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

October 26, 2020, 10:54 a.m. EDT 1 Min Read
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U.S. Bank Holding Companies with the Highest Multiples of Net Income to Salary and Benefits
Rank Company City State Multiple Net income (loss) Salary and benefits Return on average assets
1 Beal Financial Corporation Plano Tex. 8.17 $95,833 $11,723 4.44
2 1867 Western Financial Corporation Stockton Calif. 3.67 35,515 9,665 3.91
3 Merchants Bancorp Carmel Ind. 3.49 41,162 11,788 1.89
4 Amboy Bancorporation Old Bridge N.J. 2.77 16,359 5,903 2.66
5 PNC Financial Services Group, Inc. Pittsburgh Pa. 2.64 3,647,991 1,379,294 3.21
6 NexBank Capital, Inc. Dallas Tex. 2.59 21,774 8,405 0.94
7 United National Corporation Sioux Falls S.D. 2.59 130,941 50,554 14.17
8 ServisFirst Bancshares, Inc. Birmingham Ala. 2.56 40,448 15,792 1.55
9 Inwood Bancshares, Inc. Dallas Tex. 2.48 15,801 6,378 1.82
10 Silver Queen Financial Services, Inc. Greenwood Village Colo. 2.17 4,029 1,860 0.75
11 Industry Bancshares, Inc. Industry Tex. 2.11 19,574 9,270 1.65
12 Bank7 Corp. Oklahoma City Okla. 1.94 5,036 2,597 2.07
13 Southern BancShares (N.C.), Inc. Mount Olive N.C. 1.94 21,492 11,090 2.58
14 Cathay General Bancorp Los Angeles Calif. 1.93 54,321 28,197 1.15
15 Lauritzen Corporation Omaha Neb. 1.81 18,637 10,316 4.75
16 First Financial Bankshares, Inc. Abilene Tex. 1.73 53,470 30,909 2.08
17 Lakeland Financial Corporation Warsaw Ind. 1.73 19,657 11,392 1.44
18 First Bancshares, Inc. Merrillville Ind. 1.72 19,718 11,463 1.53
19 Eagle Bancorp, Inc. Bethesda Md. 1.69 28,856 17,103 1.12
20 Prosperity Bancshares, Inc. Houston Tex. 1.64 130,901 79,730 1.61
21 Stockman Financial Corporation Miles City Mont. 1.58 27,544 17,466 2.56
22 BankUnited, Inc. Miami Lakes Fla. 1.57 76,508 48,779 0.89
23 Home BancShares, Inc. Conway Ark. 1.57 62,827 40,088 1.54
24 American National Corporation Omaha Neb. 1.52 21,905 14,441 2.03
25 Westamerica Bancorporation San Rafael Calif. 1.52 19,562 12,900 1.29
26 Capitol Federal Financial, Inc. Topeka Kan. 1.51 19,474 12,887 0.82
27 Premier Financial Corp. Defiance Ohio 1.48 29,058 19,586 1.67
28 CVB Financial Corp. Ontario Calif. 1.44 41,631 28,968 1.32
29 New York Community Bancorp, Inc. Westbury N.Y. 1.39 105,347 75,705 0.78
30 Western Alliance Bancorporation Phoenix Ariz. 1.34 93,272 69,634 1.22
31 Associated Banc-Corp Green Bay Wis. 1.34 148,717 111,351 1.71
32 Community Trust Bancorp, Inc. Pikeville Ky. 1.30 19,652 15,153 1.62
33 International Bancshares Corporation Laredo Tex. 1.28 41,509 32,316 1.27
34 First Bancorp, Inc. Lebanon Va. 1.24 10,258 8,294 1.81
35 Salem Five Bancorp Salem Mass. 1.23 23,683 19,273 1.73
