The 10 top-performing banks with between $10B and $50B of assets

A West Reading, Pennsylvania, bank was named as American Banker's top-performing midsize bank. 

The $21.3 billion-asset Customers Bancorp was the best-performing bank with between $10 billion and $50 billion of assets based on year-end 2023 data. The annual list is compiled by the consulting firm Capital Performance Group, which uses each institution's three-year average return on average equity, or ROAE, to determine the ranking. Overall, Capital Performance Group ranks banks in three other asset classes, besides this midsize category: pPublicly traded banks under $2 billion of assets; banks with between $2 billion and $10 billion of assets; and banks with more than $50 billion of assets, which will be released soon. 

Customers posted a three-year average ROAE of 19.5%, which was higher than the median of 17.45% for the top 10 banks and almost double the 10.12% for the entire asset class. Customers was also the only Pennsylvania bank to make the top 10, though there are five banks headquartered in the state in this asset category. 

For additional details about the results for this asset category, visit here. 

Read on for more information about the other nine banks that round out the top-performing midsize banks.