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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 18, 2021, 10:32 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 Education Loan Finance, Inc. Farragut Tenn. 6.03 $42,109 $6,980 4.71
2 Lauritzen Corporation Omaha Neb. 5.82 74,386 12,788 16.43
3 Discover Financial Services Riverwoods Ill. 3.36 1,697,642 505,310 6.05
4 NexBank Capital, Inc. Dallas Tex. 3.14 22,947 7,311 0.99
5 John Deere Capital Corporation Reno Nev. 3.12 195,278 62,585 1.86
6 United National Corporation Sioux Falls S.D. 3.07 162,770 52,949 15.59
7 Amboy Bancorporation Old Bridge N.J. 3.06 16,166 5,291 2.43
8 Synchrony Financial Stamford Conn. 3.03 1,242,000 410,000 5.32
9 International Bancshares Corporation Laredo Tex. 3.01 92,025 30,548 2.43
10 ServisFirst Bancshares, Inc. Birmingham Ala. 2.96 50,027 16,887 1.56
11 Midland Financial Co. Oklahoma City Okla. 2.88 229,697 79,674 2.94
12 Merchants Bancorp Carmel Ind. 2.73 51,417 18,800 2.14
13 State Bankshares, Inc. Fargo N.D. 2.63 198,411 75,400 7.76
14 Luther Burbank Corporation Santa Rosa Calif. 2.50 21,216 8,475 1.19
15 Inwood Bancshares, Inc. Dallas Tex. 2.44 16,145 6,619 1.68
16 Eagle Bancorp, Inc. Bethesda Md. 2.41 47,993 19,876 1.68
17 Cathay General Bancorp Los Angeles Calif. 2.36 77,199 32,758 1.60
18 Silver Queen Financial Services, Inc. Greenwood Village Colo. 2.36 4,948 2,100 1.03
19 Customers Bancorp, Inc. West Reading Pa. 2.19 61,341 28,023 1.27
20 Industry Bancshares, Inc. Industry Tex. 2.18 20,725 9,522 1.58
21 East West Bancorp, Inc. Pasadena Calif. 2.13 224,742 105,685 1.55
22 ConnectOne Bancorp, Inc. Englewood Cliffs N.J. 2.11 32,219 15,284 1.70
23 Bank7 Corp. Oklahoma City Okla. 2.07 6,105 2,949 2.38
24 New York Community Bancorp, Inc. Westbury N.Y. 2.04 151,454 74,370 1.04
25 Ally Financial Inc. Detroit Mich. 2.01 900,000 447,000 1.99
26 Olney Bancshares of Texas, Inc. Olney Tex. 2.01 20,195 10,049 2.18
27 PacWest Bancorp Beverly Hills Calif. 1.99 180,512 90,807 2.11
28 Live Oak Bancshares, Inc. Wilmington N.C. 1.93 63,582 32,937 3.01
29 Lakeland Financial Corporation Warsaw Ind. 1.90 24,335 12,793 1.58
30 First Hawaiian, Inc. Honolulu Hawaii 1.89 86,741 45,982 1.45
31 Westamerica Bancorporation San Rafael Calif. 1.87 22,579 12,097 1.29
32 Home Bancshares, Inc. (Conway, AR) Conway Ark. 1.86 79,070 42,462 1.81
33 BankUnited, Inc. Miami Lakes Fla. 1.85 103,974 56,311 1.17
34 WSFS Financial Corporation Wilmington Del. 1.83 95,667 52,142 2.59
35 Northfield Bancorp, Inc. (Staten Island, NY) Woodbridge N.J. 1.83 19,794 10,821 1.43
36 Capital One Financial Corporation McLean Va. 1.82 3,536,396 1,944,416 3.34
37 Pacific Premier Bancorp, Inc. Irvine Calif. 1.81 96,302 53,142 1.90
38 CVB Financial Corp. Ontario Calif. 1.75 51,179 29,280 1.35
39 Western Alliance Bancorporation Phoenix Ariz. 1.74 223,842 128,913 1.86
