State banking profile
Banks in Utah
Active FDIC-insured institutions headquartered in Utah, reported from their latest published Call Reports.
As of Q1 2026
Total assets →
$1.32T
Total deposits →
$1.02T
Median ROA →
1.82%
Median NIM →
5.62%
Reported scale
Largest banks by assets
Headquarters determine state membership. Values are reported, not adjusted for mergers.
| Bank | Assets | Deposits | ROA | Deposit growth |
|---|---|---|---|---|
| Morgan Stanley Bank, National AssociationSalt Lake City · FDIC certificate 32,992 | $391B | $254B | 1.65% | +35.95% |
| American Express National BankSandy · FDIC certificate 27,471 | $218B | $174B | 3.74% | +9.53% |
| Ally BankSandy · FDIC certificate 57,803 | $186B | $156B | 1.11% | +0.60% |
| UBS Bank USA, National AssociationSalt Lake City · FDIC certificate 57,565 | $122B | $108B | 1.04% | +10.51% |
| Synchrony BankDraper · FDIC certificate 27,314 | $115B | $85.8B | 2.62% | −0.32% |
| Zions Bancorporation, N.A.Salt Lake City · FDIC certificate 2,270 | $88B | $76.9B | 1.05% | +1.20% |
| SoFi Bank, National AssociationCottonwood Heights · FDIC certificate 26,881 | $49.7B | $42.3B | 2.03% | +54.55% |
| Sallie Mae BankSalt Lake City · FDIC certificate 58,177 | $29.5B | $20.8B | 4.31% | +1.91% |
| Optum Bank, Inc.Draper · FDIC certificate 57,408 | $21B | $16.2B | 2.93% | +8.32% |
| Comenity Capital BankDraper · FDIC certificate 57,570 | $13.3B | $10.4B | 1.78% | +4.20% |
| BMW Bank of North AmericaSalt Lake City · FDIC certificate 35,141 | $13B | $8.7B | 2.26% | +7.78% |
| Happen Bank, National AssociationLehi · FDIC certificate 32,551 | $11.8B | $10.3B | 1.75% | +14.02% |
| WEX BankSandy · FDIC certificate 34,697 | $9.53B | $7.03B | 3.91% | +24.29% |
| Merrick BankSouth Jordan · FDIC certificate 34,519 | $8.93B | $7.12B | 3.31% | +2.19% |
| Green Dot Bank DBA Bonneville BankProvo · FDIC certificate 22,653 | $5.87B | $4.97B | 1.83% | +5.89% |
| Celtic BankSalt Lake City · FDIC certificate 57,056 | $4.97B | $3.56B | 3.29% | +29.73% |
| Sunwest BankSandy · FDIC certificate 20,164 | $4.27B | $3.45B | 1.69% | +15.86% |
| Bank of UtahOgden · FDIC certificate 17,159 | $3.73B | $2.86B | 1.32% | +3.17% |
| Cache Valley BankLogan · FDIC certificate 22,134 | $3.5B | $3.12B | 1.84% | +5.68% |
| State Bank of Southern UtahCedar City · FDIC certificate 17,964 | $2.67B | $2.34B | 1.82% | +8.74% |
| Medallion BankSalt Lake City · FDIC certificate 57,449 | $2.65B | $2.13B | 1.97% | +5.24% |
| WebBankSalt Lake City · FDIC certificate 34,404 | $2.59B | $2.02B | 4.54% | +24.47% |
| Nelnet BankDraper · FDIC certificate 59,205 | $2.52B | $1.96B | 1.11% | +41.59% |
| Central BankProvo · FDIC certificate 9,204 | $2.15B | $1.77B | 1.95% | +8.94% |
| Square Financial Services, Inc.Salt Lake City · FDIC certificate 59,177 | $1.8B | $496M | 38.77% | +50.11% |
Reported movement
Fastest deposit growth
Growth may include acquired deposits. Use each bank profile’s history and peer context.
| Bank | Assets | Deposits | ROA | Deposit growth |
|---|---|---|---|---|
| Column National AssociationSalt Lake City · FDIC certificate 58,224 | $1.39B | $1.18B | 8.28% | +71.84% |
| SoFi Bank, National AssociationCottonwood Heights · FDIC certificate 26,881 | $49.7B | $42.3B | 2.03% | +54.55% |
| Square Financial Services, Inc.Salt Lake City · FDIC certificate 59,177 | $1.8B | $496M | 38.77% | +50.11% |
| Nelnet BankDraper · FDIC certificate 59,205 | $2.52B | $1.96B | 1.11% | +41.59% |
| Morgan Stanley Bank, National AssociationSalt Lake City · FDIC certificate 32,992 | $391B | $254B | 1.65% | +35.95% |
| Quill BankProvo · FDIC certificate 33,823 | $1.5B | $1.28B | 5.11% | +34.38% |
| Celtic BankSalt Lake City · FDIC certificate 57,056 | $4.97B | $3.56B | 3.29% | +29.73% |
| WebBankSalt Lake City · FDIC certificate 34,404 | $2.59B | $2.02B | 4.54% | +24.47% |
| WEX BankSandy · FDIC certificate 34,697 | $9.53B | $7.03B | 3.91% | +24.29% |
| Prime Alliance BankWoods Cross · FDIC certificate 57,920 | $1.06B | $946M | 3.59% | +17.57% |