USAA Federal Savings Bank
USAA Federal Savings Bank reported total assets of $106.2 bn at Q2 2026, down 0.3% on a year earlier, the 31st largest of 497 banks in our US coverage. The CET1 capital ratio at USAA Federal Savings Bank was 16.89%, and the uninsured share of USAA Federal Savings Bank was 5.19%. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), USAA Federal Savings Bank climbed from 208th to 67th among 500 US banks between and (1 = highest; FDIC Call Reports).
- USAA Federal Savings Bank reports one of the lowest uninsured share of domestic deposits readings among banks of over $100 bn: 5.19% at , where the median of the 32 banks is 44.87% (FDIC Call Reports).
- The return on assets (ROA) of USAA Federal Savings Bank, 0.90% at , places USAA Federal Savings Bank in the bottom tenth of banks of over $100 bn (group median 1.18%; FDIC Call Reports).
What sets USAA Federal Savings Bank apart
- Few banks of over $100 bn report a higher net interest margin than USAA Federal Savings Bank, at 5.30% in against a group median of 3.14%.
- USAA Federal Savings Bank has one of the highest efficiency ratio readings among banks of over $100 bn: 69.23% at , against a median of 54.78% across 32 banks.
- At 2.08%, the net charge-offs to average loans of USAA Federal Savings Bank sits in the top tenth of its size group (over $100 bn, 32 banks), where the median is 0.36%.
How large is USAA Federal Savings Bank?
The balance sheet of USAA Federal Savings Bank at : assets $106.2 bn, deposits $92.0 bn, net loans $44.3 bn (loans equal to 48.19% of deposits). Securities make up 45.7% of total assets at USAA Federal Savings Bank. Since , when USAA Federal Savings Bank held $75.1 bn, its assets grew 41.5%. In the year to , deposits at USAA Federal Savings Bank fell 0.9% while its total assets fell 0.3%. At , USAA Federal Savings Bank employed 11,883 full-time equivalent staff across 2 offices, about $8.9 mn of assets per employee and $46.0 bn of deposits per office.
How much funding at USAA Federal Savings Bank is uninsured?
At USAA Federal Savings Bank, uninsured deposits (above the FDIC limit) made up 5.19% of domestic deposits at (-0.92 pp on a year earlier); USAA Federal Savings Bank ranks 482nd of 500 on this measure. In dollars, USAA Federal Savings Bank estimated $4.8 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $92.0 bn | -0.9% | 30th of 499 |
| Net loans and leases | $44.3 bn | +5.0% | 43rd of 500 |
| Loan-to-deposit ratio | 48.19% | +2.68 pp | 476th of 500 |
| Tier 1 leverage ratio | 9.29% | +0.61 pp | 395th of 500 |
| Total risk-based capital ratio | 18.65% | +0.72 pp | 59th of 448 |
| Net interest margin | 5.30% | +0.52 pp | 32nd of 500 |
| Return on assets (ROA) | 0.90% | +0.43 pp | 420th of 500 |
| Efficiency ratio | 69.23% | -5.26 pp | 427th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $2.9 bn | Narrowed by $248.0 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $1.1 bn | Narrowed by $547.0 mn | |
| Noncurrent loans to total loans | 1.07% | -0.04 pp | 375th of 500 (1 = lowest) |
| Net charge-offs to average loans | 2.08% | -0.02 pp | 484th of 500 (1 = lowest) |
US rank of USAA Federal Savings Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
USAA Federal Savings Bank: assets, deposits and loans
- Total assets $106bn
- Deposits $92.0bn
- Net loans $44.3bn
Capital and securities
The CET1 ratio of USAA Federal Savings Bank stood at 16.89% in , +0.72 pp year on year. Low and high at USAA Federal Savings Bank since : 12.74% () to 17.42% (). Equity capital of USAA Federal Savings Bank at : $5.8 bn, or 5.5% of total assets. USAA Federal Savings Bank also reported a total capital ratio of 18.65% for , and a tier 1 leverage ratio of 9.29%.
On held-to-maturity securities, USAA Federal Savings Bank carried an unrealized loss of $2.9 bn at , equal to 50.6% of equity capital. The loss narrowed by $248.0 mn over the year. Its deepest point: $5.2 bn in . The available-for-sale portfolio of USAA Federal Savings Bank showed an unrealized loss of $1.1 bn at ; the loss narrowed by $547.0 mn over the year.
