bn
95.91
-0.12%
-16.05%
The company operates a Bitcoin Treasury business where it issues preferred stock and 'digital credit' instruments to provide investors exposure to its holdings. This involves structuring novel fixed-income and credit instruments to generate value from its balance sheet.
CFG
2nd
Citizens Financial
$31.05 Bn
73.46
-1.16%
+51.34%
The Consumer Banking segment specifically offers mortgage and home equity lending as a material product line for its retail customers.
EXR
2nd
Extra Space Storage
$31.03 Bn
146.89
-0.01%
+7.33%
The company runs a bridge lending program providing mortgage and mezzanine loans to third-party self-storage owners, generating interest and fee income.
AGNCN
AGNC Investment
$30.20 Bn
25.94
+0.08%
+0.66%
AGNC Investment Corp. is a REIT whose assets are mortgage-backed securities rather than physical buildings, specifically investing in Agency residential mortgage-backed securities. Its revenue is derived from the net interest spread on these levered mortgage portfolios and realized gains from hedging activities.
RF
2nd
Regions Financial
$27.01 Bn
31.70
-0.03%
+23.39%
The company has a dedicated Consumer Bank segment that provides mortgage lending and home equity loans to individual consumers.
KEY-PI
2nd
Keycorp
$27.00 Bn
25.30
+0.00%
+1.61%
The company provides commercial leasing and equipment financing to large corporate and institutional clients through its Institutional operating segment.
CINF
2nd
Cincinnati Financial
$26.30 Bn
171.35
+0.17%
+14.39%
The company owns CFC Investment Company, which provides commercial leasing and financing services.
SYF
Synchrony Financial
$26.19 Bn
80.58
-0.21%
+12.24%
Synchrony Financial originates and services consumer credit products, specifically credit cards and consumer installment loans, for individual consumers. Its revenue is primarily derived from interest and fees on these loans and interchange revenue, and it does not operate as a deposit-taking bank.
AVB
2nd
Avalonbay Communities
$26.11 Bn
184.06
+0.00%
-3.42%
The company earns income from its Structured Investment Program, which provides mezzanine loans and preferred equity to third-party developers.
AFRM
Affirm Holdings
$24.63 Bn
73.56
-1.29%
-5.98%
Affirm originates and services consumer installment loans and buy now pay later (BNPL) products, generating revenue from interest income on these loans. It extends credit directly to consumers across the credit spectrum, from near prime to subprime borrowers.
PHM
2nd
Pultegroup
$23.63 Bn
126.05
-1.90%
-1.68%
The company operates a financial services segment that originates mortgage loans for homebuyers and sells those loans to secondary market investors.
AER
2nd
AerCap Holdings
$23.52 Bn
149.62
-0.52%
+30.64%
The company operates as a non-bank financial entity providing specialized aircraft and helicopter leasing, including finance leases and purchase and leaseback arrangements through its Milestone subsidiary.
FCNCA
2nd
First Citizens Bancshares
$22.93 Bn
2,207.67
-1.80%
+14.34%
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.
LEN
2nd
Lennar
$22.35 Bn
84.94
-1.83%
-35.37%
The company operates a Financial Services segment that originates residential mortgage loans through Lennar Mortgage, LLC, originating approximately 55,900 loans totaling $20.0 billion in fiscal 2025.
FTAI
2nd
FTAI Aviation
$21.71 Bn
211.50
-7.00%
+48.46%
The company's Aviation Leasing segment owns and manages a portfolio of commercial aircraft and engines which it leases to third parties, a core activity of specialty finance for aviation assets.
SNX
2nd
Td Synnex
$20.76 Bn
259.59
-1.64%
+75.96%
The company generates revenue from financing arrangements extended to resellers and end users, including third-party leasing, floor plan financing, and device-as-a-service offerings.
SNA
2nd
Snap-on
$20.47 Bn
395.66
-1.38%
+22.42%
Through its Financial Services segment and Snap-on Credit LLC, the company provides specialty financing, including installment sales, lease contracts, and business loans specifically for the purchase of its tools and equipment.
TPG
2nd
Tpg
$20.34 Bn
52.02
+0.48%
-16.70%
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.
NLY-PJ
Annaly Capital Management
$19.57 Bn
26.08
-0.04%
+2.80%
Annaly is a real estate investment trust (REIT) whose assets consist of mortgage-backed securities, residential whole loans, and mortgage servicing rights rather than physical buildings. Its revenue is derived from the net interest spread between the yield on these mortgage assets and its financing costs.
RGLD
Royal Gold
$19.51 Bn
230.43
-2.62%
+34.32%
Royal Gold operates as a non-bank commercial lender in a specialized niche, providing upfront financing to mine operators in exchange for future metal production or revenue shares. Its revenue is derived from the interest-like returns of these streaming and royalty contracts, funded by its own balance sheet rather than retail deposits.
ZTO
2nd
ZTO Express (Cayman)
$18.27 Bn
23.10
+0.87%
+14.30%
The company provides financial services to its qualified network partners, specifically offering loans and financing arrangements as a distinct revenue stream.
WF
2nd
Woori Financial
$17.25 Bn
70.61
-1.40%
+32.38%
The company has a dedicated Credit Cards segment providing credit purchase, cash advance, and installment options to consumers and corporates through Woori Card.
FUTU
2nd
Futu Holdings
$17.18 Bn
108.58
-0.84%
-37.21%
The company generates a significant share of its total revenue from interest income derived from margin financing and securities lending provided to its users.
FLG-PU
2nd
Flagstar Bank, National Association
$16.69 Bn
40.02
+1.09%
+0.60%
The company has a material mortgage banking business and generates significant revenue from interest income on residential mortgages and mortgage banking activities.
NVR
2nd
Nvr
$16.67 Bn
6,256.63
-0.94%
-23.25%
Through its subsidiary NVR Mortgage Finance, Inc., the company originates mortgage loans for its homebuyers and sells them into the secondary market to investors like Fannie Mae and Freddie Mac.
PNFP
2nd
Pinnacle Financial Partners
$15.80 Bn
104.65
-2.55%
+12.36%
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.
TXT
2nd
Textron
$14.98 Bn
87.11
-0.64%
+10.17%
The Finance segment, through Textron Financial Corporation, provides specialized non-bank financing and credit to purchasers of Textron's manufactured aircraft and helicopters.
RITM-PA
Rithm Capital
$14.29 Bn
25.59
+0.43%
+0.95%
Rithm Capital operates as an internally managed real estate investment trust (REIT) whose investment portfolio primarily consists of residential mortgage loans, non-agency securities, and excess mortgage servicing rights. It earns revenue from net interest income and investment returns on these mortgage-backed assets rather than primarily from renting physical property.
VLYPN
2nd
Valley National Bancorp
$14.19 Bn
25.67
-0.04%
-0.35%
The company provides equipment leasing to healthcare and industrial markets through its leasing subsidiary, Highland Capital Corp.
ARCC
Ares Capital
$14.12 Bn
19.67
+0.15%
-12.23%
Ares Capital Corporation is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest income on debt securities and dividend distributions from equity investments in U.S. middle market companies.
SLMBP
Slm
$14.07 Bn
74.86
-0.19%
-1.56%
The company's primary revenue is generated from the origination and holding of private student loans for undergraduate and graduate students. It operates as a non-bank consumer lender, earning interest income and origination fees from these personal education loans.
OHI
2nd
Omega Healthcare Investors
$13.89 Bn
46.43
-0.30%
+13.91%
The company generates interest income from providing real estate loans and mortgage loans secured by healthcare properties.
AIZ
2nd
Assurant
$13.83 Bn
280.14
-0.38%
+33.95%
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.
TOL
2nd
Toll Brothers
$13.33 Bn
142.61
-1.99%
+8.71%
The company earns income from mortgage financing provided to its home buyers through its subsidiary, Toll Brothers Mortgage Company.
ALLY
2nd
Ally Financial
$13.29 Bn
43.63
+0.02%
+13.62%
The company is a top provider of automotive financing, generating significant revenue from retail installment sales contracts and leases for consumers.
WBS
2nd
Webster Financial
$12.64 Bn
77.99
-0.84%
+33.96%
The Consumer Banking segment specifically offers mortgages and home equity loans as part of its suite of financial solutions.
CNH
2nd
CNH Industrial
$12.41 Bn
10.03
-2.62%
-17.79%
Through CNH Capital, the company provides specialty non-bank financing, including retail loans, leases, and wholesale financing to dealers and end users for the purchase of its equipment.
GLPI
2nd
Gaming & Leisure Properties
$12.24 Bn
42.08
-0.40%
-9.60%
The company extends mortgage loans to developers for gaming projects, earning interest income from these loans before they potentially convert into lease revenue.
FHN
2nd
First Horizon
$12.23 Bn
25.82
-0.77%
+17.47%
The company operates a mortgage banking business that includes mortgage origination and mortgage warehouse lending.
TKC
2nd
Turkcell Iletisim Hizmetleri A S
$11.86 Bn
5.39
-0.74%
-8.02%
Through its Financell brand, the company provides consumer and enterprise lending services as part of its Techfin segment.
JEF
2nd
Jefferies Financial
$10.95 Bn
53.85
-1.34%
-10.29%
The company provides corporate lending through Jefferies Finance and commercial real estate finance through Berkadia, which are non-bank commercial lending activities.
WTFC
2nd
Wintrust Financial
$10.72 Bn
158.86
-1.30%
+23.51%
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.
SSB
2nd
SouthState Bank
$10.67 Bn
110.06
-0.79%
+14.66%
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.
KLAR
2nd
Klarna
$10.63 Bn
15.06
-22.93%
—
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.
CFR
2nd
Cullen
$10.40 Bn
167.31
-0.46%
+32.59%
The Banking segment provides specialized non-bank financing including equipment financing, inventory and accounts receivable financing, and commercial leases.
SFBS
2nd
ServisFirst Bancshares
$9.85 Bn
90.00
-0.33%
+9.93%
The company explicitly provides mortgage products to its retail customers as part of its lending activities.
PAYP
2nd
PayPay
$9.30 Bn
15.02
+0.33%
—
PayPay provides consumer credit products, including PayPay Credit and PayPay Card, generating revenue from interest income on revolving credit and cash advance balances.
RUSHA
2nd
Rush Enterprises Inc \Tx\
$9.28 Bn
79.39
-3.34%
+40.41%
Rush provides financing and leasing products to its commercial vehicle customers, acting as a specialty finance provider for commercial fleet equipment.
CTRE
2nd
CareTrust REIT
$9.28 Bn
39.30
+0.05%
+17.03%
The company extends secured mortgage loans and mezzanine loans to healthcare operators, generating revenue from these financing receivables.
COMP
2nd
Compass
$9.27 Bn
12.30
-0.73%
+40.57%
Compass operates mortgage joint ventures that generate revenue from mortgage origination fees for consumers seeking to buy or refinance homes.
