The 10 top-performing banks with $10B to $50B of assets

By Catherine Leffert July 24, 2025, 6:00 a.m. EDT 1 Min Read

While 2024 was a tough overall year for lending, banks that were able to pull in stronger loan growth than their peers reaped the benefits.

Banks that posted stronger borrowing last year pulled to the top of American Banker's 2025 list of top-performing banks with between $10 billion and $50 billion of assets. The banks are ranked by the consulting firm Capital Performance Group based on their three-year average return on average equity, or ROAE, according to data from year-end 2024.

Claude Hanley, a founder and partner of Capital Performance Group, told American Banker that "good old-fashioned loan growth" is what helped the top-10 banks' bottom lines expand, while the median net income across the $10 billion-$50 billion tier declined.

The banks' profitability metrics weren't as strong as they were in 2023, but the top-performing companies still saw a median return on average equity of $15.32%, significantly higher than the 7.71% reported by all peers.

"Profitability shrunk for both top performers and all banks in the tier, but [top performers] did much better," Hanley said. "And how did they do that? ... The thing that jumps out at me is the top performers grew revenue. … So how did the top performers grow revenue? The driver was loan growth."

Median loan growth among the top-performing banks hit 5.67%, compared with 2.63% across 83 banks in the asset group. The top performers reported median revenue growth of 3.15%, compared with 0.71% among all peers.

Similar to banks in smaller asset groups, maintaining a cheaper cost of funds also helped banks outperform. However, banks with more than $10 billion of assets didn't grow their core deposits as much as smaller institutions.

Within the $10 billion-$50 billion category, size didn't play a huge role in a bank's financial performance. The median size for the top banks was just over $18 billion of assets, about the median size of banks throughout the tier.

Capital Performance Group compiled its report using data provided by S&P Global Market Intelligence, based on filings with the Securities and Exchange Commission and other regulators.

Here are performance metrics from 2024 for the 10 top-performing banks with between $10 billion and $50 billion of assets. Click on the table at the bottom of the page for the full ranking of banks in the asset class.

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Top banks with $10 billion to $50 billion of assets

