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nbkc bank Named Kansas City’s Strongest Large Bank
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Rhea-AI Sentiment
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Rhea-AI Summary
nbkc bank has been recognized as the strongest large bank in the Kansas City area, according to an analysis by the Kansas City Business Journal. This ranking is based on eight financial metrics using 2022 year-end FDIC data, specifically targeting banks with over $1 billion in assets. The report highlighted nbkc’s core capital ratio of 17.12%, the highest in its category, and a loan-to-deposit ratio of 66.94%, indicating financial stability. Additionally, 86.33% of deposits are covered by FDIC insurance, emphasizing security for depositors. This accolade follows another recognition in January 2023, when nbkc bank was named the best mortgage lender by Nerdwallet. CEO Michael Bartkoski expressed gratitude for the acknowledgment, underscoring the bank's commitment to financial strength and customer safety.
Positive
Ranked as the strongest large bank in Kansas City based on financial metrics.
Core capital ratio of 17.12%, the highest in the category.
Loan-to-deposit ratio of 66.94%, indicating financial flexibility.
86.33% of deposits covered by FDIC insurance, showing strong depositor security.
Previously recognized as the best mortgage lender by Nerdwallet in January 2023.
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None.
KANSAS CITY, Mo.--(BUSINESS WIRE)--
At a time when the banks’ financial soundness is increasingly in focus, nbkc bank has been named the strongest large bank in the Kansas City area.
In a recent analysis by the Kansas City Business Journal, nbkc bank ranked first in financial strength among Kansas City banks with $1 billion or more in assets, based on eight metrics which, together, reflect a bank’s financial wherewithal. The study used 2022 year-end Federal Deposit Insurance Corporation (FDIC) data to analyze every bank with a presence in Kansas City.
“We are grateful that our consistent approach to managing the bank has resulted in this recognition,” said Michael Bartkoski, president and chief executive officer of nbkc bank. “We believe that people are focused on choosing a bank that is financially strong and not risking the safety of the deposits they manage. The study’s results can help provide peace of mind to existing and potential customers of our continuous focus on the strength and safety of nbkc bank.”
In its analysis, the Business Journal specifically cited nbkc’s core capital ratio--at 17.12%, the highest in the category--which measures the reserve capital banks have set aside; its loan-to-deposit ratio, 66.94%, which can be used to determine a bank’s flexibility if it is at risk of deposit outflow; and its percentage of deposits covered by FDIC insurance, 86.33%, which analyzes the risk a bank might face were it to need to cover some deposits with its own capital.
The Business Journal ranking is the second prestigious citation nbkc bank has been awarded in 2023. In January, nbkc bank was named the best mortgage lender in Nerdwallet, Inc.’s (Nasdaq:NRDS) 2023 Best Of Awards.
“We appreciate the external recognition we have been receiving,” Bartkoski said, “since it reflects the work our teams are doing to protect our customers while making banking simple and helpful.”
Kansas City-based nbkc is a diversified full-service banking company known for combining innovative technology and personal support to create exceptional client experiences. We offer nationwide, online home lending and consumer banking; community and commercial banking throughout our home region of Kansas City; and banking-as-a-service to fintech companies across the U.S. Formed in 1999, nbkc continues to pursue its mission of leading the industry to simpler and more transparent banking.
nbkc bank was named the strongest large bank in the Kansas City area by the Kansas City Business Journal and the best mortgage lender by Nerdwallet.
What is nbkc bank's core capital ratio?
nbkc bank's core capital ratio is 17.12%, the highest among large banks in Kansas City.
How does nbkc bank ensure depositor security?
86.33% of nbkc bank's deposits are covered by FDIC insurance, indicating a strong safety net for depositors.
What financial metrics did the Kansas City Business Journal use to rank nbkc bank?
The analysis used eight financial metrics including core capital ratio, loan-to-deposit ratio, and the percentage of deposits covered by FDIC insurance.
How does nbkc bank compare to other banks in Kansas City?
nbkc bank ranked first in financial strength among Kansas City banks with over $1 billion in assets.
