Arkansas? 3Q ROA Fourth in District
by March 13, 2006 12:00 am 55 views
In the third quarter of 2005, Arkansas banks collectively had a return on their average assets (ROA) of 1.18 percent, ranking as No. 4 of the seven states in the U.S. Federal Reserve Bank’s Eighth District. The district includes all of Arkansas and parts of six other states.
Arkansas’ ROA was up 0.04 percent from the comparable quarter a year prior.
Many banks measure their success by the amount of ROA they make annually. The Federal Deposit Insurance Corp. defines ROA as “net income after taxes and extraordinary items (annualized) as a percent of average total assets.”
For the same quarter, Bentonville-based Arvest Bank had an ROA of 1.14 percent; United Bank of Springdale had 1.04 percent ROA; and Bank of Arkansas N.A. had 1.28 percent ROA.
The collective return on average assets for the district was 1.22 percent and the U.S. average was 1.34 percent.