FCFS
FirstCash Holdings
$9.23 Bn
212.74
-1.62%
+53.66%
FirstCash's primary revenue driver is its pawn operations, which provide non-recourse pawn loans to unbanked and credit-constrained consumers. These loans generate significant revenue through pawn loan fees and service charges, which accounted for 46% of consolidated net revenue in 2025.
COLB
2nd
Columbia Banking System
$9.09 Bn
32.14
-0.62%
+24.72%
The company originates residential real estate loans and generates revenue from loan sales into the secondary market while retaining servicing rights.
KT
2nd
Kt
$9.05 Bn
18.76
-1.26%
-9.76%
Through its subsidiary BC Card, the company provides financial services and payment processing, contributing 14% of total operating revenue.
WAL
2nd
Western Alliance Bancorporation
$8.81 Bn
80.79
-1.19%
-2.52%
The company operates a national mortgage banking platform through its AmeriHome subsidiary, originating and servicing residential mortgages and earning origination and servicing fees.
BOKF
2nd
Bok Financial
$8.81 Bn
145.02
-0.48%
+37.38%
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.
OMF
OneMain Holdings
$8.70 Bn
64.74
-0.64%
+11.29%
OneMain Holdings originates and services a large portfolio of consumer loans, including 2.3 million personal loans and 152 thousand auto finance loans, as well as 1.2 million credit card accounts. Its primary revenue is generated from interest income on these non-bank consumer credit products.
CBSH
2nd
Commerce Bancshares
$8.54 Bn
59.56
-0.25%
+1.50%
The Commercial segment specifically provides leasing services, which generates leasing income for the company.
REXR
2nd
Rexford Industrial Realty
$8.26 Bn
37.03
+3.29%
-1.70%
The company generates additional revenue by acting as a lender, providing mortgage debt investments secured by industrial property.
PSEC-PA
Prospect Capital
$8.13 Bn
16.66
-0.72%
-4.14%
Prospect Capital is explicitly described as a closed-end investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest and fee income on its investments in middle-market privately held companies.
ZG
2nd
Zillow
$7.93 Bn
35.28
+2.80%
-56.34%
The company operates Zillow Home Loans, which provides mortgage origination services, earning revenue from mortgage interest and fees.
LAD
2nd
Lithia Motors
$7.85 Bn
356.67
-3.49%
+17.11%
The company has a captive finance division that originates financing and insurance products for consumers, generating fee income and interest spread.
FIGR
Figure Technology Solutions
$7.79 Bn
35.52
-0.67%
—
Figure originates, sells, and securitizes home equity line of credit (HELOC) loans, generating revenue from origination fees, gain on sale of loans, and servicing fees. This activity is the core of its Lending segment and is a primary driver of its revenue streams.
FAF
2nd
First American Financial
$7.39 Bn
72.47
-0.98%
+13.36%
The company provides warehouse lending and mortgage subservicing, which are non-bank financing and servicing activities for the real estate industry.
TEX
2nd
Terex
$7.37 Bn
64.45
-4.35%
+27.65%
The company operates Terex Financial Services, which facilitates financial transactions to assist customers in the procurement of its industrial equipment, acting as a captive finance arm.
AGCO
2nd
Agco
$6.89 Bn
98.45
-1.37%
-13.01%
The company operates finance joint ventures that provide retail financing to farmers and wholesale/floor plan financing to its dealer network.
FNB
2nd
Fnb
$6.78 Bn
19.22
-0.98%
+21.49%
The company has a dedicated mortgage banking operation that focuses on residential mortgage financing, origination, and servicing, generating specific mortgage banking income.
TMHC
2nd
Taylor Morrison Home
$6.77 Bn
72.45
-0.01%
+8.43%
The company operates a mortgage lending business through Taylor Morrison Home Funding, Inc., providing financing to homebuyers.
WBHC
2nd
Wilson Bank Holding
$6.76 Bn
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.
UBSI
2nd
United Bankshares
$6.64 Bn
48.77
-0.43%
+31.07%
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.
AN
2nd
Autonation
$6.52 Bn
196.93
-3.96%
-4.95%
The company operates a captive auto finance company, AutoNation Finance, which provides consumer auto finance loans directly to retail customers and earns interest income.
ENVA
Enova International
$6.51 Bn
261.71
-0.92%
+142.62%
Enova originates and services consumer installment loans and lines of credit through brands like CashNetUSA and NetCredit, earning revenue from interest income and fees. It operates as a non-depository lender targeting consumers with limited access to traditional credit.
HRB
2nd
H&R Block
$6.46 Bn
50.95
+1.64%
+1.05%
The company originates and services consumer credit products, specifically Emerald Advance term loans and Refund Advance loans, earning income from these lending activities.
GBCI
2nd
Glacier Bancorp
$6.38 Bn
48.98
-1.29%
+5.47%
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
$6.29 Bn
178.30
-1.28%
+12.77%
The company operates a significant aircraft spare engine leasing business through GATX Engine Leasing and joint ventures, providing non-bank financing and leasing for high-value aviation assets to commercial aircraft operators.
HOMB
2nd
Home Bancshares
$6.21 Bn
30.99
-0.45%
+8.85%
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.
OR
OR Royalties
$6.06 Bn
32.29
-3.12%
+4.80%
OR Royalties operates as a non-bank commercial financier in a specialized niche, providing capital to mining companies in exchange for royalties and streams. It earns revenue from interest-like payments (percentages of metal value or predetermined purchase prices) on its portfolio of assets, such as the Canadian Malartic Complex, without taking on the operational costs of mining.
STWD
Starwood Property Trust
$6.02 Bn
16.25
-0.06%
-18.14%
The company is explicitly structured as a real estate investment trust (REIT) whose primary revenue is generated from interest income on a diversified portfolio of mortgage loans, including first mortgages, mezzanine loans, and CMBS. Its Commercial and Residential Lending Segment holds billions in mortgage assets, fitting the definition of a Mortgage REIT.
AUB
2nd
Atlantic Union Bankshares
$6.01 Bn
42.37
-0.42%
+26.06%
The company operates a dedicated home loan division, Atlantic Union Home Loans, which originates residential mortgages and sells them into the secondary market.
ASB
2nd
Associated Banc
$5.98 Bn
31.68
-1.22%
+25.47%
The Corporate and Commercial Specialty segment provides specialized non-bank-style financing including asset-based lending and equipment financing.
SWDR
2nd
Starwood Real Estate Income Trust
$5.98 Bn
15.25
+11,630.77%
—
The company has a specific 'Investment in Real Estate Debt' segment that holds loans secured by real estate and related securities to generate interest income.
CACC
Credit Acceptance
$5.92 Bn
570.54
-0.44%
+20.23%
Credit Acceptance originates, underwrites, and services consumer auto loans for individuals with limited or impaired credit histories. Its revenue is primarily driven by finance charges, including interest income on these consumer loans, and it operates as a non-depository lender.
ABCB
2nd
Ameris Bancorp
$5.92 Bn
88.20
-0.94%
+25.71%
The company engages in mortgage banking activities and provides residential mortgage loans and home equity loans through its Retail Banking segment.
BBUC
2nd
Brookfield Business
$5.83 Bn
28.38
-1.97%
-14.03%
The company owns a leading Canadian residential mortgage insurer and has investments in First National Financial Corporation, a mortgage lender, generating income from mortgage insurance and lending activities.
BXSL
Blackstone Secured Lending Fund
$5.66 Bn
24.34
+0.54%
-18.60%
The company is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). Its revenue is derived mainly from interest payments on a portfolio of first lien senior secured and unitranche loans made to middle-market companies.
OBDC
Blue Owl Capital
$5.62 Bn
11.40
-0.96%
-19.49%
The company is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). Its primary business is originating and making loans and equity investments in U.S. middle-market companies, generating revenue from interest and dividend income.
AX
2nd
Axos Financial
$5.55 Bn
97.59
-1.59%
+11.88%
The Banking Business Segment explicitly offers and earns fee income from single family, multifamily, and commercial real estate mortgages.
MAIN
Main Street Capital
$5.40 Bn
57.83
-0.58%
-11.88%
Main Street Capital explicitly operates as an internally managed business development company (BDC) under the Investment Company Act of 1940. It originates and holds a portfolio of secured debt and equity investments in lower middle market companies, generating revenue from interest income and capital gains.
RELY
2nd
Remitly Global
$5.38 Bn
25.44
-3.27%
+28.03%
The company offers 'Remitly Flex,' a product that allows customers to 'send now and pay later,' which constitutes a form of consumer credit/lending.
HASI
2nd
HA Sustainable Infrastructure Capital
$5.30 Bn
41.39
-1.80%
+50.51%
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.
BC
2nd
Brunswick
$5.26 Bn
81.07
-1.48%
+28.48%
Brunswick provides financing services, specifically dealer floor plan financing and consumer loans, which are non-bank financing solutions for its dealer network and customers.
OTF
Blue Owl Technology Finance
$5.08 Bn
11.10
-0.18%
-25.35%
The company is a Maryland corporation that originates and holds loans and equity in private middle-market technology companies, specifically targeting software firms. It generates revenue through interest income from debt investments and dividends from equity holdings, which is the characteristic revenue model of a Business Development Company (BDC).
SKY
2nd
Champion Homes
$4.99 Bn
90.92
-2.45%
+23.42%
Through its joint venture, Champion Financing, the company provides consumer retail financing products specifically tailored to the manufactured housing market for homebuyers.
TFSL
2nd
TFS Financial
$4.92 Bn
17.55
+0.29%
+33.97%
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.
HCXY
Hercules Capital
$4.68 Bn
25.00
-0.24%
-0.40%
Hercules Capital explicitly operates as an internally managed business development company (BDC) that originates and holds loans and equity in private middle-market businesses. Its revenue is primarily derived from interest income on its debt investments and capital appreciation from equity securities.
FULT
2nd
Fulton Financial
$4.64 Bn
24.30
-0.69%
+30.79%
The company generates material revenue from mortgage loan origination gains, indicating a substantive mortgage lending operation.
MRP
2nd
Millrose Properties
$4.62 Bn
29.94
-0.76%
-5.88%
The company provides development loans secured by residential property and earns interest income on the outstanding balance of these loans. This activity constitutes a material portion of its total revenue alongside option fees.
MTH
2nd
Meritage Homes
$4.61 Bn
70.70
-2.15%
-8.46%
The company earns fees from its financial services segment by providing mortgage services to homebuyers.
NNI
2nd
Nelnet
$4.53 Bn
125.72
-0.18%
-1.09%
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.
CVCO
2nd
Cavco Industries
$4.53 Bn
584.77
-2.54%
+20.81%
Through its subsidiary CountryPlace Acceptance Corp., the company originates and services conforming and non-conforming mortgages and home-only loans for purchasers of its homes, and issues Ginnie Mae mortgage-backed securities.
