Largest Banking Companies Ranked by Return on Equity

November 23, 2004, 10:08 a.m. EST 1 Min Read

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Largest Banking Companies Ranked by Return on Equity
In the second quarter of 2004. Dollars in thousands Published November 23, 2004
Rank		Second quarter			First half ROE*
Rank		Average equity	Net income	ROE*	First half ROE*
1	Fremont General Corp. Santa Monica, Calif.	$799,495	$95,378	47.719%	47.234%
2	Westamerica Bancorp. San Rafael, Calif.	318,560	24,644	30.944	30.649
3	Investors Financial Services Corp. Boston	473,082	35,418	29.947	23.904
4	TCF Financial Corp. Minneapolis	942,378	65,218	27.682	26.817
5	Trustco Bank Corp. Glenville, N.Y.	213,533	14,371	26.920	25.683
6	Doral Financial Corp. San Juan, Puerto Rico	1,733,002	114,906	26.522	25.873
7	Hudson United Bancorp Mahwah, N.J.	478,972	31,659	26.439	26.402
8	Signature Bank New York	277,280	18,273	26.360	18.259
9	First Horizon National Corp. Memphis	1,870,932	118,384	25.310	24.852
10	F.N.B. Corp. Hermitage, Pa.	239,667	15,065	25.143	25.889
11	Oriental Financial Group Inc. San Juan, Puerto Rico	290,672	18,078	24.878	26.427
12	Bank of Hawaii Corp. Honolulu	732,700	44,232	24.147	21.912
13	Flagstar Bancorp Inc. Troy, Mich.	692,422	41,190	23.795	22.981
14	UnionBanCal Corp. San Francisco	3,933,788	231,097	23.499	19.716
15	Capital One Financial Corp. McLean, Va.	6,943,278	407,387	23.469	25.643
16	CVB Financial Corp. Ontario, Calif.	304,452	17,452	22.929	18.405
17	North Fork Bancorp. Inc. Melville, N.Y.	1,912,760	108,999	22.794	24.425
18	MBNA Corp. Wilmington, Del.	11,773,265	660,335	22.435	19.840
19	U.S. Bancorp Minneapolis	19,043,000	1,036,900	21.780	21.179
20	Valley National Bancorp Wayne, N.J.	681,387	36,729	21.561	22.375
21	Fifth Third Bancorp Cincinnati	8,566,000	447,710	20.906	20.250
22	R&G Financial Corp. Hato Rey, Puerto Rico	781,179	40,747	20.864	20.570
23	AmSouth Bancorp. Birmingham, Ala.	3,305,636	166,963	20.203	19.931
24	National City Corp. Cleveland	10,370,000	519,046	20.021	29.664
25	Commerce Bancorp Inc. Cherry Hill, N.J.	1,333,994	66,235	19.861	18.613
26	Independent Bank Corp. Ionia, Mich.	181,652	8,983	19.781	19.995
27	Golden West Financial Corp. Oakland, Calif.	6,404,810	316,718	19.780	19.726
28	Wells Fargo & Co. San Francisco	35,190,000	1,714,000	19.483	19.849
29	First Midwest Bancorp Inc. Itasca, Ill.	515,515	24,712	19.175	18.768
30	Compass Bancshares Inc. Birmingham, Ala.	1,924,432	91,745	19.070	18.588
31	Huntington Bancshares Inc. Columbus, Ohio	2,323,000	110,127	18.963	18.627
32	W Holding Co. Inc. Mayaguez, Puerto Rico	872,319	41,023	18.811	19.005
33	Associated Banc-Corp. Green Bay, Wis.	1,374,632	64,505	18.770	18.023
34	Mellon Financial Corp. Pittsburgh	3,796,000	176,000	18.546	22.340
35	UCBH Holdings Inc. San Francisco	437,288	20,268	18.540	18.559
36	Dime Community Bancshares Inc. Brooklyn, N.Y.	269,337	12,406	18.425	18.065
37	Trustmark Corp. Jackson, Miss.	717,381	33,023	18.413	16.815
38	Westcorp Irvine, Calif.	1,191,408	54,415	18.269	16.777
39	Park National Corp. Newark, Ohio	529,667	24,085	18.189	17.536
40	First Banks Inc. Clayton, Mo.	574,197	26,003	18.114	15.634
41	Cullen/Frost Bankers Inc. San Antonio	757,896	34,118	18.007	17.392
42	Popular Inc. Hato Rey, Puerto Rico	2,859,664	127,799	17.876	17.481
43	Marshall & Ilsley Corp. Milwaukee	3,405,894	151,709	17.817	17.571
44	First Interstate BancSystem Inc. Billings, Mont.	282,843	12,572	17.779	15.866
45	Corus Bankshares Inc. Chicago	552,935	24,576	17.779	15.436
46	Wilmington Trust Corp. Del.	823,900	36,500	17.721	17.485
47	Commercial Capital Bancorp Inc. Irvine, Calif.	247,338	10,923	17.665	20.291
