One insured bank inside a broader financial group
Raymond James Bank is the St. Petersburg, Florida institution at FDIC certificate 33893 and Federal Reserve identifier 2193616. Its June regulatory classification is a state-chartered Federal Reserve member bank. The FDIC institution index dated October 2, reviewed October 5, 2026, lists it as active. It ranks 53rd in this series’ June inventory of domestic insured banks and savings institutions. [1][2][7]
Its parent, Raymond James Financial, Inc., is a financial holding company with wealth-management, capital-markets, asset-management and banking operations. The parent’s Bank segment includes both Raymond James Bank and TriState Capital Bank. A segment loan balance or margin therefore cannot be assigned entirely to Raymond James Bank, and client investment assets are not the same as bank assets or insured deposits. The bank separately advertises services to both the public and Raymond James clients. [3][5]
The bank’s own June financial position
Raymond James Bank reported $45.603 billion of assets, $41.395 billion of deposits and $36.826 billion of net loans and leases at June 30, 2026. Bank net income of $373.9 million covers January through June. The parent uses a September fiscal year-end, so its fiscal third-quarter results cover April through June, while its nine-month results begin in October 2025. Those periods are not interchangeable. [2][5]
Calculated using the same FDIC bank balances, net loans equaled 89.0% of deposits and 80.8% of assets. Lending is consequently central to the bank’s reported balance sheet. These ratios do not measure immediately available , the concentration of depositors or the contractual maturity of loans. Nor does total accounting equity substitute for risk-based regulatory capital.
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| Insured-bank measure | June 30, 2026 |
|---|---|
| Assets | $45.603 billion |
| Deposits | $41.395 billion |
| Net loans and leases | $36.826 billion |
| Total equity capital | $3.312 billion |
| Net income, six months ended June 30 | $373.9 million |
Wealth relationships connect distribution, lending and cash
The bank’s product pages emphasize mortgages, securities-based lines and tailored credit. The customer connection often involves a financial advisor and banking specialists rather than a conventional mass-market branch visit. A wealth relationship can create demand for while a client continues holding an investment portfolio. The bank provides a loan, while investment advice and securities custody may sit elsewhere in the group. [3][4][6]
That arrangement creates complementary services, but the legal separation remains consequential. A brokerage balance is not automatically a deposit at this bank, and a bank loan is not automatically a brokerage margin obligation. Customer economics also differ: keeping a portfolio invested avoids an immediate sale but introduces borrowing cost and collateral risk. The existence of a relationship does not establish that a credit product is appropriate for every client.
Securities-backed lending transfers market risk into collateral demands
The bank describes its securities-based line as secured by eligible securities in Raymond James brokerage accounts. Its disclosure limits use of proceeds, including prohibitions on purchasing or carrying securities and on several transfers or purchases involving affiliates. It separately distinguishes margin offered through Raymond James from bank-provided lines. These product descriptions were reviewed October 5, 2026 and remain subject to current loan terms and credit criteria. [4]
The central mechanism is collateral value. If pledged investments decline, the lender can require more collateral or repayment and may liquidate securities to meet a call. The disclosure also describes possible changes in maintenance requirements and variable interest costs. Consequently, a liquid securities portfolio does not make the borrowing riskless: may facilitate liquidation while also transmitting a market drawdown directly into the borrower’s cash needs. [4]
For the lender, and daily collateral monitoring can reduce exposure, but they do not eliminate gaps caused by rapid price changes, concentrated holdings or execution delays. For the customer, retaining market exposure while borrowing can amplify the financial effect of an adverse market move. Those are structural implications, not a prediction of losses at Raymond James Bank.
