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Principal Bank

$1B-$10B Specialty: Mortgage IA FDIC cert 34507

Des Moines, IA

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 885 banks in the $1B-$10B peer group nationwide — 1 of 27 in IA.
  • Deposits +10.5% year over year ($9.3B on the books).
  • Delinquency rate 0.44%.
  • Return on assets 1.68%.
  • Efficiency ratio 37.98% vs a 59.73% peer average.
  • Loan-to-deposit ratio 32.24% vs a 85.04% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

885 banks in the $1B-$10B peer group nationally 27 in IA
View $1B-$10B leaderboard (IA) →

Principal Bank has 4 strengths but faces 3 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Profitability Leader: Top 24.8% in tier
  • + Revenue Diversifier: Top 45.0% in tier
  • + Efficiency Ratio 21.75% below tier average
  • + Delinquency Rate 0.43% below tier average

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 16.5% in tier
  • - Net Interest Margin 1.41% below tier average
  • - Non-Interest-Bearing Deposit Share 21.17% below tier average
Get updates when Principal Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
Total Assets ? $9.8B
+9.7% YoY +2.4% QoQ
+$7.0B $2.8B
-0.6% YoY
$566.2M
+5.8% YoY
$6.3B
+7.7% YoY
Top 0.3% in tier
Total Loans ? $3.0B
+13.6% YoY +4.1% QoQ
+$1.0B $2.0B
-0.3% YoY
$385.0M
+5.4% YoY
$3.2B
+9.4% YoY
82%
Total Deposits ? $9.3B
+10.5% YoY +2.3% QoQ
+$6.9B $2.3B
-0.5% YoY
$472.4M
+6.3% YoY
$4.9B
+7.3% YoY
Top 0.1% in tier
Return on Assets ? 1.68%
+59.1% YoY -1.5% QoQ
+0.29% 1.39%
+17.0% YoY
1.58%
+39.1% YoY
1.30%
+12.1% YoY
78%
Net Interest Margin ? 2.46%
-0.8% YoY +0.6% QoQ
-1.41% 3.87%
+6.2% YoY
3.58%
+9.0% YoY
3.95%
+4.9% YoY
Bottom 4.2% in tier
Efficiency Ratio ? 37.98%
-27.2% YoY -0.8% QoQ
-21.75% 59.73%
-12.6% YoY
57.74%
-6.0% YoY
70.05%
+2.5% YoY
Top 5.4% in tier
Delinquency Rate ? 0.44%
+1.8% YoY +5.7% QoQ
-0.43% 0.87%
+11.7% YoY
0.99%
+12.8% YoY
0.98%
+16.3% YoY
57%
Loan-to-Deposit Ratio ? 32.24%
+2.8% YoY +1.7% QoQ
-52.79% 85.04%
-0.1% YoY
80.39%
+2.7% YoY
79.03%
+2.3% YoY
Top 2.1% in tier
Non-Interest-Bearing Deposit Share ? 0.10%
-3.1% YoY -11.0% QoQ
-21.17% 21.27%
-1.5% YoY
17.72%
+0.8% YoY
21.98%
-0.6% YoY
Bottom 0.7% in tier
Nonperforming Asset Ratio ? 0.13%
+5.4% YoY +7.4% QoQ
-0.54% 0.67%
+11.7% YoY
0.63%
+7.9% YoY
0.69%
+15.8% YoY
81%
Tier 1 Capital Ratio ? 14.91%
-7.3% YoY -2.1% QoQ
+0.07% 14.84%
-0.4% YoY
14.69%
+3.0% YoY
17.09%
+0.8% YoY
73%
Non-Interest Income / Assets ? 0.60%
+109.4% YoY +101.5% QoQ
+0.07% 0.53%
+2.5% YoY
0.24%
+5.5% YoY
0.66%
+5.2% YoY
Top 13.7% in tier

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
Noninterest-Bearing 0.1%
0.0pp YoY
0.0pp QoQ
 -21.3pp 21.4% 17.8% 22.2% 0%
Brokered Deposits 0.0%
0.0pp YoY
0.0pp QoQ
 -9.4pp 9.5% 6.0% 8.5% 3%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
C&I n/a n/a 14.0% 12.8% 12.5% n/a
CRE n/a n/a 50.0% 28.3% 41.4% n/a
1-4 Family 100.4%
0.0pp YoY
+0.1pp QoQ
 +74.0pp 26.4% 23.0% 31.3% 100%
Consumer n/a n/a 4.7% 2.9% 5.0% n/a

