NMI Holdings NMIH Peer Comparison

NASDAQ NMIH
$44.17 -0.25 (-0.56%)
As of: Sep 10, 2026 · 3:59 PM EDT
Peer Comparison

300 Comparable Companies

Industry Property and Casualty Insurance

NMI Holdings, Inc. (NMIH) is the 117th largest of 300 Property and Casualty Insurance companies by market capitalisation, at 3.34 Bn, behind National Health Investors Inc at 3.40 Bn. It trades on a P/E of 8.46, 30% below the peer median of 12.14. The table below compares all 300 on 8 financial metrics.

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# Ticker Company match industry_code industry_group industry_group_code Market Capitalization P/E P/S Enterprise Value
1 CB Chubb Ltd primary F-13 Insurance FG-04 131.13 Bn 11.39 2.12 117.36 Bn
2 PGR Progressive Corp/Oh/ primary F-13 Insurance FG-04 125.86 Bn 10.76 1.38 120.86 Bn
3 TRV Travelers Companies, Inc. primary F-13 Insurance FG-04 77.43 Bn 9.32 1.58 53.67 Bn
4 ALL Allstate Corp primary F-13 Insurance FG-04 64.54 Bn 4.89 0.92 25.81 Bn
5 AFL Aflac Inc primary F-13 Insurance FG-04 57.68 Bn 12.45 3.19 -45.32 Bn
6 AIG American International Group, Inc. primary F-13 Insurance FG-04 39.77 Bn 13.41 1.49 1.95 Bn
7 HIG Hartford Insurance Group, Inc. primary F-13 Insurance FG-04 37.34 Bn 8.59 1.28 21.02 Bn
8 CINF Cincinnati Financial Corp primary F-13 Insurance FG-04 26.13 Bn 8.05 1.87 24.24 Bn
9 L Loews Corp primary F-13 Insurance FG-04 22.38 Bn 12.51 1.20 0.08 Bn
10 MKL Markel Group Inc. primary F-13 Insurance FG-04 22.34 Bn 9.74 1.44 5.46 Bn
11 UNM Unum Group primary F-13 Insurance FG-04 15.06 Bn 16.50 1.13 5.51 Bn
12 AIZ Assurant, Inc. primary F-13 Insurance FG-04 13.90 Bn 13.07 1.03 11.87 Bn
13 CNA Cna Financial Corp primary F-13 Insurance FG-04 12.84 Bn 10.38 0.85 5.06 Bn
14 AFG American Financial Group Inc primary F-13 Insurance FG-04 11.75 Bn 13.46 1.42 -6.10 Bn
15 ORI Old Republic International Corp primary F-13 Insurance FG-04 9.79 Bn 8.58 1.01 9.79 Bn
16 KNSL Kinsale Capital Group, Inc. primary F-13 Insurance FG-04 8.27 Bn 14.54 4.14 7.29 Bn
17 THG Hanover Insurance Group, Inc. primary F-13 Insurance FG-04 7.83 Bn 10.40 1.15 1.59 Bn
18 AXS Axis Capital Holdings Ltd primary F-13 Insurance FG-04 7.29 Bn 6.78 1.07 6.50 Bn
19 MTG Mgic Investment Corp primary F-13 Insurance FG-04 6.48 Bn 9.15 5.42 6.26 Bn
20 ESNT Essent Group Ltd. primary F-13 Insurance FG-04 6.20 Bn 9.11 4.69 6.20 Bn
21 WRB-PH Berkley W R Corp primary F-13 Insurance FG-04 5.98 Bn 3.09 0.40 1.87 Bn
22 MCY Mercury General Corp primary F-13 Insurance FG-04 5.68 Bn 6.06 0.89 -16.20 Bn
23 FTDR Frontdoor, Inc. primary F-13 Insurance FG-04 5.56 Bn 20.37 2.59 4.93 Bn
24 RLI Rli Corp primary F-13 Insurance FG-04 5.55 Bn 12.66 2.81 -0.28 Bn
25 SIGI Selective Insurance Group Inc primary F-13 Insurance FG-04 5.40 Bn 11.05 0.99 3.30 Bn
26 WTM White Mountains Insurance Group Ltd primary F-13 Insurance FG-04 5.07 Bn 4.29 1.32 -6.35 Bn
27 RDN Radian Group Inc primary F-13 Insurance FG-04 4.91 Bn 9.15 2.98 4.16 Bn
28 ARX Accelerant Holdings primary F-13 Insurance FG-04 4.33 Bn -3.17 3.78 2.68 Bn
29 GNW Genworth Financial Inc primary F-13 Insurance FG-04 3.98 Bn 11.63 0.54 1.99 Bn
30 LMND Lemonade, Inc. primary F-13 Insurance FG-04 3.83 Bn -27.65 3.92 3.44 Bn
31 PLMR Palomar Holdings, Inc. primary F-13 Insurance FG-04 3.50 Bn 17.23 3.21 3.39 Bn
32 HG Hamilton Insurance Group, Ltd. primary F-13 Insurance FG-04 3.46 Bn 4.01 1.16 -0.73 Bn
33 NMIH NMI Holdings, Inc. primary F-13 Insurance FG-04 3.34 Bn 8.46 4.58 3.27 Bn
