Varo Bank, National Association
Draper, UT · Cert 59190 · Peer group: banks under $1B in assets (n=581-629) · Varo Money Inc.
National charter · OCC · 1 branch
Q2 2026
$337.8MAssets
$97.1MLoans
$209.8MDeposits
$68.9MEquity
Executive Summary
- Strongest standing: net interest margin outperforms 97% of banks under $1B in assets (rank 18 of 629).
- Widest gap: net charge-offs / loans trails 100% of banks under $1B in assets (rank 581 of 581).
- Overall: at or above the peer median on 5 of 9 directional measures.
Return on Assets
-27.57%
Rank 628 of 629
Net Interest Margin
5.19%
Rank 18 of 629
Efficiency Ratio
138.16%
Rank 607 of 629
Equity / Assets
20.39%
Rank 80 of 629
Non-interest income vs. expense
Unfavorable gap of $79.6M · efficiency ratio beats 4% of banks under $1B in assets | Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|
| Earnings |
| Return on Assets | -27.57% | 0.60% | 1.01% | 1.45% | Beats 0% | 628 / 629 | | |
| Return on Equity | -135.23% | 5.38% | 9.30% | 13.28% | Beats 0% | 628 / 629 | | |
| Net Interest Margin | 5.19% | 3.03% | 3.54% | 4.05% | Beats 97% | 18 / 629 | | |
| Efficiency Ratio | 138.16% | 58.35% | 67.79% | 79.08% | Beats 4% | 607 / 629 | | |
| Asset Quality |
| Nonperforming Loans / Loans | 0.42% | 0.09% | 0.46% | 1.20% | Beats 52% | 277 / 581 | | |
| Net Charge-Offs / Loans | 16.96% | n/a | 0.01% | 0.06% | Beats 0% | 581 / 581 | | |
| Capital |
| Tier 1 Capital Ratio | 18.46% | 11.24% | 13.84% | 18.77% | Beats 74% | 165 / 629 | | |
| Total Risk-Based Capital Ratio | 18.46% | 11.58% | 14.43% | 19.66% | Beats 71% | 181 / 629 | | |
| Equity / Assets | 20.39% | 9.09% | 10.65% | 13.80% | Beats 87% | 80 / 629 | | |
| Liquidity & Funding |
| Loans / Deposits | 46.27% | 67.24% | 80.90% | 93.48% | 9th pctl | 539 / 594 | | |
| Loans / Assets | 28.74% | 53.31% | 67.71% | 78.15% | 10th pctl | 564 / 629 | | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution |