Boss Costs: CEO Pay to Total Payroll Expenses

Large bank CEOs rake in far more than their small bank peers, but large bank CEO pay represents a small fraction of total payroll expense. Click on column headers to sort.

Company Ticker ROAA (%) Assets
($B)
Employee
comp. ($M)
Number of
employees
Average
comp. per
employee ($)
Chief
executive
CEO comp.
($)
As a %
of total
employee comp.
As a multiple
of average
employee comp.
1st Source Corp. SRCE 1.1 4.6 82.6 1,180 69,999 Christopher J. Murphy 1,541,486 1.87 22
American Express Co. AXP 2.9 153.1 6,597.0 63,500 103,890 Kenneth I. Chenault 28,491,734 0.43 274
Ames National Corp. ATLO 1.3 1.2 12.5 94 132,611 Thomas H. Pohlman 342,361 2.75 3
Arrow Financial Corp. AROW 1.1 2.0 31.7 518 61,203 Thomas L. Hoy** 1,216,144 3.84 20
Associated Banc-Corp ASBC 0.8 23.5 381.4 4,900 77,838 Philip B. Flynn 4,305,956 1.13 55
Astoria Financial Corp. AF 0.3 16.5 139.1 1,446 96,224 Monte N. Redman 2,333,177 1.68 24
Bancorp Inc. TBBK 0.5 3.7 40.1 532 75,295 Betsy Z. Cohen 1,150,789 2.87 15
BancorpSouth Inc. BXS 0.6 13.4 304.6 4,231 71,998 James D. Rollins* 2,667,960 0.88 37
Bank Mutual Corp. BKMU 0.3 2.4 42.3 639 66,203 Michael T. Crowley 2,038,217 4.82 31
Bank of America Corp. BAC 0.2 2,210.0 35,648.0 267,190 133,418 Brian T. Moynihan 8,321,300 0.02 62
Bank of Hawaii Corp. BOH 1.2 13.7 184.4 2,300 80,177 Peter S. Ho 3,970,341 2.15 50
Bank of Kentucky Financial Corp. BKYF 1.0 1.8 23.0 317 72,407 Robert W. Zapp 843,496 3.67 12
Bank of Marin Bancorp BMRC 1.3 1.4 21.1 238 88,819 Russell A. Colombo 809,241 3.83 9
Bank of New York Mellon Corp. BK 0.7 359.0 5,761.0 49,500 116,384 Gerald L. Hassell 13,805,158 0.24 119
Bank of the Ozarks Inc. OZRK 2.0 4.0 59.0 1,120 52,704 George Gleason 3,483,389 5.90 66
Banner Corp. BANR 1.5 4.3 78.7 1,074 73,274 Mark J. Grescovich 1,268,373 1.61 17
BB&T Corp. BBT 1.1 183.9 3,125.0 34,000 91,912 Kelly S. King 11,708,334 0.37 127
Beneficial Mutual Bancorp Inc. BNCL 0.3 5.0 57.5 726 79,241 Gerard P. Cuddy 1,225,472 2.13 15
Berkshire Hills Bancorp Inc. BHLB 0.7 5.3 64.1 1,012 63,321 Michael P. Daly 1,518,254 2.37 24
BofI Holding Inc. BOFI 1.4 2.4 20.3 230 88,430 Gregory Garrabrants 1,372,880 6.75 16
BOK Financial Corp. BOKF 1.3 28.1 491.0 4,704 104,386 Stanley A. Lybarger 5,312,274 1.08 51
Boston Private Financial Holdings Inc. BPFH 0.9 6.5 143.9 827 173,944 Clayton G. Deutsch 2,483,835 1.73 14
Bridge Bancorp Inc. BDGE 0.9 1.6 20.7 257 80,564 Kevin M. O'Connor 732,756 3.54 9
Brookline Bancorp Inc. BRKL 0.9 5.1 58.8 622 94,582 Paul A. Perrault 1,606,841 2.73 17
Bryn Mawr Bank Corp. BMTC 1.1 2.0 41.3 390 105,790 Frederick C. Peters 1,047,903 2.54 10
California First National Bancorp CFNB 1.8 0.5 9.0 149 60,651 Patrick E. Paddon 189,369 2.10 3
Camden National Corp. CAC 1.0 2.6 29.7 550 53,980 Gregory Dufour 986,362 3.32 18
