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New Mexico Bank & Trust Recognized As A 2017 Forbes Best Bank In America

on May 15, 2017 - 11:42am
NMBT News:
 
ALBUQUERQUE — New Mexico Bank & Trust, a subsidiary of Heartland Financial USA, Inc. (NASDAQ:HTLF), has been named a “Forbes Best Bank 2017”.
 
In its annual review of the largest publicly traded banks and thrifts, Forbes ranked Heartland Financial USA, Inc. 44 th among a nationwide group of 100 leading banking organizations with assets ranging from under $8 billion to over $2.5 trillion.
 
“We are proud to be named among the best banks in America for 2017,” said Greg Leyendecker, President and CEO of New Mexico Bank & Trust. “As a community bank, what sets us apart is our strong commitment to our customers, combined with access to ‘big-bank’ products and services as part of Heartland. The Forbes ranking underscores the benefits of our unique structure—the strength and capabilities of a big bank, combined with the personal touch and local decision-making of a community bank.”
 
To compile the rankings, Forbes used data collected by S&P Global Market Intelligence through the third quarter of 2016 on the country’s largest publicly traded banks and thrifts. The data covered 10 metrics related to growth, profitability, capital adequacy and asset quality. Metrics included return on average tangible equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percent of total loans. Nonperforming assets as a percent of assets, risk-based capital ratio and reserves as a percent of nonperforming assets were also factored in.
 
“We attribute our strong performance to both our loyal and satisfied customers and our disciplined financial management,” Leyendecker said.
 
In 2016, Heartland’s net income increased by 35 percent over 2015, with earnings per share growing by 14 percent. That strong shared success provides New Mexico Bank & Trust with an outstanding platform for continued growth.
 
About New Mexico Bank & Trust
 
New Mexico Bank & Trust, a member of Heartland Financial USA, Inc., (NASDAQ: HTLF), is a community bank with assets of more than $1.3 billion and 17 offices in Albuquerque, Los Lunas, Rio Rancho, Santa Fe, Los Alamos, Espanola, Tierra Amarilla, Clovis and Portales.
 
For more information, visit www.nmb-t.com or call 505.830.8102. New Mexico Bank & Trust is a member of the FDIC and an Equal Housing Lender.

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