Top Performing Banks with Assets between $2B – $10B

The second group of the 2023 Top Performing Banks in the U.S. is here! CPG partners with American Banker to rank the top performers. Some takeaways from the $2-10B Community Bank rankings:

• Despite the challenges brought on by elevated rates and deposit outflows, the median net interest margin increased by 62 bps for the Top 20 banks in 2023.
• Top Performers had a much higher one-year gap/assets in 2023, and thus benefitted more from rising rates. This was a large contributor to their higher yield on average earning assets.
• The Top 20 operated at a lower level of operating expense relative to total assets being smaller in overall size.
• Both the Top 20 and All Banks experienced a decline in core deposits in 2023. However, Top Performers incurred a slightly slower (-4.81%) core deposit runoff than All Banks (-6.42%).

Jackie Stewart reports the top 20 here: “The 20 Top-Performing Banks with between $2B and $20B of Assets”

Read John Reosti’s article “Top Performing Larger Community Banks Succeeded at Minding the Gap”