PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Wave

Warwick, RI · Charter 24501

NCUA · 3 branches

Q2 2026

$156.8MAssets
$79.9MLoans
$136.8MShares
$19.3MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of 0.47%, unchanged from a year ago; NIM at 3.08%.
  • Asset quality: problem loans at 0.93% of loans (-3 bps YoY).
  • Capital: net worth / assets of 12.30%, down 25 bps from a year ago.
  • Funding: loans stand at 58.42% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.47%0 bps YoY

Net Interest Margin (YTD, annualized)

3.08%-2 bps YoY

Efficiency Ratio (YTD, annualized)

85.86%+45 bps YoY

Net Worth / Assets

12.30%-25 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.47%0.51%0.49%0.59%0.47%0 bps
Return on Equity3.76%4.00%3.87%4.80%3.81%+5 bps
Net Interest Margin3.10%3.16%3.17%3.10%3.08%-2 bps
Efficiency Ratio85.40%83.83%83.97%83.07%85.86%+45 bps
Growth
Asset Growth (YoY)2.70%1.12%0.87%2.88%6.20%+350 bps
Loan Growth (YoY)-0.72%-1.84%-2.39%-2.97%0.44%+117 bps
Share Growth (YoY)2.60%0.99%0.46%2.71%6.53%+394 bps
Asset Quality
Delinquent Loans / Loans0.97%0.39%1.02%0.29%0.93%-3 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital12.55%12.70%12.68%12.36%12.30%-25 bps
Net Worth / Assets12.55%12.70%12.68%12.36%12.30%-25 bps
Liquidity & Funding
Loans / Shares61.96%62.06%60.34%57.18%58.42%-354 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps