Top-3 Public Community Banks in Connecticut | TiiCKER

Top-3 Public Community Banks in Connecticut

In the Spotlight

Chris Tromp May 22, 2020

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%.

Bankwell Financial Group, Inc. (Tii:BWFG) - Bankwell took the top spot in Connecticut and ranked #163 nationally with a 3-year average ROAE of 9.77%.

Salisbury Bancorp, Inc. (Tii:SAL) - Salisbury was next on the list among Connecticut community banks and ranked #262 nationally with a 8.51% ROAE.

First Greenwich Financial, Inc. (Tii:FGFI) - First Greenwich rounded out the top three in Connecticut and ranked #372 nationally with a 3-year average ROAE of 6.08%.

Full rankings, courtesy of American Banker and Capital Performance Group, can be found here.

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