USAA Federal Savings Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
USAA Federal Savings Bank is the 31st-largest bank in the United States, with $106.2 billion in assets at June 30, 2026. It is headquartered in Phoenix, Arizona. It earns about $0.98 a year on every $100 of assets, lower than about 9 in 10 of the 14 banks with $100 billion to $250 billion in assets (median $1.21). On the other hand, it pays an average of 0.46% on its deposits and borrowings, a small fraction of the median of 2.26% for banks its size.
Paper losses on its bond portfolio are shrinking: unrealized losses of $4.1 billion equal 41% of Tier 1 capital, down from 52% a year earlier. Loans and deposits moved in opposite directions: over the year loans rose 5.0% and deposits fell 0.9%. Costs are the weak spot: it spends about 69 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 55 cents).
As of June 30, 2026, USAA Federal Savings Bank reported a CET1 capital ratio of 16.89%, a return on assets of 0.98%, a nonperforming-loan ratio of 1.07% and a Texas ratio of 5.13%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 1 Norterra Dr, Phoenix, AZ 85085
- County
- Maricopa
- Metro Area
- Phoenix-Mesa-Chandler, AZ
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- —
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 031
- Established
- December 30, 1983
- Offices
- 5 domestic
- Employees (FTE)
- 11,883
- Domestic deposits
- $91.97B
- Allowance for credit losses
- $1.89B
- Net charge-offs (YTD)
- $469.0M
- Average total assets
- $106.21B
- Average total loans
- $44.98B
- Average interest-bearing deposits
- $88.79B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 32188
- Fed RSSD
- 619877
- SEC CIK
- 1021249 → filed by UNITED SERVICES AUTOMOBILE ASSOCIATION
- Website
- www.usaa.com →
- Parent Holding Company
- USAA CAPITAL CORP. (RSSD 1447385)
- Ultimate Parent
- UNITED SERVICES AUTOMOBILE ASSOCIATION (RSSD 1447376)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. The UBPR's YTD ROA divides by the average of the quarterly average assets the bank reports on Schedule RC-K, while FDIC BankFind divides by the average of quarter-end total assets, so FDIC's ROA can differ from the YTD figure by a few hundredths of a point.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full USAA Federal Savings Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock USAA Federal Savings Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Held-to-maturity securities carry unrealized losses equal to more than a quarter of book equity. Because HTM is held at amortized cost, these losses are not reflected in reported capital, the dynamic that masked Silicon Valley Bank's insolvency before its March 2023 failure. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
USAA Federal Savings Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.89% | 0.98% | 1.07% | 5.13% | 5.17% |
| Q1 2026 | 16.69% | 0.85% | 1.15% | 5.45% | 4.99% |
| Q4 2025 | 16.46% | 0.26% | 1.14% | 5.70% | 4.92% |
| Q3 2025 | 16.35% | 0.41% | 1.10% | 5.59% | 4.90% |
| Q2 2025 | 16.17% | 0.80% | 1.11% | 5.73% | 4.69% |
| Q1 2025 | 15.87% | 0.15% | 1.13% | 6.06% | 4.44% |
| Q4 2024 | 15.82% | -0.64% | 1.13% | 6.57% | 4.35% |
| Q3 2024 | 15.99% | 0.03% | 1.07% | 5.57% | 4.18% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 2 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Mcdermott Branch | San Antonio , TX | 78288 | $91.97B |
| USAA Federal Savings Bank (main office) | Phoenix , AZ | 85085 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| June 1, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 1, 2024 | Structure Change | Acquired USAA Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 1, 1993 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1993 | Structure Change | Acquired USAA Financial Services Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
What the public regulatory sources show for USAA Federal Savings Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 6 against the institution (OCC)
- December 18, 2024, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): USAA Federal Savings Bank
- March 17, 2022, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): USAA Federal Savings Bank
- March 17, 2022, OCC: Civil Money Penalty (CMP): USAA Federal Savings Bank
- November 11, 2020, OCC: Civil Money Penalty (CMP): USAA Federal Savings Bank
- October 14, 2020, OCC: Civil Money Penalty (CMP): USAA Federal Savings Bank
- Period: Most recent institution action December 18, 2024. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- — of deposits in AZ, rank 58 of 59 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 26,636 applications, 11,693 loans originated, $4.09B originated, across 51 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- Not on file: no SBA 7(a) loans matched
- Period: not on file. Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about USAA Federal Savings Bank
What are USAA Federal Savings Bank's total assets?
As of the Q2 2026 filing, USAA Federal Savings Bank reported total assets of $106.19 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is USAA Federal Savings Bank headquartered?
USAA Federal Savings Bank is headquartered in Phoenix, AZ, United States. It files quarterly FFIEC call reports, as every FDIC-insured savings institution must.
When was USAA Federal Savings Bank founded?
USAA Federal Savings Bank was established in 1983, per the FDIC institution directory.
Is USAA Federal Savings Bank FDIC-insured?
Yes. USAA Federal Savings Bank is an FDIC-insured savings institution (FDIC Certificate #32188). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates USAA Federal Savings Bank?
USAA Federal Savings Bank's primary federal regulator is the OCC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is USAA Federal Savings Bank's CET1 capital ratio?
USAA Federal Savings Bank reported a Common Equity Tier 1 (CET1) capital ratio of 16.89% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does USAA Federal Savings Bank operate?
USAA Federal Savings Bank operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is USAA Federal Savings Bank's Texas Ratio?
USAA Federal Savings Bank's Texas Ratio is 5.13% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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