Varo Bank quarterly financials
As reported to the FDIC. Dollar values are period-end balances. Net income is for the single quarter, derived from the FDIC's year-to-date figures by subtracting the prior quarter's report. Ratios (ROA, ROE, NIM) are FDIC-computed annualized year-to-date values.
| Quarter | Assets | Deposits | Net loans | Equity | Net income | ROA | ROE | NIM | Noncurrent |
|---|---|---|---|---|---|---|---|---|---|
| Q1 2026 | $374M | $220M | $91M | $91M | $-23147K | -24.68% | -99.49% | 6.79% | 0.53% |
| Q4 2025 | $376M | $211M | $87M | $95M | $-20776K | -26.42% | -125.51% | 6.51% | 0.76% |
| Q3 2025 | $276M | $160M | $80M | $54M | $-25634K | -27.83% | -139.75% | 6.41% | 0.80% |
| Q2 2025 | $282M | $161M | $78M | $69M | $-20299K | -25.08% | -125.34% | 5.65% | 0.50% |
| Q1 2025 | $355M | $215M | $80M | $88M | $-25053K | -24.96% | -135.77% | 4.62% | 0.58% |
| Q4 2024 | $448M | $337M | $72M | $60M | $-17875K | -13.68% | -74.74% | 2.63% | 0.31% |
| Q3 2024 | $427M | $302M | $67M | $77M | $-17235K | -13.04% | -67.06% | 2.32% | 0.00% |
| Q2 2024 | $480M | $339M | $63M | $90M | $-13584K | -11.95% | -60.18% | 2.17% | 0.00% |
| Q1 2024 | $533M | $379M | $60M | $100M | $-16280K | -12.78% | -62.55% | 2.36% | 0.01% |
| Q4 2023 | $486M | $324M | $50M | $108M | $-22428K | -20.23% | -80.33% | 2.69% | 0.00% |
| Q3 2023 | $521M | $346M | $42M | $126M | $-26399K | -20.89% | -80.70% | 2.69% | 0.00% |
| Q2 2023 | $555M | $361M | $38M | $150M | $-27577K | -21.24% | -80.28% | 2.58% | 0.00% |
Transcribed from FDIC BankFind Suite quarterly financial data (Call Report-derived). Income in Call Reports is filed year-to-date; per-quarter net income shown here is the difference between consecutive reports within the same year. NIM = net interest margin; “Noncurrent” = noncurrent loans as a share of total loans. These figures describe reported financials only and are not a safety rating or a prediction about the institution.