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America’s Best Banks 2016 | Forbes

For the seventh straight year, Forbes has come up with a list of America’s Best Banks. They ranked the 100 largest publicly traded banks and thrifts based on the following methodology:

We looked at 10 metrics this year regarding asset quality, capital adequacy, growth and profitability. Banks range in size from $7 billion-in-assets Banc of California to $2.4 billion giant JPMorgan Chase JPM +0.00%. We tweaked the methodology this year to better reflect the current banking environment. We dropped return on average equity and nonperforming loans (NPLs) as a percentage of loans. We added three new metrics: return on average tangible common equity; net charge-offs as a percent of total loans and efficiency ratio.

Other metrics include: net interest margin; nonperforming assets as a percent of assets; reserves as a percent of NPLs, two capital ratios (Tier 1 and risk-based) and revenue growth over the last 12 months. All data is based on regulatory filings for the period ending Sept. 30. Each of the 10 metrics are weighted equally in the final rankings.

They discuss what has been going on in the banking industry in their article about the rankings. Some things that stood out in their review of the bank industry are:
  • There were only eight bank failures last year compared to 157 in 2010
  • The FDIC’s Problem Bank List stood at 203 in September, the lowest level since 2008, compared to a peak of 888 in March 2011
  • In order to comply with all of the regulatory orders, banks have been forced to raise a lot of equity and raise expenses.
  • There is a massive gap in size between the four biggest U.S. banks and everyone else, yet none of the Big Four could crack the top 50, with Wells Fargo the top performer at No. 52.
  • Last year’s top 50 banks returned 7.2% on average in the stock market, twice the return of the bottom 50.

For their article about “America’s Best Banks 2016”, click here. For the article about their methodology and the full list showing each bank’s assets, return on equity and other financial details, click here.

Now, without further ado, here is Forbes list of “America’s Best Banks 2016”

  1. CVB Financial (holding company for Citizens Business Bank)
  2. PacWest Bankcorp
  3. Prosperity Bancshares
  4. Glacier Bancshares
  5. Hilltop Holdings
  6. Signature Bank
  7. First Republic Bank
  8. Community Bank System
  9. Bank of Hawaii
  10. Western Alliance Bancorp
  11. Cullen/Frost Bankers
  12. Cathay General Bancorp
  13. East West Bancorp
  14. BankUnited
  15. Home BancShares
  16. Washington Federal
  17. National Penn Bancshares
  18. Umpqua Holdings
  19. Columbia Banking System
  20. Investors Bancorp
  21. Bank of the Ozarks
  22. Capital One Financial
  23. First National of Nebraska
  24. State Street
  25. Pinnacle Financial Partners
  26. Popular
  27. PrivateBancorp
  28. BBCN Bancorp
  29. New York Comm. Bancorp
  30. Central Bancompany
  31. First Interstate BancSystem
  32. South State
  33. WesBanco
  34. First BanCorp
  35. Flagstar Bancorp
  36. U.S. Bancorp
  37. Commerce Bancshares
  38. Simmons First National
  39. BOK Financial
  40. BancorpSouth
  41. Provident Financial Svcs
  42. Park National
  43. BB&T
  44. MB Financial
  45. United Community Banks
  46. Capitol Federal Financial
  47. Great Western Bancorp
  48. F.N.B.
  49. United Bankshares
  50. International Bancshares
  51. SVB Financial Group
  52. Wells Fargo & Company
  53. Union Bankshares
  54. M&T Bank
  55. First Financial Bancorp
  56. Banc of California
  57. Old National Bancorp
  58. Renasant
  59. Northern Trust
  60. First Citizens BancShares
  61. PNC Financial Services
  62. JPMorgan Chase
  63. Capital Bank Financial
  64. Texas Capital Bancshares
  65. Fifth Third Bancorp
  66. Webster Financial
  67. Huntington Bancshares
  68. Customers Bancorp
  69. SunTrust Banks
  70. NBT Bancorp
  71. Chemical Financial
  72. Zions Bancorporation
  73. Bank of New York Mellon
  74. Citigroup
  75. Trustmark
  76. First Midwest Bancorp
  77. Wintrust Financial
  78. KeyCorp
  80. Comerica Incorporated
  81. Valley National Bancorp
  82. Northwest Bancshares
  83. FirstMerit
  84. TFS Financial
  85. UMB Financial
  86. Associated Banc-Corp
  87. Sterling Bancorp
  88. Astoria Financial
  89. Berkshire Hills Bancorp
  90. Bank of America
  91. Synovus Financial
  92. Fulton Financial
  93. Regions Financial
  94. TCF Financial
  95. Citizens Financial Group
  96. People’s United Financial
  97. Hancock Holding
  98. EverBank Financial
  99. First Niagara Financial
  100. First Horizon National

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