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Nevertheless, Sandy Spring still earned a solid 1.0% ROA and 9.7% ROTCE in 2012, and at only 1.2x is an attractive target for any bank looking to build scale or buy its way into the Washington DC market.3.
Eagle Bank (EGBN) is led by the other Ron Paul, this one a community banking legend who co-founded Eagle Bank in 1998.
Community banks can’t compete anymore, so they are merging with each other and morphing into stronger regional institutions.Following is a list of the most profitable banks in the U. Before explaining the situation at Customers Bank, which is our top idea, we briefly describe the attractive opportunities for investing in banks in the Washington DC market. S., the Washington DC market is dominated by large money center banks such as Capital One (COF), Wells Fargo (WFC), Bank of America (BAC), and Citigroup (C), along with super-regionals including Sun Trust (STI), BB&T (BBT), and PNC Financial (PNC).In terms of pure plays (relatively), we identify 4 that are investable:1.for the Fourth Quarter 2012, FDIC-insured institutions earned 1.3 billion, the second-highest annual earnings ever reported, after the 5.2 billion in 2006.Average return on assets (ROA) for the industry rose to the psychologically-important level of 1.00%, a level last realized in 2006.