West Bank has been named one of the top-performing large community banks in the United States by S&P Global Market Intelligence.
For 2022, West Bank ranked #17 on the list and is the sole Iowa-based bank to be included in the top 50. The rankings were determined by evaluating community banks with $3 billion to $10 billion in assets across seven metrics, including pretax return on tangible common equity, efficiency ratio, cost of funds, five-year average operating revenue growth, five-year average net charge-offs to average loans and leases ratio, nonperforming assets and loans 90 days or more past due as a percentage of total assets, and leverage ratio.
Dave Nelson, West Bank CEO, said, “We are honored to receive recognition from S&P Global Market Intelligence as one of the best-performing banks in the country. It demonstrates our commitment to upholding our mission and our dedication to sound business practices that lead to excellent financial performance.”
S&P Global Market Intelligence’s Top Bank and Credit Union National Rankings can be found here.
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