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Arizona's Metro Phoenix Bank soared to the top of S&P Global Market Intelligence's 2017 ranking of the best-performing community banks under $1 billion in assets.
Rising from the ashes of a net loss in 2016, Metro Phoenix turned in a fiery 2017 with a 23.39% pretax return on average tangible common equity, strong loan growth and a 5.90% net interest margin.
Founded in 2007, Metro Phoenix focuses on lending to businesses and real estate professionals. At the end of 2017, nonfarm, nonresidential commercial real estate loans accounted for 62.06% of its total loans, while commercial-and-industrial loans accounted for another 18.80%. The...