Leading midsize banks ride deposit strength to top of rankings

The top-performing midsize banks in the U.S. navigated the high interest rate environment of 2023 better than their peers, keeping expenses in check while growing loans at a steady clip.

The top 10 banks — out of 86 with between $10 billion and $50 billion of assets — generated stronger profits than the group overall last year, according to Capital Performance Group. CPG compiles the rankings that are published annually by American Banker. The consulting firm bases the list on each institution's average three-year return on average equity between 2021 and 2023. Overall, the firm used year-end 2023 data.

CPG analysts Ally Akins and Claude Hanley told American Banker that the top 10 generated an average three-year ROAE of 17.44% versus 10.39% for this segment of the industry overall. They said that, while the group overall saw costs increase, the highest-ranked banks contained noninterest expenses.

Net loan growth of top performers and the segment overall exceeded 5% last year, but the strongest banks grew core deposits in 2023 by more than 2%, while the group overall saw a decline. This helped the highest-ranked banks to minimize deposit cost increases because of high rates, supporting net interest margins and bottom lines. The NIM on average for the top 10 banks were 15 basis points higher than overall.

Profits in 2023 were more than 40% higher for the top banks compared to their overall peer group.

"The top performers remained more liquid in 2023, which helped their profitability in a rising rate environment," Akins and Hanley said in a summary of their findings.

The $21.3 billion-asset Customers Bancorp in West Reading, Pennsylvania, claimed the No. 1 spot for midsize banks in 2023. It continued the momentum into early 2024 with first-quarter net income of $45.9 million.

"While we have made significant strides, especially in 2023, our opportunity in 2024 looks even stronger," Chairman and CEO Jay Sidhu told analysts after reporting first-quarter results.

"We remain very optimistic about the year with strong and growing loan and deposit pipelines," he added. "We are in an enviable position to continue to take market share."

The bank's credit quality remains pristine, as well, an important strength at a time when investors are concerned that high rates could squeeze some borrowers and result in mounting loan losses. Customers' nonperforming assets to overall assets ratio was just 17 basis points for the first quarter.

"Some of the key metrics we focus on, and which we believe differentiate the top-performing banks, include growth in revenue, [earnings per share] and tangible book value per share. We have recorded more than 15% annualized growth on each of these metrics over the last five years, and revenues have grown two times" the rate of expenses, Sidhu said.

"We have accomplished this performance without raising a single dollar of common equity and diluting our existing shareholders," he added.

The bank also continues to invest in growth. It recently hired 10 business banking teams from legacy Signature Bank, which failed last year. "We expect this will accelerate the execution of our strategic priorities, especially helping to take the quality of our deposit franchise to the next level," Sidhu said. "These teams have an incredible track record with decades of experience working together, serving an awesome client base" and "serve to further accelerate and enhance" the bank's momentum.

Merchants Bancorp in Carmel, Indiana, ranked No. 2. The $17.8 billion-asset bank also extended its fortunes into the first quarter of this year, generating net income of $87.1 million. It marked the company's highest quarterly earnings in its history. It also marked a 58% jump when compared to the first quarter of 2023 and a 12% increase from the prior quarter.

At a time when most banks are struggling to generate growth, Merchants' loans jumped 25% from a year earlier and 6% from the previous quarter.

"The momentum of our profitability continued … all while decreasing our efficiency ratio to 29.1%, increasing our return on average assets to 2.07%, and increasing our tangible book value by 28%, to $29.26 per share," Merchants Chairman and CEO Michael Petrie said in the company's earnings report.

Michael Jamesson, a principal at the bank consulting firm Jamesson Associates, said in a recent interview that the outlook for the industry overall appears brighter for 2024. The economy continues to grow and recession fears ignited by high rates have faded, given the resilience of a consistently strong labor market.

