Wisconsin’s State-Chartered Banks Report Stable First Quarter Financial Performance

​For Immediate Release: June 3, 2024

Wisconsin’s State-Chartered Banks Report Stable First Quarter Financial Performance

MADISON, Wis. – Wisconsin’s 119 state-chartered banks continue to demonstrate stable financial performance as of March 31, 2024, according to data released today by the Wisconsin Department of Financial Institutions (DFI).

Total assets of Wisconsin’s state-chartered banks stand at $67.3 billion through March 31, 2024, up from $66.1 billion reported March 31, 2023. The net interest margin has declined, falling from 3.32% as of March 31, 2023, to 3.10% as of March 31, 2024. Net loans have increased by 5.1% from March 31, 2023, up $2.4 billion.

In the twelve months ending on March 31, 2024:

• The capital ratio improved to 9.91% compared to 9.77% in March 2023;
• The past due ratio increased to 0.82% from 0.55% in March 2023;
• Net operating income was $152.3 million, down from $162.7 million in March 2023;
• The return on average assets ratio declined slightly to 0.90% from 0.97% in March 2023; and
• Bank liquidity remained adequate but was impacted by the increase in the loans to assets ratio at 72.77% compared to 70.61% in March 2023.

“Through the first quarter, Wisconsin’s state-chartered banks demonstrated continued resiliency, despite ongoing economic risks and uncertainty,” said DFI Secretary Cheryll Olson-Collins. “Stable liquidity and asset quality metrics, along with favorable capital levels, indicate that Wisconsin’s state-chartered banks continue to provide strength to the state’s economy.”

To learn more, read the DFI’s Bank Performance Indicator Report as of March 31, 2024.

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