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

July 19, 2021, 2:12 p.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	Beal Financial Corporation	Plano	Tex.	24.70	$259,298	$10,498	12.73
2	Lauritzen Corporation	Omaha	Neb.	4.36	53,452	12,254	12.22
3	Southern BancShares (N.C.), Inc.	Mount Olive	N.C.	4.27	55,790	13,078	5.68
4	United National Corporation	Sioux Falls	S.D.	3.88	209,227	53,873	20.86
5	ServisFirst Bancshares, Inc.	Birmingham	Ala.	3.31	51,455	15,543	1.70
6	Pedcor Capital, LLC	Carmel	Ind.	3.20	8,788	2,748	5.54
7	Discover Financial Services	Riverwoods	Ill.	3.11	1,593,026	512,257	5.61
8	NexBank Capital, Inc.	Dallas	Tex.	2.99	28,533	9,554	1.19
9	1867 Western Financial Corporation	Stockton	Calif.	2.96	35,018	11,842	3.41
10	John Deere Capital Corporation	Reno	Nev.	2.93	176,722	60,373	1.77
11	Merchants Bancorp	Carmel	Ind.	2.92	61,983	21,237	2.49
12	Pedcor Financial, LLC	Carmel	Ind.	2.65	10,118	3,818	2.51
13	Amboy Bancorporation	Old Bridge	N.J.	2.57	12,548	4,881	1.88
14	Synchrony Financial	Stamford	Conn.	2.45	1,025,000	419,000	4.25
15	Midland Financial Co.	Oklahoma City	Okla.	2.39	193,627	81,117	2.51
16	Western Alliance Bancorporation	Phoenix	Ariz.	2.30	192,479	83,693	1.91
17	Cathay General Bancorp	Los Angeles	Calif.	2.24	73,384	32,722	1.54
18	Home Bancshares, Inc. (Conway, AR)	Conway	Ark.	2.18	91,602	42,059	2.19
19	CVB Financial Corp.	Ontario	Calif.	2.12	63,893	30,088	1.77
20	ConnectOne Bancorp, Inc.	Englewood Cliffs	N.J.	2.12	32,999	15,565	1.76
21	Industry Bancshares, Inc.	Industry	Tex.	2.08	19,894	9,573	1.58
22	Sandy Spring Bancorp, Inc.	Olney	Md.	2.06	75,464	36,653	2.36
23	Ally Financial Inc.	Detroit	Mich.	2.02	796,000	395,000	1.76
24	Eagle Bancorp, Inc.	Bethesda	Md.	2.00	43,469	21,769	1.51
25	CIT Group Inc.	New York	N.Y.	1.96	303,815	154,890	2.12
26	Olney Bancshares of Texas, Inc.	Olney	Tex.	1.92	18,544	9,664	2.07
27	East West Bancorp, Inc.	Pasadena	Calif.	1.90	204,994	107,974	1.48
28	PacWest Bancorp	Beverly Hills	Calif.	1.88	150,406	79,882	1.93
29	Premier Financial Corp.	Defiance	Ohio	1.87	40,996	21,944	2.23
30	New York Community Bancorp, Inc.	Westbury	N.Y.	1.87	145,596	78,026	1.04
31	Cadence Bancorporation	Houston	Tex.	1.86	106,425	57,070	2.27
32	Bank7 Corp.	Oklahoma City	Okla.	1.83	5,104	2,790	2.08
33	Luther Burbank Corporation	Santa Rosa	Calif.	1.81	18,411	10,186	1.05
34	Northfield Bancorp, Inc. (Staten Island, NY)	Woodbridge	N.J.	1.77	18,677	10,542	1.34
35	Inwood Bancshares, Inc.	Dallas	Tex.	1.73	15,351	8,854	1.69
36	Southside Bancshares, Inc.	Tyler	Tex.	1.70	34,091	20,044	2.00
37	International Bancshares Corporation	Laredo	Tex.	1.68	50,771	30,161	1.44
38	Capital One Financial Corporation	McLean	Va.	1.68	3,324,720	1,978,910	3.17
39	BankUnited, Inc.	Miami Lakes	Fla.	1.67	98,814	59,153	1.13
40	Prosperity Bancshares, Inc.	Houston	Tex.	1.67	133,309	80,037	1.54
