... of First National of Nebraska, Inc.'s (FNNI) rating and Stable Rating Outlook reflects its good financial performance, solid deposit franchise and experienced management team. Core Franchise Complemented by Niche Co-Branded Credit Cards: FNNI operates a robust franchise with solid deposit market share in its core operating footprint. Additionally, FNNI is the 15th largest credit card issuer in the U.S., with a strong niche in its partnership credit card business focused on the middle-market segment of the co-branded card market. Risk Appetite Elevated by Card Concentration: Fitch considers FNNI's risk appetite to be higher than most of the mid-tier regional peers, due to the bank's concentration in credit card lending, which makes up approximately 42% of the loan portfolio. However, the bank is active in mitigating these risks through appropriate underwriting and solid risk controls. Loan growth has been limited over the past two years, as...