Rankings
Banks with Assets of between $10 Billion and $50 Billion¹

					Total Assets	ROAA	3-YR Avg ROAE	ROAE	ROAE	ROAE	ROACE	Net Interest Margin (FTE)	Efficiency Ratio (FTE)	Total Nonint Income	Net Income	Net Income	Net Income Change	Total Risk-Based Cap
2024	2023				($000)	(%)	(%)	(%)	(%)	(%)	(%)	(%)	(%)	($000)	($000)	($000)	($000)	Ratio (%)
Rank	Rank	Institution Name	City	State	12/31/24	2024	2022-2024	2024	2023	2022	2024	2024	2024	2024	2024	2023	2023-2024	12/31/24
		Median: All Institutions¹			18,152,422	0.91	8.56	7.71	8.31	10.80	7.71	3.09	61.04	127,134	171,601	175,057	(4,854)	15.17
		Median: Top 10 Institutions²			18,078,688	1.68	16.59	15.32	17.18	16.97	14.82	3.48	50.81	132,729	227,986	264,689	10,094	17.32
		Average: All Institutions¹			21,742,354	0.90	8.99	7.72	8.14	11.10	7.74	3.10	60.89	207,667	202,129	180,112	22,016	15.92
		Average: Top 10 Institutions²			19,184,163	1.58	16.74	15.27	17.68	17.26	15.38	3.66	47.92	174,750	283,960	282,342	1,618	17.26
1	5	First BanCorp.	San Juan	PR	19,292,921	1.58	19.87	19.09	21.86	18.66	19.09	4.36	50.86	130,741	298,724	302,864	(4,140)	18.02
2	3	FirstBank Holding Company	Lakewood	CO	27,313,149	0.81	18.10	14.25	21.32	18.74	14.70	2.35	62.61	134,716	228,730	293,455	(64,725)	17.15
3	6	Commerce Bancshares, Inc.	Kansas City	MO	31,996,627	1.74	17.63	16.92	18.24	17.73	16.50	3.47	56.37	615,970	534,401	485,177	49,224	17.48
4	2	Merchants Bancorp	Carmel	IN	18,805,732	1.79	17.24	16.86	17.63	17.21	20.04	3.03	32.13	147,505	320,386	279,234	41,152	13.87
5	4	ServisFirst Bancshares, Inc.	Birmingham	AL	17,351,643	1.39	16.95	14.98	15.14	20.73	14.94	2.82	37.28	33,736	227,242	206,853	20,389	12.90
6	13	International Bancshares Corporation	Laredo	TX	15,738,852	2.57	16.23	15.67	18.66	14.37	13.66	4.60	34.85	176,947	410,609	412,377	(1,768)	24.31
7	10	OFG Bancorp	San Juan	PR	11,500,734	1.75	16.03	15.78	16.37	15.95	15.78	5.59	50.76	123,256	198,170	181,872	16,298	15.52
8	9	BancFirst Corporation	Oklahoma City	OK	13,554,314	1.68	15.42	14.27	15.89	16.11	14.27	3.74	52.31	184,478	216,354	212,465	3,889	18.49
9	12	First Financial Bankshares, Inc.	Abilene	TX	13,979,418	1.68	15.41	14.51	14.99	16.72	14.51	3.50	47.03	124,040	223,511	198,977	24,534	20.00
10	1	Customers Bancorp, Inc.	West Reading	PA	22,308,241	0.85	14.50	10.40	16.72	16.37	10.36	3.14	55.02	76,107	181,469	250,143	(68,674)	14.88
11	18	Bank OZK	Little Rock	AR	38,258,852	1.96	13.17	13.20	14.22	12.09	13.77	4.56	32.87	123,069	716,503	690,839	25,664	14.49
12	11	Bank of Hawaii Corporation	Honolulu	HI	23,601,114	0.64	12.84	9.78	12.63	16.10	10.66	2.16	66.08	177,636	149,994	171,202	(21,208)	15.00
13	15	Cathay General Bancorp	Los Angeles	CA	23,054,681	1.22	12.81	10.18	13.56	14.70	10.18	3.04	49.74	62,073	285,979	354,124	(68,145)	15.08
14	16	Hancock Whitney Corporation	Gulfport	MS	35,081,785	1.32	12.73	11.66	11.13	15.39	11.58	3.37	55.53	364,129	460,815	392,602	68,213	15.93
15	14	Stifel Financial Corp.	Saint Louis	MO	39,895,540	1.90	12.06	13.47	9.85	12.86	14.63	3.19	80.29	3,930,688	731,379	522,536	208,843	19.20
