Largest Net Interest Margins: Largest U.S. Banking Companies - Corrected

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

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*Largest Net Interest Margins: Largest U.S. Banking Companies - Corrected**
In the second quarter of 2004. Dollars in thousands Originally Published December 23, 2004; Corrected January 4, 2005
Rank				2nd quarter	Net interest margins		Assets
Rank				2nd quarter	Year earlier	Change	Assets
1	Capital One Financial Corp.	Falls Church	Va.	6.22%	7.52%	-1.30	$50,069,661
2	Westcorp	Irvine	Calif.	5.35	5.00	0.35	14,999,112
3	Westamerica Bancorp	San Rafael	Calif.	5.21	5.43	-0.22	4,611,811
4	Silicon Valley Bancshares	Santa Clara	Calif.	5.20	5.50	-0.30	4,857,521
5	MBNA Corp.	Wilmington	Del.	5.09	5.33	-0.24	60,856,258
6	Fremont General Corp.	Santa Monica	Calif.	4.88	5.28	-0.40	10,375,674
7	Wells Fargo & Co.	San Francisco	Calif.	4.83	5.12	-0.29	420,305,000
8	Community First Bankshares Inc.	Fargo	N.D.	4.68	5.11	-0.43	5,574,395
9	Umpqua Holdings Corp.	Roseburg	Ore.	4.57	4.74	-0.17	3,153,291
10	First Banks Inc.	Clayton	Mo.	4.56	4.44	0.12	7,324,076
11	Park National Corp.	Newark	Ohio	4.54	4.49	0.05	5,074,731
12	TCF Financial Corp.	Minneapolis	Minn.	4.53	4.45	0.08	11,942,863
13	Community Bank System Inc.	Dewitt	N.Y.	4.49	4.75	-0.26	4,357,754
	City National Corp.	Beverly Hills		4.49	4.79	-0.30	13,473,900
15	Pacific Capital Bancorp	Santa Barbara	Calif.	4.42	4.71	-0.29	5,684,329
16	Hancock Holding Co.	Gulfport	Miss.	4.40	4.37	0.03	4,464,937
17	First Interstate BancSystem Inc.	Billings	Mont.	4.36	4.52	-0.16	4,002,056
18	Texas Regional Bancshares Inc.	McAllen		4.31	3.88	0.43	5,438,748
	Whitney Holding Corp.	New Orleans		4.31	4.43	-0.12	7,789,126
20	Greater Bay Bancorp	Palo Alto	Calif.	4.29	4.11	0.18	7,613,295
	Commerce Bancorp Inc. (NJ)	Cherry Hill	N.J.	4.29	4.41	-0.12	26,738,671
22	U.S. Bancorp	Minneapolis		4.28	4.50	-0.22	190,230,000
23	North Fork Bancorp. Inc.	Melville	N.Y.	4.26	4.00	0.26	26,471,859
24	Synovus Financial Corp.	Columbus	Ga.	4.24	4.25	-0.01	23,560,216
	Mercantile Bankshares Corp.	Baltimore		4.24	4.38	-0.14	14,130,145
26	Zions Bancorp.	Salt Lake City		4.20	4.50	-0.30	30,894,325
27	Chittenden Corp.	Burlington	Vt.	4.18	4.14	0.04	5,835,744
28	Bank of Hawaii Corp.	Honolulu		4.17	4.12	0.05	9,688,769
29	East West Bancorp Inc.	San Marino	Calif.	4.12	4.28	-0.16	4,908,579
30	National City Corp.	Cleveland		4.09	4.11	-0.02	116,969,803
31	PFF Bancorp Inc.	Pomona	Calif.	4.08	4.08	0.00	3,644,217
32	Chemical Financial Corp.	Midland	Mich.	4.07	4.22	-0.15	3,841,739
33	Hudson United Bancorp	Mahwah	N.J.	4.05	4.18	-0.13	8,958,718
