Frost Bank: how it compares with its peers
Against 52 U.S. banks with half to twice its assets, Frost Bank's strongest measure in Q2 2026 is return on assets (1.31% vs. a 1.24% peer median). Its weakest relative measure is assets per employee ($8.8M vs. $12.7M).
| Measure | Frost Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.31% | 1.24% | Middle third Ahead of 58% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.62% | 3.52% | Middle third Ahead of 58% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 62.25% | 53.38% | Bottom third Ahead of 17% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.8M | $12.7M | Bottom third Ahead of 10% of peers |
| Loans to deposits Net loans and leases over total deposits. | 51.98% | 85.71% | Context |
What it means for lending operations
Its efficiency ratio of 62.25% is above the 53.38% 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
- BOKF, National Association Tulsa, OK · $52.98B
- Associated Bank, National Association Green Bay, WI · $51.76B
- SoFi Bank, National Association Cottonwood Heights, UT · $56.82B
- First National Bank of Pennsylvania Greenville, PA · $50.80B
- Bank of China New York, NY · $48.52B
Questions about Frost Bank
How big is Frost Bank?
Frost Bank, established in 1899, is headquartered in San Antonio, TX. It reported $53.95B in total assets in its Q2 2026 FDIC call report and operates 224 offices.
What is Frost Bank's return on assets?
1.31% annualized in Q2 2026, against a 1.24% median for 52 U.S. banks with half to twice its assets, ahead of 58% of them.
What is Frost Bank's efficiency ratio?
62.25% in Q2 2026: it spent about 62 cents in noninterest expense for each dollar of revenue. The peer median is 53.38%, and lower is better.
Is Frost Bank growing its loans?
Net loans grew 8.2% over the year to Q2 2026, while deposits grew 3.5%.
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 U.S. 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 Texas bank ranked.