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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

November 04, 2019, 9:36 a.m. EST 1 Min Read

Year to date through Jun. 30, 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 Lauritzen Corporation Omaha Neb. 3.14 $32,511 $10,345 $1,432,469
2 ServisFirst Bancshares, Inc. Birmingham Ala. 2.49 35,633 14,339 8,740,237
3 Inwood Bancshares, Inc. Dallas Tex. 2.21 13,103 5,931 2,827,277
4 Cathay General Bancorp Los Angeles Calif. 2.18 72,244 33,153 17,606,006
5 Olney Bancshares of Texas, Inc. Olney Tex. 2.15 20,117 9,351 3,586,035
6 Eagle Bancorp, Inc. Bethesda Md. 2.10 37,243 17,743 8,670,003
7 Synchrony Financial Stamford Conn. 2.04 849,000 416,000 106,388,000
8 Oritani Financial Corp. Township of Washington N.J. 1.99 12,781 6,413 4,070,923
9 Ally Financial Inc. Detroit Mich. 1.97 582,000 295,000 180,448,000
10 Lakeland Financial Corporation Warsaw Ind. 1.95 21,700 11,101 4,977,739
11 Home BancShares, Inc. Conway Ark. 1.90 72,164 37,976 15,287,575
12 Western Alliance Bancorporation Phoenix Ariz. 1.87 122,936 65,794 25,314,785
13 Sterling Bancorp, Inc. Southfield Mich. 1.87 13,434 7,192 3,281,485
14 CVB Financial Corp. Ontario Calif. 1.87 54,481 29,173 11,171,583
15 PacWest Bancorp Beverly Hills Calif. 1.86 128,125 68,956 26,344,414
16 United National Corporation Sioux Falls S.D. 1.86 95,015 51,182 3,103,052
17 Capitol Federal Financial, Inc. Topeka Kan. 1.73 22,897 13,245 9,307,154
18 Discover Financial Services Riverwoods Ill. 1.72 753,302 437,072 110,706,938
19 First Hawaiian, Inc. Honolulu Hawaii 1.72 72,433 42,185 20,527,546
20 First-West Texas Bancshares, Inc. Midland Tex. 1.66 5,948 3,582 1,344,837
21 Sterling Bancorp Montebello N.Y. 1.65 96,462 58,447 30,250,724
22 Merchants Bancorp Carmel Ind. 1.65 16,294 9,902 5,287,390
23 ConnectOne Bancorp, Inc. Englewood Cliffs N.J. 1.63 19,281 11,822 6,109,066
24 Bridgewater Bancshares, Inc. Bloomington Minn. 1.56 8,009 5,124 2,123,631
25 Prosperity Bancshares, Inc. Houston Tex. 1.55 82,258 52,941 22,404,604
26 Washington Federal, Inc. Seattle Wash. 1.55 53,854 34,700 16,468,525
27 First Financial Bankshares, Inc. Abilene Tex. 1.53 42,093 27,486 7,979,293
28 Westamerica Bancorporation San Rafael Calif. 1.50 19,625 13,090 5,540,149
29 East West Bancorp, Inc. Pasadena Calif. 1.49 150,380 100,747 42,892,358
30 John Deere Capital Corporation Reno Nev. 1.45 89,824 62,007 40,331,101
31 City Holding Company Cross Lanes W.Va. 1.44 22,752 15,785 4,940,036
32 BankUnited, Inc. Miami Lakes Fla. 1.43 81,451 56,851 33,092,265
33 1867 Western Financial Corporation Stockton Calif. 1.42 16,063 11,332 3,208,087
34 Amboy Bancorporation Old Bridge N.J. 1.41 9,816 6,974 2,305,087
35 Veritex Holdings, Inc. Dallas Tex. 1.40 26,876 19,157 8,010,106
36 Luther Burbank Corporation Santa Rosa Calif. 1.36 11,658 8,602 7,114,337
37 International Bancshares Corporation Laredo Tex. 1.34 50,018 37,246 12,227,016
38 New York Community Bancorp, Inc. Westbury N.Y. 1.34 97,246 72,572 52,776,254
39 Pinnacle Financial Partners, Inc. Nashville Tenn. 1.33 100,321 75,620 26,540,355
