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Compensation Banks, thrifts and holding companies

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

August 12, 2019, 10:41 a.m. EDT 1 Min Read

Year to date through Mar. 31, 2019. Dollars in thousands.

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U.S. Bank Holding Companies with the Highest Multiples of Net Income to Salary and Benefits
Rank Company City State Multiple Net income (loss) Salary and benefits Return on average assets
1 State Bankshares, Inc. Fargo N.D. 7.68 $260,686 $33,938 $6,115,008
2 1867 Western Financial Corporation Stockton Calif. 4.73 51,415 10,863 3,188,509
3 Lauritzen Corporation Omaha Neb. 3.39 35,421 10,442 1,379,929
4 United National Corporation Sioux Falls S.D. 2.85 133,756 46,850 3,059,600
5 Synchrony Financial Stamford Conn. 2.76 1,111,000 402,000 105,384,000
6 ServisFirst Bancshares, Inc. Birmingham Ala. 2.45 35,010 14,265 8,310,836
7 Sterling Bancorp, Inc. Southfield Mich. 2.21 15,683 7,100 3,257,326
8 Amboy Bancorporation Old Bridge N.J. 2.18 11,864 5,436 2,265,134
9 Cathay General Bancorp Los Angeles Calif. 2.08 66,679 32,132 17,119,092
10 Capitol Federal Financial, Inc. Topeka Kan. 1.95 24,554 12,587 9,551,126
11 Oritani Financial Corp. Township of Washington N.J. 1.92 12,450 6,474 4,075,128
12 Lakeland Financial Corporation Warsaw Ind. 1.91 21,682 11,359 4,894,792
13 Home BancShares, Inc. Conway Ark. 1.89 71,350 37,836 15,179,501
14 First National Bancshares, Inc. East Lansing Mich. 1.84 12,576 6,819 2,005,152
15 John Deere Capital Corporation Reno Nev. 1.78 111,681 62,885 38,451,498
16 E*TRADE Financial Corporation New York N.Y. 1.77 289,918 163,984 67,517,898
17 Western Alliance Bancorporation Phoenix Ariz. 1.76 120,796 68,556 23,792,846
18 CVB Financial Corp. Ontario Calif. 1.74 51,642 29,721 11,304,957
19 NexBank Capital, Inc. Dallas Tex. 1.73 17,367 10,048 8,244,382
20 Discover Financial Services Riverwoods Ill. 1.68 726,090 432,816 110,720,477
21 Sterling Bancorp Montebello N.Y. 1.66 101,435 61,211 30,026,755
22 Prosperity Bancshares, Inc. Houston Tex. 1.61 82,402 51,073 22,362,841
23 East West Bancorp, Inc. Pasadena Calif. 1.60 164,024 102,482 42,091,433
24 PacWest Bancorp Beverly Hills Calif. 1.59 112,604 70,845 26,324,138
25 First Hawaiian, Inc. Honolulu Hawaii 1.56 69,924 44,860 20,441,136
26 Inwood Bancshares, Inc. Dallas Tex. 1.55 11,528 7,452 2,829,225
27 Washington Federal, Inc. Seattle Wash. 1.54 51,098 33,205 16,435,208
28 Westamerica Bancorporation San Rafael Calif. 1.50 19,646 13,108 5,568,883
29 Bridgewater Bancshares, Inc. Bloomington Minn. 1.46 7,018 4,802 2,048,111
30 Eagle Bancorp, Inc. Bethesda Md. 1.43 33,749 23,644 8,388,406
31 International Bancshares Corporation Laredo Tex. 1.43 51,906 36,409 12,027,705
32 City Holding Company Cross Lanes W.Va. 1.42 21,619 15,268 4,917,199
33 Industry Bancshares, Inc. Industry Tex. 1.41 12,771 9,071 4,210,474
34 First Financial Bankshares, Inc. Abilene Tex. 1.39 38,252 27,514 7,945,895
35 Valley National Bancorp Wayne N.J. 1.36 113,330 83,105 32,476,991
36 Heartland Bancorp, Inc. Bloomington Ill. 1.36 18,736 13,766 3,257,667
37 Pinnacle Financial Partners, Inc. Nashville Tenn. 1.34 93,960 70,376 25,557,858
38 Apple Financial Holdings, Inc. New York N.Y. 1.33 34,597 25,941 14,335,163
39 Hills Bancorporation Hills Iowa 1.32 11,203 8,512 3,227,865
40 United Bankshares, Inc. Charleston W.Va. 1.32 63,642 48,380 19,645,133
41 Great Western Bancorp, Inc. Sioux Falls S.D. 1.29 44,511 34,482 12,830,162
42 First-West Texas Bancshares, Inc. Midland Tex. 1.29 4,582 3,553 1,378,811
43 Comerica Incorporated Dallas Tex. 1.28 339,000 265,000 70,796,000
44 TrustCo Bank Corp NY Glenville N.Y. 1.27 14,558 11,451 5,155,247
45 Amarillo National Bancorp, Inc. Amarillo Tex. 1.25 21,578 17,206 5,313,222
46 Fifth Third Bancorp Cincinnati Ohio 1.25 774,976 618,302 167,853,328
47 Ida Grove Bancshares, Inc. Ida Grove Iowa 1.25 6,257 5,000 1,612,292
48 Merchants Bancorp Carmel Ind. 1.24 10,570 8,533 3,976,725
49 BOU Bancorp, Inc. Ogden Utah 1.23 9,047 7,345 1,412,529
50 Hometown Community Bancorp, Inc. Morton Ill. 1.23 13,818 11,240 3,784,802
51 SVB Financial Group Santa Clara Calif. 1.22 288,732 237,182 60,269,321
52 Luther Burbank Corporation Santa Rosa Calif. 1.20 12,010 10,016 6,992,016
53 New York Community Bancorp, Inc. Westbury N.Y. 1.20 97,577 81,440 52,131,045
54 Premier Financial Bancorp, Inc. Huntington W.Va. 1.19 6,176 5,199 1,728,465
55 Old Line Bancshares, Inc. Bowie Md. 1.19 8,504 7,161 3,077,246
56 INTRUST Financial Corporation Wichita Kan. 1.19 24,347 20,521 5,190,138
57 OFG Bancorp San Juan P.R. 1.18 23,470 19,895 6,603,191
58 Republic Bancorp, Inc. Louisville Ky. 1.18 29,516 25,076 5,365,768
59 First Security Bancorp Searcy Ark. 1.18 24,242 20,618 5,578,836
60 First Merchants Corporation Muncie Ind. 1.18 38,817 33,028 10,214,189
61 Popular, Inc. Hato Rey P.R. 1.17 168,000 143,000 48,681,000
62 Ally Financial Inc. Detroit Mich. 1.17 374,000 319,000 180,117,000
63 First of Long Island Corporation Glen Head N.Y. 1.17 10,841 9,258 4,222,676
64 Sandy Spring Bancorp, Inc. Olney Md. 1.17 30,317 25,976 8,327,900
65 United Services Automobile Association San Antonio Tex. 1.17 1,321,742 1,132,680 165,315,229
66 Stockman Financial Corporation Miles City Mont. 1.17 15,919 13,655 3,677,473
67 Axos Financial, Inc. San Diego Calif. 1.15 38,821 33,615 10,875,561
68 Pacific Premier Bancorp, Inc. Irvine Calif. 1.15 38,718 33,599 11,580,495
69 Midland Financial Co. Oklahoma City Okla. 1.15 76,689 66,817 19,356,953
70 Charles Schwab Corporation San Francisco Calif. 1.14 964,000 846,000 282,815,000
71 Great Southern Bancorp, Inc. Springfield Mo. 1.13 17,613 15,544 4,781,493
72 Heritage Commerce Corp San Jose Calif. 1.13 12,146 10,770 3,115,877
73 First BanCorp. San Juan P.R. 1.12 43,314 38,654 12,376,780
74 Camden National Corporation Camden Maine 1.10 14,273 12,978 4,421,189
75 S&T Bancorp, Inc. Indiana Pa. 1.10 22,928 20,910 7,229,262
76 LegacyTexas Financial Group, Inc. Plano Tex. 1.09 29,083 26,567 9,349,828
77 American Express Company New York N.Y. 1.09 1,550,000 1,422,000 197,187,000
78 Valley View Bancshares, Inc. Overland Park Kan. 1.09 9,925 9,113 3,029,359
