Oak Ridge Financial Services, Inc. Named to American Banker’s Top 100 Publicly Traded Banks Under $2 Billion in Assets
OAK RIDGE FINCL SVCS INC (BKOR)
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4160431
Company Research
Source: GlobeNewswire
OAK RIDGE, N.C., June 11, 2024 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), was included in The American Banker’s Top 100 Publicly Traded Community Banks under $2 billion in assets. The ranking is based on data from year-end 2023 and uses the institutions' three-year average return on average equity, or ROAE, to determine the ranking. Investors frequently use ROAE to analyze business performance and shareholder return. Oak Ridge’s three-year average ROAE for 2021-2023 was 13.25%. This year, American Banker and Capital Performance Group trimmed the list from the 200 top performers to 100 banks due to consolidation and the shrinking number of institutions in this asset class, better representing the top quartile of banks with under $2 billion of assets. Oak Ridge had been recognized as part of the top 200 publicly traded banks in $2 billion in assets prior to 2023 for seven c
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