34 AGO Assured Guaranty Ltd primary F-13 Insurance FG-04 3.24 Bn 8.46 3.45 -0.56 Bn
35 SLDE Slide Insurance Holdings, Inc. primary F-13 Insurance FG-04 2.84 Bn 5.11 2.04 1.60 Bn
36 PLGO Pelagos Insurance Capital Ltd primary F-13 Insurance FG-04 2.67 Bn 5.14 1.06 3.95 Bn
37 SKWD Skyward Specialty Insurance Group, Inc. primary F-13 Insurance FG-04 2.51 Bn 13.35 1.45 1.90 Bn
38 HCI HCI Group, Inc. primary F-13 Insurance FG-04 2.29 Bn 6.69 2.40 1.35 Bn
39 HMN Horace Mann Educators Corp /De/ primary F-13 Insurance FG-04 2.03 Bn 11.42 1.16 -3.79 Bn
40 PRCH Porch Group, Inc. primary F-13 Insurance FG-04 1.81 Bn -203.40 3.48 1.61 Bn
41 SAFT Safety Insurance Group Inc primary F-13 Insurance FG-04 1.51 Bn 22.62 1.17 1.24 Bn
42 KMPB KEMPER Corp primary F-13 Insurance FG-04 1.44 Bn -2.86 0.32 0.15 Bn
43 UFCS United Fire Group Inc primary F-13 Insurance FG-04 1.40 Bn 9.96 0.95 1.26 Bn
44 ASIC Ategrity Specialty Insurance Co Holdings primary F-13 Insurance FG-04 1.31 Bn 11.46 2.54 1.05 Bn
45 UVE Universal Insurance Holdings, Inc. primary F-13 Insurance FG-04 1.22 Bn 5.55 0.75 0.58 Bn
46 IGIC International General Insurance Holdings Ltd. primary F-13 Insurance FG-04 1.12 Bn 9.98 2.14 0.89 Bn
47 BOW Bowhead Specialty Holdings Inc. primary F-13 Insurance FG-04 1.11 Bn 17.82 1.80 0.97 Bn
48 TRUP Trupanion, Inc. primary F-13 Insurance FG-04 1.09 Bn 47.08 0.72 0.69 Bn
49 HRTG Heritage Insurance Holdings, Inc. primary F-13 Insurance FG-04 1.03 Bn 4.81 1.21 0.32 Bn
50 DGICB Donegal Group Inc primary F-13 Insurance FG-04 0.91 Bn 14.83 0.94 0.88 Bn
51 EIG Employers Holdings, Inc. primary F-13 Insurance FG-04 0.90 Bn 117.80 1.07 0.61 Bn
52 HIPO Hippo Holdings Inc. primary F-13 Insurance FG-04 0.84 Bn 6.90 1.65 0.53 Bn
53 ROOT Root, Inc. primary F-13 Insurance FG-04 0.83 Bn 14.30 0.53 0.31 Bn
54 BRK-B Berkshire Hathaway Inc primary F-13 Insurance FG-04 0.73 Bn 0.01 0.00 -326.25 Bn
55 TIPT Tiptree Inc. primary F-13 Insurance FG-04 0.67 Bn — — 0.62 Bn
56 FRFFF Fairfax Financial Holdings Ltd/ Can primary F-13 Insurance FG-04 0.54 Bn 0.09 — 5.25 Bn
57 AII American Integrity Insurance Group, Inc. primary F-13 Insurance FG-04 0.50 Bn 5.19 1.55 0.20 Bn
58 AMSF Amerisafe Inc primary F-13 Insurance FG-04 0.46 Bn 9.87 1.36 0.33 Bn
59 ACIC AMERICAN COASTAL INSURANCE Corp primary F-13 Insurance FG-04 0.45 Bn 4.49 1.36 0.08 Bn
60 GBLI Global Indemnity Group, LLC primary F-13 Insurance FG-04 0.42 Bn — — 0.32 Bn
61 NODK NI Holdings, Inc. primary F-13 Insurance FG-04 0.31 Bn 40.02 1.17 -0.06 Bn
62 KINS Kingstone Companies, Inc. primary F-13 Insurance FG-04 0.28 Bn 7.89 1.17 0.26 Bn
63 MBI Mbia Inc primary F-13 Insurance FG-04 0.23 Bn -77.06 33.02 -0.12 Bn
64 OSG Octave Specialty Group Inc primary F-13 Insurance FG-04 0.23 Bn -1.38 0.70 -0.07 Bn
65 JRVR James River Group Holdings, Inc. primary F-13 Insurance FG-04 0.18 Bn 7.86 0.27 -0.02 Bn
66 PRHI Presurance Holdings, Inc. primary F-13 Insurance FG-04 0.03 Bn -2.65 0.98 -0.04 Bn
67 AAME Atlantic American Corp primary F-13 Insurance FG-04 0.03 Bn 5.55 0.13 -0.02 Bn
68 CAT Caterpillar Inc secondary I-05 Machinery IG-02 370.59 Bn 34.17 4.96 363.87 Bn
69 RY Royal Bank Of Canada secondary F-02 Banking FG-01 290.20 Bn 17.69 5.65 63.31 Bn
70 WFC Wells Fargo & Company/Mn secondary F-02 Banking FG-01 272.00 Bn 12.58 3.13 68.03 Bn
71 TD Toronto Dominion Bank secondary F-02 Banking FG-01 207.43 Bn 18.42 4.44 46.10 Bn
72 BBVA Banco Bilbao Vizcaya Argentaria, S.A. secondary F-02 Banking FG-01 165.86 Bn 12.79 — 165.86 Bn
