American Business Bank (AMBZ) has achieved a significant milestone, ranking 9th among the top 225 U.S. banks with assets between $3 billion and $10 billion in S&P Global Market Intelligence’s inaugural deposit rankings for 2024.
The bank reported strong financial metrics, including $4.04 billion in assets, a 1.33% cost of deposits, and nonperforming assets of 0.18% of total assets. Total deposits showed healthy growth, increasing by $147 million or 4.2% for year-end 2024.
The rankings were determined using eight metrics, with noninterest-bearing deposit concentration receiving the highest weighting. This is particularly noteworthy given that noninterest-bearing deposits across the banking industry have declined nearly 30% since late 2021, while interest-bearing deposits grew by approximately 8% through Q3 2024.
American Business Bank (AMBZ) ha raggiunto un traguardo significativo, classificandosi al 9° posto tra le 225 principali banche statunitensi con attivi compresi tra 3 miliardi e 10 miliardi di dollari nella classifica inaugurale sui depositi di S&P Global Market Intelligence per il 2024.
La banca ha riportato solidi indicatori finanziari, inclusi 4,04 miliardi di dollari in attivi, un costo dei depositi dell’1,33% e attivi non performanti pari allo 0,18% degli attivi totali. I depositi totali hanno mostrato una crescita sana, aumentando di 147 milioni di dollari o del 4,2% alla fine del 2024.
Le classifiche sono state determinate utilizzando otto metriche, con la concentrazione dei depositi non produttivi che ha ricevuto il peso maggiore. Ciò è particolarmente significativo considerando che i depositi non produttivi in tutto il settore bancario sono diminuiti di quasi il 30% dalla fine del 2021, mentre i depositi produttivi sono cresciuti di circa l’8% fino al terzo trimestre del 2024.
American Business Bank (AMBZ) ha alcanzado un hito importante, ocupando el 9° lugar entre los 225 principales bancos de EE. UU. con activos entre 3 mil millones y 10 mil millones de dólares en la primera clasificación de depósitos de S&P Global Market Intelligence para 2024.
El banco reportó sólidos indicadores financieros, incluidos 4.04 mil millones de dólares en activos, un costo de depósitos del 1.33% y activos no productivos que representan el 0.18% del total de los activos. Los depósitos totales mostraron un crecimiento saludable, aumentando 147 millones de dólares o un 4.2% al cierre del 2024.
Las clasificaciones se determinaron utilizando ocho métricas, siendo la concentración de depósitos no producentes la que recibió mayor peso. Esto es particularmente digno de mención, dado que los depósitos no productivos en toda la industria bancaria han disminuido casi un 30% desde finales de 2021, mientras que los depósitos productivos crecieron aproximadamente un 8% hasta el tercer trimestre de 2024.
American Business Bank (AMBZ)는 중요한 이정표를 세우며, S&P Global Market Intelligence의 2024년 최초 예금 순위에서 자산이 30억 달러에서 100억 달러 사이인 미국 225개 은행 중 9위에 올랐습니다.
이 은행은 40억 4000만 달러의 자산, 1.33%의 예금 비용, 총 자산의 0.18%에 해당하는 부실 자산 등 강력한 재무 지표를 보고했습니다. 총 예금은 건강한 성장을 보여주며, 2024년 말까지 1억 4700만 달러 또는 4.2% 증가했습니다.
순위는 여덟 가지 메트릭을 사용하여 결정되며, 비이자-bearing 예금 집중도가 가장 높은 비중을 차지합니다. 이는 전체 은행 산업에서 비이자-bearing 예금이 2021년 말 이후 거의 30% 감소한 반면, 이자-bearing 예금은 2024년 3분기까지 약 8% 증가한 것을 고려할 때 특히 주목할 만합니다.
American Business Bank (AMBZ) a atteint une étape importante, se classant au 9e rang parmi les 225 principales banques américaines avec des actifs compris entre 3 milliards et 10 milliards de dollars dans le cadre des premiers classements des dépôts de S&P Global Market Intelligence pour 2024.