40 SVB Financial Group Santa Clara Calif. 1.31 317,987 242,108 63,801,058
41 E*TRADE Financial Corporation New York N.Y. 1.31 219,440 167,116 61,590,119
42 American Express Company New York N.Y. 1.29 1,762,000 1,367,000 197,598,000
43 S&T Bancorp, Inc. Indiana Pa. 1.29 26,101 20,289 7,334,605
44 Industry Bancshares, Inc. Industry Tex. 1.28 11,481 8,982 4,262,538
45 Southern BancShares (N.C.), Inc. Mount Olive N.C. 1.27 14,828 11,634 2,835,748
46 United Bankshares, Inc. Charleston W.Va. 1.27 67,207 52,879 19,882,539
47 Ida Grove Bancshares, Inc. Ida Grove Iowa 1.26 6,465 5,126 1,641,982
48 Hometown Community Bancorp, Inc. Morton Ill. 1.26 14,407 11,457 3,932,258
49 First Merchants Corporation Muncie Ind. 1.26 41,056 32,709 10,737,857
50 TrustCo Bank Corp NY Glenville N.Y. 1.25 14,665 11,711 5,228,082
51 First Security Bancorp Searcy Ark. 1.24 26,275 21,142 5,684,218
52 Farmers & Merchants Bancorp Lodi Calif. 1.24 14,106 11,405 3,435,260
53 First of Long Island Corporation Glen Head N.Y. 1.23 10,744 8,723 4,202,141
54 Independent Bank Group, Inc. McKinney Tex. 1.23 49,736 40,532 14,708,922
55 OFG Bancorp San Juan P.R. 1.22 23,980 19,593 6,464,127
56 Popular, Inc. Hato Rey P.R. 1.22 171,000 140,000 50,617,000
57 Hills Bancorporation Hills Iowa 1.22 11,220 9,204 3,263,551
58 American National Corporation Omaha Neb. 1.22 16,263 13,351 3,838,741
59 Comerica Incorporated Dallas Tex. 1.22 298,000 245,000 72,592,000
60 Nicolet Bankshares, Inc. Green Bay Wis. 1.21 18,549 15,367 3,054,813
61 Axos Financial, Inc. Las Vegas Nev. 1.20 40,634 33,807 11,220,238
62 Great Southern Bancorp, Inc. Springfield Mo. 1.20 18,375 15,317 4,874,974
63 Apple Financial Holdings, Inc. New York N.Y. 1.18 32,952 27,858 15,103,583
64 Valley View Bancshares, Inc. Overland Park Kan. 1.17 10,590 9,084 3,057,966
65 Charles Schwab Corporation San Francisco Calif. 1.17 937,000 804,000 276,321,000
66 Amarillo National Bancorp, Inc. Amarillo Tex. 1.16 24,620 21,157 5,429,600
67 Old Line Bancshares, Inc. Bowie Md. 1.16 8,912 7,671 3,075,613
68 Carolina Financial Corporation Charleston S.C. 1.15 15,074 13,159 3,891,853
69 Pinnacle Bancorp, Inc. Omaha Neb. 1.14 46,543 40,664 11,612,282
70 First Community Bankshares, Inc. Bluefield Va. 1.14 10,451 9,133 2,212,027
71 Community Trust Bancorp, Inc. Pikeville Ky. 1.14 18,324 16,087 4,377,257
72 Pacific Premier Bancorp, Inc. Irvine Calif. 1.14 38,527 33,837 11,783,781
73 Silver Queen Financial Services, Inc. Greenwood Village Colo. 1.14 2,622 2,310 1,776,490
74 FirstBank Holding Company Lakewood Colo. 1.13 69,972 62,006 19,251,894
75 Southern Missouri Bancorp, Inc. Poplar Bluff Mo. 1.12 7,556 6,772 2,214,541
76 JPMorgan Chase & Co. New York N.Y. 1.11 9,652,000 8,661,000 2,727,379,000
77 Stockman Financial Corporation Miles City Mont. 1.11 16,791 15,095 3,726,794
78 Sandy Spring Bancorp, Inc. Olney Md. 1.11 28,276 25,489 8,398,519
79 Synovus Financial Corp. Columbus Ga. 1.09 156,184 143,009 47,318,203
80 Umpqua Holdings Corporation Portland Ore. 1.08 111,810 103,084 27,986,075
