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

August 10, 2020, 11:51 a.m. EDT 1 Min Read

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Rank	Company	City	State	Multiple	Net income (loss)	Salary and benefits	Return on average assets
1	Ameriprise Financial, Inc.	Minneapolis	Minn.	4.37	$2,035,761	$465,457	5.50
2	Industry Bancshares, Inc.	Industry	Tex.	2.86	27,119	9,496	2.37
3	NexBank Capital, Inc.	Dallas	Tex.	2.80	23,515	8,400	1.05
4	United National Corporation	Sioux Falls	S.D.	2.51	126,596	50,527	14.93
5	ServisFirst Bancshares, Inc.	Birmingham	Ala.	2.22	34,778	15,658	1.53
6	Bank7 Corp.	Oklahoma City	Okla.	2.04	5,051	2,474	2.31
7	City Holding Company	Cross Lanes	W.Va.	1.83	29,000	15,876	2.30
8	Merchants Bancorp	Carmel	Ind.	1.73	24,583	14,213	1.49
9	Prosperity Bancshares, Inc.	Houston	Tex.	1.71	130,848	76,661	1.67
10	Olney Bancshares of Texas, Inc.	Olney	Tex.	1.69	15,868	9,387	1.85
11	Axos Financial, Inc.	Las Vegas	Nev.	1.55	56,057	36,145	1.79
12	Meta Financial Group, Inc.	Sioux Falls	S.D.	1.53	52,304	34,260	3.17
13	Cathay General Bancorp	Los Angeles	Calif.	1.51	46,852	30,939	1.04
14	Lakeland Financial Corporation	Warsaw	Ind.	1.45	17,299	11,914	1.39
15	East West Bancorp, Inc.	Pasadena	Calif.	1.42	144,824	102,197	1.30
16	Lauritzen Corporation	Omaha	Neb.	1.40	13,868	9,898	3.66
17	Inwood Bancshares, Inc.	Dallas	Tex.	1.34	10,591	7,911	1.38
18	Westamerica Bancorporation	San Rafael	Calif.	1.30	16,962	13,018	1.20
19	Eagle Bancorp, Inc.	Bethesda	Md.	1.30	23,123	17,798	0.98
20	John Deere Capital Corporation	Reno	Nev.	1.28	83,915	65,359	0.82
21	New York Community Bancorp, Inc.	Westbury	N.Y.	1.26	100,328	79,451	0.75
22	First Financial Bankshares, Inc.	Abilene	Tex.	1.25	37,231	29,736	1.64
23	Hometown Community Bancorp, Inc.	Morton	Ill.	1.23	13,242	10,798	1.30
24	VeraBank, Inc.	Henderson	Tex.	1.22	10,047	8,220	1.64
25	CVB Financial Corp.	Ontario	Calif.	1.22	37,980	31,140	1.34
26	Ambank Company, Inc.	Sioux Center	Iowa	1.21	5,864	4,828	1.79
27	Stockman Financial Corporation	Miles City	Mont.	1.21	18,420	15,176	1.87
28	TrustCo Bank Corp NY	Glenville	N.Y.	1.17	13,311	11,373	1.02
29	Western Alliance Bancorporation	Phoenix	Ariz.	1.17	83,964	72,064	1.22
30	American National Bankshares Inc.	Danville	Va.	1.16	8,542	7,360	1.37
31	Bridgewater Bancshares, Inc.	Bloomington	Minn.	1.15	7,443	6,454	1.29
32	Ida Grove Bancshares, Inc.	Ida Grove	Iowa	1.15	6,742	5,855	1.54
33	Independent Bank Group, Inc.	McKinney	Tex.	1.14	44,167	38,660	1.18
34	First Security Bancorp	Searcy	Ark.	1.14	27,725	24,368	1.91
35	Green Dot Corporation	Pasadena	Calif.	1.13	46,845	41,352	6.50
36	American National Corporation	Omaha	Neb.	1.11	15,035	13,565	1.52
37	Simmons First National Corporation	Pine Bluff	Ark.	1.10	77,236	70,240	1.48
38	E*TRADE Financial Corporation	Arlington	Va.	1.08	180,942	167,542	1.14
