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, fully taxable-equivalent basis 1.12% 0.96%”
Read it in the filing ↗
Efficiency ratio
Non-interest expense as % of revenue. Lower is leaner.
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| 74.6% | 72.4% | 78.3% | 72.9% | 72.8% |
XBRL: NoninterestExpense, 0000093751-26-000124; InterestIncomeExpenseNet, 0000093751-26-000124; NoninterestIncome, 0000093751-26-000124
Loans to deposits
How much of its deposits the bank has lent out.
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| 12.7% | 13.6% | 16.5% | 16.4% | 17.0% |
XBRL: FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss, 0000093751-26-000600; Deposits, 0000093751-26-000600
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 |
|---|---|---|---|---|
| 13.6% | 15.7% | 12.0% | 15.2% | 15.0% |
XBRL: NetIncomeLoss, 0000093751-26-000124; StockholdersEquity, 0000093751-26-000600; Goodwill, 0000093751-26-000600
Net interest income
Interest earned minus interest paid.
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| $1.9B | $2.5B | $2.8B | $2.9B | $3.0B |
XBRL: InterestIncomeExpenseNet, 0000093751-26-000124