Most Efficient Bank Holding Companies

Year to date through Jun. 30, 2019. Dollars in thousands.

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Most Efficient Bank Holding Companies
Rank Company City State

Efficiency Ratio (YTD)*

Noninterest Expense (YTD)

Assets Jun. 2019

Jun. 2019 Jun. 2018 Jun. 2019 Jun. 2018  Change
1 Synchrony Financial Stamford CT 29.18 29.13 $1,061,000 $974,626 -8.1 $106,388,000
2 ServisFirst Bancshares, Inc. Birmingham AL 34.06 33.81 26,022 24,010 -7.7 8,740,237
3 United National Corporation Sioux Falls SD 34.97 33 102,203 88,969 -12.9 3,103,052
4 CVB Financial Corp. Ontario CA 36.72 40.92 50,418 34,240 -32 11,171,583
5 Oritani Financial Corp. Township of Washington NJ 37.21 34.87 9,841 10,020 1.8 4,070,923
6 Discover Financial Services Riverwoods IL 37.71 37.93 1,074,527 989,509 -7.9 110,706,938
7 Eagle Bancorp, Inc. Bethesda MD 37.85 37.98 33,358 32,283 -3 8,670,003
8 PacWest Bancorp Beverly Hills CA 40.53 40.54 123,523 128,879 4.3 26,344,414
9 Sterling Bancorp, Inc. Southfield MI 41.29 34.32 13,552 12,482 -7.9 3,281,485
10 Home BancShares, Inc. Conway AR 41.38 37.00 66,889 62,912 -5.9 15,287,575
11 Merchants Bancorp Carmel IN 41.55 35.24 16,080 11,966 -25.6 5,287,390
12 East West Bancorp, Inc. Pasadena CA 41.73 45.22 175,509 177,712 1.3 42,892,358
13 Western Alliance Bancorporation Phoenix AZ 41.76 41.89 114,914 102,788 -10.6 25,314,785
14 Prosperity Bancshares, Inc. Houston TX 42.78 42.83 80,559 83,161 3.2 22,404,604
15 Olney Bancshares of Texas, Inc. Olney TX 43.30 39.77 17,386 15,709 -9.6 3,586,035
16 Lakeland Financial Corporation Warsaw IN 43.69 42.21 22,220 20,629 -7.2 4,977,739
17 Lauritzen Corporation Omaha NE 43.87 52.09 25,679 23,388 -8.9 1,432,469
18 ConnectOne Bancorp, Inc. Englewood Cliffs NJ 44.33 41.41 21,590 17,061 -21.0 6,109,066
19 SVB Financial Group Santa Clara CA 44.49 46.51 388,320 307,164 -20.9 63,801,058
20 Inwood Bancshares, Inc. Dallas TX 44.58 42.34 10,525 9,849 -6.4 2,827,277
21 BCI Financial Group, Inc. Miami FL 44.92 55.44 59,696 52,878 -11 15,059,171
22 1867 Western Financial Corporation Stockton CA 45.15 42.60 16,708 15,835 -5.2 3,208,087
23 Cathay General Bancorp Los Angeles CA 45.21 42.27 69,114 63,327 -8.4 17,606,006
24 Pinnacle Financial Partners, Inc. Nashville TN 45.66 45.78 121,326 109,751 -9.5 26,540,355
25 First-West Texas Bancshares, Inc. Midland TX 46.12 49.55 6,893 6,303 -8.6 1,344,837
26 Luther Burbank Corporation Santa Rosa CA 46.13 46.67 14,710 14,926 1.5 7,114,337
27 Sterling Bancorp Montebello NY 46.38 41.39 126,848 125,609 -1.0 30,250,724
28 First Security Bancorp Searcy AR 46.91 41.61 34,658 34,358 -0.9 5,684,218
29 Great Western Bancorp, Inc. Sioux Falls SD 47.28 45.72 55,891 57,589 3.0 12,954,896
30 Farmers & Merchants Bancorp Lodi CA 47.80 56.01 17,804 20,334 14.2 3,435,260
First Financial Bankshares, Inc. Abilene TX 47.80 49.04 48,306 47,146 -2.4 7,979,293