39	Valley View Bancshares, Inc.	Overland Park	Kan.	1.05	9,983	9,495	1.31
40	Valley National Bancorp	Wayne	N.J.	1.02	87,268	85,728	0.92
41	Republic Bancorp, Inc.	Louisville	Ky.	1.01	26,697	26,495	1.90
42	Amarillo National Bancorp, Inc.	Amarillo	Tex.	1.00	20,292	20,215	1.44
43	Farmers & Merchants Bancorp	Lodi	Calif.	1.00	14,123	14,139	1.53
44	Premier Financial Bancorp, Inc.	Huntington	W.Va.	0.99	5,368	5,408	1.22
45	Washington Federal, Inc.	Seattle	Wash.	0.99	37,950	38,392	0.93
46	First of Long Island Corporation	Glen Head	N.Y.	0.99	9,148	9,274	0.90
47	Frandsen Financial Corporation	Arden Hills	Minn.	0.98	9,462	9,694	1.83
48	International Bancshares Corporation	Laredo	Tex.	0.96	34,838	36,332	1.14
49	First Bancshares, Inc.	Merrillville	Ind.	0.95	16,891	17,772	1.44
50	Camden National Corporation	Camden	Maine	0.94	13,493	14,327	1.21
51	Canandaigua National Corporation	Canandaigua	N.Y.	0.93	12,904	13,946	1.69
52	Charles Schwab Corporation	San Francisco	Calif.	0.89	795,000	895,000	1.04
53	Central Bancompany, Inc.	Jefferson City	Mo.	0.88	52,324	59,252	1.39
54	First Merchants Corporation	Muncie	Ind.	0.87	34,263	39,243	1.09
55	BOU Bancorp, Inc.	Ogden	Utah	0.87	6,442	7,395	1.76
56	First Hawaiian, Inc.	Honolulu	Hawaii	0.87	38,865	44,829	0.77
57	First Bancorp, Inc.	Lebanon	Va.	0.86	6,685	7,762	1.37
58	FirstBank Holding Company	Lakewood	Colo.	0.85	58,481	68,712	1.18
59	Century Bancorp, Inc.	Medford	Mass.	0.85	9,666	11,359	0.71
60	Stock Yards Bancorp, Inc.	Louisville	Ky.	0.85	13,231	15,597	1.43
61	Great Southern Bancorp, Inc.	Springfield	Mo.	0.82	14,868	18,058	1.20
62	Wilson Bank Holding Company	Lebanon	Tenn.	0.82	9,031	11,054	1.29
63	Meridian Bancorp, Inc.	Peabody	Mass.	0.80	12,977	16,156	0.82
64	Nicolet Bankshares, Inc.	Green Bay	Wis.	0.79	10,555	13,331	1.19
65	Mercantile Bank Corporation	Grand Rapids	Mich.	0.79	10,673	13,540	1.19
66	First Internet Bancorp	Fishers	Ind.	0.79	6,019	7,639	0.59
67	Arrow Financial Corporation	Glens Falls	N.Y.	0.78	8,127	10,383	1.02
68	CNB Financial Corporation	Clearfield	Pa.	0.77	8,813	11,397	0.94
69	Pinnacle Bancorp, Inc.	Elkhorn	Neb.	0.77	33,616	43,683	1.08
70	People's United Financial, Inc.	Bridgeport	Conn.	0.76	130,418	170,567	0.89
71	First Financial Corporation	Terre Haute	Ind.	0.76	12,181	15,967	1.21
72	Bank of Marin Bancorp	Novato	Calif.	0.76	7,228	9,477	1.09
73	TriState Capital Holdings, Inc.	Pittsburgh	Pa.	0.76	12,895	16,921	0.65
74	Synchrony Financial	Stamford	Conn.	0.75	286,000	380,000	1.14
75	Pacific Premier Bancorp, Inc.	Irvine	Calif.	0.75	25,740	34,216	0.89
76	First State Bancshares, Inc.	Farmington	Mo.	0.75	9,404	12,524	1.43
77	Hills Bancorporation	Hills	Iowa	0.75	7,075	9,425	0.86
78	Glacier Bancorp, Inc.	Kalispell	Mont.	0.74	43,339	58,684	1.24
79	First Bancorp	Southern Pines	N.C.	0.74	18,180	24,657	1.18
80	Landmark Bancorp, Inc.	Manhattan	Kan.	0.73	3,363	4,582	1.35