FBP
2nd
First Bancorp
$4.48 Bn
29.37
-0.61%
+37.89%
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
$4.42 Bn
72.27
-1.93%
+20.45%
The company provides consumer financing for the majority of its vacation ownership sales, generating revenue from these credit extensions to its customers.
HGTY
2nd
Hagerty
$4.40 Bn
12.81
-0.62%
+16.56%
Through Broad Arrow Capital LLC, the company provides financing solutions and structures loans secured by collector cars for qualified customers.
UCB
2nd
United Community Banks
$4.38 Bn
36.55
-0.22%
+17.00%
The company provides specialized non-bank financing through its national equipment finance platform, which is distinct from its regional deposit-taking activities.
BFH
Bread Financial Holdings
$4.30 Bn
111.10
-0.12%
+84.21%
The company's core revenue is generated from issuing credit cards and providing installment and split-pay loans (Bread Pay) directly to consumers. It earns interest income, late fees, and interchange fees from these non-deposit-funded credit products.
ABR-PF
Arbor Realty Trust
$4.24 Bn
22.46
+0.99%
+3.22%
Arbor Realty Trust is explicitly described as a real estate investment trust (REIT) whose assets consist of a $12.1 billion loan and investment portfolio. Its revenue is primarily derived from net interest spread on bridge loans, mezzanine loans, and mortgage-related securities rather than from renting physical property.
PAGS
2nd
PagSeguro Digital
$4.14 Bn
8.44
-2.65%
-6.84%
PagSeguro originates and services credit products, earning income from interest on loans provided to its merchant and consumer customer base.
OPLN
2nd
Openlane
$4.11 Bn
33.47
-4.62%
+18.14%
Through its subsidiary AFC, the company provides floorplan financing, which is short-term inventory-secured financing for independent vehicle dealers. This represents a specialized niche of non-bank commercial lending for vehicle inventory.
WSBC
2nd
Wesbanco
$4.05 Bn
42.21
-0.64%
+35.12%
The company engages in mortgage banking activities, generating revenue from mortgage origination, servicing, and gains on the sale of loans.
SKYW
2nd
Skywest
$4.00 Bn
103.11
-2.36%
-12.20%
The company operates a SkyWest Leasing segment that finances new E175 aircraft and generates revenue from leasing aircraft and engines to third parties.
VAC
2nd
Marriott Vacations Worldwide
$3.95 Bn
114.96
-3.78%
+53.24%
The company provides financing to consumers purchasing vacation ownership products, generating significant financing income from interest and servicing fees on loans originated to these purchasers.
PFSI
PennyMac Financial Services
$3.91 Bn
75.32
-1.30%
-28.61%
PennyMac operates a comprehensive mortgage platform focused on the production and servicing of U.S. residential mortgage loans. It generates revenue through loan origination fees, gains on loan sales, and mortgage servicing rights.
RNST
2nd
Renasant
$3.90 Bn
42.62
-1.18%
+13.99%
Through Republic Business Credit, the company provides specialized non-bank financing including factoring and asset-based lending on a nationwide basis.
RCD
Ready Capital
$3.84 Bn
23.22
+0.17%
-3.65%
Ready Capital is structured as a real estate investment trust (REIT) whose primary assets are mortgage loans, including LMM Commercial Real Estate and SBA loans. Its revenue is primarily derived from interest earned on its loan portfolio and gains from the sale of loans and securitization transactions.
MHO
2nd
M
$3.76 Bn
148.52
-1.71%
+4.72%
The company operates a financial services segment that generates revenue through mortgage origination fees, interest income from loans held for investment, and the sale of mortgages to agencies like Fannie Mae and Freddie Mac.
NIC
2nd
Nicolet Bankshares
$3.72 Bn
176.56
-0.84%
+34.84%
The company originates residential mortgages and generates revenue from gains on the sale of these mortgages into the secondary market.
MCHB
2nd
Mechanics Bancorp
$3.71 Bn
16.77
+0.12%
+33.07%
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.
FIBK
2nd
First Interstate Bancsystem
$3.67 Bn
38.46
-1.11%
+26.81%
The company engages in mortgage loan origination and servicing, generating revenue through servicing fees and the sale of mortgage loans to secondary markets.
ABG
2nd
Asbury Automotive
$3.66 Bn
203.92
-2.31%
-15.19%
The company operates a dedicated finance and insurance subsidiary, Total Care Auto (TCA), which provides specialized non-bank financing and protection products such as guaranteed asset protection and lease wear and tear contracts.
FFBC
2nd
First Financial Bancorp
$3.55 Bn
33.79
-1.11%
+36.91%
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.
NHI
2nd
National Health Investors
$3.54 Bn
73.24
-0.22%
-2.20%
The company earns interest income by providing financing arrangements, including mortgages, construction loans, and mezzanine loans to tenants, operators, and third parties.
BKU
2nd
BankUnited
$3.45 Bn
47.77
-0.19%
+27.83%
The company maintains a dedicated Residential Mortgages segment where it invests in first lien jumbo mortgages acquired through correspondent channels and community partners.
SBCF
2nd
Seacoast Banking Corp Of Florida
$3.44 Bn
35.54
-0.73%
+22.72%
The company earns revenue from mortgage brokerage commissions, indicating a substantive business line in the origination and brokerage of mortgage loans.
NMIH
2nd
NMI Holdings
$3.44 Bn
45.61
+0.11%
+17.95%
The company operates a Loan Review Services segment that provides outsourced loan review to mortgage originators to assess compliance with underwriting guidelines.
MARA
2nd
MARA Holdings
$3.42 Bn
8.96
-7.82%
-44.31%
The company generates material interest income, specifically $32.1 million in 2025, by monetizing its bitcoin holdings through lending, structured trading, and collateralized financing.
GBDC
Golub Capital Bdc
$3.40 Bn
13.07
-0.38%
-11.33%
The company is explicitly structured and regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is generated from interest income on a portfolio of senior secured loans, second lien loans, and equity securities in U.S. middle market companies.
HGV
2nd
Hilton Grand Vacations
$3.39 Bn
43.51
-3.12%
-2.22%
The company generates a substantial portion of its revenue by financing and servicing loans provided directly to consumers for their VOI purchases.
FSK
FS KKR Capital
$3.33 Bn
11.90
-0.83%
-31.69%
The company explicitly states it is a closed-end management investment company that has elected to be regulated as a business development company (BDC). Its core activity is making debt and equity investments in private middle-market companies, generating revenue from interest and dividend income.
OAK-PA
2nd
Brookfield Oaktree Holdings
$3.31 Bn
20.64
-1.24%
-5.54%
The company's Credit segment specifically includes business development companies (BDCs) as part of its investment strategies.
KBH
2nd
Kb Home
$3.31 Bn
53.96
-2.65%
-13.26%
The company operates a financial services segment that provides mortgage origination and loan processing fees to homebuyers through its affiliated mortgage joint venture.
CMRE-PD
2nd
Costamare
$3.26 Bn
26.96
-0.88%
+1.01%
The company operates a lease financing platform called Neptune, which engages in sale and leaseback transactions and bareboat charters for various vessel types across the maritime sector.
RWT-PA
Redwood Trust
$3.11 Bn
24.73
+0.16%
-1.87%
The company explicitly states it operates under a REIT structure and generates revenue from net interest income on its investment portfolio of residential consumer and residential investor housing credit assets. Its business model focuses on the credit and interest-rate exposure of mortgage-backed securities and retained interests from its own securitizations.
FBK
2nd
FB Financial
$3.05 Bn
61.09
-0.38%
+20.11%
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.
SII
2nd
Sprott
$3.03 Bn
117.68
-3.48%
+80.88%
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.
GRBK
2nd
Green Brick Partners
$2.98 Bn
69.35
-2.13%
+0.78%
The company earns fees from mortgage origination through its wholly owned subsidiary, GRBK Mortgage.
GPI
2nd
Group 1 Automotive
$2.98 Bn
250.01
-3.78%
-43.92%
The company has a dedicated Finance and Insurance (F&I) segment that arranges vehicle financing and sells insurance products to consumers in connection with retail vehicle transactions.
AKR
2nd
Acadia Realty Trust
$2.89 Bn
21.05
+1.06%
+11.38%
The company engages in structured finance activities, earning interest income from first mortgage loans and other notes receivable collateralized by real estate.
STNE
StoneCo
$2.87 Bn
9.12
-1.62%
-40.93%
StoneCo originates and services credit products including working capital loans, revolving credit, and credit cards for Brazilian merchants. These credit solutions are a core revenue driver, with a credit book reaching R$2,836.3 million by the end of 2025.
ARR-PC
Armour Residential REIT
$2.84 Bn
20.84
-0.14%
-4.97%
Armour Residential REIT is a REIT whose assets consist of agency mortgage-backed securities and U.S. Treasury securities rather than physical buildings. Its revenue is derived from the net interest spread between the yield on these mortgage assets and the cost of its repurchase agreement financing.
PBI-PB
2nd
Pitney Bowes
$2.84 Bn
20.70
+0.58%
-0.10%
The company operates Pitney Bowes Bank, which provides credit and financing options specifically to enable customers to acquire mailing and shipping equipment.
HOG
2nd
Harley-Davidson
$2.83 Bn
27.24
+0.74%
-1.59%
Harley-Davidson Financial Services provides retail consumer loans to buyers of motorcycles, earning interest and fees from these credit products.
TBBK
2nd
Bancorp
$2.80 Bn
68.32
+0.07%
+4.39%
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.
TRMK
2nd
Trustmark
$2.78 Bn
47.69
-0.91%
+23.69%
Trustmark provides mortgage banking services, including construction financing and mortgage servicing, and earns revenue from secondary market activities.
FBNC
2nd
First Bancorp
$2.73 Bn
66.09
-0.05%
+26.27%
Through its subsidiary Magnolia Financial, the company provides specialized non-bank financing including accounts receivable factoring, inventory financing, and purchase order financing.
CUBI
2nd
Customers Bancorp
$2.72 Bn
80.67
-1.84%
+21.22%
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.
BBT
2nd
Beacon Financial
$2.72 Bn
32.49
-0.34%
+28.98%
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.
FRME
2nd
First Merchants
$2.69 Bn
43.23
-0.67%
+10.93%
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.
TWOD
Two Harbors Investment
$2.67 Bn
25.37
+0.08%
-0.74%
Two Harbors Investment Corp. is a REIT whose assets consist of mortgage servicing rights and Agency residential mortgage-backed securities (RMBS) rather than physical buildings. Its revenue is derived from interest payments on mortgage pass-through certificates and contractual servicing fees, fitting the profile of a Mortgage REIT.