Cape Bancorp Inc. CBNJ 0.5 1.0 14.4 170 84,888 Michael D. Devlin 369,077 2.56 4
Capital City Bank Group Inc. CCBG 0.0 2.6 64.2 913 70,364 William G. Smith 940,108 1.46 13
Capital One Financial Corp. COF 1.4 312.9 3,876.0 39,593 97,896 Richard D. Fairbank 22,605,374 0.58 231
CapitalSource Inc. CSE 5.8 8.5 105.4 564 186,933 James J. Pieczynski 3,415,851 3.24 18
Cardinal Financial Corp. CFNL 1.6 3.0 39.4 706 55,765 Bernard H. Clineburg 2,328,207 5.91 42
Cascade Bancorp CACB 0.5 1.3 31.6 432 73,053 Terry E. Zink** 1,386,766 4.39 19
CenterState Banks Inc. CSFL 0.4 2.4 69.9 689 101,507 Ernest S. Pinner 958,027 1.37 9
Central Pacific Financial Corp. CPF 1.1 4.4 69.3 871 79,614 John C. Dean 1,747,562 2.52 22
Charter Financial Corp. CHFN 0.5 1.0 19.3 286 67,597 Robert L. Johnson 665,335 3.44 10
Chemical Financial Corp. CHFC 0.9 5.9 84.4 1,800 46,879 David B. Ramaker 1,900,826 2.25 41
Citigroup Inc. C 0.4 1,864.7 25,204.0 259,000 97,313 Michael Corbat 12,377,508 0.05 127
Citizens & Northern Corp. CZNC 1.7 1.3 14.4 292 49,212 Charles H. Updegraff 824,723 5.74 17
City Holding Co. CHCO 1.4 2.9 43.5 843 51,612 Charles R. Hageboeck 1,027,151 2.36 20
City National Corp. CYN 0.8 28.6 479.3 3,472 138,048 Russell Goldsmith 4,338,230 0.91 31
Clifton Savings Bancorp Inc. CSBK 0.7 1.1 7.1 91 77,527 John A. Celentano 508,377 7.21 7
CNB Financial Corp. CCNE 1.0 1.8 18.9 297 63,613 Joseph B. Bower 808,019 4.28 13
CoBiz Financial Inc. COBZ 1.0 2.7 59.9 508 117,982 Steven Bangert 1,071,092 1.79 9
Columbia Banking System Inc. COLB 1.0 4.9 85.4 1,198 71,314 Melanie J. Dressel 1,348,924 1.58 19
Comerica Inc. CMA 0.8 65.4 1,018.0 8,967 113,527 Ralph W. Babb 10,242,574 1.01 90
Commerce Bancshares Inc. CBSH 1.3 22.2 360.9 4,270 84,520 David W. Kemper 4,169,502 1.16 49
Community Bank System Inc. CBU 1.1 7.5 112.0 1,908 58,718 Mark E. Tryniski 1,776,799 1.59 30
Community Trust Bancorp Inc. CTBI 1.2 3.6 51.9 1,035 50,133 Jean R. Hale 972,279 1.87 19
Cullen/Frost Bankers Inc. CFR 1.1 23.1 316.4 3,878 81,585 Richard W. Evans 4,612,860 1.46 57
CVB Financial Corp. CVBF 1.2 6.4 68.5 589 116,292 Christopher D. Myers 1,591,857 2.32 14
Discover Financial Services DFS 3.2 75.3 1,048.0 13,009 80,560 David W. Nelms 9,959,112 0.95 124
Eagle Bancorp, Inc. EGBN 1.1 3.4 43.7 393 111,155 Ronald D. Paul 1,938,622 4.44 17
Enterprise Bancorp Inc. EBTC 0.8 1.7 32.0 372 86,113 John P. Clancy 823,222 2.57 10
ESB Financial Corp. ESBF 0.8 1.9 16.3 227 71,925 Charlotte A. Zuschlag 1,345,900 8.24 19
ESSA Bancorp Inc. ESSA 0.0 1.4 16.3 224 72,696 Gary S. Olson 393,777 2.42 5
Fifth Third Bancorp FITB 1.3 121.9 1,978.0 20,798 95,105 Kevin T. Kabat 8,987,341 0.45 94
Financial Institutions Inc. FISI 0.9 2.8 40.1 662 60,615 John E. Benjamin*** 259,447 0.65 4
First Bancorp FBNC -0.7 3.2 53.3 810 65,856 Richard H. Moore* 608,613 1.14 9
