Wisconsin’s State-Chartered Banks Report Sound Year-End 2024 Financial Performance

​For Immediate Release: March 6, 2025

Wisconsin’s State-Chartered Banks Report Sound Year-End 2024 Financial Performance

MADISON, Wis. – Wisconsin’s state-chartered banks reported sound financial performance through year-end 2024, according to data released today by the Wisconsin Department of Financial Institutions (DFI). As of December 31, 2024, there were 118 state-chartered commercial banks serving Wisconsin residents.

At year-end 2024, total assets for Wisconsin’s state-chartered banks stood at $70.24 billion, up from $67.08 billion reported on December 31, 2023. The net interest margin remained stable at 3.24% compared to 3.23% in December 2023. Net loans increased by 4.66% to $50.7 billion, up by $2.3 billion over the same time.

In the 12 months ending on December 31, 2024:

• The capital ratio remained satisfactory at 10.00%, an increase from 9.83% in December 2023;
• The past due ratio increased slightly to 0.92% from 0.69% in December 2023;
• Net operating income increased to $674.3 million compared to $605.6 million in December 2023;
• The return on average assets ratio increased to 0.98% from 0.91% in December 2023; and
• Bank liquidity remained stable, with only a slight decline in the loans to assets ratio to 72.21% compared to 72.24% in December 2023.

“Wisconsin’s state-chartered banks have benefited from improvement in earnings and capital through year-end 2024, demonstrating that strategies to manage elevated interest rates have been effective,” said DFI Division of Banking Administrator Kim Swissdorf. “While close monitoring of financial and asset quality metrics should continue in light of uncertain economic conditions, the stability of Wisconsin’s state-chartered banks through year-end provides strength to Wisconsin consumers and businesses.”

Additional information regarding Wisconsin’s state-chartered banks’ year-end 2024 financial performance is available in the DFI’s Bank Performance Indicator Report as of December 31, 2024.

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