The final thesis analyzes the operations of three Croatian banks, which belong to the category of smaller banks, i.e. the paper analyzes Imex banka d.d., Agram banka d.d. and Bank Kovanica d.d. The operations of the aforementioned banks were analyzed through horizontal and vertical analysis of the banks' financial statements, i.e. the balance sheet and profit and loss account. Also, the operations of the banks were analyzed using the financial indicators of the banks. Financial indicators are used in assessing the financial performance of banks and are one of the most important and equally the most objective indicators and ways of measuring business performance. Financial indicators are the basis for analysis, assessment and making financial decisions, and they can be used in a way that they are observed in one period, by comparing them over several consecutive periods and by comparing them with the financial indicators of other companies in the sector in which the observed company is located. Accordingly, with the financial analysis of individual banks, a comparative financial analysis of the aforementioned banks was also performed. The paper showed that Agram banka d.d. achieved the highest operating income in the observed period, as well as the highest profit. However, all three companies saw a drop in profits in 2020 due to the impact of the pandemic on the world and the banking system. Ultimately, it turned out that all three banks are operating successfully, but it is evident that Agram banka d.d. operates most successfully.