32 Veritex Holdings, Inc. Dallas TX 47.90 50.59 39,896 16,171 -59.5 8,010,106
33 Capitol Federal Financial, Inc. Topeka KS 47.99 44.73 28,501 24,584 -13.7 9,307,154
34 First Hawaiian, Inc. Honolulu HI 48.00 NA 93,290 NA ####### 20,527,546
35 New York Community Bancorp, Inc. Westbury NY 48.23 48.01 123,053 138,289 12.4 52,776,254
36 LegacyTexas Financial Group, Inc. Plano TX 48.50 44.27 47,504 42,067 -11.4 9,939,744
37 Industry Bancshares, Inc. Industry TX 48.64 38.32 14,540 13,442 -7.6 4,262,538
38 Stearns Financial Services, Inc. Saint Cloud MN 48.69 42.66 21,789 16,507 -24 2,409,113
39 Westamerica Bancorporation San Rafael CA 49.07 51.11 26,203 26,429 0.9 5,540,149
40 CIBC Bancorp USA Inc. Chicago IL 49.29 55.97 220,959 217,926 -1.4 43,797,600
41 Bridgewater Bancshares, Inc. Bloomington MN 49.47 38.41 9,474 6,464 -31.8 2,123,631
42 Cadence Bancorporation Houston TX 49.52 NA 100,320 NA ####### 17,504,007
43 Comerica Incorporated Dallas TX 49.77 52.60 426,000 441,795 3.7 72,592,000
44 OFG Bancorp San Juan PR 49.81 52.91 51,043 51,485 0.9 6,464,127
45 Pacific Premier Bancorp, Inc. Irvine CA 50.52 52.32 63,482 50,359 -20.7 11,783,781
46 Old Line Bancshares, Inc. Bowie MD 50.64 76.46 14,709 21,041 43.0 3,075,613
47 Independent Bank Group, Inc. McKinney TX 50.84 53.27 78,077 49,158 -37.0 14,708,922
48 Community Trust Bancorp, Inc. Pikeville KY 50.85 57.94 30,030 32,439 8.0 4,377,257
49 Valley View Bancshares, Inc. Overland Park KS 50.91 52.65 14,844 15,591 5.0 3,057,966
50 E*TRADE Financial Corporation New York NY 50.93 53.29 396,652 383,661 -3.3 61,590,119
51 Washington Federal, Inc. Seattle WA 51.01 49.49 69,721 65,961 -5 16,468,525
52 First of Long Island Corporation Glen Head NY 51.30 53.25 14,766 15,698 6.3 4,202,141
53 City Holding Company Cross Lanes WV 51.31 51.12 30,550 25,167 -17.6 4,940,036
54 Southside Bancshares, Inc. Tyler TX 51.32 49.09 29,482 29,077 -1.4 6,372,870
55 United Bankshares, Inc. Charleston WV 51.37 49.00 99,852 93,086 -6.8 19,882,539
56 CTBC Capital Corp. Los Angeles CA 51.41 51.77 16,169 16,226 0.4 3,528,047
57 SNBNY Holdings Limited Gibraltar 51.59 42.25 31,796 33,797 6.3 7,216,669
58 First Merchants Corporation Muncie IN 51.63 50.11 57,127 54,422 -4.7 10,737,857
59 Sandy Spring Bancorp, Inc. Olney MD 51.70 55.76 43,882 45,054 2.7 8,398,519
60 Texas Capital Bancshares, Inc. Dallas TX 51.79 52.42 136,843 129,974 -5.0 29,970,386
61 First Community Bankshares, Inc. Bluefield VA 51.86 56.66 16,954 16,975 0.1 2,212,027
62 First Financial Bancorp. Cincinnati OH 51.91 65.48 84,044 103,464 23.1 14,437,663
63 Hometown Community Bancorp, Inc. Morton IL 52.08 54.92 19,252 19,867 3.2 3,932,258
IBERIABANK Corporation Lafayette LA 52.08 61.28 170,358 197,180 15.7 31,446,532
65 Axos Financial, Inc. Las Vegas NV 52.13 47.53 65,835 49,467 -24.9 11,220,238
66 Provident Financial Services, Inc. Jersey City NJ 52.21 54.32 49,648 48,892 -1.5 9,938,246