81	Citizens Bancorp Investment, Inc.	Lafayette	Tenn.	0.73	2,681	3,687	1.13
82	United Bankshares, Inc.	Charleston	W.Va.	0.73	40,183	55,327	0.82
83	Midland Financial Co.	Oklahoma City	Okla.	0.72	54,142	74,697	0.98
84	Civista Bancshares, Inc.	Sandusky	Ohio	0.72	7,833	10,871	1.22
85	BTC Financial Corporation	Des Moines	Iowa	0.72	12,508	17,450	0.99
86	German American Bancorp, Inc.	Jasper	Ind.	0.72	12,472	17,400	1.16
87	Independent Bank Corp.	Rockland	Mass.	0.71	26,751	37,459	0.93
88	RBB Bancorp	Los Angeles	Calif.	0.71	6,748	9,505	0.89
89	Horizon Bancorp, Inc.	Michigan City	Ind.	0.70	11,655	16,591	0.89
90	Community Bank System, Inc.	De Witt	N.Y.	0.69	40,074	58,251	1.40
91	Happy Bancshares, Inc.	Canyon	Tex.	0.68	12,895	18,940	1.34
92	Luther Burbank Corporation	Santa Rosa	Calif.	0.68	7,576	11,130	0.43
93	1st Source Corporation	South Bend	Ind.	0.67	16,413	24,401	0.99
94	Chesapeake Financial Shares, Inc.	Kilmarnock	Va.	0.67	3,368	5,044	1.43
95	First Foundation Inc.	Irvine	Calif.	0.67	13,211	19,856	0.83
96	Southern Missouri Bancorp, Inc.	Poplar Bluff	Mo.	0.66	5,099	7,678	0.88
97	Guaranty Bancshares, Inc.	Addison	Tex.	0.66	6,278	9,466	1.08
98	Bank of New York Mellon Corporation	New York	N.Y.	0.66	980,000	1,482,000	1.02
99	PNC Financial Services Group, Inc.	Pittsburgh	Pa.	0.66	908,519	1,376,703	0.89
100	First Bankers Trustshares, Inc.	Quincy	Ill.	0.66	2,075	3,154	0.90
101	Investors Bancorp, Inc.	Short Hills	N.J.	0.66	39,510	60,263	0.60
102	Bar Harbor Bankshares	Bar Harbor	Maine	0.65	7,721	11,885	0.85
103	First Community Bankshares, Inc.	Bluefield	Va.	0.64	7,872	12,323	1.15
104	Foresight Financial Group, Inc.	Winnebago	Ill.	0.64	3,005	4,725	0.99
105	ANB Corporation	Terrell	Tex.	0.63	8,112	12,834	0.94
106	Bank of Hawaii Corporation	Honolulu	Hawaii	0.63	34,742	55,166	0.76
107	Watford City Bancshares, Inc.	Watford City	N.D.	0.63	10,496	16,697	1.20
108	First Bancshares, Inc.	Hattiesburg	Miss.	0.63	8,311	13,228	0.83
109	INTRUST Financial Corporation	Wichita	Kan.	0.63	13,492	21,549	0.97
110	RCB Holding Company, Inc.	Claremore	Okla.	0.63	8,445	13,489	1.07
111	Northfield Bancorp, Inc.	Woodbridge	N.J.	0.62	4,551	7,288	0.37
112	Northern Trust Corporation	Chicago	Ill.	0.62	360,643	584,789	1.17
113	United Community Banks, Inc.	Blairsville	Ga.	0.62	31,884	51,724	0.99
114	Bremer Financial Corporation	Saint Paul	Minn.	0.61	33,021	53,794	1.01
115	Lakeland Bancorp, Inc.	Oak Ridge	N.J.	0.61	12,392	20,235	0.76
116	Enterprise Financial Services Corp	Clayton	Mo.	0.61	12,868	21,017	0.70
117	Washington Trust Bancorp, Inc.	Westerly	R.I.	0.61	11,901	19,498	0.88
118	215 Holding Company	Minneapolis	Minn.	0.61	2,113	3,481	1.09
119	QCR Holdings, Inc.	Moline	Ill.	0.61	11,228	18,519	0.91
120	First Mid Bancshares, Inc.	Mattoon	Ill.	0.60	9,999	16,537	1.05
121	Central Bancshares, Inc.	Muscatine	Iowa	0.60	2,812	4,663	1.11