What's more, rates that were pushed higher by the Federal Reserve over the past two years to tame inflation have leveled off this year and are poised to decline as soon as this fall. Inflation dropped from 9% in 2022 to 3% in June. Fed officials signaled that at least one rate cut is in the cards for the second half of this year, perhaps as soon as September. Declining rates could curb deposit costs and spur more loan demand for banks.

"I think the worst fears around rates appear to be behind us," Jamesson said, "and the outlook is much better."

View Table
All Banks $10B-$50B 2023
    Total Assets ROAA 3-Year Avg ROAE ROAE Net Interest Margin (FTE) Efficiency Ratio (FTE) Total Noninterest Income Net Income Net Income Net Income Change Total Risk-Based Cap Ratio Yield on Avg Earning Assets  Cost of Funds Net Loans/Assets Net Loans/Deposits Core Deps/Total Deps NPAs/TotalAssets Core Dep Change  Net Loan Change Net Income Change Revenue Change
2023 2022   ($000) (%) (%) (%) (%) (%) ($000) ($000) ($000) ($000) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%)
Rank Rank Institution Name City State 12/31/23 2023 2021-2023 2023 2023 2023 2023 2023 2022 2022-2023 12/31/23 2023 2023 12/31/23 12/31/23 12/31/23 12/31/23 2022-2023 2022-2023 2022-2023 2022-2023
                                                     
    Median: All Institutions     18,564,038 0.94 10.12 8.77 3.18 58.07 119,565 180,272 218,999 (26,750) 14.42   5.07 1.89 68.06 84.21 83.06 0.28 (6.27) 5.39 (13.41) 1.30
    Median: Top 10 Institutions     17,931,033 1.45 17.45 16.54 3.11 50.79 129,266 264,689 239,769 2,781 15.70   5.54 2.14 64.17 74.37 81.74 0.18 3.81 5.52 1.00 2.92
    Average: All Institutions     22,081,600 0.90 10.39 8.28 3.20 58.52 188,840 191,997 249,943 (57,946) 14.98   5.08 2.00 67.89 86.03 81.02 0.31 (1.69) 5.42 (10.54) 0.53
    Average: Top 10 Institutions     20,789,028 1.36 17.44 15.83 3.35 52.07 171,388 274,246 299,328 (25,083) 15.47   5.56 2.36 67.94 83.48 81.76 0.30 2.37 5.38 (5.52) (0.61)
       
