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Cathay Bank ranked by Forbes as the 12th Best Bank in America


Cathay Bank ranked by Forbes as the 12th Best Bank in America

Cathay Bank is ranked #12 on the Forbes 2018 “Best Banks in America” list, rising seven spots from last year. This is the third consecutive year our bank has been ranked within the top 20 on the list.


Since 2009, Forbes has ranked the 100 largest U.S. banks and thrifts by assets, using data collected by S&P Global Market Intelligence. These banks and thrifts range in size from $2.6 trillion JPMorgan Chase to First Financial Bancorp with $8.8 billion in assets.1


The ranking is based on 10 metrics related to growth, profitability, capital adequacy and asset quality. Metrics include return on average tangible equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percent of total loans. Forbes also factored in nonperforming assets as a percent of assets, CET1 ratio, risk-based capital ratio and reserves as a percent of nonperforming assets. The final component is operating revenue growth.


Please click here to view the press release.



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