Altabank™ named as an S&P Global Top-50 Performing Community Bank
Salt Lake City — Altabank, Utah’s largest community bank, was recently recognized by S&P Global on its annual list of the 50 top-performing large community banks. Specifically, the bank was ranked 34th among banks with $3 billion to $10 billion in total assets and was the only Utah-based bank on the 2020 list.
“We’re thrilled to be included in S&P Global’s list of top 50 large community banks,” says Len Williams, CEO of Altabank. “And during a year filled with uncertainty for so many, this is a special recognition for our entire Altabank family who has diligently worked to deliver personalized financial solutions and expertise to our clients, while also giving back to our communities we are a part of.”
To compile the ranking, S&P Global Market Intelligence calculated scores for each company based on six weighted metrics, including pre-tax return on tangible common equity, efficiency ratio, net interest margin, operating revenue growth, leverage ratio, and nonperforming assets and loans 90 days past due as a percentage of totals assets, net of Paycheck Protection Program loans.
For more information on Altabank, visit altabank.com.