Primary Bank Named Best Performing
S&P Global Market Intelligence ranked Primary Bank the #1 performing community bank in the Northeast with assets under $10 billion.
S&P Global Market Intelligence annually ranks the nation’s best-performing banks and credit unions. The 2022 analysis reviewed 477 eligible banks and thrifts. According to S&P Global, these rankings are based on returns, growth, and efficiency but primarily on the strength and risk profile of the institutions’ balance sheets.
The report states, “Primary Bank had an equal or higher value than the median of top 50 community banks in the region in six of the seven metrics analyzed, according to S&P Global Market Intelligence data. At 51.5%, Primary recorded the highest five-year average operating revenue growth among the top 50 banks on the list, much higher than the 6.5% median recorded for all 447 eligible banks.”
Primary Bank consistently ranks among the top of its peers, both nationally and here in New Hampshire. “We are honored to be recognized for our strong performance. We credit the receipt of this award and recognition to the efforts of our entire team,” said Primary CEO Bill Stone. “The dynamic business environment in New Hampshire, combined with the support of our clients, has resulted in our success and the strength of Primary Bank.”
J.P. O'Sullivan, Managing Director of Financial Institutions at S&P Global Market Intelligence said, "Year-after-year, we see the increasingly significant role that community banks and credit unions play in their local communities. From metropolitan cities to the rural towns across the US, access to credit through local banks and credit unions is a key driver for local economic growth. The results of these rankings demonstrate that many small institutions can thrive in an increasingly competitive landscape. S&P Global Market Intelligence is extremely pleased to recognize all of the top performing community banks and credit unions."
S&P Global Market Intelligence is a world-leading provider of financial information services and data. See the S&P Global announcement here.