Nasdaq Financial-100

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The Nasdaq Financial-100 (^IXF) is a stock market index operated by Nasdaq tracking the largest financial services companies such as banks, insurers, mortgage lenders, and securities firms. Established in 1985 as a counterpart to the Nasdaq-100, it provides a sector-focused gauge of financial performance within the broader U.S. equity marketplace.

Contents

Overview

Standards for eligibility

To qualify for membership in the index, the following standards must be met: [1]

The index is rebalanced annually in June. Components ranked within the top 100 financial companies remain in the index. If a component is between positions 101 to 125, it is given a year to move into the top 100 of eligible stocks; if it cannot meet this standard, the stock is then dropped. Any component that is not in the top 125 at the time of rebalance is dropped. [1]

All vacancies resulting from acquisitions, delistings, or other corporate actions are filled by the highest ranked eligible company not currently in the index. Unlike the Nasdaq-100, Nasdaq does not publicly announce changes to the Nasdaq Financial-100 in advance. [1]

Components

The following companies are in the index. [2]

  1. 360 DigiTech
  2. Ameris Bancorp
  3. Arch Capital Group
  4. Atlantic Union Bank
  5. BancFirst
  6. The Bancorp, Inc.
  7. Bank of Hope
  8. Bank OZK
  9. Banner Bank
  10. BOK Financial Corporation
  11. Brighthouse Financial
  12. The Carlyle Group
  13. Cathay Bank
  14. Cincinnati Financial
  15. CME Group
  16. Coinbase
  17. Columbia Banking System
  18. Columbia Financial
  19. Commerce Bancshares
  20. Credit Acceptance
  21. CVB Financial
  22. East West Bank
  23. Eastern Bank
  24. Enact Holdings
  25. Enstar Group
  26. Enterprise Financial Services Corporation
  27. Erie Insurance Group
  28. Fifth Third Bank
  29. First Citizens BancShares
  30. First Financial Bancorp
  31. First Financial Bankshares
  32. First Hawaiian Bank
  33. First Interstate BancSystem
  34. First Merchants Corporation
  35. FirstCash
  36. Focus Financial Partners
  37. Fulton Financial Corporation
  38. Futu
  39. Hamilton Lane
  40. Hancock Whitney
  41. Heartland Financial USA
  42. Huntington Bancshares
  43. Independent Bank
  44. Independent Bank Group
  45. Interactive Brokers
  46. International Bancshares Corporation
  47. Lakeland Financial Corporation
  48. LPL Financial
  49. MarketAxess Holdings, Inc.
  50. Morningstar, Inc.
  51. Nasdaq, Inc.
  52. Navient Corporation
  53. NMI Holdings
  54. Northern Trust
  55. Old National Bancorp
  56. Open Lending
  57. Pacific Premier Bancorp
  58. PacWest Bancorp
  59. Pinnacle Financial Partners
  60. Popular, Inc.
  61. PRA Group
  62. Principal Financial Group
  63. Renasant Bank
  64. Robinhood Markets
  65. Sallie Mae
  66. Sandy Spring Bank
  67. Seacoast Banking Corporation of Florida
  68. SEI Investments Company
  69. Selective Insurance Group
  70. Simmons Bank
  71. Sallie Mae
  72. South State Bank
  73. StepStone Group
  74. Stock Yards Bank & Trust
  75. StoneX Group Inc.
  76. T. Rowe Price
  77. Texas Capital Bank
  78. TFS Financial
  79. Towne Bank
  80. TPG Inc.
  81. Tradeweb
  82. Triumph Bancorp
  83. Trupanion
  84. Trustmark Bank
  85. UMB Financial Corporation
  86. United Bank
  87. United Community Bank
  88. Upstart Holdings
  89. Valley Bank
  90. Veritex Bank
  91. Victory Capital
  92. Virtu Financial
  93. Virtus Investment Partners
  94. WaFd, Inc.
  95. WesBanco
  96. Westamerica Bank
  97. Willis Towers Watson
  98. Wintrust Financial Corporation
  99. WSFS Bank
  100. XP Inc.

References

  1. 1 2 3 "NASDAQ Financial-100 IndexSM Methodology" (PDF). Nasdaq.
  2. ↑ "Nasdaq Financial-100". Nasdaq.
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