Texas Market Snapshot
| CEO Compensation for 2010 at Texas-Based Banks and Thrifts |
|||||
|---|---|---|---|---|---|
| Company name | City | CEO name | Total assets ($M) | Base salary* | Total compensation* |
| Comerica Inc. | Dallas | Ralph Babb | $53,667 | $2,727,452 | $8,845,449 |
| Cullen/Frost Bankers Inc. | San Antonio | Richard Evans | 17,617 | 800,000 | 3,921,160 |
| Prosperity Bancshares Inc. | Houston | David Zalman | 9,477 | 731,733 | 1,028,415 |
| Southside Bancshares Inc. | Tyler | B. G. Hartley | 3,000 | 509,600 | 845,029 |
| First Financial Bankshares Inc. | Abilene | F. Scott Dueser | 3,776 | 495,000 | 662,649 |
Comerica Inc., the largest publicly traded bank in Texas by total assets, reported the highest CEO compensation of $8.8 million for the year ended Dec 31, 2010, more than double the $4.3 million for 2009. The base salary increased to $2.7 million from $985,000. On the contrary, Prosperity Bancshares Inc. disclosed CEO compensation falling to $1.0 million from $3.4 million. The other three companies reported less than double-digit percentage changes in total compensation. | |||||
Only includes banks and thrifts that filed proxies as of April 5, 2011.
*Compensation as reported for the 2010 fiscal year from the company’s Summary Compensation table in the annual proxy statement. Total compensation includes base salary, stock and option awards, non-equity incentive plans, the change in pension value and nonqualified deferred compensation, as well as all other compensation.
Source: SNL Financial, Charlottesville, Va.