67 Silver Queen Financial Services, Inc. Greenwood Village CO 52.31 45.99 4,328 4,674 8.0 1,776,490
68 Nicolet Bankshares, Inc. Green Bay WI 52.34 59.66 25,727 22,451 -12.7 3,054,813
69 Pinnacle Bancorp, Inc. Omaha NE 52.43 59.31 68,454 68,220 0 11,612,282
70 BankUnited, Inc. Miami Lakes FL 52.65 55.25 119,873 160,038 33.5 33,092,265
71 Ida Grove Bancshares, Inc. Ida Grove IA 53.02 50.97 8,132 7,201 -11.4 1,641,982
72 Capital One Financial Corporation McLean VA 53.11 46.88 3,791,305 3,404,272 -10 373,618,924
73 First Bancshares, Inc. Hattiesburg MS 53.20 70.25 20,832 19,589 -6.0 3,471,042
74 Synovus Financial Corp. Columbus GA 53.32 56.41 262,550 201,699 -23.2 47,318,203
75 U.S. Bancorp Minneapolis MN 53.36 54.00 3,140,000 3,084,000 -1.8 481,719,000
76 Hills Bancorporation Hills IA 53.37 53.86 16,489 15,814 -4.1 3,263,551
77 International Bancshares Corporation Laredo TX 53.42 53.59 78,899 78,945 0.1 12,227,016
78 Seacoast Banking Corporation of Florida Stuart FL 53.44 58.92 41,310 38,042 -7.9 6,824,886
79 S&T Bancorp, Inc. Indiana PA 53.63 49.96 40,001 35,869 -10.3 7,334,605
80 Great Southern Bancorp, Inc. Springfield MO 53.65 58.66 28,430 28,173 -0.9 4,874,974
81 WesBanco, Inc. Wheeling WV 53.74 57.97 71,465 63,271 -11 12,501,903
82 Heritage Commerce Corp San Jose CA 53.76 74.13 18,445 24,862 34.8 3,108,031
83 American National Corporation Omaha NE 53.83 51.93 21,342 20,117 -5.7 3,838,741
84 Charles Schwab Corporation San Francisco CA 53.91 54.28 1,454,000 1,359,000 -6.5 276,321,000
85 First BanCorp. San Juan PR 53.94 56.61 91,509 87,939 -3.9 12,537,196
86 BOU Bancorp, Inc. Ogden UT 53.97 55.54 11,285 10,035 -11.1 1,327,459
87 Hope Bancorp, Inc. Los Angeles CA 54.02 51.63 70,153 72,385 3.2 15,338,934
88 Amarillo National Bancorp, Inc. Amarillo TX 54.04 49.12 38,045 23,855 -37.3 5,429,600
89 Valley National Bancorp Wayne NJ 54.13 58.26 140,989 150,458 6.7 33,027,741
90 Bank Leumi Le-Israel Corporation New York NY 54.14 57.92 40,613 44,285 9.0 6,854,313
91 First Volunteer Corporation Chattanooga TN 54.16 54.96 8,576 8,387 -2.2 1,005,850
92 Meridian Bancorp, Inc. Peabody MA 54.17 53.46 25,422 23,733 -6.6 6,368,833
93 Bank of Hawaii Corporation Honolulu HI 54.18 54.79 92,461 90,759 -1.8 17,688,845
TD Group US Holdings LLC Wilmington DE 54.18 56.36 1,709,304 1,662,223 -2.8 387,659,795
95 Southern Missouri Bancorp, Inc. Poplar Bluff MO 54.51 56.08 13,010 11,442 -12.1 2,214,541
96 BancFirst Corporation Oklahoma City OK 54.52 56.08 56,538 54,253 -4.0 7,642,041
FirstBank Holding Company Lakewood CO 54.52 53.18 111,562 100,795 -9.7 19,251,894
98 Washington Trust Bancorp, Inc. Westerly RI 54.74 52.74 28,191 26,332 -6.6 5,191,078
99 Popular, Inc. Hato Rey PR 54.97 49.27 368,000 339,000 -7.9 50,617,000
100 Apple Financial Holdings, Inc. New York NY 55.01 64.20 49,130 54,966 11.9 15,103,583
101 Ameris Bancorp Atlanta GA 55.08 76.92 76,676 83,342 8.7 11,889,460
102 Central Bancompany, Inc. Jefferson City MO 55.10 56.59 86,674 82,429 -4.9 13,278,754
