A study has found that Capra Bank is the fastest-growing bank in the nation among similar institutions.
The study was done by Raymond James utilizing S&P Capital IQ Pro. Using data from 2022-2024, the study compared 30 banks with less than $3 billion in assets, excluding merger targets. Capra led in total asset growth, with a compound annual growth rate (CAGR) of 200%.
“This achievement reflects the unwavering commitment of our team and the strength of our relationships,” Tut Fuller, Capra Bank Chairman CEO and founder, said in a news release. “Capra is the modern iteration of community banking. It pairs industry leading tech with leading local bankers who are empowered to make decisions in their communities.”
Capra’s metrics included a 3.89% Net Interest Margin and a 0.71% Return on Average Assets, which continue to increase year over year, according to the release.
“It’s exciting to be a part of such a dynamic organization that truly believes in investing in Lubbock and getting back to the basics of community banking while simultaneously investing in technology,” said Greg Garland, president. “Our customers enjoy shaking hands with someone they know and getting business done. That’s what we’re all about and it’s resonating in West Texas and across our footprint.”
Alana Edgin writes about business for the Lubbock Avalanche-Journal. Got a news tip? Contact her via email at aedgin@lubbockonline.com.
This article originally appeared on Lubbock Avalanche-Journal: Capra Bank recognized as fastest growing in recent study
Reporting by Alana Edgin, Lubbock Avalanche-Journal / Lubbock Avalanche-Journal
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