Varo Bank
Legal institution: Varo Bank, National Association. Headquartered in Draper, UT. Part of Varo Money, Inc. FDIC certificate #59190 · Federal Reserve RSSD 5518023.
Total assets
$338M
Deposits
$210M
Q2 2026
Active branches
1
Closings since Jan 2020
0
0 openings since Jan 2020
Financial snapshot — Q2 2026
All quarters →Net income (quarter)
$-23426K
Return on assets
-25.68%
Return on equity
-109.59%
Noncurrent loan rate
0.42%
Deposits by year (Summary of Deposits)
02021
02022
02023
02024
02025
02026
Values in $ billions, June 30 of each year.
Branches by state
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.varomoney.com.