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As the largest bank headquartered in Baltimore, CFG Bank has:

  • “A” rating from Egan Jones
  • 300/300 “Superior” IDC Rating
  • Ranked #11 in the country by S&P Global Market Intelligence for best-performing community banks with less than $3 billion in assets in 2021
  • National ranking by the Independent Community Bankers of America, as a top performing bank as part of its annual “Best of the Best” list
  • An A+ health rating from DepositAccounts.com

Q2 2023 S&P Global | CFG Bank Regulatory Financial Highlights

12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
6/30/23
YTD
Total Assets ($000s)$1,714,351$2,634,154$4,255,659$5,075,789
Total Loans ($000s)$1,291,544$1,915,628$3,279,118$3,596,281
Total Deposits ($000s)$1,494,580$2,225,121$3,798,738$4,523,257
Loan Growth41.10%48.30%71.18%19.34%
Loans/Deposits86.40%86.10%86.32%79.51%
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
6/30/23
YTD
Net Income ($000s)*$34,874$76,423$118,681$79,564
ROAA*2.10%3.68%3.48%3.47%
ROAE*20.36%35.07%39.17%39.03%
Net Interest Margin3.66%5.08%5.32%5.82%
Efficiency Ratio48.60%42.17%36.72%42.58%
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
6/30/23
YTD
Community Bank
Leverage Ratio
9.22%10.46%9.42%9.36%
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
6/30/23
YTD
Non-Performing Loans1.46%0.33%0.17%1.47%
Non-Performing Assets1.19%0.30%0.16%1.04%
Loan Loss Reserves/Loans2.11%1.89%1.53%1.60%
Loan Loss Reserves/NPLs144.30%556.10%884.22%110.55%
Texas Ratio9.80%2.80%2.65%10.62%
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
6/30/23
YTD
Full-Time Employees147174247258
12/31/20
YTD
12/31/21
YTD
12/31/22
YTD
6/30/23
YTD
IDC300300300300
Egan Jones RatingAAAA
SOURCE: S&P GLOBAL MARKET INTELLIGENCE DERIVED FROM SELECTED FFIEC CALL REPORT DATA FOR THE PERIODS PRESENTED.
*THESE PERFORMANCE MEASURES REFLECT S CORPORATION EARNINGS THROUGH 5/31/23 AND ARE ACCORDINGLY NOT TAX EFFECTED. BEGINNING 6/1/23, CFG BANK CONVERTED TO A C CORPORATION AND SUBSEQUENT EARNINGS ARE TAX EFFECTED ACCORDINGLY.

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