40 Cadence Bancorporation Houston Tex. 1.73 101,309 58,619 2.17
41 Prosperity Bancshares, Inc. Houston Tex. 1.73 130,611 75,611 1.44
42 Atlantic Union Bankshares Corporation Richmond Va. 1.68 85,384 50,857 1.72
43 Ida Grove Bancshares, Inc. Ida Grove Iowa 1.67 10,505 6,300 2.15
44 Southern Missouri Bancorp, Inc. Poplar Bluff Mo. 1.66 13,689 8,228 2.01
45 Dime Community Bancshares, Inc. Hauppauge N.Y. 1.64 51,278 31,272 1.61
46 Hometown Community Bancorp, Inc. Morton Ill. 1.62 20,667 12,794 1.69
47 CIT Group Inc. New York N.Y. 1.61 226,874 140,687 1.62
48 First Financial Bankshares, Inc. Abilene Tex. 1.60 56,379 35,151 1.91
49 Stearns Financial Services, Inc. Saint Cloud Minn. 1.58 20,287 12,857 3.32
50 Sterling Bancorp Pearl River N.Y. 1.54 98,339 63,896 1.34
51 RBB Bancorp Los Angeles Calif. 1.53 13,380 8,743 1.39
52 MB Mutual Holding Company Manasquan N.J. 1.52 8,930 5,883 1.44
53 Heritage Financial Corporation Olympia Wash. 1.49 32,702 21,882 1.85
54 Premier Financial Corp. Defiance Ohio 1.49 31,385 21,045 1.66
55 American Express Company New York N.Y. 1.48 2,280,000 1,539,000 4.84
56 WesBanco, Inc. Wheeling W.Va. 1.47 70,589 47,969 1.66
57 Sandy Spring Bancorp, Inc. Olney Md. 1.47 57,263 38,988 1.79
58 Great Western Bancorp, Inc. Sioux Falls S.D. 1.47 58,748 40,068 1.79
59 Regions Financial Corporation Birmingham Ala. 1.47 790,000 539,000 2.05
60 Bridgewater Bancshares, Inc. Saint Louis Park Minn. 1.46 10,993 7,512 1.43
61 Axos Financial, Inc. Las Vegas Nev. 1.46 54,253 37,096 1.46
62 German American Bancorp, Inc. Jasper Ind. 1.45 23,822 16,375 1.79
63 First Internet Bancorp Fishers Ind. 1.44 13,096 9,112 1.25
64 City Holding Company Charleston W.Va. 1.42 22,149 15,578 1.49
65 American National Corporation Omaha Neb. 1.42 20,681 14,592 1.82
66 Popular, Inc. Hato Rey P.R. 1.42 218,000 154,000 1.24
67 First Security Bancorp Searcy Ark. 1.41 35,382 25,072 1.83
68 Financial Institutions, Inc. Warsaw N.Y. 1.39 20,200 14,519 1.51
69 Happy Bancshares, Inc. Canyon Tex. 1.39 33,377 24,023 2.16
70 FirstBank Holding Company Lakewood Colo. 1.39 81,889 58,994 1.25
71 First BanCorp. Santurce P.R. 1.38 70,558 51,298 1.40
72 Lakeland Bancorp, Inc. Oak Ridge N.J. 1.34 27,407 20,407 1.41
73 Enterprise Financial Services Corp Clayton Mo. 1.34 38,405 28,620 1.50
74 Capitol Federal Financial, Inc. Topeka Kan. 1.33 18,187 13,665 0.75
75 Independent Bank Group, Inc. McKinney Tex. 1.33 58,243 43,837 1.28
76 Valley National Bancorp New York N.Y. 1.32 120,512 91,095 1.17
77 American National Bankshares Inc. Danville Va. 1.32 10,766 8,178 1.38
78 First Community Bankshares, Inc. Bluefield Va. 1.31 13,402 10,216 1.70
79 First Merchants Corporation Muncie Ind. 1.31 55,559 42,438 1.51
80 Investors Bancorp, Inc. Short Hills N.J. 1.30 79,806 61,432 1.22
