FIBT Recognized as a Top-Performing Bank
First International Bank & Trust (FIBT) was recently included on American Banker’s 20 Top-Performing Banks with $2B to $10B in Assets list. The North Dakota-based bank was ranked at #11 on the list and was the only bank from the state included. Banks on the list were ranked based on their three-year average return on average equity. These top 20 institutions also held more core deposits compared with their total deposit base, reported a higher median return on average assets, and posted a stronger efficiency ratio compared with the entire peer group.
“Over the past 113 years, we’ve built our bank on the relationship between our employees and our customers,” says Steve Stenehjem, CEO/Chairman of First International Bank & Trust. “To be included on American Banker’s 20-Top Performing Banks with $2B to $10B in Assets list is a tremendous honor. We take pride in our relationship-based business model and the way we build long-term trust with our customers. We remain well capitalized and well positioned to serve our communities for generations to come.”
Peter Stenehjem, President of FIBT shares, “First International Bank & Trust is proud to be included on American Banker’s 20-Top Performing Banks with $2B to $10B in Assets list. This recognition is truly a testament to our dedicated team members who work tirelessly to serve the needs of the communities we serve. At FIBT, our guiding principle is “Live First” and we do everything in our power to help our customers do that. Whether it’s buying their first home, saving for retirement, or obtaining a loan to take their business to the next level, we’re so grateful to help our customers reach their dreams.”
Who is FIBT?
First International Bank & Trust (FIBT) is a full-service, family-owned, independent community bank serving a wide range of communities across North Dakota, South Dakota, Minnesota, and Arizona.