KBW Announces Index Rebalancing for First-Quarter 2026

Changes to the KBW Nasdaq Bank Index and KBW Nasdaq Regional Banking Index

Mar. 14, 2026 at 1:03am

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Keefe, Bruyette & Woods, Inc., a leading investment bank, announced upcoming changes to two of its financial services indexes - the KBW Nasdaq Bank Index and the KBW Nasdaq Regional Banking Index. The rebalancing will add two new companies and drop one existing company from the indexes, effective March 23, 2026.

Why it matters

The KBW indexes are widely followed benchmarks for the banking and financial sectors. Changes to the index constituents can impact the performance of related exchange-traded funds and influence investment decisions in those industries.

The details

As part of the quarterly rebalancing, Nicolet Bankshares, Inc. and Seacoast Banking Corporation of Florida will be added to the KBW Nasdaq Bank Index and the KBW Nasdaq Regional Banking Index. Pinnacle Financial Partners, Inc. will be removed from the KBW Nasdaq Regional Banking Index.

  • The changes will be effective prior to the opening of business on Monday, March 23, 2026.

The players

Keefe, Bruyette & Woods, Inc.

A leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp.

KBW Nasdaq Bank Index

A widely followed benchmark index for the banking sector.

KBW Nasdaq Regional Banking Index

A benchmark index for the regional banking industry.

Nicolet Bankshares, Inc.

A company that will be added to the KBW Nasdaq Bank Index and KBW Nasdaq Regional Banking Index.

Seacoast Banking Corporation of Florida

A company that will be added to the KBW Nasdaq Bank Index and KBW Nasdaq Regional Banking Index.

Pinnacle Financial Partners, Inc.

A company that will be removed from the KBW Nasdaq Regional Banking Index.

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What’s next

The index changes will be effective prior to the opening of business on Monday, March 23, 2026.

The takeaway

The rebalancing of the KBW Nasdaq Bank Index and KBW Nasdaq Regional Banking Index reflects changes in the financial services industry and can impact related investment products and strategies.