The numbers that matter for banks
Numbers general screens compare wrongly. Some come from the 10-K's XBRL. The rest are quoted from the company's own filings, because there is no standard tag for them: the sentence is the source.
Net interest margin
What the bank earns on loans and securities minus what it pays on deposits, as % of earning assets.
“Net interest margin on a fully taxable equivalent (“FTE”) basis – Non-GAAP (b) 1.43% 1.45% 1.31% 1.42% 1.30%”
Read it in the filing ↗
Efficiency ratio
Non-interest expense as % of revenue. Lower is leaner.
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| 72.3% | 78.7% | 75.1% | 68.2% | 65.0% |
XBRL: NoninterestExpense, 0001390777-26-000033; InterestIncomeExpenseNet, 0001390777-26-000033; NoninterestIncome, 0001390777-26-000033
Loans to deposits
How much of its deposits the bank has lent out.
| FY2023 | FY2024 | FY2025 |
|---|---|---|
| 23.5% | 24.6% | 24.2% |
XBRL: FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss, 0001390777-26-000120; Deposits, 0001390777-26-000120
Return on tangible common equity
Net income over common equity without goodwill and intangibles (net income is before preferred dividends, so this runs a little high for banks with preferred stock).
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| 21.2% | 15.2% | 19.1% | 25.8% | 27.9% |
XBRL: NetIncomeLoss, 0001390777-26-000033; StockholdersEquity, 0001390777-26-000120; PreferredStockValue, 0001390777-26-000120; Goodwill, 0001390777-26-000120; IntangibleAssetsNetExcludingGoodwill, 0001390777-26-000120
Net interest income
Interest earned minus interest paid.
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| $2.6B | $3.5B | $4.3B | $4.3B | $4.9B |
XBRL: InterestIncomeExpenseNet, 0001390777-26-000033