16	22	Enterprise Financial Services Corp	Clayton	MO	15,596,431	1.25	11.96	10.38	11.96	13.55	10.60	4.16	57.94	66,614	185,266	194,059	(8,793)	14.62
17	20	First Commonwealth Financial Corporation	Indiana	PA	11,584,936	1.22	11.74	10.44	12.80	11.99	10.44	3.55	55.29	99,013	142,572	157,063	(14,491)	14.58
18	21	Banner Corporation	Walla Walla	WA	16,200,037	1.07	11.55	9.91	11.94	12.79	9.91	3.75	62.09	72,078	168,898	183,624	(14,726)	15.04
19	7	Midland Financial Co.	Oklahoma City	OK	39,165,057	0.81	11.41	8.27	10.01	15.94	8.31	2.65	61.04	133,461	382,236	458,217	(75,981)	18.95
20	19	Pinnacle Bancorp, Inc.	Omaha	NE	19,520,600	0.77	11.15	9.94	9.20	14.31	9.93	2.28	61.97	91,645	159,795	131,198	28,597	14.11
21	38	First Financial Bancorp.	Cincinnati	OH	18,570,261	1.29	10.71	9.78	12.01	10.34	9.78	4.05	56.69	246,143	228,830	255,863	(27,033)	14.64
22	56	Cadence Bank	Tupelo	MS	47,019,190	1.09	10.66	9.78	12.08	10.13	9.91	3.30	57.32	344,492	523,604	542,304	(18,700)	13.97
23	37	Central Bancompany, Inc.	Jefferson City	MO	19,242,543	1.63	10.62	10.41	10.65	10.80	10.40	3.88	51.85	247,051	305,810	273,693	32,117	24.88
24	29	CVB Financial Corp.	Ontario	CA	15,153,655	1.24	10.59	9.35	11.03	11.39	9.29	3.09	45.08	56,040	200,716	221,435	(20,719)	17.06
25	26	NBT Bancorp Inc.	Norwich	NY	13,786,666	1.04	10.53	9.57	9.34	12.67	9.57	3.23	63.91	174,035	140,641	118,782	21,859	15.03
26	32	Fulton Financial Corporation	Lancaster	PA	32,071,810	0.95	10.52	9.54	10.80	11.21	9.83	3.42	60.75	259,018	288,743	284,280	4,463	14.30
27	23	WSFS Financial Corporation	Wilmington	DE	20,814,303	1.27	10.48	10.43	11.72	9.29	10.40	3.81	59.18	338,907	263,495	269,025	(5,530)	15.77
28	27	BOK Financial Corporation	Tulsa	OK	49,685,892	1.03	10.48	9.82	10.82	10.80	9.73	2.66	65.35	828,592	523,553	531,133	(7,580)	14.21
29	28	First Merchants Corporation	Muncie	IN	18,311,969	1.09	10.24	8.94	10.52	11.26	8.96	3.19	54.85	123,545	201,402	223,786	(22,384)	13.31
30	40	First Hawaiian, Inc.	Honolulu	HI	23,828,186	0.96	10.15	9.00	10.01	11.44	9.00	2.95	59.17	211,974	230,129	234,983	(4,854)	13.99
31	36	Home Bancshares, Inc. (Conway, AR)	Conway	AR	22,490,748	1.77	10.14	10.43	10.82	9.17	10.43	4.27	42.52	168,530	402,241	392,929	9,312	18.74
32	55	Community Financial System, Inc.	Dewitt	NY	16,386,044	1.14	9.96	10.76	8.27	10.85	10.72	3.07	62.96	296,442	182,481	131,924	50,557	15.01
33	44	First Busey Corporation	Champaign	IL	12,046,722	0.94	9.81	8.47	10.23	10.74	8.47	2.95	61.39	137,165	113,691	122,565	(8,874)	18.53
34	30	Ameris Bancorp	Atlanta	GA	26,262,050	1.38	9.79	10.01	8.12	11.24	10.01	3.56	52.51	266,935	358,685	269,105	89,580	15.37
35	49	SouthState Corporation	Winter Haven	FL	46,381,204	1.17	9.54	9.41	9.37	9.84	9.41	3.43	55.60	302,312	534,783	494,308	40,475	14.96
36	42	WaFd, Inc.	Seattle	WA	27,684,454	0.69	9.40	6.51	9.80	11.88	6.70	2.57	57.48	61,392	188,855	236,370	(47,515)	14.43
37	72	Trustmark Corporation	Jackson	MS	18,152,422	1.20	9.08	12.22	10.54	4.48	12.22	3.51	64.06	156,115	223,009	165,489	57,520	13.97
38	39	First Bancorp	Southern Pines	NC	12,147,694	0.63	8.94	5.38	8.05	13.39	5.35	2.91	58.52	55,880	76,215	104,131	(27,916)	16.63
