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
41	+2	International Bank of Commerce	TX	36.53%	36.28%
42	+2	Hinsdale Bank & Trust Company	IL	36.59%	36.28%
43	+2	CIBC Bank USA	IL	36.69%	36.35%
44	-3	Synchrony Bank	UT	36.71%	35.90%
45	+2	Morgan Stanley Bank	UT	36.83%	36.58%
46	+2	State Bank of the Lakes	IL	37.25%	38.12%
47	-5	Five Star Bank	CA	37.32%	36.18%
48	+2	St. Charles Bank & Trust Company	IL	37.61%	38.39%
49	same	Principal Bank	IA	37.98%	38.30%
50	-12	American First National Bank	TX	38.11%	35.51%
51	same	Inwood National Bank	TX	38.17%	38.44%
52	+2	Goldman Sachs Bank USA	NY	38.49%	39.40%
53	-7	International Bank of Commerce	TX	38.52%	36.55%
54	-36	Carter Bank & Trust	VA	38.54%	28.28%
55	same	KS StateBank	KS	38.79%	39.42%
56	+2	Cache Valley Bank	UT	39.05%	40.10%
57	-5	West Coast Community Bank	CA	39.38%	38.99%
58	-5	Bank OZK	AR	39.52%	39.35%
59	+7	The First Bank and Trust Company	VA	39.98%	42.38%
60	-4	Cathay Bank	CA	40.18%	39.68%
61	+2	Merchants Bank of Indiana	IN	40.22%	41.71%
62	same	Metro City Bank	GA	40.33%	41.39%
63	+2	Cedar Rapids Bank and Trust Company	IA	40.44%	42.26%
64	same	Unity Bank	NJ	41.25%	41.91%
65	-6	The Bancorp Bank	SD	41.28%	41.01%
66	-9	Centennial Bank	AR	41.31%	39.70%
67	-7	Axos Bank	CA	42.30%	41.10%
68	+1	Lake Forest Bank & Trust Company	IL	42.36%	43.46%
69	-1	Town Bank	WI	42.47%	43.19%
70	-3	Westamerica Bank	CA	42.49%	42.41%
71	same	Bank of America California	CA	42.96%	44.12%
72	+7	Poppy Bank	CA	43.18%	44.90%
73	+1	City National Bank of Florida	FL	43.19%	44.24%
74	+4	First Security Bank	AR	43.46%	44.58%
75	-14	Stride Bank	OK	43.74%	41.13%
76	+9	ConnectOne Bank	NJ	43.75%	45.90%
77	+6	Farmers & Merchants Bank of Central California	CA	44.13%	45.52%
78	+38	Bankwell Bank	CT	44.16%	48.40%
79	-7	CalPrivate Bank	CA	44.38%	44.13%
80	-3	Bank of Ann Arbor	MI	44.40%	44.49%

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.