The ranking is mainly based on stock price action and the price-to-book ratio. The main "asset" of a bank is trust and the price action is a very good indicator

The ranking is mainly based on stock price action and the price-to-book ratio. The main "asset" of a bank is trust and the price action is a very good indicator that shows if investors still trust the bank. My first intention was to mainly base my ranking on their balance sheet, but the balance sheet of SVB, Signature, Silvergate and Credit Suisse was average, it wasn't terrible (Many banks do much worse). In fact Moody's gave SVB an A rating. What broke SVB,Signature and Silvergate's neck was their lack of diversification, their high exposure to crypto and tech startups and the bankrun that ensued when crypto collapsed and VC cut their funding. Almost every bank can't sustain a bankrun. In the "cash equivalents % of total assets" column you can see how much of their assets the bank can actually let people quickly withdraw and it isn't that much. Silvergate had 40% of their assets in cash equivalents, more than almost every bank, and they still failed.