1 5 Customers Bancorp, Inc. West Reading PA 21,316,265 1.16 19.50 16.72 3.29 45.08 76,238 250,143 228,034 22,109 15.29 6.52 3.45 61.30 72.92 81.67 0.13 5.01 (16.58) 9.70 10.92
2 1 Merchants Bancorp Carmel IN 16,952,516 1.85 18.97 17.63 3.06 30.95 114,668 279,234 219,721 59,513 11.64 7.36 4.73 78.29 94.39 63.25 0.44 25.59 28.39 27.09 26.60
3 6 FirstBank Holding Company Lakewood CO 28,183,594 1.01 18.67 21.32 2.41 61.82 129,001 293,455 285,685 7,770 16.52 3.79 1.49 57.45 66.56 81.81 0.03 (17.20) 0.27 2.72 (12.65)
4 3 ServisFirst Bancshares, Inc. Birmingham AL 16,129,668 1.37 18.38 15.14 2.81 38.03 29,555 206,853 251,504 (44,651) 12.45 5.56 2.95 71.36 86.72 91.30 0.13 13.42 (0.28) (17.75) (13.25)
5 18 First BanCorp. San Juan PR 18,909,549 1.62 17.69 21.86 4.33 49.29 124,468 302,864 305,072 (2,208) 18.57 5.52 1.32 63.10 72.06 77.16 0.67 (6.28) 5.54 (0.72) 0.39
6 8 Commerce Bancshares, Inc. Kansas City MO 31,701,061 1.52 17.21 18.24 3.16 57.87 570,421 485,177 500,020 (14,843) 16.03 4.37 1.33 53.78 67.21 88.66 0.02 (10.74) 5.50 (2.97) 5.45
7 2 Midland Financial Co. Oklahoma City OK 36,678,291 1.01 16.95 10.01 2.80 57.35 135,869 458,217 644,613 (186,396) 18.93 5.07 2.42 81.84 129.81 81.06 0.15 6.51 2.96 (28.92) (13.39)
8 4 State Bankshares, Inc. Fargo ND 14,302,842 0.53 16.07 5.08 1.92 78.70 216,892 72,176 199,296 (127,120) 13.01 4.93 3.09 85.93 98.63 78.31 0.21 2.61 7.65 (63.78) (32.92)
9 13 BancFirst Corporation Oklahoma City OK 12,372,042 1.75 15.63 15.89 3.79 51.13 187,236 212,465 193,100 19,365 16.90 5.57 1.87 61.13 70.68 91.01 0.42 (5.12) 10.30 10.03 9.38
10 NA OFG Bancorp San Juan PR 11,344,453 1.79 15.29 16.37 5.96 50.46 129,530 181,872 166,239 15,633 15.37   6.87 0.99 65.24 75.82 83.39 0.83 9.91 10.09 9.40 13.38
11 7 Bank of Hawaii Corporation Honolulu HI 23,733,296 0.71 15.22 12.63 2.24 61.35 189,464 171,202 225,804 (54,602) 13.60 3.64 1.42 58.24 65.65 80.58 0.05 (4.99) 2.36 (24.18) (3.59)
12 10 First Financial Bankshares, Inc. Abilene TX 13,105,594 1.55 15.01 14.99 3.29 46.06 115,076 198,977 234,475 (35,498) 19.62 4.50 1.26 53.98 63.51 91.57 0.26 (2.69) 10.92 (15.14) (5.78)
13 25 International Bancshares Corporation Laredo TX 15,066,189 2.64 14.77 18.66 4.78 33.45 169,885 412,377 302,798 109,579 23.65 5.77 1.08 52.45 66.83 79.49 0.49 (11.26) 8.18 36.19 23.38
14 9 Stifel Financial Corp. Saint Louis MO 37,727,460 1.38 13.60 9.85 3.56 82.51 3,207,244 522,536 662,155 (139,619) 18.20 6.06 3.02 54.11 74.68 100.00 0.12 0.83 (4.06) (21.09) (0.79)