OXSQH
Oxford Square Capital
$2.62 Bn
24.97
+0.04%
-0.12%
Oxford Square Capital Corp. explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is principally derived from interest income on corporate debt securities and loans to private companies for purposes such as organic growth and acquisitions.
SYBT
2nd
Stock Yards Bancorp
$2.60 Bn
83.70
-0.69%
+10.76%
The Commercial Banking segment includes mortgage banking activities, and the company explicitly lists mortgage banking income as a component of its non-interest revenue.
IVR-PC
Invesco Mortgage Capital
$2.56 Bn
24.98
+0.04%
+1.50%
The company is a REIT whose assets consist of mortgage-backed securities (Agency RMBS, Agency CMBS, non-Agency RMBS, and non-Agency CMBS) rather than physical buildings. Its revenue is generated primarily from interest income on these mortgage portfolios and gains from the sale of securities.
MFAO
Mfa Financial
$2.55 Bn
25.19
+0.16%
-0.12%
MFA Financial is an internally-managed REIT that earns revenue primarily from interest income and net gains on residential whole loans and residential mortgage securities (Agency and Non-Agency MBS). Its business model focuses on credit and interest-rate exposure to residential mortgage assets rather than renting physical property.
PFLA
PennantPark Floating Rate Capital
$2.51 Bn
25.25
+0.24%
—
The company explicitly identifies as a business development company (BDC) that originates and holds floating rate loans to U.S. middle-market enterprises. Its revenue is generated from interest income on its loan portfolio, structuring fees, and commitment fees.
MBIN
2nd
Merchants Bancorp
$2.50 Bn
54.40
-0.26%
+68.63%
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.
ABXL
2nd
Abacus Global Management
$2.49 Bn
25.47
-0.08%
+0.91%
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.
AGM
Federal Agricultural Mortgage
$2.49 Bn
229.10
-1.20%
+19.60%
The company operates as a secondary market for agricultural and rural infrastructure loans, purchasing eligible loans from lenders and packaging them into securities. It generates revenue from net interest income on these loans and securities, as well as guarantee and commitment fees, which aligns with the activities of a mortgage lender and securitizer.
BANR
2nd
Banner
$2.47 Bn
72.73
-1.25%
+13.45%
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.
BXMT
Blackstone Mortgage Trust
$2.39 Bn
14.18
-0.35%
-24.01%
Blackstone Mortgage Trust is a REIT whose assets are mortgage loans and debt investments collateralized by commercial real estate rather than physical buildings. Its revenue is primarily generated from interest income on a portfolio of senior floating rate mortgages and other credit-oriented investments.
TRNI
Trinity Capital
$2.38 Bn
25.31
+0.24%
-0.94%
Trinity Capital is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue through interest income on debt investments and dividend distributions from equity and warrant holdings in private middle-market businesses.
NMFCZ
New Mountain Finance
$2.38 Bn
25.15
+0.00%
-0.75%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is generated from interest income on senior secured loans and dividend income from equity holdings in US upper middle market companies.
TRN
2nd
Trinity Industries
$2.36 Bn
29.66
-0.70%
+6.69%
The company provides non-bank financing through full service operating leases for freight and tank railcars to industrial shippers and railroads, which fits the specialty finance niche for equipment leasing.
UWMC
UWM Holdings
$2.33 Bn
1.45
-2.68%
-73.00%
UWM Holdings originates, underwrites, and sells residential mortgage loans into the secondary market, generating revenue from gains on sale and mortgage servicing rights. The company specifically focuses on conforming and government-eligible loans and is described as the largest residential mortgage lender in the U.S.
ADAMH
Adamas Trust
$2.29 Bn
25.48
+0.16%
+0.00%
Adamas Trust is a REIT whose assets consist of mortgage-related residential assets, including Agency and non-Agency RMBS and residential loans. Its revenue is primarily derived from net interest spread on these levered mortgage portfolios and gains on the sale of securities.
FIISO
2nd
Financial Institutions
$2.28 Bn
115.65
+0.00%
-11.05%
The company operates Five Star REIT, Inc., a subsidiary specifically structured as a REIT to hold residential mortgages and commercial real estate loans.
PMTU
PennyMac Mortgage Investment Trust
$2.25 Bn
25.84
+0.35%
+0.90%
The company is explicitly identified as a mortgage REIT that invests in mortgage-related assets, including mortgage-backed securities and mortgage servicing rights. Its revenue is derived from net interest income on these mortgage portfolios and gains on the sale of loans.
PLUS
2nd
Eplus
$2.25 Bn
86.14
-0.74%
+19.56%
The Financing segment provides non-bank financing specifically for IT equipment through sales-type and operating leases and loans.
WU
2nd
Western Union
$2.24 Bn
7.20
+0.28%
-14.89%
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.
INTR
2nd
Inter
$2.24 Bn
5.09
-3.78%
-37.93%
The company has a dedicated Credit vertical that originates and services personal loans and credit cards for individuals and small businesses.
HTH
2nd
Hilltop Holdings
$2.24 Bn
39.02
-0.79%
+21.26%
The mortgage origination segment, operating through PrimeLending, originates residential mortgage loans and sells them in the secondary market.
ECPG
Encore Capital
$2.17 Bn
102.21
-1.42%
+148.44%
Encore Capital is a specialty finance company that acquires portfolios of defaulted consumer receivables at deep discounts and manages them for recovery. This non-bank commercial lending activity, specifically the purchase and holding of non-performing consumer debt, fits the specialty finance niche.
LTC
2nd
Ltc Properties
$2.16 Bn
40.02
-1.21%
+12.70%
The company has a significant financing business, generating revenue from mortgage loans receivable and construction financing for health care properties.
HAPN
2nd
Happen
$2.14 Bn
18.57
-3.23%
+16.50%
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.
CIMP
Chimera Investment
$2.12 Bn
25.27
+0.16%
—
Chimera Investment Corp is a REIT that generates its primary revenue from net interest income on a diversified portfolio of mortgage assets, including residential mortgage loans, RMBS, and CMBS. It explicitly identifies as a mortgage REIT and uses securitization and repurchase agreements to finance these mortgage-backed assets.
SRCE
2nd
1St Source
$2.11 Bn
87.73
-0.19%
+43.35%
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.
MFICL
MidCap Financial Investment
$2.10 Bn
25.47
+0.00%
—
The company explicitly states it has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. Its core activity is originating and holding first lien senior secured loans and equity interests in private middle-market companies.
NTST
2nd
Netstreit
$2.08 Bn
20.53
+0.49%
+10.55%
The company generates a portion of its revenue from interest income derived from mortgage loans secured by real estate, which it invests in alongside its property portfolio.
CHCO
2nd
City Holding
$2.05 Bn
146.22
+0.36%
+18.57%
The company engages in mortgage banking activities and generates revenue from mortgage banking fees.
BLX
2nd
Bladex
$2.05 Bn
54.59
-0.91%
+21.23%
The bank provides specialized non-bank financing services including factoring, vendor financing, and financial leasing within its Commercial Business Segment.
CCS
2nd
Century Communities
$1.97 Bn
69.37
-1.41%
+6.46%
The company's Financial Services segment, through Inspire Home Loans Inc., provides mortgage services to homebuyers.
NBHC
2nd
National Bank Holdings
$1.92 Bn
43.00
-0.49%
+13.40%
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.
SMA
2nd
SmartStop Self Storage REIT
$1.89 Bn
34.17
+0.26%
-0.93%
The company generates revenue from financing activities, providing mezzanine loans, bridge loans, promissory notes, and preferred equity to Managed REITs and joint venture properties.
FSUN
2nd
Firstsun Capital Bancorp
$1.89 Bn
40.44
-1.32%
+10.19%
The company has a dedicated Mortgage Operations segment that originates, services, and packages residential mortgage loans into securities for government agencies.
BBAR
2nd
Banco BBVA Argentina
$1.89 Bn
14.77
-3.27%
-8.88%
The bank provides credit card financing and consumer loans to approximately 3,600,000 active retail clients.
UMH-PD
2nd
Umh Properties
$1.86 Bn
21.75
+0.37%
-3.59%
Through its taxable REIT subsidiary and the COP program with Triad Financial, the company provides financing for manufactured home purchases to residents and prospective buyers.
TFIN
2nd
Triumph Financial
$1.82 Bn
76.27
-1.78%
+41.91%
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.
HOPE
2nd
Hope Bancorp
$1.82 Bn
14.24
-0.84%
+37.45%
The company provides residential mortgage loans to individual consumers and commercial mortgage financing to real estate investors and developers.
TCBK
2nd
Trico Bancshares
$1.81 Bn
56.70
-1.32%
+32.41%
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.
EZPW
Ezcorp
$1.79 Bn
29.17
-0.41%
+82.65%
Ezcorp provides cash advances (pawn loans) against personal property to individuals and small businesses, generating revenue primarily from pawn service charges. This is a form of consumer lending conducted outside a traditional deposit-taking bank.
CNOB
2nd
ConnectOne Bancorp
$1.78 Bn
32.81
+0.09%
+36.25%
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.
TSLX
Sixth Street Specialty Lending
$1.77 Bn
18.56
+0.49%
-22.76%
The company explicitly identifies as a business development company (BDC) that originates and holds loans and equity in U.S. domiciled middle market companies. Its revenue is primarily derived from interest income on senior secured loans, mezzanine loans, and dividends on equity investments.
BY
2nd
Byline Bancorp
$1.77 Bn
39.10
-0.13%
+42.39%
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.
CASH
2nd
Pathward Financial
$1.76 Bn
84.64
-0.88%
+12.24%
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.
QCRH
2nd
Qcr Holdings
$1.70 Bn
103.91
-0.89%
+37.98%
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.
HTFC
Horizon Technology Finance
$1.67 Bn
24.99
+0.08%
+1.30%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue through interest income from a debt investment portfolio and fee income from secured term loans made to private middle-market companies.
PRG
PROG Holdings
$1.65 Bn
41.51
-1.40%
+24.51%
PROG Holdings provides consumer credit products, specifically lease-to-own solutions via Progressive Leasing and buy-now-pay-later installments via Four. These services are extended directly to consumers for the purchase of durable goods like furniture and electronics, generating revenue from lease transactions and transaction income.
JSM
Navient
$1.65 Bn
17.62
-0.68%
-8.80%
Navient originates, underwrites, and services private education loans for students and families through its Earnest brand. It generates revenue from net interest income on these consumer loans and origination fees, operating outside a traditional deposit-taking bank structure.
OBK
2nd
Origin Bancorp
$1.65 Bn
53.53
-0.11%
+44.95%
The company engages in mortgage banking activities, specifically generating income from the origination and sale of residential mortgage loans.
AHRT-PA
2nd
AH Realty Trust
$1.63 Bn
21.86
-0.36%
+2.05%
The company has a dedicated 'Real estate financing' segment that provides preferred equity investments and mezzanine financing for third-party development projects, earning interest income.