41	Popular, Inc.	Hato Rey	P.R.	1.65	263,000	159,000	1.59
42	Lakeland Financial Corporation	Warsaw	Ind.	1.65	22,983	13,933	1.57
43	First Financial Bankshares, Inc.	Abilene	Tex.	1.62	56,918	35,034	2.06
44	Westamerica Bancorporation	San Rafael	Calif.	1.59	20,147	12,665	1.21
45	Hometown Community Bancorp, Inc.	Morton	Ill.	1.58	18,877	11,967	1.57
46	Capitol Federal Financial, Inc.	Topeka	Kan.	1.55	20,444	13,196	0.85
47	Sterling Bancorp	Pearl River	N.Y.	1.53	99,150	64,906	1.35
48	Customers Bancorp, Inc.	West Reading	Pa.	1.53	36,595	23,971	0.79
49	Ambank Company, Inc.	Sioux Center	Iowa	1.52	8,010	5,264	2.12
50	WesBanco, Inc.	Wheeling	W.Va.	1.51	73,115	48,268	1.76
51	Bridgewater Bancshares, Inc.	Saint Louis Park	Minn.	1.50	10,671	7,102	1.46
52	American National Bankshares Inc.	Danville	Va.	1.50	11,289	7,518	1.50
53	First American Bank Corporation	Elk Grove Village	Ill.	1.49	32,605	21,847	2.30
54	Meridian Bancorp, Inc.	Peabody	Mass.	1.48	24,320	16,402	1.46
55	Hills Bancorporation	Hills	Iowa	1.46	15,197	10,412	1.58
56	American Express Company	New York	N.Y.	1.44	2,235,000	1,550,000	4.65
57	Southern Missouri Bancorp, Inc.	Poplar Bluff	Mo.	1.44	11,458	7,968	1.70
58	Financial Institutions, Inc.	Warsaw	N.Y.	1.43	20,710	14,465	1.64
59	Silver Queen Financial Services, Inc.	Greenwood Village	Colo.	1.41	2,742	1,938	0.51
60	Community Trust Bancorp, Inc.	Pikeville	Ky.	1.40	23,618	16,833	1.81
61	Axos Financial, Inc.	Las Vegas	Nev.	1.40	53,646	38,433	1.52
62	Stockman Financial Corporation	Miles City	Mont.	1.39	24,628	17,701	2.00
63	Veritex Holdings, Inc.	Dallas	Tex.	1.39	31,787	22,932	1.43
64	First Commonwealth Financial Corporation	Indiana	Pa.	1.38	39,770	28,744	1.75
65	Provident Financial Services, Inc.	Jersey City	N.J.	1.38	48,560	35,310	1.49
66	Amarillo National Bancorp, Inc.	Amarillo	Tex.	1.37	31,057	22,604	1.77
67	Independent Bank Group, Inc.	McKinney	Tex.	1.37	59,980	43,659	1.35
68	Stock Yards Bancorp, Inc.	Louisville	Ky.	1.37	22,710	16,574	1.93
69	S&T Bancorp, Inc.	Indiana	Pa.	1.37	31,902	23,327	1.41
70	Camden National Corporation	Camden	Maine	1.36	19,740	14,522	1.61
71	RBB Bancorp	Los Angeles	Calif.	1.35	12,456	9,242	1.45
72	Meta Financial Group, Inc.	Sioux Falls	S.D.	1.34	59,067	43,932	2.22
73	First Community Bankshares, Inc.	Bluefield	Va.	1.34	14,603	10,884	1.92
74	JPMorgan Chase & Co.	New York	N.Y.	1.33	14,300,000	10,746,000	1.59
75	TriCo Bancshares	Chico	Calif.	1.33	33,649	25,330	1.72
76	Citigroup Inc.	New York	N.Y.	1.32	7,942,000	6,001,000	1.37
77	Glacier Bancorp, Inc.	Kalispell	Mont.	1.32	80,802	61,386	1.71
78	United Services Automobile Association	San Antonio	Tex.	1.32	1,909,034	1,450,690	3.79
79	Univest Financial Corporation	Souderton	Pa.	1.32	32,603	24,780	2.04
80	Valley National Bancorp	New York	N.Y.	1.31	115,710	88,103	1.14
