Bitgo Bank & Trust, N.A.: Profitability Analysis
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As of 3Q26, from the Call Report income statement (Schedule RI), balance sheet (Schedule RC) and quarterly averages (Schedule RC-K).
In 3Q26, net income of $13.4M for the quarter was a return on assets of 1.23%. Return on equity is not shown because the prior quarter's equity is not served. Each line below is the quarter's amount times four over average assets of $4.36B; income adds to the return and expense takes from it.
Return on assets, line by line, 3Q26
The income statement for the quarter, each line as a share of average assets. The contributions add up to return on assets.
| Line | Effect on net income | Of average assets | Contribution to return on assets | Source |
|---|---|---|---|---|
| Net interest income | +$120.7M | 11.07% | +11.07% | RIAD4074 |
| Noninterest income | +$3.33B | 305.95% | +305.95% | RIAD4079 |
| Noninterest expense | -$3.44B | 315.44% | -315.44% | RIAD4093 |
| Pre-provision net revenue | +$17.2M | +1.58% | net interest income plus noninterest income less noninterest expense | |
| Provision for credit losses | +$0 | 0.00% | -0.00% | RIADJJ33 |
| Realized gains on securities | +$0 | 0.00% | +0.00% | RIAD3521, RIAD3196 |
| Other items before tax | +$0 | 0.00% | +0.00% | RIADHT70 (remainder) |
| Income before taxes | +$17.2M | +1.58% | RIAD4301 | |
| Income taxes | -$3.9M | 0.35% | -0.35% | RIAD4302 |
| Discontinued operations less noncontrolling interests | +$0 | 0.00% | +0.00% | RIADFT28, RIADG103 (remainder) |
| Net income: return on assets | +$13.4M | +1.23% | RIAD4340 |
From return on assets to return on equity
| Return on assets | 1.23% | net income $13.4M x 4 / average assets $4.36B |
|---|---|---|
| Times: average assets to average equity | — | $4.36B / average equity — (the mean of — and $64.9M at the two quarter ends) |
| Return on equity | — | not available |
The same return on equity in three factors
| Net income to revenue (how much of each dollar of revenue is kept) | 0.39% | $13.4M / revenue $3.45B |
|---|---|---|
| Times: revenue to average assets (how hard the assets work) | 317.02% | revenue x 4 / $4.36B |
| Times: average assets to average equity (leverage) | — | as above |
| Return on equity | — | the product of the three |
Revenue is net interest income plus noninterest income. Income taxes were 22.42% of income before taxes. The lines add up to net income as filed. Return on assets equal the published figures on our bank pages.
1 quarters against the asset-tier median
| Quarter | ROE | ROA | Efficiency | Tier median ROE | Tier median ROA | Tier median Efficiency |
|---|---|---|---|---|---|---|
| 3Q26 | — | 1.23% | 99.50% | 12.84% | 1.32% | 57.47% |
These are the published figures on our bank pages. A dash means not reported for that quarter, or withheld because it falls outside a plausible range (for example, return on equity over negative equity). Tier medians are the served benchmark for banks in the same asset tier.
Against similar banks, 3Q26
| Bank | Assets | ROE | ROA | Assets / equity | NII / AA | Fee income / AA | Expense / AA | Provision / AA | PPNR / AA | NI / revenue |
|---|---|---|---|---|---|---|---|---|---|---|
| Bitgo Bank & Trust, N.A. (this bank) | — | 1.23% | — | 11.07% | 305.95% | 315.44% | 0.00% | 1.58% | 0.39% | |
| First Federal Bank | $4.51B | 11.13% | 1.06% | 10.47x | 2.93% | 1.04% | 2.68% | 0.01% | 1.29% | 26.76% |
| First State Community Bank | $4.50B | 13.53% | 1.68% | 8.06x | 3.60% | 1.31% | 2.49% | 0.33% | 2.43% | 34.16% |
| American Business Bank | $4.53B | 15.85% | 1.51% | 10.50x | 3.92% | 0.30% | 1.81% | 0.04% | 2.42% | 35.70% |
| Metro City Bank | $4.54B | 18.64% | 2.16% | 8.62x | 3.86% | 0.44% | 1.76% | -0.01% | 2.55% | 50.18% |
| ChoiceOne Bank | $4.46B | 11.86% | 1.35% | 8.76x | 3.51% | 0.62% | 2.37% | 0.08% | 1.75% | 32.82% |
| International Bank of Commerce | $4.57B | 15.58% | 1.89% | 8.25x | 3.15% | 1.12% | 1.78% | 0.11% | 2.50% | 44.16% |
| First Business Bank | $4.44B | 15.64% | 1.61% | 9.73x | 3.63% | 0.80% | 2.40% | 0.14% | 2.03% | 36.30% |
| Hingham Institution for Savings | $4.58B | 9.88% | 1.11% | 8.92x | 2.19% | 0.03% | 0.73% | 0.06% | 1.49% | 50.00% |
| Texas Exchange Bank | $4.43B | 3.60% | 0.42% | 8.52x | 1.75% | 5.11% | 5.84% | 0.43% | 1.03% | 6.16% |
| Town Bank, N.A. | $4.60B | 12.94% | 1.31% | 9.88x | 2.86% | 0.37% | 1.34% | 0.12% | 1.89% | 40.57% |
| Peer 25th percentile | 11.31% | 1.16% | 8.55x | 2.88% | 0.39% | 1.76% | 0.04% | 1.56% | 33.16% | |
| Peer median | 13.24% | 1.43% | 8.84x | 3.33% | 0.71% | 2.09% | 0.10% | 1.96% | 36.00% | |
| Peer 75th percentile | 15.63% | 1.66% | 9.84x | 3.62% | 1.10% | 2.47% | 0.14% | 2.42% | 43.26% | |
| This bank's percentile | — | 30 | — | 100 | 100 | 100 | 10 | 30 | 0 |
Every bank in this table, this one included, is measured the same way for 3Q26: each income statement line for the quarter times four over its Schedule RC-K average assets. AA is average assets; PPNR is pre-provision net revenue. The percentile places this bank in the peer range, 0 the lowest and 100 the highest; for an expense or the provision, lower is better. Similar banks are the nearest banks by size in the same asset tier.
Source: FFIEC Call Report Schedule RI (income statement, for the single quarter), Schedule RC (equity capital) and Schedule RC-K (average total assets), as filed. Ratios are annualized as the quarter times four. The same figures are in the API at /api/v1/banks/6060819/profitability-analysis/ and in the Excel workbook. Next: the income tab, the net interest margin analysis, the credit quality analysis, the peer analysis, or the full profile.