81 WesBanco, Inc. Wheeling W.Va. 1.08 44,814 41,350 12,501,903
82 German American Bancorp, Inc. Jasper Ind. 1.08 15,271 14,117 3,971,272
83 Premier Financial Bancorp, Inc. Huntington W.Va. 1.08 5,859 5,427 1,704,131
84 Hope Bancorp, Inc. Los Angeles Calif. 1.07 42,681 39,898 15,338,934
85 Heritage Commerce Corp San Jose Calif. 1.06 11,353 10,698 3,108,031
86 First Volunteer Corporation Chattanooga Tenn. 1.06 5,333 5,030 1,005,850
87 Bank of Hawaii Corporation Honolulu Hawaii 1.05 56,919 54,317 17,688,845
88 Southside Bancshares, Inc. Tyler Tex. 1.04 18,610 17,891 6,372,870
89 Stock Yards Bancorp, Inc. Louisville Ky. 1.04 16,543 15,921 3,466,136
90 M&T Bank Corporation Buffalo N.Y. 1.04 473,260 455,737 121,554,895
91 First BanCorp. San Juan P.R. 1.03 41,287 40,000 12,537,196
92 First Bancshares, Inc. Hattiesburg Miss. 1.03 11,983 11,616 3,471,042
93 Seacoast Banking Corporation of Florida Stuart Fla. 1.03 23,253 22,615 6,824,886
94 Dime Community Bancshares, Inc. Brooklyn N.Y. 1.03 13,035 12,681 6,498,362
95 LegacyTexas Financial Group, Inc. Plano Tex. 1.03 26,977 26,281 9,939,744
96 Glacier Bancorp, Inc. Kalispell Mont. 1.02 52,392 51,440 12,676,361
97 Texas Capital Bancshares, Inc. Dallas Tex. 1.02 77,969 76,797 29,970,386
98 Ameris Bancorp Atlanta Ga. 1.01 38,904 38,440 11,889,460
99 First Bancshares, Inc. Merrillville Ind. 1.01 15,806 15,652 4,748,754
100 F.N.B. Corporation Pittsburgh Pa. 1.01 95,187 94,289 33,913,150
101 CBTX, Inc. Houston Tex. 1.01 14,316 14,185 3,380,029
102 Southern First Bancshares, Inc. Greenville S.C. 1.01 7,240 7,190 2,123,847
103 Valley National Bancorp Wayne N.J. 1.00 76,468 76,183 33,027,741
104 First Financial Corporation Terre Haute Ind. 1.00 12,569 12,545 3,060,715
105 Central Bancompany, Inc. Jefferson City Mo. 1.00 52,383 52,323 13,278,754
106 Webster Financial Corporation Waterbury Conn. 1.00 98,649 98,863 28,975,029
107 Meridian Bancorp, Inc. Peabody Mass. 1.00 15,168 15,228 6,368,833
108 First Commonwealth Financial Corporation Indiana Pa. 1.00 27,280 27,399 8,070,854
109 BOU Bancorp, Inc. Ogden Utah 0.99 7,216 7,256 1,327,459
110 PNC Financial Services Group, Inc. Pittsburgh Pa. 0.99 1,362,068 1,373,465 405,855,135
111 First Bancorp Southern Pines N.C. 0.99 23,859 24,150 6,012,614
112 Cullen/Frost Bankers, Inc. San Antonio Tex. 0.99 111,586 113,001 31,899,154
113 Columbia Banking System, Inc. Tacoma Wash. 0.99 51,724 52,407 13,091,917
114 Capital One Financial Corporation McLean Va. 0.99 1,625,396 1,647,501 373,618,924
115 1st Source Corporation South Bend Ind. 0.98 23,385 23,787 6,650,331
116 IBERIABANK Corporation Lafayette La. 0.98 101,598 103,375 31,446,532
117 Horizon Bancorp, Inc. Michigan City Ind. 0.98 16,642 16,951 5,098,682
118 Camden National Corporation Camden Maine 0.98 13,204 13,461 4,447,038
119 CIT Group Inc. New York N.Y. 0.98 137,635 140,866 50,557,624
120 First Financial Bancorp. Cincinnati Ohio 0.98 52,703 53,985 14,437,663
121 Atlantic Union Bankshares Corporation Richmond Va. 0.97 48,822 50,387 17,161,910