103 Columbia Banking System, Inc. Tacoma WA 55.19 56.78 88,611 84,583 -4.5 13,091,917
104 Salem Five Bancorp Salem MA 55.23 60.41 26,228 26,740 2.0 5,159,602
105 M&T Bank Corporation Buffalo NY 55.25 52.02 847,916 764,388 -9.9 121,554,895
106 First Bancorp Southern Pines NC 55.30 54.89 40,362 38,956 -3.5 6,012,614
107 Commerce Bancshares, Inc. Kansas City MO 55.32 52.67 189,255 181,577 -4.1 25,789,450
108 CBTX, Inc. Houston TX 55.51 57.31 23,464 20,141 -14.2 3,380,029
109 F.N.B. Corporation Pittsburgh PA 55.61 58.07 175,171 181,501 3.6 33,913,150
110 Glacier Bancorp, Inc. Kalispell MT 55.63 51.54 85,615 70,150 -18.1 12,676,361
111 Brookline Bancorp, Inc. Boston MA 55.64 54.08 39,454 37,476 -5.0 7,651,825
112 First Internet Bancorp Fishers IN 55.66 53.91 11,700 10,110 -13.6 3,958,829
113 First Bancshares, Inc. Merrillville IN 55.69 56.14 28,081 27,431 -2.3 4,748,754
114 BB&T Corporation Winston-Salem NC 55.86 57.97 1,747,000 1,711,000 -2.1 230,872,000
115 German American Bancorp, Inc. Jasper IN 55.96 57.92 25,618 21,708 -15.3 3,971,272
116 Southern First Bancshares, Inc. Greenville SC 55.97 57.68 11,767 10,093 -14.2 2,123,847
117 Premier Financial Bancorp, Inc. Huntington WV 56.06 61.14 10,735 10,297 -4.1 1,704,131
118 Webster Financial Corporation Waterbury CT 56.16 60.75 180,819 180,656 -0.1 28,975,029
119 Cullen/Frost Bankers, Inc. San Antonio TX 56.32 54.54 203,182 188,880 -7.0 31,899,154
120 Bank of Marin Bancorp Novato CA 56.34 56.62 14,916 14,509 -2.7 2,463,987
121 Stockman Financial Corporation Miles City MT 56.42 54.72 23,932 21,529 -10.0 3,726,794
122 United Community Banks, Inc. Blairsville GA 56.43 56.58 81,879 76,365 -7 12,792,742
123 Lakeland Bancorp, Inc. Oak Ridge NJ 56.46 55.69 31,686 27,574 -13.0 6,407,442
124 Discount Bancorp, Inc. New York NY 56.49 54.70 45,062 43,271 -4.0 9,908,522
125 Horizon Bancorp, Inc. Michigan City IN 56.54 57.23 31,584 24,942 -21.0 5,098,682
126 Camden National Corporation Camden ME 56.62 57.93 23,939 22,888 -4.4 4,447,038
127 JPMorgan Chase & Co. New York NY 56.65 57.31 16,514,000 16,081,000 -2.6 2,727,379,000
128 Carolina Financial Corporation Charleston SC 56.66 51.61 25,846 23,736 -8.2 3,891,853
129 Dime Community Bancshares, Inc. Brooklyn NY 56.76 54.23 22,234 20,764 -6.6 6,498,362
130 First Bancorp, Inc. Lebanon VA 56.99 54.60 11,654 10,563 -9.4 1,890,893
131 First Commonwealth Financial Corporation Indiana PA 57.00 56.44 51,008 48,574 -4.8 8,070,854
132 CrossFirst Bankshares, Inc. Leawood KS 57.13 87.93 21,960 25,557 16.4 4,473,182
133 Bank of America Corporation Charlotte NC 57.35 57.97 13,352,000 13,281,000 -0.5 2,396,484,000
134 Canandaigua National Corporation Canandaigua NY 57.44 63.71 21,848 22,670 3.8 2,936,400
135 HBT Financial, Inc. Bloomington IL 57.59 53.95 24,354 20,183 -17.1 3,224,160
136 NBT Bancorp Inc. Norwich NY 57.61 57.93 66,194 65,121 -1.6 9,635,718
