PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Magnifi Financial

Melrose, MN · Charter 68604

NCUA · 28 branches

Q2 2026

$2.8BAssets
$2.3BLoans
$2.3BShares
$304.0MNet 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 0.61%, down 3 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 0.21% of loans (-26 bps YoY).
  • Capital: net worth / assets of 11.04%, down 18 bps from a year ago.
  • Funding: loans stand at 99.58% of shares as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.61%-3 bps YoY

Net Interest Margin (quarter, annualized)

3.26%+35 bps YoY

Efficiency Ratio (quarter, annualized)

75.23%-244 bps YoY

Net Worth / Assets

11.04%-18 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.64%0.56%0.70%0.45%0.61%-3 bps
Return on Equity5.72%5.08%6.29%4.02%5.51%-21 bps
Net Interest Margin2.91%3.00%3.08%3.10%3.26%+35 bps
Efficiency Ratio77.67%75.98%75.18%84.53%75.23%-244 bps
Growth
Asset Growth (YoY)2.57%3.23%7.16%7.12%9.59%+702 bps
Loan Growth (YoY)7.45%15.16%14.66%9.94%11.99%+454 bps
Share Growth (YoY)6.28%5.40%5.71%6.99%8.22%+194 bps
Asset Quality
Delinquent Loans / Loans0.46%0.47%0.36%0.18%0.21%-26 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 Capital11.22%11.06%11.20%11.18%11.04%-18 bps
Net Worth / Assets11.22%11.06%11.20%11.18%11.04%-18 bps
Liquidity & Funding
Loans / Shares96.23%99.43%100.00%96.60%99.58%+335 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps