May 19, 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%.
Peoples Limited (Tii:PPLL) - Peoples Limited took the top spot in Pennsylvania and ranked #33 nationally with a 3-year average ROAE of 12.99%.
American Bank Incorporated (Tii:AMBK) - American was next on the list among Pennsylvania community banks and ranked #48 nationally with a 12.46% ROAE.
Citizens Financial Services, Inc. (Tii:CZFS) - Citizens rounded out the top three in Pennsylvania and ranked #59 nationally with a 3-year average ROAE of 12.01%.
Susquehanna Community Financial, Inc. (Tii:SQCF) - Susquehanna ranked #63 nationally with a 3-year average ROAE of 11.86%.
Woodlands Financial Services Company (Tii:WDFN) - Woodlands ranked #78 nationally with a 3-year average ROAE of 11.41%.
Full rankings, courtesy of American Banker and Capital Performance Group, can be found here.