CNF
CNFinance Holdings
$1.60 Bn
2.33
+1.75%
-56.04%
The company's core business is providing home equity loans secured by first or second lien interests on real properties for MSE owners. It generates revenue through origination and service fees from trust companies and commercial banks, as well as through its own direct lending subsidiaries that hold licenses for small loan lending.
CSWC
Capital Southwest
$1.57 Bn
24.59
-0.20%
+8.90%
Capital Southwest is explicitly described as a regulated business development company (BDC) that originates and holds loans and equity in lower middle market businesses. Its revenue is primarily generated through interest income from first lien debt securities and capital appreciation from preferred and common stock.
KW
2nd
Kennedy-Wilson Holdings
$1.52 Bn
10.92
+0.00%
+66.46%
The company originates, manages, and services real estate loans, specifically senior construction loans and bridge loans secured by multifamily and student housing properties. It generates significant earnings from interest income on this loan portfolio.
IIPR
2nd
Innovative Industrial Properties
$1.52 Bn
55.05
-1.45%
+5.72%
The company provides non-bank financing and credit facilities, specifically citing a credit facility extended to IQHQ and fees associated with loan origination and servicing activities.
ATLC
Atlanticus Holdings
$1.48 Bn
97.58
-2.56%
+54.18%
Atlanticus operates as a non-bank lender that originates and holds consumer receivables, specifically purchasing card receivables and auto loans. It earns revenue from interest and fee income on these purchased loans and provides floor plan financing to auto dealers, fitting the specialty finance profile.
PEBO
2nd
Peoples Bancorp
$1.47 Bn
40.99
-0.19%
+38.53%
The company operates nationwide specialty lending operations, specifically providing equipment leasing and financing arrangements as a distinct business line.
QFIN
2nd
Qfin Holdings
$1.47 Bn
12.06
+1.01%
-59.67%
The company operates a micro-lending subsidiary, Fuzhou Microcredit, through which it originates loans and collects interest income directly from borrowers.
FBRT-PE
Franklin BSP Realty Trust
$1.46 Bn
19.32
-0.10%
-9.97%
The company is a REIT that generates revenue from a portfolio of commercial real estate debt investments, including first mortgage loans, mezzanine loans, and commercial mortgage-backed securities (CMBS). Its primary business is earning a spread on these mortgage assets rather than renting physical property.
TMP
2nd
Tompkins Financial
$1.44 Bn
100.24
-0.31%
+51.24%
The banking segment specifically originates and services lease products as part of its lending activities, which falls under specialty finance.
TRTX-PC
TPG RE Finance Trust
$1.43 Bn
18.60
+0.11%
+3.68%
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.
TRTN-PA
2nd
Triton International
$1.43 Bn
25.91
-0.27%
-0.96%
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.
GBX
2nd
Greenbrier Companies
$1.40 Bn
45.11
-1.49%
-1.79%
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.
OCFC
2nd
Oceanfirst Financial
$1.37 Bn
19.56
-0.41%
+13.99%
The company engages in mortgage banking activities, generating revenue from residential real estate loan origination fees and gains on the sale of loans.
LU
Lufax Holding
$1.36 Bn
1.57
+7.53%
-44.91%
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.
JCAP
Jefferson Capital
$1.34 Bn
23.32
-1.40%
+23.00%
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.
ORC
Orchid Island Capital
$1.33 Bn
6.67
+0.15%
-5.92%
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.
PICS
2nd
PicS
$1.33 Bn
10.27
+0.49%
—
The company originates and services a significant portfolio of consumer credit products, including credit cards, personal loans, and payroll loans for individual consumers.
HBT
2nd
HBT Financial
$1.33 Bn
36.50
-1.19%
+45.36%
The company engages in residential mortgage origination and servicing, generating revenue from mortgage servicing rights and interest on residential mortgage loans.
WD
Walker & Dunlop
$1.32 Bn
39.78
-2.19%
-52.68%
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.
DFH
2nd
Dream Finders Homes
$1.31 Bn
14.34
-5.41%
-48.90%
The company operates a mortgage banking business through Jet HomeLoans, which provides conforming and non-conforming loan products to homebuyers.
MSDL
Morgan Stanley Direct Lending Fund
$1.30 Bn
15.40
+0.13%
-13.58%
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.
LADR
Ladder Capital
$1.30 Bn
9.92
+0.51%
-11.11%
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.
CICB
CION Investment
$1.23 Bn
25.05
+0.44%
-1.61%
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.
WLFC
2nd
Willis Lease Finance
$1.21 Bn
57.46
-1.66%
-62.87%
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.
MMI
2nd
Marcus & Millichap
$1.20 Bn
31.60
+1.90%
+3.17%
The company provides financing services and collects fees from loan placement and related capital markets activities for its clients.
SCCD
Sachem Capital
$1.20 Bn
24.92
+0.08%
+5.37%
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.
GOLD
2nd
Gold.com
$1.19 Bn
41.84
-7.84%
+77.36%
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.
AMTB
2nd
Amerant Bancorp
$1.15 Bn
29.23
+0.55%
+45.50%
The company earns fee-based revenue from mortgage origination and servicing as part of its credit suite.
OCSL
Oaktree Specialty Lending
$1.14 Bn
12.94
+0.70%
-5.27%
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.
FRBP
Franklin BSP Capital
$1.14 Bn
8.51
+0.00%
-16.98%
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.
GOODN
2nd
Gladstone Commercial
$1.13 Bn
23.42
-0.76%
+5.88%
The company generates supplemental rental income through interest income from mortgage loans held via its subsidiary, Gladstone Commercial Lending LLC.
UPBD
Upbound
$1.12 Bn
19.17
-1.29%
-20.12%
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.
GSBD
Goldman Sachs BDC
$1.10 Bn
9.80
+0.10%
-12.19%
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.
KREF-PA
KKR Real Estate Finance Trust
$1.07 Bn
18.25
-0.16%
-11.67%
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.
RWAYL
Runway Growth Finance
$1.06 Bn
25.11
-0.08%
-0.12%
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.
CMRF
Cim
$1.05 Bn
2.41
+14.76%
—
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.
ESQ
2nd
Esquire Financial Holdings
$1.05 Bn
121.67
-1.95%
+25.46%
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.
MBWM
2nd
Mercantile Bank
$1.05 Bn
60.87
-0.44%
+30.12%
The company serves mortgage borrowers and earns income from loan-related services such as origination and processing fees for residential and commercial mortgage loans.
MCBS
2nd
MetroCity Bankshares
$1.04 Bn
36.01
-0.41%
+26.57%
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.
CCNE
2nd
Cnb Financial
$1.03 Bn
34.82
-0.09%
+39.39%
The company owns Holiday Financial Services Corporation, a non-bank subsidiary that generates revenue through interest on consumer loans.
GAINI
Gladstone Investment Corporation\De
$1.02 Bn
25.49
+0.00%
-0.31%
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.
FMCB
2nd
Farmers & Merchants Bancorp
$1.01 Bn
1,455.00
-0.61%
+39.77%
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.
FSBC
2nd
Five Star Bancorp
$1.00 Bn
46.57
-0.62%
+49.65%
The company has a material lending business focused on residential real estate and construction loans, as well as commercial real estate and land loans.
NBBK
2nd
NB Bancorp
$1.00 Bn
22.74
-0.74%
+25.43%
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.
BBDC
Barings BDC
$0.98 Bn
9.40
+0.00%
-2.89%
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.
CPF
2nd
Central Pacific Financial
$0.98 Bn
37.94
-1.15%
+33.83%
The company originates residential mortgages and home equity loans, and specifically sells a portion of its 1st mortgage originations to the secondary market.
TRST
2nd
Trustco Bank Corp N Y
$0.98 Bn
57.34
+0.95%
+61.79%
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.
THFF
2nd
First Financial
$0.97 Bn
81.72
+0.13%
+47.22%
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.
HAFC
2nd
Hanmi Financial
$0.95 Bn
32.06
-0.43%
+34.65%
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.
VMET
Versamet Royalties
$0.93 Bn
9.99
-3.20%
—
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.
LANDO
2nd
Gladstone Land
$0.92 Bn
21.42
-1.06%
+11.10%
The company generates additional income by providing senior secured mortgage loans to farmers for land purchases and related needs.
BUR
Burford Capital
$0.91 Bn
4.14
-2.82%
-69.58%
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.
MTA
Metalla Royalty & Streaming
$0.91 Bn
9.75
-2.30%
+124.14%
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.
CHMI-PB
Cherry Hill Mortgage Investment
$0.90 Bn
24.37
-0.08%
+0.99%
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.
SMBK
2nd
Smartfinancial
$0.89 Bn
52.01
+0.19%
+48.98%
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.
CCBG
2nd
Capital City Bank
$0.89 Bn
51.97
+0.00%
+27.85%
The company operates a dedicated mortgage subsidiary, Capital City Home Loans, with 28 offices focused on residential real estate lending and origination.
KBDC
Kayne Anderson BDC
$0.88 Bn
13.34
+0.15%
-12.01%
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.
ARI
Apollo Commercial Real Estate Finance
$0.88 Bn
6.84
+0.15%
-31.80%
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.
GSBC
2nd
Great Southern Bancorp
$0.87 Bn
79.92
-0.58%
+33.89%
The company has a dedicated mortgage lending office in Springfield, Missouri, and generates significant revenue from residential mortgages and home equity loans.
EGBN
2nd
Eagle Bancorp
$0.87 Bn
28.45
-0.35%
+56.49%
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.
LFT-PA
Lument Finance Trust
$0.86 Bn
16.41
-1.91%
-23.60%
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.
HBIA
2nd
Hills Bancorporation
$0.85 Bn
49.00
+3.16%
-34.67%
The company generates revenue from mortgage loan originations that are sold on the secondary market.
SPFI
2nd
South Plains Financial
$0.85 Bn
45.20
-0.33%
+15.39%
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.
GPMT-PA
Granite Point Mortgage Trust
$0.82 Bn
17.10
-0.29%
-14.59%
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.
PGC
2nd
Peapack Gladstone Financial
$0.82 Bn
46.36
-0.75%
+72.92%
The company operates a specific Residential Lending segment focused on originating residential mortgage loans and home equity lines of credit.
CTO
2nd
CTO Realty Growth
$0.82 Bn
21.88
-0.18%
+33.25%
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.
MITT-PC
TPG Mortgage Investment Trust
$0.81 Bn
25.58
+0.63%
+0.71%
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.
HOV
2nd
Hovnanian Enterprises
$0.80 Bn
124.03
-5.11%
-19.09%
The company operates a financial services segment that generates income by originating mortgage loans for homebuyers.
HTB
2nd
HomeTrust Bancshares
$0.80 Bn
47.55
-0.59%
+20.84%
The company provides specialized non-bank financing through equipment finance leases and municipal leases, which are distinct from its traditional deposit-funded loan products.
