PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

John Deere Financial, F.S.B.

Middleton, WI · Cert 35237 · Deere&Company

State savings bank · OCC · 1 branch

Q2 2026

$4.9BAssets
$4.9BLoans
$1.6BDeposits
$886.4MEquity
Loan mix
0%RE $0.0M25%C&I $171.5M75%Consumer $509.0MQ3 2024Q2 2026
Deposit mix
99%Interest-bearing $1.6B1%Noninterest $0.0BQ3 2024Q2 2026

Market Position · Madison, WI · 2026 SOD (annual) · 5.2% share · #6 of 41 inst. · $1.6B of $30.1B

Executive Summary

  • Earnings: ROA of 1.49%, up 234 bps year over year; NIM at 6.01%.
  • Asset quality: problem loans at 0.27% of loans (-2 bps YoY), with net charge-offs at 3.71%.
  • Capital: tier 1 leverage ratio of 19.36%, up 71 bps from a year ago.
  • Funding: loans stand at 314.52% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.49%+234 bps YoY

Net Interest Margin (quarter, annualized)

6.01%-3 bps YoY

Efficiency Ratio (quarter, annualized)

23.25%-102 bps YoY

Tier 1 Leverage Ratio

19.36%+71 bps YoY

NIM

11.90%Q2 ’2410.01%Q2 ’259.65%Q2 ’26-24%0%

Non-interest income vs. expense

2.52%Q2 ’241.95%Q2 ’251.82%Q2 ’26-113%+107%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets5.62%4.65%4.72%-0.85%5.81%5.17%5.09%1.49%+234 bps
Return on Equity32.87%23.19%21.10%-4.50%34.94%26.56%22.56%7.69%+1,218 bps
Net Interest Margin6.73%7.10%7.00%6.04%6.03%6.85%6.43%6.01%-3 bps
Efficiency Ratio25.73%22.40%27.13%24.28%20.88%21.79%26.61%23.25%-102 bps
Non-Interest Burden0.41%0.22%0.48%-0.04%-0.12%0.19%0.30%0.00%+4 bps
Growth
Asset Growth (YoY)-0.69%1.18%10.59%4.45%4.24%-1.16%8.36%8.66%+422 bps
Loan Growth (YoY)-0.81%0.95%10.49%4.46%4.30%-1.25%7.98%8.48%+402 bps
Deposit Growth (YoY)1.58%0.24%3.48%-1.58%-0.21%-5.18%2.45%2.42%+400 bps
Asset Quality
Nonperforming Loans / Loans0.30%0.43%1.33%0.29%0.29%0.37%0.92%0.27%-2 bps
Net Charge-Offs / Loans0.41%0.40%1.06%5.99%-0.80%-0.31%0.29%3.71%-228 bps
Allowance / Loans0.17%0.22%0.15%0.27%0.17%0.24%0.14%0.14%-12 bps
Allowance Coverage of NPLs0.5x0.5x0.1x0.9x0.6x0.7x0.2x0.5x-0.4x
Capital
Tier 1 Leverage Ratio17.35%19.59%23.37%18.65%16.26%19.04%24.63%19.36%+71 bps
Total Risk-Based Capital17.35%19.59%23.37%18.65%16.26%19.04%24.63%19.36%+71 bps
Equity / Assets17.02%24.07%20.85%17.20%16.08%24.19%21.17%17.96%+76 bps
Liquidity & Funding
Loans / Deposits280%254%283%297%293%265%298%315%+1,759 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/a0.00%0.00%0.00%n/an/a