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Compensation Banks, thrifts and holding companies

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

October 17, 2022, 3:44 p.m. EDT 1 Min Read
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Source: S&P Global

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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) ($000) Salary and benefits ($000) Return on average assets %
1 Beal Financial Corporation Plano Tex. 32.53 $309,491 $9,514 8.66
2 Pedcor Financial, LLC Carmel Ind. 6.81 53,292 7,826 5.24
3 Silver Queen Financial Services, Inc. Greenwood Village Colo. 5.98 14,148 2,366 2.58
4 First Security Bancorp Searcy Ark. 4.88 47,975 9,824 2.21
5 First National Bancshares, Inc. East Lansing Mich. 3.49 30,554 8,749 3.37
6 Luther Burbank Corporation Santa Rosa Calif. 3.25 22,567 6,936 1.22
7 ServisFirst Bancshares, Inc. Birmingham Ala. 3.00 62,136 20,734 1.67
8 John Deere Capital Corporation Madison Wis. 2.94 177,063 60,327 1.61
9 United National Corporation Sioux Falls S.D. 2.92 153,951 52,797 14.35
10 Inwood Bancshares, Inc. Dallas Tex. 2.70 18,303 6,779 1.69
11 Merchants Bancorp Carmel Ind. 2.41 53,936 22,367 2.20
12 Cathay General Bancorp Los Angeles Calif. 2.39 88,978 37,300 1.68
13 Silvergate Capital Corporation La Jolla Calif. 2.36 38,605 16,355 0.94
14 Customers Bancorp, Inc. West Reading Pa. 2.32 58,650 25,334 1.16
15 LendingClub Corporation San Francisco Calif. 2.31 182,060 78,823 12.36
16 East West Bancorp, Inc. Pasadena Calif. 2.28 258,329 113,551 1.65
17 Westamerica Bancorporation San Rafael Calif. 2.22 25,314 11,412 1.36
18 NexBank Capital, Inc. Dallas Tex. 2.18 25,097 11,500 0.77
19 Big Poppy Holdings, Inc. Santa Rosa Calif. 2.18 12,849 5,888 1.17
20 New York Community Bancorp, Inc. Hicksville N.Y. 2.16 171,071 79,344 1.10
21 Industry Bancshares, Inc. Industry Tex. 2.12 21,449 10,098 1.51
22 Discover Financial Services Riverwoods Ill. 2.10 1,111,412 528,456 4.06
23 Live Oak Bancshares, Inc. Wilmington N.C. 2.10 97,039 46,298 4.37
24 Olney Bancshares of Texas, Inc. Olney Tex. 1.98 21,263 10,744 2.18
25 West Bancorporation, Inc. West Des Moines Iowa 1.98 12,667 6,410 1.41
26 Western Alliance Bancorporation Phoenix Ariz. 1.87 260,202 139,067 1.61
27 CVB Financial Corp. Ontario Calif. 1.87 59,058 31,591 1.38
28 International Bancshares Corporation Laredo Tex. 1.87 57,971 31,045 1.40
29 First Financial Bankshares, Inc. Abilene Tex. 1.82 60,494 33,228 1.77
30 Synchrony Financial Stamford Conn. 1.79 804,000 450,000 3.34
31 Metropolitan Bank Holding Corp. New York N.Y. 1.75 23,189 13,234 1.38
32 Lakeland Financial Corporation Warsaw Ind. 1.74 25,673 14,789 1.56
33 Bank7 Corp. Oklahoma City Okla. 1.70 7,024 4,126 1.95
34 Northfield Bancorp, Inc. (Staten Island, NY) Woodbridge N.J. 1.69 15,874 9,420 1.14
35 Midland Financial Co. Oklahoma City Okla. 1.68 156,876 93,342 1.91
