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

January 18, 2022, 11:58 a.m. EST 1 Min Read

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Rank	Company	City	State	Multiple	Net income (loss)	Salary and benefits	Return on average assets
1	Farmers & Merchants Bancorp	Lodi	Calif.	19.58	$17,503	$894	1.39
2	Education Loan Finance, Inc.	Farragut	Tenn.	19.34	136,866	7,077	13.13
3	Beal Financial Corporation	Plano	Tex.	18.52	270,559	14,608	14.85
4	Lauritzen Corporation	Omaha	Neb.	4.86	55,098	11,341	11.72
5	Customers Bancorp, Inc.	West Reading	Pa.	4.42	116,042	26,268	2.35
6	NexBank Capital, Inc.	Dallas	Tex.	3.74	29,593	7,912	1.22
7	Sterling Bancorp, Inc. (Southfield, MI)	Southfield	Mich.	3.58	9,556	2,667	1.17
8	United National Corporation	Sioux Falls	S.D.	3.32	169,346	50,970	15.96
9	Amboy Bancorporation	Old Bridge	N.J.	3.23	15,449	4,780	2.29
10	John Deere Capital Corporation	Reno	Nev.	3.16	183,193	57,985	1.70
11	ServisFirst Bancshares, Inc.	Birmingham	Ala.	2.92	52,499	17,995	1.51
12	Merchants Bancorp	Carmel	Ind.	2.91	58,503	20,074	2.29
13	Inwood Bancshares, Inc.	Dallas	Tex.	2.68	17,648	6,586	1.75
14	Synchrony Financial	Stamford	Conn.	2.64	1,141,000	432,000	4.96
15	Luther Burbank Corporation	Santa Rosa	Calif.	2.62	24,743	9,435	1.34
16	Midland Financial Co.	Oklahoma City	Okla.	2.28	183,923	80,756	2.36
17	Industry Bancshares, Inc.	Industry	Tex.	2.22	21,046	9,471	1.59
18	Discover Financial Services	Riverwoods	Ill.	2.22	1,091,683	492,780	4.02
19	Cathay General Bancorp	Los Angeles	Calif.	2.17	72,397	33,437	1.46
20	East West Bancorp, Inc.	Pasadena	Calif.	2.13	225,449	105,931	1.47
21	Bank7 Corp.	Oklahoma City	Okla.	2.13	6,264	2,946	2.38
22	Eagle Bancorp, Inc.	Bethesda	Md.	1.97	43,609	22,145	1.48
23	Olney Bancshares of Texas, Inc.	Olney	Tex.	1.96	20,218	10,339	2.18
24	New York Community Bancorp, Inc.	Westbury	N.Y.	1.94	148,792	76,839	1.04
25	ConnectOne Bancorp, Inc.	Englewood Cliffs	N.J.	1.92	32,097	16,740	1.64
26	Westamerica Bancorporation	San Rafael	Calif.	1.87	22,063	11,813	1.23
27	Ameriprise Financial, Inc.	Minneapolis	Minn.	1.85	1,031,174	556,118	2.44
28	Ally Financial Inc.	Detroit	Mich.	1.83	712,000	390,000	1.59
29	Lakeland Financial Corporation	Warsaw	Ind.	1.82	24,119	13,288	1.58
30	Hometown Community Bancorp, Inc.	Morton	Ill.	1.81	22,850	12,613	1.84
31	International Bancshares Corporation	Laredo	Tex.	1.79	54,600	30,553	1.41
32	Western Alliance Bancorporation	Phoenix	Ariz.	1.78	236,932	133,463	1.85
33	Home Bancshares, Inc. (Conway, AR)	Conway	Ark.	1.77	74,992	42,469	1.70
34	RBB Bancorp	Los Angeles	Calif.	1.75	15,364	8,771	1.55
35	Berkshire Hills Bancorp, Inc.	Boston	Mass.	1.73	63,749	36,763	2.14
36	The Goldman Sachs Group, Inc.	New York	N.Y.	1.70	5,378,000	3,167,000	1.53
37	Pacific Premier Bancorp, Inc.	Irvine	Calif.	1.69	90,088	53,439	1.74
38	CVB Financial Corp.	Ontario	Calif.	1.65	49,753	30,117	1.27