	Popular Inc.	Hato Rey	Puerto Rico	4.05	4.42	-0.37	39,556,239
35	Cathay General Bancorp	Los Angeles		4.02	3.91	0.11	5,770,129
	Cullen/Frost Bankers Inc.	San Antonio		4.02	3.95	0.07	9,570,376
	BB&T Corp.	Winston-Salem	N.C.	4.02	4.06	-0.04	97,348,285
38	National Penn Bancshares Inc.	Boyertown	Pa.	4.01	4.37	-0.36	4,254,345
39	Hibernia Corp.	New Orleans		4.00	4.32	-0.32	21,311,057
40	Southwest Bancorp. of Texas Inc.	Houston		3.99	4.09	-0.10	6,341,442
	NBT Bancorp Inc.	Norwich	N.Y.	3.99	4.18	-0.19	4,125,374
42	F.N.B. Corp.	Hermitage	Pa.	3.98	4.11	-0.13	4,771,095
	Citizens Banking Corp.	Flint	Mich.	3.98	4.17	-0.19	7,747,907
	First Financial Bancorp	Hamilton	Ohio	3.98	4.28	-0.30	3,948,752
	UnionBanCal Corp.	San Francisco		3.98	4.29	-0.31	46,295,831
46	United Community Banks Inc.	Blairsville	Ga.	3.97	3.99	-0.02	4,525,446
47	M&T Bank Corp.	Buffalo		3.92	4.12	-0.20	52,094,458
48	CVB Financial Corp.	Ontario	Calif.	3.91	4.00	-0.09	4,364,022
49	Valley National Bancorp	Wayne	N.J.	3.90	4.34	-0.44	10,484,538
50	First National Bankshares of Florida	Naples		3.88	4.10	-0.22	4,087,319
51	Commerce Bancshares Inc.	Kansas City	Mo.	3.85	4.15	-0.30	14,424,887
	Corus Bankshares Inc.	Chicago		3.85	4.37	-0.52	3,836,484
53	Trustmark Corp.	Jackson	Miss.	3.84	4.20	-0.36	8,250,337
54	National Commerce Financial Corp.	Memphis		3.83	3.86	-0.03	24,044,117
	New York Community Bancorp Inc.	Westbury	N.Y.	3.83	4.02	-0.19	24,087,750
56	First Midwest Bancorp Inc.	Itasca	Ill.	3.81	4.01	-0.20	6,834,285
57	Associated Banc-Corp.	Green Bay	Wis.	3.80	3.79	0.01	15,502,556
58	United Bankshares Inc.	Charleston	W.Va.	3.77	3.83	-0.06	6,522,802
	Comerica Inc.	Detroit		3.77	3.98	-0.21	54,543,000
60	Citigroup Inc.**	New York		3.75	3.92	-0.17	1,396,568,000
61	First Citizens Bancorp. Inc.	Columbia	S.C.	3.74	3.97	-0.23	4,456,655
62	BankAtlantic Bancorp Inc.	Fort Lauderdale	Fla.	3.73	3.27	0.46	5,428,378
	Fulton Financial Corp.	Lancaster	Pa.	3.73	3.91	-0.18	10,556,421
64	Sky Financial Group Inc.	Bowling Green	Ohio	3.69	3.73	-0.04	12,241,883
65	WesBanco Inc.	Wheeling	W.Va.	3.67	3.44	0.23	3,495,823
66	UCBH Holdings Inc.	San Francisco		3.66	3.42	0.24	6,062,112
	Banknorth Group Inc.	Portland	Maine	3.66	3.71	-0.05	29,275,790
	Bremer Financial Corp.	St. Paul		3.66	3.93	-0.27	5,870,480
	FirstMerit Corp.	Akron		3.66	4.06	-0.40	10,378,155
70	Alabama National Bancorp.	Birmingham		3.65	3.64	0.01	4,939,449
71	Irwin Financial Corp.	Columbus	Ind.	3.64	3.87	-0.23	5,425,172
72	MB Financial Inc.	Chicago		3.62	3.72	-0.10	4,995,703
73	Colonial BancGroup Inc.	Montgomery	Ala.	3.61	3.42	0.19	17,593,019
	Marshall & Ilsley Corp.	Milwaukee		3.61	3.65	-0.04	37,071,618
