PRLog - June 11, 2012 - MIAMI -- BauerFinancial Inc. awarded Sabadell United Bank its highest rating of five stars, the bank announced today. Sabadell United ranked among the top 20 percent rated banks with a presence in Florida. The increased ranking is the second for Sabadell United Bank in the past year.
For Modern Times, A Classic Bank
“We are extremely gratified that our successful efforts at growing and increasing our capitalization and profitability are being recognized by the market,” President and CEO Mario Trueba said.
Sabadell United Bank earned $7.4 million in the first quarter of 2012, up from $6.7 million in the fourth quarter. It posted an increase in annualized return on equity to 6.62 percent.
Sabadell United Bank’s first-quarter Tier 1 risk-based capital ratio was 16.57 percent and Tier 1-to- average assets ratio was 10.18 percent, compared with the FDIC standard for a well-capitalized bank of 6 and 5 percent, respectively.
About Bauer Financial
BauerFinancial, one of the nation’s most respected independent ratings agencies, uses federal regulatory data to rate banks based on capital ratio, profit/loss trend, delinquent loans and other factors. The rankings range from a high of five stars to a low of zero stars. A five-star rating is classified as “superior,”
For details on reports and ratings from BauerFinancial, please visit its website at:
www.bauerfinancial.com or by phone at 1.800.388.6686
Banco Sabadell, a global Spanish banking institution founded in 1881, has operated in Florida since 1993. Sabadell currently has a nationally-chartered bank and an international branch headquartered in Miami. Sabadell United Bank, a subsidiary of Sabadell, and Banco Sabadell, Miami Branch, provide a diversified array of financial products and services to professionals, commercial and corporate clients, international clients, affluent and high-net-worth individuals. At March 31, 2012, Sabadell Americas had assets of $6.1 billion in Florida. Sabadell United Bank had $4.0 billion in deposits and off-balance AUMs, ranking seventh in total deposits for all Florida-based banks, with 24 offices in Miami-Dade, Broward and Palm Beach counties, and in Tampa Bay, Naples and Sarasota.