Wyoming Banks

Wyoming banks posted a return on assets of 1.18% in Q1 2026, up 7 basis points year-over-year from 1.11% in Q1 2025, marking the highest ROA in the year-over-year series shown. Quarter-over-quarter, ROA was stable at 1.20% in Q4 2025 versus 1.18% now—a 2-basis-point decline. The YoY gain is solid; the QoQ move negligible. The trend is stable, not accelerating.

Net interest margin held at 3.82% in Q1 2026, unchanged from Q4 2025 and up 21 basis points year-over-year from 3.61% in Q1 2025. The QoQ flatness contrasts with the YoY expansion; the NIM widening is decelerating. Wyoming's 3.82% NIM matches the national benchmark exactly, up from a 21-basis-point deficit a year ago. The efficiency ratio rose 10 basis points QoQ to 65.71% from 65.60% in Q4 2025, but improved 1.80 percentage points YoY from 67.51% in Q1 2025. The QoQ uptick reflects seasonal operating-expense patterns; the YoY improvement reflects sustained cost discipline. Wyoming's 65.71% efficiency ratio sits 1.56 percentage points above the national 64.14%, indicating slightly higher operating costs per dollar of revenue. Net interest income as a percentage of revenue fell sharply QoQ to 0.21% from 0.80% in Q4 2025, though YoY the move was stable at 0.18% versus 0.21% now. The QoQ decline likely reflects a nonrecurring revenue item in Q4 2025 rather than a structural shift.

The 2-basis-point gap between Wyoming's 1.18% ROA and the national 1.20% is narrowing year-over-year (the YoY gap was 9 basis points in Q1 2025) and stable quarter-over-quarter. Wyoming banks' profitability converged toward the national benchmark over the past year, driven by NIM expansion and efficiency-ratio improvement. If the current quarterly pace of ROA change (2 basis points per quarter over the two quarters shown) persists, Wyoming banks may match or exceed the national ROA by mid-2026.

Wyoming banks' asset growth decelerated to 4.50% year-over-year in Q1 2026 from 4.80% in Q4 2025, a 6.16-percentage-point slowdown, though asset growth accelerated 110.64 percentage points year-over-year from 2.14% in Q1 2025. Quarter-over-quarter, the deceleration is modest; year-over-year, the acceleration is dramatic. The trend is decelerating from a high base, not contracting.

Loan growth decelerated to 5.82% year-over-year in Q1 2026 from 5.95% in Q4 2025, a 2.22-percentage-point slowdown, and decelerated 29.72 percentage points year-over-year from 8.28% in Q1 2025. Deposit growth decelerated more sharply to 3.72% year-over-year in Q1 2026 from 4.83% in Q4 2025, a 22.93-percentage-point slowdown, and decelerated 20.27 percentage points year-over-year from 4.67% in Q1 2025. Loan growth at 5.82% outpaced deposit growth at 3.72%, mechanically lifting the loan-to-deposit ratio by 1.25 percentage points YoY to 62.16%. The deposit-growth deceleration (22.93 percentage points QoQ) exceeded the loan-growth deceleration (2.22 percentage points QoQ), creating upward pressure on the loan-to-deposit ratio. Wyoming's 4.50% asset growth sits 65 basis points below the national 5.15%, and loan growth at 5.82% trails the national 6.20% by 38 basis points, while deposit growth at 3.72% lags the national 5.02% by 1.30 percentage points.

The 65-basis-point gap between Wyoming's 4.50% asset growth and the national 5.15% is widening quarter-over-quarter (the QoQ gap was smaller in Q4 2025) and narrowing year-over-year (the YoY gap was 3.01 percentage points in Q1 2025). Wyoming banks' growth decelerated more sharply than the national aggregate in Q1 2026, particularly on deposits. If the current quarterly pace of deposit-growth deceleration (22.93 percentage points per quarter over the two quarters shown) persists, Wyoming deposit growth approaches zero by Q3 2026, though such extrapolation assumes no seasonal or cyclical reversal.

Wyoming banks' delinquency rate held stable at 0.28% in Q1 2026, down 4 basis points quarter-over-quarter from 0.31% in Q4 2025 and down 3 basis points year-over-year from 0.31% in Q1 2025, marking the lowest delinquency rate in the year-over-year series shown. Quarter-over-quarter and year-over-year, the moves are negligible. The trend is stable, not improving materially.

The nonperforming-asset ratio held stable at 0.16% in Q1 2026, down 3 basis points quarter-over-quarter from 0.19% in Q4 2025 and down 3 basis points year-over-year from 0.19% in Q1 2025, also the lowest NPA ratio in the series shown. Wyoming's 0.28% delinquency rate sits 42 basis points below the national 0.70%, and the 0.16% NPA ratio sits 34 basis points below the national 0.51%, reflecting Wyoming banks' conservative underwriting and limited exposure to higher-risk loan categories. Tier 1 capital rose 19 basis points quarter-over-quarter to 14.84% from 14.65% in Q4 2025, though it declined 12 basis points year-over-year from 14.96% in Q1 2025. The QoQ capital build reflects retained earnings and modest asset growth; the YoY decline reflects faster asset growth in earlier quarters. Wyoming's 14.84% Tier 1 capital ratio sits 58 basis points above the national 14.26%, indicating a substantial capital cushion.

The 42-basis-point gap between Wyoming's 0.28% delinquency rate and the national 0.70% is stable quarter-over-quarter and widening year-over-year (the YoY gap was 39 basis points in Q1 2025). Wyoming banks maintain credit quality well above the national aggregate, driven by energy-sector and small-business lending concentrations that performed strongly over the past year. If the current quarterly pace of Tier 1 capital change (19 basis points per quarter over the two quarters shown) persists, Wyoming banks' capital ratios continue to build toward the 15% threshold by year-end 2026.

Wyoming banks' loan-to-deposit ratio reached 62.16% in Q1 2026, up 1.25 percentage points year-over-year from 60.91% in Q1 2025, marking the highest in the year-over-year series shown. Quarter-over-quarter, the ratio was stable at 62.14% in Q4 2025 versus 62.16% now—a 1-basis-point uptick. The YoY expansion is modest; the QoQ move negligible. The trend is stable, not accelerating.

The 62.16% ratio sits 14.22 percentage points below the national 76.38%, reflecting Wyoming banks' structurally conservative lending posture and significant excess liquidity. Deposit growth at 3.72% YoY outpaced the loan-to-deposit ratio expansion, but loan growth at 5.82% YoY mechanically lifted the ratio. The QoQ deceleration in deposit growth (from 4.83% in Q4 2025 to 3.72% in Q1 2026, a 22.93-percentage-point slowdown) outpaced the loan-growth deceleration (from 5.95% to 5.82%, a 2.22-percentage-point slowdown), creating upward pressure on the ratio. Noninterest-bearing deposit share fell 32 basis points QoQ to 21.74%, down 66 basis points YoY from 22.40%, though still 15 basis points above the national 21.60%. The NIB erosion reflects depositor migration to interest-bearing products, consistent with the broader industry pattern.

The 14.22-percentage-point gap between Wyoming's 62.16% loan-to-deposit ratio and the national 76.38% is stable quarter-over-quarter and widening year-over-year (the YoY gap was 15.47 percentage points in Q1 2025). Wyoming banks maintain substantial deposit capacity relative to loan demand, a structural feature of the state's small-business and energy-sector deposit base. If the current quarterly pace of loan-to-deposit ratio expansion (1 basis point per quarter over the two quarters shown) persists, Wyoming banks remain well below national lending intensity for the foreseeable future.