Varo Bank, N.A.: Peer Group Comparison
Data as of · peers are US banks in the same asset tier. How we update
This page benchmarks Varo Bank, N.A. of Draper, UT against its peer group of 2672 similarly-sized US banks as of Q2 2026. For each metric the bank's value is shown next to the peer-group average and the bank's percentile rank and quartile within the cohort, the same peer-benchmarking regulators use to judge whether a bank is an outlier. Top quartile means the bank ranks in the strongest 25% of its peers on that measure.
How to read the two peer columns: Peer avg is the simple mean of the peer group. The percentile is the share of peers this bank outperforms, and the tag beside it compares the bank with the median peer: above means the bank is in the better half, top means the best quarter. A skewed group can pull the mean away from the median, so a bank can sit behind the peer average and still rank above the median peer.
Profitability
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| ROAA | -27.26% | 1.35% | -28.61% | 0th bottom |
| ROAE | -116.89% | 13.36% | -130.25% | 0th bottom |
| Net Interest Margin | 6.35% | 3.93% | +2.42% | 99th top |
| Efficiency Ratio | 131.84% | 61.12% | +70.72% | 1st bottom |
| Yield on Earning Assets | 7.53% | 5.67% | +1.86% | 98th top |
| Cost of Funds | 1.50% | 1.88% | -0.38% | 69th above |
| Net Interest Spread | 4.20% | 3.32% | +0.88% | 89th top |
Asset Quality
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| NPL / Total Loans | 0.00% | 0.94% | -0.94% | 86th top |
| NPA / Total Assets | 0.00% | 0.70% | -0.70% | 87th top |
| NCO / Avg Loans | 29.01% | 0.15% | +28.86% | 0th bottom |
| ACL / Total Loans | 9.98% | 1.28% | +8.70% | 100th top |
| ACL / NPLs (Coverage) | 484550.00% | 1365.79% | +483184.21% | — |
| Texas Ratio | 0.62% | 7.33% | -6.71% | 78th top |
| Provision / NCO | 106.23% | 1396.13% | -1289.90% | 42nd below |
Capital Adequacy
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Leverage Ratio | 18.46% | 12.14% | +6.32% | 95th top |
| Equity / Assets | 20.39% | 11.37% | +9.02% | 96th top |
| TCE / Tangible Assets | 17.24% | 11.09% | +6.15% | 94th top |
Liquidity & Funding
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Loan / Deposit | 46.27% | 80.65% | -34.38% | 93rd top |
| Core Deposit Ratio | 100.00% | 86.86% | +13.14% | 100th top |
Growth & Management
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Asset Growth (Y/Y) | 19.85% | 6.85% | +13.00% | 95th top |
| Loan Growth (Y/Y) | 15.64% | 7.90% | +7.74% | 87th top |
| Deposit Growth (Y/Y) | 30.17% | 6.28% | +23.89% | 97th top |
See Varo Bank, N.A.'s peers by name
The 2672 banks in this peer group, by name · build custom peer groups · percentile history · Excel export
Unlock Varo Bank, N.A., freeSource: FFIEC call reports + UBPR, standardized by BankRegReports. Peer averages and percentiles are computed against US banks in the same asset tier, point-in-time as filed. See the full Varo Bank, N.A. profile, how to read a UBPR, or how this data updates.