First Bancorp Inc. FNLC 0.9 1.4 12.7 222 57,167 Daniel R. Daigneault 791,475 6.24 14
First Citizens BancShares Inc. FCNCA 0.6 21.3 386.2 4,369 88,394 Frank B. Holding 1,411,207 0.37 16
First Commonwealth Financial Corp. FCF 0.7 6.0 86.1 1,289 66,772 T. Michael Price 1,336,982 1.55 20
First Community Bancshares Inc. FCBC 1.2 2.7 38.7 760 50,878 John M. Mendez 589,372 1.52 12
First Defiance Financial Corp. FDEF 0.9 2.0 32.6 553 58,890 William J. Small 573,406 1.76 10
First Financial Bankshares Inc. FFIN 1.7 4.5 58.3 1,000 58,269 F. Scott Dueser 739,157 1.27 13
First Financial Corp. THFF 1.1 2.9 56.2 928 60,572 Norman L. Lowery 2,158,696 3.84 36
First Horizon National Corp. FHN -0.1 25.5 640.9 4,498 142,476 D. Bryan Jordan 6,065,153 0.95 43
First Merchants Corp. FRME 1.1 4.3 79.4 1,149 69,102 Michael C. Rechin 975,329 1.23 14
First Midwest Bancorp Inc. FMBI -0.3 8.1 105.2 1,707 61,647 Michael L. Scudder 2,573,029 2.45 42
First Niagara Financial Group Inc. FNFG 0.5 36.8 427.5 5,927 72,127 John R. Koelmel** 3,775,234 0.88 52
First of Long Island Corp. FLIC 1.0 2.1 21.4 255 83,902 Michael N. Vittorio 979,925 4.58 12
Flushing Financial Corp. FFIC 0.8 4.5 42.5 362 117,412 John R. Buran 1,650,477 3.88 14
Fulton Financial Corp. FULT 1.0 16.5 243.9 3,750 65,044 R. Scott Smith** 3,825,648 1.57 59
German American Bancorp Inc. GABC 1.2 2.0 29.1 440 66,105 Mark A. Schroeder 835,450 2.87 13
Glacier Bancorp Inc. GBCI 1.0 7.7 95.4 1,553 61,412 Michael J. Blodnick 669,925 0.70 11
Great Southern Bancorp Inc. GSBC 1.3 4.0 51.3 880 58,252 Joseph W. Turner 935,454 1.82 16
Hancock Holding Co. HBHC 0.8 19.5 366.2 4,235 86,466 Carl J. Chaney 1,768,267 0.48 20
Heartland Financial USA Inc. HTLF 1.1 5.0 105.7 1,498 70,579 Lynn B. Fuller 918,406 0.87 13
Heritage Financial Corp. HFWA 1.0 1.3 29.0 363 79,945 Brian L. Vance 779,874 2.69 10
Home BancShares Inc. HOMB 1.6 4.2 47.3 926 51,068 C. Randall Sims 687,104 1.45 13
Hudson Valley Holding Corp. HVB 1.0 2.9 44.8 429 104,459 Stephen R. Brown 2,030,253 4.53 19
Huntington Bancshares Inc. HBAN 1.2 56.2 988.2 11,806 83,703 Stephen D. Steinour 6,932,505 0.70 83
Independent Bank Corp. INDB 0.8 5.8 84.0 998 84,182 Christopher Oddleifson 2,008,663 2.39 24
JPMorgan Chase & Co. JPM 0.9 2,359.1 30,585.0 258,753 118,202 James Dimon 18,717,013 0.06 158
KeyCorp KEY 1.0 89.2 1,618.0 15,589 103,791 Beth E. Mooney 6,272,426 0.39 60
Lakeland Financial Corp. LKFN 1.2 3.1 34.5 493 70,059 Michael L. Kubacki 1,022,174 2.96 15
M&T Bank Corp. MTB 1.3 83.0 1,314.5 14,404 91,262 Robert G. Wilmers 3,357,666 0.26 37
MainSource Financial Group Inc. MSFG 1.0 2.8 49.0 808 60,631 Archie M. Brown 417,664 0.85 7
Merchants Bancshares Inc. MBVT 0.9 1.7 19.6 306 63,993 Michael R. Tuttle 490,732 2.51 8
Meridian Interstate Bancorp Inc. EBSB 0.6 2.3 36.4 348 104,557 Richard J. Gavegnano 1,330,815 3.66 13
