Top-5 Public Community Banks in New York | TiiCKER

Top-5 Public Community Banks in New York

In the Spotlight

Chris Tromp June 2, 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%.

Greene County Bancorp, Inc. (MHC) (Tii:GCBC) - Greene County took the top spot in New York and ranked #8 nationally with a 3-year average ROAE of 16.25%.

Lyons Bancorp, Inc. (Tii:LYBC) - Lyons was next on the list among New York community banks and ranked #44 nationally with a 12.58% ROAE.

Evans Bancorp, Inc. (Tii:EVBN) - Evans rounded out the top three in New York and ranked #77 nationally with a 3-year average ROAE of 11.47%.

Steuben Trust Corporation (Tii:SBHO) - Steuben ranked #88 nationally with a 3-year average ROAE of 11.20%.

Ballston Spa Bancorp, Inc. (Tii:BSPA) - Ballston Spa ranked #122 nationally with a 3-year average ROAE of 10.37%.

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

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