Comenity Capital Bank
Headquarters
12921 S Vista Station Blvd
Draper, UT 84020
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Reviewed by Ronn | October 7, 2022 | | Replies 1
Very easy to open account and fund. Any issues were my fault on keyboard.
2024 Overview
General Bank Information
Comenity Capital Bank is an FDIC insured institution located in Draper, UT. It was founded in 2003 and has approximately $12.67 billion in assets.
| FDIC Insured | Yes |
| FDIC Certificate | # 57570 |
| Date Established | 2003 |
| Assets | $ 12.67 billion |
| Loans | $ 9.29 billion |
| Deposits | $ 9.53 billion |
| Capital | $ 2.02 billion |
For a more detailed analysis of Comenity Capital Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
Online Only Savings Rates of Bread Savings, a division of Comenity Capital Bank
| Online Savings Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| High Yield Savings
|
4.50% | $100 | - |
Learn More
|
Online Only CD Rates of Bread Savings, a division of Comenity Capital Bank
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month CD
|
4.65% | $1,500 | - |
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|
| 9 Month CD
|
3.80% | $1,500 | - |
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|
| 1-Year CD
|
4.30% | $1,500 | - |
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|
| 18 Month CD
|
3.80% | $1,500 | - |
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|
| 2-Year CD
|
3.85% | $1,500 | - |
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|
| 3-Year CD
|
3.50% | $1,500 | - |
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|
| 4-Year CD
|
3.50% | $1,500 | - |
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|
| 5-Year CD
|
3.50% | $1,500 | - |
Learn More
|
Bank Online Offers
Comenity Direct Lowers Online Savings Rate to 0.55% APY
Mar 19, 2021
Comenity Direct has lowered its online savings rate by 5 basis points from 0.60% or 0.55% APY.
Comenity Direct Raises Online 1-Year CD rate to 0.70%
May 11, 2021
This is now the highest nationally available 1-year CD rate. We are just beginning to head in the right direction.
Comenity Direct Raises Online Savings Rate to 0.60% APY
Feb 4, 2022
Comenity Direct is fairly well reviewed on BestCashCow and they are the latest bank to raise their online savings rate by 5 bps.
Comenity Direct Lowers Online Savings Rate to 0.75% APY
Mar 7, 2022
Comenity Direct has raised its online savings rate from 0.60% to 0.75% APY. As of today, this is the highest nationally available online savings product available with a small initial deposit or small balance ($100 is the minimum).
Comenity Direct has also raised its online CD rates, and its one-year product now stands at 1%, but requires a $1,500 minimum. Compare online CD rates here.
Comenity Direct Raises Online Savings Rate to 1%
May 3, 2022
By tomorrow anything less than 1% in an online savings or money market account will be insulting.
Bread Drops Its Savings Rate Again
Nov 22, 2024
Bread dropped its savings rate from 4.75% to 4.65% APY this morning.
They have also lowered their 6-month CD rate to 4.70% APY.
The slow drip-drip-drip continues from a bank that was aggressively raising its rates this time last year.
Loan Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Comenity Capital Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% |
6.375% 0.75 points $4,000 fees |
$1,997 | Learn More |
NMLS ID: 1025894 |
6.863% |
6.750% 1.00 points $3,705 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.325% |
7.250% 0.75 points $2,400 fees |
$2,183 | Learn More |
NMLS ID: 491986 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.240 %
After Intro: 7.240 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR
7.900 %
After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to Comenity Capital Bank
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Comenity Capital Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Comenity Capital Bank Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 1527.86 | A | View Lobby Hours |
Climate Policy and Initiatives
Bread Financial has made a contribution the The Nature Conservancy described here, but it discloses very little about its lending practices to renewables.
Updated April 3, 2024
Contributions to climate organizations are nice, but too little is disclosed about the bank's lending practices to either the oil and gas sector or the renewables sector.
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Financial Details
Comenity Capital Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Comenity Capital Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Comenity Capital Bank | U.S. Bank Average |
|---|---|
| 12.26% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, Comenity Capital Bank had $407,425,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,015,120,000 in equity and $1,308,770,000 in loans loss reserves. That gives it a Texas Ratio of 12.26%.
Return on Equity
| Comenity Capital Bank | U.S. Bank Average |
|---|---|
| 18.17% | 10.46% |
Comenity Capital Bank has a Return on Equity of 18.17% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Comenity Capital Bank | U.S. Bank Average |
|---|---|
| 15.9% | 10.84% |
Comenity Capital Bank has a Capitalization of 15.9% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Comenity Capital Bank Balance Sheet Analysis
As of June 30, 2024, Comenity Capital Bank had assets of $12,674,370,000, loans of $9,290,158,000, and deposits of $9,526,270,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 2.45 billion |
| Interest-bearing balances | $ 2.31 billion |
| Total securities | $ 110.34 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 9.29 billion |
| Loan loss allowance | $ 1,308.77 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 104.80 million |
| All other assets | $ 549.12 million |
| Total Assets | $ 10.66 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 9.53 billion |
| Interest-bearing deposits | $ 9.49 billion |
| Deposits held in domestic offices | $ 9.53 billion |
| % insured (estimated) | 94.87% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 1,847.05 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 259.54 million |
| Total Liabilities | $ 10.66 billion |
| Shareholders’ Equity | $ 2.02 billion |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 1,388.42 million |
| Total Interest Expense | $ 247.97 million |
| Net interest income | $ 1,140.45 million |
| Provision for loan and lease losses | $ 401.83 million |
| Total non interest income | $ 125.18 million |
| Total non interest expense | $ 622.13 million |
| Pre-tax Net Operating Income | $ 198.21 million |
Bank Loan Profile?
The top three loan types in Comenity Capital Bank’s loan portfolio are Credit Card Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.
Compared to other banks in Utah, Comenity Capital Bank has a significantly higher percent of Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 0.00 | ✓ | ||
| Multifamily Mortgages |
0.00 | ✓ | ||
| Credit Card Loans | 100.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 0.00 | ✓ | ||
| Construction and Development Loans | 0.00 | ✓ | ||
| Commercial Real Estate | 0.00 | ✓ | ||
| Commercial and Industrial Loans | 0.30 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for Comenity Capital Bank (6)
Ronn
October 7, 2022 | | Replies 1
Very easy to open account and fund. Any issues were my fault on keyboard.
Is this review helpful? Yes:5 / No: 1
Geoff | Oct 10, 2022
lol - certainly written by the bank itself! This one has more holes than swiss cheese!
uga
June 25, 2022 |
Are they serious? A $5000 transfer limit. No Thanks, NEXT!
Is this review helpful? Yes:2 / No: 0
edith.stewart51@gmail.com
June 24, 2022
I was considering using this bank but after reading so many negative reviews I'm having doubts. Where there is so much smoke there surely is a good bit of fire. Such a shame they don't clean up their act!!!!
Is this review helpful? Yes:6 / No: 0
pargolfer
August 19, 2021 |
Worst bank experience ever......took me a month to get my money from them after CD matured. Horrible customer service! Don't let the fact that they may be offering an extra .10% interest temp you to do business with Comenity, they are a rotten company.
Is this review helpful? Yes:23 / No: 1
David Tracey
February 9, 2018
David Tracey · Owner/ President at Daves Lock and key LLC
i have had a boscovs credit card for many years and spent thousands of dollars have never carried a balance and then get notice that my credit limit is being lowered due to in activity?? really well I will never shop at boscovs again and they can stick this 100 credit limit where the sun dont shine,,,morons
Is this review helpful? Yes:8 / No: 3
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