137 Huntington Bancshares Incorporated Columbus OH 57.69 57.45 700,490 662,904 -5.4 108,247,199
138 1st Source Corporation South Bend IN 57.71 58.59 47,671 46,061 -3.4 6,650,331
139 Amboy Bancorporation Old Bridge NJ 57.79 81.21 13,870 18,144 30.8 2,305,087
140 Citigroup Inc. New York NY 57.87 58.30 10,603,000 10,969,000 3.5 1,988,226,000
141 Mercantile Bank Corporation Grand Rapids MI 57.89 61.91 22,147 21,462 -3.1 3,576,139
142 TrustCo Bank Corp NY Glenville NY 57.99 55.49 26,513 25,577 -3.5 5,228,082
143 Bridge Bancorp, Inc. Bridgehampton NY 58.00 56.44 23,972 22,476 -6.2 4,714,506
144 BTC Financial Corporation Des Moines IA 58.05 57.76 27,707 26,468 -4.5 4,721,733
145 First Financial Corporation Terre Haute IN 58.10 51.82 23,535 20,911 -11.1 3,060,715
146 TriCo Bancshares Chico CA 58.11 64.57 46,853 37,870 -19.2 6,395,172
147 Arrow Financial Corporation Glens Falls NY 58.13 55.39 16,908 16,192 -4.2 3,005,750
148 Santander Holdings USA, Inc. Boston MA 58.14 58.72 1,538,984 1,446,048 -6.0 143,910,431
149 Atlantic Union Bankshares Corporation Richmond VA 58.18 53.19 104,929 82,382 -21.5 17,161,910
Midland States Bancorp, Inc. Effingham IL 58.18 69.34 40,194 46,553 15.8 5,546,055
151 Simmons First National Corporation Pine Bluff AR 58.21 55.05 112,787 101,166 -10.3 17,937,705
152 Heartland Financial USA, Inc. Dubuque IA 58.25 65.81 93,383 87,353 -6.5 12,160,290
People's United Financial, Inc. Bridgeport CT 58.25 60.59 276,966 247,967 -10.5 51,622,915
154 Allegiance Bancshares, Inc. Houston TX 58.28 65.52 30,083 19,855 -34.0 4,793,136
155 Renasant Corporation Tupelo MS 58.44 59.85 93,378 79,026 -15.4 12,892,653
156 Business First Bancshares, Inc. Baton Rouge LA 58.47 69.61 14,480 12,015 -17.0 2,155,707
157 Marlin Business Services Corp. Mount Laurel NJ 58.50 54.46 18,538 15,449 -16.7 1,291,472
158 BOK Financial Corporation Tulsa OK 58.53 60.38 268,219 236,154 -12.0 42,003,496
159 Regions Financial Corporation Birmingham AL 58.57 62.72 881,000 934,119 6.0 127,871,000
160 PNC Financial Services Group, Inc. Pittsburgh PA 58.59 58.78 2,621,970 2,582,285 -1.5 405,855,135
161 First Midwest Bancorp, Inc. Chicago IL 58.62 66.52 113,512 108,544 -4.4 17,462,233
162 Citizens Financial Group, Inc. Providence RI 58.72 57.96 959,097 878,226 -8.4 163,345,723
163 Wilson Bank Holding Company Lebanon TN 58.77 59.81 18,377 17,659 -3.9 2,694,661
164 Financial Institutions, Inc. Warsaw NY 58.92 59.25 24,888 23,344 -6.2 4,313,945
165 Hancock Whitney Corporation Gulfport MS 59.11 63.02 184,778 184,899 0.1 28,774,563
166 Franklin Financial Network, Inc. Franklin TN 59.23 56.25 19,370 18,050 -6.8 4,071,971
167 Old National Bancorp Evansville IN 59.41 69.50 128,263 129,973 1.3 20,145,314
168 Hanmi Financial Corporation Los Angeles CA 59.54 57.51 29,648 29,422 -0.8 5,511,752
169 Stock Yards Bancorp, Inc. Louisville KY 59.55 55.42 26,095 22,540 -13.6 3,466,136