National Bankshares Inc. NKSH 1.6 1.1 12.0 214 56,098 James G. Rakes 1,358,619 11.32 24
National Penn Bancshares Inc. NPBC 1.2 8.5 125.0 1,772 70,519 Scott V. Fainor 2,024,677 1.62 29
NBT Bancorp Inc. NBTB 0.9 6.0 104.8 1,581 66,297 Martin A. Dietrich 3,518,764 3.36 53
Northern Trust Corp. NTRS 0.7 97.5 1,525.6 14,200 107,437 Frederick H. Waddell 11,083,195 0.73 103
Northwest Bancshares Inc. NWBI 0.8 7.9 111.7 1,864 59,939 William J. Wagner 1,469,060 1.31 25
OceanFirst Financial Corp. OCFC 0.9 2.3 27.6 323 85,480 John R. Garbarino 1,374,556 4.98 16
Old National Bancorp ONB 1.0 9.5 193.9 2,684 72,233 Robert G. Jones 1,847,828 0.95 26
OmniAmerican Bancorp Inc. OABC 0.4 1.3 24.6 321 76,636 Tim Carter 1,552,591 6.31 20
Oriental Financial Group Inc. OFG 0.3 9.2 45.8 1,654 27,677 Jose Rafael Fernandez 1,630,074 3.56 59
Orrstown Financial Services Inc. ORRF -2.9 1.2 19.9 331 60,012 Thomas R. Quinn 607,685 3.06 10
Pacific Continental Corp. PCBK 1.0 1.4 19.6 268 73,045 Hal Brown 609,226 3.11 8
PacWest Bancorp PACW 1.0 5.5 95.0 991 95,829 Matthew P. Wagner 1,869,097 1.97 20
Park National Corp. PRK 1.2 6.6 96.0 1,826 52,561 C. Daniel DeLawder 1,125,967 1.17 21
Peoples Bancorp Inc. PEBO 1.1 1.9 33.4 494 67,664 Charles W. Sulerzyski 780,865 2.34 12
People's United Financial Inc. PBCT 0.8 30.3 418.9 4,847 86,425 John P. Barnes 3,704,428 0.88 43
Pinnacle Financial Partners Inc. PNFP 0.8 5.0 78.1 731 106,781 M. Terry Turner 2,340,962 3.00 22
PNC Financial Services Group Inc. PNC 1.0 305.1 4,617.0 50,947 90,624 James E. Rohr 8,942,806 0.19 99
Popular Inc. BPOP 0.7 36.5 465.7 8,072 57,694 Richard L. Carrion 2,685,472 0.58 47
Prosperity Bancshares Inc. PB 1.4 14.6 115.5 2,266 50,973 David Zalman 1,688,385 1.46 33
Provident Financial Services Inc. PFS 0.9 7.3 80.9 827 97,792 Christopher Martin 1,895,943 2.34 19
Provident New York Bancorp PBNY 0.6 4.0 46.0 456 100,961 Jack Kopnisky 1,004,468 2.18 10
Regions Financial Corp. RF 0.9 121.3 1,763.0 23,427 75,255 O.B. Grayson Hall 11,897,084 0.67 158
Renasant Corp. RNST 0.6 4.2 81.0 1,096 73,907 E. Robinson McGraw 1,524,205 1.88 21
Republic Bancorp Inc. RBCAA 3.5 3.4 60.6 797 76,077 Steven E. Trager 560,861 0.93 7
S&T Bancorp Inc. STBA 0.8 4.5 60.3 1,027 58,672 Todd D. Brice 1,187,096 1.97 20
S.Y. Bancorp Inc. SYBT 1.2 2.1 38.0 495 76,687 David P. Heintzman 1,474,888 3.89 19
Sandy Spring Bancorp Inc. SASR 1.0 4.0 62.5 707 88,414 Daniel J. Schrider 1,000,710 1.60 11
SCBT Financial Corp. SCBT 0.7 5.1 76.3 1,324 57,634 Robert R. Hill 1,415,653 1.86 25
Simmons First National Corp. SFNC 0.8 3.5 67.0 1,052 63,687 J. Thomas May 1,244,512 1.86 20
Southside Bancshares Inc. SBSI 1.1 3.2 48.1 574 83,770 Sam Dawson 1,740,383 3.62 21
Southwest Bancorp Inc. OKSB 0.7 2.1 29.9 422 70,898 Mark W. Funke* 934,001 3.12 13
State Street Corp. STT 0.9 222.6 3,837.0 29,660 129,366 Joseph L. Hooley 15,629,291 0.41 121