15 17 Cathay General Bancorp Los Angeles CA 23,081,534 1.56 13.46 13.56 3.45 46.10 53,044 354,124 360,642 (6,518) 14.31 5.78 2.53 83.98 100.30 51.51 0.37 (13.00) 7.08 (1.81) 0.59
16 52 Hancock Whitney Corporation Gulfport MS 35,578,573 1.10 13.19 11.13 3.34 55.34 337,734 392,602 524,089 (131,487) 13.93 4.92 1.66 66.44 79.62 83.48 0.18 (9.90) 3.54 (25.09) 3.89
17 16 UMB Financial Corporation Kansas City MO 44,011,674 0.88 13.16 12.23 2.52 62.86 544,992 350,024 431,682 (81,658) 12.85 4.96 2.53 52.16 64.14 91.41 0.03 3.14 10.15 (18.92) 3.94
18 31 Bank OZK Little Rock AR 34,237,457 2.25 13.05 14.22 5.16 32.93 119,583 690,839 564,090 126,749 14.10 7.61 2.72 76.29 95.31 48.06 0.37 (9.57) 26.98 22.47 24.58
19 11 Pinnacle Bancorp, Inc. Omaha NE 19,109,659 0.68 12.73 9.20 2.40 66.56 69,741 131,198 196,774 (65,576) 14.11 4.05 1.77 66.59 77.27 81.65 0.08 (4.68) 7.59 (33.33) (13.80)
20 NA First Commonwealth Financial Corporation Indiana PA 11,459,488 1.42 12.45 12.80 3.81 52.91 96,712 157,063 128,181 28,882 13.93 5.23 1.49 77.50 96.61 85.99 0.36 4.00 17.61 22.53 17.39
21 30 Banner Corporation Walla Walla WA 15,670,391 1.18 12.28 11.94 4.01 58.26 63,651 183,624 195,378 (11,754) 14.58 4.87 0.91 68.10 81.91 88.66 0.17 (10.43) 6.06 (6.02) 2.53
22 27 Enterprise Financial Services Corp Clayton MO 14,518,590 1.41 11.97 11.96 4.43 53.40 67,937 194,059 203,043 (8,984) 14.16 6.00 1.68 74.04 88.28 89.55 0.34 5.87 11.96 (4.42) 18.26
23 38 WSFS Financial Corporation Wilmington DE 20,594,672 1.33 11.91 11.72 4.10 53.43 280,244 269,025 222,648 46,377 15.23 5.53 1.47 61.24 76.56 89.20 0.37 (2.30) 6.86 20.83 9.66
24 14 Bremer Financial Corporation Saint Paul MN 16,375,730 0.76 11.83 8.80 2.90 66.35 111,155 124,008 198,460 (74,452) 13.87 4.56 1.88 69.38 87.87 90.19 0.38 (6.58) 7.99 (37.51) (7.40)
25 23 Sandy Spring Bancorp, Inc. Olney MD 14,028,172 0.87 11.58 8.04 2.67 61.55 66,378 122,844 166,299 (43,455) 14.92 4.78 2.29 80.25 102.37 75.31 0.65 (6.26) (0.13) (26.13) (15.45)
26 22 NBT Bancorp Inc. Norwich NY 13,309,040 0.95 11.57 9.34 3.29 60.44 151,493 118,782 151,995 (33,213) 14.75 4.54 1.32 71.68 86.97 87.92 0.26 6.42 18.51 (21.85) 2.08
27 34 BOK Financial Corporation Tulsa OK 49,824,830 1.10 11.05 10.82 2.96 61.42 789,578 531,133 520,293 10,840 13.16 5.44 2.55 47.54 69.62 91.16 0.28 (6.07) 5.75 2.08 11.11
28 37 First Merchants Corporation Muncie IN 18,405,887 1.23 10.93 10.52 3.35 54.48 109,505 223,786 222,089 1,697 13.67 5.40 2.20 66.83 82.99 84.22 0.32 (4.76) 4.33 0.76 5.46
29 36 CVB Financial Corp. Ontario CA 16,020,993 1.35 10.91 11.03 3.31 39.94 47,495 221,435 235,425 (13,990) 15.50 4.10 0.83 55.04 77.12 96.53 0.13 (12.00) (1.96) (5.94) (2.49)