73 LLOBF Lloyds Banking Group plc secondary F-02 Banking FG-01 119.58 Bn 16.60 3.53 119.58 Bn
74 ING Ing Groep Nv secondary F-02 Banking FG-01 109.42 Bn 9.62 3.03 33.92 Bn
75 USB Us Bancorp \De\ secondary F-02 Banking FG-01 96.95 Bn 12.43 3.28 96.95 Bn
76 UPS United Parcel Service Inc secondary I-23 Transportation IG-05 85.08 Bn 18.62 0.95 80.43 Bn
77 FNMAK Federal National Mortgage Association Fannie Mae secondary F-05 Lending and Credit FG-02 79.20 Bn 348.92 2.71 79.20 Bn
78 GGAL Grupo Financiero Galicia Sa secondary F-02 Banking FG-01 71.71 Bn 0.03 — 71.71 Bn
79 MET Metlife Inc secondary F-12 Insurance FG-04 62.16 Bn 18.07 0.78 34.84 Bn
80 FITB Fifth Third Bancorp secondary F-01 Banking FG-01 49.62 Bn 18.65 4.88 25.89 Bn
81 SHG Shinhan Financial Group Co Ltd secondary F-02 Banking FG-01 39.46 Bn 10.44 1.04 13.32 Bn
82 DHI Horton D R Inc /De/ secondary D-08 Homebuilding DG-03 38.17 Bn 12.33 1.14 36.03 Bn
83 BAMGF BROOKFIELD Corp /ON/ secondary F-11 Asset and Wealth Management FG-03 37.98 Bn 26.60 0.50 7.42 Bn
84 RKT Rocket Companies, Inc. secondary F-05 Lending and Credit FG-02 37.40 Bn 79.51 3.73 34.29 Bn
85 MTB M&T Bank Corp secondary F-01 Banking FG-01 34.88 Bn 12.14 3.50 34.88 Bn
86 BAP Credicorp Ltd secondary F-02 Banking FG-01 30.09 Bn 3.39 — 30.09 Bn
87 CFG Citizens Financial Group Inc/Ri secondary F-01 Banking FG-01 29.46 Bn 14.85 3.38 29.46 Bn
88 EXR Extra Space Storage Inc. secondary R-08 Property REITs RG-01 28.79 Bn 32.58 8.35 28.79 Bn
89 RF Regions Financial Corp secondary F-01 Banking FG-01 25.57 Bn 11.89 3.36 25.57 Bn
90 PFG Principal Financial Group Inc secondary F-09 Asset and Wealth Management FG-03 24.83 Bn 15.74 1.58 -28.13 Bn
91 KEY Keycorp /New/ secondary F-01 Banking FG-01 23.27 Bn 12.33 2.99 -24.42 Bn
92 BSBR Banco Santander (Brasil) S.A. secondary F-02 Banking FG-01 22.39 Bn — — 22.39 Bn
93 BRO Brown & Brown, Inc. secondary F-16 Insurance FG-04 22.09 Bn 18.21 3.25 21.17 Bn
94 PHM Pultegroup Inc/Mi/ secondary D-08 Homebuilding DG-03 21.99 Bn 11.54 1.34 20.62 Bn
95 LEN Lennar Corp /New/ secondary D-08 Homebuilding DG-03 18.75 Bn 9.38 0.57 16.57 Bn
96 CBSH Commerce Bancshares Inc /Mo/ secondary F-01 Banking FG-01 16.80 Bn 28.44 9.01 16.59 Bn
97 NVR Nvr Inc secondary D-08 Homebuilding DG-03 16.44 Bn 14.41 1.73 15.35 Bn
98 NLY Annaly Capital Management Inc secondary F-08 Lending and Credit FG-02 16.25 Bn 5.35 — 13.34 Bn
99 EG Everest Group, Ltd. secondary F-15 Insurance FG-04 14.40 Bn 7.53 0.86 -32.97 Bn
100 OHI Omega Healthcare Investors Inc secondary R-07 Property REITs RG-01 14.03 Bn 15.86 10.95 14.03 Bn
101 RNR Renaissancere Holdings Ltd secondary F-15 Insurance FG-04 13.52 Bn 5.20 1.21 -12.97 Bn
102 ALLY Ally Financial Inc. secondary F-02 Banking FG-01 12.99 Bn 9.78 1.50 5.15 Bn
103 WBS WEBSTER FINANCIAL CORP secondary F-01 Banking FG-01 12.57 Bn 12.52 6.92 12.57 Bn
104 TOL Toll Brothers, Inc. secondary D-08 Homebuilding DG-03 12.40 Bn 10.35 1.15 11.34 Bn
105 FHN First Horizon Corp secondary F-01 Banking FG-01 11.76 Bn 11.44 7.56 4.56 Bn
106 GLPI Gaming & Leisure Properties, Inc. secondary R-09 Property REITs RG-01 11.71 Bn 11.74 7.08 11.71 Bn
107 SSB SouthState Bank Corp secondary F-01 Banking FG-01 10.30 Bn 10.84 35.94 7.92 Bn
108 BMA Macro Bank Inc. secondary F-01 Banking FG-01 10.12 Bn 0.02 — 10.12 Bn
109 FRHC Freedom Holding Corp. secondary F-02 Banking FG-01 9.84 Bn 63.63 4.12 9.84 Bn
110 BBAR Banco BBVA Argentina S.A. secondary F-01 Banking FG-01 9.39 Bn 0.01 — -5,470.18 Bn