81	First Hawaiian, Inc.	Honolulu	Hawaii	1.31	57,693	43,936	1.01
82	Great Western Bancorp, Inc.	Sioux Falls	S.D.	1.31	51,299	39,067	1.60
83	Pacific Premier Bancorp, Inc.	Irvine	Calif.	1.30	68,668	52,668	1.38
84	Ameris Bancorp	Atlanta	Ga.	1.30	124,962	95,985	2.41
85	Fremont Bancorporation	Fremont	Calif.	1.30	39,028	30,094	3.03
86	Pinnacle Bancorp, Inc.	Elkhorn	Neb.	1.29	63,775	49,379	1.68
87	American National Corporation	Omaha	Neb.	1.28	21,797	16,977	1.90
88	MidWestOne Financial Group, Inc.	Iowa City	Iowa	1.28	21,648	16,917	1.57
89	Seacoast Banking Corporation of Florida	Stuart	Fla.	1.28	33,719	26,373	1.59
90	First Merchants Corporation	Muncie	Ind.	1.27	49,469	38,811	1.39
91	Old National Bancorp	Evansville	Ind.	1.27	86,818	68,117	1.48
92	City Holding Company	Charleston	W.Va.	1.26	19,813	15,689	1.38
93	QNB Corp.	Quakertown	Pa.	1.26	5,050	4,017	1.38
94	Live Oak Bancshares, Inc.	Wilmington	N.C.	1.26	39,427	31,392	1.98
95	First Busey Corporation	Champaign	Ill.	1.24	37,816	30,384	1.43
96	Comerica Incorporated	Dallas	Tex.	1.24	350,000	282,000	1.66
97	WSFS Financial Corporation	Wilmington	Del.	1.23	65,082	52,837	1.83
98	United Community Banks, Inc.	Blairsville	Ga.	1.22	73,706	60,192	1.64
99	The PNC Financial Services Group, Inc.	Pittsburgh	Pa.	1.22	1,815,842	1,483,261	1.56
100	Pinnacle Financial Partners, Inc.	Nashville	Tenn.	1.22	125,428	102,668	1.45
101	United Bankshares, Inc.	Charleston	W.Va.	1.22	106,898	87,862	1.62
102	Independent Bank Corporation	Grand Rapids	Mich.	1.21	22,037	18,147	2.08
103	Horizon Bancorp, Inc.	Michigan City	Ind.	1.21	20,422	16,871	1.38
104	SVB Financial Group	Santa Clara	Calif.	1.21	536,814	444,923	1.72
105	Nicolet Bankshares, Inc.	Green Bay	Wis.	1.21	18,239	15,126	1.62
106	First Security Bancorp	Searcy	Ark.	1.21	31,453	26,088	1.72
107	Arrow Financial Corporation	Glens Falls	N.Y.	1.19	13,280	11,138	1.43
108	Equity Bancshares, Inc.	Wichita	Kan.	1.18	15,075	12,722	1.47
109	First Bancshares, Inc.	Merrillville	Ind.	1.18	20,576	17,425	1.44
110	First Bancorp Inc., Lebanon	Lebanon	Va.	1.17	9,890	8,429	1.65
111	OceanFirst Financial Corp.	Red Bank	N.J.	1.17	32,697	28,025	1.14
112	Origin Bancorp, Inc.	Ruston	La.	1.17	25,513	21,892	1.39
113	Regions Financial Corporation	Birmingham	Ala.	1.17	642,000	551,000	1.76
114	Synovus Financial Corp.	Columbus	Ga.	1.16	187,093	161,477	1.38
115	Investors Bancorp, Inc.	Short Hills	N.J.	1.16	72,276	62,439	1.11
116	Southern First Bancshares, Inc.	Greenville	S.C.	1.16	10,366	8,964	1.66
117	First Bancorp	Southern Pines	N.C.	1.14	28,194	24,705	1.51
118	Huntington Bancshares Incorporated	Columbus	Ohio	1.14	532,292	466,925	1.73
119	Heritage Financial Corporation	Olympia	Wash.	1.14	25,344	22,255	1.50
120	TrustCo Bank Corp NY	Glenville	N.Y.	1.13	14,082	12,425	0.95
121	The Goldman Sachs Group, Inc.	New York	N.Y.	1.13	6,836,000	6,043,000	2.19
