U.S. Bank Holding Companies with the Highest Multiples of Net Income to Salary and Benefits

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Rank Company City State Multiple Net income (loss) Salary and benefits Return on average assets
1 1867 Western Financial Corporation Stockton Calif. 3.68 $39,478 $10,730 $3,335,485
2 Amboy Bancorporation Old Bridge N.J. 3.26 19,265 5,903 2,340,572
3 Lauritzen Corporation Omaha Neb. 3.16 32,395 10,242 1,474,282
4 John Deere Capital Corporation Reno Nev. 2.76 160,216 58,055 40,497,683
5 Beal Financial Corporation Plano Tex. 2.75 41,897 15,256 6,358,818
6 Education Loan Finance, Inc. Farragut Tenn. 2.73 10,202 3,734 3,220,279
7 Synchrony Financial Stamford Conn. 2.55 1,056,000 414,000 105,943,000
8 ServisFirst Bancshares, Inc. Birmingham Ala. 2.42 37,563 15,499 9,005,112
9 Olney Bancshares of Texas, Inc. Olney Tex. 2.38 22,031 9,262 3,638,876
10 Cathay General Bancorp Los Angeles Calif. 2.28 72,835 31,915 18,004,966
11 Inwood Bancshares, Inc. Dallas Tex. 2.25 13,387 5,954 2,966,533
12 Merchants Bancorp Carmel Ind. 2.23 20,258 9,075 6,337,186
13 Sterling Bancorp Montebello N.Y. 2.16 122,447 56,603 30,087,578
14 Eagle Bancorp, Inc. Bethesda Md. 1.91 36,495 19,095 9,003,467
15 Silver Queen Financial Services, Inc. Greenwood Village Colo. 1.89 4,245 2,246 2,147,428
16 Sterling Bancorp, Inc. Southfield Mich. 1.89 13,884 7,364 3,323,253
17 Home BancShares, Inc. Conway Ark. 1.82 72,763 39,919 14,901,935
18 Lakeland Financial Corporation Warsaw Ind. 1.81 21,454 11,837 4,950,828
19 United National Corporation Sioux Falls S.D. 1.80 93,488 51,801 3,153,797
20 Western Alliance Bancorporation Phoenix Ariz. 1.79 127,375 70,978 26,324,245
21 East West Bancorp, Inc. Pasadena Calif. 1.75 171,416 97,998 43,274,659
22 ConnectOne Bancorp, Inc. Englewood Cliffs N.J. 1.74 21,696 12,449 6,161,269
23 Discover Financial Services Riverwoods Ill. 1.71 769,251 449,007 110,785,547
24 E*TRADE Financial Corporation Arlington Va. 1.65 274,020 165,645 61,706,779
25 CVB Financial Corp. Ontario Calif. 1.65 50,423 30,530 11,332,762
26 First Hawaiian, Inc. Honolulu Hawaii 1.65 74,199 44,955 20,598,220
27 Capitol Federal Financial, Inc. Topeka Kan. 1.63 22,409 13,769 9,359,095
28 Westamerica Bancorporation San Rafael Calif. 1.62 20,390 12,559 5,636,609
29 Washington Federal, Inc. Seattle Wash. 1.59 52,362 32,889 16,474,910
30 NexBank Capital, Inc. Dallas Tex. 1.58 16,237 10,305 10,170,960
31 Prosperity Bancshares, Inc. Houston Tex. 1.56 81,758 52,358 22,093,140
32 Veritex Holdings, Inc. Dallas Tex. 1.54 27,405 17,746 7,962,883
33 PacWest Bancorp Beverly Hills Calif. 1.54 110,026 71,424 26,724,627
34 Great Western Bancorp, Inc. Sioux Falls S.D. 1.52 50,284 33,010 12,788,301
35 Simmons First National Corporation Pine Bluff Ark. 1.51 81,826 54,357 17,758,574
36 First Financial Bankshares, Inc. Abilene Tex. 1.50 43,079 28,643 8,113,839
37 Independent Bank Group, Inc. McKinney Tex. 1.48 55,633 37,645 14,959,127
38 City Holding Company Cross Lanes W.Va. 1.47 22,371 15,229 4,957,021