39	Prosperity Bancshares, Inc.	Houston	Tex.	1.64	128,590	78,412	1.41
40	Southern First Bancshares, Inc.	Greenville	S.C.	1.61	14,018	8,719	2.05
41	Veritex Holdings, Inc.	Dallas	Tex.	1.60	36,835	22,964	1.58
42	First Foundation Inc.	Dallas	Tex.	1.60	37,226	23,239	1.83
43	First Financial Bankshares, Inc.	Abilene	Tex.	1.59	58,928	37,147	1.95
44	Popular, Inc.	Hato Rey	P.R.	1.58	248,000	157,000	1.35
45	Northfield Bancorp, Inc. (Staten Island, NY)	Woodbridge	N.J.	1.56	16,080	10,337	1.19
46	Metropolitan Bank Holding Corp.	New York	N.Y.	1.53	16,215	10,564	1.10
47	Amarillo National Bancorp, Inc.	Amarillo	Tex.	1.53	34,099	22,219	1.84
48	Capital One Financial Corporation	McLean	Va.	1.53	3,103,435	2,033,079	2.93
49	Stearns Financial Services, Inc.	Saint Cloud	Minn.	1.52	20,930	13,740	3.53
50	BankUnited, Inc.	Miami Lakes	Fla.	1.52	86,941	57,089	0.97
51	First BanCorp.	Santurce	P.R.	1.52	75,678	49,719	1.44
52	Southern Missouri Bancorp, Inc.	Poplar Bluff	Mo.	1.52	12,746	8,383	1.87
53	Sterling Bancorp	Pearl River	N.Y.	1.50	95,671	63,988	1.32
54	Axos Financial, Inc.	Las Vegas	Nev.	1.48	60,212	40,621	1.66
55	Southside Bancshares, Inc.	Tyler	Tex.	1.48	29,306	19,777	1.66
56	City Holding Company	Charleston	W.Va.	1.48	22,730	15,344	1.53
57	Sandy Spring Bancorp, Inc.	Olney	Md.	1.47	56,976	38,654	1.77
58	Ida Grove Bancshares, Inc.	Ida Grove	Iowa	1.43	9,255	6,466	1.89
59	PacWest Bancorp	Beverly Hills	Calif.	1.43	139,996	98,061	1.57
60	First Bancorp Inc., Lebanon	Lebanon	Va.	1.41	12,313	8,705	1.87
61	Hanmi Financial Corporation	Los Angeles	Calif.	1.41	26,565	18,795	1.60
62	TrustCo Bank Corp NY	Glenville	N.Y.	1.41	16,763	11,909	1.09
63	Great Western Bancorp, Inc.	Sioux Falls	S.D.	1.39	51,892	37,278	1.60
64	Atlantic Union Bankshares Corporation	Richmond	Va.	1.39	74,565	53,610	1.49
65	Bridgewater Bancshares, Inc.	Saint Louis Park	Minn.	1.39	11,509	8,309	1.39
66	First Hawaiian, Inc.	Honolulu	Hawaii	1.38	64,279	46,484	1.03
67	215 Holding Co.	Minneapolis	Minn.	1.38	4,681	3,401	1.93
68	CrossFirst Bankshares, Inc.	Leawood	Kan.	1.36	21,000	15,399	1.56
69	First Security Bancorp	Searcy	Ark.	1.36	36,090	26,634	1.76
70	FirstBank Holding Company	Lakewood	Colo.	1.32	79,644	60,349	1.18
71	First Internet Bancorp	Fishers	Ind.	1.31	12,090	9,205	1.13
72	Dime Community Bancshares, Inc.	Hauppauge	N.Y.	1.31	38,395	29,348	1.22
73	Valley National Bancorp	New York	N.Y.	1.30	122,580	93,992	1.18
74	Hills Bancorporation	Hills	Iowa	1.29	13,125	10,154	1.31
75	Ambank Company, Inc.	Sioux Center	Iowa	1.29	7,094	5,493	1.89
76	Capitol Federal Financial, Inc.	Topeka	Kan.	1.29	18,553	14,390	0.77
77	JPMorgan Chase & Co.	New York	N.Y.	1.28	11,687,000	9,108,000	1.26
78	OFG Bancorp	San Juan	P.R.	1.25	41,671	33,313	1.59
79	German American Bancorp, Inc.	Jasper	Ind.	1.24	21,486	17,274	1.59
