May 25, 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%.
First Citrus Bancorporation, Inc. (Tii:FCIT) - First Citrus took the top spot in Florida and ranked #96 nationally with a 3-year average ROAE of 10.98%.
TGR Financial, Inc. (Tii:TGRF) - TGR was next on the list among Florida community banks and ranked #104 nationally with a 10.64% ROAE.
Pioneer Bankcorp, Inc. (Tii:PBKC) - Pioneer rounded out the top three in Florida and ranked #131 nationally with a 3-year average ROAE of 10.21%.
First Home Bancorp, Inc. (Tii:FHBI) - First Home ranked #140 nationally with a 3-year average ROAE of 10.07%.
Three Shores Bancorporation, Inc. (Tii:TSHR) - Three Shores ranked #151 nationally with a 3-year average ROAE of 9.92%.
Full rankings, courtesy of American Banker and Capital Performance Group, can be found here.