39 Industry Bancshares, Inc. Industry Tex. 1.46 12,823 8,813 4,335,866
40 Northfield Bancorp, Inc. Woodbridge N.J. 1.45 13,139 9,033 4,811,682
41 Hometown Community Bancorp, Inc. Morton Ill. 1.42 16,402 11,538 3,930,193
42 Enterprise Financial Services Corp Clayton Mo. 1.40 29,069 20,830 7,346,791
43 Luther Burbank Corporation Santa Rosa Calif. 1.39 12,736 9,157 7,161,419
44 International Bancshares Corporation Laredo Tex. 1.39 51,446 37,038 11,966,035
45 S&T Bancorp, Inc. Indiana Pa. 1.35 26,936 19,936 7,571,991
46 BankUnited, Inc. Miami Lakes Fla. 1.34 76,219 56,890 32,950,535
47 Bridgewater Bancshares, Inc. Bloomington Minn. 1.32 7,805 5,915 2,232,339
48 New York Community Bancorp, Inc. Westbury N.Y. 1.32 99,046 75,161 52,537,629
49 Independent Bank Corp. Rockland Mass. 1.31 51,845 39,562 11,540,121
50 Pinnacle Financial Partners, Inc. Nashville Tenn. 1.29 110,521 85,919 27,547,834
51 Meridian Bancorp, Inc. Peabody Mass. 1.28 19,689 15,361 6,363,404
52 Ally Financial Inc. Detroit Mich. 1.28 381,000 298,000 181,485,000
53 Valley View Bancshares, Inc. Overland Park Kan. 1.27 11,468 8,998 3,229,232
54 Stockman Financial Corporation Miles City Mont. 1.27 19,779 15,633 3,832,436
55 First Security Bancorp Searcy Ark. 1.26 27,964 22,139 5,880,953
56 First of Long Island Corporation Glen Head N.Y. 1.26 10,783 8,555 4,162,595
57 Ambank Company, Inc. Sioux Center Iowa 1.26 5,678 4,518 1,288,966
58 TrustCo Bank Corp NY Glenville N.Y. 1.25 14,709 11,725 5,223,883
59 Great Southern Bancorp, Inc. Springfield Mo. 1.25 19,732 15,753 4,977,076
60 Hawaiian Electric Industries, Inc. Honolulu Hawaii 1.24 63,419 51,165 13,517,970
61 Hills Bancorporation Hills Iowa 1.24 11,283 9,129 3,357,732
62 Carolina Financial Corporation Charleston S.C. 1.22 16,628 13,634 3,982,940
63 Horizon Bancorp, Inc. Michigan City Ind. 1.21 20,537 16,948 5,186,714
64 United Bankshares, Inc. Charleston W.Va. 1.20 65,965 54,928 19,751,461
65 Amarillo National Bancorp, Inc. Amarillo Tex. 1.19 25,193 21,085 5,407,363
66 Ida Grove Bancshares, Inc. Ida Grove Iowa 1.19 6,394 5,359 1,654,736
67 OceanFirst Financial Corp. Toms River N.J. 1.19 24,971 21,029 8,139,673
68 Seacoast Banking Corporation of Florida Stuart Fla. 1.18 25,605 21,614 6,890,645
69 HBT Financial, Inc. Bloomington Ill. 1.18 17,437 14,816 3,166,613
70 American Express Company New York N.Y. 1.17 1,754,000 1,499,000 194,178,000
71 Pacific Premier Bancorp, Inc. Irvine Calif. 1.16 41,375 35,580 11,811,497
72 Premier Financial Bancorp, Inc. Huntington W.Va. 1.16 6,267 5,422 1,710,369
73 Comerica Incorporated Dallas Tex. 1.15 292,000 253,000 73,081,000
74 SVB Financial Group Santa Clara Calif. 1.15 267,281 233,003 68,466,759
75 First BanCorp. San Juan P.R. 1.14 46,327 40,637 12,530,713
76 First Bancshares, Inc. Merrillville Ind. 1.14 18,490 16,235 4,816,548
77 American National Bankshares Inc. Danville Va. 1.13 8,692 7,662 2,454,529
78 Popular, Inc. Hato Rey P.R. 1.13 165,000 146,000 52,480,000
79 Bank of Marin Bancorp Novato Calif. 1.12 9,448 8,412 2,592,071