80	American National Bankshares Inc.	Danville	Va.	1.24	10,178	8,185	1.28
81	Simmons First National Corporation	Pine Bluff	Ark.	1.24	80,574	64,863	1.39
82	Stockman Financial Corporation	Miles City	Mont.	1.23	24,034	19,550	1.80
83	United Community Banks, Inc.	Blairsville	Ga.	1.22	73,815	60,281	1.53
84	Flushing Financial Corporation	Uniondale	N.Y.	1.22	25,413	20,797	1.26
85	Horizon Bancorp, Inc.	Michigan City	Ind.	1.22	23,071	18,901	1.42
86	American Express Company	New York	N.Y.	1.22	1,826,000	1,497,000	3.95
87	First Merchants Corporation	Muncie	Ind.	1.22	52,770	43,314	1.41
88	Pinnacle Financial Partners, Inc.	Nashville	Tenn.	1.22	136,577	112,302	1.53
89	Premier Financial Corp.	Defiance	Ohio	1.21	28,360	23,344	1.51
90	1st Source Corporation	South Bend	Ind.	1.20	32,483	26,974	1.67
91	Live Oak Bancshares, Inc.	Wilmington	N.C.	1.20	33,838	28,233	1.64
92	South Central Bancshares of Kentucky, Inc.	Glasgow	Ky.	1.20	6,521	5,444	1.69
93	First Community Bankshares, Inc.	Bluefield	Va.	1.18	12,606	10,646	1.60
94	The Charles Schwab Corporation	Westlake	Tex.	1.17	1,526,000	1,300,000	1.02
95	The First of Long Island Corporation	Glen Head	N.Y.	1.17	11,422	9,748	1.09
96	Origin Bancorp, Inc.	Ruston	La.	1.17	26,978	23,106	1.45
97	Hope Bancorp, Inc.	Los Angeles	Calif.	1.17	55,499	47,568	1.25
98	Synovus Financial Corp.	Columbus	Ga.	1.16	186,773	160,364	1.35
99	Regions Financial Corporation	Birmingham	Ala.	1.16	651,000	559,000	1.68
100	Hancock Whitney Corporation	Gulfport	Miss.	1.16	129,581	111,978	1.48
101	Glacier Bancorp, Inc.	Kalispell	Mont.	1.15	75,619	65,749	1.44
102	Washington Federal, Inc.	Seattle	Wash.	1.15	52,371	45,582	1.07
103	Great Southern Bancorp, Inc.	Springfield	Mo.	1.15	20,364	17,775	1.47
104	United Bankshares, Inc.	Charleston	W.Va.	1.14	92,152	80,591	1.34
105	Arrow Financial Corporation	Glens Falls	N.Y.	1.14	12,989	11,377	1.33
106	First Bancshares, Inc.	Merrillville	Ind.	1.14	21,670	19,079	1.47
107	The Bancorp, Inc.	Wilmington	Del.	1.13	28,261	25,094	1.78
108	Independent Bank Group, Inc.	McKinney	Tex.	1.12	52,340	46,572	1.12
109	Community Trust Bancorp, Inc.	Pikeville	Ky.	1.12	21,142	18,853	1.55
110	QCR Holdings, Inc.	Moline	Ill.	1.12	31,565	28,207	2.12
111	Fifth Third Bancorp	Cincinnati	Ohio	1.12	704,115	631,418	1.38
112	Investors Bancorp, Inc.	Short Hills	N.J.	1.11	66,934	60,208	0.99
113	First Bancorp	Southern Pines	N.C.	1.10	27,643	25,098	1.33
114	Heritage Commerce Corp	San Jose	Calif.	1.10	13,718	12,461	1.07
115	Pinnacle Bancorp, Inc.	Elkhorn	Neb.	1.10	51,460	46,922	1.23
116	S&T Bancorp, Inc.	Indiana	Pa.	1.09	27,598	25,228	1.17
117	First Commonwealth Financial Corporation	Indiana	Pa.	1.09	34,092	31,205	1.44
118	Financial Institutions, Inc.	Warsaw	N.Y.	1.09	17,175	15,798	1.28
119	Bank of Hawaii Corporation	Honolulu	Hawaii	1.08	62,053	57,565	1.08
120	Stock Yards Bancorp, Inc.	Louisville	Ky.	1.07	23,162	21,600	1.51
