Salt Lake City, UT · Cert 22738 · First Utah Bcorp
State charter, non-member · FDIC · 7 branches
Q2 2026
Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.1% share · #25 of 57 inst. · $0.7B of $1175.7B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.95% | 0.96% | 1.37% | 1.11% | 1.18% | 1.13% | 0.77% | 0.74% | -37 bps | |
| Return on Equity | 9.84% | 10.21% | 15.52% | 12.37% | 13.00% | 12.18% | 7.83% | 7.43% | -495 bps | |
| Net Interest Margin | 4.32% | 4.25% | 4.46% | 4.36% | 4.40% | 4.46% | 4.15% | 4.31% | -5 bps | |
| Efficiency Ratio | 64.51% | 62.48% | 63.33% | 64.52% | 61.56% | 62.57% | 67.88% | 61.17% | -335 bps | |
| Non-Interest Burden | 2.58% | 2.40% | 2.47% | 2.51% | 2.39% | 2.52% | 2.71% | 2.34% | -17 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 13.45% | 21.82% | 15.78% | 14.70% | 8.45% | -3.28% | -1.30% | -2.66% | -1,736 bps | |
| Loan Growth (YoY) | 16.57% | 24.58% | 19.69% | 18.07% | 13.07% | -1.23% | -1.04% | -4.26% | -2,233 bps | |
| Deposit Growth (YoY) | 17.16% | 23.44% | 29.64% | 13.59% | 6.62% | 0.37% | -5.00% | -3.08% | -1,666 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.88% | 1.14% | 1.52% | 3.31% | 3.13% | 4.59% | 6.06% | 6.39% | +308 bps | |
| Net Charge-Offs / Loans | 0.53% | 0.52% | 0.06% | 0.35% | 0.43% | 0.46% | 0.51% | 1.07% | +72 bps | |
| Allowance / Loans | 1.20% | 1.20% | 1.24% | 1.25% | 1.26% | 1.28% | 1.29% | 1.46% | +21 bps | |
| Allowance Coverage of NPLs | 1.4x | 1.1x | 0.8x | 0.4x | 0.4x | 0.3x | 0.2x | 0.2x | -0.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.48% | 9.21% | 9.00% | 9.12% | 9.37% | 9.58% | 9.99% | 10.22% | +110 bps | |
| Total Risk-Based Capital | 12.64% | 11.98% | 12.34% | 12.00% | 12.31% | 12.95% | 13.05% | 10.22% | -178 bps | |
| Equity / Assets | 9.44% | 8.60% | 9.13% | 9.17% | 9.57% | 9.84% | 9.94% | 10.17% | +100 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 86.17% | 91.70% | 90.69% | 93.27% | 91.38% | 90.24% | 94.48% | 92.14% | -113 bps | |
| Liquid Assets / Assets | 13.33% | 13.20% | 13.12% | 12.10% | 11.72% | 12.70% | 13.90% | 15.87% | +377 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 600% | 569% | 566% | n/a | n/a | |