Deposit sweep and enhanced savings have different economics
The parent’s June Form 10-Q reports $26.00 billion of brokerage cash swept to its Bank segment through the Raymond James Bank Deposit Program. This is a segment figure, not a standalone Raymond James Bank deposit total. Cash swept to third-party banks remains outside the parent’s consolidated balance sheet. The filing separately reports $14.91 billion associated with its Enhanced Savings Program, through which clients deposit in a high-yield Raymond James Bank account. [5]
The distinction affects revenue attribution. The Private Client Group receives servicing fees for sweep administration, including fees from the affiliated Bank segment; the intersegment revenues and expenses are eliminated when the parent consolidates results. Adding the two divisions’ revenues without those eliminations would overstate group earnings. Higher-yield savings also can retain cash within the franchise while changing the cost of that funding. [5]
Client allocation decisions among investment assets, sweep cash and enhanced savings can therefore alter both balances and margins. A large wealth platform supplies access to potential depositors, but the amount and price of their cash remain responsive to rates, investment opportunities and product choices.
Segment earnings explain a wider banking operation
For the three months ended June 30, 2026, the parent reported Bank-segment net interest income of $472 million, net revenue of $488 million and pretax income of $206 million. Segment net interest margin was 2.71%, compared with 2.74% a year earlier. Management attributed higher net interest income partly to larger average interest-earning assets, especially securities-based and residential mortgage loans. These figures encompass both banking subsidiaries. [5]
The quarter also included a $26 million benefit for credit losses, compared with a $15 million provision in the prior-year quarter. A benefit reduces expense and increases reported earnings; it is not equivalent to interest earned on new lending or an equal cash recovery. Management linked it to corporate-loan paydowns and improved loan quality. Earnings analysis is clearer when the effect is separated from recurring spread income. [5]
Credit and capital measures have defined limits
The June filing reports segment nonperforming loans of $151 million and nonperforming assets of $152 million, with nonperforming loans equal to 0.27% of total loans held for sale and investment. These measures describe the combined banking portfolio. They do not disclose the same ratio for the standalone insured bank in this profile. The parent discusses corporate, commercial real-estate, residential, tax-exempt and securities-based credit risks rather than one homogeneous loan pool. [5]
The filing also states that Raymond James Financial, Raymond James Bank and TriState Capital Bank were each categorized as well-capitalized at June 30. That is a dated regulatory classification, not a guarantee against loss or a forecast of future capital. Credit models, collateral values and assumptions can change before a later reporting date. [5]
Cash-program scrutiny and the evidence boundary
The parent’s August-signed filing reports an SEC information request, beginning in August 2024, concerning cash-sweep practices for advisory clients. It also describes consolidated private litigation about rates paid on sweep balances, with some claims dismissed and remaining claims still pending at the filing date. These are disclosed inquiries and allegations, not a final finding that Raymond James Bank violated a rule. This profile does not establish their status after that filing. [5]
The issue illustrates a tension in wealth-linked banking: the group earns income from client cash while clients have an interest in the rate and features of the cash option provided. Product disclosure, customer choice and the allocation of fees across businesses are therefore important to understanding the model. The available sources establish the bank’s identity, June balances and disclosed mechanics, but not a later legal outcome or a separate October financial position.
Sources
- FDIC institution index dated October 2, 2026; legal identity and active status reviewed October 5Official sourceBack to text: ↑
- FDIC June 30, 2026 bank financials; dollar values in thousands, income year to dateOfficial sourceBack to text: ↑1↑2
- Raymond James Bank: business and parent relationship; undated page reviewed October 5, 2026SourceBack to text: ↑1↑2
- Raymond James Bank securities-based lending: provider, use restrictions and collateral risks; reviewed October 5, 2026SourceBack to text: ↑1↑2↑3
- Raymond James Financial Form 10-Q, quarter ended June 30, 2026, signed August 5; Notes 14 and 22, Bank segment and risk managementFiling / reportBack to text: ↑1↑2↑3↑4↑5↑6↑7↑8↑9
- Raymond James Bank homepage: mortgages and service scope; reviewed October 5, 2026SourceBack to text: ↑
- FDIC June 30, 2026 asset inventory; domestic insured charter classes selected for this seriesOfficial sourceBack to text: ↑