36 First Security Bancorp Searcy Ark. 1.23 30,529 24,871 1.87
37 City Holding Company Cross Lanes W.Va. 1.23 18,250 14,896 1.35
38 Valley National Bancorp Wayne N.J. 1.22 95,601 78,532 0.92
39 Axos Financial, Inc. Las Vegas Nev. 1.21 45,300 37,295 1.45
40 Bridgewater Bancshares, Inc. Saint Louis Park Minn. 1.20 7,598 6,348 1.16
41 United Services Automobile Association San Antonio Tex. 1.16 1,648,492 1,415,383 3.59
42 Hometown Community Bancorp, Inc. Morton Ill. 1.16 12,744 10,945 1.20
43 Hills Bancorporation Hills Iowa 1.16 11,711 10,071 1.34
44 Southside Bancshares, Inc. Tyler Tex. 1.16 21,554 18,629 1.19
45 Meridian Bancorp, Inc. Peabody Mass. 1.16 17,279 14,946 1.08
46 Veritex Holdings, Inc. Dallas Tex. 1.15 24,028 20,813 1.11
47 Flushing Financial Corporation Uniondale N.Y. 1.12 18,272 16,257 1.01
48 Independent Bank Group, Inc. McKinney Tex. 1.12 38,693 34,428 0.94
49 First of Long Island Corporation Glen Head N.Y. 1.12 10,759 9,639 1.02
50 Glacier Bancorp, Inc. Kalispell Mont. 1.11 63,444 57,361 1.56
51 Washington Trust Bancorp, Inc. Westerly R.I. 1.08 21,040 19,488 1.46
52 Midland Financial Co. Oklahoma City Okla. 1.07 80,597 74,993 1.35
53 First Bancshares, Inc. Hattiesburg Miss. 1.07 16,944 15,866 1.38
54 Seacoast Banking Corporation of Florida Stuart Fla. 1.06 25,080 23,605 1.27
55 FirstBank Holding Company Lakewood Colo. 1.05 51,332 49,045 0.96
56 Premier Financial Bancorp, Inc. Huntington W.Va. 1.05 5,506 5,267 1.17
57 Northfield Bancorp, Inc. Woodbridge N.J. 1.03 10,793 10,449 0.85
58 Frandsen Financial Corporation Arden Hills Minn. 1.03 11,835 11,480 2.07
59 ConnectOne Bancorp, Inc. Englewood Cliffs N.J. 1.02 14,832 14,500 0.77
60 East West Bancorp, Inc. Pasadena Calif. 1.02 99,352 97,195 0.82
61 Watford City Bancshares, Inc. Watford City N.D. 1.01 18,085 17,875 1.86
62 Farmers & Merchants Bancorp Lodi Calif. 1.01 14,308 14,190 1.42
63 QNB Corp. Quakertown Pa. 0.99 3,934 3,985 1.19
64 John Deere Capital Corporation Reno Nev. 0.98 50,823 51,874 0.49
65 Century Bancorp, Inc. Medford Mass. 0.98 10,056 10,273 0.68
66 First Foundation Inc. Irvine Calif. 0.98 17,854 18,290 1.06
67 Landmark Bancorp, Inc. Manhattan Kan. 0.97 5,100 5,253 1.87
68 Simmons First National Corporation Pine Bluff Ark. 0.97 58,802 60,723 1.08
69 TrustCo Bank Corp NY Glenville N.Y. 0.97 11,257 11,648 0.84
71 Bank of Marin Bancorp Novato Calif. 0.94 7,406 7,864 1.01
72 Horizon Bancorp, Inc. Michigan City Ind. 0.94 14,639 15,629 1.04
73 BOU Bancorp, Inc. Ogden Utah 0.93 7,265 7,771 1.79
74 Pinnacle Bancorp, Inc. Elkhorn Neb. 0.93 41,800 44,893 1.22
75 Nicolet Bankshares, Inc. Green Bay Wis. 0.93 13,478 14,487 1.25
76 First Merchants Corporation Muncie Ind. 0.92 32,992 35,698 0.97
77 Popular, Inc. Hato Rey P.R. 0.92 128,000 139,000 0.87
