Top-5 Public Community Banks in Georgia | TiiCKER

Top-5 Public Community Banks in Georgia

In the Spotlight

Chris Tromp May 26, 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%.

MetroCity Bankshares, Inc. (Tii:MCBS) - MetroCity took the top spot in Georgia and ranked #2 nationally with a 3-year average ROAE of 26.47%.

Thomasville Bancshares, Inc. (Tii:THVB) - Thomasville was next on the list among Georgia community banks and ranked #4 nationally with a 19.82% ROAE.

Morris State Bancshares, Inc. (Tii:MBLU) - Morris State rounded out the top three in Georgia and ranked #6 nationally with a 3-year average ROAE of 18.00%.

First IC Corporation (Tii:FIEB) - First IC ranked #23 nationally with a 3-year average ROAE of 14.10%.

Southwest Georgia Financial Corporation (Tii:SGB) - Southwest Georgia ranked #111 nationally with a 3-year average ROAE of 10.58%.

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

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