ALBUQUERQUE — New Mexico Bank & Trust (NMB&T), through its parent company, Heartland Financial USA, Inc., operating under the brand name HTLF (NASDAQ: HTLF), has been named a “Forbes Best Bank 2022”.
In its annual review of the largest publicly traded banks and thrifts, Forbes ranked Heartland 28th among a nationwide group of 100 leading banking organizations with assets ranging from $9 billion to more than $2 trillion.
“We are proud to be named among the Best Banks in America for 2022,” NMB&T President and CEO Greg Leyendecker said. “As a community bank, what sets us apart is our strong commitment to our customers, combined with access to ‘big-bank’ products and services as part of Heartland.”
“The Forbes ranking underscores the benefits of our unique structure—the strength and capabilities of a big bank, combined with the personal touch and local decision-making of a community bank,” Leyendecker said.
New Mexico Bank & Trust offers full-service branches where experts can meet all financial needs throughout the community.
To compile the rankings, Forbes used data collected by SNL Financial through the third quarter of 2021 on the country’s largest publicly traded banks and thrifts.
The data covered metrics of financial health:
- Return on average equity;
- Net interest margin;
- Nonperforming loans (NPLs) as a percentage of loans;
- Nonperforming assets as percentage of assets;
- Reserves as a percentage of NPLs;
- Two capital ratios (Tier 1 and risk-based); and
- Leverage ratio.
Forbes generated its ranking based on an average of the individual ranks of each metric.
About New Mexico Bank & Trust
New Mexico Bank & Trust, a subsidiary of Heartland Financial USA, Inc., operating under the brand name HTLF, (NASDAQ: HTLF), is a community bank with more than $2.5 billion in assets and operates 24 offices located in Central, Northern, and Eastern New Mexico as well as Northwest Texas. The bank specializes in business lending and deposit services, and provides a wide variety of personal credit and deposit services along with complete electronic banking programs. Visit www.nmb-t.com or call 505.830.8100 to learn more. New Mexico Bank & Trust is a member of the FDIC and an Equal Housing Lender.
About Heartland Financial USA, Inc.
Heartland Financial USA, Inc., operating under the brand name HTLF, is a financial services company with assets of $19.27 billion. HTLF has banks serving communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin. HTLF is committed to its core commercial business, supported by a strong retail operation, and provides a diversified line of financial services including treasury management, residential mortgage, wealth management, investment and insurance. Additional information is available at www.htlf.com.