79 Provident Financial Services, Inc. Jersey City N.J. 1.09 30,890 28,369 9,802,614
80 Carolina Financial Corporation Charleston S.C. 1.08 14,545 13,471 3,842,521
81 Texas Capital Bancshares, Inc. Dallas Tex. 1.07 82,839 77,231 28,383,179
82 Independent Bank Corp. Rockland Mass. 1.06 35,225 33,275 8,999,381
83 Ambank Company, Inc. Sioux Center Iowa 1.06 4,799 4,534 1,268,676
84 First Volunteer Corporation Chattanooga Tenn. 1.06 5,031 4,755 1,000,161
85 Southern BancShares (N.C.), Inc. Mount Olive N.C. 1.05 12,926 12,271 2,758,972
86 First Community Bankshares, Inc. Bluefield Va. 1.05 9,631 9,144 2,242,334
87 Southside Bancshares, Inc. Tyler Tex. 1.04 18,817 18,046 6,217,196
88 Stock Yards Bancorp, Inc. Louisville Ky. 1.04 15,641 15,012 3,283,637
89 Hope Bancorp, Inc. Los Angeles Calif. 1.04 42,758 41,056 15,398,789
90 Ameris Bancorp Moultrie Ga. 1.04 39,905 38,371 11,656,275
91 215 Holding Company Minneapolis Minn. 1.03 3,389 3,286 743,208
92 F.N.B. Corporation Pittsburgh Pa. 1.03 94,127 91,284 33,720,778
93 Bank of Hawaii Corporation Honolulu Hawaii 1.03 58,799 57,233 17,446,413
94 Webster Financial Corporation Waterbury Conn. 1.02 99,736 97,378 28,256,431
95 IBERIABANK Corporation Lafayette La. 1.02 100,131 98,296 31,260,189
96 American National Bankshares Inc. Danville Va. 1.02 6,003 5,894 1,868,404
97 BankUnited, Inc. Miami Lakes Fla. 1.01 65,972 65,010 32,702,976
98 German American Bancorp, Inc. Jasper Ind. 1.00 15,067 15,044 3,896,766
99 Seacoast Banking Corporation of Florida Stuart Fla. 1.00 22,705 22,712 6,783,389
100 JPMorgan Chase & Co. New York N.Y. 1.00 9,179,000 9,184,000 2,737,188,000
101 Washington Trust Bancorp, Inc. Westerly R.I. 0.99 17,495 17,648 5,156,042
102 Cullen/Frost Bankers, Inc. San Antonio Tex. 0.99 116,496 118,133 31,717,729
103 Civista Bancshares, Inc. Sandusky Ohio 0.99 9,669 9,805 2,277,702
104 WesBanco, Inc. Wheeling W.Va. 0.99 40,337 40,929 12,607,887
105 Central Bancompany, Inc. Jefferson City Mo. 0.99 50,626 51,395 13,410,897
106 Salem Five Bancorp Salem Mass. 0.98 16,862 17,222 5,025,554
107 FirstBank Holding Company Lakewood Colo. 0.98 64,725 66,333 19,104,821
108 Bridge Bancorp, Inc. Bridgehampton N.Y. 0.97 12,927 13,280 4,674,627
109 Southern Missouri Bancorp, Inc. Poplar Bluff Mo. 0.97 7,094 7,299 2,181,346
110 ConnectOne Bancorp, Inc. Englewood Cliffs N.J. 0.97 11,635 11,983 6,048,976
111 M&T Bank Corporation Buffalo N.Y. 0.97 482,742 499,200 120,025,205
112 OceanFirst Financial Corp. Toms River N.J. 0.96 21,173 22,107 8,098,782
113 First Financial Bancorp. Cincinnati Ohio 0.96 45,839 47,912 14,074,263
114 Meridian Bancorp, Inc. Peabody Mass. 0.95 15,071 15,858 6,281,628
115 Glacier Bancorp, Inc. Kalispell Mont. 0.95 49,132 51,851 12,073,779
116 First Bancorp Southern Pines N.C. 0.95 22,285 23,553 6,051,284
117 Brookline Bancorp, Inc. Boston Mass. 0.95 22,467 23,754 7,545,845
118 American National Corporation Omaha Neb. 0.95 12,790 13,533 3,741,600
119 1st Source Corporation South Bend Ind. 0.94 22,196 23,495 6,379,547
120 Cadence Bancorporation Houston Tex. 0.94 58,201 61,889 17,452,911
