Varo Bank, National Association

BankDraper, Utah
www.varomoney.com

Total Assets

$376.2M

Total Deposits

$211.4M

Branches

1

Established

2020

TFS Health Grade

$
F

38.1 / 100

Poor financial health

How we grade

Varo Bank, National Association is a bank headquartered in Draper, Utah, established in 2020. With $376.2M in total assets and 1 branch locations, it has a TFS Financial Health Grade of F (38.1/100).

Capital & Safety

Tier 1 Capital Ratio
32.32%(8%)
Total Capital Ratio
0.00%(10%)
Non-Performing Loan Ratio
0.76%

Profitability

Return on Assets (ROA)
-26.42%(1%)
Return on Equity (ROE)
-125.51%(10%)
Net Interest Margin
6.51%
Efficiency Ratio
139.28%(60%)

Lending & Liquidity

Total Loans
$95.7M
Loan-to-Deposit Ratio
41.12%
Net Charge-Off Ratio
24.29%

Growth

Asset Growth (YoY)
-15.96%
Deposit Growth (YoY)
-37.22%
Net Income
$-91,762,000

Data sourced from FDIC BankFind Suite / NCUA Call Reports as of 2025-Q4. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

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