Capital

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
CET1 Ratio 14.9%
-1.2pp YoY
-0.3pp QoQ
 -0.7pp 15.6% 15.4% 19.7% 68%
Leverage Ratio 7.1%
-0.1pp YoY
-0.1pp QoQ
 -4.2pp 11.3% 12.4% 12.6% 1%
Total Capital Ratio 15.1%
-1.2pp YoY
-0.3pp QoQ
 -1.6pp 16.7% 16.5% 20.8% 57%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
Full-Time Employees 627
-67 (-9.7%) YoY
-5 (-0.8%) QoQ
 +313 313 64 482 90%
Assets per Employee ($) $15.7M
+21.5% YoY
+3.2% QoQ
 +$5.2M $10.5M $8.9M $8.8M 91%
Branch Count 1
0 YoY
0 QoQ
 -19 20 5 18 0%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.2% 0.4% 0.4% n/a
Nonaccrual 0.4%
0.0pp YoY
0.0pp QoQ
 -0.4pp 0.8% 1.0% 1.0% 43%
Allowance Coverage 0.57x
-29.3% YoY
+3.7% QoQ
 -18.14x 18.71x 18.97x 20.23x 8%
Net Charge-off Rate (YTD) n/a n/a 0.3% 0.1% 0.2% n/a

Profitability

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
ROE 33.0%
+10.4pp YoY
-0.2pp QoQ
 +20.4pp 12.6% 12.8% 11.6% 98%
Cost of Funds (YTD) 1.7%
-0.2pp YoY
0.0pp QoQ
 -0.2pp 1.9% 1.8% 1.7% 37%
Net Income ($, YTD) $80.8M
+73.1% YoY
— QoQ
 +$61.6M $19.2M $4.0M $40.4M 98%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (2)

Profitability Leader

growth
#56 of 222 • Top 24.8% in tier

Top-quartile profitability for peers of this size. Strong fundamentals and operational efficiency.

Why this signature
Return on Assets: 1.68%
(Tier: 1.39%, National: 1.30%)
better than tier avg
222 of 222 Mid-Market banks match · 923 nationally
→ Stable | QoQ rank improving

Revenue Diversifier

growth
#101 of 222 • Top 45.0% in tier

Top-quartile non-interest income relative to assets. Revenue less dependent on spread - more resilient to rate cycles.

Why this signature
Noninterest Income / Assets: 0.60%
(Tier: 0.53%, National: 0.66%)
better than tier avg
Return on Assets: 1.68%
(Tier: 1.39%, National: 1.30%)
better than tier avg
222 of 222 Mid-Market banks match · 923 nationally
→ Stable | QoQ rank declining

Concerns (1)

Credit Quality Pressure

risk
#82 of 492 • Bottom 16.5% in tier

Delinquencies rising year-over-year. Credit risk is building - underwriting tools or reserves may need attention.

Why this signature
Delinquency Rate: 0.44%
(Tier: 0.87%, National: 0.98%)
better than tier avg
492 of 492 Mid-Market banks match · 1820 nationally
→ Stable -71 banks QoQ | QoQ rank improving

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 885 peers in $1B-$10B

Top Strengths (8 metrics)

1
Total Deposits
size
Value: $9.26B
Peer Median: $2.32B
#1 of 885 Top 0.1% in $1B-$10B
4
Total Assets
size
Value: $9.84B
Peer Median: $2.79B
#4 of 885 Top 0.3% in $1B-$10B
20
Loan-to-Deposit Ratio
liquidity
Value: 32.24%
Peer Median: 85.04%
#20 of 885 Top 2.1% in $1B-$10B
49
Efficiency Ratio
profitability
Value: 37.98%
Peer Median: 59.73%
#49 of 885 Top 5.4% in $1B-$10B
122
Non-Interest Income / Assets
revenue_mix
Value: 0.60%
Peer Median: 0.53%
#122 of 885 Top 13.7% in $1B-$10B
157
Total Loans
size
Value: $2.99B
Peer Median: $1.96B
#157 of 885 Top 17.6% in $1B-$10B
170
Nonperforming Asset Ratio
credit_quality
Value: 0.13%
Peer Median: 0.67%
#170 of 885 Top 19.1% in $1B-$10B
196
Return on Assets
profitability
Value: 1.68%
Peer Median: 1.39%
#196 of 885 Top 22.0% in $1B-$10B

Top Weaknesses (2 metrics)

880
Non-Interest-Bearing Deposit Share
funding
Value: 0.10%
Peer Median: 21.27%
#880 of 885 Bottom 0.7% in $1B-$10B
849
Net Interest Margin
profitability
Value: 2.46%
Peer Median: 3.87%
#849 of 885 Bottom 4.2% in $1B-$10B
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