122 U.S. Bancorp Minneapolis Minn. 0.96 1,821,000 1,888,000 481,719,000
123 BancFirst Corporation Oklahoma City Okla. 0.95 34,167 36,124 7,642,041
124 Washington Trust Bancorp, Inc. Westerly R.I. 0.94 17,273 18,465 5,191,078
125 First Internet Bancorp Fishers Ind. 0.93 6,121 6,547 3,958,829
126 Simmons First National Corporation Pine Bluff Ark. 0.93 55,924 60,024 17,937,705
127 Bank of Marin Bancorp Novato Calif. 0.93 8,235 8,868 2,463,987
128 Salem Five Bancorp Salem Mass. 0.93 15,539 16,783 5,159,602
129 Bank of America Corporation Charlotte N.C. 0.92 7,348,000 7,972,000 2,396,484,000
130 Wilson Bank Holding Company Lebanon Tenn. 0.92 9,516 10,326 2,694,661
131 Arrow Financial Corporation Glens Falls N.Y. 0.92 8,934 9,727 3,005,750
132 First Bancorp, Inc. Lebanon Va. 0.91 6,642 7,285 1,890,893
133 HBT Financial, Inc. Bloomington Ill. 0.91 14,605 16,071 3,224,160
134 United Services Automobile Association San Antonio Tex. 0.91 1,115,402 1,229,505 168,532,297
135 Civista Bancshares, Inc. Sandusky Ohio 0.91 8,661 9,547 2,202,995
136 Midland Financial Co. Oklahoma City Okla. 0.91 60,032 66,267 20,086,391
137 INTRUST Financial Corporation Wichita Kan. 0.90 17,039 18,830 5,383,093
138 Heartland Financial USA, Inc. Dubuque Iowa 0.90 45,169 49,995 12,160,290
139 Lakeland Bancorp, Inc. Oak Ridge N.J. 0.90 17,457 19,379 6,407,442
140 Commerce Bancshares, Inc. Kansas City Mo. 0.90 107,971 120,062 25,789,450
141 Citigroup Inc. New York N.Y. 0.89 4,799,000 5,381,000 1,988,226,000
142 Educational Services of America, Inc. Farragut Tenn. 0.89 5,613 6,294 3,251,830
143 Citizens Financial Group, Inc. Providence R.I. 0.89 453,131 509,426 163,345,723
144 TriState Capital Holdings, Inc. Pittsburgh Pa. 0.88 14,691 16,624 6,846,003
145 Mercantile Bank Corporation Grand Rapids Mich. 0.88 11,716 13,305 3,576,139
146 Old National Bancorp Evansville Ind. 0.88 62,964 71,566 20,145,314
147 United Community Banks, Inc. Blairsville Ga. 0.88 44,086 50,282 12,792,742
148 CNB Financial Corporation Clearfield Pa. 0.87 9,767 11,210 3,400,974
149 Pedcor Capital, LLC Carmel Ind. 0.87 1,758 2,022 455,898
150 Stearns Financial Services, Inc. Saint Cloud Minn. 0.87 12,752 14,693 2,409,113
151 Century Bancorp, Inc. Medford Mass. 0.87 9,466 10,916 5,200,501
152 Cadence Bancorporation Houston Tex. 0.87 48,346 55,816 17,504,007
153 TriCo Bancshares Chico Calif. 0.86 23,061 26,719 6,395,172
154 Financial Institutions, Inc. Warsaw N.Y. 0.86 11,401 13,249 4,313,945
155 BOK Financial Corporation Tulsa Okla. 0.86 137,563 160,342 42,003,496
156 Huntington Bancshares Incorporated Columbus Ohio 0.85 364,568 427,866 108,247,199
157 Brookline Bancorp, Inc. Boston Mass. 0.85 20,471 24,035 7,651,825
158 First Defiance Financial Corp. Defiance Ohio 0.85 12,199 14,338 3,277,552
159 Alpine Banks of Colorado Glenwood Springs Colo. 0.85 14,459 17,053 3,697,401
160 215 Holding Company Minneapolis Minn. 0.85 2,842 3,360 732,862
161 People's United Financial, Inc. Bridgeport Conn. 0.84 133,239 158,231 51,622,915
162 Provident Financial Services, Inc. Jersey City N.J. 0.84 24,393 28,990 9,938,246