121	BOK Financial Corporation	Tulsa	Okla.	1.07	188,322	175,863	1.53
122	Valley View Bancshares, Inc.	Overland Park	Kan.	1.07	9,771	9,164	1.04
123	F.N.B. Corporation	Pittsburgh	Pa.	1.06	111,513	104,777	1.15
124	Kearny Financial Corp.	Fairfield	N.J.	1.06	19,714	18,573	1.09
125	Brookline Bancorp, Inc.	Boston	Mass.	1.06	28,839	27,206	1.38
126	Central Bancompany, Inc.	Jefferson City	Mo.	1.05	67,456	64,280	1.39
127	TriCo Bancshares	Chico	Calif.	1.04	27,422	26,274	1.31
128	Lakeland Bancorp, Inc.	Oak Ridge	N.J.	1.04	22,289	21,478	1.11
129	Citizens Financial Group, Inc.	Providence	R.I.	1.04	529,220	510,113	1.14
130	Ameris Bancorp	Atlanta	Ga.	1.03	81,680	79,671	1.48
131	WSFS Financial Corporation	Wilmington	Del.	1.02	54,406	53,207	1.44
132	American National Corporation	Omaha	Neb.	1.02	16,319	15,979	1.44
133	First Financial Corporation	Terre Haute	Ind.	1.02	16,098	15,771	1.34
134	HBT Financial, Inc.	Bloomington	Ill.	1.02	13,715	13,488	1.39
135	Old National Bancorp	Evansville	Ind.	1.01	71,746	71,005	1.20
136	KeyCorp	Cleveland	Ohio	1.01	646,196	640,166	1.42
137	Wilson Bank Holding Company	Lebanon	Tenn.	1.00	13,342	13,301	1.43
138	The First Bancshares, Inc.	Hattiesburg	Miss.	0.99	16,132	16,243	1.17
139	Provident Financial Services, Inc.	Jersey City	N.J.	0.99	37,269	37,551	1.11
140	Byline Bancorp, Inc.	Chicago	Ill.	0.99	25,306	25,661	1.55
141	First Financial Bancorp.	Cincinnati	Ohio	0.97	60,012	61,717	1.50
142	TriState Capital Holdings, Inc.	Pittsburgh	Pa.	0.97	20,016	20,610	0.69
143	CNB Financial Corporation	Clearfield	Pa.	0.97	14,907	15,351	1.15
144	M&T Bank Corporation	Buffalo	N.Y.	0.97	495,460	510,422	1.29
145	Banner Corporation	Walla Walla	Wash.	0.97	49,884	51,511	1.22
146	Columbia Banking System, Inc.	Tacoma	Wash.	0.97	53,020	54,786	1.16
147	CBTX, Inc.	Houston	Tex.	0.96	14,421	15,000	1.38
148	National Consumer Cooperative Bank	Arlington	Va.	0.95	14,959	15,694	1.94
149	Mercantile Bank Corporation	Grand Rapids	Mich.	0.94	15,051	15,984	1.24
150	Independent Bank Corp.	Rockland	Mass.	0.94	40,007	42,522	1.12
151	MidWestOne Financial Group, Inc.	Iowa City	Iowa	0.94	16,311	17,350	1.13
152	Bar Harbor Bankshares	Bar Harbor	Maine	0.94	11,028	11,742	1.18
153	Banc of California, Inc.	Santa Ana	Calif.	0.94	23,170	24,744	1.14
154	Heritage Financial Corporation	Olympia	Wash.	0.94	20,592	22,001	1.15
155	Southern BancShares (N.C.), Inc.	Mount Olive	N.C.	0.93	12,841	13,797	1.17
156	First State Bancshares, Inc.	Farmington	Mo.	0.93	12,839	13,796	1.41
157	Comerica Incorporated	Dallas	Tex.	0.93	262,000	282,000	1.15
158	U.S. Bancorp	Minneapolis	Minn.	0.93	2,028,000	2,183,000	1.47
159	Commerce Bancshares, Inc.	Kansas City	Mo.	0.92	122,561	132,824	1.43
160	Umpqua Holdings Corporation	Portland	Ore.	0.92	108,066	117,220	1.41
161	Heartland Financial USA, Inc.	Dubuque	Iowa	0.92	55,924	60,689	1.20
