Company Profile
- First National of Nebraska, Inc. (OTC: FINN) is a closely held financial holding company with its primary subsidiary, First National Bank of Omaha (est. 1857). The company’s operations include traditional retail and commercial banking, along with a wealth management group and brokered-dealer serving an eight-state region encompassing NE, CO, IA, IL, SD, KS, WY, and TX. The company also provides IT managed services through its First National Technology Services subsidiary.
- FINN is an upper mid-tier credit card issuer nationally, with roughly 3.5 million active card accounts and $7.8 billion (or 34% of total loans) in total card balances at 2Q24. The company offers branded cards, financial institution partnerships, a national direct to consumer card, a commercial card and its own retail card option. The branded cards continue to be the company’s leading driver of growth representing more than 60% of outstandings at 2Q24.
- The remainder of the loan…