Skip to Content

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

  • “A” rating from Egan Jones
  • Ranked #2 in the country by S&P Global Market Intelligence for best-performing community banks with assets between $3 billion and $10 billion, in the large community bank category, in 2022
  • 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

Q3 2024 S&P Global | CFG Bank Regulatory Financial Highlights

12/31/21
YTD
12/31/22
YTD
12/31/23
YTD
3/31/24
YTD
6/30/24
YTD
9/30/24
YTD
Total Assets ($000s)$2,634,154$4,255,659$5,026,379$5,058,460$5,162,840$5,266,973
Total Loans ($000s)$1,915,628$3,279,118$3,558,866$3,564,182$3,560,648$3,604,688
Total Deposits ($000s)$2,225,121$3,798,738$4,379,207$4,395,016$4,490,133$4,570,474
Loan Growth48.30%71.18%8.53%0.15%0.05%1.29%
Loans/Deposits86.10%86.32%81.27%81.10%79.30%78.87%
12/31/21
YTD
12/31/22
YTD
12/31/23
YTD
3/31/24
YTD
6/30/24
YTD
9/30/24
YTD
Net Income ($000s)*$76,423$118,681$130,389$32,763$53,213$66,850
ROAA*3.68%3.48%2.71%2.64%2.11%1.74%
ROAE*35.07%39.17%29.74%24.13%19.30%15.91%
Net Interest Margin5.08%5.32%5.69%5.03%4.91%4.84%
Efficiency Ratio42.17%36.72%43.26%40.52%40.87%45.96%
12/31/21
YTD
12/31/22
YTD
12/31/23
YTD
3/31/24
YTD
6/30/24
YTD
9/30/24
YTD
Community Bank Leverage Ratio
(Tier 1 Leverage)**
10.46%9.42%10.77%11.27%11.23%11.21%
Common Equity Tier 1 Risk-Based**N/AN/A10.62%11.21%11.55%12.21%
Tier 1 Risk-Based**N/AN/A10.62%11.21%11.55%12.21%
Total Risk-Based**N/AN/A11.80%12.42%12.78%13.46%
12/31/21
YTD
12/31/22
YTD
12/31/23
YTD
3/31/24
YTD
6/30/24
YTD
9/30/24
YTD
Non-Performing Loans0.33%0.17%2.35%2.34%7.37%8.55%
Non-Performing Assets0.30%0.16%1.67%1.65%5.48%6.20%
Loan Loss Reserves/Loans1.89%1.53%1.55%1.60%1.64%1.66%
Loan Loss Reserves/NPLs556.10%884.22%65.98%68.16%20.68%18.28%
Texas Ratio2.83%1.65%14.20%13.74%27.80%25.25%
12/31/21
YTD
12/31/22
YTD
12/31/23
YTD
3/31/24
YTD
6/30/24
YTD
9/30/24
YTD
Full-Time Employees174247276288303294
12/31/21
YTD
12/31/22
YTD
12/31/23
YTD
3/31/24
YTD
6/30/24
YTD
9/30/24
YTD
IDC300300275300262234
Egan Jones RatingAAAAAA
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 5/31/2023. BEGINNING 6/1/2023, CFG BANK CONVERTED TO A C CORPORATION AND SUBSEQUENT EARNINGS ARE TAX EFFECTED ACCORDINGLY.

**EFFECTIVE WITH THE FILING OF THE 12/31/23 CALL REPORT, CFG BANK ELECTED TO REPORT CAPITAL RATIOS IN ACCORDANCE WITH BASEL III INSTEAD OF REPORTING THE COMMUNITY BANK LEVERAGE RATIO PER REGULATORY GUIDANCE.

Notice: You are about to leave CFG Bank's website. If you do not wish to leave, please click "Cancel." If you'd like to continue, please click "Continue."