111 VOYA Voya Financial, Inc. secondary F-09 Asset and Wealth Management FG-03 9.32 Bn 16.44 1.14 6.97 Bn
112 CTRE CareTrust REIT, Inc. secondary R-07 Property REITs RG-01 9.07 Bn 25.56 15.87 9.07 Bn
113 COLB Columbia Banking System, Inc. secondary F-01 Banking FG-01 8.58 Bn 12.07 47.42 6.81 Bn
114 WAL Western Alliance Bancorporation secondary F-01 Banking FG-01 8.55 Bn 8.74 2.17 2.53 Bn
115 BNT Brookfield Wealth Solutions Ltd. secondary F-12 Insurance FG-04 8.52 Bn 29.38 0.72 -4.26 Bn
116 LNC Lincoln National Corp secondary F-12 Insurance FG-04 8.41 Bn 3.71 0.44 -3.27 Bn
117 REXR Rexford Industrial Realty, Inc. secondary R-04 Property REITs RG-01 8.30 Bn -20.71 8.36 8.30 Bn
118 BOKF Bok Financial Corp secondary F-01 Banking FG-01 8.11 Bn 12.48 3.56 -12.14 Bn
119 FIGR Figure Technology Solutions, Inc. secondary F-05 Lending and Credit FG-02 8.09 Bn 34.06 14.73 6.55 Bn
120 COMP Compass, Inc. secondary R-17 Real Estate Services RG-04 7.68 Bn 162.27 0.73 6.98 Bn
121 Z Zillow Group, Inc. secondary T-29 Vertical Software TG-05 7.11 Bn 129.30 2.53 6.43 Bn
122 TMHC Taylor Morrison Home Corp secondary D-08 Homebuilding DG-03 6.77 Bn 10.26 0.89 6.12 Bn
123 WBHC Wilson Bank Holding Co secondary F-01 Banking FG-01 6.76 Bn 81.18 18.92 6.75 Bn
124 UBSI United Bankshares Inc/Wv secondary F-01 Banking FG-01 6.53 Bn 12.68 164.61 4.42 Bn
125 FNB Fnb Corp/Pa/ secondary F-01 Banking FG-01 6.51 Bn 10.78 3.56 4.13 Bn
126 IFS Intercorp Financial Services Inc. secondary F-02 Banking FG-01 6.11 Bn 2.92 — 6.11 Bn
127 GBCI Glacier Bancorp, Inc. secondary F-01 Banking FG-01 5.98 Bn 19.18 5.01 -1.57 Bn
128 STWD Starwood Property Trust, Inc. secondary F-08 Lending and Credit FG-02 5.71 Bn 21.58 2.84 3.54 Bn
129 ABCB Ameris Bancorp secondary F-01 Banking FG-01 5.66 Bn 15.04 4.49 4.46 Bn
130 AUB Atlantic Union Bankshares Corp secondary F-01 Banking FG-01 5.63 Bn 11.85 3.66 4.55 Bn
131 FLG Flagstar Bank, National Association secondary F-01 Banking FG-01 5.52 Bn 368.20 2.64 5.52 Bn
132 RITM Rithm Capital Corp. secondary F-08 Lending and Credit FG-02 5.40 Bn 16.12 1.07 5.40 Bn
133 AX Axos Financial, Inc. secondary F-02 Banking FG-01 5.31 Bn 10.83 3.59 4.00 Bn
134 PFH Prudential Financial Inc secondary F-12 Insurance FG-04 5.23 Bn 1.34 0.08 -26.69 Bn
135 MRP Millrose Properties, Inc. secondary R-18 Property Developers RG-05 4.92 Bn 10.34 6.47 4.92 Bn
136 RYAN Ryan Specialty Holdings, Inc. secondary F-16 Insurance FG-04 4.85 Bn 19.97 1.51 4.71 Bn
137 TFSL TFS Financial CORP secondary F-03 Banking FG-01 4.76 Bn 46.63 13.77 4.26 Bn
138 SFBS ServisFirst Bancshares, Inc. secondary F-01 Banking FG-01 4.62 Bn 14.39 7.42 3.16 Bn
139 FULT Fulton Financial Corp secondary F-01 Banking FG-01 4.51 Bn 11.68 15.58 3.25 Bn
140 FBP First Bancorp /Pr/ secondary F-01 Banking FG-01 4.25 Bn 11.42 4.13 -15.46 Bn
141 UCB United Community Banks Inc secondary F-01 Banking FG-01 4.23 Bn 11.41 3.81 3.68 Bn
142 CVCO Cavco Industries, Inc. secondary D-09 Homebuilding DG-03 4.08 Bn — — 3.83 Bn
143 MTH Meritage Homes CORP secondary D-08 Homebuilding DG-03 4.07 Bn 12.36 0.76 3.26 Bn
144 WSBC Wesbanco Inc secondary F-01 Banking FG-01 3.86 Bn 11.63 3.69 2.78 Bn
145 RNST Renasant Corp secondary F-01 Banking FG-01 3.72 Bn 11.83 3.39 2.84 Bn
146 PFSI PennyMac Financial Services, Inc. secondary F-05 Lending and Credit FG-02 3.62 Bn 11.08 1.64 2.87 Bn
147 NIC Nicolet Bankshares Inc secondary F-01 Banking FG-01 3.61 Bn 23.42 94.47 3.15 Bn
148 MHO M/I Homes, Inc. secondary D-08 Homebuilding DG-03 3.57 Bn 11.25 0.84 2.83 Bn
