RANKING ·
Largest net interest margin improvement in Utah
42 of 45 banks in Utah that filed for the quarter ended June 30, 2026 are ranked. At least $100 million in total assets and a comparable quarter a year earlier. Institutions with equal values share a rank. Source: FDIC quarterly financial data.
| Rank | Institution | Headquarters | Net interest margin, change over 12 months | Total assets |
|---|---|---|---|---|
| 1 | Square Financial Services Inc. | Salt Lake City, UT | +2402 bps | $2.1 billion |
| 2 | Finwise Bank | Murray, UT | +648 bps | $915 million |
| 3 | Wex Bank | Sandy, UT | +133 bps | $10.7 billion |
| 4 | Cache Valley Bank | Logan, UT | +48 bps | $3.5 billion |
| 5 | State Bank of Southern Utah | Cedar City, UT | +46 bps | $2.7 billion |
| 6 | Merrick Bank | South Jordan, UT | +45 bps | $9.1 billion |
| 7 | American Express National Bank | Sandy, UT | +41 bps | $214 billion |
| 8 | Home Savings Bank | Salt Lake City, UT | +36 bps | $109 million |
| 9 | Varo Bank N.A. | Draper, UT | +32 bps | $338 million |
| 10 | Ally Bank | Sandy, UT | +30 bps | $188 billion |
| 11 | Utah Independent Bank | Salina, UT | +30 bps | $171 million |
| 12 | First Utah Bank | Salt Lake City, UT | +26 bps | $840 million |
| 13 | Synchrony Bank | Draper, UT | +25 bps | $115 billion |
| 14 | Prime Alliance Bank | Woods Cross, UT | +25 bps | $1.1 billion |
| 15 | The Pitney Bowes Bank Inc. | Salt Lake City, UT | +18 bps | $796 million |
| 16 | Bank of Utah | Ogden, UT | +15 bps | $3.8 billion |
| 17 | Comenity Capital Bank | Draper, UT | +14 bps | $13.9 billion |
| 18 | Optum Bank Inc. | Draper, UT | +13 bps | $21.4 billion |
| 19 | Zions Bancorporation N.A. | Salt Lake City, UT | +11 bps | $89.0 billion |
| 20 | Bmw Bank of North America | Salt Lake City, UT | +6 bps | $13.8 billion |
| 21 | Grand Valley Bank | Heber City, UT | +2 bps | $599 million |
| 22 | Lendingclub Bank N.A. | Lehi, UT | +1 bps | $12.5 billion |
| 23 | UBS Bank USA | Salt Lake City, UT | -1 bps | $124 billion |
| 24 | Medallion Bank | Salt Lake City, UT | -4 bps | $2.8 billion |
| 25 | Sofi Bank N.A. | Cottonwood Heigh, UT | -6 bps | $56.8 billion |
| 26 | Central Bank | Provo, UT | -9 bps | $2.2 billion |
| 27 | Transportation Alliance Bank, Inc. Dba Tab Bank | Ogden, UT | -15 bps | $1.6 billion |
| 28 | Brighton Bank | Salt Lake City, UT | -16 bps | $322 million |
| 29 | Capital Community Bank | Provo, UT | -20 bps | $1.6 billion |
| 30 | Nelnet Bank | Draper, UT | -45 bps | $3.0 billion |
| 31 | Sunwest Bank | Sandy, UT | -48 bps | $4.4 billion |
| 32 | Celtic Bank Corporation | Salt Lake City, UT | -53 bps | $5.3 billion |
| 33 | Sallie Mae Bank | Salt Lake City, UT | -55 bps | $28.5 billion |
| 34 | Green Dot Bank | Provo, UT | -64 bps | $5.4 billion |
| 35 | Morgan Stanley Bank N.A. | Salt Lake City, UT | -69 bps | $419 billion |
| 36 | Wells Fargo Trust Company N.A. | Ogden, UT | -73 bps | $1.3 billion |
| 37 | Webbank | Salt Lake City, UT | -73 bps | $2.9 billion |
| 38 | Continental Bank | Salt Lake City, UT | -85 bps | $182 million |
| 39 | Milestone Bank | Salt Lake City, UT | -135 bps | $342 million |
| 40 | B2 Bank N.A. | Holladay, UT | -169 bps | $115 million |
| 41 | First Electronic Bank | Salt Lake City, UT | -305 bps | $503 million |
| 42 | Column N.A. | Salt Lake City, UT | -1074 bps | $1.8 billion |
Rankings sort one published measure; they are not an overall judgment of any institution. Methodology · All rankings