U.S. Bank Holding Companies with the Highest Multiples of Net Income to Salary and Benefits

October 18, 2021, 10:32 a.m. EDT 1 Min Read

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Rank	Company	City	State	Multiple	Net income (loss)	Salary and benefits	Return on average assets
1	Education Loan Finance, Inc.	Farragut	Tenn.	6.03	$42,109	$6,980	4.71
2	Lauritzen Corporation	Omaha	Neb.	5.82	74,386	12,788	16.43
3	Discover Financial Services	Riverwoods	Ill.	3.36	1,697,642	505,310	6.05
4	NexBank Capital, Inc.	Dallas	Tex.	3.14	22,947	7,311	0.99
5	John Deere Capital Corporation	Reno	Nev.	3.12	195,278	62,585	1.86
6	United National Corporation	Sioux Falls	S.D.	3.07	162,770	52,949	15.59
7	Amboy Bancorporation	Old Bridge	N.J.	3.06	16,166	5,291	2.43
8	Synchrony Financial	Stamford	Conn.	3.03	1,242,000	410,000	5.32
9	International Bancshares Corporation	Laredo	Tex.	3.01	92,025	30,548	2.43
10	ServisFirst Bancshares, Inc.	Birmingham	Ala.	2.96	50,027	16,887	1.56
11	Midland Financial Co.	Oklahoma City	Okla.	2.88	229,697	79,674	2.94
12	Merchants Bancorp	Carmel	Ind.	2.73	51,417	18,800	2.14
13	State Bankshares, Inc.	Fargo	N.D.	2.63	198,411	75,400	7.76
14	Luther Burbank Corporation	Santa Rosa	Calif.	2.50	21,216	8,475	1.19
15	Inwood Bancshares, Inc.	Dallas	Tex.	2.44	16,145	6,619	1.68
16	Eagle Bancorp, Inc.	Bethesda	Md.	2.41	47,993	19,876	1.68
17	Cathay General Bancorp	Los Angeles	Calif.	2.36	77,199	32,758	1.60
18	Silver Queen Financial Services, Inc.	Greenwood Village	Colo.	2.36	4,948	2,100	1.03
19	Customers Bancorp, Inc.	West Reading	Pa.	2.19	61,341	28,023	1.27
20	Industry Bancshares, Inc.	Industry	Tex.	2.18	20,725	9,522	1.58
21	East West Bancorp, Inc.	Pasadena	Calif.	2.13	224,742	105,685	1.55
22	ConnectOne Bancorp, Inc.	Englewood Cliffs	N.J.	2.11	32,219	15,284	1.70
23	Bank7 Corp.	Oklahoma City	Okla.	2.07	6,105	2,949	2.38
24	New York Community Bancorp, Inc.	Westbury	N.Y.	2.04	151,454	74,370	1.04
25	Ally Financial Inc.	Detroit	Mich.	2.01	900,000	447,000	1.99
26	Olney Bancshares of Texas, Inc.	Olney	Tex.	2.01	20,195	10,049	2.18
27	PacWest Bancorp	Beverly Hills	Calif.	1.99	180,512	90,807	2.11
28	Live Oak Bancshares, Inc.	Wilmington	N.C.	1.93	63,582	32,937	3.01
29	Lakeland Financial Corporation	Warsaw	Ind.	1.90	24,335	12,793	1.58
30	First Hawaiian, Inc.	Honolulu	Hawaii	1.89	86,741	45,982	1.45
31	Westamerica Bancorporation	San Rafael	Calif.	1.87	22,579	12,097	1.29
32	Home Bancshares, Inc. (Conway, AR)	Conway	Ark.	1.86	79,070	42,462	1.81
33	BankUnited, Inc.	Miami Lakes	Fla.	1.85	103,974	56,311	1.17
34	WSFS Financial Corporation	Wilmington	Del.	1.83	95,667	52,142	2.59
35	Northfield Bancorp, Inc. (Staten Island, NY)	Woodbridge	N.J.	1.83	19,794	10,821	1.43
36	Capital One Financial Corporation	McLean	Va.	1.82	3,536,396	1,944,416	3.34
37	Pacific Premier Bancorp, Inc.	Irvine	Calif.	1.81	96,302	53,142	1.90
38	CVB Financial Corp.	Ontario	Calif.	1.75	51,179	29,280	1.35