StellarOne Corp. STEL 0.7 3.0 51.4 759 67,688 O. R. Barham 894,357 1.74 13
SunTrust Banks Inc. STI 1.1 173.4 3,077.0 26,778 114,908 William H. Rogers 9,542,263 0.31 83
Susquehanna Bancshares Inc. SUSQ 0.9 18.0 251.6 3,304 76,145 William J. Reuter 4,529,509 1.80 59
SVB Financial Group SIVB 0.8 22.8 326.9 1,615 202,441 Greg W. Becker 3,448,267 1.05 17
Synovus Financial Corp. SNV 3.1 26.8 375.9 4,963 75,735 Kessel D. Stelling 1,929,268 0.51 25
TCF Financial Corp. TCB -1.1 18.2 393.8 5,153 76,429 William A. Cooper 6,267,149 1.59 82
Texas Capital Bancshares Inc. TCBI 1.3 10.5 121.5 881 137,862 George F. Jones 1,579,331 1.30 11
TFS Financial Corp. TFSL 0.1 11.5 80.1 980 81,748 Marc A. Stefanski 3,488,680 4.35 43
TrustCo Bank Corp NY TRST 0.9 4.3 31.3 759 41,207 Robert J. McCormick 2,038,220 6.52 49
Trustmark Corp. TRMK 1.2 9.8 190.5 2,666 71,462 Gerard R. Host 2,482,921 1.30 35
U.S. Bancorp USB 1.6 353.9 5,265.0 64,486 81,646 Richard K. Davis 18,213,839 0.35 223
UMB Financial Corp. UMBF 0.9 14.9 319.9 3,448 92,765 J. Mariner Kemper 2,270,713 0.71 24
Umpqua Holdings Corp. UMPQ 0.9 11.8 200.9 2,376 84,573 Raymond P. Davis 3,253,508 1.62 38
Union First Market Bankshares Corp. UBSH 0.9 4.1 68.6 1,044 65,755 G. William Beale 964,638 1.41 15
United Financial Bancorp Inc. UBNK 0.2 2.4 26.5 370 71,711 Richard B. Collins 999,807 3.77 14
Univest Corp. of Pennsylvania UVSP 0.9 2.3 44.3 614 72,129 William S. Aichele 1,719,785 3.88 24
Valley National Bancorp VLY 0.9 16.0 200.0 2,910 68,718 Gerald H. Lipkin 2,955,684 1.48 43
Virginia Commerce Bancorp Inc. VCBI 1.0 2.8 29.9 330 90,679 Peter A. Converse 741,249 2.48 8
Washington Banking Co. WBCO 1.0 1.7 29.9 467 64,120 John L. Wagner 805,028 2.69 13
Washington Federal Inc. WAFD 1.1 12.5 77.6 1,260 61,610 Roy M. Whitehead 2,190,130 2.82 36
Washington Trust Bancorp Inc. WASH 1.1 3.1 59.8 552 108,308 Joseph J. MarcAurele 1,248,494 2.09 12
Webster Financial Corp. WBS 0.9 20.1 264.1 2,730 96,740 James C. Smith 4,969,056 1.88 51
Wells Fargo & Co. WFC 1.4 1,423.0 28,804.0 269,200 106,999 John G. Stumpf 22,873,085 0.08 214
WesBanco Inc. WSBC 0.9 6.1 80.4 1,507 53,334 Paul M. Limbert 849,315 1.06 16
West Bancorporation Inc. WTBA 1.2 1.4 14.5 180 80,733 David D. Nelson 455,832 3.14 6
Westamerica Bancorp. WABC 1.6 5.0 57.4 935 61,378 David L. Payne 639,750 1.11 10
Western Alliance Bancorp. WAL 1.0 7.6 105.0 982 106,969 Robert G. Sarver 2,839,630 2.70 27

*Joined the company in 2012
**No longer chief executive
***John Benjamin is chairman and served as interim chief executive from August 2012 through March 2013
Note: Data is for fiscal 2012. Chief executive compensation is taken from summary compensation tables in proxy filings
Source: GMI Ratings, Bloomberg and company reports

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