30 21 Ameris Bancorp Atlanta GA 25,203,699 1.06 10.90 8.12 3.61 50.86 242,646 269,105 346,540 (77,435) 14.45 5.52 2.05 80.32 97.75 83.25 0.19 (4.18) 1.01 (22.35) (0.69)
31 20 Eagle Bancorp, Inc. Bethesda MD 11,664,538 0.84 10.88 8.11 2.56 48.18 21,413 100,534 140,930 (40,396) 14.79 5.48 3.17 67.58 89.50 74.82 0.57 (16.89) 4.16 (28.66) (12.48)
32 43 Fulton Financial Corporation Lancaster PA 27,571,915 1.04 10.76 10.80 3.42 60.61 228,411 284,280 286,981 (2,701) 14.02 5.06 1.75 76.43 97.84 82.87 0.44 (6.54) 5.27 (0.94) 7.33
33 19 W.T.B. Financial Corporation Spokane WA 11,445,591 0.52 10.72 6.35 2.71 75.83 55,943 55,851 114,053 (58,202) 13.58 4.16 1.56 55.60 78.39 93.24 0.27 (16.16) 7.47 (51.03) (10.56)
34 33 BCI Financial Group, Inc. Miami FL 26,143,622 0.61 10.71 7.47 1.99 55.42 90,123 163,557 273,076 (109,519) 14.77 4.60 3.42 66.64 82.81 78.11 0.30 (2.13) 5.23 (40.11) (18.72)
35 40 FB Financial Corporation Nashville TN 12,604,403 0.95 10.65 8.75 3.44 64.53 84,516 120,240 124,571 (4,331) 14.53 5.72 2.46 73.99 88.42 84.64 0.42 (5.37) 0.25 (3.48) (6.76)
36 41 Home Bancshares, Inc. (Conway, AR) Conway AR 22,656,658 1.77 10.62 10.82 4.25 45.22 163,024 392,929 305,262 87,667 17.79 6.03 1.89 62.39 84.21 90.16 0.40 (10.42) 0.12 28.72 8.60
37 32 Central Bancompany, Inc. Jefferson City MO 19,020,505 1.46 10.52 10.65 3.55 54.01 225,774 273,693 258,220 15,473 22.75 4.49 1.04 59.76 76.44 89.73 0.11 (7.63) 2.40 5.99 9.07
38 53 First Financial Bancorp. Cincinnati OH 17,532,900 1.51 10.48 12.01 4.40 54.34 213,474 255,863 217,612 38,251 14.26 6.31 1.93 61.60 80.84 79.65 0.38 (3.26) 6.16 17.58 18.49
39 26 First Bancorp Southern Pines NC 12,114,942 0.87 10.44 8.05 3.06 56.61 57,490 104,131 146,936 (42,805) 15.54 4.30 1.33 66.39 80.18 90.25 0.27 10.06 22.32 (29.13) 2.88
40 47 First Hawaiian, Inc. Honolulu HI 24,926,474 0.95 10.42 10.01 2.92 57.59 200,023 234,983 265,685 (30,702) 13.57 4.23 1.32 56.96 66.55 75.84 0.07 (8.33) 1.79 (11.56) 5.43
41 35 BankUnited, Inc. Miami Lakes FL 35,761,607 0.49 10.28 7.01 2.56 60.78 96,890 178,671 284,971 (106,300) 13.38 5.39 2.99 68.32 92.06 80.56 0.25 (8.03) (1.24) (37.30) (3.55)
42 48 WaFd, Inc Seattle WA 22,640,122 1.07 10.16 9.80 3.20 52.37 56,923 236,370 265,558 (29,188) 13.74 5.32 2.25 77.67 109.64 66.81 0.24 (14.93) 3.48 (10.99) 1.54
43 50 Pinnacle Financial Partners, Inc. Nashville TN 47,959,883 1.23 10.15 9.70 3.18 50.79 365,669 562,152 560,742 1,410 12.72 5.82 2.75 67.63 84.16 87.44 0.18 7.09 12.61 0.25 6.45
