Bank revenue increases to almost $50 million
Austin, TX (Aug. 16, 2022) – Fueled by record-revenue over the past three years, Austin Capital Bank was named to Inc. Magazine’s Inc. 5000 list of the fastest-growing independent companies for the seventh consecutive year.
Austin Capital Bank, a leader in digital banking products and responsible financial innovation founded in 2006, made the list once again reporting three-year revenue growth of 334%, which was good enough for #1,738 on this year’s annual list. Austin Capital Bank ended 2021 with $49.3 million in revenue.
Each year Inc. Magazine ranks the fastest growing private companies in America based on percentage revenue growth over the past three years. The Inc. 5000 list represents a unique look at the most successful private companies within the American economy’s most dynamic market segment – independent small and midsized businesses. Companies such as Microsoft, Dell, Yelp, Zillow, and many other well-known brands gained their first national exposure as honorees of the Inc. 5000.
“Being included in the Inc. 5000 for the seventh consecutive year is something we are truly proud of, as few companies can sustain the rapid and consistent revenue growth year after year to be included in this prestigious group of companies on an annual basis,” said Erik Beguin, founder and CEO of Austin Capital Bank. “Making the list isn’t really our goal, but the annual recognition is gratifying in that it speaks to the fact we are achieving our goal of doing well by doing good.”
Austin Capital Bank INC 5000 Historical Ranking
About Austin Capital Bank
Austin Capital Bank is an FDIC-insured, independent community bank located in Austin, Texas. Austin Capital Bank, consistently recognized as a top performing financial institution, was ranked as the number-one consumer lender in the nation in 2021 for banks under $500 million in assets, and has been ranked on consecutive INC. 5000 lists since 2016. Austin Capital Bank is unique among community banks in that it defines ‘community’ as a common set of needs and values vs the traditional geographic focus of community banks. Austin Capital Bank offers proprietary branded digital banking services nationwide enabled by its own custom-built banking-as-a-service platform and digital banking products group.