Square Financial Services, Inc.
BankRegReports is independent of Square Financial Services, Inc. and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Square Financial Services, Inc. is an FDIC-insured commercial bank headquartered in Salt Lake City, UT, established in 2021 (FDIC certificate 59177), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $2.06B, the 25th largest of 44 banks headquartered in Utah.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 59177
- Headquarters
- Salt Lake City, UT
- Established
- 2021
- Total assets, Q2 2026
- $2.06B
- Capital ratio
- Not reported
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 124085367
- Latest call report
- Q2 2026, FFIEC 051 · Square Financial Services, Inc. call report
- Asset rank in state
- 25th of 44 in Utah
Square Financial Services, Inc., based in Salt Lake City, Utah, reported $2.1 billion in assets at June 30, 2026, against $1.2 billion a year earlier. It pays an average of 1.03% on its deposits and borrowings, about half the median of 2.01% for the 895 banks with $1 billion to $10 billion in assets. It also holds common equity equal to 95.99% of its risk-weighted assets, 7.1 times the median of 13.52% for banks its size.
Earnings jumped: net income for the quarter was $181 million, 156% above the same quarter a year earlier. Problem loans roughly halved over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.67% of loans from 1.23%.
As of June 30, 2026, Square Financial Services, Inc. reported a CET1 capital ratio of 95.99%, a return on assets of 34.84%, a nonperforming-loan ratio of 0.67% and a Texas ratio of 0.64%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Square Financial Services, Inc. is the 25th largest of the 44 banks headquartered in Utah. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 14.0% to $2.06B, loans rose 22.3% and deposits rose 12.8%. The largest part of its loan book on June 30, 2026 was other consumer loans, at 65.9% of total loans, ahead of commercial and industrial loans at 33.9%. Its one office in the FDIC Summary of Deposits is in Salt Lake City, UT. By the capital ratios in its Q2 2026 call report, Square Financial Services, Inc. meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 3165 E Millrock Dr, Salt Lake City, UT 84121
- County
- Salt Lake
- Metro Area
- Salt Lake City-Murray, UT
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- March 1, 2021
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 181
- Domestic deposits
- $559.3M
- Allowance for credit losses
- $105.9M
- Net charge-offs (YTD)
- $85.7M
- Average total assets
- $2.08B
- Average total loans
- $1.25B
- Average interest-bearing deposits
- $575.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- March 1, 2021
- FDIC Cert
- 59177
- Fed RSSD
- 5582846
- Website
- www.squareup.com/us/en/banking →
Profitability
Q2 annualizedCapital & 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
Square Financial Services, Inc.'s total assets moved between a low of $635.3M (Q3 2023) and a high of $2.06B (Q2 2026) from Q3 2023 to Q2 2026, 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
$2.06B total assets against $1.16B; $703.6M total liabilities against $435.3M.
$1.29B net loans and leases against $592.4M; $559.3M total deposits against $371.0M.
$9.5M securities against $5.6M; $704.6M cash and balances due against $510.0M.
$197.7M total interest income against $51.1M; $1.7M total interest expense against $1.2M.
$196.0M net interest income against $49.9M.
$175.1M total noninterest income against $97.5M; $60.1M total noninterest expense against $41.7M.
$72.0M provision for credit losses against $10.7M.
$180.9M net income against $70.6M.
34.84% return on assets against 24.42%; 41.06% net interest margin against 18.97%.
95.99% CET1 capital ratio against 107.45%; 65.19% tier 1 leverage ratio against 62.39%.
Inside the full Square Financial Services, Inc. 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Square Financial Services, Inc. rankings
Its closest position to the top of a national ranking is 8 of 3,606, for efficiency ratio; its furthest is 2,887 of 3,640, for Texas Ratio.
Metric pages for Square Financial Services, Inc.: Efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 17.59% (Q4 2024) to 35.92% (Q1 2026) and its net interest margin ran from 14.61% (Q3 2024) to 41.06% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 95.99% | 34.84% | 0.67% | 0.64% | 41.06% |
| Q1 2026 | 99.84% | 35.92% | 0.97% | 0.88% | 38.76% |
| Q4 2025 | 95.10% | 35.34% | 1.16% | 1.07% | 37.27% |
| Q3 2025 | 99.28% | 35.10% | 1.20% | 1.08% | 27.94% |
| Q2 2025 | 107.45% | 24.42% | 1.23% | 1.02% | 18.97% |
| Q1 2025 | 121.21% | 21.76% | 1.94% | 1.39% | 15.77% |
| Q4 2024 | 124.51% | 17.59% | 1.37% | 0.98% | 16.21% |
| Q3 2024 | 154.34% | 20.83% | 1.89% | 1.10% | 14.61% |
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 |
|---|---|---|---|
| Square Financial Services, Inc. (main office) | Salt Lake City , UT | 84121 | $559.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in UT, rank 37 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows Square Financial Services, Inc.’s latest filed figures and updates each quarter.
Similar banks
Compare Square Financial Services, Inc. with peers
Frequently asked about Square Financial Services, Inc.
What are Square Financial Services, Inc.'s total assets?
As of the Q2 2026 filing, Square Financial Services, Inc. reported total assets of $2.06 billion in its FFIEC call report.
Where is Square Financial Services, Inc. headquartered?
It is headquartered in Salt Lake City, UT, United States.
When was Square Financial Services, Inc. founded?
It was established in 2021, per the FDIC institution directory.
Is Square Financial Services, Inc. FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #59177). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Square Financial Services, Inc.?
Square Financial Services, Inc.'s primary federal regulator is the FDIC.
What is Square Financial Services, Inc.'s CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 95.99% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Square Financial Services, Inc. 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 Square Financial Services, Inc.'s Texas Ratio?
Its Texas Ratio is 0.64% 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.
Go deeper on Square Financial Services, Inc.
Get an email when Square Financial Services, Inc. files its next call report, and benchmark it against any peer you choose.
Unlock Square Financial Services, Inc., freeFree account