Bank revenue soars with three-year growth of 448%
Austin, TX (Aug. 17, 2021) – With the release today of the annual Inc. 5000 list of the fastest-growing private companies, a familiar name appeared for the sixth consecutive year: Austin Capital Bank.
Austin Capital Bank, a leader in digital banking products and responsible financial innovation, made the list once again after reporting a record three-year revenue growth increase of 448%. The Texas-based bank ended 2020 with more than $38 million in revenue, a ten-fold increase from 2015, when it first appeared on the Inc. 5000 list.
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.
“Six straight years of making this list is something we are all proud of,” said Erik Beguin, founder and CEO of Austin Capital Bank. “Few companies can sustain this level of impressive revenue growth and it becomes more difficult to make the list every year as we grow. We view our inclusion on the list for so many consecutive years as a direct reflection of our products, mission, and people.”
About Austin Capital Bank
Austin Capital Bank is a 5-Star rated, FDIC-insured, independent community bank located in Austin, Texas. Austin Capital Bank is consistently recognized as a top performing financial institution 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.