	First Horizon National Corp.**	Memphis		3.61	3.71	-0.10	27,289,699
76	Amcore Financial Inc.	Rockford	Ill.	3.60	3.63	-0.03	4,798,196
77	Compass Bancshares Inc.	Birmingham	Ala.	3.58	4.02	-0.44	27,901,092
78	First Niagara Financial Group	Lockport	N.Y.	3.57	3.25	0.32	5,025,940
	KeyCorp	Cleveland		3.57	3.85	-0.28	86,221,000
80	Independence Community Bank Corp.	Brooklyn	N.Y.	3.56	3.77	-0.21	18,017,754
81	BancWest Corp.	Honolulu		3.55	4.39	-0.84	40,264,148
82	Fifth Third Bancorp	Cincinnati		3.54	3.69	-0.15	95,613,539
83	Wilmington Trust Corp.		Del.	3.52	3.62	-0.10	9,289,600
	Susquehanna Bancshares Inc.	Lititz	Pa.	3.52	3.69	-0.17	7,309,820
	BancorpSouth Inc.	Tupelo	Miss.	3.52	3.75	-0.23	10,670,323
86	Commercial Capital Bancorp Inc.	Irvine	Calif.	3.51	3.29	0.22	4,743,850
	SouthTrust Corp.	Birmingham	Ala.	3.51	3.60	-0.09	52,910,368
	Washington Federal Inc.**	Seattle		3.51	3.62	-0.11	7,284,395
89	BOK Financial Corp.	Tulsa		3.46	3.47	-0.01	13,987,996
90	First BanCorp	Santurce	Puerto Rico	3.45	3.07	0.38	14,464,820
	1st Source Corp.	South Bend	Ind.	3.45	3.66	-0.21	3,315,249
92	AmSouth Bancorp.	Birmingham	Ala.	3.44	3.84	-0.40	48,295,813
93	BFC Financial Corp.**	Fort Lauderdale	Fla.	3.43	3.27	0.16	5,949,972
94	Sterling Financial Corp.	Spokane		3.40	3.31	0.09	6,259,111
95	Old National Bancorp	Evansville	Ind.	3.38	3.35	0.03	9,032,869
96	Wachovia Corp.	Charlotte		3.37	3.78	-0.41	418,441,000
97	First Citizens Bancshares Inc.	Raleigh		3.32	3.31	0.01	12,830,029
98	Provident Bankshares Corp.	Baltimore		3.31	3.18	0.13	6,423,052
99	First Federal Capital Corp.	La Crosse	Wis.	3.30	2.61	0.69	3,684,746
100	Bank of America Corp.	Charlotte		3.29	3.33	-0.04	1,037,202,000
	Huntington Bancshares Inc.	Columbus	Ohio	3.29	3.47	-0.18	31,421,206
102	Provident Financial Services Inc.	Jersey City	N.J.	3.28	3.56	-0.28	4,296,394
103	Santander BanCorp	Hato Rey	Puerto Rico	3.24	3.28	-0.04	7,951,094
104	People's Bank	Bridgeport	Conn.	3.23	3.03	0.20	10,659,500
	South Financial Group Inc.	Greenville	S.C.	3.23	3.32	-0.09	11,475,269
106	Sovereign Bancorp Inc.	Philadelphia		3.22	3.47	-0.25	48,686,877
107	Fidelity Bankshares Inc.	West Palm Beach	Fla.	3.20	3.33	-0.13	3,402,619
108	First Republic Bank	San Francisco		3.18	3.27	-0.09	6,824,978
	UMB Financial Corp.	Kansas City	Mo.	3.18	3.38	-0.20	6,932,602
	PNC Financial Services Group	Pittsburgh		3.18	3.91	-0.73	73,118,000
111	Northwest Bancorp Inc.	Warren	Pa.	3.17	2.92	0.25	5,778,623
112	First Commonwealth Financial Corp.	Indiana	Pa.	3.15	3.49	-0.34	6,260,984
113	SunTrust Banks Inc.	Atlanta		3.13	3.05	0.08	128,135,048
	Anchor BanCorp Wisconsin Inc.	Madison		3.13	3.39	-0.26	3,839,653