122	South Central Bancshares of Kentucky, Inc.	Glasgow	Ky.	0.60	2,801	4,647	0.90
123	Hope Bancorp, Inc.	Los Angeles	Calif.	0.60	25,953	43,123	0.67
124	Bridge Bancorp, Inc.	Bridgehampton	N.Y.	0.60	9,348	15,549	0.75
125	PeoplesBancorp, MHC	Holyoke	Mass.	0.60	5,288	8,801	0.72
126	W.T.B. Financial Corporation	Spokane	Wash.	0.60	18,523	31,127	1.03
127	Kearny Financial Corp.	Fairfield	N.J.	0.59	9,254	15,578	0.55
128	U.S. Bancorp	Minneapolis	Minn.	0.59	1,171,000	1,972,000	0.95
129	TriCo Bancshares	Chico	Calif.	0.59	16,121	27,272	0.99
130	S&T Bancorp, Inc.	Indiana	Pa.	0.58	13,231	22,722	0.61
131	Alpine Banks of Colorado	Glenwood Springs	Colo.	0.58	10,873	18,675	1.12
132	Park National Corporation	Newark	Ohio	0.58	22,372	38,472	1.04
133	BancFirst Corporation	Oklahoma City	Okla.	0.57	22,608	39,756	1.06
134	First Interstate BancSystem, Inc.	Billings	Mont.	0.56	29,282	52,163	0.81
135	OceanFirst Financial Corp.	Toms River	N.J.	0.56	16,533	29,521	0.64
136	Bancorp, Inc.	Wilmington	Del.	0.55	12,591	22,944	0.92
137	Heritage Financial Corporation	Olympia	Wash.	0.55	12,191	22,311	0.87
138	Truist Financial Corporation	Charlotte	N.C.	0.54	1,060,000	1,972,000	0.89
139	Heartland BancCorp	Whitehall	Ohio	0.53	2,912	5,447	1.02
140	Dime Community Bancshares, Inc.	Brooklyn	N.Y.	0.53	8,392	15,699	0.54
141	SVB Financial Group	Santa Clara	Calif.	0.53	135,622	254,408	0.75
142	CBTX, Inc.	Houston	Tex.	0.53	7,541	14,223	0.87
143	Bank of America Corporation	Charlotte	N.C.	0.53	4,010,000	7,584,000	0.64
144	American Bancor, Ltd.	Dickinson	N.D.	0.53	5,231	9,928	0.99
145	State Street Corporation	Boston	Mass.	0.52	634,000	1,208,000	1.01
146	Stearns Financial Services, Inc.	Saint Cloud	Minn.	0.52	7,794	14,874	1.29
147	Third Federal Savings and Loan Association of Cleveland, MHC	Cleveland	Ohio	0.52	14,208	27,166	0.38
148	First Financial Bancorp.	Cincinnati	Ohio	0.52	28,628	54,822	0.79
149	Citizens Union Bancorp of Shelbyville, Inc.	Shelbyville	Ky.	0.52	1,883	3,642	0.87
150	MB Mutual Holding Company	Manasquan	N.J.	0.52	2,825	5,466	0.64
151	Dacotah Banks, Inc.	Aberdeen	S.D.	0.51	6,877	13,460	1.02
152	M&T Bank Corporation	Buffalo	N.Y.	0.50	268,822	536,843	0.89
153	Spend Life Wisely Company, Inc.	Durant	Okla.	0.48	24,636	51,066	1.21
154	Provident Financial Services, Inc.	Jersey City	N.J.	0.48	14,931	31,195	0.60
155	National Bank Holdings Corporation	Greenwood Village	Colo.	0.48	15,824	33,180	1.08
156	Business First Bancshares, Inc.	Baton Rouge	La.	0.48	4,499	9,435	0.80
157	University Financial Corp, GBC	Saint Paul	Minn.	0.47	3,180	6,797	1.12
158	WesBanco, Inc.	Wheeling	W.Va.	0.47	23,396	50,153	0.59
159	Wintrust Financial Corporation	Rosemont	Ill.	0.46	62,812	136,290	0.69
160	Cambridge Financial Group, Inc.	Cambridge	Mass.	0.46	6,271	13,631	0.57
161	F.N.B. Corporation	Pittsburgh	Pa.	0.46	47,417	103,738	0.55