81 First Foundation Inc. Dallas Tex. 1.29 26,054 20,204 1.36
82 Hills Bancorporation Hills Iowa 1.29 13,610 10,556 1.37
83 Provident Financial Services, Inc. Jersey City N.J. 1.28 44,789 34,870 1.35
84 Origin Bancorp, Inc. Ruston La. 1.27 27,733 21,883 1.49
85 OFG Bancorp San Juan P.R. 1.26 40,827 32,297 1.58
86 Community Trust Bancorp, Inc. Pikeville Ky. 1.26 23,931 18,960 1.75
87 Veritex Holdings, Inc. Dallas Tex. 1.26 29,456 23,451 1.27
88 Brookline Bancorp, Inc. Boston Mass. 1.26 31,602 25,161 1.48
89 Horizon Bancorp, Inc. Michigan City Ind. 1.25 22,173 17,730 1.45
90 Hope Bancorp, Inc. Los Angeles Calif. 1.25 53,763 43,020 1.25
91 Commerce Bancshares, Inc. Kansas City Mo. 1.24 162,326 130,751 1.93
92 Amarillo National Bancorp, Inc. Amarillo Tex. 1.24 31,221 25,220 1.69
93 Citizens Financial Group, Inc. Providence R.I. 1.24 648,123 524,709 1.40
94 Arrow Financial Corporation Glens Falls N.Y. 1.22 13,279 10,845 1.38
95 Glacier Bancorp, Inc. Kalispell Mont. 1.22 77,627 63,504 1.55
96 SVB Financial Group Santa Clara Calif. 1.22 514,844 423,729 1.37
97 Marlin Business Services Corp. Mount Laurel N.J. 1.21 10,256 8,461 4.27
98 Hanmi Financial Corporation Los Angeles Calif. 1.21 22,122 18,302 1.37
99 First Bancorp Inc., Lebanon Lebanon Va. 1.20 10,156 8,432 1.59
100 Pinnacle Bancorp, Inc. Elkhorn Neb. 1.20 58,021 48,284 1.43
101 Southern First Bancshares, Inc. Greenville S.C. 1.20 10,322 8,598 1.60
102 United Community Banks, Inc. Blairsville Ga. 1.20 70,262 58,650 1.50
103 JPMorgan Chase & Co. New York N.Y. 1.19 11,948,000 10,023,000 1.28
104 Pinnacle Financial Partners, Inc. Nashville Tenn. 1.19 131,790 110,747 1.51
105 Equity Bancshares, Inc. Wichita Kan. 1.19 15,166 12,769 1.44
106 1st Source Corporation South Bend Ind. 1.18 30,223 25,510 1.58
107 Camden National Corporation Camden Maine 1.18 18,143 15,318 1.42
108 Comerica Incorporated Dallas Tex. 1.18 328,000 277,000 1.49
109 Bank of Hawaii Corporation Honolulu Hawaii 1.18 67,533 57,238 1.22
110 Simmons First National Corporation Pine Bluff Ark. 1.17 74,924 63,766 1.29
111 Byline Bancorp, Inc. Chicago Ill. 1.17 28,492 24,364 1.70
112 KeyCorp Cleveland Ohio 1.17 728,135 623,106 1.63
113 Seacoast Banking Corporation of Florida Stuart Fla. 1.17 31,410 26,919 1.39
114 Primis Financial Corp. McLean Va. 1.17 10,275 8,810 1.22
115 TrustCo Bank Corp NY Glenville N.Y. 1.16 14,434 12,403 0.95
116 South Central Bancshares of Kentucky, Inc. Glasgow Ky. 1.16 5,978 5,145 1.54
117 Synovus Financial Corp. Columbus Ga. 1.16 186,199 160,567 1.35
118 First Bancorp Southern Pines N.C. 1.16 29,285 25,271 1.47
119 S&T Bancorp, Inc. Indiana Pa. 1.16 28,366 24,515 1.21
120 The First of Long Island Corporation Glen Head N.Y. 1.16 11,388 9,845 1.08
121 BancFirst Corporation Oklahoma City Okla. 1.15 48,192 41,992 1.78
122 United Bankshares, Inc. Charleston W.Va. 1.14 94,836 83,027 1.40