36 ConnectOne Bancorp, Inc. Englewood Cliffs N.J. 1.66 32,358 19,519 1.55
37 RBB Bancorp Los Angeles Calif. 1.61 15,477 9,628 1.59
38 Prosperity Bancshares, Inc. Houston Tex. 1.60 128,490 80,371 1.36
39 TrustCo Bank Corp NY Glenville N.Y. 1.56 17,871 11,464 1.15
40 Hometown Community Bancorp, Inc. Morton Ill. 1.52 20,117 13,261 1.56
41 First BanCorp. San Juan P.R. 1.48 74,695 50,453 1.48
42 Capitol Federal Financial, Inc. Topeka Kan. 1.47 21,152 14,383 0.73
43 Education Loan Finance, Inc. Farragut Tenn. 1.47 11,451 7,794 1.06
44 Farmers National Banc Corp. Canfield Ohio 1.44 15,951 11,073 1.48
45 Bridgewater Bancshares, Inc. Saint Louis Park Minn. 1.44 12,882 8,977 1.39
46 Villages Bancorporation, Inc. The Villages Fla. 1.40 11,761 8,422 1.15
47 Sandy Spring Bancorp, Inc. Olney Md. 1.39 54,800 39,550 1.69
48 City Holding Company Charleston W.Va. 1.38 22,684 16,433 1.51
49 First Bancshares, Inc. Merrillville Ind. 1.37 27,517 20,016 1.75
50 Ameriprise Financial, Inc. Minneapolis Minn. 1.37 756,356 551,640 1.85
51 215 Holding Co. Minneapolis Minn. 1.34 4,884 3,652 1.90
52 Hanmi Financial Corporation Los Angeles Calif. 1.33 25,051 18,779 1.45
53 Axos Financial, Inc. Las Vegas Nev. 1.33 57,894 43,420 1.40
54 FirstBank Holding Company Lakewood Colo. 1.33 83,988 63,159 1.14
55 Washington Federal, Inc. Seattle Wash. 1.32 63,295 48,019 1.26
56 Stearns Financial Services, Inc. Saint Cloud Minn. 1.31 19,077 14,545 3.32
57 Southern Missouri Bancorp, Inc. Poplar Bluff Mo. 1.31 13,086 10,002 1.61
58 American National Corporation Omaha Neb. 1.30 20,642 15,871 1.70
59 Amarillo National Bancorp, Inc. Amarillo Tex. 1.30 30,119 23,159 1.54
60 United Bankshares, Inc. Charleston W.Va. 1.28 95,613 74,679 1.31
61 Enterprise Financial Services Corp Clayton Mo. 1.27 45,149 35,479 1.33
62 The Charles Schwab Corporation Westlake Tex. 1.26 1,793,000 1,422,000 1.08
63 Popular, Inc. Hato Rey P.R. 1.26 211,000 168,000 1.16
64 Dime Community Bancshares, Inc. Hauppauge N.Y. 1.26 38,485 30,647 1.26
65 The First of Long Island Corporation Glen Head N.Y. 1.25 12,481 9,981 1.16
66 Southside Bancshares, Inc. Tyler Tex. 1.25 25,405 20,329 1.40
67 Horizon Bancorp, Inc. Michigan City Ind. 1.25 24,859 19,957 1.33
68 First Bancorp, Inc. Lebanon Va. 1.24 11,445 9,244 1.59
69 Independent Bank Corp. Rockland Mass. 1.24 61,776 50,006 1.23
70 Pacific Premier Bancorp, Inc. Irvine Calif. 1.23 69,803 56,974 1.28
71 Nicolet Bankshares, Inc. Green Bay Wis. 1.22 23,985 19,703 1.31
72 First Bancorp Southern Pines N.C. 1.22 36,585 30,109 1.39
73 First Foundation Inc. Dallas Tex. 1.21 33,316 27,633 1.24
74 Summit Financial Group, Inc. Moorefield W.Va. 1.20 12,014 10,031 1.29
75 Farmers & Merchants Bancorp Lodi Calif. 1.20 18,443 15,404 1.37
76 PacWest Bancorp Beverly Hills Calif. 1.19 122,360 102,542 1.20
77 First Hawaiian, Inc. Honolulu Hawaii 1.19 59,360 49,902 0.93
78 Flushing Financial Corporation Uniondale N.Y. 1.18 25,035 21,250 1.21