122	Lakeland Bancorp, Inc.	Oak Ridge	N.J.	1.13	23,175	20,518	1.21
123	BOU Bancorp, Inc.	Ogden	Utah	1.13	9,527	8,448	1.97
124	The First of Long Island Corporation	Glen Head	N.Y.	1.12	11,267	10,070	1.10
125	1st Source Corporation	South Bend	Ind.	1.12	28,105	25,196	1.53
126	First Internet Bancorp	Fishers	Ind.	1.11	10,450	9,374	1.00
127	Citizens Financial Group, Inc.	Providence	R.I.	1.11	611,309	549,173	1.34
128	Great Southern Bancorp, Inc.	Springfield	Mo.	1.11	18,868	17,074	1.38
129	Guaranty Bancshares, Inc.	Addison	Tex.	1.10	10,962	9,943	1.59
130	German American Bancorp, Inc.	Jasper	Ind.	1.10	19,557	17,805	1.55
131	First BanCorp.	Santurce	P.R.	1.09	61,150	56,022	1.28
132	Landmark Bancorp, Inc.	Manhattan	Kan.	1.09	5,367	4,941	1.76
133	BancFirst Corporation	Oklahoma City	Okla.	1.07	42,520	39,577	1.67
134	Park National Corporation	Newark	Ohio	1.07	42,831	40,097	1.79
135	HBT Financial, Inc.	Bloomington	Ill.	1.06	15,245	14,318	1.63
136	Atlantic Union Bankshares Corporation	Richmond	Va.	1.06	56,189	52,788	1.14
137	Education Loan Finance, Inc.	Farragut	Tenn.	1.06	7,560	7,122	0.84
138	Stearns Financial Services, Inc.	Saint Cloud	Minn.	1.05	12,567	11,922	2.06
139	Simmons First National Corporation	Pine Bluff	Ark.	1.05	67,420	64,019	1.19
140	Hope Bancorp, Inc.	Los Angeles	Calif.	1.05	43,687	41,644	1.02
141	South State Corporation	Winter Haven	Fla.	1.05	146,949	140,361	1.54
142	Bank of Hawaii Corporation	Honolulu	Hawaii	1.05	59,949	57,337	1.14
143	U.S. Bancorp	Minneapolis	Minn.	1.04	2,280,000	2,187,000	1.67
144	The Charles Schwab Corporation	Westlake	Tex.	1.04	1,484,000	1,427,000	1.06
145	Washington Federal, Inc.	Seattle	Wash.	1.04	44,871	43,167	0.93
146	First Foundation Inc.	Dallas	Tex.	1.04	22,355	21,526	1.24
147	Independent Bank Corp.	Rockland	Mass.	1.04	41,711	40,196	1.25
148	The First Bancshares, Inc.	Hattiesburg	Miss.	1.04	16,644	16,054	1.25
149	Ida Grove Bancshares, Inc.	Ida Grove	Iowa	1.03	6,293	6,096	1.32
150	Chesapeake Financial Shares, Inc.	Kilmarnock	Va.	1.03	5,263	5,130	1.74
151	Brookline Bancorp, Inc.	Boston	Mass.	1.02	26,454	25,821	1.21
152	Commerce Bancshares, Inc.	Kansas City	Mo.	1.02	130,972	129,033	1.62
153	South Central Bancshares of Kentucky, Inc.	Glasgow	Ky.	1.01	5,186	5,119	1.38
154	The Bancorp, Inc.	Wilmington	Del.	1.01	25,965	25,657	1.54
155	Byline Bancorp, Inc.	Chicago	Ill.	1.01	21,798	21,628	1.33
156	Webster Financial Corporation	Waterbury	Conn.	1.00	108,078	107,701	1.31
157	Primis Financial Corp.	McLean	Va.	1.00	9,383	9,372	1.17
158	Orrstown Financial Services, Inc.	Shippensburg	Pa.	1.00	10,207	10,197	1.45
159	Columbia Banking System, Inc.	Tacoma	Wash.	1.00	51,853	51,818	1.23
160	KeyCorp	Cleveland	Ohio	1.00	621,819	623,532	1.44
161	National Consumer Cooperative Bank	Arlington	Va.	0.99	16,684	16,815	2.18
