PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Covantage

Antigo, WI · Charter 66848

NCUA · 23 branches

Q2 2026

$4.2BAssets
$3.4BLoans
$3.5BShares
$410.9MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of 1.19%, up 16 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 1.28% of loans (+59 bps YoY).
  • Capital: net worth / assets of 9.77%, up 31 bps from a year ago.
  • Funding: loans stand at 97.57% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.19%+16 bps YoY

Net Interest Margin (YTD, annualized)

2.93%+12 bps YoY

Efficiency Ratio (YTD, annualized)

60.74%-197 bps YoY

Net Worth / Assets

9.77%+31 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.03%1.08%1.05%1.18%1.19%+16 bps
Return on Equity10.85%11.59%11.13%12.37%12.15%+130 bps
Net Interest Margin2.81%2.78%2.79%2.94%2.93%+12 bps
Efficiency Ratio62.71%61.20%60.74%61.33%60.74%-197 bps
Growth
Asset Growth (YoY)4.57%7.73%10.05%9.64%9.71%+513 bps
Loan Growth (YoY)10.95%13.36%15.15%11.86%9.28%-167 bps
Share Growth (YoY)3.27%6.55%8.84%9.08%9.98%+671 bps
Asset Quality
Delinquent Loans / Loans0.69%1.10%1.30%1.13%1.28%+59 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital9.46%9.34%9.41%9.51%9.77%+31 bps
Net Worth / Assets9.46%9.34%9.41%9.51%9.77%+31 bps
Liquidity & Funding
Loans / Shares98.20%98.43%98.74%96.53%97.57%-63 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps