Data provided by S&P Global Market Intelligence showed Bank of Eastern Oregon ranking 13th nationally among top performing publicly traded banks with under $2 billion in assets.
HEPPNER, OR - Bank of Eastern Oregon has been named one of the top-performing community banks of 2023, by Capital Performance Group and American Banker. BEO is ranked 13th nationally in the list of the 20 top-performing publicly traded banks with under $2 billion in assets.
Capital Performance Group completes the ranking using data provided by S&P Global Market Intelligence.
"These banks usually best their colleagues in a variety of financial metrics, such as loan growth, revenue and efficiency," said American Banker.
Banks in this top group actually recorded gains in their core deposits last year, despite declining industry averages. BEO's three-year average for Return on Average Equity for 2021-2023 was 19.59%.
Jeff Bailey, president and CEO of Bank of Eastern Oregon says "We are extremely pleased with the recognition in American Banker magazine. This is testimony to the dedication of our employees and the tremendous support of our customer base. We are proud of our track record, serving eastern Oregon, southeastern Washington and southwest Idaho communities for nearly 80 years and are delighted to be the only bank in the Pacific Northwest that can make the claim of being in the top 20 community banks in the country," concluded Bailey.
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