SHBI
2nd
Shore Bancshares
$0.79 Bn
23.66
+0.08%
+48.62%
The bank engages in mortgage lending and earns income from the sale of mortgage loans.
IBCP
2nd
Independent Bank
$0.78 Bn
38.08
-0.78%
+21.35%
The company engages in mortgage banking activities, specifically residential mortgages, loan origination, and loan sales, which generate non-interest income.
BCSF
Bain Capital Specialty Finance
$0.78 Bn
12.06
+0.00%
-20.81%
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.
CGBD
Carlyle Secured Lending
$0.78 Bn
11.21
-0.44%
-17.15%
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.
WASH
2nd
Washington Trust Bancorp
$0.77 Bn
40.15
-0.17%
+40.83%
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.
TCBX
2nd
Third Coast Bancshares
$0.76 Bn
45.72
-0.13%
+18.45%
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.
CCB
2nd
Coastal Financial
$0.76 Bn
49.54
+1.23%
-53.24%
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.
NEWTG
2nd
NewtekOne
$0.74 Bn
25.68
+0.12%
+2.76%
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.
FDUS
Fidus Investment
$0.74 Bn
19.51
+0.15%
-7.84%
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.
PRAA
Pra
$0.74 Bn
19.65
-2.87%
+20.48%
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.
NFTN
NFiniTi
$0.72 Bn
6.00
+0.00%
+252.94%
The company is a development-stage entity with no active operations, products, or customers. In the absence of any specific business activity described in the profile, F-06 (Specialty Finance) is selected as the closest available placeholder within the Financial Services sector, although the company currently generates no revenue.
GROY
Gold Royalty
$0.72 Bn
3.13
-1.88%
+2.29%
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.
PFIS
2nd
Peoples Financial Services
$0.71 Bn
71.28
-0.18%
+42.70%
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.
CWBC
2nd
Community West Bancshares
$0.71 Bn
26.15
+0.65%
+30.29%
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.
VEL
Velocity Financial
$0.71 Bn
18.01
+0.50%
-4.35%
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.
CARE
2nd
Carter Bankshares
$0.70 Bn
31.53
-1.56%
+71.83%
The company provides residential mortgages and earns specific revenue from gains on the sale of mortgage loans.
BCAL
2nd
California BanCorp \ CA
$0.69 Bn
21.64
+1.07%
+35.25%
The company has a significant concentration in mortgage-related lending, with commercial real estate loans representing 60.0% of its total loan portfolio.
SLRC
SLR Investment
$0.69 Bn
12.65
-0.16%
-23.19%
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.
BHB
2nd
Bar Harbor Bankshares
$0.68 Bn
40.62
-0.12%
+31.80%
The bank originates residential mortgages with the intent to sell them in the secondary mortgage market, generating specific fee income from these sales.
LEGH
2nd
Legacy Housing
$0.67 Bn
28.23
-2.99%
+6.01%
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.
TIPT
2nd
Tiptree
$0.67 Bn
17.68
-0.62%
-20.18%
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.
NSLRL
Neostellar Capital
$0.67 Bn
25.22
+0.08%
+0.96%
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.
HTT
High Templar Tech
$0.66 Bn
2.48
-1.20%
-50.60%
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.
ACNB
2nd
Acnb
$0.65 Bn
64.19
-0.28%
+45.52%
The company provides dedicated mortgage lending services through its Traditions Mortgage subsidiary.
CWH
2nd
Camping World Holdings
$0.65 Bn
6.30
+1.61%
-63.03%
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.
AROW
2nd
Arrow Financial
$0.64 Bn
38.98
+0.31%
+40.17%
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.
NFBK
2nd
Northfield Bancorp
$0.64 Bn
15.31
+0.00%
+39.18%
The company has a significant mortgage lending operation, providing one to four family residential loans and home equity lines of credit to homeowners.
BWB
2nd
Bridgewater Bancshares
$0.62 Bn
22.35
+0.09%
+41.59%
The company has a significant concentration in mortgage-related activities, specifically multifamily financing, affordable housing projects, and commercial real estate loans for developers.
BRSP
BrightSpire Capital
$0.61 Bn
4.86
+0.00%
-12.27%
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.
UNTY
2nd
Unity Bancorp
$0.61 Bn
60.17
-1.15%
+23.07%
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.
SFST
2nd
Southern First Bancshares
$0.61 Bn
64.22
-0.20%
+53.86%
The company operates a dedicated loan production office called the Dream Mortgage Center, which focuses specifically on mortgage lending activities.
NCDL
Nuveen Churchill Direct Lending
$0.61 Bn
12.29
+0.57%
-23.71%
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.
MBNKO
2nd
Medallion Financial
$0.60 Bn
25.89
+0.47%
+1.65%
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.
NPB
2nd
Northpointe Bancshares
$0.60 Bn
17.39
+0.35%
+7.08%
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.
NRIM
2nd
Northrim Bancorp
$0.60 Bn
26.77
-0.45%
+21.32%
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.
UROY
Uranium Royalty
$0.59 Bn
4.04
-2.88%
+42.25%
The company operates as a non-bank financing entity in a specialized niche, providing capital to uranium firms in exchange for royalty streams and off-take agreements. Its revenue model is based on interest, dividends, and royalty payments from these private credit and equity investments rather than operating a bank or managing a pooled fund.
FBIZ
2nd
First Business Financial Services
$0.59 Bn
70.48
-0.66%
+44.01%
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.
CIVB
2nd
Civista Bancshares
$0.59 Bn
28.30
-0.21%
+42.28%
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.
GCBC
2nd
Greene County Bancorp
$0.58 Bn
34.30
+0.15%
+47.21%
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.
AOMN
Angel Oak Mortgage REIT
$0.58 Bn
25.18
-0.08%
+0.72%
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.
REAX
2nd
Real Brokerage
$0.58 Bn
2.65
+9.50%
-41.37%
The company operates One Real Mortgage, a licensed mortgage broker that originates residential mortgage loans and earns fees upon loan funding.
MSIF
Msc Income Fund
$0.56 Bn
12.42
+1.80%
-13.33%
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.
HBCP
2nd
Home Bancorp
$0.56 Bn
71.45
-0.56%
+35.14%
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.
CSV
2nd
Carriage Services
$0.54 Bn
34.26
-1.27%
-24.59%
The company earns fees from managing trust assets associated with pre-need sales, which constitutes a specialized financial service managing funds for future performance.
WHFCL
WhiteHorse Finance
$0.54 Bn
25.33
-0.04%
-0.67%
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.
BWFG
2nd
Bankwell Financial
$0.54 Bn
67.43
-0.34%
+67.24%
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.
BSRR
2nd
Sierra Bancorp
$0.53 Bn
40.65
-0.39%
+39.79%
The company provides mortgage warehouse lines of credit to mortgage lenders who fund residential mortgage loans, representing 20.3% of its gross loan portfolio.
PDLB
2nd
Ponce Financial
$0.50 Bn
20.65
-0.48%
+42.51%
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.
BSVN
2nd
Bank7
$0.50 Bn
52.02
-0.13%
+14.94%
The company has a material mortgage lending operation, providing residential real estate loans and mortgage banking services through its Retail Banking segment.
CBK
2nd
Commercial Bancgroup
$0.48 Bn
34.94
-0.34%
—
The company has a material mortgage business, specifically providing residential mortgages and home equity lines to its retail clients.
OPFI
OppFi
$0.47 Bn
7.01
+0.00%
-33.87%
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.
NREF-PA
NexPoint Real Estate Finance
$0.47 Bn
24.84
+2.10%
+6.93%
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.
RBB
2nd
RBB Bancorp
$0.46 Bn
27.25
-0.26%
+40.17%
The company has a significant mortgage lending operation, with single family residential mortgages representing approximately 50.0% of its total loan portfolio.
GEMI
2nd
Gemini Space Station
$0.46 Bn
3.54
-1.94%
—
The company offers a credit card program and spot margin trading, generating revenue from interchange fees and interest income on credit extended to users.
AVBC
2nd
Avidia Bancorp
$0.44 Bn
22.14
-1.25%
+51.64%
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.
PINE-PA
2nd
Alpine Income Property Trust
$0.44 Bn
25.23
+0.00%
—
The company operates a 'commercial loans and investments' segment that originates and acquires commercial loans, mortgage notes, and construction loans secured by real estate.
DIN
2nd
Dine Brands Global
$0.44 Bn
34.90
-0.14%
+61.65%
The company has a dedicated financing operations segment that earns interest on notes receivable from franchisees and interest on equipment leases.
GLAD
Gladstone Capital
$0.44 Bn
19.46
-0.05%
-27.74%
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.
PLBC
2nd
Plumas Bancorp
$0.43 Bn
61.94
-0.86%
+50.30%
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.
ISTR
2nd
Investar Holding
$0.43 Bn
30.85
-0.19%
+38.53%
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.
XYF
2nd
X Financial
$0.42 Bn
5.35
+1.33%
-58.40%
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.
PKBK
2nd
Parke Bancorp
$0.41 Bn
35.07
+0.49%
+64.34%
The company has a material lending activity in residential mortgages and construction loans, serving residential home builders and property owners.
SAZ
Saratoga Investment
$0.41 Bn
25.22
+0.12%
-0.36%
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.
FRST
2nd
Primis Financial
$0.41 Bn
16.53
-0.66%
+50.27%
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.
PCB
2nd
Pcb Bancorp
$0.40 Bn
28.64
+1.99%
+32.72%
The company has a significant mortgage-related activity, with commercial real estate loans representing 67.5% of its $2.82 billion loan portfolio.
MVBF
2nd
Mvb Financial
$0.40 Bn
30.91
+0.72%
+34.86%
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.
CCAP
Crescent Capital BDC
$0.40 Bn
10.82
+0.00%
-28.68%
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.
LSAK
Lesaka Technologies
$0.39 Bn
4.66
-2.31%
-1.89%
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.
TPTS
Terra Property Trust
$0.39 Bn
15.93
-3.10%
—
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.
WSBF
2nd
Waterstone Financial
$0.38 Bn
21.18
+0.38%
+49.26%
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.
NWFL
2nd
Norwood Financial
$0.37 Bn
34.37
+0.82%
+37.54%
The company has a material residential mortgage business, originating and holding residential loans as part of its lending activities for individual consumers.
ALUB-UN
Alussa Energy Acquisition
$0.37 Bn
10.23
+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.
TSBK
2nd
Timberland Bancorp
$0.36 Bn
46.81
+2.05%
+44.56%
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.
RVRF
2nd
River Financial
$0.36 Bn
46.00
+0.00%
+32.37%
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.
AVBH
2nd
Avidbank Holdings
$0.36 Bn
32.70
+0.15%
+35.12%
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.
