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

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Year to date through Sep. 30, 2018. Dollars in thousands.

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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. 3.96 $81,705 $20,622 4.41
2 Lauritzen Corporation Omaha Neb. 3.77 37,403 9,927 11.55
3 Bancorp, Inc. Wilmington Del. 3.18 61,277 19,243 5.77
4 Olney Bancshares of Texas, Inc. Olney Tex. 2.65 23,857 9,009 2.56
5 ServisFirst Bancshares, Inc. Birmingham Ala. 2.64 34,560 13,071 1.89
6 Inwood Bancshares, Inc. Dallas Tex. 2.62 14,444 5,514 2.14
7 NexBank Capital, Inc. Dallas Tex. 2.48 22,822 9,200 1.19
8 Sterling Bancorp, Inc. Southfield Mich. 2.32 15,741 6,789 1.98
9 Cathay General Bancorp Los Angeles Calif. 2.29 69,757 30,514 1.73
10 Eagle Bancorp, Inc. Bethesda Md. 2.27 38,947 17,157 1.94
11 John Deere Capital Corporation Reno Nev. 2.19 133,236 60,768 1.42
12 Merchants Bancorp Carmel Ind. 2.15 16,739 7,768 1.75
13 Home BancShares, Inc. Conway Ark. 2.12 80,284 37,825 2.16
14 Sterling Bancorp Montebello N.Y. 2.10 119,650 56,976 1.54
15 First-West Texas Bancshares, Inc. Midland Tex. 2.10 6,470 3,084 1.94
16 Amboy Bancorporation Old Bridge N.J. 2.02 12,522 6,209 2.13
17 Silver Queen Financial Services, Inc. Greenwood Village Colo. 1.99 4,657 2,340 0.98
18 ConnectOne Bancorp, Inc. Englewood Cliffs N.J. 1.95 19,902 10,181 1.53
19 1867 Western Financial Corporation Stockton Calif. 1.92 21,134 10,993 2.80
20 United National Corporation Sioux Falls S.D. 1.90 87,090 45,935 11.67
21 Lakeland Financial Corporation Warsaw Ind. 1.85 20,570 11,122 1.73
22 E*TRADE Financial Corporation New York N.Y. 1.83 285,209 155,785 1.76
23 First National Bancshares, Inc. East Lansing Mich. 1.78 11,289 6,342 2.72
24 East West Bancorp, Inc. Pasadena Calif. 1.76 171,302 97,120 1.77
25 Discover Financial Services Riverwoods Ill. 1.74 720,691 414,742 2.76
26 LegacyTexas Financial Group, Inc. Plano Tex. 1.73 42,818 24,802 1.87
27 Western Alliance Bancorporation Phoenix Ariz. 1.72 111,123 64,762 2.06
28 New York Private Bank & Trust Corporation New York N.Y. 1.70 56,327 33,055 3.90
29 Oritani Financial Corp. Township of Washington N.J. 1.70 13,396 7,898 1.30
30 Capitol Federal Financial, Inc. Topeka Kan. 1.67 21,389 12,794 0.92
31 Washington Federal, Inc. Seattle Wash. 1.64 51,515 31,361 1.31
32 First Horizon National Corporation Memphis Tenn. 1.61 271,833 168,900 2.70
33 PacWest Bancorp Beverly Hills Calif. 1.61 116,287 72,333 1.91
34 Synchrony Financial Stamford Conn. 1.61 670,910 417,883 2.67
35 Prosperity Bancshares, Inc. Houston Tex. 1.59 82,522 51,906 1.46
36 S&T Bancorp, Inc. Indiana Pa. 1.56 30,881 19,769 1.76
37 Southern BancShares (N.C.), Inc. Mount Olive N.C. 1.53 16,579 10,808 2.57
38 City Holding Company Cross Lanes W.Va. 1.52 20,693 13,595 1.89
39 First Financial Bankshares, Inc. Abilene Tex. 1.51 40,050 26,466 2.11
40 Great Southern Bancorp, Inc. Springfield Mo. 1.49 22,516 15,094 1.99
41 BankUnited, Inc. Miami Lakes Fla. 1.49 97,328 65,280 1.25
42 CVB Financial Corp. Ontario Calif. 1.45 38,558 26,649 1.53
43 International Bancshares Corporation Laredo Tex. 1.44 51,095 35,360 1.70
44 Amarillo National Bancorp, Inc. Amarillo Tex. 1.42 21,656 15,205 2.16
45 TrustCo Bank Corp NY Glenville N.Y. 1.41 15,200 10,761 1.23