79 Valley View Bancshares, Inc. Overland Park Kan. 1.17 10,785 9,199 1.20
80 The Bancorp, Inc. Wilmington Del. 1.17 30,402 25,999 1.71
81 OFG Bancorp San Juan P.R. 1.17 40,432 34,640 1.58
82 German American Bancorp, Inc. Jasper Ind. 1.16 23,747 20,384 1.38
83 S&T Bancorp, Inc. Indiana Pa. 1.16 28,858 24,811 1.24
84 Pinnacle Financial Partners, Inc. Nashville Tenn. 1.15 145,127 126,440 1.49
85 1st Source Corporation South Bend Ind. 1.15 29,314 25,562 1.43
86 UMB Financial Corporation Kansas City Mo. 1.13 137,556 121,390 1.46
87 Atlantic Union Bankshares Corporation Richmond Va. 1.12 62,226 55,491 1.25
88 Arbor Bancorp, Inc. Ann Arbor Mich. 1.11 10,932 9,805 1.32
89 Stockman Financial Corporation Miles City Mont. 1.11 21,982 19,861 1.52
90 Synovus Financial Corp. Columbus Ga. 1.11 178,051 161,063 1.24
91 Ameris Bancorp Atlanta Ga. 1.10 90,066 81,546 1.54
92 Veritex Holdings, Inc. Dallas Tex. 1.10 29,626 26,924 1.10
93 Heritage Commerce Corp San Jose Calif. 1.10 14,821 13,476 1.11
94 Ally Financial Inc. Detroit Mich. 1.10 482,000 439,000 1.04
95 INTRUST Financial Corporation Wichita Kan. 1.10 22,997 20,994 1.20
96 Community Trust Bancorp, Inc. Pikeville Ky. 1.09 20,271 18,534 1.46
97 Independence Bancshares, Inc. Owensboro Ky. 1.09 11,459 10,480 1.39
98 Longview Financial Corporation Longview Tex. 1.09 13,190 12,076 1.30
99 Amalgamated Financial Corp. New York N.Y. 1.09 19,613 18,038 1.00
100 CapStar Financial Holdings, Inc. Nashville Tenn. 1.08 9,973 9,209 1.26
101 American Express Company New York N.Y. 1.08 1,964,000 1,816,000 3.95
102 Lakeland Bancorp, Inc. Oak Ridge N.J. 1.08 29,117 26,938 1.14
103 Bank of Marin Bancorp Novato Calif. 1.07 11,066 10,341 1.01
104 Hills Bancorporation Hills Iowa 1.06 11,327 10,680 1.12
105 BankUnited, Inc. Miami Lakes Fla. 1.06 65,764 62,163 0.72
106 Chemung Financial Corporation Elmira N.Y. 1.06 8,024 7,590 1.28
107 Hancock Whitney Corporation Gulfport Miss. 1.05 121,435 115,170 1.36
108 Ambank Company, Inc. Sioux Center Iowa 1.05 6,389 6,067 1.62
109 F.N.B. Corporation Pittsburgh Pa. 1.05 109,141 103,726 1.04
110 Provident Financial Services, Inc. Jersey City N.J. 1.05 39,229 37,436 1.16
111 Investar Holding Corporation Baton Rouge La. 1.04 9,404 9,063 1.45
112 Arrow Financial Corporation Glens Falls N.Y. 1.02 11,974 11,687 1.18
113 Independent Bank Group, Inc. McKinney Tex. 1.02 52,360 51,130 1.17
114 Columbia Banking System, Inc. Tacoma Wash. 1.02 58,808 57,535 1.11
115 Seacoast Banking Corporation of Florida Stuart Fla. 1.02 32,755 32,206 1.19
116 Premier Financial Corp. Defiance Ohio 1.01 22,360 22,242 1.16
117 Wilson Bank Holding Company Lebanon Tenn. 1.00 14,139 14,118 1.38
118 Regions Financial Corporation Birmingham Ala. 1.00 583,000 583,000 1.42
119 Tampa Bay Banking Company Tampa Fla. 1.00 9,545 9,577 1.13
120 First Financial Corporation Terre Haute Ind. 1.00 15,613 15,669 1.24
