Top-3 Public Community Banks in Arizona
In the Spotlight
American Banker magazine recently unveiled their list of the Top 200 Publicly Traded Community Banks with less than $2 billion in assets as of December 31, 2019. Nationally, 511 institutions fit the category for the list this year.
The ranking is based on three-year return on average equity (ROAE), a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders’ equity. The ROAE for the 511 institutions was 8.60%.
State Bank Corp. (Tii:SBAZ) - State Bank took the top spot in Arizona and ranked #54 nationally with a 3-year average ROAE of 12.15%.
Metro Phoenix Bank (Tii:MPHX) - Metro Phoenix was next on the list among Arizona community banks and ranked #138 nationally with a 10.10% ROAE.
Republic Bank of Arizona (Tii:RBAZ) - Republic Bank rounded out the top three in Arizona and ranked #411 nationally with a 3-year average ROAE of 5.04%.
Full rankings, courtesy of American Banker and Capital Performance Group, can be found here.