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.
- 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”
- CVB Financial (holding company for Citizens Business Bank)
- PacWest Bankcorp
- Prosperity Bancshares
- Glacier Bancshares
- Hilltop Holdings
- Signature Bank
- First Republic Bank
- Community Bank System
- Bank of Hawaii
- Western Alliance Bancorp
- Cullen/Frost Bankers
- Cathay General Bancorp
- East West Bancorp
- BankUnited
- Home BancShares
- Washington Federal
- National Penn Bancshares
- Umpqua Holdings
- Columbia Banking System
- Investors Bancorp
- Bank of the Ozarks
- Capital One Financial
- First National of Nebraska
- State Street
- Pinnacle Financial Partners
- Popular
- PrivateBancorp
- BBCN Bancorp
- New York Comm. Bancorp
- Central Bancompany
- First Interstate BancSystem
- South State
- WesBanco
- First BanCorp
- Flagstar Bancorp
- U.S. Bancorp
- Commerce Bancshares
- Simmons First National
- BOK Financial
- BancorpSouth
- Provident Financial Svcs
- Park National
- BB&T
- MB Financial
- United Community Banks
- Capitol Federal Financial
- Great Western Bancorp
- F.N.B.
- United Bankshares
- International Bancshares
- SVB Financial Group
- Wells Fargo & Company
- Union Bankshares
- M&T Bank
- First Financial Bancorp
- Banc of California
- Old National Bancorp
- Renasant
- Northern Trust
- First Citizens BancShares
- PNC Financial Services
- JPMorgan Chase
- Capital Bank Financial
- Texas Capital Bancshares
- Fifth Third Bancorp
- Webster Financial
- Huntington Bancshares
- Customers Bancorp
- SunTrust Banks
- NBT Bancorp
- Chemical Financial
- Zions Bancorporation
- Bank of New York Mellon
- Citigroup
- Trustmark
- First Midwest Bancorp
- Wintrust Financial
- KeyCorp
- IBERIABANK
- Comerica Incorporated
- Valley National Bancorp
- Northwest Bancshares
- FirstMerit
- TFS Financial
- UMB Financial
- Associated Banc-Corp
- Sterling Bancorp
- Astoria Financial
- Berkshire Hills Bancorp
- Bank of America
- Synovus Financial
- Fulton Financial
- Regions Financial
- TCF Financial
- Citizens Financial Group
- People’s United Financial
- Hancock Holding
- EverBank Financial
- First Niagara Financial
- First Horizon National