121 Hope Bancorp, Inc. Los Angeles Calif. 0.99 52,088 52,388 1.15
122 Mid Penn Bancorp, Inc. Harrisburg Pa. 0.99 12,252 12,340 1.09
123 Equity Bancshares, Inc. Wichita Kan. 0.99 15,258 15,382 1.18
124 First Commonwealth Financial Corporation Indiana Pa. 0.99 30,754 31,022 1.27
125 BancFirst Corporation Oklahoma City Okla. 0.99 44,707 45,284 1.41
126 Stock Yards Bancorp, Inc. Louisville Ky. 0.98 26,794 27,217 1.39
127 Washington Trust Bancorp, Inc. Westerly R.I. 0.98 19,957 20,394 1.34
128 Camden National Corporation Camden Maine 0.98 15,026 15,402 1.09
129 First Community Bankshares, Inc. Bluefield Va. 0.97 11,213 11,517 1.39
130 W.T.B. Financial Corporation Spokane Wash. 0.97 37,362 38,420 1.39
131 Webster Financial Corporation Stamford Conn. 0.97 182,311 187,656 1.10
132 Ida Grove Bancshares, Inc. Ida Grove Iowa 0.97 6,349 6,551 1.19
133 Bank of Hawaii Corporation Honolulu Hawaii 0.97 56,862 58,753 0.98
134 Midland States Bancorp, Inc. Effingham Ill. 0.97 21,883 22,645 1.18
135 Glacier Bancorp, Inc. Kalispell Mont. 0.97 76,392 79,067 1.14
136 HBT Financial, Inc. Bloomington Ill. 0.96 14,085 14,674 1.30
137 Fifth Third Bancorp Cincinnati Ohio 0.96 561,651 587,372 1.08
138 United Community Banks, Inc. Blairsville Ga. 0.95 66,843 70,431 1.09
139 Banc of California, Inc. Santa Ana Calif. 0.95 26,712 28,215 1.14
140 Central Bancompany, Inc. Jefferson City Mo. 0.95 60,882 64,374 1.21
141 BTC Financial Corporation Des Moines Iowa 0.94 16,145 17,118 1.13
142 Bremer Financial Corporation Saint Paul Minn. 0.94 50,661 53,782 1.27
143 Great Southern Bancorp, Inc. Springfield Mo. 0.94 18,223 19,363 1.34
144 First United Corporation Oakland Md. 0.94 5,428 5,793 1.24
145 Huntington Bancshares Incorporated Columbus Ohio 0.94 538,842 575,101 1.21
146 Capital One Financial Corporation McLean Va. 0.93 2,030,742 2,173,083 1.85
147 American National Bankshares Inc. Danville Va. 0.93 8,140 8,720 0.98
148 MB Mutual Holding Company Manasquan N.J. 0.93 6,040 6,496 0.88
149 Choice Financial Holdings, Inc. Fargo N.D. 0.92 12,465 13,479 1.60
150 Bar Harbor Bankshares Bar Harbor Maine 0.92 10,504 11,368 1.13
151 Financial Institutions, Inc. Warsaw N.Y. 0.92 15,648 16,966 1.10
152 CNB Financial Corporation Clearfield Pa. 0.92 15,438 16,771 1.17
153 Guaranty Bancshares, Inc. Addison Tex. 0.92 10,784 11,730 1.34
154 Peapack-Gladstone Financial Corporation Bedminster N.J. 0.92 20,100 21,882 1.28
155 Peoples Bancorp Inc. Marietta Ohio 0.92 25,288 27,583 1.40
156 The First Bancshares, Inc. Hattiesburg Miss. 0.91 15,752 17,237 1.03
157 TriCo Bancshares Chico Calif. 0.91 31,364 34,370 1.24
158 First State Bancshares, Inc. Farmington Mo. 0.91 12,879 14,131 1.33
159 CrossFirst Bankshares, Inc. Leawood Kan. 0.91 15,545 17,095 1.11
160 Burke & Herbert Financial Services Corp. Alexandria Va. 0.90 10,397 11,529 1.15
161 Frandsen Financial Corporation Arden Hills Minn. 0.90 11,704 13,011 1.50