USAA Federal Savings Bank: capital ratios
- Total capital 19%
- CET1 17%
- Tier 1 leverage 9.3%
USAA Federal Savings Bank: unrealized securities gains and losses
- Available for sale -$1.1bn
- Held to maturity -$2.9bn
Profitability and loan quality
For the year to , USAA Federal Savings Bank earned a return on equity of 17.44%; return on assets: 0.90%. Net interest margin at USAA Federal Savings Bank: 5.30%, +0.52 pp in a year. USAA Federal Savings Bank net income: $484.0 mn, up 89.1% year on year. The efficiency ratio of USAA Federal Savings Bank was 69.23%: about 69 cents cost per revenue dollar, against 53 cents at the median peer.
At , noncurrent loans were 1.07% of total loans at USAA Federal Savings Bank; net charge-offs: 2.08% of average loans. Gross loans and leases at USAA Federal Savings Bank: $46.2 bn, up 5.0% in a year.
USAA Federal Savings Bank: profitability
- Return on equity 17%
- Net interest margin 5.3%
- Return on assets 0.9%
Peer group of USAA Federal Savings Bank
The peer group of USAA Federal Savings Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of USAA Federal Savings Bank (federal savings bank), 4 sit in the same size group (over $100 bn) and 1 has its head office in Arizona. Against them, USAA Federal Savings Bank shows CET1 ratio 16.89% against a peer median of 14.46%, return on equity 17.44% against a peer median of 11.71% and uninsured deposit share 5.19% against a peer median of 37.63%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Pinnacle Bank | State member bank | TN | $128.8 bn | 10.73% | 9.24% | 49.54% | |
| UBS Bank USA | National bank | UT | $124.4 bn | 26.74% | 14.19% | 37.16% | |
| Synchrony Bank | Federal savings bank | UT | $115.2 bn | 14.35% | 22.07% | 11.92% | |
| USAA Federal Savings Bank | Federal savings bank | AZ | $106.2 bn | 16.89% | 17.44% | 5.19% | |
| Santander Bank | National bank | DE | $104.0 bn | 20.26% | 7.54% | 34.05% | |
| City National Bank | National bank | CA | $99.1 bn | 14.57% | 8.15% | 55.45% | |
| Western Alliance Bank | State member bank | AZ | $98.6 bn | 11.58% | 14.37% | 38.09% | |
. FDIC Call Reports.
Last eight quarters
Two years at USAA Federal Savings Bank, to : assets -3.7%, deposits -3.6%, equity +33.2%. Staff 14,205 to 11,883.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $110.3 bn | $109.2 bn | $110.8 bn | $106.5 bn | $104.9 bn | $108.0 bn | $109.7 bn | $106.2 bn |
| Total deposits | $95.4 bn | $96.0 bn | $97.3 bn | $92.8 bn | $90.8 bn | $93.4 bn | $94.9 bn | $92.0 bn |
| Bank equity capital | $4.4 bn | $3.9 bn | $4.3 bn | $4.7 bn | $5.0 bn | $5.3 bn | $5.6 bn | $5.8 bn |
| CET1 ratio | 15.99% | 15.82% | 15.87% | 16.17% | 16.35% | 16.46% | 16.69% | 16.89% |
| Return on equity (ROE) | 2.05% | -2.64% | 3.88% | 11.87% | 10.83% | 9.32% | 16.55% | 17.44% |
| Uninsured share of domestic deposits | 6.27% | 6.46% | 6.41% | 6.11% | 6.04% | 5.30% | 5.38% | 5.19% |
| Full-time equivalent employees | 14,205 | 14,353 | 14,007 | 13,558 | 13,221 | 12,842 | 12,599 | 11,883 |
| Number of offices | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of USAA Federal Savings Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed USAA Savings Bank (FDIC certificate 34351).
Questions and identifiers
What were the total assets of USAA Federal Savings Bank?
USAA Federal Savings Bank reported $106.2 bn at in its Call Report. That makes USAA Federal Savings Bank the 31st largest of 497 banks in our US coverage.
Is USAA Federal Savings Bank the same as its holding company?
No. This page covers USAA Federal Savings Bank, FDIC certificate 32188; UNITED SERVICES AUTOMOBILE ASSN (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is USAA Federal Savings Bank profitable?
USAA Federal Savings Bank reported net income of $484.0 mn for the year to ; annualized return on equity: 17.44%. So yes: USAA Federal Savings Bank made a profit over these months.
When is data for USAA Federal Savings Bank next updated?
Figures from USAA Federal Savings Bank for are due after .
Where can I check the figures for USAA Federal Savings Bank?
In the FDIC BankFind Suite record for certificate 32188, and in the Call Reports of USAA Federal Savings Bank (RSSD ID 619877) at the FFIEC Central Data Repository.