80 Sandy Spring Bancorp, Inc. Olney Md. 1.12 29,383 26,234 8,437,538
81 Stock Yards Bancorp, Inc. Louisville Ky. 1.12 17,233 15,432 3,537,413
82 Axos Financial, Inc. Las Vegas Nev. 1.11 40,786 36,608 11,770,861
83 Charles Schwab Corporation San Francisco Calif. 1.11 951,000 854,000 278,987,000
84 BTC Financial Corporation Des Moines Iowa 1.11 19,056 17,129 4,932,358
85 American National Corporation Omaha Neb. 1.10 15,762 14,276 3,968,169
86 Texas Capital Bancshares, Inc. Dallas Tex. 1.10 88,141 79,920 33,526,714
87 F.N.B. Corporation Pittsburgh Pa. 1.10 102,742 93,195 34,353,479
88 Southern Missouri Bancorp, Inc. Poplar Bluff Mo. 1.08 7,829 7,240 2,251,303
89 FirstBank Holding Company Lakewood Colo. 1.08 67,808 62,857 19,592,914
90 Heritage Commerce Corp San Jose Calif. 1.08 11,277 10,467 3,182,471
91 Southside Bancshares, Inc. Tyler Tex. 1.08 19,792 18,388 6,542,075
92 Atlantic Union Bankshares Corporation Richmond Va. 1.07 53,239 49,721 17,443,777
93 Provident Financial Services, Inc. Jersey City N.J. 1.07 31,400 29,376 9,918,397
94 Camden National Corporation Camden Maine 1.06 14,488 13,604 4,520,315
95 Valley National Bancorp Wayne N.J. 1.06 81,891 77,271 33,765,539
96 First Bancshares, Inc. Hattiesburg Miss. 1.06 12,272 11,612 3,479,999
97 JPMorgan Chase & Co. New York N.Y. 1.05 9,080,000 8,645,000 2,764,661,000
98 Nicolet Bankshares, Inc. Green Bay Wis. 1.05 13,530 12,923 3,105,671
99 First Bancorp Southern Pines N.C. 1.04 25,019 23,977 6,069,387
100 Apple Financial Holdings, Inc. New York N.Y. 1.04 29,722 28,702 15,107,701
101 Hope Bancorp, Inc. Los Angeles Calif. 1.03 42,592 41,244 15,381,197
102 Washington Trust Bancorp, Inc. Westerly R.I. 1.02 18,814 18,362 5,200,966
103 Community Trust Bancorp, Inc. Pikeville Ky. 1.02 15,269 15,020 4,337,663
104 Pinnacle Bancorp, Inc. Omaha Neb. 1.01 41,965 41,400 12,010,644
105 Southern BancShares (N.C.), Inc. Mount Olive N.C. 1.01 11,849 11,698 2,943,161
106 First Foundation Inc. Irvine Calif. 1.01 17,356 17,167 6,358,407
107 M&T Bank Corporation Buffalo N.Y. 1.01 480,081 476,780 125,500,926
108 Arrow Financial Corporation Glens Falls N.Y. 1.01 10,067 10,015 3,112,822
109 WSFS Financial Corporation Wilmington Del. 1.00 53,882 53,661 12,272,673
110 1st Source Corporation South Bend Ind. 1.00 24,438 24,434 6,691,540
111 Customers Bancorp, Inc. Wyomissing Pa. 1.00 27,066 27,193 11,727,078
112 U.S. Bancorp Minneapolis Minn. 0.99 1,908,000 1,919,000 487,671,000
113 First Bancorp, Inc. Lebanon Va. 0.99 7,401 7,469 1,929,659
114 Lakeland Bancorp, Inc. Oak Ridge N.J. 0.99 18,874 19,062 6,493,567
115 Southern First Bancshares, Inc. Greenville S.C. 0.99 7,411 7,513 2,201,919
116 Wilson Bank Holding Company Lebanon Tenn. 0.99 10,266 10,415 2,742,496
117 First Community Bankshares, Inc. Bluefield Va. 0.98 9,156 9,323 2,205,047
118 PNC Financial Services Group, Inc. Pittsburgh Pa. 0.98 1,379,241 1,408,994 409,007,227
119 Franklin Financial Network, Inc. Franklin Tenn. 0.97 11,323 11,632 3,818,324
120 Old National Bancorp Evansville Ind. 0.97 69,781 71,729 20,438,812