149 FIBK First Interstate Bancsystem Inc secondary F-01 Banking FG-01 3.57 Bn 10.99 3.33 2.40 Bn
150 MCHB Mechanics Bancorp secondary F-01 Banking FG-01 3.43 Bn 12.19 64.53 2.83 Bn
151 NHI National Health Investors Inc secondary R-07 Property REITs RG-01 3.40 Bn 20.44 7.88 3.40 Bn
152 BKU BankUnited, Inc. secondary F-01 Banking FG-01 3.27 Bn 11.96 138.07 2.90 Bn
153 SBCF Seacoast Banking Corp Of Florida secondary F-01 Banking FG-01 3.26 Bn 20.67 562.86 2.83 Bn
154 BOH Bank Of Hawaii Corp secondary F-01 Banking FG-01 3.00 Bn 13.98 3.94 -0.75 Bn
155 KBH Kb Home secondary D-08 Homebuilding DG-03 2.95 Bn 10.83 0.54 2.88 Bn
156 GRBK Green Brick Partners, Inc. secondary D-08 Homebuilding DG-03 2.91 Bn 9.24 1.47 2.78 Bn
157 SPNT SiriusPoint Ltd secondary F-15 Insurance FG-04 2.84 Bn 5.74 0.88 2.16 Bn
158 FBK FB Financial Corp secondary F-01 Banking FG-01 2.81 Bn 14.30 55.76 1.69 Bn
159 TRMK Trustmark Corp secondary F-01 Banking FG-01 2.77 Bn 12.22 3.39 2.77 Bn
160 BWIN Baldwin Insurance Group, Inc. secondary F-16 Insurance FG-04 2.73 Bn -20.46 1.57 2.54 Bn
161 AKR Acadia Realty Trust secondary R-03 Property REITs RG-01 2.66 Bn 50.80 6.59 2.66 Bn
162 TWO-PA Two Harbors Investment Corp. secondary F-08 Lending and Credit FG-02 2.65 Bn -22.50 — 2.01 Bn
163 BBT Beacon Financial Corp secondary F-01 Banking FG-01 2.63 Bn 16.44 82.85 1.41 Bn
164 AGM Federal Agricultural Mortgage Corp secondary F-05 Lending and Credit FG-02 2.44 Bn 12.19 5.47 1.40 Bn
165 MBIN Merchants Bancorp secondary F-01 Banking FG-01 2.43 Bn 10.62 3.40 1.59 Bn
166 BANR Banner Corp secondary F-01 Banking FG-01 2.41 Bn 11.55 — 1.97 Bn
167 SYBT Stock Yards Bancorp, Inc. secondary F-01 Banking FG-01 2.40 Bn 16.07 52.71 1.56 Bn
168 BXMT Blackstone Mortgage Trust, Inc. secondary F-08 Lending and Credit FG-02 2.28 Bn 148.55 -4.33 1.85 Bn
169 BBUC Brookfield Business Corp secondary I-15 Construction Services IG-04 2.28 Bn 227.88 0.08 -2.48 Bn
170 HTH Hilltop Holdings Inc. secondary F-01 Banking FG-01 2.25 Bn 13.49 3.03 0.25 Bn
171 LTC Ltc Properties Inc secondary R-07 Property REITs RG-01 2.20 Bn 16.35 6.33 2.20 Bn
172 CHCO City Holding Co secondary F-01 Banking FG-01 2.02 Bn 15.31 26.83 1.75 Bn
173 RBCAA Republic Bancorp Inc /Ky/ secondary F-01 Banking FG-01 1.92 Bn 15.09 110.96 1.48 Bn
174 NTST NETSTREIT Corp. secondary R-06 Property REITs RG-01 1.92 Bn 137.55 8.77 1.92 Bn
175 FSUN Firstsun Capital Bancorp secondary F-01 Banking FG-01 1.87 Bn 40.09 3.66 0.88 Bn
176 NBHC National Bank Holdings Corp secondary F-01 Banking FG-01 1.86 Bn 19.64 38.30 1.48 Bn
177 STBA S&T Bancorp Inc secondary F-01 Banking FG-01 1.79 Bn 12.72 96.70 0.56 Bn
178 HOPE Hope Bancorp Inc secondary F-01 Banking FG-01 1.78 Bn 13.94 3.09 1.09 Bn
179 TCBK Trico Bancshares / secondary F-01 Banking FG-01 1.71 Bn 12.65 31.58 1.61 Bn
180 CCS Century Communities, Inc. secondary D-08 Homebuilding DG-03 1.70 Bn 14.44 0.43 1.61 Bn
181 JSM Navient Corp secondary F-04 Lending and Credit FG-02 1.68 Bn -35.79 2.23 0.31 Bn
182 OBK Origin Bancorp, Inc. secondary F-01 Banking FG-01 1.67 Bn 16.77 57.61 1.12 Bn
183 EFC Ellington Financial Inc. secondary F-08 Lending and Credit FG-02 1.66 Bn 11.71 3.65 1.41 Bn
184 BPOPO Popular, Inc. secondary F-01 Banking FG-01 1.61 Bn 1.67 3.99 1.61 Bn
185 CNOB ConnectOne Bancorp, Inc. secondary F-01 Banking FG-01 1.59 Bn 10.32 3.37 0.37 Bn
186 FRMEP First Merchants Corp secondary F-01 Banking FG-01 1.57 Bn 8.51 41.77 1.57 Bn
