Citizens, Washington Trust rank on Bank Director’s score card

BANK DIRECTOR’s 2016 Bank Performance Score noted that 35 percent of the 300 largest publicly traded banks and thrifts in the country reported negative operating leverage despite a rise in profitability in 2015.
BANK DIRECTOR’s 2016 Bank Performance Score noted that 35 percent of the 300 largest publicly traded banks and thrifts in the country reported negative operating leverage despite a rise in profitability in 2015.

PROVIDENCE – Bank Director’s 2016 Bank Performance Score Card ranked Citizens Financial Group Inc. No. 21 among banks with assets totaling $50 and more, while Washington Trust Bancorp Inc. came in at No. 30 for banks with assets totaling $1 billion to $5 billion.
Bank Director, an educational resource designed for financial services executives, released its quarterly report, which includes its annual scorecard report. The scorecard noted that 35 percent of the 300 largest publicly traded banks and thrifts in the country reported negative operating leverage despite a rise in profitability in 2015.
The scorecard uses five metrics to measure profitability, capitalization and asset quality. The banks received a numerical score from highest to lowest, and once added together, the bank with the lowest total score ranked more favorably on the scorecard.
Citizens ranked No. 21 out of 23 banks within its asset class, with a cumulative score of 64.5. Fifth Third Bancorp ranked No. 1 with a score of 32.5. Wells Fargo & Co. ranked No. 9 with a score of 41 and Bank of America Corp. ranked last with a score of 76.5.
Washington Trust ranked No. 30 out of 166 banks in its asset class with a score totaling 234.5. Wisconsin-based Anchor BanCorp Wisconsin Inc. ranked No. 1 with a final score of 88.

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