121 Bridge Bancorp, Inc. Bridgehampton N.Y. 0.97 13,903 14,294 4,735,975
122 IBERIABANK Corporation Lafayette La. 0.97 99,850 103,257 31,734,598
123 Ameriprise Financial, Inc. Minneapolis Minn. 0.96 542,242 563,833 149,516,483
124 Salem Five Bancorp Salem Mass. 0.96 16,358 17,031 5,247,648
125 Cullen/Frost Bankers, Inc. San Antonio Tex. 0.96 111,836 116,600 33,179,016
126 First Financial Bancorp. Cincinnati Ohio 0.96 50,856 53,212 14,480,445
127 Farmers & Merchants Bancorp Lodi Calif. 0.95 13,737 14,404 3,569,937
128 Synovus Financial Corp. Columbus Ga. 0.95 135,726 142,516 47,661,182
129 Webster Financial Corporation Waterbury Conn. 0.95 93,865 98,608 29,941,592
130 Century Bancorp, Inc. Medford Mass. 0.95 10,083 10,600 5,299,181
131 Central Bancompany, Inc. Jefferson City Mo. 0.94 52,813 55,929 14,025,609
132 First Merchants Corporation Muncie Ind. 0.94 36,757 38,942 12,325,061
133 Bank of Hawaii Corporation Honolulu Hawaii 0.94 52,052 55,213 17,672,140
134 First Defiance Financial Corp. Defiance Ohio 0.94 13,171 14,018 3,351,003
135 Stearns Financial Services, Inc. Saint Cloud Minn. 0.94 13,678 14,570 2,342,123
136 First-West Texas Bancshares, Inc. Midland Tex. 0.94 3,310 3,526 1,307,761
137 CIT Group Inc. New York N.Y. 0.94 142,794 152,303 51,403,140
138 CBTX, Inc. Houston Tex. 0.94 13,075 13,952 3,432,348
139 First Interstate BancSystem, Inc. Billings Mont. 0.94 49,149 52,489 14,701,947
140 Fifth Third Bancorp Cincinnati Ohio 0.93 549,399 588,267 171,078,869
141 First Internet Bancorp Fishers Ind. 0.93 6,326 6,800 4,095,491
142 United Services Automobile Association San Antonio Tex. 0.93 1,213,102 1,306,907 173,748,031
143 Columbia Banking System, Inc. Tacoma Wash. 0.93 50,727 54,689 13,758,475
144 First Commonwealth Financial Corporation Indiana Pa. 0.92 26,644 28,846 8,152,027
145 Citigroup Inc. New York N.Y. 0.92 4,913,000 5,329,000 2,014,802,000
146 Mercantile Bank Corporation Grand Rapids Mich. 0.92 12,600 13,697 3,710,380
147 Huntington Bancshares Incorporated Columbus Ohio 0.92 372,197 405,067 108,735,233
148 Brookline Bancorp, Inc. Boston Mass. 0.91 22,596 24,882 7,889,157
149 United Community Banks, Inc. Blairsville Ga. 0.90 48,361 53,577 12,814,281
150 BOU Bancorp, Inc. Ogden Utah 0.90 6,999 7,770 1,443,952
151 Financial Institutions, Inc. Warsaw N.Y. 0.89 12,833 14,411 4,332,737
152 TriState Capital Holdings, Inc. Pittsburgh Pa. 0.89 16,334 18,430 7,198,449
153 Citizens Financial Group, Inc. Providence R.I. 0.88 448,770 507,645 164,974,535
154 Commerce Bancshares, Inc. Kansas City Mo. 0.88 109,242 123,836 25,908,935
155 WesBanco, Inc. Wheeling W.Va. 0.88 37,346 42,641 12,593,904
156 BOK Financial Corporation Tulsa Okla. 0.87 142,231 162,573 43,279,426
157 First Financial Corporation Terre Haute Ind. 0.87 12,257 14,029 3,984,400
158 TriCo Bancshares Chico Calif. 0.87 23,395 26,899 6,384,883
159 People's United Financial, Inc. Bridgeport Conn. 0.87 135,116 155,361 52,068,945
160 Alpine Banks of Colorado Glenwood Springs Colo. 0.87 15,012 17,289 3,844,241