162	Camden National Corporation	Camden	Maine	0.92	14,640	15,902	1.09
163	BancFirst Corporation	Oklahoma City	Okla.	0.92	38,750	42,267	1.38
164	Fulton Financial Corporation	Lancaster	Pa.	0.91	75,584	82,679	1.15
165	Webster Financial Corporation	Waterbury	Conn.	0.91	95,713	105,299	1.10
166	VeraBank, Inc.	Henderson	Tex.	0.90	9,835	10,882	1.16
167	Chemung Financial Corporation	Elmira	N.Y.	0.90	6,645	7,380	1.10
168	SouthState Corporation	Winter Haven	Fla.	0.90	122,788	136,969	1.21
169	Bank of America Corporation	Charlotte	N.C.	0.88	7,691,000	8,692,000	1.00
170	Park National Corporation	Newark	Ohio	0.88	35,434	40,073	1.41
171	Central Pacific Financial Corp.	Honolulu	Hawaii	0.88	20,815	23,566	1.16
172	Midland States Bancorp, Inc.	Effingham	Ill.	0.88	19,548	22,175	1.16
173	Landmark Bancorp, Inc.	Manhattan	Kan.	0.88	4,517	5,132	1.44
174	Cullen/Frost Bankers, Inc.	San Antonio	Tex.	0.88	107,975	122,724	0.93
175	Bremer Financial Corporation	Saint Paul	Minn.	0.88	47,831	54,588	1.19
176	First Midwest Bancorp, Inc.	Chicago	Ill.	0.88	54,863	62,686	1.00
177	Flagstar Bancorp, Inc.	Troy	Mich.	0.87	151,652	173,417	2.16
178	Carter Bankshares, Inc.	Martinsville	Va.	0.87	11,173	12,815	1.08
179	Hawthorn Bancshares, Inc.	Jefferson City	Mo.	0.87	5,796	6,665	1.34
180	First Mid Bancshares, Inc.	Mattoon	Ill.	0.87	18,326	21,083	1.25
181	The ANB Corporation	Terrell	Tex.	0.87	13,474	15,515	1.10
182	Equity Bancshares, Inc.	Wichita	Kan.	0.87	11,773	13,587	1.11
183	People's United Financial, Inc.	Bridgeport	Conn.	0.86	139,688	161,528	0.88
184	HomeStreet, Inc.	Seattle	Wash.	0.86	27,170	31,461	1.50
185	WesBanco, Inc.	Wheeling	W.Va.	0.86	44,408	51,457	1.04
186	First Interstate BancSystem, Inc.	Billings	Mont.	0.86	47,121	54,939	0.99
187	Allegiance Bancshares, Inc.	Houston	Tex.	0.86	19,060	22,238	1.18
188	NBT Bancorp Inc.	Norwich	N.Y.	0.85	37,433	44,190	1.28
189	Civista Bancshares, Inc.	Sandusky	Ohio	0.85	9,642	11,390	1.31
190	Dickinson Financial Corporation II	Kansas City	Mo.	0.85	15,069	17,819	1.75
191	Washington Trust Bancorp, Inc.	Westerly	R.I.	0.84	18,751	22,205	1.27
192	Guaranty Bancshares, Inc.	Addison	Tex.	0.84	9,253	10,998	1.26
193	Alpine Banks of Colorado	Glenwood Springs	Colo.	0.84	16,246	19,321	1.09
194	Amalgamated Financial Corp.	New York	N.Y.	0.83	14,416	17,450	0.87
195	Associated Banc-Corp	Green Bay	Wis.	0.82	88,810	107,880	1.02
196	Canandaigua National Corporation	Canandaigua	N.Y.	0.81	13,849	17,059	1.39
197	Fishback Financial Corporation	Brookings	S.D.	0.81	15,200	18,755	1.58
198	Cambridge Bancorp	Cambridge	Mass.	0.81	13,319	16,531	1.21
199	MB Mutual Holding Company	Manasquan	N.J.	0.80	4,889	6,116	0.76
200	1867 Western Financial Corporation	Stockton	Calif.	0.80	9,464	11,850	0.84

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 Jan. 14, 2022.

Source:

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