PROVIDENCE – American Banker has named Citizens Financial Group Inc. CEO Bruce Van Saun Banker of the Year this week.
The publication cited Van Saun’s turnaround of Citizens Bank following the bank’s spinoff from the Royal Bank of Scotland, as well as continued improvement and innovation, as reasons for Van Saun’s selection.
The piece noted that the bank’s earnings per share has beat consensus estimates from analysts in 10 consecutive quarters. The bank was also credited for having increased its assets since a trough in 2013 and having grown its fee revenue and loan book over the years.
American Banker called the bank a “regional bank with staying power,” bucking the trend of other small and medium sized bank mergers, and even noted that the bank is now seen as innovative after being thought of as a “tech laggard.”
Van Saun credited his success to good hiring and to staying focused on the customer. He also noted that the company needed to keep improving to keep pace with bigger rivals such as Bank of America N.A and JPMorgan Chase & Co.
The piece also noted that along with its improved profitability metrics, efficiency ratio and equity, the bank scored high on employee engagement and had a high reputation score.
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