Top-5 Public Community Banks in Michigan | TiiCKER

Top-5 Public Community Banks in Michigan

In the Spotlight

Chris Tromp June 3, 2020
Michigan Banks

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%.

CSB Bancorp, Inc. (Tii:CBMI) - CSB took the top spot in Michigan and ranked #18 nationally with a 3-year average ROAE of 14.59%.

CNB Community Bancorp, Inc. (Tii:CNBB) - CNB was next on the list among Michigan community banks and ranked #19 nationally with a 14.57% ROAE.

Fentura Financial, Inc. (Tii:FETM) - Fentura rounded out the top three in Michigan and ranked #22 nationally with a 3-year average ROAE of 14.15%.

Commercial National Financial Corporation (Tii:CEFC) - Commercial National ranked #42 nationally with a 3-year average ROAE of 12.59%.

Huron Valley Bancorp, Inc. (Tii:HVLM) - Huron Valley ranked #52 nationally with a 3-year average ROAE of 12.26%.

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

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