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 Growth | 48.30% | 71.18% | 8.53% | 0.15% | 0.05% | 1.29% |
Loans/Deposits | 86.10% | 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 Margin | 5.08% | 5.32% | 5.69% | 5.03% | 4.91% | 4.84% |
Efficiency Ratio | 42.17% | 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/A | N/A | 10.62% | 11.21% | 11.55% | 12.21% |
Tier 1 Risk-Based** | N/A | N/A | 10.62% | 11.21% | 11.55% | 12.21% |
Total Risk-Based** | N/A | N/A | 11.80% | 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 Loans | 0.33% | 0.17% | 2.35% | 2.34% | 7.37% | 8.55% |
Non-Performing Assets | 0.30% | 0.16% | 1.67% | 1.65% | 5.48% | 6.20% |
Loan Loss Reserves/Loans | 1.89% | 1.53% | 1.55% | 1.60% | 1.64% | 1.66% |
Loan Loss Reserves/NPLs | 556.10% | 884.22% | 65.98% | 68.16% | 20.68% | 18.28% |
Texas Ratio | 2.83% | 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 Employees | 174 | 247 | 276 | 288 | 303 | 294 |
| 12/31/21 YTD | 12/31/22 YTD | 12/31/23 YTD | 3/31/24 YTD | 6/30/24 YTD | 9/30/24 YTD |
---|---|---|---|---|---|---|
IDC | 300 | 300 | 275 | 300 | 262 | 234 |
Egan Jones Rating | A | A | A | A | A | A |