163 Enterprise Financial Services Corp Clayton Mo. 0.84 18,424 22,034 7,181,855
164 BTC Financial Corporation Des Moines Iowa 0.84 14,443 17,291 4,721,733
165 Northfield Bancorp, Inc. Woodbridge N.J. 0.83 8,204 9,838 4,768,282
166 Meta Financial Group, Inc. Sioux Falls S.D. 0.83 29,291 35,175 6,101,101
167 QNB Corp. Quakertown Pa. 0.83 3,143 3,790 1,212,005
168 Hancock Whitney Corporation Gulfport Miss. 0.83 88,277 106,634 28,774,563
169 Community Bank System, Inc. De Witt N.Y. 0.83 44,955 54,308 10,745,388
170 Banner Corporation Walla Walla Wash. 0.82 39,700 48,233 11,847,374
171 Canandaigua National Corporation Canandaigua N.Y. 0.82 10,884 13,232 2,936,400
172 SunTrust Banks, Inc. Atlanta Ga. 0.82 688,196 837,262 222,530,203
173 Farmers & Merchants Investment, Inc. Lincoln Neb. 0.82 13,859 16,946 4,300,596
174 Regions Financial Corporation Birmingham Ala. 0.82 390,000 477,000 127,871,000
175 Cambridge Financial Group, Inc. Cambridge Mass. 0.81 10,016 12,333 4,120,644
176 CenterState Bank Corporation Winter Haven Fla. 0.81 54,523 67,219 17,036,597
177 OceanFirst Financial Corp. Toms River N.J. 0.81 18,980 23,420 8,034,675
178 Broadway Bancshares, Inc. San Antonio Tex. 0.81 13,645 16,855 3,710,217
179 Frandsen Financial Corporation Arden Hills Minn. 0.81 7,418 9,203 1,719,006
180 NBT Bancorp Inc. Norwich N.Y. 0.79 30,555 38,567 9,635,718
181 Great Western Bancorp, Inc. Sioux Falls S.D. 0.79 26,784 33,835 12,954,896
182 BB&T Corporation Winston-Salem N.C. 0.79 886,000 1,120,000 230,872,000
183 Red River Bancshares, Inc. Alexandria La. 0.79 5,538 7,005 1,892,918
184 Independent Bank Corp. Rockland Mass. 0.78 30,628 39,022 11,605,624
185 Business First Bancshares, Inc. Baton Rouge La. 0.78 6,843 8,753 2,155,707
186 Bridge Bancorp, Inc. Bridgehampton N.Y. 0.78 10,653 13,659 4,714,506
187 Investors Bancorp, Inc. Short Hills N.J. 0.78 46,624 59,799 27,125,818
188 Bryn Mawr Bank Corporation Bryn Mawr Pa. 0.77 15,785 20,391 4,736,565
189 Midland States Bancorp, Inc. Effingham Ill. 0.77 16,355 21,134 5,546,055
190 Renasant Corporation Tupelo Miss. 0.77 46,625 60,325 12,892,653
191 TCF Financial Corporation Detroit Mich. 0.77 90,427 117,664 24,646,061
192 South Central Bancshares of Kentucky, Inc. Glasgow Ky. 0.76 3,293 4,322 1,177,849
193 RCB Holding Company, Inc. Claremore Okla. 0.76 10,019 13,203 3,155,682
194 ANB Corporation Terrell Tex. 0.76 9,043 11,922 3,130,574
195 Fulton Financial Corporation Lancaster Pa. 0.76 59,779 78,995 21,275,133
196 First Midwest Bancorp, Inc. Chicago Ill. 0.75 47,014 63,005 17,462,233
197 Univest Financial Corporation Souderton Pa. 0.75 16,468 22,089 5,154,298
198 Ambank Company, Inc. Sioux Center Iowa 0.74 3,850 5,217 1,272,868
199 Berkshire Hills Bancorp, Inc. Boston Mass. 0.74 25,448 34,521 13,663,492
200 Heritage Financial Corporation Olympia Wash. 0.74 15,984 21,732 5,376,686

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 November 1, 2019.
© 2019 American Banker
Source:

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Compensation Banks, thrifts and holding companies