187 KW Kennedy-Wilson Holdings, Inc. secondary R-19 Property Developers RG-05 1.52 Bn 96.40 3.11 1.37 Bn
188 CNF CNFinance Holdings Ltd. secondary F-05 Lending and Credit FG-02 1.37 Bn -27.01 27.04 1.37 Bn
189 WD Walker & Dunlop, Inc. secondary F-05 Lending and Credit FG-02 1.34 Bn 37.97 1.04 1.18 Bn
190 UMH Umh Properties, Inc. secondary R-01 Property REITs RG-01 1.32 Bn 96.32 4.88 1.29 Bn
191 HBT HBT Financial, Inc. secondary F-01 Banking FG-01 1.32 Bn 16.97 93.19 1.19 Bn
192 OCFC Oceanfirst Financial Corp secondary F-01 Banking FG-01 1.32 Bn 27.47 91.47 1.32 Bn
193 UHAL U-Haul Holding Co /NV/ secondary D-21 Travel and Lodging DG-07 1.24 Bn — — -2.44 Bn
194 LADR Ladder Capital Corp secondary F-08 Lending and Credit FG-02 1.21 Bn 23.06 — 1.17 Bn
195 MMI Marcus & Millichap, Inc. secondary R-16 Real Estate Services RG-04 1.17 Bn 81.66 1.44 0.96 Bn
196 SCCF Sachem Capital Corp. secondary F-08 Lending and Credit FG-02 1.17 Bn -93.85 66.37 1.14 Bn
197 AMTB Amerant Bancorp Inc. secondary F-01 Banking FG-01 1.15 Bn 20.39 2.72 0.85 Bn
198 GL-PD Globe Life Inc. secondary F-12 Insurance FG-04 1.13 Bn 0.93 0.18 0.37 Bn
199 DFH Dream Finders Homes, Inc. secondary D-08 Homebuilding DG-03 1.10 Bn 7.44 0.27 0.89 Bn
200 MBWM Mercantile Bank Corp secondary F-01 Banking FG-01 1.06 Bn 11.99 104.04 0.72 Bn
201 MCBS MetroCity Bankshares, Inc. secondary F-01 Banking FG-01 1.01 Bn 12.70 142.19 0.75 Bn
202 NBBK NB Bancorp, Inc. secondary F-01 Banking FG-01 1.01 Bn 17.05 3.89 0.61 Bn
203 FSBC Five Star Bancorp secondary F-01 Banking FG-01 0.99 Bn 13.73 5.50 0.30 Bn
204 CPF Central Pacific Financial Corp secondary F-01 Banking FG-01 0.98 Bn 11.81 18.18 0.98 Bn
205 FMCB Farmers & Merchants Bancorp secondary F-01 Banking FG-01 0.96 Bn 9.94 3.84 0.68 Bn
206 HAFC Hanmi Financial Corp secondary F-01 Banking FG-01 0.94 Bn -13.23 3.29 0.76 Bn
207 THFF First Financial Corp /In/ secondary F-01 Banking FG-01 0.92 Bn 11.07 3.31 0.92 Bn
208 ABR Arbor Realty Trust Inc secondary F-08 Lending and Credit FG-02 0.92 Bn 56.45 1.92 0.63 Bn
209 MFA Mfa Financial, Inc. secondary F-08 Lending and Credit FG-02 0.89 Bn 8.43 — 0.72 Bn
210 ARI Apollo Commercial Real Estate Finance, Inc. secondary F-08 Lending and Credit FG-02 0.88 Bn 7.32 3.68 -0.36 Bn
211 GSBC Great Southern Bancorp, Inc. secondary F-01 Banking FG-01 0.87 Bn 12.93 3.06 0.69 Bn
212 CCBG Capital City Bank Group Inc secondary F-01 Banking FG-01 0.86 Bn 14.00 37.69 0.38 Bn
213 SPFI South Plains Financial, Inc. secondary F-01 Banking FG-01 0.85 Bn 13.17 3.75 0.06 Bn
214 ADAM Adamas Trust, Inc. secondary F-08 Lending and Credit FG-02 0.82 Bn 5.32 — 0.61 Bn
215 HBIA Hills Bancorporation secondary F-01 Banking FG-01 0.82 Bn 10.90 47.39 0.78 Bn
216 PGC Peapack Gladstone Financial Corp secondary F-01 Banking FG-01 0.81 Bn 15.75 2.57 0.81 Bn
217 MITN TPG Mortgage Investment Trust, Inc. secondary F-08 Lending and Credit FG-02 0.81 Bn 35.18 — 0.75 Bn
218 PMT PennyMac Mortgage Investment Trust secondary F-08 Lending and Credit FG-02 0.80 Bn 6.44 2.31 0.38 Bn
219 SHBI Shore Bancshares Inc secondary F-01 Banking FG-01 0.78 Bn 11.82 3.30 0.52 Bn
220 IBCP Independent Bank Corp /Mi/ secondary F-01 Banking FG-01 0.76 Bn 10.66 3.21 0.60 Bn
221 WASH Washington Trust Bancorp Inc secondary F-01 Banking FG-01 0.76 Bn 13.70 3.24 0.71 Bn
222 TCBX Third Coast Bancshares, Inc. secondary F-01 Banking FG-01 0.75 Bn 10.73 3.15 0.17 Bn
223 CCNEP Cnb Financial Corp/Pa secondary F-01 Banking FG-01 0.73 Bn 7.95 2.18 0.26 Bn