39	Western Alliance Bancorporation	Phoenix	Ariz.	1.74	223,842	128,913	1.86
40	Cadence Bancorporation	Houston	Tex.	1.73	101,309	58,619	2.17
41	Prosperity Bancshares, Inc.	Houston	Tex.	1.73	130,611	75,611	1.44
42	Atlantic Union Bankshares Corporation	Richmond	Va.	1.68	85,384	50,857	1.72
43	Ida Grove Bancshares, Inc.	Ida Grove	Iowa	1.67	10,505	6,300	2.15
44	Southern Missouri Bancorp, Inc.	Poplar Bluff	Mo.	1.66	13,689	8,228	2.01
45	Dime Community Bancshares, Inc.	Hauppauge	N.Y.	1.64	51,278	31,272	1.61
46	Hometown Community Bancorp, Inc.	Morton	Ill.	1.62	20,667	12,794	1.69
47	CIT Group Inc.	New York	N.Y.	1.61	226,874	140,687	1.62
48	First Financial Bankshares, Inc.	Abilene	Tex.	1.60	56,379	35,151	1.91
49	Stearns Financial Services, Inc.	Saint Cloud	Minn.	1.58	20,287	12,857	3.32
50	Sterling Bancorp	Pearl River	N.Y.	1.54	98,339	63,896	1.34
51	RBB Bancorp	Los Angeles	Calif.	1.53	13,380	8,743	1.39
52	MB Mutual Holding Company	Manasquan	N.J.	1.52	8,930	5,883	1.44
53	Heritage Financial Corporation	Olympia	Wash.	1.49	32,702	21,882	1.85
54	Premier Financial Corp.	Defiance	Ohio	1.49	31,385	21,045	1.66
55	American Express Company	New York	N.Y.	1.48	2,280,000	1,539,000	4.84
56	WesBanco, Inc.	Wheeling	W.Va.	1.47	70,589	47,969	1.66
57	Sandy Spring Bancorp, Inc.	Olney	Md.	1.47	57,263	38,988	1.79
58	Great Western Bancorp, Inc.	Sioux Falls	S.D.	1.47	58,748	40,068	1.79
59	Regions Financial Corporation	Birmingham	Ala.	1.47	790,000	539,000	2.05
60	Bridgewater Bancshares, Inc.	Saint Louis Park	Minn.	1.46	10,993	7,512	1.43
61	Axos Financial, Inc.	Las Vegas	Nev.	1.46	54,253	37,096	1.46
62	German American Bancorp, Inc.	Jasper	Ind.	1.45	23,822	16,375	1.79
63	First Internet Bancorp	Fishers	Ind.	1.44	13,096	9,112	1.25
64	City Holding Company	Charleston	W.Va.	1.42	22,149	15,578	1.49
65	American National Corporation	Omaha	Neb.	1.42	20,681	14,592	1.82
66	Popular, Inc.	Hato Rey	P.R.	1.42	218,000	154,000	1.24
67	First Security Bancorp	Searcy	Ark.	1.41	35,382	25,072	1.83
68	Financial Institutions, Inc.	Warsaw	N.Y.	1.39	20,200	14,519	1.51
69	Happy Bancshares, Inc.	Canyon	Tex.	1.39	33,377	24,023	2.16
70	FirstBank Holding Company	Lakewood	Colo.	1.39	81,889	58,994	1.25
71	First BanCorp.	Santurce	P.R.	1.38	70,558	51,298	1.40
72	Lakeland Bancorp, Inc.	Oak Ridge	N.J.	1.34	27,407	20,407	1.41
73	Enterprise Financial Services Corp	Clayton	Mo.	1.34	38,405	28,620	1.50
74	Capitol Federal Financial, Inc.	Topeka	Kan.	1.33	18,187	13,665	0.75
75	Independent Bank Group, Inc.	McKinney	Tex.	1.33	58,243	43,837	1.28
76	Valley National Bancorp	New York	N.Y.	1.32	120,512	91,095	1.17
77	American National Bankshares Inc.	Danville	Va.	1.32	10,766	8,178	1.38
78	First Community Bankshares, Inc.	Bluefield	Va.	1.31	13,402	10,216	1.70
79	First Merchants Corporation	Muncie	Ind.	1.31	55,559	42,438	1.51
80	Investors Bancorp, Inc.	Short Hills	N.J.	1.30	79,806	61,432	1.22
