Banesco USA

Overview

What stands out about Banesco USA?

Its largest one-quarter change in total assets since Q1 2016 was +33.1% between Q2 2019 and Q3 2019, when it absorbed Brickell Bank. Against its six size peers, its uninsured share of domestic deposits stands out most: 62.37% at Q2 2026, above the peer median of 41.72%. By return on equity (ROE) it moved from 232nd to 164th among 500 banks between Q1 2026 and Q2 2026 (1 = highest). Its uninsured share of domestic deposits of 62.37% at Q2 2026 is in the highest 5% of the 500 banks reporting it (rank 24 of 500, 1 = highest).

How large is Banesco USA?

At Q2 2026 the bank held $6.0 bn of assets. Deposits were $5.2 bn and net loans and leases $3.9 bn, a loan-to-deposit ratio of 75.95%. Securities of $1.2 bn made up 19.3% of assets.

Total assets rose 526.4% between Q1 2016 and Q2 2026, from $954.8 mn.

How much of its funding is uninsured?

An estimated 62.37% of domestic deposits were above the FDIC insurance limit at Q2 2026, +0.75 pp from the previous quarter and -0.24 pp from a year earlier. That share ranks 24th among 500 banks reporting this metric (1 = highest).

Key facts, Q2 2026

US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.

The bank uses the community bank leverage ratio framework, so it does not report risk-based capital ratios. Its tier 1 leverage ratio was 11.46% at Q2 2026, -0.54 pp from a year earlier. The median tier 1 leverage ratio of the size peers listed below was 9.57% at Q2 2026.

Held-to-maturity securities had an unrealized loss of $7.1 mn at Q2 2026, measured as fair value minus amortized cost, equal to 1.1% of bank equity capital. The loss narrowed by $2.6 mn from a year earlier. The largest unrealized loss on these securities was $16.3 mn at Q3 2023. Available-for-sale securities showed an unrealized loss of $23.8 mn at Q2 2026; the loss narrowed by $1.2 mn from a year earlier.

Return on equity was 13.92% for the year to Q2 2026, annualized, with a return on assets of 1.47% and a net interest margin of 3.52%. The margin was +0.25 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 53.87%. Net income for the year to Q2 2026 was $42.1 mn, up 49.2% on the same period a year earlier. The median return on equity of its size peers was 12.96% for the same period.

Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.49% of total loans at Q2 2026. Net charge-offs for the year to date were 0.10% of average loans, annualized.

1. 30 August 2019. Absorbed Brickell Bank (FDIC certificate 21220).

Large one-quarter moves

• Total assets changed by +33.1% in the quarter to 2019-09-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Brickell Bank.

Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.