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USAA Federal Savings Bank

Phoenix, AZ · Cert 32188 · United Services Automobile Assn

State savings bank · OCC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

59

Q2 2024Q2 2026peer median (50)

Asset Quality

16

Q2 2024Q2 2026peer median (50)

Profitability

64

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

12

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

USAA Federal Savings Bank

Phoenix, AZ · Cert 32188 · United Services Automobile Assn

State savings bank · OCC · 2 branches

Q2 2026

$106.2BAssets
$46.2BLoans
$92.0BDeposits
$5.8BEquity
Loan mix
5%RE $2.0B0%C&I $0.0B95%Consumer $42.2BQ3 2024Q2 2026
Deposit mix
100%Interest-bearing $91.6B0%Noninterest $0.4BQ3 2024Q2 2026

Market Position · San Antonio-New Braunfels, TX · 2026 SOD (annual) · 52.5% share · #1 of 66 inst. · $92.0B of $175.0B

56.0% Bexar
0.0% Maricopa

Executive Summary

  • Earnings: ROA of 0.90%, up 43 bps year over year; NIM at 4.92%.
  • Asset quality: problem loans at 1.07% of loans (-4 bps YoY), with net charge-offs at 2.03%.
  • Capital: tier 1 leverage ratio of 9.29%, up 61 bps from a year ago.
  • Funding: loans stand at 50.25% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.90%+43 bps YoY

Net Interest Margin (YTD, annualized)

4.92%+48 bps YoY

Efficiency Ratio (YTD, annualized)

69.23%-526 bps YoY

Tier 1 Leverage Ratio

9.29%+61 bps YoY

NIM

4.94%Q2 ’245.15%Q2 ’255.35%Q2 ’26+13%+11%

Non-interest income vs. expense

4.73%Q2 ’244.62%Q2 ’254.69%Q2 ’26-6%-1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.08%-0.10%0.15%0.47%0.45%0.40%0.82%0.90%+43 bps
Return on Equity2.25%-2.85%3.88%11.87%10.83%9.32%16.55%17.44%+557 bps
Net Interest Margin4.02%4.07%4.29%4.44%4.60%4.66%4.84%4.92%+48 bps
Efficiency Ratio82.48%85.68%77.63%74.49%75.59%76.02%69.24%69.23%-526 bps
Non-Interest Burden3.01%3.24%2.95%2.86%3.03%3.10%2.79%2.83%-2 bps
Growth
Asset Growth (YoY)0.82%-1.04%-2.85%-4.69%-4.91%-1.13%-1.00%-0.27%+442 bps
Loan Growth (YoY)1.44%0.86%-0.66%-0.65%-1.18%-0.21%1.22%4.99%+564 bps
Deposit Growth (YoY)-1.80%-1.46%-3.33%-5.43%-4.83%-2.68%-2.42%-0.86%+458 bps
Asset Quality
Nonperforming Loans / Loans1.07%1.13%1.13%1.11%1.10%1.14%1.15%1.07%-4 bps
Net Charge-Offs / Loans1.87%1.90%2.22%2.11%2.05%2.02%2.20%2.03%-8 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio8.63%8.48%8.44%8.68%8.93%9.05%9.08%9.29%+61 bps
Total Risk-Based Capital17.74%17.57%17.63%17.93%18.11%18.22%18.46%18.65%+72 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits46.79%47.04%44.96%47.45%48.59%48.23%46.64%50.25%+280 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

USAA Federal Savings Bank

Phoenix, AZ · Cert 32188 · Peer group: banks over $10B in assets (n=142-144) · United Services Automobile Assn

State savings bank · OCC · 2 branches

Q2 2026

$106.2BAssets
$46.2BLoans
$92.0BDeposits
$5.8BEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 90% of banks over $10B in assets (rank 14 of 144).
  • Widest gap: equity / assets trails 100% of banks over $10B in assets (rank 144 of 144).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.91%

Rank 118 of 144

Net Interest Margin

4.92%

Rank 14 of 144

Efficiency Ratio

69.23%

Rank 128 of 144

Equity / Assets

5.48%

Rank 144 of 144

Non-interest income vs. expense

$2.0B$5.0BINCOMEEXPENSE
Unfavorable gap of $3.0B · efficiency ratio beats 12% of banks over $10B in assets
Bank 69.23%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.91%1.00%1.26%1.54%Beats 18%118 / 144
Return on Equity16.63%8.98%11.34%14.40%Beats 83%25 / 144
Net Interest Margin4.92%2.82%3.31%3.68%Beats 90%14 / 144
Efficiency Ratio69.23%49.42%56.02%62.41%Beats 12%128 / 144
Asset Quality
Nonperforming Loans / Loans1.07%0.48%0.73%1.07%Beats 25%107 / 142
Net Charge-Offs / Loans1.29%0.05%0.11%0.22%Beats 6%135 / 142
Capital
Tier 1 Capital Ratio17.37%12.07%12.98%14.92%Beats 88%18 / 144
Total Risk-Based Capital Ratio18.65%13.39%14.14%16.25%Beats 88%18 / 144
Equity / Assets5.48%9.69%11.39%12.96%Beats 0%144 / 144
Liquidity & Funding
Loans / Deposits50.25%75.72%84.92%91.56%6th pctl135 / 143
Loans / Assets43.52%59.83%69.07%74.80%10th pctl130 / 144
Brokered Deposits / Depositsn/aNot reported for this institution