PEER SET · 13 BANKS
Who Arvest is measured against
A defensible FDIC peer group spanning $20.5B–$41.7B in assets, screened by asset band, business model and Fed region. Arvest (gold) is the target; the other 12 are the comparison set. Hover any bubble or column in the charts below to see the bank or value.
Arvest Bank (target)$28.0BCERT 8728 · Fayetteville, AR
Bank OZK$41.7B
Hancock Whitney Bank$35.5B
BankUnited, N.A.$35.3B
First National Bank of Omaha$34.7B
Texas Capital Bank$33.2B
FirstBank$29.4B
City NB of Florida$28.6B
Ameris Bank$28.0B
Renasant Bank$27.1B
Simmons Bank$24.6B
Centennial Bank$23.0BHome BancShares
Central Trust Bank$20.5B
Arvest Bank · CERT 8728 · $28.0B
OP_04Comparison · 13 banks
Where it stands, in context
As of 20260331 · 44 metrics · FDIC Call Report-derived, bank-level. The target is always the gold marker.
Total assets
$28.0B
42nd pct · med $29.4B
ROA
0.54%
0th pct · med 1.40%
Efficiency ratio
83.24%
100th pct · med 51.76%
NIM
4.00%
75th pct · med 3.90%
CET1
11.54%
17th pct · med 12.92%
NIR / revenue
34.10%
100th pct · med 16.76%
OP_05Analytical takeaways
Arvest Bank is a well-funded, low-cost deposit franchise strangled by an industry-worst expense load — its 83.24% efficiency ratio consumes all the advantage of a best-in-peer NIM and cheapest funding base, leaving ROA (0.54%) and net income below every peer in the set. Until headcount and branch costs are rationalized, superior revenue inputs will continue to yield inferior bottom-line outputs.
Arvest's expense structure is uniquely destructive: NIE/assets of 4.60% sits at the 100th percentile of peers, more than 100 bps above the next-worst peer's 3.48%, turning a top-quartile NIM into the group's lowest ROA.
An outsized physical and human footprint — 227 branches (67th percentile) and 6,081 FTEs (100th percentile, above the peer maximum of 4,200) — drives overhead that absorbs virtually all net interest and noninterest income before reaching the bottom line. Assets per employee of $4,608K is dead last in the peer group, against a median of $10,606K, confirming that the labor model is fundamentally misaligned with Arvest's asset scale.
NIE/assets: 4.60% (100th percentile)peer max NIE/assets: 3.48%NIM: 4.00% (75th percentile)ROA: 0.54% (0th percentile)
Arvest operates the cheapest funding base in the peer group yet fails to convert it into earnings, exposing cost control as a structural expense problem rather than a funding problem.
With the lowest cost of funds and deposit cost in the peer set, Arvest generates a 4.00% NIM — yet PPNR/assets collapses to 0.93% (8th percentile) because noninterest expense consumes 4.60 cents of every asset dollar. The funding advantage is fully neutralized by overhead before pre-provision profit is measured.
Cost of funds: 1.29% (0th percentile, best)Deposit cost: 1.94% (0th percentile, best)Peer min cost of funds: 1.35%PPNR/assets: 0.93% (8th percentile)Efficiency ratio: 83.24% (100th percentile, worst)
Noninterest income is Arvest's only standout revenue lever, but at an 83% efficiency ratio it is overwhelmed by the cost base rather than augmenting earnings.
Arvest's fee income — likely driven by mortgage banking and service charges across its dense branch network — exceeds every peer on both an absolute and asset-normalized basis. In a normally efficient bank this would be a significant earnings tailwind; here it is absorbed entirely by the expense base, explaining why ROA remains below the peer floor despite superior fee generation.
NIR/total revenue: 34.10% (100th percentile)NIR/avg assets: 1.88% (100th percentile)NIR YTD: $131.1M (100th percentile)Peer max NIR/total revenue: 26.48%
Capital is thin on every measure and equity is being retained too slowly to close the gap: TCE/TA of 5.31% is below the peer minimum of 5.69%, and equity/assets of 8.27% is at the 0th percentile.
Low profitability limits organic capital generation: at 0.54% ROA and 6.58% ROE, Arvest retains earnings far too slowly to build tangible equity relative to asset growth (3.27% YoY). The result is TCE/TA that sits below every named peer — a structural vulnerability in a stress scenario.
TCE/TA: 5.31% (0th percentile, below peer min of 5.69%)Equity/assets: 8.27% (0th percentile, below peer min of 8.97%)CET1: 11.54% (17th percentile)ROE: 6.58% (8th percentile)Net income YTD: $37.9M (0th percentile)
Credit quality is modestly deteriorating — NCOs/loans of 0.90% (75th percentile, worse) and NPA/assets of 0.67% (67th percentile, worse) — while the allowance at 1.09% of loans provides below-median coverage.
Arvest's heavy 1-4 family mortgage concentration (33.0% of gross loans, 92nd percentile) combined with a mid-tier CRE book creates a mixed credit profile. The allowance at 1.09% covers only 1.2x NCOs on an annualized basis — below the peer median of 1.46% — leaving Arvest with less reserve cushion precisely when charge-offs are trending above the median peer.