La banque a rapporté des indicateurs financiers solides, dont 4,04 milliards de dollars d’actifs, un coût de dépôt de 1,33% et des actifs non performants représentant 0,18% des actifs totaux. Les dépôts totaux ont montré une croissance saine, augmentant de 147 millions de dollars ou 4,2% à la fin de 2024.
Les classements ont été déterminés à l’aide de huit indicateurs, la concentration des dépôts non productifs recevant le poids le plus important. Cela est particulièrement notable étant donné que les dépôts non productifs dans l’ensemble du secteur bancaire ont diminué de près de 30% depuis fin 2021, tandis que les dépôts générant des intérêts ont augmenté d’environ 8% jusqu’au troisième trimestre de 2024.
American Business Bank (AMBZ) hat einen bedeutenden Meilenstein erreicht und rangiert auf dem 9. Platz unter den 225 größten Banken der USA mit Vermögenswerten zwischen 3 Milliarden und 10 Milliarden Dollar in den ersten Einlage-Rankings von S&P Global Market Intelligence für 2024.
Die Bank berichtete von starken Finanzkennzahlen, darunter 4,04 Milliarden Dollar an Vermögenswerten, eine Einlagenkostenquote von 1,33% und nicht leistungsfähige Vermögenswerte in Höhe von 0,18% der Gesamtvermögenswerte. Die Gesamteinlagen zeigten ein gesundes Wachstum und stiegen zum Jahresende 2024 um 147 Millionen Dollar oder 4,2%.
Die Ranglisten wurden anhand von acht Kennzahlen ermittelt, wobei die Konzentration der nichtzinsbringenden Einlagen das höchste Gewicht erhielt. Dies ist besonders bemerkenswert, da die nichtzinsbringenden Einlagen in der gesamten Bankenbranche seit Ende 2021 um fast 30% gesunken sind, während die zinsbringenden Einlagen bis zum dritten Quartal 2024 um etwa 8% zugenommen haben.
AMERICAN BUSINESS BANK (OTCQX: AMBZ) was ranked in S&P Global Market Intelligence’s inaugural deposit rankings of institutions with assets between
“We are pleased to be recognized in the S&P ranking for 2024. American Business Bank has been built on strong, closely held small to middle-market operating companies which bolsters our fortress deposit franchise. This accomplishment is a direct result of our loyal client relationships and talented bankers,” said Leon Blankstein, Chief Executive Officer and Director of ABB.
ABB, reported
According to the listing, the rankings are calculated based on eight metrics, with noninterest-bearing deposit concentration receiving the highest weighting since those funds are the most valuable. Those deposits are difficult to attract and have come under great pressure since the Federal Reserve began raising short term rates in early 2022. Since year-end 2021, noninterest-bearing deposits across the banking industry have dropped nearly
S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI), the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors. S&P Global has been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years.
ABOUT AMERICAN BUSINESS BANK
American Business Bank, headquartered in downtown
View source version on businesswire.com: https://www.businesswire.com/news/home/20250205351045/en/
Karen Schoenbaum
EVP/CFO
(213) 430-4000
www.americanbb.bank
Source: American Business Bank
FAQ
What is American Business Bank’s (AMBZ) ranking in S&P Global’s 2024 deposit rankings?
American Business Bank ranked 9th among 225 U.S. banks with assets between $3 billion and $10 billion in S&P Global Market Intelligence’s inaugural deposit rankings for 2024.
How much did AMBZ’s total deposits grow in 2024?
American Business Bank’s total deposits increased by $147 million, representing a 4.2% growth for year-end 2024.
What are AMBZ’s key financial metrics for 2024?
AMBZ reported $4.04 billion in assets, 1.33% cost of deposits, and nonperforming assets and loans 90 days or more past due of 0.18% of total assets.
How have noninterest-bearing deposits performed across the banking industry since 2021?
Noninterest-bearing deposits across the banking industry have dropped nearly 30% from year-end 2021 through the end of the third quarter of 2024, while interest-bearing deposits have grown close to 8%.
What criteria were used in S&P Global’s bank deposit rankings for 2024?
The rankings were calculated based on eight metrics, with noninterest-bearing deposit concentration receiving the highest weighting, plus a new metric to capture the cost of operating a deposit franchise beyond interest expense.
