Efficiency ratio of U.S. banks, by quarter 2003-2023

The efficiency ratio of the U.S. banking industry fluctuated significantly between 2003 and 2024, signalling the varying performance and stability of the industry. The ratio, which measures the non-interest expense as a percentage of the net operating revenue, was 65.49 percent in the first quarter of 2024, notably lower than in the previous quarter. The highest efficiency ratios were measured during the global financial crisis in 2008.

Efficiency ratio of the commercial banking industry in the U.S. from 1st quarter 2003 to 1st quarter 2024

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Release date

June 2024

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Region

United States

Survey time period

Q1 2003 to Q1 2024

Supplementary notes

Data refers to bank holding companies and banks.

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Efficiency ratio of the commercial banking industry in the U.S. from 1st quarter 2003 to 1st quarter 2024

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Banking industry in the U.S.

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