Nasdaq Financial-100

The Nasdaq Financial-100 (^IXF) is a stock market index operated by Nasdaq consisting of companies that are listed on the Nasdaq stock exchange and that are in the financial services industry, including banking, insurance, mortgages and securities trading. It was created in 1985 as the sister index to the more widely followed Nasdaq-100.

Standards for eligibility

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

• It must engage in one of these categories: banking, insurance, security trading, brokerage, mortgages, debt collection, and real estate.
• It must be seasoned on the Nasdaq for a period of three months.
• It must be current in regards to SEC filings.
• It cannot be in bankruptcy.
• If a company has multiple classes of stock, all classes that meet minimum market capitalization standards will be included. At this moment, however, all companies in the index have only one class of stock in this index.
• Unlike the Nasdaq-100 index, there are no minimum weight requirements, and no volume minimums to meet either.

The index is rebalanced annually in June. Components that are in the top 100 of financial companies are allowed to 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. All vacancies, including those done whenever a corporate action makes a component ineligible, through acquisition or delisting, are filled by the highest ranked component not in the index. Unlike the Nasdaq-100, where changes are announced in advance, changes in the Nasdaq Financial-100 are not made public by Nasdaq.

Components

The following companies are in the index.

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