48	East West Bancorp Inc. San Marino, Calif.	411,838	18,029	17.511	17.735
49	Synovus Financial Corp. Columbus, Ga.	2,402,271	105,141	17.507	17.723
50	Glacier Bancorp Inc. Kalispell, Mont.	247,483	10,763	17.396	17.444
51	PNC Financial Services Group Pittsburgh	7,034,000	304,000	17.287	18.003
52	Republic Bancorp Inc. Owosso, Mich.	382,629	16,368	17.111	17.132
53	BankAtlantic Bancorp Inc. Fort Lauderdale, Fla.	435,852	18,620	17.088	12.807
54	Central Pacific Financial Corp. Honolulu	203,358	8,668	17.050	16.410
55	Bank of New York Co. Inc.	8,704,000	371,000	17.050	17.067
56	HSBC USA Inc. New York	7,792,000	331,000	16.992	16.861
57	Hudson City Bancorp Inc. Paramus, N.J.	1,375,819	58,418	16.984	16.870
58	City National Corp. Beverly Hills	1,230,167	52,200	16.973	16.817
59	Northern Trust Corp. Chicago	3,112,500	130,800	16.810	16.732
60	U.S.B. Holding Co. Inc. Orangeburg, N.Y.	168,496	7,037	16.705	16.927
61	Astoria Financial Corp. Lake Success, N.Y.	1,390,146	57,501	16.545	15.849
62	Bank of America Corp. Charlotte	93,266,000	3,849,000	16.508	18.401
63	S & T Bancorp Inc. Indiana, Pa.	330,474	13,572	16.427	13.734
64	International Bancshares Corp. Laredo, Tex.	638,990	26,229	16.419	17.112
65	Hibernia Corp. New Orleans	1,820,800	73,350	16.114	15.390
66	First Financial Holdings Inc. Charleston, S.C.	166,529	6,702	16.098	14.750
67	NBT Bancorp Inc. Norwich, N.Y.	314,980	12,568	15.960	15.808
68	Irwin Financial Corp. Columbus, Ind.	461,336	17,944	15.558	15.733
69	Wachovia Corp. Charlotte	32,496,000	1,252,000	15.411	15.348
70	Comerica Inc. Detroit	5,003,000	192,000	15.351	14.023
71	United Bankshares Inc. Charleston, W.Va.	633,242	24,214	15.295	15.201
72	MB Financial Inc. Chicago	405,920	15,470	15.244	15.209
73	Sky Financial Group Inc. Bowling Green, Ohio	1,060,518	40,201	15.163	18.887
74	Zions Bancorp. Salt Lake City	2,618,259	98,842	15.100	15.278
75	BB&T Corp. Winston-Salem, N.C.	10,608,131	400,106	15.087	13.994
76	National Penn Bancshares Inc. Boyertown, Pa.	323,641	12,180	15.054	15.120
77	Pacific Capital Bancorp Santa Barbara, Calif.	441,279	16,547	14.999	27.907
78	Independent Bank Corp. Rockland, Mass.	176,618	6,621	14.995	15.081
79	Harleysville National Corp. Pa.	250,504	9,382	14.981	15.150
80	Harbor Florida Bancshares Inc. Fort Pierce	274,343	10,269	14.972	14.802
81	Hancock Holding Co. Gulfport, Miss.	439,972	16,372	14.885	13.914
82	FirstFed Financial Corp. Santa Monica, Calif.	445,848	16,553	14.851	14.167
83	State Street Corp. Boston	5,926,000	220,000	14.850	14.851
84	Commerce Bancshares Inc. Kansas City, Mo.	1,452,019	53,838	14.831	14.421
85	Prosperity Bancshares Inc. Houston, Tex.	228,689	8,362	14.626	14.534
86	SunTrust Banks Inc. Atlanta	10,194,200	364,837	14.315	14.441
87	BOK Financial Corp. Tulsa	1,275,108	45,533	14.284	13.410
88	First BanCorp Santurce, Puerto Rico	1,119,628	39,935	14.267	14.413
89	United Community Banks Inc. Blairsville, Ga.	311,942	11,049	14.168	14.257
90	BancorpSouth Inc. Tupelo, Miss.	886,197	31,273	14.116	13.341
91	Colonial BancGroup Inc. Montgomery, Ala.	1,240,975	43,334	13.968	13.507
92	Anchor BanCorp Wisconsin Inc. Madison	304,802	10,597	13.907	13.907
93	KeyCorp Cleveland	6,879,000	239,000	13.897	14.147
94	Webster Financial Corp. Waterbury, Conn.	1,323,070	45,843	13.860	14.059
95	First Charter Corp. Charlotte, N.C.	296,699	10,255	13.825	13.003
96	Cathay General Bancorp Los Angeles	641,866	22,144	13.800	13.223
97	Fulton Financial Corp. Lancaster, Pa.	1,101,590	37,864	13.749	14.373
98	Community Trust Bancorp Inc. Pikeville, Ky.	225,822	7,756	13.738	13.318
99	Santander BanCorp Hato Rey, Puerto Rico	467,743	16,046	13.722	16.587