81	First Foundation Inc.	Dallas	Tex.	1.29	26,054	20,204	1.36
82	Hills Bancorporation	Hills	Iowa	1.29	13,610	10,556	1.37
83	Provident Financial Services, Inc.	Jersey City	N.J.	1.28	44,789	34,870	1.35
84	Origin Bancorp, Inc.	Ruston	La.	1.27	27,733	21,883	1.49
85	OFG Bancorp	San Juan	P.R.	1.26	40,827	32,297	1.58
86	Community Trust Bancorp, Inc.	Pikeville	Ky.	1.26	23,931	18,960	1.75
87	Veritex Holdings, Inc.	Dallas	Tex.	1.26	29,456	23,451	1.27
88	Brookline Bancorp, Inc.	Boston	Mass.	1.26	31,602	25,161	1.48
89	Horizon Bancorp, Inc.	Michigan City	Ind.	1.25	22,173	17,730	1.45
90	Hope Bancorp, Inc.	Los Angeles	Calif.	1.25	53,763	43,020	1.25
91	Commerce Bancshares, Inc.	Kansas City	Mo.	1.24	162,326	130,751	1.93
92	Amarillo National Bancorp, Inc.	Amarillo	Tex.	1.24	31,221	25,220	1.69
93	Citizens Financial Group, Inc.	Providence	R.I.	1.24	648,123	524,709	1.40
94	Arrow Financial Corporation	Glens Falls	N.Y.	1.22	13,279	10,845	1.38
95	Glacier Bancorp, Inc.	Kalispell	Mont.	1.22	77,627	63,504	1.55
96	SVB Financial Group	Santa Clara	Calif.	1.22	514,844	423,729	1.37
97	Marlin Business Services Corp.	Mount Laurel	N.J.	1.21	10,256	8,461	4.27
98	Hanmi Financial Corporation	Los Angeles	Calif.	1.21	22,122	18,302	1.37
99	First Bancorp Inc., Lebanon	Lebanon	Va.	1.20	10,156	8,432	1.59
100	Pinnacle Bancorp, Inc.	Elkhorn	Neb.	1.20	58,021	48,284	1.43
101	Southern First Bancshares, Inc.	Greenville	S.C.	1.20	10,322	8,598	1.60
102	United Community Banks, Inc.	Blairsville	Ga.	1.20	70,262	58,650	1.50
103	JPMorgan Chase & Co.	New York	N.Y.	1.19	11,948,000	10,023,000	1.28
104	Pinnacle Financial Partners, Inc.	Nashville	Tenn.	1.19	131,790	110,747	1.51
105	Equity Bancshares, Inc.	Wichita	Kan.	1.19	15,166	12,769	1.44
106	1st Source Corporation	South Bend	Ind.	1.18	30,223	25,510	1.58
107	Camden National Corporation	Camden	Maine	1.18	18,143	15,318	1.42
108	Comerica Incorporated	Dallas	Tex.	1.18	328,000	277,000	1.49
109	Bank of Hawaii Corporation	Honolulu	Hawaii	1.18	67,533	57,238	1.22
110	Simmons First National Corporation	Pine Bluff	Ark.	1.17	74,924	63,766	1.29
111	Byline Bancorp, Inc.	Chicago	Ill.	1.17	28,492	24,364	1.70
112	KeyCorp	Cleveland	Ohio	1.17	728,135	623,106	1.63
113	Seacoast Banking Corporation of Florida	Stuart	Fla.	1.17	31,410	26,919	1.39
114	Primis Financial Corp.	McLean	Va.	1.17	10,275	8,810	1.22
115	TrustCo Bank Corp NY	Glenville	N.Y.	1.16	14,434	12,403	0.95
116	South Central Bancshares of Kentucky, Inc.	Glasgow	Ky.	1.16	5,978	5,145	1.54
117	Synovus Financial Corp.	Columbus	Ga.	1.16	186,199	160,567	1.35
118	First Bancorp	Southern Pines	N.C.	1.16	29,285	25,271	1.47
119	S&T Bancorp, Inc.	Indiana	Pa.	1.16	28,366	24,515	1.21
120	The First of Long Island Corporation	Glen Head	N.Y.	1.16	11,388	9,845	1.08
121	BancFirst Corporation	Oklahoma City	Okla.	1.15	48,192	41,992	1.78
122	United Bankshares, Inc.	Charleston	W.Va.	1.14	94,836	83,027	1.40
