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Financial strength ranking · Utah · Call Report data as of Q2 2026

Best Banks in Utah by Financial Strength

BMW Bank of North America ranks first among the 38 banks headquartered in Utah we score, with a financial strength score of 86.0 out of 100 as of June 30, 2026. The score averages each bank's national percentile on four Call Report ratios: return on assets, efficiency ratio, Tier 1 leverage ratio and nonperforming assets ratio.

Ranked first
BMW Bank of North America
Its score
86.0 of 100
Banks scored in Utah
38
Its return on assets
2.31%

Every scored bank in Utah

Select a column heading to sort. Score is 0 to 100, where 100 would be the best US bank on all four ratios; ratios for Q2 2026.

Banks headquartered in Utah ranked by financial strength score, with total assets, return on assets, efficiency ratio, Tier 1 leverage ratio and nonperforming assets ratio.
1 BMW Bank of North America Salt Lake City 86.0 2.31% 16.96% 13.24% 0.07% $13.80B
2 Optum Bank, Inc. Draper 82.8 2.14% 28.22% 13.22% 0.14% $21.43B
3 Medallion Bank Salt Lake City 81.5 2.38% 27.47% 16.92% 0.42% $2.83B
4 The Pitney Bowes Bank Inc. Salt Lake City 80.1 5.18% 32.54% 12.37% 0.26% $796.3M
5 Central Bank Provo 76.3 2.15% 48.27% 15.42% 0.39% $2.16B
6 Utah Independent Bank Salina 73.7 3.53% 41.33% 16.31% 1.29% $170.9M
7 Celtic Bank Corporation Salt Lake City 72.6 3.57% 33.76% 18.04% 3.13% $5.33B
8 Quill Bank Pleasant Grove 71.3 5.48% 33.61% 14.42% 2.06% $1.56B
9 Column N.A. Salt Lake City 71.0 5.72% 38.93% 8.43% 0.01% $1.77B
10 Cache Valley Bank Logan 70.8 2.12% 38.06% 10.68% 0.28% $3.49B
11 WebBank Salt Lake City 69.3 5.00% 62.73% 17.39% 0.44% $2.86B
12 State Bank of Southern Utah Cedar City 69.0 1.70% 47.09% 12.04% 0.33% $2.74B
13 Synchrony Bank Draper 67.9 3.07% 37.51% 12.56% 1.75% $115.22B
14 SoFi Bank, N.A. Cottonwood Heights 67.5 1.95% 67.39% 13.34% 0.07% $56.82B
15 Prime Alliance Bank Woods Cross 67.2 3.25% 18.76% 11.53% 1.30% $1.09B
16 Merrick Bank South Jordan 67.1 1.78% 33.24% 16.59% 3.35% $9.13B
17 Morgan Stanley Bank, N.A. Salt Lake City 66.5 1.46% 37.08% 10.44% 0.13% $419.32B
18 Continental Bank Salt Lake City 65.4 3.42% 61.35% 16.16% 0.79% $181.8M
19 Brighton Bank Salt Lake City 64.3 2.08% 58.10% 11.67% 0.33% $321.6M
20 Bank of Utah Ogden 63.1 1.31% 58.32% 12.74% 0.12% $3.79B
21 Nelnet Bank Draper 62.5 1.27% 40.04% 15.94% 1.19% $3.00B
22 Grand Valley Bank Heber City 62.2 1.20% 57.36% 11.47% 0.01% $599.4M
23 Home Savings Bank Salt Lake City 60.1 0.85% 67.10% 15.73% 0.00% $108.8M
24 WEX Bank Sandy 58.9 4.61% 56.54% 8.93% 0.18% $10.71B
25 Finwise Bank Murray 56.4 1.34% 51.40% 18.05% 4.12% $915.5M
26 UBS Bank USA, N.A. Salt Lake City 54.2 1.14% 24.63% 8.08% 0.09% $124.44B
27 Sallie Mae Bank Salt Lake City 52.9 1.17% 41.95% 10.17% 0.48% $28.54B
28 Zions Bancorporation, N.A. Salt Lake City 52.7 1.99% 58.77% 9.43% 0.34% $89.04B
29 Comenity Capital Bank Draper 52.1 1.55% 55.83% 12.84% 2.73% $13.86B
30 Transportation Alliance Bank, Inc. dba Tab Bank Ogden 48.2 1.50% 59.39% 11.74% 1.41% $1.59B
31 Happen Bank, N.A. Lehi 48.1 1.91% 75.03% 10.98% 0.46% $12.48B
32 Ally Bank Sandy 47.7 1.29% 48.00% 9.60% 0.65% $188.18B
33 Sunwest Bank Sandy 44.3 1.57% 63.01% 9.71% 0.48% $4.41B
34 American Express National Bank Sandy 42.2 3.61% 72.90% 8.84% 0.51% $213.95B
35 Thrivent Bank Salt Lake City 41.1 -2.38% 155.96% 29.76% 0.17% $905.6M
36 Milestone Bank Salt Lake City 40.4 0.91% 61.91% 15.01% 4.61% $342.2M
37 First Utah Bank Salt Lake City 30.3 0.71% 55.70% 10.22% 4.83% $840.3M
38 B2 Bank N.A. Holladay 28.0 -1.85% 124.09% 13.66% 0.70% $114.6M

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How the score works

Each bank gets a percentile on each of four ratios, measured against every US bank that filed a Call Report for the quarter and turned so that higher is always better: 100 is the best bank in the country on that ratio and 0 the weakest. The score is the plain average of the four percentiles; 3,583 banks nationwide are scored.

A bank is scored when it is ranked on all four of those leaderboards: at least $100 million in total assets, open, a lending institution, and a quarter not driven by gains or losses on equity securities. Banks are listed by headquarters state.

Frequently asked questions

What is the best bank in Utah?

By our financial strength score, BMW Bank of North America of Salt Lake City ranks first among the 38 scored banks headquartered in Utah, scoring 86.0 out of 100 for Q2 2026: return on assets of 2.31%, an efficiency ratio of 16.96%, a Tier 1 leverage ratio of 13.24% and nonperforming assets of 0.07% of total assets. Optum Bank, Inc. and Medallion Bank rank second and third.

How are the best banks in Utah ranked?

Each bank is placed on four Call Report ratios against every US bank that filed for the quarter: return on assets and the Tier 1 leverage ratio, where higher is better, and the efficiency ratio and the nonperforming assets ratio, where lower is better. Each placement is a percentile from 0 to 100, and the score is their average. Only banks with at least $100 million in assets that are ranked on all four ratios are scored, 3,583 banks nationwide.

Does this ranking say which bank I should open an account with?

No. The score reads only what a bank files with its regulators: earnings, cost control, capital and problem assets. It does not measure deposit rates, fees, branches, apps or service, which matter most when choosing a bank for an account, and it is not a safety rating. FDIC insurance protects deposits at insured banks up to the legal limit regardless of a bank's score.

Best banks in other states

More in Utah

Largest banks in Utah Bank deposits in Utah Largest credit unions in Utah Return on assets ranking Efficiency ratio ranking Tier 1 leverage ratio ranking Nonperforming assets ratio ranking All rankings

Source: FFIEC Call Reports for Q2 2026, refreshed as each quarter's filings are processed. A ranking is not a safety rating: FDIC insurance covers deposits at insured banks up to the legal limit, whatever the score. Check your coverage with the FDIC insurance calculator.