Square Financial Services, Inc.: how it compares with its peers
Against 12 UT banks with half to twice its assets, Square Financial Services, Inc.'s strongest measure in Q2 2026 is return on assets (37.85% vs. a 2.04% peer median). Its weakest relative measure is assets per employee ($11.4M vs. $10.3M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 37.85% | 2.04% | Top third Ahead of 100% of peers |
| Net interest margin Annualized net interest income over earning assets. | 42.73% | 4.94% | Top third Ahead of 100% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 15.44% | 38.98% | Top third Ahead of 92% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $11.4M | $10.3M | Top third Ahead of 73% of peers |
| Loans to deposits Net loans and leases over total deposits. | 230.03% | 88.87% | Context |
What it means for lending operations
Its efficiency ratio of 15.44% is better than the 38.98% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Central Bank Provo, UT · $2.16B
- Column National Association Salt Lake City, UT · $1.77B
- Transportation Alliance Bank, Inc. d/b/a TAB Bank Ogden, UT · $1.59B
- Quill Bank Provo, UT · $1.56B
- State Bank of Southern Utah Cedar City, UT · $2.74B
Questions about Square Financial Services, Inc.
How big is Square Financial Services, Inc.?
Square Financial Services, Inc., established in 2021, is headquartered in Salt Lake City, UT. It reported $2.06B in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Square Financial Services, Inc.'s return on assets?
37.85% annualized in Q2 2026, against a 2.04% median for 12 UT banks with half to twice its assets, ahead of 100% of them.
What is Square Financial Services, Inc.'s efficiency ratio?
15.44% in Q2 2026: it spent about 15 cents in noninterest expense for each dollar of revenue. The peer median is 38.98%, and lower is better.
Is Square Financial Services, Inc. growing its loans?
Net loans grew 117.2% over the year to Q2 2026, while deposits grew 50.8%.
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.