121 First Bancshares, Inc. Merrillville Ind. 0.94 15,139 16,132 4,512,190
122 Arrow Financial Corporation Glens Falls N.Y. 0.94 8,734 9,319 2,984,883
123 Dime Community Bancshares, Inc. Brooklyn N.Y. 0.94 11,501 12,276 6,475,302
124 Community Trust Bancorp, Inc. Pikeville Ky. 0.94 14,939 15,959 4,313,293
125 United Community Banks, Inc. Blairsville Ga. 0.93 44,262 47,374 12,508,442
126 CenterState Bank Corporation Winter Haven Fla. 0.93 44,643 48,208 12,587,637
127 First Internet Bancorp Fishers Ind. 0.92 5,696 6,193 3,670,176
128 Southern First Bancshares, Inc. Greenville S.C. 0.91 6,009 6,569 2,021,000
129 Huntington Bancshares Incorporated Columbus Ohio 0.91 357,668 392,964 108,203,287
130 Stearns Financial Services, Inc. Saint Cloud Minn. 0.91 12,787 14,079 2,216,748
131 Mercantile Bank Corporation Grand Rapids Mich. 0.91 11,823 13,033 3,551,754
132 TriCo Bancshares Chico Calif. 0.90 22,726 25,128 6,471,852
133 First Commonwealth Financial Corporation Indiana Pa. 0.90 24,589 27,298 7,972,673
134 Hanmi Financial Corporation Los Angeles Calif. 0.90 14,672 16,294 5,571,068
135 Pinnacle Bancorp, Inc. Omaha Neb. 0.90 35,797 39,814 11,278,499
136 U.S. Bancorp Minneapolis Minn. 0.90 1,699,000 1,892,000 475,775,000
137 QNB Corp. Quakertown Pa. 0.89 3,379 3,781 1,203,126
138 PNC Financial Services Group, Inc. Pittsburgh Pa. 0.89 1,260,961 1,420,912 392,853,923
139 CNB Financial Corporation Clearfield Pa. 0.89 9,473 10,680 3,287,324
140 Bank of America Corporation Charlotte N.C. 0.89 7,311,000 8,249,000 2,377,362,000
141 Columbia Banking System, Inc. Tacoma Wash. 0.88 45,871 52,001 13,064,436
142 TriState Capital Holdings, Inc. Pittsburgh Pa. 0.88 14,564 16,517 6,344,010
143 BancFirst Corporation Oklahoma City Okla. 0.88 31,837 36,171 7,709,349
144 Independent Bank Group, Inc. McKinney Tex. 0.88 37,131 42,380 14,145,383
145 Synovus Financial Corp. Columbus Ga. 0.86 120,186 139,427 46,630,026
146 Citizens Financial Group, Inc. Providence R.I. 0.86 439,265 511,338 161,724,204
147 Hawthorn Bancshares, Inc. Jefferson City Mo. 0.86 4,666 5,438 1,538,311
148 Red River Bancshares, Inc. Alexandria La. 0.86 5,696 6,640 1,922,118
149 Alpine Banks of Colorado Glenwood Springs Colo. 0.86 14,610 17,069 3,728,707
150 Century Bancorp, Inc. Medford Mass. 0.85 9,418 11,035 5,306,066
151 Capital One Financial Corporation McLean Va. 0.85 1,411,627 1,660,048 373,191,353
152 Citigroup Inc. New York N.Y. 0.83 4,710,000 5,657,000 1,958,413,000
153 First Bancorp, Inc. Lebanon Va. 0.83 6,085 7,329 1,862,726
154 First Interstate BancSystem, Inc. Billings Mont. 0.83 41,612 50,333 13,493,568
155 Simmons First National Corporation Pine Bluff Ark. 0.83 47,695 57,729 16,096,427
156 Financial Institutions, Inc. Warsaw N.Y. 0.82 11,521 14,001 4,302,541
157 First Defiance Financial Corp. Defiance Ohio 0.82 11,482 14,027 3,221,249
158 Nicolet Bankshares, Inc. Green Bay Wis. 0.82 10,267 12,553 3,041,091
159 Bank of Marin Bancorp Novato Calif. 0.82 7,479 9,146 2,534,076
160 CIT Group Inc. New York N.Y. 0.81 118,893 145,955 50,781,535
161 Regions Financial Corporation Birmingham Ala. 0.81 394,000 484,000 129,089,000
