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Profitability · Rhode Island

Most Efficient US Banks (Lowest Efficiency Ratio) in Rhode Island

Ranked among banks headquartered in Rhode Island. Re-ranked 1-6 within the state from the same national ranking population.

#1 US Banks (Lowest Efficiency Ratio): Bank Rhode Island — 57.67% . The efficiency ratio measures non-interest operating expense against net revenue — a lower ratio means the bank converts more of each revenue dollar into pre-tax income.

Ranked: 6 banks with reported data Showing: Top 6 Source: FFIEC call reports (Q1 2026) What is this metric? See the Most Efficient US … glossary entry Go deeper: What Is the Bank Efficiency Ratio? Formula, Benchmarks, and What Moves It
# Bank HQ Most Efficient US … Total Assets
1 Bank Rhode Island Providence , RI 57.67% $3.58B
2 Citizens Bank, N.A. Providence , RI 61.38% $227.13B
3 Washington Trust Company, of Westerly, the Westerly , RI 62.87% $6.46B
4 Centreville Bank West Warwick , RI 69.10% $3.05B
5 Banknewport Middletown , RI 75.09% $3.07B
6 Shoreham Bank Warwick , RI 80.17% $522.0M

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All data sourced from the most recent FFIEC call report filings, refreshed each quarter as new filings are processed. This leaderboard excludes banks with total assets under $100,000K to filter out anomalous micro-bank ratios. See /data-updates/ for the current data freshness window.

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