GECCI
Great Elm Capital
$0.35 Bn
25.32
+0.00%
-1.25%
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.
TCPC
BlackRock TCP Capital
$0.34 Bn
4.08
+0.00%
-42.21%
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.
OPRT
Oportun Financial
$0.34 Bn
7.42
-1.33%
+23.46%
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.
OFSSO
OFS Capital
$0.34 Bn
25.43
+1.11%
+0.91%
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.
FVCB
2nd
FVCBankcorp
$0.34 Bn
18.86
+0.64%
+46.88%
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.
BCML
2nd
BayCom
$0.34 Bn
31.10
+1.63%
+10.24%
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.
COSO
2nd
CoastalSouth Bancshares
$0.33 Bn
27.80
+0.18%
+31.38%
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
$0.32 Bn
22.96
-0.56%
+20.46%
The bank has a material lending activity in residential mortgages and commercial construction and development loans as part of its loan portfolio.
SNDL
2nd
Sndl
$0.32 Bn
1.23
+0.00%
-43.06%
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.
FCCO
2nd
First Community
$0.32 Bn
34.45
-0.72%
+33.53%
The company explicitly provides mortgage origination services and earns interest income from mortgage loans as a material part of its lending portfolio.
FSBW
2nd
FS Bancorp
$0.32 Bn
43.21
+0.79%
+6.77%
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.
RM
Regional Management
$0.32 Bn
33.94
+1.07%
-10.14%
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.
TCI
2nd
Transcontinental Realty Investors
$0.32 Bn
36.65
+3.50%
-21.39%
The company invests in mortgage notes receivable and earns interest income from these assets, which constitutes a mortgage lending activity.
PSBD
Palmer Square Capital BDC
$0.32 Bn
10.28
+1.08%
-26.78%
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.
MYFW
2nd
First Western Financial
$0.31 Bn
32.17
+1.74%
+49.56%
The company explicitly lists the origination and sale of mortgage loans as a source of its non-interest income.
ONIT
Onity
$0.31 Bn
37.21
-3.05%
-6.06%
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).
CBNA
2nd
Chain Bridge Bancorp
$0.31 Bn
46.89
+0.13%
+72.01%
The company provides residential mortgage financing and earns interest income from residential mortgages held on its books.
SWKHL
SWK Holdings
$0.31 Bn
25.41
-0.08%
-1.40%
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.
BPRN
2nd
Princeton Bancorp
$0.31 Bn
43.16
+0.94%
+32.76%
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.
GBFH
2nd
GBank Financial Holdings
$0.31 Bn
21.15
-0.28%
-44.21%
The company operates a credit card business, specifically the GBank Visa Signature® card, and generates interchange revenue from these consumer credit products.
FGBIP
2nd
First Guaranty Bancshares
$0.30 Bn
19.01
-0.58%
-0.47%
The company has a material lending business focused on residential mortgages and multifamily properties, which are listed as key components of its loan portfolio.
LDI
loanDepot
$0.29 Bn
0.86
-2.27%
-54.26%
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.
RMAX
2nd
Re
$0.29 Bn
13.62
+6.41%
+52.69%
The company operates a mortgage brokerage franchising business under the Motto brand and provides mortgage loan processing services through the wemlo brand, serving mortgage loan originators.
FNRN
2nd
First Northern Community Bancorp
$0.29 Bn
17.55
+0.00%
+60.13%
The company operates a dedicated residential mortgage loan office and generates a significant portion of its interest income from loans, which includes residential mortgages.
CFFI
2nd
C & F Financial
$0.28 Bn
87.62
+1.93%
+29.88%
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.
ORBS
Eightco Holdings
$0.28 Bn
0.66
-2.94%
-57.14%
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.
CFTR-PA
2nd
Cantor Fitzgerald Income Trust
$0.27 Bn
25.16
-0.67%
—
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.
ACRE
Ares Commercial Real Estate
$0.26 Bn
4.64
+0.43%
+5.94%
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.
FBLA
2nd
FB Bancorp
$0.25 Bn
15.75
+1.42%
+36.72%
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.
BETR
Better Home & Finance Holding
$0.25 Bn
13.05
-3.62%
-25.04%
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.
SCM
Stellus Capital Investment
$0.25 Bn
8.59
+0.23%
-40.92%
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.
CFBK
2nd
Cf Bankshares
$0.25 Bn
35.70
-0.61%
+45.24%
The company provides mortgage lending services and generates revenue from the origination and sale of residential and commercial real estate mortgages.
TROO
Troops
$0.24 Bn
1.97
-1.50%
+131.76%
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.
CMTG
Claros Mortgage Trust
$0.24 Bn
1.70
-2.86%
-49.40%
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.
PNNT
Pennantpark Investment
$0.24 Bn
3.67
+1.66%
-48.46%
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.
MRBK
2nd
Meridian
$0.24 Bn
20.02
-0.05%
+34.45%
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.
HQI
2nd
HireQuest
$0.23 Bn
16.72
+3.53%
+80.95%
The company earns income from financing franchisee working capital needs through the purchase of accounts receivable, which constitutes a specialty finance activity.
OPBK
2nd
OP Bancorp
$0.23 Bn
15.55
+0.13%
+13.59%
The company has a material mortgage lending operation, with home mortgage loans representing 27% of its gross loan portfolio.
TPVG
TriplePoint Venture Growth BDC
$0.22 Bn
5.52
+0.55%
-9.06%
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.
REFI
Chicago Atlantic Real Estate Finance
$0.22 Bn
10.37
+0.97%
-25.82%
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.
LIEN
Chicago Atlantic BDC
$0.22 Bn
9.62
+1.48%
-12.31%
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.
QNBC
2nd
Qnb
$0.22 Bn
43.51
+0.02%
+24.35%
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.
FCAP
2nd
First Capital
$0.21 Bn
63.91
+0.35%
+73.43%
The bank subsidiary provides residential mortgages to retail consumers as a material part of its loan product offering.
CZWI
2nd
Citizens Community Bancorp
$0.20 Bn
21.17
+1.20%
+33.82%
The company has a material mortgage lending operation, providing residential mortgage loans and home equity lines of credit to individual consumers.
SNFCA
2nd
Security National Financial
$0.20 Bn
8.57
-0.35%
+1.42%
The company has a mortgage segment that originates, underwrites, and purchases residential and commercial mortgage loans, earning revenue from interest income and origination fees.
ICR-PA
InPoint Commercial Real Estate Income
$0.20 Bn
23.30
+0.00%
+20.29%
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.
CPSS
Consumer Portfolio Services
$0.20 Bn
9.16
-0.33%
+9.83%
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.
ORMP
2nd
Oramed Pharmaceuticals
$0.20 Bn
4.78
+4.60%
+129.81%
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.
HNVR
2nd
Hanover Bancorp
$0.20 Bn
27.74
+1.24%
+30.60%
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.
RPT-PC
2nd
Rithm Property Trust
$0.20 Bn
25.17
+0.28%
+0.96%
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.
STRW
2nd
Strawberry Fields REIT
$0.19 Bn
13.81
+1.54%
+22.00%
The company occasionally extends loans to healthcare operators, which constitutes a non-bank commercial lending activity in a specialized niche.
FINW
2nd
Finwise Bancorp
$0.19 Bn
14.03
+2.33%
-23.96%
The company maintains a diversified loan portfolio that specifically includes residential and commercial real estate mortgages.
CBFV
2nd
CB Financial Services
$0.19 Bn
37.24
-0.21%
+16.85%
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.
CSBB
2nd
CSB Bancorp
$0.19 Bn
72.01
-3.32%
+60.02%
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.
EBMT
2nd
Eagle Bancorp Montana
$0.19 Bn
23.53
+0.99%
+41.32%
The company provides residential mortgages and home equity loans to retail consumers and earns noninterest income from mortgage banking gains and loan servicing fees.
BVFL
2nd
BV Financial
$0.19 Bn
21.88
+2.43%
+34.48%
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.
ECBK
2nd
ECB Bancorp
$0.18 Bn
20.74
+0.48%
+25.54%
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.
MNSB
2nd
MainStreet Bancshares
$0.18 Bn
25.35
+3.01%
+18.96%
The company operates MainStreet Community Capital LLC, which provides specialized financing and investments in low-income communities and distressed areas to spur economic development.
ACR-PC
ACRES Commercial Realty
$0.18 Bn
23.80
+0.55%
-6.11%
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.
SEVN
Seven Hills Realty Trust
$0.17 Bn
7.63
-0.26%
-27.33%
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.
DOUG
2nd
Douglas Elliman
$0.17 Bn
1.88
-4.08%
-24.80%
Through Elliman Capital, the company offers a wide range of mortgage products, including conventional, jumbo, and construction loans, earning revenue from mortgage origination fees.
RMBI
2nd
Richmond Mutual Bancorporation
$0.17 Bn
16.01
+0.95%
+13.87%
The bank originates first mortgages on owner-occupied residences and earns revenue from the sale of residential mortgage loans in the secondary market.
OPHC
2nd
OptimumBank Holdings
$0.17 Bn
10.05
-0.59%
+135.92%
The company has a material lending focus on residential real estate and multifamily properties, which are core components of its loan portfolio.
SRBK
2nd
SR Bancorp
$0.16 Bn
20.23
+0.95%
+40.49%
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.
BCBP
2nd
Bcb Bancorp
$0.16 Bn
8.92
-0.22%
+4.08%
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.
GHI
Greystone Housing Impact Investors
$0.16 Bn
6.61
+12.22%
-39.41%
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.
BSBR
2nd
Banco Santander (Brasil)
$0.15 Bn
5.60
-2.10%
+11.11%
The bank provides real estate financing and loans as part of its retail banking offerings within the Commercial Banking segment.
HFBL
2nd
Home Federal Bancorp, Inc. of Louisiana
$0.15 Bn
24.20
+0.00%
+81.82%
The bank specifically offers residential and commercial lending products, serving home buyers and real estate investors as a material part of its loan portfolio.
FMBM
2nd
F&M Bank
$0.14 Bn
39.96
-0.03%
+71.13%
The bank originates conventional and government agency sponsored mortgages for sale in the secondary market and holds a large portfolio of residential mortgages.
AFBI
2nd
Affinity Bancshares
$0.14 Bn
23.00
+0.00%
+21.44%
The company has a material business line in residential mortgage loans and construction and land loans, which are key components of its loan portfolio.
BOTJ
2nd
Bank Of The James Financial
$0.12 Bn
27.50
-0.83%
+96.57%
The company operates a dedicated mortgage division that originates conforming and non-conforming home loans and earns revenue from loan origination and underwriting fees.
PNBK
2nd
Patriot National Bancorp
$0.12 Bn
1.05
-2.78%
-33.12%
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.
JFIN
2nd
Jiayin
$0.12 Bn
2.33
+4.95%
-82.10%
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.
