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.