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Largest Banking Companies Ranked by Return on Equity

Published May 12, 2004, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Largest Banking Companies Ranked by Return on Equity

Largest Banking Companies Ranked by Return on Equity
In the fourth quarter of 2003. Dollars in thousands
Published May 12, 2004
    Fourth quarter 12-month
ROE
Average equity Net income ROE
1 Fremont General Corp. Santa Monica, Calif. 630,235 68,097 43.22 48.57
2 State Street Corp. Boston 5,495,500 447,000 32.536 13.879
3 Doral Financial Corp. San Juan, Puerto Rico 1,187,327 94,654 31.888 25.836
4 WestAmerica Bancorp. San Rafael, Calif. 322,779 24,308 30.123 29.381
5 Oriental Financial Group Inc. San Juan, Puerto Rico 214,270 15,688 29.286 28.013
6 Flagstar Bancorp Inc. Troy, Mich. 519,197 36,671 28.252 47.576
7 MBNA Corp. Wilmington Del. 9,962,722 703,490 28.245 22.984
8 National City Corp. Cleveland 8,942,000 624,588 27.94 23.546
9 North Fork Bancorp Inc. Melville, N.Y. 1,523,543 102,383 26.88 26.149
10 Investors Financial Services Corp. Boston 478,083 31,924 26.71 18.957
11 First Horizon National Corp. Memphis 1,791,520 117,645 26.267 26.289
12 TCF Financial Corp. Minneapolis 941,134 59,496 25.287 23.054
13 Valley National Bancorp Wayne, N.J. 631,886 38,369 24.289 24.208
14 GreenPoint Financial Corp. New York 1,886,000 113,600 24.093 25.295
15 Hudson United Bancorp Mahwah, N.J. 434,724 24,482 22.526 25.674
16 Bank of America Corp. Charlotte 49,358,000 2,726,000 22.092 21.97
17 CVB Financial Corp. Ontario, Calif. 263,402 14,106 21.421 20.782
18 Fifth Third BancorpCincinnati 8,625,417 460,684 21.364 20.364
19 Mellon Financial Corp. Pittsburgh 3,476,000 184,000 21.174 20.278
20 R&G Financial Corp. Hato Rey, Puerto Rico 698,190 36,140 20.705 18.612
21 First BanCorp Santurce, Puerto Rico 1,062,619 54,955 20.687 17.064
22 Wells Fargo & Co. San Francisco 31,827,000 1,624,000 20.41 19.344
23 East West Bancorp Inc. San Marino, Calif. 321,596 16,407 20.407 18.115
24 AmSouth Bancorp. Birmingham, Ala. 3,111,676 158,552 20.382 20.085
25 International Bancshares Corp. Laredo, Tex. 561,852 28,470 20.269 22.69
26 Capital One Financial Corp. McLean, Va. 5,228,570 263,682 20.172 21.336
27 Golden West Financial Corp. Oakland, Calif. 5,791,258 290,655 20.075 20.364
28 Community First Bankshares Inc. Fargo, N.D. 367,807 18,193 19.785 20.496
29 New York Community Bancorp Inc. Westbury 2,274,705 112,065 19.706 20.744
30 Citigroup Inc. New York 96,636,500 4,760,000 19.703 19.599
31 Wilmington Trust Corp. Del. 776,356 37,990 19.574 17.011
32 Charter One Financial Inc. Cleveland 3,236,213 158,214 19.555 19.448
33 First Midwest Bancorp Inc. Itasca, Ill. 515,847 24,199 18.764 18.278
34 W Holding Co. Inc. Mayaguez, Puerto Rico 813,129 38,143 18.764 16.154
35 IndyMac Bancorp Inc. Pasadena, Calif. 925,559 43,313 18.719 18.3
36 Synovus Financial Corp. Columbus, Ga. 2,210,423 102,639 18.574 17.949
37 Sky Financial Group Inc. Bowling Green, Ohio 897,034 41,467 18.491 17.234
38 U.S. Bancorp Minneapolis 19,127,500 882,900 18.463 19.247
39 UCBH Holdings Inc. San Francisco 401,842 18,514 18.429 18.844
40 Provident Bankshares Corp. Baltimore 310,875 14,167 18.229 16.472
41 Trustmark Corp. Jackson, Miss. 672,521 30,464 18.119 17.556
42 Commerce Bancorp Inc. Cherry Hill, N.J. 1,255,925 56,606 18.028 18.809
43 Cullen/Frost Bankers Inc. San Antonio 729,456 32,635 17.896 17.78
44 Compass Bancshares Inc. Birmingham, Ala. 1,950,736 86,178 17.671 17.646
45 Marshall & Ilsley Corp. Milwaukee 3,219,053 141,124 17.536 16.79
46 Northern Trust Corp. Chicago 2,971,750 129,700 17.458 13.602
