Q2 Powers the Majority of America’s Best Banks
May 14 2024 - 11:00AM
Business Wire
Nearly 60 percent of Forbes’ list of America’s
Best Banks are Q2 customers
Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital
transformation solutions for financial services, today announced
that nearly 60 percent of those recognized on the Forbes' America's
Best Banks list are customers of Q2.
The annual Forbes’ America’s Best Banks list looks at 10 metrics
measuring growth, credit quality and profitability for the 2023
calendar year, as well as stock performance in the 12 months
through March 18, 2024. The 10 equally-weighted financial metrics
are net interest margin; return on average tangible common equity;
return on average assets; CET1 ratio; efficiency ratio;
nonperforming assets as a percentage of total assets; reserves as a
percentage of total assets; risk-based capital ratio; operating
revenue growth; and net charge-offs as a percentage of total
loans.
The top 200 largest publicly traded banks and thrifts by asset
size were eligible for the list and the top 100 were ranked by
Forbes. Of the top 100 banks, 58 are Q2 customers using one or more
of Q2’s comprehensive, data-driven digital engagement solutions for
consumers, small businesses, and corporate clients, which include
solutions such as our digital banking platform, loan and depository
relationship pricing, account opening and primacy, risk and fraud,
and more.
“Our mission is to build strong and diverse communities by
strengthening their financial institutions, and to see so many of
our customers recognized is a testament to the strength of our
partnerships and the role the digital experience plays in enabling
banks to thrive and succeed,” said Matt Flake, CEO, Q2. “We
congratulate the banks that are recognized and are proud to see our
customers positioned as leaders within the banking industry.”
Please visit https://www.q2.com to learn how Q2’s solutions help
banks and credit unions provide a better digital experience.
©2024 Forbes. All rights reserved. Used under
license.
About Q2 Holdings, Inc.
Q2 is a leading provider of digital transformation solutions for
financial services, serving banks, credit unions, alternative
finance companies, and fintechs in the U.S. and internationally. Q2
enables its financial institutions and fintech customers to provide
comprehensive, data-driven digital engagement solutions for
consumers, small businesses and corporate clients. Headquartered in
Austin, Texas, Q2 has offices worldwide and is publicly traded on
the NYSE under the stock symbol QTWO. To learn more, please visit
Q2.com. Follow us on LinkedIn and X to stay up to date.
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Jean Kondo Q2 Holdings, Inc. +1 510-823-4728
jean.kondo@q2.com
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