The overall financial health of 289 publicly traded banks in the United States improved in the past year, according to a new national study.
The banks in the 2013 Bank Performance Scorecard by Bank Director magazine performed better they did in the 2012 rankings, with median values rising overall in the five performance metrics: profitability measured by core return on average assets and core return on average equity; capital strength measured by the ratio of tangible common equity to tangible assets; and asset quality indicated by the ratio of nonperforming assets to total loans, and the ratio of net charge-offs to average loans.
Read more in a Milwaukee Biz Blog by Executive Editor Steve Jagler.
