Top 5 Most Profitable Banks in the World

In this piece, we will take a look at the top five most profitable banks in the world. If you want to look at how the banking industry has fared over the years and current trends, you can head on over to Top 20 Most Profitable Banks in the World.

5. Westamerica Bancorporation (NASDAQ:WABC)

Latest Net Margin: 48.26%

Westamerica Bancorporation (NASDAQ:WABC) is a small Californian bank with less than $10 billion in assets. It is based in San Rafael, California.

Insider Monkey’s March quarter of 2023 survey of 943 hedge funds outlined that 16 had held a stake in the bank. Israel Englander’s Millennium Management is Westamerica Bancorporation (NASDAQ:WABC)’s largest hedge fund investor with a $13 million stake.

4. East West Bancorp, Inc. (NASDAQ:EWBC)

Latest Net Margin: 48.93%

East West Bancorp, Inc. (NASDAQ:EWBC) is headquartered in Pasadena, California. It operates in the U.S. and China – making it one of the few banks of its kind. It has consumer, commercial, and other business divisions through which it provides personal and business accounts, real estate loans, and other products.

By the end of March 2023, 23 of the 943 hedge funds profiled by Insider Monkey had bought a stake in the bank. East West Bancorp, Inc. (NASDAQ:EWBC)’s largest hedge fund investor is Ken Griffin’s Citadel Investment Group with a $93 million stake that comes via 1.6 million shares.

3. ServisFirst Bancshares, Inc. (NYSE:SFBS)

Latest Net Margin: 51.08%

ServisFirst Bancshares, Inc. (NYSE:SFBS) is a small bank with less than six hundred employees. It offers accounts, loans, and other banking products. The firm is headquartered in Birmingham, Alabama.

19 of the 943 hedge funds part of Insider Monkey’s database had invested in ServisFirst Bancshares, Inc. (NYSE:SFBS) during Q1 2023. Lansing Davis’ Davis Capital Partners is its largest shareholder with a $49 million investment.

2. Preferred Bank (NASDAQ:PFBC)

Latest Net Margin: 51.28%

Preferred Bank (NASDAQ:PFBC) is a Californian commercial bank. It is headquartered in Los Angeles, California. The bank provides services to business owners, investors, and high net worth individuals. These include deposit accounts, working capital finance, letters of credit, wealth banking services, and deposit boxes.

Insider Monkey took a look at 943 hedge funds for their March quarter of 2023 shareholdings and found out that 15 had bought a stake in the bank. Preferred Bank (NASDAQ:PFBC)’s largest hedge fund shareholder in our database is Israel Englander’s Millennium Management since it owns 330,074 shares that are worth $18 million.

1. Parke Bancorp, Inc. (NASDAQ:PKBK)

Latest Net Margin: 52.58%

Parke Bancorp, Inc. (NASDAQ:PKBK) is a New Jersey based bank. It is headquartered in Washington Township and has seven branches. These are located in New Jersey and Philadelphia. It caters to the needs of business and retail customers and provides deposit accounts and loans for a variety of industries including construction and industrial.

After digging through 943 hedge funds for their first quarter of 2023 investments, Insider Monkey discovered that two had bought Parke Bancorp, Inc. (NASDAQ:PKBK)’s shares. Its largest shareholder is Matthew Lindenbaum’s Basswood Capital with a $5 million investment.

Disclosure: None. You can also take a look at 17 Biggest Finance Companies in the World and 10 5G Stocks Billionaires Are Loading Up On.

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