39	41	BankUnited, Inc.	Miami Lakes	FL	35,241,742	0.66	8.68	8.49	7.01	10.55	8.34	2.73	61.98	97,028	232,467	178,671	53,796	14.09
40	33	W.T.B. Financial Corporation	Spokane	WA	10,736,971	0.50	8.63	6.10	6.35	13.45	6.10	2.60	79.65	64,542	55,797	55,851	(54)	13.39
41	45	TowneBank	Portsmouth	VA	17,246,890	0.95	8.60	7.80	7.86	10.14	7.82	2.90	70.06	250,833	162,733	155,136	7,597	15.68
42	35	FB Financial Corporation	Nashville	TN	13,157,482	0.91	8.56	7.71	8.75	9.23	7.71	3.51	57.51	95,691	116,051	120,240	(4,189)	15.23
43	59	Atlantic Union Bankshares Corporation	Glen Allen	VA	24,585,323	0.88	8.27	7.04	8.27	9.51	7.03	3.34	53.33	125,068	209,131	201,818	7,313	13.61
44	8	State Bankshares, Inc.	Fargo	ND	14,755,544	0.44	8.27	4.26	5.08	15.48	4.24	1.80	81.60	237,414	62,422	72,176	(9,754)	13.95
45	34	BCI Financial Group, Inc.	Miami	FL	26,513,959	0.33	8.13	3.63	7.47	13.28	3.59	2.04	54.27	109,511	88,337	163,557	(75,220)	15.09
46	54	Veritex Holdings, Inc.	Dallas	TX	12,768,341	0.85	8.11	6.85	7.21	10.28	6.85	3.26	57.97	51,219	107,241	108,261	(1,020)	13.96
47	62	Heartland Financial USA, Inc.	Kansas City	MO	17,290,417	0.92	8.11	8.47	4.38	11.48	8.54	3.58	61.30	113,558	171,601	79,920	91,681	16.89
48	24	Bremer Financial Corporation	Saint Paul	MN	16,458,413	0.13	8.08	1.45	8.80	13.99	1.46	2.79	68.93	140,927	21,266	124,008	(102,742)	14.16
49	57	Northwest Bancshares, Inc.	Columbus	OH	14,408,224	0.70	8.05	6.41	8.94	8.80	6.41	3.26	64.96	115,336	100,278	134,957	(34,679)	16.08
50	51	Glacier Bancorp, Inc.	Kalispell	MT	27,902,987	0.68	8.03	6.02	7.64	10.43	6.02	2.77	65.95	127,216	190,144	222,927	(32,783)	14.49
51	67	F.N.B. Corporation	Pittsburgh	PA	48,624,985	0.99	7.96	7.59	8.29	8.02	7.51	3.09	55.61	350,406	465,332	484,851	(19,519)	12.35
52	69	Independent Bank Corp.	Rockland	MA	19,373,565	0.99	7.96	6.53	8.31	9.05	6.53	3.28	57.46	127,134	192,081	239,502	(47,421)	16.04
53	66	United Bankshares, Inc.	Charleston	WV	30,023,545	1.26	7.91	7.61	7.87	8.25	7.59	3.45	52.22	131,745	372,996	366,313	6,683	16.52
54	53	Provident Financial Services, Inc.	Jersey City	NJ	24,051,825	0.57	7.91	5.07	7.81	10.86	5.07	3.24	53.26	97,099	115,525	128,398	(12,873)	13.15
55	52	United Community Banks, Inc.	Greenville	SC	27,720,258	0.92	7.90	7.55	5.92	10.23	7.50	3.29	55.74	151,751	252,397	187,544	64,853	15.17
56	47	Brookline Bancorp, Inc.	Boston	MA	11,905,326	0.60	7.75	5.67	6.42	11.15	5.67	3.06	64.75	25,615	68,715	74,999	(6,284)	12.42
57	46	Dime Community Bancshares, Inc.	Hauppauge	NY	14,353,258	0.21	7.74	2.27	7.91	13.05	1.85	2.48	63.60	31,355	29,084	96,094	(67,010)	15.65
58	78	Renasant Corporation	Tupelo	MS	18,034,868	1.11	7.34	7.92	6.50	7.60	7.92	3.34	65.70	150,255	195,457	144,678	50,779	17.08
59	64	Stellar Bancorp, Inc.	Houston	TX	10,905,790	1.08	7.33	7.34	8.96	5.69	7.34	4.24	61.28	23,046	115,003	130,497	(15,494)	16.00
60	60	Hope Bancorp, Inc.	Los Angeles	CA	17,054,008	0.56	7.30	4.68	6.48	10.73	4.68	2.55	66.96	45,177	99,630	133,673	(34,043)	14.78
61	73	OceanFirst Financial Corp.	Toms River	NJ	13,421,247	0.74	7.30	5.96	6.37	9.55	5.92	2.71	63.88	42,238	100,390	104,065	(3,675)	14.52