78 Independent Bank Corporation Grand Rapids Mich. 0.92 14,772 16,059 1.53
79 Washington Federal, Inc. Seattle Wash. 0.92 33,279 36,263 0.74
80 215 Holding Company Minneapolis Minn. 0.91 3,197 3,495 1.53
81 Luther Burbank Corporation Santa Rosa Calif. 0.91 9,318 10,203 0.52
82 Ida Grove Bancshares, Inc. Ida Grove Iowa 0.91 5,482 6,015 1.21
83 First Busey Corporation Champaign Ill. 0.90 25,806 28,555 1.00
84 German American Bancorp, Inc. Jasper Ind. 0.90 14,255 15,882 1.21
85 Arrow Financial Corporation Glens Falls N.Y. 0.90 9,159 10,212 1.07
86 F.N.B. Corporation Pittsburgh Pa. 0.89 83,610 93,882 0.91
87 Third Federal Savings and Loan Association of Cleveland, MHC Cleveland Ohio 0.89 22,086 24,916 0.59
88 American National Bankshares Inc. Danville Va. 0.89 5,482 6,191 0.80
89 Stock Yards Bancorp, Inc. Louisville Ky. 0.88 13,369 15,179 1.24
90 Kearny Financial Corp. Fairfield N.J. 0.88 13,689 15,543 0.81
91 Central Bancompany, Inc. Jefferson City Mo. 0.87 54,939 63,095 1.32
92 Southern Missouri Bancorp, Inc. Poplar Bluff Mo. 0.87 6,901 7,941 1.08
93 First Citizens BancShares, Inc. Raleigh N.C. 0.87 153,786 176,997 1.35
94 Heritage Commerce Corp San Jose Calif. 0.86 10,618 12,300 0.96
95 Pinnacle Financial Partners, Inc. Nashville Tenn. 0.85 62,444 73,797 0.76
96 Chemung Financial Corporation Elmira N.Y. 0.84 5,826 6,913 1.17
97 American Bancor, Ltd. Dickinson N.D. 0.84 8,311 9,864 1.51
98 National Consumer Cooperative Bank Arlington Va. 0.84 12,034 14,318 1.69
100 Cullen/Frost Bankers, Inc. San Antonio Tex. 0.84 93,072 110,926 1.00
101 Sterling Bancorp Montebello N.Y. 0.84 50,792 60,778 0.66
102 First Financial Corporation Terre Haute Ind. 0.83 11,924 14,299 1.10
103 Dacotah Banks, Inc. Aberdeen S.D. 0.83 11,222 13,481 1.56
104 Heartland BancCorp Whitehall Ohio 0.83 3,029 3,645 0.82
105 South Central Bancshares of Kentucky, Inc. Glasgow Ky. 0.83 4,075 4,917 1.21
106 Minnwest Corporation Minnetonka Minn. 0.82 7,056 8,557 1.29
107 First Commonwealth Financial Corporation Indiana Pa. 0.82 23,851 29,032 1.06
108 Charles Schwab Corporation San Francisco Calif. 0.82 671,000 817,000 0.71
110 RCB Holding Company, Inc. Claremore Okla. 0.82 11,186 13,704 1.30
111 First Western Financial, Inc. Denver Colo. 0.81 8,697 10,689 2.26
112 Amarillo National Bancorp, Inc. Amarillo Tex. 0.81 16,542 20,343 1.08
113 Wilson Bank Holding Company Lebanon Tenn. 0.81 9,027 11,126 1.18
114 RBB Bancorp Los Angeles Calif. 0.80 6,513 8,103 0.83
115 Camden National Corporation Camden Maine 0.80 10,940 13,627 0.90
116 Brookline Bancorp, Inc. Boston Mass. 0.79 19,571 24,672 0.89
117 Columbia Banking System, Inc. Tacoma Wash. 0.79 36,582 46,118 0.97
118 Great Southern Bancorp, Inc. Springfield Mo. 0.79 13,203 16,794 0.98
