RJF · 10-Q · 2026Q2 · Full report

Residential Mortgage Concentration

RAYMOND JAMES FINANCIAL INC · 2026-08-05 · Importance 25 · Surprise 6

California accounted for 20% of Raymond James's residential mortgage loans held for sale and investment at June 30, 2026, while Florida accounted for 18%. Texas, New York, and Colorado represented 8%, 7%, and 4%, respectively, of residential mortgage loans. California and Florida each represented 4% of total loans held for sale and investment, while Texas represented 2%, New York 1%, and Colorado 1%. Management identified wildfires in California and hurricanes in Florida as events that could increase credit-loss provisions or charge-offs and reduce net income and regulatory capital.

Key facts

• Top five states concentration of one-to-four family residential mortgage loans at June 30, 2026: California 20% of total residential mortgage loans held for sale and investment and 4% of total loans held for sale and investment. source
• Top five states concentration at June 30, 2026: Florida 18% of residential mortgage loans and 4% of total loans held for sale and investment. source
• Top five states concentration at June 30, 2026: Texas 8% of residential mortgage loans and 2% of total loans held for sale and investment. source
• Top five states concentration at June 30, 2026: New York 7% of residential mortgage loans and 1% of total loans held for sale and investment. source
• Top five states concentration at June 30, 2026: Colorado 4% of residential mortgage loans and 1% of total loans held for sale and investment. source
• Adjustable rate residential mortgage loans included loans which were still in their fixed-rate period at June 30, 2026. source