Utah bank rankings, Q2 2026
44 FDIC-insured banks are headquartered in Utah, holding $1367.25B in combined assets as of Q2 2026. The median bank has $2.79B in assets, earns a 1.84% return on assets, and runs a 55.96% efficiency ratio.
Highest return on assets among community banks
- Column National Association Salt Lake City 8.13%
- Quill Bank Provo 5.29%
- Utah Independent Bank Salina 3.43%
- Prime Alliance Bank Woods Cross 3.41%
- Continental Bank Salt Lake City 2.63%
- Central Bank Provo 2.06%
- Brighton Bank Salt Lake City 1.86%
- State Bank of Southern Utah Cedar City 1.76%
- FinWise Bank Murray 1.42%
- Grand Valley Bank Heber City 1.19%
Most efficient community banks (lowest efficiency ratio)
- Prime Alliance Bank Woods Cross 20.62%
- Quill Bank Provo 32.43%
- Column National Association Salt Lake City 38.91%
- Utah Independent Bank Salina 42.95%
- State Bank of Southern Utah Cedar City 45.84%
- Central Bank Provo 48.19%
- FinWise Bank Murray 56.77%
- Grand Valley Bank Heber City 59.67%
- Transportation Alliance Bank, Inc. d/b/a TAB Bank Ogden 61.08%
- First Utah Bank Salt Lake City 61.17%
Top-ten lists include FDIC-designated community banks with at least $100M in assets; trust companies and specialty subsidiaries appear in the full table only.
Every Utah bank
| Bank | Assets | ROA | Efficiency | NIM |
|---|---|---|---|---|
| Morgan Stanley Bank, National Association Salt Lake City | $419.32B | 1.56% | 36.83% | 1.53% |
| American Express National Bank Sandy | $213.95B | 3.70% | 71.78% | 8.49% |
| Ally Bank Sandy | $188.18B | 1.20% | 48.96% | 4.14% |
| UBS Bank USA, National Association Salt Lake City | $124.44B | 1.09% | 26.34% | 1.96% |
| Synchrony Bank Draper | $115.22B | 2.84% | 36.71% | 12.91% |
| Zions Bancorporation, N.A. Salt Lake City | $89.04B | 1.55% | 62.57% | 3.28% |
| SoFi Bank, National Association Cottonwood Heights | $56.82B | 1.98% | 67.20% | 6.07% |
| Sallie Mae Bank Salt Lake City | $28.54B | 2.77% | 32.99% | 5.48% |
| Optum Bank, Inc. Draper | $21.43B | 2.55% | 25.72% | 4.50% |
| Comenity Capital Bank Draper | $13.86B | 1.65% | 55.14% | 19.26% |
| BMW Bank of North America Salt Lake City | $13.80B | 2.29% | 17.13% | 3.04% |
| Happen Bank, National Association Lehi | $12.48B | 1.82% | 74.08% | 6.30% |
| WEX Bank Sandy | $10.71B | 4.30% | 57.30% | 10.58% |
| Merrick Bank South Jordan | $9.13B | 2.55% | 32.44% | 19.58% |
| Green Dot Bank DBA Bonneville Bank Provo | $5.44B | 1.61% | 92.51% | 6.17% |
| Celtic Bank Salt Lake City | $5.33B | 3.41% | 33.21% | 6.05% |
| Sunwest Bank Sandy | $4.41B | 1.62% | 61.60% | 4.29% |
| Bank of Utah Ogden | $3.79B | 1.30% | 61.65% | 3.53% |
| Cache Valley Bank Logan | $3.49B | 1.96% | 39.05% | 4.45% |
| Nelnet Bank Draper | $3.00B | 1.23% | 36.07% | 3.05% |
| WebBank Salt Lake City | $2.86B | 4.68% | 63.14% | 15.79% |
| Medallion Bank Salt Lake City | $2.83B | 2.15% | 27.69% | 8.58% |
| State Bank of Southern Utah Cedar City | $2.74B | 1.76% | 45.84% | 4.22% |
| Central Bank Provo | $2.16B | 2.06% | 48.19% | 4.94% |
| Square Financial Services, Inc. Salt Lake City | $2.06B | 37.85% | 15.44% | 42.73% |
| Column National Association Salt Lake City | $1.77B | 8.13% | 38.91% | 8.63% |
| Transportation Alliance Bank, Inc. d/b/a TAB Bank Ogden | $1.59B | 1.05% | 61.08% | 6.60% |
| Quill Bank Provo | $1.56B | 5.29% | 32.43% | 16.84% |
| Prime Alliance Bank Woods Cross | $1.09B | 3.41% | 20.62% | 4.93% |
| FinWise Bank Murray | $915M | 1.42% | 56.77% | 13.58% |
| Thrivent Bank Salt Lake City | $906M | -1.62% | 128.94% | 5.54% |
| First Utah Bank Salt Lake City | $840M | 0.74% | 61.17% | 4.50% |
| The Pitney Bowes Bank, Inc. Salt Lake City | $796M | 5.34% | 32.04% | 8.09% |
| Grand Valley Bank Heber City | $599M | 1.19% | 59.67% | 3.76% |
| First Electronic Bank Salt Lake City | $503M | 7.94% | 45.91% | 17.17% |
| Milestone Bank Salt Lake City | $342M | 0.69% | 59.64% | 5.70% |
| Varo Bank, National Association Draper | $338M | -25.68% | 131.06% | 7.26% |
| Brighton Bank Salt Lake City | $322M | 1.86% | 62.06% | 4.82% |
| Continental Bank Salt Lake City | $182M | 2.63% | 66.55% | 5.00% |
| Utah Independent Bank Salina | $171M | 3.43% | 42.95% | 6.88% |
| B2 Bank National Association Holladay | $115M | -1.47% | 122.73% | 3.43% |
| Home Savings Bank Salt Lake City | $109M | 0.89% | 67.15% | 3.91% |
| Redemption Bank Salt Lake City | $78M | -0.28% | 99.96% | 5.64% |
| Stitch Bank, Inc. Salt Lake City | $11M | -11.62% | 2281.08% | 0.57% |
Method
Banks are FDIC-insured institutions headquartered in Utah with a call report for the quarter ending 06/30/2026. Return on assets and net interest margin are annualized year to date; the efficiency ratio is noninterest expense over revenue, so lower is better. Credit unions are NCUA-insured and not included. Click any bank for its comparison with same-size peers, or look up a bank in another state.