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Acknowledgments
Data used in the 2023 RankingBanking analysis was collected through S&P Global Market Intelligence and analyzed by Piper Sandler & Co., using calendar year 2022 results. Five metrics were used to assess performance:
profitability, captured by return on equity and return on assets; asset quality, represented by nonperforming assets;
capital adequacy, a function of a bank’s tangible common equity ratio; and total shareholder return, measured by
stock price appreciation and dividends. Banks were scored on each of the five metrics. These scores were then added to generate an overall score, which determines the ranking — the lower the overall score, the higher the rank.
About Crowe LLP
Crowe LLP is a public accounting, consulting and technology firm with offices around the world. Crowe uses its
deep industry expertise to provide audit services to public and private entities. The firm and its subsidiaries also
help clients make smart decisions that lead to lasting value with its tax, advisory and consulting services. Crowe
is recognized by many organizations as one of the best places to work in the U.S. As an independent member
of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide.
The network consists of more than 200 independent accounting and advisory services firms in more than 130
countries around the world. For more information about Crowe financial industry services www.crowe.com/fs.
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