100	Texas Regional Bancshares Inc. McAllen	549,340	18,832	13.712	14.327
101	Wintrust Financial Corp. Lake Forest, Ill.	366,841	12,493	13.622	13.332
102	Bremer Financial Corp. St. Paul	439,455	14,946	13.604	13.528
103	Sovereign Bancorp Inc. Philadelphia	3,879,403	131,354	13.544	12.559
104	Banknorth Group Inc. Portland, Maine	28,466,166	95,847	13.468	13.740
105	Silicon Valley Bancshares Santa Clara, Calif.	467,076	15,708	13.452	12.770
106	Greater Bay Bancorp Palo Alto, Calif.	730,420	24,533	13.435	13.194
107	PFF Bancorp Inc. Pomona, Calif.	321,778	10,775	13.394	13.394
108	Integra Bank Corp. Evansville, Ind.	200,084	6,655	13.304	-19.050
109	BancFirst Corp. Oklahoma City	263,009	8,638	13.137	12.624
110	M&T Bank Corp. Buffalo	5,656,000	184,385	13.040	12.081
111	Sandy Spring Bancorp Inc. Olney, Md.	196,719	6,393	12.999	13.956
112	Washington Federal Inc. Seattle	1,094,537	35,032	12.802	12.403
113	Southwest Bancorp. of Texas Inc. Houston	512,322	16,221	12.665	12.284
114	FirstMerit Corp. Akron	982,195	31,028	12.636	8.860
115	BFC Financial Corp. Fort Lauderdale, Fla.	104,484	3,261	12.484	15.774
116	Alabama National Bancorp. Birmingham	424,519	13,244	12.479	12.726
117	Yardville National Bancorp Hamilton, N.J.	143,056	4,462	12.476	11.461
118	Sterling Financial Corp. Spokane	436,652	13,483	12.351	12.149
119	Chittenden Corp. Burlington, Vt.	589,067	18,154	12.327	12.119
120	Hudson River Bancorp Inc. Hudson, N.Y.	286,692	8,835	12.327	12.327
121	First National Bankshares of Florida Naples	369,718	11,291	12.216	11.670
122	Heartland Financial USA Inc. Dubuque, Iowa	150,396	4,575	12.168	13.149
123	Mercantile Bankshares Corp. Baltimore	1,851,761	56,313	12.164	12.117
124	South Financial Group Inc. Greenville, S.C.	1,002,000	29,987	11.971	12.465
125	Downey Financial Corp. Newport Beach, Calif.	931,303	27,821	11.949	7.938
126	Citizens Banking Corp. Flint, Mich.	627,601	18,722	11.932	11.375
127	Capitol Bancorp Ltd. Lansing, Mich.	232,149	6,911	11.908	9.963
128	Fidelity Bankshares Inc. West Palm Beach, Fla.	191,213	5,688	11.899	11.987
129	Chemical Financial Corp. Midland, Mich.	469,366	13,866	11.817	12.003
130	WesBanco Inc. Wheeling, W.Va.	319,198	9,363	11.733	11.951
131	Independence Community Bank Corp. Brooklyn, N.Y.	2,016,667	58,248	11.553	12.705
132	MAF Bancorp Inc. Clarendon Hills, Ill.	910,958	25,970	11.403	11.144
133	First Financial Bancorp Hamilton, Ohio	364,574	10,337	11.341	10.929
134	Community Bank System Inc. Dewitt, N.Y.	430,660	12,141	11.277	11.061
135	Susquehanna Bancshares Inc. Lititz, Pa.	588,072	16,498	11.222	11.391
136	BankUnited Financial Corp. Coral Gables, Fla.	465,056	13,040	11.216	10.572
137	Boston Private Financial Holdings Inc. Boston	291,691	8,155	11.183	11.004
138	Umpqua Holdings Corp. Portland, Ore.	327,064	9,131	11.167	10.766
139	Amcore Financial Inc. Rockford, Ill.	373,933	10,415	11.141	10.787
140	1st Source Corp. South Bend, Ind.	317,805	8,718	10.973	8.686
141	First Republic Bank San Francisco	414,477	11,361	10.964	10.693
142	Northwest Bancorp Inc. Warren, Pa.	469,054	12,575	10.724	10.664
143	Sun Bancorp Inc. Vineland, N.J.	188,837	5,030	10.655	8.955
144	BancWest Corp. Honolulu	4,415,541	114,757	10.396	0.962
145	First Community Bancorp Rancho Santa Fe, Calif.	345,711	8,838	10.226	9.532
146	Whitney Holding Corp. New Orleans, La.	862,016	21,903	10.164	11.193
147	Commercial Federal Corp. Omaha	736,133	18,702	10.162	9.819
148	Hanmi Financial Corp. Los Angeles	302,765	7,545	9.968	12.411
149	Waypoint Financial Corp.Harrisburg, Pa.	404,081	9,952	9.851	7.484
150	First Commonwealth Financial Corp. Indiana, Pa.	476,543	11,560	9.703	10.836

*Annualized