NCO/loans: 0.90% (75th percentile)NPA/assets: 0.67% (67th percentile)Allowance/loans: 1.09% (17th percentile)Peer median allowance/loans: 1.46%
Watch items
TCE/TA Below Peer Floor — Capital Vulnerability
Arvest's tangible equity cushion is below every peer's floor; with asset growth at 3.27% and ROA at 0.54%, organic capital accumulation cannot keep pace — any meaningful credit stress or AOCI mark widening could push TCE/TA into regulatory scrutiny territory.
TCE/TA: 5.31% (0th percentile)Peer min TCE/TA: 5.69%Equity/assets: 8.27% (0th percentile)CET1: 11.54% (17th percentile)
CRE / Capital Concentration Near Supervisory Threshold
At 313% of total RBC capital, Arvest's CRE concentration already exceeds the 300% supervisory guideline; with capital thin and growing slowly, any CRE portfolio expansion or capital erosion would push this ratio toward the upper peer bound of 357% and invite enhanced examiner scrutiny.
CRE/total RBC capital: 313.49% (75th percentile)CRE loans % of gross: 36.62% (25th percentile)Peer max CRE/capital: 357.02%
Undercapitalized Allowance vs. Rising Charge-Offs
The allowance-to-loans ratio is 37 bps below the peer median while charge-offs are tracking above median — a reserve adequacy mismatch that could force outsized provision expense and further compress already-minimal earnings.
Allowance/loans: 1.09% (17th percentile)NCO/loans: 0.90% (75th percentile)Peer median allowance/loans: 1.46%
Extreme Staffing Density / Branch Productivity Gap
Arvest's workforce is 45% larger than the peer maximum and generates less than half the asset productivity of the median peer; combined with below-median deposit productivity per branch, this indicates a distribution model that requires fundamental redesign to reach competitive efficiency.
Employees: 6,081 (100th percentile, above peer max of 4,200)Assets/employee: $4,608K (0th percentile)Peer median assets/employee: $10,606KDeposits/branch: $108,592K (33rd percentile)Peer median deposits/branch: $158,461K
Caveats
- Data as of 2026-03-31 (Q1 2026 Call Report); YTD income figures reflect one quarter only and annualizing may misrepresent full-year run rates.
- Loan yield % and deposit cost % are approximations derived from interest income/expense flows against average balances; treat as indicative rather than precise contractual rates.
- All figures are bank-level (FDIC certificate 8728) and do not consolidate any holding company affiliates or intercompany eliminations.
- AOCI inclusion: TCE/TA and equity/assets metrics incorporate accumulated other comprehensive income/loss as reported; CET1 ratios follow regulatory capital rules which may exclude certain AOCI components. Given the dispersion in TCE/TA across the peer set (5.31%–12.58%), AOCI marks are a material driver of cross-bank differences and should be reviewed on a bank-by-bank basis.
- Peer set (12 banks) spans $20.5B–$41.7B in assets; Arvest at $28.0B sits near the lower-middle of the range, which can affect certain size-sensitive ratios.
OP_06Analyst's focus
What the analysis prioritized
The charts the synthesis pass called out, rendered on the metrics it cited.
percentile strip · Efficiency ratio
TargetPeer bankPeer medianmin — max range under each bar
Efficiency ratio
39.4%med 51.8%64.0%
83.24%100th pct
quadrant scatter · NIE / assets × ROA
NIE / assets × ROAbubble = Total assets
capital quality grouped · TCE / TA × CET1
Capital adequacytarget vs peer median
Asset qualitylower is better
distribution box · Assets / employee
TargetPeer bankPeer medianmin — max range under each bar
Assets / employee
$7.0Mmed $10.6M$25.2M
$4.6M0th pct
percentile strip · NIM
TargetPeer bankPeer medianmin — max range under each bar
NIM
2.94%med 3.90%6.53%
4.00%75th pct
OP_07Performance frontier
Efficiency vs returns
Each bubble is a bank, sized by assets. Dashed lines mark peer medians. Lower efficiency (left) and higher ROTCE (up) is the strong corner.
Efficiency ratio × ROTCEbubble = Total assets
OP_08Distributions
Target against the peer spread
Every peer is a dot; the gold marker is the target; the tick is the peer median.
TargetPeer bankPeer medianmin — max range under each bar
ROA
0.57%med 1.40%2.18%
0.54%0th pct
ROE
4.64%med 10.6%21.8%
6.58%8th pct
ROTCE
6.10%med 15.4%27.6%
11.39%25th pct
NIM
2.94%med 3.90%6.53%
4.00%75th pct
Efficiency ratio
39.4%med 51.8%64.0%
83.24%100th pct
Cost of funds
1.35%med 1.89%2.60%
1.29%0th pct
NIR / revenue
7.01%med 16.8%26.5%
34.10%100th pct
NIE / assets
1.48%med 2.29%3.48%
4.60%100th pct
Uninsured deposits
30.5%med 45.9%52.9%
26.69%0th pct
CRE / capital
143.6%med 268.6%357.0%
313.49%75th pct
OP_09Capital & asset quality
Cushion and credit
Target (gold) vs peer median (slate). Asset-quality metrics are better when lower.