161 South State Corporation Columbia S.C. 0.87 51,565 59,551 15,752,082
162 ANB Corporation Terrell Tex. 0.86 10,960 12,678 3,259,737
163 First Midwest Bancorp, Inc. Chicago Ill. 0.86 54,545 63,358 18,013,454
164 Cadence Bancorporation Houston Tex. 0.86 43,986 51,380 17,856,213
165 Guaranty Bancshares, Inc. Addison Tex. 0.85 7,530 8,896 2,325,445
166 Midland Financial Co. Oklahoma City Okla. 0.85 56,630 67,007 21,631,353
167 215 Holding Company Minneapolis Minn. 0.84 2,823 3,344 746,558
168 Regions Financial Corporation Birmingham Ala. 0.84 409,000 487,000 128,436,000
169 Farmers & Merchants Investment, Inc. Lincoln Neb. 0.84 17,893 21,348 4,460,653
170 Glacier Bancorp, Inc. Kalispell Mont. 0.83 51,610 61,939 13,718,792
171 Heritage Financial Corporation Olympia Wash. 0.83 17,895 21,509 5,515,185
172 BancFirst Corporation Oklahoma City Okla. 0.83 33,368 40,354 8,389,183
173 NBT Bancorp Inc. Norwich N.Y. 0.82 32,379 39,352 9,661,386
174 Bancorp, Inc. Wilmington Del. 0.82 20,425 24,851 4,943,537
175 Investors Bancorp, Inc. Short Hills N.J. 0.82 51,973 63,736 26,786,430
176 CNB Financial Corporation Clearfield Pa. 0.81 10,357 12,793 3,541,170
177 Bremer Financial Corporation Saint Paul Minn. 0.81 42,408 52,461 13,114,874
178 First Mid Bancshares, Inc. Mattoon Ill. 0.80 11,670 14,569 3,837,729
179 Umpqua Holdings Corporation Portland Ore. 0.80 84,502 105,661 28,930,855
180 Equity Bancshares, Inc. Wichita Kan. 0.80 10,406 13,038 4,075,839
181 Broadway Bancshares, Inc. San Antonio Tex. 0.79 13,029 16,407 3,842,092
182 Fulton Financial Corporation Lancaster Pa. 0.79 62,108 78,211 21,677,505
183 Civista Bancshares, Inc. Sandusky Ohio 0.79 7,708 9,707 2,269,065
184 Capital One Financial Corporation McLean Va. 0.79 1,332,622 1,688,333 378,810,387
185 Peoples Bancorp Inc. Marietta Ohio 0.79 14,868 18,931 4,396,148
186 Dacotah Banks, Inc. Aberdeen S.D. 0.78 9,500 12,160 2,619,186
187 Watford City Bancshares, Inc. Watford City N.D. 0.78 12,423 15,927 3,185,805
188 CenterState Bank Corporation Winter Haven Fla. 0.78 55,098 71,025 17,420,376
189 Univest Financial Corporation Souderton Pa. 0.78 17,662 22,785 5,353,611
190 Heartland BancCorp Whitehall Ohio 0.77 3,614 4,665 1,138,728
191 First State Bancshares, Inc. Farmington Mo. 0.77 9,451 12,212 2,568,773
192 Bryn Mawr Bank Corporation Bryn Mawr Pa. 0.77 16,360 21,146 4,828,641
193 Citizens Bancorp Investment, Inc. Lafayette Tenn. 0.77 2,854 3,689 932,374
194 Banner Corporation Walla Walla Wash. 0.77 39,577 51,192 12,097,842
195 Middlesex Bancorp, MHC Natick Mass. 0.77 11,750 15,212 4,941,035
196 South Central Bancshares of Kentucky, Inc. Glasgow Ky. 0.76 3,470 4,540 1,181,714
197 W.T.B. Financial Corporation Spokane Wash. 0.76 22,303 29,205 6,811,084
198 KeyCorp Cleveland Ohio 0.76 416,448 546,500 147,321,059
199 QNB Corp. Quakertown Pa. 0.76 3,090 4,063 1,245,863
200 Independent Bank Corporation Grand Rapids Mich. 0.76 12,445 16,410 3,550,837



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 Feb. 21, 2020.

© 2020 American Banker

Source: https://www.spglobal.com/en/