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Square Financial Services, Inc.

Salt Lake City, UT · Cert 59177

State charter, non-member · FDIC · 1 branch

Q2 2026

$2.1BAssets
$1.4BLoans
$559.3MDeposits
$1.4BEquity
Loan mix
0%RE $0.0M38%C&I $434.0M62%Consumer $702.3MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $468.0M16%Noninterest $91.3MQ2 2025Q2 2026

NIM

15.43%Q2 ’2418.65%Q2 ’2538.07%Q2 ’26+24%+107%

Non-interest income vs. expense

19.62%Q2 ’2415.22%Q2 ’2511.58%Q2 ’26+5%-9%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.0% share · #27 of 57 inst. · $0.6B of $1175.7B

Executive Summary

  • Earnings: ROA of 37.48%, up 1,150 bps year over year; NIM at 37.74%.
  • Asset quality: problem loans at 0.67% of loans (-56 bps YoY), with net charge-offs at 14.14%.
  • Capital: tier 1 leverage ratio of 65.19%, down 65 bps from a year ago.
  • Funding: loans stand at 248.97% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

37.48%+1,150 bps YoY

Net Interest Margin (quarter, annualized)

37.74%+1,953 bps YoY

Efficiency Ratio (quarter, annualized)

16.20%-1,210 bps YoY

Tier 1 Leverage Ratio

65.19%-65 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets25.98%38.33%37.94%38.77%37.48%+1,150 bps
Return on Equity41.27%61.45%62.98%63.00%57.54%+1,627 bps
Net Interest Margin18.21%27.36%33.30%34.83%37.74%+1,953 bps
Efficiency Ratio28.29%22.03%15.59%14.59%16.20%-1,210 bps
Non-Interest Burden-20.37%-22.90%-26.38%-24.68%-22.15%-178 bps
Growth
Asset Growth (YoY)41.69%53.54%81.96%77.47%77.91%+3,622 bps
Loan Growth (YoY)106.14%141.95%122.08%134.98%124.06%+1,792 bps
Deposit Growth (YoY)44.96%44.35%66.03%50.11%50.77%+581 bps
Asset Quality
Nonperforming Loans / Loans1.23%1.20%1.16%0.97%0.67%-56 bps
Net Charge-Offs / Loans5.24%2.94%5.95%12.83%14.14%+890 bps
Allowance / Loans4.68%4.93%6.80%7.30%7.61%+293 bps
Allowance Coverage of NPLs3.8x4.1x5.8x7.6x11.4x+7.6x
Capital
Tier 1 Leverage Ratio65.84%67.03%60.58%61.54%65.19%-65 bps
Total Risk-Based Capital108.74%100.57%96.42%101.16%97.31%-1,142 bps
Equity / Assets62.35%62.39%58.51%64.39%65.80%+345 bps
Liquidity & Funding
Loans / Deposits167.53%189.21%197.31%230%249%+8,144 bps
Liquid Assets / Assets41.55%36.61%32.24%34.52%29.90%-1,164 bps
CRE / Total Capitaln/a0.00%0.00%0.00%n/an/a