Charles Schwab Trust Bank
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Data as of · sourced from FFIEC call reports. How we update
Charles Schwab Trust Bank is an FDIC-insured commercial bank headquartered in Westlake, TX, established in 2018 (FDIC certificate 59108), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $10.51B, up 8.7% from Q2 2025, the 10th largest of 346 banks headquartered in Texas.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 59108
- Headquarters
- Westlake, TX
- Established
- 2018
- Total assets, Q2 2026
- $10.51B
- Assets vs Q2 2025
- +8.7%
- Capital ratio
- Not reported
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 111994416
- Latest call report
- Q2 2026, FFIEC 031 · Charles Schwab Trust Bank call report
- Holding company
- CHARLES SCHWAB CORPORATION, THE
- Asset rank in state
- 10th of 346 in Texas
Charles Schwab Trust Bank is one of the more profitable banks of its size. Based in Westlake, Texas, it had $10.5 billion in assets at June 30, 2026, up 8.7% from a year earlier. It earns about $2.03 a year on every $100 of assets, higher than about 9 in 10 of the 127 banks with $10 billion to $100 billion in assets (median $1.32). It also spends about 24 cents to bring in each dollar of revenue, about half the median of 53 cents for banks its size.
Unrealized losses on its securities total $333 million, equal to 29% of Tier 1 capital, against 29% a year earlier. Net income for the quarter rose 13% from a year earlier, to $54 million. Its margin is thin by comparison: it keeps 2.51 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.63 cents).
As of June 30, 2026, Charles Schwab Trust Bank reported a CET1 capital ratio of 79.60%, a return on assets of 2.03% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Charles Schwab Trust Bank is the 10th largest of the 346 banks headquartered in Texas. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.9% to $10.51B, deposits rose 0.6%. The FDIC Summary of Deposits lists a single office for it, in Westlake, TX. On its Q2 2026 call report, Charles Schwab Trust Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 3000 Schwab Way, Westlake, TX 76262
- County
- Denton
- Metro Area
- Dallas-Fort Worth-Arlington, TX
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 11, Dallas
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 031
- Established
- July 2, 2018
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 255
- Domestic deposits
- $9.68B
- Allowance for credit losses
- $0
- Net charge-offs (YTD)
- $0
- Average total assets
- $10.68B
- Average total loans
- $0
- Average interest-bearing deposits
- $8.05B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- July 2, 2018
- FDIC Cert
- 59108
- Fed RSSD
- 5278251
- SEC CIK
- 316709 → filed by CHARLES SCHWAB CORPORATION, THE
- Parent Holding Company
- CHARLES SCHWAB CORPORATION, THE (RSSD 1026632) · SCHW
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Richard A Wurster | CEO | President & CEO |
| Walter W Bettinger | CHR | Co-Chairman |
| Michael D Verdeschi | CFO | CFO |
| Joseph R Martinetto | COO | COO |
| Nigel J Murtagh | CRO | Chief Risk Officer |
| Peter J. Morgan Iii | GC | General Counsel |
Profitability
Q2 annualizedAsset Quality
Capital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Charles Schwab Trust Bank's total assets ranged from $9.45B (Q2 2024) to $11.44B (Q3 2023), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$10.51B total assets against $9.67B; $9.70B total liabilities against $8.88B.
$0 net loans and leases against $0; $9.68B total deposits against $8.86B.
$9.21B securities against $8.24B; $848.0M cash and balances due against $1.19B.
$70.1M total interest income against $63.1M; $6.3M total interest expense against $7.3M.
$63.8M net interest income against $55.8M.
$30.4M total noninterest income against $28.7M; $22.3M total noninterest expense against $22.9M.
No provision recorded in the last 12 quarters.
$54.3M net income against $48.2M.
2.03% return on assets against 1.92%; 2.51% net interest margin against 2.35%.
79.60% CET1 capital ratio against 86.30%; 10.93% tier 1 leverage ratio against 12.32%.
Inside the full Charles Schwab Trust Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this 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.
Charles Schwab Trust Bank rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.67% (Q3 2024) to 2.03% (Q2 2026) and its net interest margin ran from 2.08% (Q3 2024) to 2.51% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 79.60% | 2.03% | — | 0.00% | 2.51% |
| Q1 2026 | 79.59% | 1.95% | — | 0.00% | 2.43% |
| Q4 2025 | 85.96% | 1.95% | — | 0.00% | 2.45% |
| Q3 2025 | 82.80% | 1.99% | — | 0.00% | 2.39% |
| Q2 2025 | 86.30% | 1.92% | — | 0.00% | 2.35% |
| Q1 2025 | 86.92% | 1.81% | — | 0.00% | 2.34% |
| Q4 2024 | 89.77% | 1.96% | — | 0.00% | 2.28% |
| Q3 2024 | 98.11% | 1.67% | — | 0.00% | 2.08% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Charles Schwab Trust Bank (main office) | Westlake , TX | 76262 | $9.68B |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.6% of deposits in TX, rank 20 of 441 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Consumer complaints
- 370 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q4 to 2026-Q3. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Charles Schwab Trust Bank
What are Charles Schwab Trust Bank's total assets?
As of the Q2 2026 filing, Charles Schwab Trust Bank reported total assets of $10.51 billion in its FFIEC call report.
Where is Charles Schwab Trust Bank headquartered?
It is headquartered in Westlake, TX, United States.
When was Charles Schwab Trust Bank founded?
It was established in 2018, per the FDIC institution directory.
Is Charles Schwab Trust Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #59108). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Charles Schwab Trust Bank?
Charles Schwab Trust Bank's primary federal regulator is the Federal Reserve.
What is Charles Schwab Trust Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 79.60% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Charles Schwab Trust Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Charles Schwab Trust Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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