47 Bank One Corp. Chicago 22,516,500 978,000 17.374 15.64
48 Irwin Financial Corp. Columbus, Ind. 389,334 16,695 17.152 18.378
49 MAF Bancorp Inc. Clarendon Hills, Ill. 565,979 24,100 17.032 14.183
50 J.P. Morgan Chase & Co. New York 43,796,500 1,864,000 17.024 15.271
51 Bank of Hawaii Corp. Honolulu 912,700 38,673 16.949 15.02
52 Alabama National Bancorp. Birmingham 255,105 10,776 16.897 15.888
53 Popular Inc. Hato Rey, Puerto Rico 2,518,848 106,293 16.88 18.503
54 Huntington Bancshares Inc. Columbus, Ohio 2,219,996 93,261 16.804 16.954
55 Republic Bancorp Inc. Owosso, Mich. 348,153 14,625 16.803 17.334
56 Associated Banc-Corp. Green Bay, Wis. 1,324,688 55,609 16.792 17.576
57 Hibernia Corp. New Orleans 1,705,350 71,493 16.769 15.077
58 South Financial Group Inc. Greenville, S.C. 679,757 28,421 16.724 13.405
59 SouthTrust Corp. Birmingham, Ala. 4,317,100 180,486 16.723 15.872
60 National Penn Bancshares Inc. Boyertown, Pa. 268,388 11,197 16.688 16.202
61 SunTrust Banks Inc. Atlanta 8,283,413 342,507 16.539 14.668
62 PNC Financial Services Group Pittsburgh 6,671,000 274,000 16.429 15.05
63 Washington Mutual Inc. Seattle 20,711,500 843,000 16.281 18.855
64 Bank of New York Co. Inc. 7,560,000 307,000 16.243 15.116
65 NBT Bancorp Inc. Norwich, N.Y. 294,820 11,882 16.121 15.899
66 Fulton Financial Corp. Lancaster, Pa. 889,435 35,693 16.052 15.448
67 MB Financial Inc. Chicago 357,893 14,280 15.96 14.822
68 Texas Regional Bancshares Inc. McAllen 402,136 15,944 15.859 15.413
69 Westcorp Irvine, Calif. 990,919 39,118 15.791 16.113
70 UnionBanCal Corp. San Francisco 3,853,511 151,819 15.759 15.326
71 City National Corp. Beverly Hills 1,138,561 44,438 15.612 16.268
72 Zions Bancorp Salt Lake City 2,459,397 95,610 15.55 13.759
73 Hudson City Bancorp Inc. Paramus, N.J. 1,348,261 52,400 15.546 15.377
74 Independence Community Bank Corp. Brooklyn, N.Y. 933,868 36,241 15.523 14.597
75 United Community Banks Inc. Blairsville, Ga. 264,231 10,221 15.473 14.2
76 Webster Financial Corp. Waterbury, Conn. 1,071,095 41,386 15.46 15.16
77 BankAtlantic Bancorp Inc. Fort Lauderdale, Fla. 463,561 17,642 15.223 14.259
78 Banknorth Group Inc. Portland, Maine 2,407,798 91,562 15.211 14.513
79 Sovereign Bancorp Inc. Philadelphia 2,966,814 112,587 15.18 13.414
80 Commerce Bancshares Inc. Kansas City 1,447,073 53,861 14.888 14.273
81 Regions Financial Corp. Birmingham, Ala. 4,414,542 163,753 14.838 15.058
82 Chittenden CorpBurlington, Vt. 532,435 19,718 14.813 13.898
83 Colonial BancGroup Inc. Montgomery, Ala. 1,105,749 40,632 14.698 13.726
84 First Interstate BancSystem Inc. Billings, Mont. 270,304 9,850 14.576 15.793
85 PFF Bancorp Inc. Pomona, Calif. 307,674 11,086 14.413 13.613
86 Sterling Financial Corp. Spokane 249,613 8,988 14.403 14.414
87 Park National Corp. Newark, Ohio 518,199 18,389 14.195 16.695
88 FirstFed Financial Corp. Santa Monica, Calif. 428,433 15,161 14.155 15.977
89 Hancock Holding Co. Gulfport, Miss. 432,838 15,248 14.091 12.689
90 BB&T Corp. Winston-Salem, N.C. 8,692,245 305,027 14.037 11.972
91 Mercantile Bankshares Corp. Baltimore 1,444,133 50,645 14.028 13.146
92 BancorpSouth Inc. Tupelo, Miss. 829,745 28,871 13.918 15.502
93 Southwest Bancorp of Texas Inc. Houston 469,585 16,312 13.895 12.861
94 M&T Bank Corp. Buffalo, N.Y. 4,825,500 166,901 13.835 11.616
95 Provident Financial Group Inc. Cincinnati 879,500 30,222 13.745 10.964
96 Wachovia Corp. Charlotte 32,131,000 1,100,000 13.694 13.271
97 Corus Bankshares Inc. Chicago 500,495 17,103 13.669 11.576
98 Charles Schwab Corp. San Francisco 4,386,500 148,000 13.496 48.311
99 Wintrust Financial Corp. Lake Forest, Ill. 324,856 10,929 13.457 14.357
