Efficiency ratio: US bank rankings

500 FDIC-insured banks ranked by efficiency ratio at Q2 2026, from each bank's Call Report. 1 = lowest.

Beal Bank USA ranked first (lowest) by efficiency ratio at Q2 2026 with 6.02%, followed by Ameriprise Bank, FSB (9.99%) and Wells Fargo Bank South Central (14.50%). Rank among 500 banks reporting this metric, 1 = lowest; the median bank was at 55.91%. Source: FDIC Call Report data, cross-checked against FFIEC filings.

What changed this quarter (Q1 2026 to Q2 2026)

Beal Bank USA moved to first, ahead of Ameriprise Bank, FSB, first in Q1 2026
Median: down from 56.63% to 55.91%
Biggest rise in the top 100: SMBC MANUBANK, from 506th to 5th

Lowest value

6.02%

Beal Bank USA

Rank 1 of 500 1 = lowest

Median bank

55.91%

Middle of the 500 banks ranked

Highest value

211.95%

Erebor Bank

Rank 500 of 500 1 = lowest

Banks ranked

500

Every bank in our coverage that reported it

Sparklines: the last ten years (median and count: every quarter of this ranking). Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.

Ranking, Q2 2026

Rank (1 = lowest)	Change in rank	Bank	State		Q1 2026
1	+1	Beal Bank USA	NV	6.02%	13.42%
2	-1	Ameriprise Bank, FSB	MN	9.99%	9.67%
3	+1	Wells Fargo Bank South Central	TX	14.50%	15.39%
4	-1	Charles Schwab Premier Bank, SSB	TX	14.86%	14.65%
5	+501	SMBC MANUBANK	CA	16.50%	485.38%
6	-1	BMW Bank of North America	UT	17.13%	17.31%
7	-1	Charles Schwab Bank, SSB	TX	17.57%	17.98%
8	+11	Monet Bank	TX	20.61%	28.57%
9	-2	State Bank of Texas	TX	21.41%	20.65%
10	same	Wells Fargo National Bank West	NV	23.44%	25.30%
11	-3	Morgan Stanley Private Bank	NY	24.76%	23.09%
12	same	John Deere Financial, f.s.b.	WI	24.77%	26.61%
13	+2	Charles Schwab Trust Bank	TX	25.44%	27.24%
14	-5	Optum Bank, Inc.	UT	25.72%	23.34%
15	+2	UBS Bank USA	UT	26.34%	28.09%
16	-2	First National Bank of America	MI	26.64%	26.99%
17	-4	Stifel Bank and Trust	MO	26.89%	26.82%
18	+6	RBC Bank, (Georgia)	GA	27.22%	30.90%
19	-3	Medallion Bank	UT	27.69%	27.94%
20	+2	Stifel Bank	MO	29.14%	30.49%
21	-1	Northbrook Bank and Trust Company	IL	29.17%	29.14%
22	-1	ServisFirst Bank	AL	29.56%	29.67%
23	same	Village Bank and Trust	IL	30.37%	30.51%
24	+4	River City Bank	CA	30.55%	31.81%
25	+2	Macatawa Bank	MI	32.36%	31.78%
26	same	Merrick Bank	UT	32.44%	31.62%
27	+4	Wheaton Bank & Trust	IL	32.56%	33.63%
28	-3	First American Trust, FSB	CA	32.84%	31.43%
29	-18	Sallie Mae Bank	UT	32.99%	26.43%
30	+2	Preferred Bank	CA	33.01%	33.80%
31	-1	Celtic Bank	UT	33.21%	32.60%
32	+1	Libertyville Bank & Trust Company	IL	33.42%	33.83%
33	+2	InterBank	OK	33.63%	34.04%
34	+39	Amboy Bank	NJ	34.23%	44.15%
35	-1	Schaumburg Bank & Trust Company	IL	34.50%	33.90%
36	+3	Raymond James Bank	FL	35.38%	35.61%
37	same	Northeast Bank	ME	35.71%	35.50%
38	+2	East West Bank	CA	35.98%	35.90%
39	-10	Nelnet Bank	UT	36.07%	32.03%
40	-4	Hingham Institution for Savings	MA	36.27%	34.96%

Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor. Change in rank compares with Q1 2026. Bars: value relative to the largest in the table.

Who leads the table?

The five banks at the top of the table at Q2 2026 were Beal Bank USA (6.02%, NV), Ameriprise Bank, FSB (9.99%, MN), Wells Fargo Bank South Central (14.50%, TX), Charles Schwab Premier Bank, SSB (14.86%, TX) and SMBC MANUBANK (16.50%, CA). 8 of the top 10 were also in the top 10 in Q1 2026. 5 of the top 10 have their head office in Texas.

How are the values spread?

Half of the 500 banks have a value between 48.88% and 63.42% (the middle two quarters of the table); one in ten is above 72.71% and one in ten below 38.11%. A year earlier, at Q2 2025, the median was 58.59% across 528 banks. The median fell from 56.63% in Q1 2026 to 55.91% in Q2 2026.

2 values lie far from the rest of the table (more than three times the spread of the middle half beyond it): United Fidelity Bank, fsb (127.86%); Erebor Bank (211.95%). Values like these usually come from special-purpose banks, such as trust, custody, credit card or payment banks, whose balance sheets differ from lending banks; compare them with care.

Which of the top 100 banks moved most?

Between Q1 2026 and Q2 2026, of the 500 banks ranked in both quarters, 263 moved up the table, 212 moved down and 25 kept their place; the typical bank moved 10 places.

Largest moves up the table from Q1 2026 to Q2 2026: SMBC MANUBANK (from 506th to 5th; 485.38% to 16.50%); Atlantic Union Bank (from 148th to 98th; 50.72% to 46.62%); Amboy Bank (from 73rd to 34th; 44.15% to 34.23%). Largest moves down the table from Q1 2026 to Q2 2026: Carter Bank & Trust (from 18th to 54th; 28.28% to 38.54%); Sallie Mae Bank (from 11th to 29th; 26.43% to 32.99%); State Bank of Southern Utah (from 75th to 89th; 44.33% to 45.84%).

How is this ranking built?

Noninterest expense (less amortization of intangibles) as a percent of net interest income plus noninterest income (FDIC calculation). Lower is more efficient. Efficiency ratio values are year-to-date figures from each bank's Call Report for Q2 2026, ranked from lowest to highest, because a lower value is safer for this metric (1 = lowest).

Full definitions are on the methodology page for efficiency ratio.

Other US bank rankings

Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. Primary source: FDIC BankFind Suite; cross-check: FFIEC Central Data Repository. Checks: Check A passed, Check B passed.

Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.