Quarterly efficiency ratio of the U.S. banking industry 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.
