Yellowstone Bank ranked as the top in the country among 2020’s best-performing community banks with less than $3 billion in assets, by S&P Global Market Intelligence. The number one ranking is a 32 spot jump over their 2019 ranking.
S&P Global Market Intelligence reported, “Founded over a century ago, the bank has established itself as an active commercial, agricultural, and real estate lender in Montana with eight brick-and-mortar branches and one facility operating across six different cities. Yellowstone Bank was highly profitable during 2020, yielding a return on average tangible common equity, or ROATCE, of 21.4% while also growing operating revenues to 36.2% year over year.”
This Yellowstone Bank and other community banks accomplished during a most difficult year, underscored S & P Global. “Despite going through a challenging year filled with economic uncertainty, we have seen community banks and credit unions play a significant role in their regional markets, providing support and essential services needed in their local communities. I’m thrilled to see these community banks and credit unions thrive in a challenging time and proud to recognize these top performing local financial institutions in our annual rankings,” said Jimmy Pittenger, Senior Director of Financial Institutions at S&P Global Market Intelligence.