123	Meridian Bancorp, Inc.	Peabody	Mass.	1.14	16,546	14,531	1.03
124	Great Southern Bancorp, Inc.	Springfield	Mo.	1.12	20,114	17,891	1.44
125	Mercantile Bank Corporation	Grand Rapids	Mich.	1.12	18,092	16,202	1.52
126	Fifth Third Bancorp	Cincinnati	Ohio	1.11	709,626	641,620	1.39
127	The Bancorp, Inc.	Wilmington	Del.	1.09	29,434	27,088	1.67
128	Washington Federal, Inc.	Seattle	Wash.	1.08	47,422	43,811	0.98
129	Ameriprise Financial, Inc.	Minneapolis	Minn.	1.08	590,521	545,724	1.42
130	Heartland Financial USA, Inc.	Dubuque	Iowa	1.07	61,605	57,376	1.35
131	Nicolet Bankshares, Inc.	Green Bay	Wis.	1.07	18,284	17,097	1.62
132	Southside Bancshares, Inc.	Tyler	Tex.	1.07	21,317	20,004	1.22
133	Ambank Company, Inc.	Sioux Center	Iowa	1.06	6,527	6,176	1.75
134	Bryn Mawr Bank Corporation	Bryn Mawr	Pa.	1.06	21,342	20,219	1.73
135	TriCo Bancshares	Chico	Calif.	1.05	28,362	27,081	1.40
136	Bank of Marin Bancorp	Novato	Calif.	1.04	9,285	8,888	1.21
137	The Goldman Sachs Group, Inc.	New York	N.Y.	1.04	5,486,000	5,263,000	1.62
138	Business First Bancshares, Inc.	Baton Rouge	La.	1.04	17,428	16,753	1.59
139	Citizens Bancorp Investment, Inc.	Lafayette	Tenn.	1.04	4,982	4,805	1.43
140	First Financial Corporation	Terre Haute	Ind.	1.04	16,614	16,028	1.40
141	Kearny Financial Corp.	Fairfield	N.J.	1.04	18,483	17,847	1.01
142	Citigroup Inc.	New York	N.Y.	1.04	6,193,000	5,982,000	1.06
143	CNB Financial Corporation	Clearfield	Pa.	1.03	13,990	13,518	1.12
144	First Commonwealth Financial Corporation	Indiana	Pa.	1.03	29,619	28,650	1.26
145	OceanFirst Financial Corp.	Red Bank	N.J.	1.03	30,554	29,571	1.06
146	Ameris Bancorp	Atlanta	Ga.	1.03	88,327	85,505	1.64
147	First Bancshares, Inc.	Merrillville	Ind.	1.03	18,693	18,102	1.28
148	Bank of America Corporation	Charlotte	N.C.	1.03	9,224,000	8,971,000	1.23
149	Columbia Banking System, Inc.	Tacoma	Wash.	1.03	55,036	53,636	1.25
150	Allegiance Bancshares, Inc.	Houston	Tex.	1.02	22,925	22,379	1.43
151	Banner Corporation	Walla Walla	Wash.	1.02	54,382	53,181	1.36
152	Guaranty Bancshares, Inc.	Addison	Tex.	1.02	10,432	10,204	1.43
153	215 Holding Co.	Minneapolis	Minn.	1.01	3,473	3,434	1.42
154	Cullen/Frost Bankers, Inc.	San Antonio	Tex.	1.00	118,068	117,485	1.05
155	Meta Financial Group, Inc.	Sioux Falls	S.D.	1.00	38,700	38,604	1.90
156	HBT Financial, Inc.	Bloomington	Ill.	1.00	13,717	13,730	1.40
157	People's United Financial, Inc.	Bridgeport	Conn.	1.00	170,774	171,401	1.07
158	CrossFirst Bankshares, Inc.	Leawood	Kan.	0.99	15,577	15,660	1.10
159	F.N.B. Corporation	Pittsburgh	Pa.	0.99	101,387	101,935	1.05
160	Republic Bancorp, Inc.	Louisville	Ky.	0.99	23,922	24,102	1.49
161	MidWestOne Financial Group, Inc.	Iowa City	Iowa	0.99	17,271	17,404	1.18
162	Landmark Bancorp, Inc.	Manhattan	Kan.	0.99	4,980	5,023	1.60
163	The First Bancshares, Inc.	Hattiesburg	Miss.	0.97	15,600	16,040	1.14
164	QCR Holdings, Inc.	Moline	Ill.	0.97	22,349	23,044	1.56
