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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 #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
Q1 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 | |
---|---|---|---|---|
Total Assets ($000s) | $2,634,154 | $4,255,659 | $5,026,379 | $5,058,460 |
Total Loans ($000s) | $1,915,628 | $3,279,118 | $3,558,866 | $3,564,182 |
Total Deposits ($000s) | $2,225,121 | $3,798,738 | $4,379,207 | $4,395,016 |
Loan Growth | 48.30% | 71.18% | 8.53% | 0.60% |
Loans/Deposits | 86.10% | 86.32% | 81.27% | 81.10% |
| 12/31/21 YTD | 12/31/22 YTD | 12/31/23 YTD | 3/31/24 YTD |
---|---|---|---|---|
Net Income ($000s)* | $76,423 | $118,681 | $130,389 | $32,763 |
ROAA* | 3.68% | 3.48% | 2.71% | 2.64% |
ROAE* | 35.07% | 39.17% | 29.74% | 24.13% |
Net Interest Margin | 5.08% | 5.32% | 5.69% | 5.03% |
Efficiency Ratio | 42.17% | 36.72% | 43.26% | 40.52% |
| 12/31/21 YTD | 12/31/22 YTD | 12/31/23 YTD | 3/31/24 YTD |
---|---|---|---|---|
Community Bank Leverage Ratio (Tier 1 Leverage)** | 10.46% | 9.42% | 10.77% | 11.27% |
Common Equity Tier 1 Risk-Based** | N/A | N/A | 10.62% | 11.21% |
Tier 1 Risk-Based** | N/A | N/A | 10.62% | 11.21% |
Total Risk-Based** | N/A | N/A | 11.80% | 12.42% |
| 12/31/21 YTD | 12/31/22 YTD | 12/31/23 YTD | 3/31/24 YTD |
---|---|---|---|---|
Non-Performing Loans | 0.33% | 0.17% | 2.35% | 2.34% |
Non-Performing Assets | 0.30% | 0.16% | 1.67% | 1.65% |
Loan Loss Reserves/Loans | 1.89% | 1.53% | 1.55% | 1.60% |
Loan Loss Reserves/NPLs | 556.10% | 884.22% | 65.98% | 68.16% |
Texas Ratio | 2.80% | 2.65% | 14.00% | 13.57% |
| 12/31/21 YTD | 12/31/22 YTD | 12/31/23 YTD | 3/31/24 YTD |
---|---|---|---|---|
Full-Time Employees | 174 | 247 | 276 | 288 |
| 12/31/21 YTD | 12/31/22 YTD | 12/31/23 YTD | 3/31/24 YTD |
---|---|---|---|---|
IDC | 300 | 300 | 275 | 300 |
Egan Jones Rating | A | A | A | A |