PackageTrendsPeer
Letter portraitLegal landscape

Sallie Mae Bank

Salt Lake City, UT · Cert 58177

State charter, non-member · FDIC · 1 branch

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

22

Q2 2024Q2 2026peer median (50)

Asset Quality

33

Q2 2024Q2 2026peer median (50)

Profitability

95

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

92

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

Sallie Mae Bank

Salt Lake City, UT · Cert 58177

State charter, non-member · FDIC · 1 branch

Q2 2026

$28.5BAssets
$21.1BLoans
$20.3BDeposits
$2.9BEquity
Loan mix
0%RE $0.0B0%C&I $0.0B100%Consumer $21.5BQ2 2025Q2 2026
Deposit mix
99%Interest-bearing $20.2B1%Noninterest $0.1BQ2 2025Q2 2026

NIM

9.17%Q2 ’248.97%Q2 ’258.67%Q2 ’26-3%-4%

Non-interest income vs. expense

2.00%Q2 ’241.95%Q2 ’252.23%Q2 ’26+215%+103%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 1.7% share · #9 of 57 inst. · $20.3B of $1175.7B

Executive Summary

  • Earnings: ROA of 2.77%, down 16 bps year over year; NIM at 5.08%.
  • Asset quality: problem loans at 0.65% of loans (+9 bps YoY), with net charge-offs at 1.91%.
  • Capital: tier 1 leverage ratio of 10.17%, down 5 bps from a year ago.
  • Funding: loans stand at 103.90% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.77%-16 bps YoY

Net Interest Margin (YTD, annualized)

5.08%-20 bps YoY

Efficiency Ratio (YTD, annualized)

32.99%+494 bps YoY

Tier 1 Leverage Ratio

10.17%-5 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.92%2.66%2.90%4.31%2.77%-16 bps
Return on Equity30.23%27.16%29.63%43.20%27.51%-272 bps
Net Interest Margin5.28%5.26%5.23%5.25%5.08%-20 bps
Efficiency Ratio28.04%28.57%28.58%26.43%32.99%+494 bps
Non-Interest Burden0.27%0.15%0.29%-0.37%0.55%+28 bps
Growth
Asset Growth (YoY)2.84%-1.07%-1.01%1.81%-3.41%-625 bps
Loan Growth (YoY)12.19%3.53%1.54%-4.58%-6.96%-1,915 bps
Deposit Growth (YoY)-1.23%-6.80%0.31%1.91%-2.34%-110 bps
Asset Quality
Nonperforming Loans / Loans0.55%0.63%0.67%0.71%0.65%+9 bps
Net Charge-Offs / Loans1.50%1.43%1.52%1.65%1.91%+41 bps
Allowance / Loans6.51%6.61%6.32%6.45%6.45%-6 bps
Allowance Coverage of NPLs11.8x10.6x9.5x9.1x10.0x-1.8x
Capital
Tier 1 Leverage Ratio10.21%10.40%9.88%10.33%10.17%-5 bps
Total Risk-Based Capital12.78%12.58%12.39%13.66%13.09%+31 bps
Equity / Assets9.95%10.19%9.72%10.26%10.19%+24 bps
Liquidity & Funding
Loans / Deposits109.07%114.76%105.68%103.62%103.90%-517 bps
Liquid Assets / Assets14.28%12.40%14.69%17.86%15.68%+140 bps
CRE / Total Capitaln/a0.00%0.00%0.00%n/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

Sallie Mae Bank

Salt Lake City, UT · Cert 58177 · Peer group: banks over $10B in assets (n=142-144)

State charter, non-member · FDIC · 1 branch

Q2 2026

$28.5BAssets
$21.1BLoans
$20.3BDeposits
$2.9BEquity

Executive Summary

  • Strongest standing: return on assets outperforms 97% of banks over $10B in assets (rank 5 of 144).
  • Widest gap: net charge-offs / loans trails 93% of banks over $10B in assets (rank 133 of 142).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

2.83%

Rank 5 of 144

Net Interest Margin

5.08%

Rank 13 of 144

Efficiency Ratio

32.99%

Rank 12 of 144

Equity / Assets

10.19%

Rank 95 of 144

Non-interest income vs. expense

$487.4M$646.9MINCOMEEXPENSE
Unfavorable gap of $159.5M · efficiency ratio beats 92% of banks over $10B in assets
Bank 32.99%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.83%1.00%1.26%1.54%Beats 97%5 / 144
Return on Equity27.81%8.98%11.34%14.40%Beats 97%5 / 144
Net Interest Margin5.08%2.82%3.31%3.68%Beats 91%13 / 144
Efficiency Ratio32.99%49.42%56.02%62.41%Beats 92%12 / 144
Asset Quality
Nonperforming Loans / Loans0.65%0.48%0.73%1.07%Beats 58%61 / 142
Net Charge-Offs / Loans1.07%0.05%0.11%0.22%Beats 7%133 / 142
Capital
Tier 1 Capital Ratio11.78%12.07%12.98%14.92%Beats 16%121 / 144
Total Risk-Based Capital Ratio13.09%13.39%14.14%16.25%Beats 17%120 / 144
Equity / Assets10.19%9.69%11.39%12.96%Beats 34%95 / 144
Liquidity & Funding
Loans / Deposits103.90%75.72%84.92%91.56%93rd pctl10 / 143
Loans / Assets74.00%59.83%69.07%74.80%70th pctl43 / 144
Brokered Deposits / Depositsn/aNot reported for this institution