Your job security, raises, bonuses, and promotions will be based on demographic factors and nepotism (and now RTO) WAY before actual job performance.
To be fair though, it's not just WF. Most orgs are like this (banking or not).
Also, there often is a disconnect between how employees see themselves (in terms of value) and how management sees them. What's important to you isn't always important to mgmt. Sometimes an employee will think that working extra hours to crank out a spreadsheet will get them rewarded because they worked really hard on it.
But big picture, that spreadsheet wasn't as important to mgmt. Also, mgmt is results-oriented. They don't care if something you did was difficult or easy - as long as it got done, that's all that matters. There's no reward for hard work, only smart work.
Bottom line: no matter where you work, putting in constant extra effort will almost always result in your being disappointed. Remember that work is an ongoing contract - your time for their money. It's business, and only business. Focus on fulfilling just what you need to for your end of the contract.
Nicely put, @qxk+1kiZlpME.