Top-5 Public Community Banks in New Jersey | TiiCKER

Top-5 Public Community Banks in New Jersey

In the Spotlight

Chris Tromp May 18, 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%.

Unity Bancorp, Inc. (Tii:UNTY) - Unity took the top spot in New Jersey and ranked #15 nationally with a 3-year average ROAE of 14.79%.

Parke Bancorp, Inc. (Tii:PKBK) - Parke was next on the list among New Jersey community banks and ranked #16 nationally with a 14.67% ROAE.

Marlin Business Services Corp. (Tii:MRLN) - Marlin rounded out the top three in New Jersey and ranked #26 nationally with a 3-year average ROAE of 13.99%.

1st Colonial Bancorp, Inc. (Tii:FCOB) - 1st Colonial ranked #128 nationally with a 3-year average ROAE of 10.29%.

First Commerce Bank (Tii:CMRB) - First Commerce ranked #161 nationally with a 3-year average ROAE of 9.79%.

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

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