119 Bancorp, Inc. Wilmington Del. 0.78 20,068 25,681 1.34
120 Old National Bancorp Evansville Ind. 0.78 51,705 66,556 0.95
122 CNB Financial Corporation Clearfield Pa. 0.77 8,246 10,673 0.79
123 1st Source Corporation South Bend Ind. 0.77 18,502 23,999 1.03
124 Investors Bancorp, Inc. Short Hills N.J. 0.77 42,613 55,658 0.61
125 Bridge Bancorp, Inc. Bridgehampton N.Y. 0.77 10,656 13,919 0.72
126 Bremer Financial Corporation Saint Paul Minn. 0.76 44,056 58,058 1.18
127 Bank of Hawaii Corporation Honolulu Hawaii 0.75 38,908 51,573 0.81
128 Valley View Bancshares, Inc. Overland Park Kan. 0.75 7,096 9,408 0.87
129 First Community Bankshares, Inc. Bluefield Va. 0.75 8,236 11,010 1.14
130 MidWestOne Financial Group, Inc. Iowa City Iowa 0.75 11,712 15,682 0.92
131 Bryn Mawr Bank Corporation Bryn Mawr Pa. 0.75 15,035 20,165 1.15
133 Park National Corporation Newark Ohio 0.74 29,505 39,779 1.26
134 Tompkins Financial Corporation Ithaca N.Y. 0.74 21,431 28,923 1.16
135 Financial Institutions, Inc. Warsaw N.Y. 0.74 11,132 15,074 0.96
136 SVB Financial Group Santa Clara Calif. 0.73 233,529 319,150 1.20
137 First State Bancshares, Inc. Farmington Mo. 0.73 9,515 13,066 1.34
138 Customers Bancorp, Inc. Wyomissing Pa. 0.73 22,717 31,297 0.62
139 Ambank Company, Inc. Sioux Center Iowa 0.72 4,520 6,256 1.26
140 Ally Financial Inc. Detroit Mich. 0.72 241,000 334,000 0.53
141 Happy Bancshares, Inc. Canyon Tex. 0.71 13,216 18,542 1.20
142 Bar Harbor Bankshares Bar Harbor Maine 0.71 8,481 11,909 0.89
143 Johnson Financial Group, Inc. Racine Wis. 0.69 22,535 32,616 1.46
144 Flagstar Bancorp, Inc. Troy Mich. 0.69 115,976 168,284 1.77
145 Citizens Bancorp Investment, Inc. Lafayette Tenn. 0.69 2,450 3,556 1.00
146 Hope Bancorp, Inc. Los Angeles Calif. 0.69 26,753 38,860 0.64
147 Alpine Banks of Colorado Glenwood Springs Colo. 0.69 12,528 18,264 1.15
148 First Interstate BancSystem, Inc. Billings Mont. 0.68 36,754 53,880 0.93
149 OceanFirst Financial Corp. Toms River N.J. 0.68 18,638 27,572 0.67
150 Dime Community Bancshares, Inc. Brooklyn N.Y. 0.67 12,967 19,220 0.81
151 First Bancorp Southern Pines N.C. 0.67 16,352 24,453 0.97
152 First Financial Bancorp. Cincinnati Ohio 0.67 37,393 55,925 0.95
153 Independent Bank Corp. Rockland Mass. 0.66 24,902 37,569 0.78
154 State Street Corporation Boston Mass. 0.66 694,000 1,051,000 0.98
155 ANB Corporation Terrell Tex. 0.66 8,520 12,918 0.90
157 First Mid Bancshares, Inc. Mattoon Ill. 0.65 10,137 15,587 0.94
158 TriState Capital Holdings, Inc. Pittsburgh Pa. 0.65 10,401 16,022 0.45
159 Bank of New York Mellon Corporation New York N.Y. 0.65 950,000 1,464,000 0.92
160 United Bankshares, Inc. Charleston W.Va. 0.65 52,686 81,443 0.86
161 QCR Holdings, Inc. Moline Ill. 0.64 13,739 21,304 0.95