44 46 First Busey Corporation Champaign IL 12,283,415 1.00 10.10 10.23 2.88 60.68 123,824 122,565 128,311 (5,746) 17.44 4.31 1.47 61.56 73.48 82.32 0.06 (8.07) (0.96) (4.48) (1.97)
45 28 TowneBank Portsmouth VA 16,835,039 0.93 10.04 7.86 3.06 66.75 226,965 155,136 190,469 (35,333) 15.06 4.69 1.73 67.43 81.71 83.78 0.05 (3.63) 5.25 (18.55) (0.32)
46 44 Dime Community Bancshares, Inc. Hauppauge NY 13,636,005 0.71 9.97 7.91 2.47 56.84 37,766 96,094 152,556 (56,462) 13.54 4.75 2.41 78.56 101.72 84.73 0.21 (2.36) 2.18 (37.01) (14.51)
47 NA Brookline Bancorp, Inc. Boston MA 11,382,256 0.67 9.83 6.42 3.24 60.55 30,230 74,999 109,744 (34,745) 12.37 5.50 2.44 83.67 111.42 72.76 0.40 14.90 26.22 (31.66) 12.86
48 42 Lakeland Bancorp, Inc. Oak Ridge NJ 11,138,567 0.78 9.74 7.48 2.77 58.44 24,808 84,740 107,369 (22,629) 14.11 4.77 2.20 74.22 96.34 77.07 0.23 (10.14) 6.04 (21.08) (10.16)
49 NA SouthState Corporation Winter Haven FL 44,902,024 1.11 9.74 9.37 3.63 53.30 285,938 494,308 496,049 (1,741) 14.08 4.86 1.30 71.23 86.33 88.53 0.38 (3.34) 7.14 (0.35) 5.69
50 56 Old National Bancorp Evansville IN 49,089,836 1.21 9.72 11.08 3.54 51.23 317,972 581,992 428,287 153,705 12.64 5.18 1.68 66.65 87.86 85.23 0.58 (0.81) 6.11 35.89 11.24
51 24 Glacier Bancorp, Inc. Kalispell MT 27,742,629 0.81 9.71 7.64 2.73 61.92 116,569 222,927 303,202 (80,275) 14.61 3.99 1.35 57.75 80.39 85.37 0.08 (13.62) 6.26 (26.48) (11.03)
52 29 United Community Banks, Inc. Blairsville GA 27,297,251 0.71 9.65 5.92 3.35 54.73 126,186 187,544 277,472 (89,928) 14.49 5.06 1.83 66.47 77.83 84.14 0.34 8.73 19.45 (32.41) 5.76
53 51 Provident Financial Services, Inc. Jersey City NJ 14,210,810 0.92 9.57 7.81 3.14 55.06 79,799 128,398 175,648 (47,250) 12.39 4.84 1.80 75.76 104.61 89.39 0.43 (6.23) 5.96 (26.90) (5.13)
54 49 Veritex Holdings, Inc. Dallas TX 12,394,337 0.88 9.50 7.21 3.49 48.66 54,910 108,261 146,315 (38,054) 13.18 6.36 3.10 77.08 92.41 69.13 0.75 1.56 1.50 (26.01) 7.11
55 45 Community Bank System, Inc. DeWitt NY 15,555,753 0.87 9.44 8.27 3.14 63.00 266,968 131,924 188,081 (56,157) 15.46 3.88 0.77 61.96 74.55 86.69 0.32 (7.42) 10.17 (29.86) 3.66
56 66 Cadence Bank Tupelo MS 48,934,510 1.11 9.35 12.08 3.08 62.63 325,962 542,304 463,237 79,067 14.32 5.27 2.21 65.83 83.68 81.12 0.35 (11.45) 7.04 17.07 (0.99)
57 69 Northwest Bancshares, Inc. Columbus OH 14,419,105 0.95 9.22 8.94 3.28 61.94 111,819 134,957 133,666 1,291 16.04 4.42 1.22 78.30 94.24 78.42 0.66 (10.13) 4.51 0.97 3.31
58 NA EB Acquisition Company, LLC University Park TX 17,505,527 0.43 9.18 9.49 3.37 53.73 74,336 77,269 82,892 (5,623) 16.17 4.30 0.73 60.83 74.45 93.01 0.32 (9.10) (10.67) (6.78) (9.74)
