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Three banks with a major presence in the region are some of the top-performing big banks in the country, according to the Forbes Best Banks in America list.
The magazine, analyzing data from S&P Global Market Intelligence, ranked banks based on 10 metrics related to growth, profitability, capital and asset quality. Metrics include nonperforming assets as a percent of assets, risk-based capital ratio and reserves as a percent of nonperforming assets. Data is through Sept. 30.
One trend is size, relatively speaking, doesn't necessarily equate to good performance. Bank of America, for example, with $2.19 trillion in assets, is ranked No. 97. In comparison, the top five banks total $64 billion in assets. Los Angeles-based PacWest Bancorp is No. 1.
Conway, Ark.-based Home BancShares, which has bought nine banks in Florida since 2010, is ranked No. 8. Home BancShares, under the subsidiary Centennial Bank, acquired Florida Traditions Bank in Dade City in 2014 and Florida Business BancGroup, parent of Tampa Bay-based Bay Cities Bank in 2015.
Weston-based FCB Financial Holdings, parent of Florida Community Bank is No. 10, while Little Rock, Ark.-based Bank of the Ozarks, which bought St. Petersburg-based C1 Bank last year, is ranked No. 11. Other banks on the list with a Florida presence include Miami Lakes-based BankUnited; BB&T Fifth Third; Wells Fargo; IberiaBank; PNC Financial Services; Regions Financial; Synovus; and SunTrust Banks.
Top banks in region
Total CET1 Efficiency
Bank assets NPAs ratio ratio
Home BancShares (No. 8) $10 billion 0.8% 11% 39%
FCB Financial Holdings (No. 10) $9 billion 0.5% 11.8% 46%
Bank of the Ozarks (No. 11) $18 billion 0.6% 10.2% 36%
Note: CET1 ratio is common equity Tier 1 capital as a percentage of risk-weighted assets.
Source: Forbes/S&P Global Market Intelligence
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