American Banker’s Orla McCaffrey takes a deep dive into analysis by CPG’s Shama Patel and Trevor Fox on the top-performing banks with assets between $10 and $50 billion.
In a year that saw interest rates rise at the quickest pace in years, top-performing smaller regional banks thrived by insulating themselves from the variable effects of these rate increases.
Robust noninterest income and small cost-of-funds increases helped a select handful of banks lead the list of top-performing banks with assets between $10 billion and $50 billion. Consulting firm Capital Performance Group compiles the annual ranking. This year’s list used year-end 2022 data.
CPG conducts the rankings analysis using data provided by S&P Global Market Intelligence. Financial data is based on SEC filings. If SEC data was unavailable, regulatory financials were used. Data is for the 12 months ended Dec. 31, 2021, unless otherwise indicated. The banks were ranked on three-year return on average equity between 2020 and 2022; tiebreakers as follows: 2022 ROAE, 2021 ROAE, 2020 ROAE (in that order).