115	Wintrust Financial Corp.	Lake Forest	Ill.	3.12	3.14	-0.02	5,326,179
116	GreenPoint Financial Corp.	New York		3.10	3.23	-0.13	25,955,000
117	Charter One Financial Inc.	Cleveland	Ohio	3.08	2.84	0.24	42,504,673
118	First Charter Corp.	Concord	N.C.	3.06	2.92	0.14	4,339,213
119	MAF Bancorp Inc.	Clarendon Hills	Ill.	3.05	2.89	0.16	9,374,628
120	Webster Financial Corp.	Waterbury	Conn.	3.02	3.10	-0.08	17,025,870
121	Net.Bank Inc.	Alpharetta	Ga.	2.99	2.98	0.01	5,175,764
122	Gold Banc Corp. Inc.	Leawood	Kan.	2.98	3.14	-0.16	4,188,461
123	W Holding Co. Inc.	Mayaguez	Puerto Rico	2.92	2.92	0.00	13,086,428
124	Golden West Financial Corp.	Oakland	Calif.	2.91	3.02	-0.11	93,158,302
	Riggs National Corp.	Washington	D.C.	2.91	3.21	-0.30	6,744,101
	FirstFed Financial Corp.	Santa Monica	Calif.	2.91	3.40	-0.49	5,524,926
127	Dime Community Bancshares Inc.	Brooklyn	N.Y.	2.90	3.44	-0.54	3,469,498
128	Washington Mutual Inc.	Seattle		2.86	3.30	-0.44	278,544,000
129	International Bancshares Corp.**	Laredo	Tex.	2.85	3.71	-0.86	9,301,205
130	Charles Schwab Corp.**	San Francisco		2.83	2.43	0.40	47,321,000
131	IndyMac Bancorp Inc.	Pasadena	Calif.	2.75	2.73	0.02	15,538,516
	Republic Bancorp Inc.	Owosso	Mich.	2.75	3.24	-0.49	5,711,493
133	Commercial Federal Corp.	Omaha		2.74	2.39	0.35	11,713,841
134	R&G Financial Corp.	Hato Rey	Puerto Rico	2.71	2.72	-0.01	8,944,575
135	HSBC USA Inc.	Buffalo		2.70	3.07	-0.37	112,791,000
136	Hudson City Bancorp Inc.	Paramus	N.J.	2.65	2.63	0.02	18,671,335
137	Oriental Financial Group Inc.	San Juan	Puerto Rico	2.63	2.73	-0.10	3,725,695
138	Downey Financial Corp.	Newport Beach	Calif.	2.36	2.70	-0.34	14,222,347
139	Doral Financial Corp.	San Juan	Puerto Rico	2.26	1.98	0.28	13,340,419
140	Mellon Financial Corp.	Pittsburgh		2.24	2.94	-0.70	35,094,000
141	Waypoint Financial Corp.	Harrisburg	Pa.	2.22	2.44	-0.22	5,442,856
142	Astoria Financial Corp.	Lake Success	N.Y.	2.13	1.78	0.35	22,334,295
	Flagstar Bancorp Inc.	Bloomfield Hills	Mich.	2.13	2.26	-0.13	11,965,611
144	Bank of New York Co. Inc.			2.08	2.22	-0.14	97,536,000
145	Investors Financial Services Corp.	Boston		2.04	NA	NA	10,921,423
146	J.P. Morgan Chase & Co.	New York		1.87	2.47	-0.60	817,763,000
147	BankUnited Financial Corp.	Coral Gables	Fla.	1.86	1.81	0.05	8,262,013
148	Northern Trust Corp.	Chicago		1.60	1.76	-0.16	43,279,300
149	Capitol Federal Financial	Topeka	Kan.	1.30	1.13	0.17	8,447,353
150	State Street Corp.	Boston		1.13	1.10	0.03	94,140,000

Source: Highline Banking Data Services (877-305-6657)

Notes: *Publicly traded companies only **Estimates from Highline. These firms do not file an average daily balance sheet for financial notes form.