FinWise Bank: how it compares with its peers
Against 10 UT banks with half to twice its assets, FinWise Bank's strongest measure in Q2 2026 is net interest margin (13.58% vs. a 6.07% peer median). Its weakest relative measure is assets per employee ($4.4M vs. $6.2M).
| Measure | FinWise Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.42% | 2.72% | Middle third Ahead of 40% of peers |
| Net interest margin Annualized net interest income over earning assets. | 13.58% | 6.07% | Top third Ahead of 80% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.77% | 42.41% | Middle third Ahead of 40% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.4M | $6.2M | Bottom third Ahead of 11% of peers |
| Loans to deposits Net loans and leases over total deposits. | 95.40% | 88.87% | Context |
What it means for lending operations
Its efficiency ratio of 56.77% is above the 42.41% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Thrivent Bank Salt Lake City, UT · $906M
- First Utah Bank Salt Lake City, UT · $840M
- The Pitney Bowes Bank, Inc. Salt Lake City, UT · $796M
- Prime Alliance Bank Woods Cross, UT · $1.09B
- Grand Valley Bank Heber City, UT · $599M
- First Electronic Bank Salt Lake City, UT · $503M
Questions about FinWise Bank
How big is FinWise Bank?
FinWise Bank, established in 2000, is headquartered in Murray, UT. It reported $915M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is FinWise Bank's return on assets?
1.42% annualized in Q2 2026, against a 2.72% median for 10 UT banks with half to twice its assets, ahead of 40% of them.
What is FinWise Bank's efficiency ratio?
56.77% in Q2 2026: it spent about 57 cents in noninterest expense for each dollar of revenue. The peer median is 42.41%, and lower is better.
Is FinWise Bank growing its loans?
Net loans grew 5.5% over the year to Q2 2026, while deposits grew 9.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are UT banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Utah bank ranked.