US Bank Industry
US average efficiency ratio, Q2 2026
The US banking system's efficiency ratio was 56.25% in Q2 2026, for all 4,297 banks that filed a call report combined; the average bank's was 68.36%. The table below has every quarter we serve, Q2 2021 through Q2 2026 (21 quarters).
Noninterest expense as a percent of revenue (net interest income plus noninterest income). Lower is better: it is what a bank spends to earn each dollar of revenue.
Every quarter
| Quarter | US banking system | Average bank | Banks filing |
|---|---|---|---|
| Q2 2026 | 56.25% | 68.36% | 4,297 |
| Q1 2026 | 56.59% | 67.28% | 4,336 |
| Q4 2025 | 56.23% | 68.41% | 4,394 |
| Q3 2025 | 56.18% | 66.10% | 4,435 |
| Q2 2025 | 56.63% | 62.62% | 4,477 |
| Q1 2025 | 56.89% | 69.68% | 4,519 |
| Q4 2024 | 57.85% | 72.93% | 4,543 |
| Q3 2024 | 57.81% | 69.72% | 4,572 |
| Q2 2024 | 58.17% | 69.67% | 4,594 |
| Q1 2024 | 58.92% | 71.13% | 4,623 |
| Q4 2023 | 59.06% | 71.96% | 4,641 |
| Q3 2023 | 55.55% | 70.05% | 4,669 |
| Q2 2023 | 55.07% | 68.13% | 4,697 |
| Q1 2023 | 54.04% | 66.90% | 4,724 |
| Q4 2022 | 58.26% | 44.64% | 4,756 |
| Q3 2022 | 59.22% | 65.90% | 4,796 |
| Q2 2022 | 60.67% | 76.73% | 4,821 |
| Q1 2022 | 62.39% | 73.21% | 4,844 |
| Q4 2021 | 61.65% | 73.40% | 4,887 |
| Q3 2021 | 60.95% | 92.16% | 4,962 |
| Q2 2021 | 61.00% | 72.03% | 4,998 |
How to cite
BankRegReports. "US bank industry efficiency ratio, quarterly." Data Q2 2021 to Q2 2026. https://www.bankregreports.com/industry/efficiency-ratio/ (retrieved October 23, 2026).
This URL is stable: it always shows the newest quarter, and older quarters stay in the table.
How this is measured. The US banking system figure is noninterest expense of all banks over their net interest income plus noninterest income, year to date, so a large bank counts in proportion to its size. The average bank figure is the simple average of each bank's own ratio, so every bank counts the same. Both cover every US bank and savings institution that filed a call report for the quarter. A quarter appears once enough banks have filed to describe the industry; until then the newest quarter shown is the one before. A median is not published here yet. Source: FFIEC Consolidated Reports of Condition and Income (call reports).
Related:
- What is the efficiency ratio?
- Banks with the lowest efficiency ratio
- The State of US Banking
- All US industry history pages
More US industry history:
- US average net interest margin
- US average return on assets
- US average return on equity
- US average nonperforming loan ratio
- US average net charge-off ratio
- US average CET1 capital ratio
- US average tier 1 leverage ratio
- US average loan-to-deposit ratio
- US average brokered deposit ratio
- US average uninsured deposit ratio
- US average CRE concentration