United Community Banks, Inc. (NASDAQ: UCBI) (“United”) was recently recognized as one of America’s best performing banks by Forbes magazine for the sixth consecutive year.
“America’s Best Banks 2019,” an article written by Kurt Badenhausen, ranked 100 of the largest publicly traded banks and thrifts nationwide. United Community Bank was again included in this list.
“We are honored to once again be named to this highly respected list of top-performing banks,” said Lynn Harton, president and chief executive officer. “In addition to repeated recognition for our dedication to exceptional customer service, we continue to implement strategies geared toward also strengthening our financial stability, and I am proud to see our teams consistently recognized for both service and performance.”
For nine consecutive years, Forbes has ranked the nation’s 100 largest publicly- traded banks on 10 metrics, including return on average tangible equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percent of total loans.
The magazine also factored in nonperforming assets as a percent of assets, risk-based capital ratio and reserves as a percent of nonperforming assets. The final component, according to the magazine, is operating revenue growth.