162	Hanmi Financial Corporation	Los Angeles	Calif.	0.99	16,659	16,820	1.07
163	Enterprise Financial Services Corp	Clayton	Mo.	0.99	29,926	30,325	1.21
164	Cullen/Frost Bankers, Inc.	San Antonio	Tex.	0.99	116,015	117,641	1.10
165	Frandsen Financial Corporation	Arden Hills	Minn.	0.98	10,569	10,808	1.70
166	Fifth Third Bancorp	Cincinnati	Ohio	0.98	693,756	709,704	1.38
167	Salem Five Bancorp	Salem	Mass.	0.98	20,039	20,547	1.42
168	CNB Financial Corporation	Clearfield	Pa.	0.97	14,181	14,573	1.19
169	Bank of Marin Bancorp	Novato	Calif.	0.97	8,947	9,208	1.20
170	Kearny Financial Corp.	Fairfield	N.J.	0.97	16,423	16,944	0.90
171	Watford City Bancshares, Inc.	Watford City	N.D.	0.97	18,465	19,090	1.75
172	Canandaigua National Corporation	Canandaigua	N.Y.	0.96	13,154	13,688	1.42
173	215 Holding Co.	Minneapolis	Minn.	0.96	3,265	3,400	1.34
174	NBT Bancorp Inc.	Norwich	N.Y.	0.96	39,846	41,601	1.44
175	Chemung Financial Corporation	Elmira	N.Y.	0.96	6,530	6,830	1.11
176	Washington Trust Bancorp, Inc.	Westerly	R.I.	0.95	20,471	21,576	1.44
177	Mercantile Bank Corporation	Grand Rapids	Mich.	0.94	14,239	15,094	1.25
178	Triumph Bancorp, Inc.	Dallas	Tex.	0.94	33,923	35,980	2.26
179	First Interstate BancSystem, Inc.	Billings	Mont.	0.94	51,396	54,580	1.15
180	Citizens Bancorp Investment, Inc.	Lafayette	Tenn.	0.94	4,558	4,850	1.34
181	OFG Bancorp	San Juan	P.R.	0.94	30,373	32,458	1.22
182	VeraBank, Inc.	Henderson	Tex.	0.93	10,688	11,508	1.42
183	Central Bancompany, Inc.	Jefferson City	Mo.	0.93	62,862	67,923	1.36
184	Community Bank System, Inc.	Onondaga	N.Y.	0.92	52,792	57,632	1.50
185	RCB Holding Company, Inc.	Claremore	Okla.	0.91	12,151	13,298	1.31
186	Civista Bancshares, Inc.	Sandusky	Ohio	0.91	10,758	11,782	1.34
187	Tompkins Financial Corporation	Ithaca	N.Y.	0.91	25,626	28,144	1.31
188	Central Pacific Financial Corp.	Honolulu	Hawaii	0.91	18,038	19,827	1.07
189	Associated Banc-Corp	Green Bay	Wis.	0.91	94,301	104,026	1.12
190	Midland States Bancorp, Inc.	Effingham	Ill.	0.90	18,538	20,528	1.10
191	Hancock Whitney Corporation	Gulfport	Miss.	0.90	107,172	119,615	1.26
192	Heartland BancCorp	Whitehall	Ohio	0.89	4,618	5,185	1.20
193	Republic Bancorp, Inc.	Louisville	Ky.	0.89	26,053	29,272	1.65
194	CrossFirst Bankshares, Inc.	Leawood	Kan.	0.89	12,035	13,553	0.84
195	Heartland Financial USA, Inc.	Dubuque	Iowa	0.89	52,814	59,596	1.18
196	Fulton Financial Corporation	Lancaster	Pa.	0.88	73,062	82,586	1.12
197	Century Bancorp, Inc.	Medford	Mass.	0.88	10,770	12,229	0.60
198	F.N.B. Corporation	Pittsburgh	Pa.	0.87	93,235	107,158	0.99
199	Umpqua Holdings Corporation	Portland	Ore.	0.87	107,737	124,030	1.47
200	People's United Financial, Inc.	Bridgeport	Conn.	0.86	144,529	167,250	0.90

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 Jul. 16, 2021.

Source:

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