224 CUBB Customers Bancorp, Inc. secondary F-01 Banking FG-01 0.72 Bn 2.54 0.79 -3.45 Bn
225 CWBC Community West Bancshares secondary F-01 Banking FG-01 0.71 Bn 19.58 3.95 0.49 Bn
226 VEL Velocity Financial, Inc. secondary F-05 Lending and Credit FG-02 0.70 Bn 6.54 -2.04 -6.75 Bn
227 BCAL California BanCorp \ CA secondary F-01 Banking FG-01 0.70 Bn 11.65 217.03 0.44 Bn
228 CARE Carter Bankshares, Inc. secondary F-01 Banking FG-01 0.69 Bn 5.36 2.71 0.41 Bn
229 BHB Bar Harbor Bankshares secondary F-01 Banking FG-01 0.68 Bn 290.39 3.50 0.40 Bn
230 ACNB Acnb Corp secondary F-01 Banking FG-01 0.66 Bn 12.13 119.68 0.66 Bn
231 AROW Arrow Financial Corp secondary F-01 Banking FG-01 0.64 Bn 12.51 56.22 0.64 Bn
232 NFBK Northfield Bancorp, Inc. secondary F-03 Banking FG-01 0.64 Bn 57.10 91.88 0.39 Bn
233 GOOD Gladstone Commercial Corp secondary R-06 Property REITs RG-01 0.62 Bn 50.87 3.64 0.62 Bn
234 AOMD Angel Oak Mortgage REIT, Inc. secondary F-08 Lending and Credit FG-02 0.60 Bn 32.08 — 0.55 Bn
235 UNTY Unity Bancorp Inc /Nj/ secondary F-01 Banking FG-01 0.59 Bn 10.13 206.22 0.34 Bn
236 BWB Bridgewater Bancshares Inc secondary F-01 Banking FG-01 0.59 Bn 11.36 3.66 0.08 Bn
237 CBNK Capital Bancorp Inc secondary F-01 Banking FG-01 0.59 Bn 10.51 24.08 0.17 Bn
238 NPB Northpointe Bancshares Inc secondary F-01 Banking FG-01 0.59 Bn 7.56 2.33 0.05 Bn
239 FBRT Franklin BSP Realty Trust, Inc. secondary F-08 Lending and Credit FG-02 0.59 Bn 15.74 1.92 0.45 Bn
240 SFST Southern First Bancshares Inc secondary F-01 Banking FG-01 0.58 Bn 14.67 95.14 0.20 Bn
241 NRIM Northrim Bancorp Inc secondary F-01 Banking FG-01 0.58 Bn 8.44 118.88 0.54 Bn
242 HBCP Home Bancorp, Inc. secondary F-01 Banking FG-01 0.54 Bn 11.51 81.75 0.54 Bn
243 BWFG Bankwell Financial Group, Inc. secondary F-01 Banking FG-01 0.53 Bn 12.35 176.76 0.12 Bn
244 BSRR Sierra Bancorp secondary F-01 Banking FG-01 0.52 Bn 11.62 22.01 0.38 Bn
245 BSVN Bank7 Corp. secondary F-01 Banking FG-01 0.52 Bn 12.43 5.19 0.51 Bn
246 PDLB Ponce Financial Group, Inc. secondary F-01 Banking FG-01 0.49 Bn 15.10 4.11 0.35 Bn
247 CBK Commercial Bancgroup, Inc. secondary F-01 Banking FG-01 0.46 Bn 11.78 4.96 0.28 Bn
248 RWT Redwood Trust Inc secondary F-08 Lending and Credit FG-02 0.45 Bn -164.55 — 0.26 Bn
249 UWMC UWM Holdings Corp secondary F-05 Lending and Credit FG-02 0.45 Bn -4.33 0.13 -0.04 Bn
250 RBB RBB Bancorp secondary F-01 Banking FG-01 0.45 Bn 10.87 78.25 0.17 Bn
251 KREF KKR Real Estate Finance Trust Inc. secondary F-08 Lending and Credit FG-02 0.44 Bn -2.13 — 0.36 Bn
252 AVBC Avidia Bancorp, Inc. secondary F-01 Banking FG-01 0.44 Bn 28.27 3.96 0.32 Bn
253 PLBC Plumas Bancorp secondary F-01 Banking FG-01 0.43 Bn 12.12 133.95 0.30 Bn
254 ISTR Investar Holding Corp secondary F-01 Banking FG-01 0.42 Bn 13.43 8.55 -0.01 Bn
255 LAND GLADSTONE LAND Corp secondary R-15 Land REITs RG-03 0.41 Bn -13.93 4.60 0.41 Bn
256 PKBK Parke Bancorp, Inc. secondary F-01 Banking FG-01 0.41 Bn 8.86 4.39 0.20 Bn
257 MVBF Mvb Financial Corp secondary F-01 Banking FG-01 0.40 Bn 10.36 2.14 0.03 Bn
258 FRST Primis Financial Corp. secondary F-01 Banking FG-01 0.40 Bn 7.57 1.78 0.22 Bn
259 PCB Pcb Bancorp secondary F-01 Banking FG-01 0.39 Bn 9.48 3.26 0.13 Bn
260 NWFL Norwood Financial Corp secondary F-01 Banking FG-01 0.37 Bn 13.03 43.90 0.18 Bn
261 LSAK Lesaka Technologies Inc secondary F-04 Lending and Credit FG-02 0.37 Bn -12.87 0.52 0.28 Bn
262 RVRF River Financial Corp secondary F-01 Banking FG-01 0.37 Bn 7.37 2.47 0.21 Bn