162 Watford City Bancshares, Inc. Watford City N.D. 0.90 19,880 22,126 1.69
163 First Internet Bancorp Fishers Ind. 0.90 9,545 10,629 0.93
164 Banner Corporation Walla Walla Wash. 0.89 47,965 53,610 1.14
165 Comerica Incorporated Dallas Tex. 0.89 261,000 294,000 1.16
166 Alpine Banks of Colorado Glenwood Springs Colo. 0.89 17,543 19,805 1.14
167 OceanFirst Financial Corp. Red Bank N.J. 0.88 28,961 32,836 0.95
168 KeyCorp Cleveland Ohio 0.88 533,389 607,175 1.14
169 Brookline Bancorp, Inc. Boston Mass. 0.88 25,195 28,771 1.17
170 Citizens Bancorp Investment, Inc. Lafayette Tenn. 0.87 4,425 5,081 1.17
171 SouthState Corporation Winter Haven Fla. 0.87 119,175 137,037 1.03
172 WSFS Financial Corporation Wilmington Del. 0.87 60,740 69,949 1.15
173 Carter Bankshares, Inc. Martinsville Va. 0.87 10,778 12,444 1.03
174 JPMorgan Chase & Co. New York N.Y. 0.87 8,649,000 9,998,000 0.88
175 United Community Bancorp, Inc. Chatham Ill. 0.86 7,853 9,093 0.90
176 BOK Financial Corporation Tulsa Okla. 0.86 132,846 154,923 1.11
177 Cullen/Frost Bankers, Inc. San Antonio Tex. 0.85 119,114 139,389 0.91
178 Heritage Financial Corporation Olympia Wash. 0.85 18,584 21,778 1.00
179 Farmers & Merchants Investment, Inc. Lincoln Neb. 0.85 21,889 25,753 1.26
180 Pinnacle Bancorp, Inc. Omaha Neb. 0.84 41,866 49,963 0.93
181 Park National Corporation Newark Ohio 0.83 34,324 41,251 1.41
182 Republic Bancorp, Inc. Louisville Ky. 0.83 23,900 28,843 1.53
183 WesBanco, Inc. Wheeling W.Va. 0.83 42,746 51,647 1.00
184 The PNC Financial Services Group, Inc. Pittsburgh Pa. 0.83 1,480,822 1,789,733 1.08
185 Fulton Financial Corporation Lancaster Pa. 0.82 69,989 85,404 1.10
186 Triumph Bancorp, Inc. Dallas Tex. 0.81 44,189 54,257 3.01
187 Commerce Bancshares, Inc. Kansas City Mo. 0.81 115,794 142,243 1.33
188 South Central Bancshares of Kentucky, Inc. Glasgow Ky. 0.81 4,354 5,368 1.07
189 NBT Bancorp Inc. Norwich N.Y. 0.81 37,775 46,716 1.26
190 Heartland Financial USA, Inc. Dubuque Iowa 0.81 51,873 64,308 1.06
191 Origin Bancorp, Inc. Ruston La. 0.80 21,313 26,605 1.06
192 First Business Financial Services, Inc. Madison Wis. 0.80 11,204 14,020 1.64
193 Cambridge Bancorp Cambridge Mass. 0.80 13,658 17,120 1.09
194 Stellar Bancorp, Inc. Houston Tex. 0.80 11,707 14,698 1.08
195 RCB Holding Company, Inc. Claremore Okla. 0.80 10,880 13,660 1.06
196 QNB Corp. Quakertown Pa. 0.80 3,349 4,205 0.79
197 Independent Bankers Financial Corporation Farmers Branch Tex. 0.79 8,084 10,189 0.90
198 First Financial Bancorp. Cincinnati Ohio 0.79 51,520 64,992 1.25
199 The Goldman Sachs Group, Inc. New York N.Y. 0.79 2,927,000 3,695,000 0.75
200 Central Pacific Financial Corp. Honolulu Hawaii 0.79 17,594 22,369 0.96

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. 14, 2022.

© 2022 American Banker

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

Compensation Banks, thrifts and holding companies