UNB
2nd
Union Bankshares
$0.12 Bn
24.15
-1.11%
-9.89%
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.
STHO
2nd
Star Holdings
$0.11 Bn
9.44
+0.75%
+16.40%
The company maintains a portfolio of loans and lending investments, earning interest income from loan receivables and debt securities.
PROV
2nd
Provident Financial Holdings
$0.11 Bn
17.91
-0.22%
+17.37%
The company earns revenue through loan servicing fees for loans sold to investors and originates a diversified mix of residential and commercial mortgage loans.
TOP
2nd
TOP Financial
$0.11 Bn
12.46
+9.59%
+974.14%
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.
FNWB
2nd
First Northwest Bancorp
$0.11 Bn
11.40
+0.00%
+39.36%
The company generates mortgage banking income and serves residential homeowners seeking mortgages, indicating a material mortgage lending activity.
YRD
Yiren Digital
$0.10 Bn
1.18
+0.00%
-80.59%
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.
CTRM
2nd
Castor Maritime
$0.10 Bn
2.31
-0.86%
+7.44%
The company earns revenue from structuring and placement fees for investment solutions and capital-raising fees tied to vessel transactions and financing activities.
UWHR
2nd
Uwharrie Capital
$0.10 Bn
13.81
-6.18%
+52.09%
The company operates a mortgage brokerage subsidiary that earns fees for loan origination, processing, and underwriting services for residential and commercial mortgages.
BCIC
BCP Investment
$0.09 Bn
7.66
+0.39%
-37.21%
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.
FUSB
2nd
First Us Bancshares
$0.09 Bn
16.72
+1.39%
+43.27%
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.
AUBN
2nd
Auburn National Bancorporation
$0.09 Bn
26.26
+0.00%
+3.96%
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.
PFX
PhenixFIN
$0.09 Bn
46.90
+1.67%
-4.34%
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.
SRL
2nd
Scully Royalty
$0.09 Bn
5.90
+0.00%
+13.46%
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.
CPBI
2nd
Central Plains Bancshares
$0.09 Bn
20.99
+0.29%
+35.68%
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.
UBCP
2nd
United Bancorp
$0.09 Bn
15.30
+0.13%
+7.37%
The company explicitly lists residential mortgage lending as one of its core activities and generates fee income from mortgage banking.
MGTE
Marblegate Capital
$0.09 Bn
1.18
-11.28%
-40.40%
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.
IOR
Income Opportunity Realty Investors
$0.08 Bn
20.02
+1.62%
+7.17%
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.
EMPD
2nd
Empery Digital
$0.08 Bn
2.80
+0.00%
-61.27%
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.
AFCG
Advanced Flower Capital
$0.08 Bn
3.44
-0.86%
-13.13%
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.
NSTS
2nd
NSTS Bancorp
$0.07 Bn
13.90
+0.07%
+15.83%
The company generates supplemental revenue from selling loans that meet secondary market standards into the secondary market and collects fees for loan origination.
UHG
2nd
United Homes
$0.07 Bn
1.22
+0.00%
-39.30%
The company operates a mortgage joint venture, Homeowners Mortgage LLC, which provides financing to home purchasers and generates fees and interest revenue.
SUIG
SUI Group Holdings
$0.07 Bn
0.85
+3.66%
-87.63%
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.
TCBS
2nd
Texas Community Bancshares
$0.05 Bn
17.41
+0.00%
+9.77%
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.
VRM
Vroom
$0.05 Bn
9.42
-2.48%
-66.95%
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.
NXB
2nd
NextBoat
$0.05 Bn
1.91
-1.04%
—
Through its subsidiary Azure Funding, the company provides financing solutions, including traditional boat loans and short-term lending, earning interest and brokerage fees.
LOAN
Manhattan Bridge Capital
$0.05 Bn
4.15
+0.97%
-22.57%
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.
KFFB
2nd
Kentucky First Federal Bancorp
$0.05 Bn
5.65
+3.48%
+76.56%
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.
NXDT-PA
2nd
Nexpoint Diversified Real Estate Trust
$0.04 Bn
13.15
+0.31%
-6.94%
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.
RMCO
Royalty Management Holding
$0.04 Bn
2.89
-1.03%
+81.76%
The company operates as a royalty-focused investment company that acquires and structures cash flow streams from assets, specifically generating revenue through royalty payments from coal and natural resource extraction. It competes with specialty finance firms and uses a non-bank financing model to monetize existing cash flows.
HGBL
2nd
Heritage Global
$0.04 Bn
1.20
+2.56%
-36.17%
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.
TRLC
2nd
TriLinc Global Impact Fund
$0.04 Bn
0.80
+0.00%
-18.37%
The company provides non-bank financing in specialized niches, including trade finance facilities and senior secured term loans to small and medium enterprises in emerging markets. These activities constitute a substantive business line of providing credit outside a traditional deposit-taking structure.
QNTO
2nd
Quaint Oak Bancorp
$0.04 Bn
14.25
-1.72%
+41.09%
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.
STRRP
2nd
Star Equity Holdings
$0.04 Bn
9.74
+2.53%
+7.39%
The company operates an Investments segment that manages a portfolio of public and private companies, earning dividends and interest, which aligns with specialty finance and investment holding activities.
RAND
Rand Capital
$0.03 Bn
10.15
+0.30%
-36.28%
Rand Capital Corporation 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 dividend income on its debt and equity portfolio investments in privately held lower middle market companies.
BMNM
Bimini Capital Management
$0.03 Bn
2.98
-0.67%
+148.33%
Bimini Capital Management operates as a specialty finance company that invests in agency mortgage-backed securities (MBS) through its subsidiary Royal Palm Capital, LLC. It earns revenue from interest and dividend income on these holdings, fitting the profile of a non-bank commercial lender/investor in a specialized niche.
ZLME
Zhanling International
$0.03 Bn
8.50
+0.00%
+0.00%
The company is described as a shell or 'blank check entity' with no current operations, revenue, or customers, focusing solely on evaluating potential business opportunities for acquisition. In the absence of any operational activity, it is categorized under Specialty Finance as it currently functions as a vehicle for capital deployment and business combination search.
KPLT
Katapult Holdings
$0.03 Bn
5.97
-12.72%
-57.42%
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.
BAFN
2nd
BayFirst Financial
$0.03 Bn
6.60
+8.20%
-22.54%
The company maintains a Residential Mortgage Division that offers fixed and variable rate home mortgages for purchase and refinance to customers in its local market.
PAPL
Pineapple Financial
$0.03 Bn
1.04
+0.00%
-79.49%
The company operates as a mortgage brokerage, earning approximately 95% of its gross revenue from lender partner service commissions and volume-based compensation from banks and mortgage finance companies like Bank of Nova Scotia and Manulife Bank. It facilitates the origination and funding of residential and commercial mortgages for a diverse client base of homebuyers and investors.
CRMT
2nd
Americas Carmart
$0.03 Bn
3.08
-1.91%
-93.11%
The company provides in-house financing for substantially all of its customers, particularly those with limited credit histories, and generates significant revenue from interest income on these installment contracts.
LTSV
2nd
Lightstone Value Plus REIT IV
$0.02 Bn
3.00
+0.00%
—
The company invests in and earns interest income from mortgage loans, bridge loans, and mezzanine loans as part of its real estate related investment portfolio.
ABCP
AmBase
$0.02 Bn
0.28
+12.00%
-3.45%
AmBase operates as a holding company whose primary revenue is generated from interest earned on its cash and cash equivalents holdings. Since it does not hold a banking charter or manage pooled funds for clients, it fits best under Specialty Finance as a non-bank entity managing its own balance sheet for interest income.
TXMD
2nd
TherapeuticsMD
$0.02 Bn
2.01
+0.00%
+76.32%
The company functions as a pure-play royalty holding company, earning passive income through tiered royalty payments and milestone payments from partners like Mayne Pharma. This business model of providing a specialized financial asset (IP royalties) for a fee/percentage of sales aligns with specialty finance.
NYC
2nd
American Strategic Investment
$0.02 Bn
7.02
+4.00%
-40.96%
The company earns interest income from investments in real estate debt, specifically through first mortgages, bridge loans, mezzanine loans, and securitized loans.
MSBB
2nd
Mercer Bancorp
$0.02 Bn
20.00
+5.43%
+31.15%
The company's loan portfolio specifically emphasizes residential mortgages and agricultural real estate loans, which are core activities of mortgage lending.
MMCP
Mag Mile Capital
$0.02 Bn
0.20
+0.00%
-37.50%
Mile Capital operates as a commercial real estate mortgage banking firm that earns fees from arranging bridge financing, mezzanine, and permanent debt placement. Its core revenue is derived from the successful closing of debt financings for real estate investors and developers.
ORIO
2nd
Orion Digital
$0.02 Bn
0.82
-7.87%
-52.87%
The company manages a Canadian consumer lending portfolio, providing unsecured open line of credit products to individual borrowers and generating interest income.
STQN
Strategic Acquisitions
$0.02 Bn
0.39
+0.00%
-35.00%
Strategic Acquisitions is a non-bank lender that provides loans to businesses and individuals, specifically offering digital asset backed loan services. It generates revenue from interest income and loan origination/servicing fees, fitting the profile of a specialty finance company providing credit in a niche market outside of traditional banking.
SMXT
2nd
SolarMax Technology
$0.02 Bn
3.81
-1.80%
+249.54%
Through SolarMax Financial, Inc., the company provides secured installment financing to purchasers of photovoltaic systems and earns interest income from its legacy loan portfolio.
SBMW
2nd
Security Midwest Bancorp
$0.02 Bn
17.85
+0.00%
+52.56%
The company has a material lending activity in residential real estate, with one-to-four-family residential real estate loans comprising 29.5% of its total loan portfolio.
UPYY
2nd
Upay
$0.02 Bn
0.90
+0.00%
-9.09%
Through Huntpal, the company provides financing arrangements and tailored financing plans for hunting safaris, acting as a non-bank financier in a specialized niche.
EQS
Equus Total Return
$0.02 Bn
1.11
-0.89%
-43.08%
The company explicitly states it is 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 debt securities and dividend distributions from investments in small and middle-market enterprises.
BLNE
2nd
Beeline Holdings
$0.01 Bn
0.99
+1.02%
-39.26%
The Beeline segment originates, underwrites, and funds residential mortgage loans, including conventional and non-conforming (Non-QM) loans. Revenue is derived from the net gain on sale of loans to aggregators and loan origination fees.
APHP
2nd
American Picture House
$0.01 Bn
0.12
+0.00%
-33.33%
The company operates as a joint financier providing senior recoupment or loan positions to independent film projects, applying disciplined underwriting and structured deal terms. This activity constitutes non-bank commercial lending in a specialized niche, where it earns income from priority distributions of project receipts.