62	63	Berkshire Hills Bancorp, Inc.	Boston	MA	12,273,408	0.52	7.21	5.84	7.07	8.71	5.84	3.22	63.81	82,103	61,003	69,598	(8,595)	15.45
63	68	First Interstate BancSystem, Inc.	Billings	MT	29,137,400	0.75	7.14	6.92	8.17	6.34	6.92	3.04	61.24	173,400	226,000	257,500	(31,500)	14.38
64	77	Prosperity Bancshares, Inc.	Houston	TX	39,566,738	1.21	6.86	6.56	6.03	7.97	6.56	2.93	46.21	154,564	479,386	419,316	60,070	17.67
65	25	Sandy Spring Bancorp, Inc.	Olney	MD	14,127,480	0.14	6.84	1.25	8.04	11.23	1.25	2.46	67.19	78,615	19,935	122,844	(102,909)	15.38
66	58	EB Acquisition Company, LLC	University Park	TX	16,493,900	0.06	6.81	1.29	9.49	9.66	1.29	3.31	56.71	67,954	11,097	77,269	(66,172)	17.14
67	75	WesBanco, Inc.	Wheeling	WV	18,684,298	0.84	6.59	5.71	6.43	7.64	5.67	2.96	63.52	126,575	151,510	159,032	(7,522)	15.88
68	NA	SNBNY Holdings Limited	Gibraltar	0	11,341,655	1.13	6.43	9.87	6.80	2.61	9.74	2.40	61.63	201,207	114,660	74,222	40,438	27.46
69	65	Texas Capital Bancshares, Inc.	Dallas	TX	30,731,883	0.25	6.43	2.38	6.11	10.78	2.04	3.03	67.09	205,040	77,508	189,141	(111,633)	15.37
70	74	Seacoast Banking Corporation of Florida	Stuart	FL	15,176,308	0.81	6.09	5.62	5.14	7.51	5.64	3.24	58.33	99,444	120,986	104,033	16,953	16.18
71	81	Apple Financial Holdings, Inc.	New York	NY	17,461,139	0.16	6.00	1.97	8.92	7.11	1.60	2.25	82.51	42,525	28,167	119,109	(90,942)	12.37
72	79	Simmons First National Corporation	Pine Bluff	AR	26,876,049	0.56	5.82	4.38	5.21	7.87	4.38	2.74	64.89	175,564	152,693	175,057	(22,364)	14.61
73	70	Farmers & Merchants Bank of Long Beach	Long Beach	CA	11,690,069	0.37	5.70	3.29	5.28	8.54	3.29	2.00	76.98	22,093	44,878	70,007	(25,129)	18.77
74	71	Pacific Premier Bancorp, Inc.	Irvine	CA	17,903,585	0.86	5.57	5.44	1.08	10.18	5.34	3.21	63.19	82,866	158,802	30,852	127,950	20.28
75	61	Hilltop Holdings Inc.	Dallas	TX	16,268,129	0.78	5.55	5.69	5.65	5.32	5.29	2.83	86.69	770,956	123,210	117,979	5,231	24.40
76	76	Associated Banc-Corp	Green Bay	WI	43,023,068	0.30	5.51	2.86	4.45	9.21	2.70	2.78	59.61	265,146	123,145	182,956	(59,811)	12.61
77	31	Eagle Bancorp, Inc.	Bethesda	MD	11,129,508	(0.38)	5.11	(3.77)	8.11	10.99	(3.77)	2.41	54.48	19,925	(47,035)	100,534	(147,569)	15.86
78	83	Dollar Mutual Bancorp	Pittsburgh	PA	11,640,385	0.42	3.91	3.84	2.67	5.23	4.32	2.80	78.36	45,701	48,853	33,201	15,652	17.01
79	84	Third Federal Savings and Loan Association of Cleveland, MHC	Cleveland	OH	17,057,529	0.39	3.51	3.47	3.27	3.79	3.51	1.71	66.25	20,109	66,339	60,351	5,988	19.70
80	80	Columbia Bank MHC	Fair Lawn	NJ	10,475,045	(0.08)	3.49	(1.11)	3.34	8.24	(1.11)	1.88	85.79	25,672	(8,468)	26,137	(34,605)	13.15
81	NA	Arvest Bank Group, Inc.	Bentonville	AR	26,998,212	0.20	3.48	2.95	(0.05)	7.53	2.91	3.46	87.79	550,484	55,525	(751)	56,276	12.68
82	85	First Foundation Inc.	Dallas	TX	12,645,265	(0.69)	(6.20)	(9.23)	(19.45)	10.08	(9.74)	1.40	99.85	49,762	(92,407)	(199,064)	106,657	13.34
83	86	Banc of California, Inc.	Los Angeles	CA	33,542,864	0.36	(16.24)	3.70	(63.42)	10.99	2.97	2.85	72.62	130,045	126,888	(1,899,137)	2,026,025	17.05

Catherine Leffert

Staff Writer, American Banker