100 Anchor BanCorp Wisconsin Inc. Madison 295,829 9,938 13.437 15.887
101 KeyCorp Cleveland 6,973,000 234,000 13.423 13.081
102 National Commerce Financial Corp. Memphis 2,715,427 90,268 13.297 11.46
103 Bremer Financial Corp. St. Paul 429,646 14,206 13.226 13.553
104 Pacific Capital Bancorp Santa Barbara, Calif. 389,585 12,597 12.934 19.439
105 Astoria Financial Corp. Lake Success, N.Y. 1,497,920 47,959 12.807 13.264
106 Comerica Inc. Detroit 5,022,000 158,000 12.585 13.133
107 WesBanco Inc. Wheeling, W.Va. 318,221 9,890 12.432 11.38
108 First Commonwealth Financial Corp. Indiana, Pa. 410,257 12,734 12.416 12.954
109 Union Planters Corp. Memphis 3,181,596 98,733 12.413 15.741
110 Washington Federal Inc. Seattle 1,062,898 32,822 12.352 12.547
111 Chemical Financial Corp. Midland, Mich. 439,570 13,563 12.342 12.686
112 BOK Financial Corp. Tulsa 1,153,376 35,302 12.243 13.657
113 Cathay General Bancorp Los Angeles 554,510 16,763 12.092 15.132
114 Greater Bay Bancorp Palo Alto, Calif. 711,475 21,420 12.043 12.884
115 Commercial Federal Corp. Omaha 754,408 22,198 11.77 12.008
116 First Citizens Bancorp. of South Carolina Columbia 319,805 9,387 11.741 12.387
117 Gold Banc Corp. Inc. Leawood, Kan. 245,517 7,200 11.73 12.359
118 Whitney Holding Corp. New Orleans 821,638 23,820 11.596 11.963
119 HSBC USA Inc. New York 7,503,000 216,199 11.526 12.49
120 First Banks Inc. Clayton, Mo. 536,189 15,380 11.474 11.684
121 Citizens Banking Corp. Flint, Mich. 633,083 18,074 11.42 10.434
122 Amcore Financial Inc. Rockford, Ill. 348,180 9,876 11.346 12.425
123 BancWest Corp. Honolulu 4,043,415 114,579 11.335 10.744
124 Downey Financial Corp. Newport Beach, Calif. 867,418 23,758 10.956 11.654
125 Seacoast Financial Services Corp. New Bedford, Mass. 354,911 9,556 10.77 8.18
126 Susquehanna Bancshares Inc. Lititz, Pa. 537,919 14,014 10.421 11.584
127 BankUnited Financial Corp. Coral Gables, Fla. 450,725 11,550 10.25 10.299
128 Community Bank System Inc. Dewitt, N.Y. 339,503 8,670 10.215 11.784
129 Northwest Bancorp Inc. Warren, Pa. 480,600 12,021 10.005 10.909
130 First Financial Bancorp Hamilton, Ohio 371,019 8,841 9.532 10.266
131 NetBank Inc. Alpharetta, Ga. 428,577 10,010 9.343 12.104
132 Santander BanCorp Hato Rey, Puerto Rico 531,169 11,990 9.029 6.999
133 First Republic Bank San Francisco 304,152 6,654 8.751 12.074
134 UMB Financial Corp. Kansas City 807,813 17,663 8.746 7.282
135 Waypoint Financial Corp. Harrisburg, Pa. 418,190 8,895 8.508 9.955
136 United Bankshares Inc.Charleston, W.Va. 559,419 10,497 7.506 13.863
137 People’s Bank Bridgeport, Conn. 958,350 17,400 7.262 6.629
138 F.N.B. Corp. Hermitage, Pa. 609,081 10,321 6.778 9.663
139 First Citizens Bancshares Inc.Raleigh 992,850 16,574 6.677 7.545
140 First Niagara Financial Group Lockport, N.Y. 690,572 10,088 5.843 5.188
141 First National Bankshares of Florida Naples 403,925 4,147 4.107 7.912
142 Provident Financial Services Inc. Jersey City 825,444 8,211 3.979 2.307
143 Old National Bancorp Evansville, Ind. 718,630 5,276 2.937 9.476
144 FirstMerit Corp. Akron 986,669 6,482 2.628 12.389
145 Capitol Federal Financial Topeka, Kan. 970,223 4,618 1.904 1.904
146 BFC Financial Corp. Fort Lauderdale, Fla. 472,898 991 0.838 1.479
147 First Charter Corp. Charlotte 314,792 -490 -0.623 4.555
148 Trust Co. of New Jersey Jersey City 267,271 -4,529 -6.778 6.723
149 Riggs National Corp. Washington 383,996 -6,858 -7.144 0.256
150 Silicon Valley Bancshares Santa Clara, Calif. 500,930 -15,294 -12.212 2.42


Source: Sheshunoff Information Services, a division of Thomson Corp.
© 2004 American Banker


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