SMBC Manubank: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
The standout move of Q2 2026 was in Cost of interest-bearing deposits: 3.33 percentage points lower than in Q1 2026, at -0.79%. SMBC Manubank has the 1st lowest net interest margin of the 114 banks headquartered in California, at 1.35% as of Q2 2026. SMBC Manubank's net interest margin of 1.35% is well below the 3.71% median for banks in the $1B-10B asset tier, a gap of 2.36 points (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 0.81% |
| Yield on loans | -0.16% |
| Yield on securities | 4.44% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | -0.58% |
| Cost of interest-bearing deposits | -0.79% |
| Cost of interest-bearing liabilities | -0.69% |
| Cost of borrowings | 1.02% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 1.35% |
| Yield to cost spread | 1.50% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | -$1.5M |
| Total interest expense | -$9.8M |
| Interest expense on deposits | -$11.0M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 6.34% | 3.07% | 3.76% | 6.83% | 5.15% |
| Q4 2023 | 6.33% | 3.64% | 3.19% | 6.97% | 5.26% |
| Q1 2024 | 6.50% | 3.74% | 3.30% | 7.27% | 5.07% |
| Q2 2024 | 6.88% | 3.75% | 3.68% | 7.67% | 5.08% |
| Q3 2024 | 6.96% | 3.90% | 3.59% | 7.72% | 5.06% |
| Q4 2024 | 6.73% | 3.72% | 3.51% | 7.61% | 4.66% |
| Q1 2025 | 6.23% | 3.42% | 3.38% | 7.26% | 4.35% |
| Q2 2025 | 6.22% | 3.45% | 3.28% | 7.34% | 4.34% |
| Q3 2025 | 6.40% | 3.43% | 3.46% | 7.42% | 4.39% |
| Q4 2025 | 6.32% | 3.33% | 3.42% | 7.51% | 4.35% |
| Q1 2026 | 2.56% | 2.34% | 0.45% | 1.72% | 4.29% |
| Q2 2026 | 0.81% | -0.58% | 1.35% | -0.16% | 4.44% |
SMBC Manubank yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock SMBC Manubank, freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full SMBC Manubank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 18618) · FFIEC NIC profile (RSSD 930965)