Capital adequacytarget vs peer median
Asset qualitylower is better
OP_10Target trend
Trajectory, last 8 quarters
Direction-aware: green where the target improved, regardless of metric polarity.
ROA0.54%
2Q24→1Q26▲ 0.27pp
ROE6.58%
2Q24→1Q26▲ 2.74pp
ROTCE11.39%
2Q24→1Q26▲ 3.73pp
NIM4.00%
2Q24→1Q26▲ 0.47pp
Efficiency ratio83.24%
2Q24→1Q26▼ 3.77pp
Cost of funds1.29%
2Q24→1Q26▼ 0.42pp
NIR / revenue34.10%
2Q24→1Q26▼ 5.24pp
CET111.54%
2Q24→1Q26▲ 0.15pp
TCE / TA5.31%
2Q24→1Q26▲ 1.14pp
NPA / assets0.67%
2Q24→1Q26▲ 0.14pp
NCO / loans0.90%
2Q24→1Q26▲ 0.16pp
Loan growth6.55%
2Q24→1Q26▲ 1.37pp
OP_11Percentile positioning
All 44 metrics, by family
Target marker vs peer min–median–max. Percentile chips are direction-aware.
TargetPeer medianmin — max range under each bar
Scale6 metrics
Total assets
$20.5Bmed $29.4B$41.7B
$28.0B42nd pct
Net loans
$11.4Bmed $22.0B$32.5B
$19.6B42nd pct
Deposits
$16.4Bmed $23.2B$33.8B
$24.7B58th pct
Equity
$1.8Bmed $4.0B$6.2B
$2.3B8th pct
Branches
10med 178276
22767th pct
Headcount
1.1kmed 2.9k4.2k
6,081100th pct
Growth3 metrics
Asset growth
-7.85%med 6.03%48.3%
3.27%33rd pct
Loan growth
-3.13%med 5.05%44.6%
6.55%67th pct
Deposit growth
-7.07%med 3.66%47.1%
2.81%42nd pct
Profitability12 metrics
Net income YTD
$50.4Mmed $93.9M$163.4M
$37.9M0th pct
ROA
0.57%med 1.40%2.18%
0.54%0th pct
Pre-tax ROA
0.71%med 1.75%2.81%
0.72%8th pct
ROE
4.64%med 10.6%21.8%
6.58%8th pct
NIM
2.94%med 3.90%6.53%
4.00%75th pct
Earning-asset yield
5.02%med 5.56%8.48%
5.29%33rd pct
Cost of funds
1.35%med 1.89%2.60%
1.29%0th pct
Loan yield
5.13%med 6.11%10.1%
6.26%67th pct
Deposit cost
2.25%med 2.63%3.61%
1.94%0th pct
Efficiency ratio
39.4%med 51.8%64.0%
83.24%100th pct
PPNR / assets
0.87%med 2.22%3.84%
0.93%8th pct
NIE / assets
1.48%med 2.29%3.48%
4.60%100th pct
Revenue mix3 metrics
Noninterest income
$19.1Mmed $46.7M$110.2M
$131.1M100th pct
NIR / revenue
7.01%med 16.8%26.5%
34.10%100th pct
NIR / assets
0.22%med 0.69%1.27%
1.88%100th pct
Balance-sheet mix8 metrics
Loans / deposits
65.8%med 84.7%96.8%
79.60%17th pct
Loans / assets
51.9%med 69.8%78.4%
70.02%58th pct
Securities / assets
9.12%med 17.6%32.9%
18.22%58th pct
Uninsured deposits
30.5%med 45.9%52.9%
26.69%0th pct
C&I loans
2.74%med 13.6%35.0%
15.18%67th pct
CRE loans
20.6%med 48.4%60.0%
36.62%25th pct
CRE / capital
143.6%med 268.6%357.0%
313.49%75th pct
1-4 family mortgage
1.54%med 21.8%48.4%
32.99%92nd pct
Productivity2 metrics
Deposits / branch
$77.7Mmed $158.5M$2.9B
$108.6M33rd pct
Assets / employee
$7.0Mmed $10.6M$25.2M
$4.6M0th pct
Asset quality3 metrics
NPA / assets
0.26%med 0.57%1.35%
0.67%67th pct
NCO / loans
0.45%med 0.77%1.95%
0.90%75th pct
Allowance / loans
0.86%med 1.46%3.92%
1.09%17th pct
Capital7 metrics
CET1
10.4%med 12.9%15.1%
11.54%17th pct
Tier 1 RBC
10.4%med 12.9%15.1%
11.55%17th pct
Total RBC
11.4%med 14.3%16.4%
12.59%17th pct
Leverage
6.49%med 10.7%13.8%
9.08%17th pct
Equity / assets
8.97%med 13.0%17.5%
8.27%0th pct
TCE / TA
5.69%med 9.76%12.6%
5.31%0th pct
ROTCE
6.10%med 15.4%27.6%
11.39%25th pct