Wisconsin’s State-Chartered Banks Report Sound Third-Quarter Financial Performance

​For Immediate Release: December 16, 2024

Wisconsin’s State-Chartered Banks Report Sound Third-Quarter Financial Performance

MADISON, Wis. – Wisconsin’s 119 state-chartered banks continue to exhibit sound financial performance through September 30, 2024, according to data released today by the Wisconsin Department of Financial Institutions (DFI).

At the end of the third quarter, total assets for Wisconsin’s state-chartered banks stood at $69.58 billion, up from $67.03 billion reported September 30, 2023. The net interest margin declined slightly at 3.18% compared to 3.20% in September 2023. Net loans increased by 4.15% to $50.4 billion, up by $2.0 billion over the same time.

In the twelve months ending on September 30, 2024:

• The capital ratio rose significantly to 10.28%, an increase from 9.44% in September 2023;
• The past due ratio increased to 0.88% from 0.62% in September 2023;
• Net operating income increased to $497.9 million compared to $460.5 million in September 2023;
• The return on average assets ratio rose slightly to 0.97% from 0.92% in September 2023; and
• Bank liquidity remained stable, with only a slight increase in the loans to assets ratio at 72.46% compared to 72.21% in September 2023.​

“Through the third quarter, Wisconsin’s state-chartered banks continue to persevere with sound financial performance through changing economic and global conditions,” said DFI Secretary Cheryll Olson-Collins. “Although monitoring of asset quality metrics will continue, the earnings and capital positions reflect some improvement. The continued stability of Wisconsin’s state-chartered banks provides strength and reliability to the state’s consumers, businesses, and communities.”

To learn more, read the DFI’s Bank Performance Indicator Report as of September 30, 2024.

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Media Contact Email: DFICommunications@dfi.wisconsin.gov​​