Evolve Bank & Trust
Evolve Bank & Trust
Overview / Commentary
Evolve Bank & Trust is headquartered in WEST MEMPHIS and is the 14th largest bank in the state of Arkansas. It is also the 680th largest bank in the nation. It was established in 1925 and as of September of 2024, it had grown to 489 employees at 26 locations. Evolve Bank & Trust has a B+ health rating.
Reviews (2)
Terrible, Borderline Fraudulent Bank
Posted by: wowdoge8 | Dec 4, 2024
Evolve has essentially stolen millions of dollars from customers through "Synapse Brokerage."
Wow Horrible Business Practices
Posted by: Sxirg007 | May 20, 2024
Could not be worse..unethical customer service is abysmal and I think it might be the worst bank I’ve ever had any contact with
Health
B+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1299 |
| Year Established | 1925 |
| Employees | 489 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 7.38% |
| Annual Interest Income | $65.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $1.67B$1.48B |
| Loans | Q3 2024vs Q3 2023 | $1.04B$962MM |
| Deposits | Q3 2024vs Q3 2023 | $1.18B$1.23B |
| Equity Capital | Q3 2024vs Q3 2023 | $164MM$152.3MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $17.1MM$12.5MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $6.9MM$6.3MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $40K$40K |