165	Park National Corporation	Newark	Ohio	0.97	39,132	40,359	1.59
166	BOK Financial Corporation	Tulsa	Okla.	0.97	166,421	172,035	1.34
167	First Horizon Corporation	Memphis	Tenn.	0.97	308,060	319,169	1.41
168	The Charles Schwab Corporation	Westlake	Tex.	0.96	1,265,000	1,315,000	0.89
169	Webster Financial Corporation	Waterbury	Conn.	0.96	94,035	97,772	1.12
170	Umpqua Holdings Corporation	Portland	Ore.	0.96	116,143	121,031	1.54
171	Flushing Financial Corporation	Uniondale	N.Y.	0.96	19,258	20,075	0.93
172	M&T Bank Corporation	Buffalo	N.Y.	0.96	458,069	479,134	1.22
173	Chemung Financial Corporation	Elmira	N.Y.	0.95	6,795	7,126	1.11
174	NBT Bancorp Inc.	Norwich	N.Y.	0.94	40,296	42,671	1.39
175	Stockman Financial Corporation	Miles City	Mont.	0.94	18,289	19,368	1.43
176	Frandsen Financial Corporation	Arden Hills	Minn.	0.94	11,098	11,801	1.72
177	National Consumer Cooperative Bank	Arlington	Va.	0.94	15,355	16,340	1.98
178	TriState Capital Holdings, Inc.	Pittsburgh	Pa.	0.93	18,780	20,166	0.69
179	Bremer Financial Corporation	Saint Paul	Minn.	0.93	53,060	57,017	1.34
180	U.S. Bancorp	Minneapolis	Minn.	0.93	1,982,000	2,135,000	1.44
181	Arvest Bank Group, Inc.	Bentonville	Ark.	0.92	129,730	140,970	1.98
182	Valley View Bancshares, Inc.	Overland Park	Kan.	0.91	8,511	9,304	0.93
183	Midland States Bancorp, Inc.	Effingham	Ill.	0.91	20,124	22,071	1.19
184	PeoplesBancorp, MHC	Holyoke	Mass.	0.91	8,732	9,591	1.01
185	QNB Corp.	Quakertown	Pa.	0.89	3,869	4,342	0.98
186	Northwest Bancshares, Inc.	Warren	Pa.	0.89	48,967	55,309	1.34
187	Century Bancorp, Inc.	Medford	Mass.	0.88	10,823	12,284	0.59
188	United Services Automobile Association	San Antonio	Tex.	0.88	1,400,798	1,591,239	2.72
189	Independent Bank Corp.	Rockland	Mass.	0.87	37,572	42,947	1.08
190	Southern BancShares (N.C.), Inc.	Mount Olive	N.C.	0.87	11,756	13,565	1.12
191	Old National Bancorp	Evansville	Ind.	0.86	62,786	72,640	1.06
192	Central Bancompany, Inc.	Jefferson City	Mo.	0.86	58,310	67,598	1.21
193	Broadway Bancshares, Inc.	San Antonio	Tex.	0.86	15,821	18,374	1.26
194	Orrstown Financial Services, Inc.	Shippensburg	Pa.	0.86	8,776	10,212	1.20
195	First Busey Corporation	Champaign	Ill.	0.85	29,766	34,889	1.04
196	Associated Banc-Corp	Green Bay	Wis.	0.85	91,006	106,994	1.06
197	HomeStreet, Inc.	Seattle	Wash.	0.85	29,157	34,404	1.60
198	Texas Capital Bancshares, Inc.	Dallas	Tex.	0.85	73,481	86,780	0.76
199	First State Bancshares, Inc.	Farmington	Mo.	0.84	12,039	14,257	1.34
200	Cambridge Bancorp	Cambridge	Mass.	0.84	13,944	16,629	1.32

Note: Only domestic holding companies that file Y-9C reports are included. Based on Y-9C filings by top tier bank holding companies with the Federal Reserve.

Figures for prior periods are not adjusted for mergers and acquisitions. Rankings include only companies current as of Oct. 15, 2021.

Source:

https://www.spglobal.com/en/