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.
“Assumptions Net Interest Margin Fee Income Growth Operating Leverage ~6% Low”
Read it in the filing ↗
Efficiency ratio
Non-interest expense as % of revenue. Lower is leaner.
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| 73.0% | 57.9% | 62.1% | 61.8% | 61.4% |
XBRL: NoninterestExpense, 0000049196-26-000015; InterestIncomeExpenseNet, 0000049196-26-000015; NoninterestIncome, 0000049196-26-000015
Loans to deposits
How much of its deposits the bank has lent out.
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| 76.7% | 79.4% | 79.2% | 78.7% | 83.3% |
XBRL: FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss, 0000049196-26-000090; Deposits, 0000049196-26-000090
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 |
|---|---|---|---|---|
| 11.0% | 22.4% | 17.1% | 15.9% | 14.2% |
XBRL: NetIncomeLoss, 0000049196-26-000015; StockholdersEquity, 0000049196-26-000090; PreferredStockValue, 0000049196-26-000090; Goodwill, 0000049196-26-000090
Net interest income
Interest earned minus interest paid.
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| $4.1B | $5.3B | $5.4B | $5.3B | $6.0B |
XBRL: InterestIncomeExpenseNet, 0000049196-26-000015