170 CenterState Bank Corporation Winter Haven FL 59.60 62.46 121,709 79,365 -34.8 17,036,597
171 Farmers & Merchants Investment, Inc. Lincoln NE 59.69 57.16 33,880 34,113 0.7 4,300,596
172 Banner Corporation Walla Walla WA 59.72 63.82 86,584 83,145 -4.0 11,847,374
173 Bremer Financial Corporation Saint Paul MN 59.73 62.39 76,289 80,223 5.2 12,745,024
Investors Bancorp, Inc. Short Hills NJ 59.73 55.97 103,645 102,380 -1.2 27,125,818
175 Citizens Bancorp Investment, Inc. Lafayette TN 59.96 57.14 6,452 5,839 -9.5 934,417
176 Bryn Mawr Bank Corporation Bryn Mawr PA 59.99 59.62 35,023 34,179 -2.4 4,736,565
177 Century Bancorp, Inc. Medford MA 60.04 58.89 18,292 17,123 -6.4 5,200,501
178 Community Bank System, Inc. De Witt NY 60.17 56.41 90,679 85,596 -5.6 10,745,388
179 Cambridge Financial Group, Inc. Cambridge MA 60.21 59.75 20,989 19,143 -8.8 4,120,644
180 Civista Bancshares, Inc. Sandusky OH 60.23 82.22 16,639 15,960 -4.1 2,202,995
181 ANB Corporation Terrell TX 60.31 61.82 21,751 23,672 8.8 3,130,574
First Defiance Financial Corp. Defiance OH 60.31 60.34 24,233 22,666 -6.5 3,277,552
183 American Bancor, Ltd. Dickinson ND 60.73 61.16 13,129 12,624 -3.8 1,874,150
184 INTRUST Financial Corporation Wichita KS 60.75 64.52 35,192 34,552 -1.8 5,383,093
185 CNB Financial Corporation Clearfield PA 60.77 60.39 21,984 19,543 -11.1 3,400,974
186 Minnwest Corporation Minnetonka MN 60.84 61.65 12,913 11,298 -12.5 2,076,034
187 Univest Financial Corporation Souderton PA 61.00 61.46 36,778 34,347 -6.6 5,154,298
188 Peapack-Gladstone Financial Corporation Bedminster NJ 61.06 60 26,173 24,941 -4.7 4,871,234
189 215 Holding Company Minneapolis MN 61.09 58.63 5,201 4,955 -4.7 732,862
190 Associated Banc-Corp Green Bay WI 61.12 64.46 193,717 211,350 9.1 33,272,628
191 Foresight Financial Group, Inc. Winnebago IL 61.37 61.16 7,391 7,348 -0.6 1,192,303
192 Meta Financial Group, Inc. Sioux Falls SD 61.53 73.29 73,726 50,025 -32.1 6,101,101
193 KeyCorp Cleveland OH 61.75 58.82 1,006,110 988,080 -1.8 145,121,356
194 Heritage Financial Corporation Olympia WA 61.87 66.96 37,202 35,671 -4.1 5,376,686
195 Midland Financial Co. Oklahoma City OK 61.95 61.42 107,027 102,248 -4.5 20,086,391
196 Wintrust Financial Corporation Rosemont IL 62.00 61.40 228,753 206,156 -9.9 33,628,866
197 Heartland BancCorp Whitehall OH 62.13 60.43 7,573 6,105 -19.4 1,101,336
198 First Foundation Inc. Irvine CA 62.15 77.03 32,359 34,012 5.1 6,286,068
199 RCB Holding Company, Inc. Claremore OK 62.21 64.74 21,455 20,521 -4.4 3,155,682
200 Red River Bancshares, Inc. Alexandria LA 62.43 59.22 12,836 11,267 -12.2 1,892,918

Note: Only top tier bank holding companies that file a Y-9C statement with the Fed as of November 1, 2019, are included. *Noninterest expense divided by (total income minus interest expense)
Figures for prior periods are not adjusted for mergers and acquisitions.
© 2019 American Banker
Source:

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