162 OFG Bancorp San Juan P.R. 0.64 21,787 34,097 0.92
163 Enterprise Financial Services Corp Clayton Mo. 0.64 14,634 22,930 0.72
164 Orrstown Financial Services, Inc. Shippensburg Pa. 0.63 6,359 10,063 0.93
165 Citizens Union Bancorp of Shelbyville, Inc. Shelbyville Ky. 0.63 2,486 3,938 1.01
166 Community Bank System, Inc. De Witt N.Y. 0.63 35,188 55,763 1.13
168 BTC Financial Corporation Des Moines Iowa 0.63 10,924 17,389 0.82
169 Hawaiian Electric Industries, Inc. Honolulu Hawaii 0.63 48,887 78,025 1.38
170 First Bankers Trustshares, Inc. Quincy Ill. 0.62 1,977 3,165 0.77
171 Hanmi Financial Corporation Los Angeles Calif. 0.62 9,176 14,702 0.62
172 NBT Bancorp Inc. Norwich N.Y. 0.62 24,713 39,717 0.94
173 W.T.B. Financial Corporation Spokane Wash. 0.62 19,115 30,896 0.90
174 Atlantic Union Bankshares Corporation Richmond Va. 0.62 30,709 49,896 0.64
175 Mercantile Bank Corporation Grand Rapids Mich. 0.62 8,697 14,137 0.85
176 Civista Bancshares, Inc. Sandusky Ohio 0.61 6,504 10,597 0.93
177 Midland States Bancorp, Inc. Effingham Ill. 0.61 12,569 20,740 0.76
178 INTRUST Financial Corporation Wichita Kan. 0.60 13,391 22,219 0.76
179 Republic Bancorp, Inc. Louisville Ky. 0.60 15,804 26,256 1.04
180 Heartland Financial USA, Inc. Dubuque Iowa 0.60 30,131 50,240 0.84
181 New Hampshire Mutual Bancorp Concord N.H. 0.59 5,663 9,530 0.89
182 Lakeland Bancorp, Inc. Oak Ridge N.J. 0.58 11,851 20,269 0.67
183 Synovus Financial Corp. Columbus Ga. 0.58 93,191 159,596 0.71
184 Northern Trust Corporation Chicago Ill. 0.58 313,262 537,733 0.91
185 Canandaigua National Corporation Canandaigua N.Y. 0.58 7,364 12,748 0.86
187 Hometown Financial Group MHC Easthampton Mass. 0.57 5,965 10,473 0.73
188 Stearns Financial Services, Inc. Saint Cloud Minn. 0.57 6,370 11,198 1.05
189 Southern First Bancshares, Inc. Greenville S.C. 0.57 4,677 8,248 0.77
190 Meta Financial Group, Inc. Sioux Falls S.D. 0.57 18,190 32,103 0.86
191 Waterstone Financial, Inc. Wauwatosa Wis. 0.57 20,948 36,979 3.87
192 First BanCorp. San Juan P.R. 0.55 21,256 38,719 0.63
193 HomeStreet, Inc. Seattle Wash. 0.55 18,904 34,521 1.05
194 People's United Financial, Inc. Bridgeport Conn. 0.55 89,880 164,588 0.58
195 Fremont Bancorporation Fremont Calif. 0.54 14,753 27,134 1.25
196 PacWest Bancorp Beverly Hills Calif. 0.54 33,204 61,910 0.50
197 Webster Financial Corporation Waterbury Conn. 0.53 53,097 99,877 0.65
198 Morgan Stanley New York N.Y. 0.53 3,196,000 6,035,000 1.33
199 M&T Bank Corporation Buffalo N.Y. 0.53 241,054 458,842 0.71
200 First United Corporation Oakland Md. 0.52 2,570 4,946 0.64

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 Oct. 23, 2020.

© 2020 American Banker

Source:

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