123 Meridian Bancorp, Inc. Peabody Mass. 1.14 16,546 14,531 1.03
124 Great Southern Bancorp, Inc. Springfield Mo. 1.12 20,114 17,891 1.44
125 Mercantile Bank Corporation Grand Rapids Mich. 1.12 18,092 16,202 1.52
126 Fifth Third Bancorp Cincinnati Ohio 1.11 709,626 641,620 1.39
127 The Bancorp, Inc. Wilmington Del. 1.09 29,434 27,088 1.67
128 Washington Federal, Inc. Seattle Wash. 1.08 47,422 43,811 0.98
129 Ameriprise Financial, Inc. Minneapolis Minn. 1.08 590,521 545,724 1.42
130 Heartland Financial USA, Inc. Dubuque Iowa 1.07 61,605 57,376 1.35
131 Nicolet Bankshares, Inc. Green Bay Wis. 1.07 18,284 17,097 1.62
132 Southside Bancshares, Inc. Tyler Tex. 1.07 21,317 20,004 1.22
133 Ambank Company, Inc. Sioux Center Iowa 1.06 6,527 6,176 1.75
134 Bryn Mawr Bank Corporation Bryn Mawr Pa. 1.06 21,342 20,219 1.73
135 TriCo Bancshares Chico Calif. 1.05 28,362 27,081 1.40
136 Bank of Marin Bancorp Novato Calif. 1.04 9,285 8,888 1.21
137 The Goldman Sachs Group, Inc. New York N.Y. 1.04 5,486,000 5,263,000 1.62
138 Business First Bancshares, Inc. Baton Rouge La. 1.04 17,428 16,753 1.59
139 Citizens Bancorp Investment, Inc. Lafayette Tenn. 1.04 4,982 4,805 1.43
140 First Financial Corporation Terre Haute Ind. 1.04 16,614 16,028 1.40
141 Kearny Financial Corp. Fairfield N.J. 1.04 18,483 17,847 1.01
142 Citigroup Inc. New York N.Y. 1.04 6,193,000 5,982,000 1.06
143 CNB Financial Corporation Clearfield Pa. 1.03 13,990 13,518 1.12
144 First Commonwealth Financial Corporation Indiana Pa. 1.03 29,619 28,650 1.26
145 OceanFirst Financial Corp. Red Bank N.J. 1.03 30,554 29,571 1.06
146 Ameris Bancorp Atlanta Ga. 1.03 88,327 85,505 1.64
147 First Bancshares, Inc. Merrillville Ind. 1.03 18,693 18,102 1.28
148 Bank of America Corporation Charlotte N.C. 1.03 9,224,000 8,971,000 1.23
149 Columbia Banking System, Inc. Tacoma Wash. 1.03 55,036 53,636 1.25
150 Allegiance Bancshares, Inc. Houston Tex. 1.02 22,925 22,379 1.43
151 Banner Corporation Walla Walla Wash. 1.02 54,382 53,181 1.36
152 Guaranty Bancshares, Inc. Addison Tex. 1.02 10,432 10,204 1.43
153 215 Holding Co. Minneapolis Minn. 1.01 3,473 3,434 1.42
154 Cullen/Frost Bankers, Inc. San Antonio Tex. 1.00 118,068 117,485 1.05
155 Meta Financial Group, Inc. Sioux Falls S.D. 1.00 38,700 38,604 1.90
156 HBT Financial, Inc. Bloomington Ill. 1.00 13,717 13,730 1.40
157 People's United Financial, Inc. Bridgeport Conn. 1.00 170,774 171,401 1.07
158 CrossFirst Bankshares, Inc. Leawood Kan. 0.99 15,577 15,660 1.10
159 F.N.B. Corporation Pittsburgh Pa. 0.99 101,387 101,935 1.05
160 Republic Bancorp, Inc. Louisville Ky. 0.99 23,922 24,102 1.49
161 MidWestOne Financial Group, Inc. Iowa City Iowa 0.99 17,271 17,404 1.18
162 Landmark Bancorp, Inc. Manhattan Kan. 0.99 4,980 5,023 1.60