59 60 Atlantic Union Bankshares Corporation Glen Allen VA 21,166,197 0.98 9.16 8.27 3.41 55.29 102,287 201,818 234,510 (32,692) 13.55 5.28 1.95 73.28 92.22 80.69 0.17 (3.74) 8.14 (13.94) 2.82
60 55 Hope Bancorp, Inc. Los Angeles CA 19,131,522 0.67 9.03 6.48 2.81 60.89 40,007 133,673 218,277 (84,604) 13.92 5.60 3.00 71.60 92.85 58.93 0.24 (18.00) (10.41) (38.76) (10.26)
61 12 Hilltop Holdings Inc. Dallas TX 16,466,996 0.71 8.89 5.65 3.09 85.47 728,973 117,979 119,294 (1,315) 22.34 5.53 2.64 54.12 80.56 88.57 0.45 (6.24) (0.75) (1.10) (7.40)
62 39 Heartland Financial USA, Inc. Denver CO 19,411,707 0.40 8.73 4.38 3.31 60.02 120,373 79,920 212,180 (132,260) 14.53 5.23 1.97 61.57 73.76 82.13 0.50 (15.23) 5.54 (62.33) (0.56)
63 84 Berkshire Hills Bancorp, Inc. Boston MA 12,430,821 0.59 8.58 7.07 3.31 65.22 67,326 69,598 92,533 (22,935) 14.36 5.14 1.95 71.89 84.04 74.75 0.14 (8.58) 8.41 (24.79) 5.01
64 73 Stellar Bancorp, Inc. Houston TX 10,647,139 1.21 8.34 8.96 4.51 53.05 25,356 130,497 51,432 79,065 14.02 6.10 1.67 73.57 88.28 82.76 0.37 (12.55) 2.24 153.73 51.38
65 75 Texas Capital Bancshares, Inc. Dallas TX 28,356,266 0.64 8.33 6.11 3.19 68.76 157,455 189,141 332,478 (143,337) 17.07 5.68 2.76 71.01 90.00 92.05 0.29 (3.52) 5.58 (43.11) 8.75
66 68 United Bankshares, Inc. Charleston WV 29,926,482 1.25 8.14 7.87 3.52 50.95 142,333 366,313 379,627 (13,314) 15.38 5.36 1.98 70.69 92.71 85.42 0.11 (3.95) 3.81 (3.51) 1.59
67 74 F.N.B. Corporation Pittsburgh PA 46,157,693 1.09 8.11 8.29 3.35 51.19 321,764 484,851 439,109 45,742 12.16 5.00 1.73 70.20 93.36 82.11 0.24 (8.50) 8.10 10.42 13.51
68 67 First Interstate BancSystem, Inc. Billings MT 30,671,200 0.83 8.08 8.17 3.14 59.72 167,600 257,500 202,200 55,300 13.28 4.57 1.46 59.01 77.60 87.35 0.40 (12.31) 0.78 27.35 (7.16)
69 71 Independent Bank Corp. Rockland MA 19,347,373 1.24 7.90 8.31 3.54 52.55 121,138 239,502 263,813 (24,311) 15.91 4.64 1.18 73.10 95.13 85.33 0.28 (13.59) 2.64 (9.22) (0.16)
70 59 Farmers & Merchants Bank of Long Beach Long Beach CA 12,035,854 0.57 7.83 5.28 2.21 71.98 16,447 70,007 109,002 (38,995) 17.51 3.49 1.11 55.23 76.66 87.78 0.31 (7.59) (0.41) (35.77) (14.63)
71 65 Pacific Premier Bancorp, Inc. Irvine CA 19,026,645 0.15 7.80 1.08 3.29 55.66 79,927 30,852 283,743 (252,891) 17.29 4.68 1.49 68.83 87.34 84.71 0.13 (14.50) (9.57) (89.13) (10.10)
72 72 Trustmark Corporation Jackson MS 18,722,189 0.89 7.78 10.54 3.32 68.44 206,919 165,489 71,887 93,602 12.29 5.22 1.97 69.41 83.47 78.31 0.57 (7.27) 6.36 130.21 8.57