162 Lakeland Bancorp, Inc. Oak Ridge N.J. 0.81 15,626 19,231 6,366,400
163 Central Pacific Financial Corp. Honolulu Hawaii 0.81 16,037 19,889 5,841,352
164 Farmers & Merchants Bancorp Lodi Calif. 0.80 13,549 16,857 3,396,127
165 BTC Financial Corporation Des Moines Iowa 0.80 13,934 17,340 4,585,744
166 First Mid Bancshares, Inc. Mattoon Ill. 0.80 13,316 16,572 3,897,996
167 Wilson Bank Holding Company Lebanon Tenn. 0.80 8,290 10,322 2,665,279
168 Northfield Bancorp, Inc. Woodbridge N.J. 0.80 8,771 11,019 4,555,447
169 Commerce Bancshares, Inc. Kansas City Mo. 0.80 97,138 122,128 25,050,001
170 Old National Bancorp Evansville Ind. 0.79 56,276 71,183 20,084,448
171 Investors Bancorp, Inc. Short Hills N.J. 0.79 48,158 60,952 26,614,380
172 Tompkins Financial Corporation Ithaca N.Y. 0.79 21,040 26,712 6,738,719
173 First Busey Corporation Champaign Ill. 0.79 25,469 32,341 9,537,334
174 Renasant Corporation Tupelo Miss. 0.79 45,110 57,350 12,862,395
175 Community Bank System, Inc. De Witt N.Y. 0.78 41,888 53,379 10,916,467
176 First Midwest Bancorp, Inc. Chicago Ill. 0.78 46,058 59,179 15,817,769
177 Canandaigua National Corporation Canandaigua N.Y. 0.77 10,007 13,028 2,944,912
178 Hancock Whitney Corporation Gulfport Miss. 0.76 79,164 103,699 28,499,484
179 Heritage Financial Corporation Olympia Wash. 0.76 16,552 21,728 5,342,099
180 First Financial Corporation Terre Haute Ind. 0.76 9,682 12,751 3,024,976
181 South State Corporation Columbia S.C. 0.76 44,367 58,431 15,406,887
182 CBTX, Inc. Houston Tex. 0.76 10,490 13,822 3,284,317
183 People's United Financial, Inc. Bridgeport Conn. 0.75 114,640 152,650 48,095,076
184 Peoples Bancorp Inc. Marietta Ohio 0.75 14,369 19,135 4,017,119
185 Horizon Bancorp, Inc. Michigan City Ind. 0.75 10,816 14,466 5,051,639
186 Univest Financial Corporation Souderton Pa. 0.75 16,079 21,564 5,035,527
187 Bancorp, Inc. Wilmington Del. 0.74 17,931 24,076 4,626,977
188 Park National Corporation Newark Ohio 0.74 25,455 34,235 7,852,246
189 Kearny Financial Corp. Fairfield N.J. 0.74 11,417 15,367 6,658,751
190 Umpqua Holdings Corporation Portland Ore. 0.74 74,033 99,660 27,355,625
191 Atlantic Union Bankshares Corporation Richmond Va. 0.74 35,631 48,008 16,904,096
192 NBT Bancorp Inc. Norwich N.Y. 0.74 29,127 39,356 9,533,510
193 ANB Corporation Terrell Tex. 0.73 9,141 12,446 3,047,559
194 Fulton Financial Corporation Lancaster Pa. 0.73 56,663 77,753 20,925,776
195 BB&T Corporation Winston-Salem N.C. 0.73 792,000 1,087,000 227,683,000
196 Cambridge Financial Group, Inc. Cambridge Mass. 0.72 9,364 12,919 3,967,801
197 KeyCorp Cleveland Ohio 0.72 407,677 563,216 141,953,655
198 Associated Banc-Corp Green Bay Wis. 0.72 86,686 120,050 33,700,866
199 W.T.B. Financial Corporation Spokane Wash. 0.71 20,171 28,224 6,393,519
200 First Bancshares, Inc. Hattiesburg Miss. 0.71 7,635 10,696 3,535,283

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 August 9, 2019.
© 2019 American Banker
Source:

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Compensation Banks, thrifts and holding companies