163 The First Bancshares, Inc. Hattiesburg Miss. 0.97 15,600 16,040 1.14
164 QCR Holdings, Inc. Moline Ill. 0.97 22,349 23,044 1.56
165 Park National Corporation Newark Ohio 0.97 39,132 40,359 1.59
166 BOK Financial Corporation Tulsa Okla. 0.97 166,421 172,035 1.34
167 First Horizon Corporation Memphis Tenn. 0.97 308,060 319,169 1.41
168 The Charles Schwab Corporation Westlake Tex. 0.96 1,265,000 1,315,000 0.89
169 Webster Financial Corporation Waterbury Conn. 0.96 94,035 97,772 1.12
170 Umpqua Holdings Corporation Portland Ore. 0.96 116,143 121,031 1.54
171 Flushing Financial Corporation Uniondale N.Y. 0.96 19,258 20,075 0.93
172 M&T Bank Corporation Buffalo N.Y. 0.96 458,069 479,134 1.22
173 Chemung Financial Corporation Elmira N.Y. 0.95 6,795 7,126 1.11
174 NBT Bancorp Inc. Norwich N.Y. 0.94 40,296 42,671 1.39
175 Stockman Financial Corporation Miles City Mont. 0.94 18,289 19,368 1.43
176 Frandsen Financial Corporation Arden Hills Minn. 0.94 11,098 11,801 1.72
177 National Consumer Cooperative Bank Arlington Va. 0.94 15,355 16,340 1.98
178 TriState Capital Holdings, Inc. Pittsburgh Pa. 0.93 18,780 20,166 0.69
179 Bremer Financial Corporation Saint Paul Minn. 0.93 53,060 57,017 1.34
180 U.S. Bancorp Minneapolis Minn. 0.93 1,982,000 2,135,000 1.44
181 Arvest Bank Group, Inc. Bentonville Ark. 0.92 129,730 140,970 1.98
182 Valley View Bancshares, Inc. Overland Park Kan. 0.91 8,511 9,304 0.93
183 Midland States Bancorp, Inc. Effingham Ill. 0.91 20,124 22,071 1.19
184 PeoplesBancorp, MHC Holyoke Mass. 0.91 8,732 9,591 1.01
185 QNB Corp. Quakertown Pa. 0.89 3,869 4,342 0.98
186 Northwest Bancshares, Inc. Warren Pa. 0.89 48,967 55,309 1.34
187 Century Bancorp, Inc. Medford Mass. 0.88 10,823 12,284 0.59
188 United Services Automobile Association San Antonio Tex. 0.88 1,400,798 1,591,239 2.72
189 Independent Bank Corp. Rockland Mass. 0.87 37,572 42,947 1.08
190 Southern BancShares (N.C.), Inc. Mount Olive N.C. 0.87 11,756 13,565 1.12
191 Old National Bancorp Evansville Ind. 0.86 62,786 72,640 1.06
192 Central Bancompany, Inc. Jefferson City Mo. 0.86 58,310 67,598 1.21
193 Broadway Bancshares, Inc. San Antonio Tex. 0.86 15,821 18,374 1.26
194 Orrstown Financial Services, Inc. Shippensburg Pa. 0.86 8,776 10,212 1.20
195 First Busey Corporation Champaign Ill. 0.85 29,766 34,889 1.04
196 Associated Banc-Corp Green Bay Wis. 0.85 91,006 106,994 1.06
197 HomeStreet, Inc. Seattle Wash. 0.85 29,157 34,404 1.60
198 Texas Capital Bancshares, Inc. Dallas Tex. 0.85 73,481 86,780 0.76
199 First State Bancshares, Inc. Farmington Mo. 0.84 12,039 14,257 1.34
200 Cambridge Bancorp Cambridge Mass. 0.84 13,944 16,629 1.32

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. 15, 2021.

© 2021 American Banker

Source:

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

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