162	First Busey Corporation	Champaign	Ill.	0.45	15,364	34,003	0.64
163	Citigroup Inc.	New York	N.Y.	0.45	2,522,000	5,654,000	0.49
164	Community Trust Bancorp, Inc.	Pikeville	Ky.	0.44	6,579	15,031	0.60
165	Central Bancshares, Inc.	Lexington	Ky.	0.44	5,903	13,498	0.87
166	Orrstown Financial Services, Inc.	Shippensburg	Pa.	0.44	5,068	11,594	0.86
167	Cullen/Frost Bankers, Inc.	San Antonio	Tex.	0.44	54,753	125,480	0.66
168	BancPlus Corporation	Ridgeland	Miss.	0.43	7,676	17,702	1.00
169	Apple Financial Holdings, Inc.	New York	N.Y.	0.43	14,036	32,739	0.37
170	Dollar Mutual Bancorp	Pittsburgh	Pa.	0.42	12,562	29,837	0.55
171	ConnectOne Bancorp, Inc.	Englewood Cliffs	N.J.	0.41	6,030	14,563	0.34
172	Peoples Bancorp of North Carolina, Inc.	Newton	N.C.	0.41	2,367	5,724	0.79
173	Blackhawk Bancorp, Inc.	Beloit	Wis.	0.41	2,074	5,035	0.86
174	HBT Financial, Inc.	Bloomington	Ill.	0.41	6,221	15,188	0.78
175	Central Pacific Financial Corp.	Honolulu	Hawaii	0.41	8,326	20,347	0.56
176	Commerce Bancshares, Inc.	Kansas City	Mo.	0.40	51,857	128,937	0.80
177	Associated Banc-Corp	Green Bay	Wis.	0.40	45,838	114,200	0.56
178	Heartland Financial USA, Inc.	Dubuque	Iowa	0.40	20,040	50,001	0.61
179	Hawaiian Electric Industries, Inc.	Honolulu	Hawaii	0.40	33,420	83,424	0.98
180	BOK Financial Corporation	Tulsa	Okla.	0.40	62,079	156,181	0.55
181	Morgan Stanley	New York	N.Y.	0.40	1,698,000	4,283,000	0.74
182	South State Corporation	Winter Haven	Fla.	0.40	24,110	60,975	0.60
183	Minnwest Corporation	Minnetonka	Minn.	0.39	3,696	9,509	0.73
184	Webster Financial Corporation	Waterbury	Conn.	0.38	38,199	101,862	0.50
185	Goldman Sachs Group, Inc.	New York	N.Y.	0.37	1,213,000	3,235,000	0.46
186	Bangor Bancorp, MHC	Bangor	Maine	0.37	9,219	24,599	0.78
187	Hometown Financial Group MHC	Easthampton	Mass.	0.37	4,053	10,875	0.54
188	FB Corporation	Creve Coeur	Mo.	0.37	9,546	25,668	0.62
189	Community Bancshares of Mississippi, Inc.	Brandon	Miss.	0.37	5,705	15,360	0.69
190	Southern First Bancshares, Inc.	Greenville	S.C.	0.37	2,832	7,665	0.51
191	New Hampshire Mutual Bancorp	Concord	N.H.	0.37	3,929	10,741	0.67
192	Flagstar Bancorp, Inc.	Troy	Mich.	0.36	45,517	126,227	0.78
193	Sandy Spring Bancorp, Inc.	Olney	Md.	0.36	9,987	28,054	0.46
194	Chemung Financial Corporation	Elmira	N.Y.	0.36	2,492	7,019	0.55
195	Pinnacle Financial Partners, Inc.	Nashville	Tenn.	0.35	28,356	80,480	0.40
196	Woodforest Financial Group, Inc.	The Woodlands	Tex.	0.34	27,935	80,981	1.65
197	Regions Financial Corporation	Birmingham	Ala.	0.34	162,000	472,000	0.52
198	Lincoln Bancorp	Reinbeck	Iowa	0.34	2,760	8,050	0.81
199	Johnson Financial Group, Inc.	Racine	Wis.	0.34	12,775	37,262	0.96
200	South Plains Financial, Inc.	Lubbock	Tex.	0.34	7,083	20,810	0.88

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 Aug. 7, 2020.

Source:

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