Varo Bank, N.A.: Vital Signs
Data as of · Call Report Schedules RC, RC-N, RC-R and RI How we update
The headline measure from each supervisory category on one page: capital adequacy, asset quality, earnings and liquidity, the same four corners a CAMELS examiner works through.
The standout move of Q2 2026 was in Return on equity: 17.39 percentage points lower than in Q1 2026, at -116.89%. On return on assets, Varo Bank, N.A. is 1st from the bottom among 44 Utah banks, -27.26% (Q2 2026). Varo Bank, N.A.'s return on assets of -27.26% is well below the 1.25% median for banks in the $100M-1B asset tier, a gap of 28.51 points (Q2 2026).
Capital adequacy
| Line item | Q2 2026 |
|---|---|
| CET1 capital ratio | — |
| Tier 1 risk-based capital ratio | — |
| Total risk-based capital ratio | — |
| Tier 1 leverage ratio | 18.46% |
| Equity capital to assets | 20.39% |
| Tangible equity to tangible assets | 17.24% |
Asset quality
| Line item | Q2 2026 |
|---|---|
| Non-performing loans to loans | 0.00% |
| Non-performing assets ratio | 0.00% |
| Net charge-off ratio | 29.01% |
| Texas ratio | 0.62% |
| Allowance for credit losses to loans | 9.98% |
| Reserve coverage of non-performing loans | 484550.00% |
Earnings
| Line item | Q2 2026 |
|---|---|
| Return on assets | -27.26% |
| Return on equity | -116.89% |
| Net interest margin | 6.35% |
| Efficiency ratio | 131.84% |
| Yield on earning assets | 7.53% |
| Cost of funds | 1.50% |
Liquidity and funding
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 46.27% |
| Core deposits to total deposits | 100.00% |
| Brokered deposits to total deposits | 0.00% |
| Deposits to assets | 62.11% |
| Securities to assets | 8.83% |
Vital Signs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Vital Signs by quarter
| Quarter | Tier 1 leverage | ROA | Net interest margin | NPL ratio | Net charge-off ratio |
|---|---|---|---|---|---|
| Q3 2023 | 25.14% | -20.18% | 2.91% | 0.00% | 26.26% |
| Q4 2023 | 23.41% | -18.91% | 2.81% | 0.00% | 23.32% |
| Q1 2024 | 21.65% | -13.65% | 2.53% | 0.01% | 16.36% |
| Q2 2024 | 20.90% | -12.83% | 2.23% | 0.00% | 17.60% |
| Q3 2024 | 18.66% | -17.70% | 2.96% | 0.00% | 22.12% |
| Q4 2024 | 14.50% | -18.84% | 4.19% | 0.00% | 18.42% |
| Q1 2025 | 23.08% | -28.22% | 4.85% | 0.01% | 17.78% |
| Q2 2025 | 20.60% | -26.64% | 6.73% | 0.01% | 18.65% |
| Q3 2025 | 16.67% | -37.35% | 8.14% | 0.00% | 27.23% |
| Q4 2025 | 32.32% | -29.96% | 8.08% | 0.00% | 31.17% |
| Q1 2026 | 23.62% | -25.45% | 6.10% | 0.00% | 28.90% |
| Q2 2026 | 18.46% | -27.26% | 6.35% | 0.00% | 29.01% |
Varo Bank, N.A. vital signs, all the way back
Vital Signs back to 2001 · peer percentiles on every line item · Excel export
Unlock Varo Bank, N.A., freeSource: Call Report Schedules RC, RC-N, RC-R and RI, 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 Varo Bank, N.A. profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 59190) · FFIEC NIC profile (RSSD 5518023)