We've attempted to create Icon + Text components using callouts and other DIY methods, but they usually have some issue. A dedicated Icon card could be a really polished, useful component.
It could be a simple custom block or paragraph that uses the Fontawesome icon field and a long formatted text field. There could also be a media field for custom icons.
This would allow for complete control over the display of the icon and its size compared to the text.
US Design system is a good example: https://designsystem.digital.gov/
I've done some work on codepen to show the options that could be built-in to an icon card component: https://codepen.io/nels2371/full/gOVmNWZ