73 76 OceanFirst Financial Corp. Red Bank NJ 13,538,253 0.77 7.74 6.37 3.01 59.63 38,053 104,065 147,357 (43,292) 14.10 4.94 2.06 74.91 97.19 76.62 0.27 (1.75) 2.76 (29.38) (4.49)
74 61 Seacoast Banking Corporation of Florida Stuart FL 14,580,249 0.71 7.63 5.14 3.77 57.45 79,928 104,033 106,507 (2,474) 15.92 5.32 1.61 68.03 84.22 87.47 0.50 8.90 23.46 (2.32) 31.11
75 77 WesBanco, Inc. Wheeling WV 17,712,374 0.92 7.61 6.43 3.14 62.24 119,547 159,032 192,113 (33,081) 14.91 4.63 1.58 65.06 87.51 90.25 0.16 (2.40) 8.79 (17.22) 1.57
76 57 Associated Banc-Corp Green Bay WI 41,015,855 0.45 7.42 4.45 2.81 58.79 258,324 182,956 366,122 (183,166) 12.21 5.25 2.56 70.68 86.67 78.13 0.40 (5.69) 1.69 (50.03) 5.01
77 63 Prosperity Bancshares, Inc. Houston TX 38,547,877 1.08 7.41 6.03 2.78 45.79 153,265 419,316 524,516 (105,200) 16.56 4.19 1.54 54.08 76.70 86.97 0.18 (10.89) 12.34 (20.06) (3.53)
78 78 Renasant Corporation Tupelo MS 17,360,535 0.84 7.36 6.50 3.45 63.21 151,945 144,678 166,068 (21,390) 14.93 5.26 1.88 71.04 87.61 80.83 0.45 (3.48) 7.27 (12.88) 6.46
79 58 Simmons First National Corporation Pine Bluff AR 27,345,674 0.64 7.30 5.21 2.78 61.96 176,175 175,057 256,412 (81,355) 14.39 5.09 2.34 60.81 74.76 71.02 0.33 (11.14) 4.27 (31.73) (6.44)
80 70 Columbia Bank MHC Fair Lawn NJ 10,639,953 0.25 6.87 3.34 2.20 75.47 30,148 26,137 60,108 (33,971) 13.27 4.11 2.05 73.55 99.13 68.50 0.20 (11.03) 2.63 (56.52) (17.75)
81 81 Apple Financial Holdings, Inc. New York NY 17,001,650 0.69 6.54 8.92 2.73 66.82 20,338 119,109 92,991 26,118 12.28 4.87 2.27 68.41 78.45 50.97 0.14 (15.42) 2.21 28.09 9.47
82 62 Independent Bank Group, Inc. McKinney TX 19,035,102 0.23 6.24 1.83 2.76 62.81 52,384 43,201 196,291 (153,090) 11.57 5.25 2.60 76.57 92.70 72.77 0.31 (16.48) 5.83 (77.99) (16.36)
83 79 Dollar Mutual Bancorp Pittsburgh PA 11,503,509 0.40 4.37 3.77 2.90 81.17 42,878 46,980 62,372 (15,392) 17.42 4.48 1.51 76.67 93.41 74.18 0.76 (11.03) 4.88 (24.68) 1.06
84 82 Third Federal Savings and Loan Association of Cleveland, MHC Cleveland OH 17,053,736 0.36 3.58 3.27 1.76 69.52 18,543 60,351 66,008 (5,657) 20.07 4.12 2.55 89.18 151.36 27.05 0.64 (10.44) 4.99 (8.57) (2.33)
85 15 First Foundation Inc. Dallas TX 13,327,248 (1.52) 1.79 (19.45) 1.59 93.82 47,047 (199,064) 110,512 (309,576) 12.27 4.50 3.11 76.15 94.94 70.55 0.15 (11.30) (5.09) NM (32.98)
86 83 Banc of California, Inc. Portland OR 38,534,064 (4.71) (12.16) (63.42) 1.98 88.15 142,596 (1,899,137) 423,613 (2,322,750) 16.43 5.21 3.34 65.74 83.32 78.18 0.18 300.72 (11.04) NM (37.16)