Principal Bank


Overview / Commentary
800-672-3343
655 9Th St
Des Moines, IA 50392

Principal Bank is headquartered in DES MOINES and is the largest bank in the state of Iowa. It is also the 183rd largest bank in the nation. It was established in 1998 and as of March of 2024, it had grown to 713 employees at 1 location. Principal Bank has a B+ health rating.

Reviews (1)

Want To Lose Money? Bank Here.

Posted by: |

My company 401K turned into an IRA with Principal bank. I began getting my statements and noticed the fee was $15 but the interest was $.80 cents. The interest rate is only .10%. When they could do no better I had them roll it over to another established IRA and guess what? They charged me a $10 "check" fee, even though the funds get sent electronically. What a SCAM. DO NOT put your money here, you will end up going backwards.



Health
B+

Health Grade Components

Overall
FDIC Certificate #34507
Year Established1998
Employees713
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.44%
Return on Equity - YTD31.12%
Annual Interest Income$96.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$8.38B$8.15B
LoansQ1 2024vs Q1 2023$2.35B$2.39B
DepositsQ1 2024vs Q1 2023$7.9B$7.8B
Equity CapitalQ1 2024vs Q1 2023$396.6MM$272MM
Loan Loss AllowanceQ1 2024vs Q1 2023$7.1MM$4.8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$10.2MM$13.6MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates

Sorry, we do not have rate data for Principal Bank.

Locations


Principal Bank Locations
Principal Bank655 9th StDes Moines, IA 50392

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