263 WSBF Waterstone Financial, Inc. secondary F-01 Banking FG-01 0.37 Bn 12.15 2.43 0.32 Bn
264 TSBK Timberland Bancorp Inc secondary F-01 Banking FG-01 0.36 Bn 11.55 76.08 0.11 Bn
265 LFT Lument Finance Trust, Inc. secondary F-08 Lending and Credit FG-02 0.36 Bn -51.25 — 0.33 Bn
266 TWFG TWFG, Inc. secondary F-16 Insurance FG-04 0.35 Bn 6.35 1.20 0.26 Bn
267 TCI Transcontinental Realty Investors Inc secondary R-01 Property REITs RG-01 0.34 Bn -66.13 6.75 0.34 Bn
268 FVCB FVCBankcorp, Inc. secondary F-01 Banking FG-01 0.33 Bn 12.83 4.45 0.33 Bn
269 COSO CoastalSouth Bancshares, Inc. secondary F-01 Banking FG-01 0.33 Bn 12.14 162.96 0.30 Bn
270 BCML BayCom Corp secondary F-01 Banking FG-01 0.33 Bn 26.09 6.12 0.15 Bn
271 JMSB John Marshall Bancorp, Inc. secondary F-01 Banking FG-01 0.33 Bn 13.46 1,138.32 0.17 Bn
272 NREF NexPoint Real Estate Finance, Inc. secondary F-08 Lending and Credit FG-02 0.33 Bn 5.24 — 0.13 Bn
273 FSBW FS Bancorp, Inc. secondary F-01 Banking FG-01 0.32 Bn 9.58 2.05 0.29 Bn
274 FCCO First Community Corp /Sc/ secondary F-01 Banking FG-01 0.32 Bn 9.88 332.49 0.32 Bn
275 PINE Alpine Income Property Trust, Inc. secondary R-06 Property REITs RG-01 0.32 Bn 85.80 4.52 0.32 Bn
276 CBNA Chain Bridge Bancorp Inc secondary F-01 Banking FG-01 0.31 Bn 11.50 179.47 -0.52 Bn
277 MYFW First Western Financial Inc secondary F-01 Banking FG-01 0.30 Bn 16.38 2.84 0.13 Bn
278 CFFI C & F Financial Corp secondary F-01 Banking FG-01 0.30 Bn 10.65 2.03 0.16 Bn
279 BPRN Princeton Bancorp, Inc. secondary F-01 Banking FG-01 0.30 Bn 11.50 3.45 0.14 Bn
280 ONIT Onity Group Inc. secondary F-05 Lending and Credit FG-02 0.29 Bn 2.14 0.26 0.10 Bn
281 RM Regional Management Corp. secondary F-04 Lending and Credit FG-02 0.29 Bn 6.29 0.44 0.17 Bn
282 GBFH GBank Financial Holdings Inc. secondary F-01 Banking FG-01 0.29 Bn 15.67 3.53 0.15 Bn
283 FNRN First Northern Community Bancorp secondary F-01 Banking FG-01 0.28 Bn 12.50 103.49 -0.09 Bn
284 RC Ready Capital Corp secondary F-08 Lending and Credit FG-02 0.27 Bn -0.49 -48.31 0.27 Bn
285 RMAX RE/MAX Holdings, Inc. secondary R-17 Real Estate Services RG-04 0.26 Bn 20.50 0.93 -0.41 Bn
286 FBLA FB Bancorp, Inc. /MD/ secondary F-03 Banking FG-01 0.26 Bn 131.92 -21.44 0.22 Bn
287 INBK First Internet Bancorp secondary F-01 Banking FG-01 0.25 Bn -8.08 23.94 -0.16 Bn
288 MRBK Meridian Corp secondary F-01 Banking FG-01 0.23 Bn 10.75 34.62 0.19 Bn
289 CFBK Cf Bankshares Inc. secondary F-01 Banking FG-01 0.23 Bn 12.48 3.67 -0.02 Bn
290 SNFCA Security National Financial Corp secondary F-12 Insurance FG-04 0.23 Bn 6.10 0.66 -0.32 Bn
291 OPBK OP Bancorp secondary F-01 Banking FG-01 0.23 Bn 7.85 104.87 0.05 Bn
292 QNBC Qnb Corp. secondary F-01 Banking FG-01 0.22 Bn 16.67 3.38 -0.37 Bn
293 CMTG Claros Mortgage Trust, Inc. secondary F-08 Lending and Credit FG-02 0.22 Bn — 1.44 0.13 Bn
294 CZWI Citizens Community Bancorp Inc. secondary F-01 Banking FG-01 0.21 Bn 16.55 3.30 0.08 Bn
295 FCAP First Capital Inc secondary F-01 Banking FG-01 0.21 Bn 15.47 28.93 -0.12 Bn
296 HNVR Hanover Bancorp, Inc. /MD secondary F-01 Banking FG-01 0.20 Bn 22.02 2.70 0.06 Bn
297 CSBB CSB Bancorp, Inc. secondary F-01 Banking FG-01 0.20 Bn 15.86 86.65 0.11 Bn
298 LARK Landmark Bancorp Inc secondary F-01 Banking FG-01 0.20 Bn 10.40 2.25 0.20 Bn
299 LDI loanDepot, Inc. secondary F-05 Lending and Credit FG-02 0.19 Bn -1.87 0.15 -0.12 Bn
300 CBFV CB Financial Services, Inc. secondary F-01 Banking FG-01 0.19 Bn 26.24 82.46 0.11 Bn