USAA Federal Savings Bank: 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 largest change between Q1 2026 and Q2 2026 was in Net interest margin, which rose 0.18 percentage points to 5.17%. Among 12 Arizona banks, USAA Federal Savings Bank sits 2nd from the top on net interest margin, 5.17% as of Q2 2026. USAA Federal Savings Bank's net interest margin of 5.17% is well above the 3.43% median for banks in the $100B-250B asset tier, a gap of 1.74 points (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.61% |
| Yield on loans | 9.65% |
| Yield on securities | 2.34% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 0.46% |
| Cost of interest-bearing deposits | 0.15% |
| Cost of interest-bearing liabilities | 0.45% |
| Cost of borrowings | 3.67% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 5.17% |
| Yield to cost spread | 5.16% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $1.08B |
| Total interest expense | $113.0M |
| Interest expense on deposits | $36.0M |
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 | 4.85% | 0.91% | 3.97% | 8.75% | 1.92% |
| Q4 2023 | 4.99% | 1.03% | 4.00% | 8.81% | 2.03% |
| Q1 2024 | 5.12% | 1.05% | 4.11% | 8.90% | 2.04% |
| Q2 2024 | 5.23% | 1.14% | 4.14% | 9.04% | 2.10% |
| Q3 2024 | 5.34% | 1.22% | 4.18% | 9.43% | 2.08% |
| Q4 2024 | 5.37% | 1.06% | 4.35% | 9.34% | 2.27% |
| Q1 2025 | 5.24% | 0.84% | 4.44% | 9.24% | 2.17% |
| Q2 2025 | 5.35% | 0.69% | 4.69% | 9.40% | 2.27% |
| Q3 2025 | 5.51% | 0.65% | 4.90% | 9.76% | 2.13% |
| Q4 2025 | 5.48% | 0.59% | 4.92% | 9.57% | 2.02% |
| Q1 2026 | 5.44% | 0.48% | 4.99% | 9.58% | 2.09% |
| Q2 2026 | 5.61% | 0.46% | 5.17% | 9.65% | 2.34% |
USAA Federal Savings Bank yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock USAA Federal Savings Bank, 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 USAA Federal Savings Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 32188) · FFIEC NIC profile (RSSD 619877)