46 SVB Financial Group Santa Clara Calif. 1.41 274,817 194,744 1.94
47 Hometown Community Bancorp, Inc. Morton Ill. 1.40 16,273 11,633 1.73
48 Industry Bancshares, Inc. Industry Tex. 1.39 11,778 8,475 1.19
49 Enterprise Financial Services Corp Clayton Mo. 1.37 22,516 16,452 1.64
50 Ally Financial Inc. Detroit Mich. 1.36 374,000 274,000 0.87
51 New York Community Bancorp, Inc. Westbury N.Y. 1.36 106,771 78,281 0.84
52 Pinnacle Financial Partners, Inc. Nashville Tenn. 1.36 93,747 69,117 1.55
53 INTRUST Financial Corporation Wichita Kan. 1.35 25,040 18,523 1.95
54 Luther Burbank Corporation Santa Rosa Calif. 1.34 12,129 9,037 0.73
55 First Security Bancorp Searcy Ark. 1.32 26,274 19,891 1.93
56 Stockman Financial Corporation Miles City Mont. 1.32 18,015 13,678 2.03
57 Bridgewater Bancshares, Inc. Bloomington Minn. 1.32 6,463 4,910 1.42
58 Cadence Bancorporation Houston Tex. 1.32 47,136 35,811 1.62
59 Provident Financial Services, Inc. Iselin N.J. 1.29 35,468 27,464 1.46
60 United Bankshares, Inc. Charleston W.Va. 1.29 64,412 49,956 1.35
61 Educational Services of America, Inc. Farragut Tenn. 1.28 7,315 5,723 0.96
62 OFG Bancorp San Juan P.R. 1.27 23,100 18,135 1.41
63 Westamerica Bancorporation San Rafael Calif. 1.27 16,993 13,415 1.20
64 Great Western Bancorp, Inc. Sioux Falls S.D. 1.26 42,283 33,596 1.41
65 Charles Schwab Corporation San Francisco Calif. 1.26 923,000 734,000 1.38
66 Comerica Incorporated Dallas Tex. 1.25 318,275 254,143 1.77
67 First Merchants Corporation Muncie Ind. 1.25 41,113 32,936 1.69
68 WSFS Financial Corporation Wilmington Del. 1.25 38,935 31,194 2.19
69 OceanFirst Financial Corp. Toms River N.J. 1.24 24,069 19,413 1.27
70 Chemical Financial Corporation Detroit Mich. 1.24 70,397 56,894 1.38
71 Hope Bancorp, Inc. Los Angeles Calif. 1.23 46,377 37,593 1.23
72 BSB Bancorp, Inc. Belmont Mass. 1.23 6,228 5,067 0.85
73 American Express Company New York N.Y. 1.23 1,657,000 1,350,000 3.62
74 215 Holding Company Minneapolis Minn. 1.22 3,878 3,166 2.13
75 Ambank Company, Inc. Sioux Center Iowa 1.22 5,291 4,324 1.76
76 M&T Bank Corporation Buffalo N.Y. 1.22 526,091 431,371 1.81
77 FirstBank Holding Company Lakewood Colo. 1.21 69,136 57,133 1.51
78 Veritex Holdings, Inc. Dallas Tex. 1.21 8,935 7,393 1.11
79 Axos Financial, Inc. San Diego Calif. 1.21 36,841 30,560 1.57
80 Sandy Spring Bancorp, Inc. Olney Md. 1.19 29,234 24,488 1.46
81 Independent Bank Group, Inc. McKinney Tex. 1.19 35,696 30,114 1.42
82 Meridian Bancorp, Inc. Peabody Mass. 1.19 17,357 14,645 1.22
83 Hills Bancorporation Hills Iowa 1.18 10,049 8,492 1.33
84 Regions Financial Corporation Birmingham Ala. 1.17 563,904 480,444 1.81
85 National Bankshares, Inc. Blacksburg Va. 1.17 4,251 3,639 1.36
86 First of Long Island Corporation Glen Head N.Y. 1.16 10,057 8,633 0.94
87 Heritage Commerce Corp San Jose Calif. 1.15 12,375 10,719 1.54
88 Southside Bancshares, Inc. Tyler Tex. 1.15 20,303 17,628 1.31
89 Valley View Bancshares, Inc. Overland Park Kan. 1.14 10,068 8,797 1.30
90 American National Corporation Omaha Neb. 1.14 14,864 13,039 1.59
91 Apple Financial Holdings, Inc. New York N.Y. 1.14 24,800 21,818 0.73
92 Midland Financial Co. Oklahoma City Okla. 1.13 71,127 62,862 1.92
93 Carolina Financial Corporation Charleston S.C. 1.13 15,204 13,451 1.66
94 F.N.B. Corporation Pittsburgh Pa. 1.13 100,763 89,535 1.24
95 First Internet Bancorp Fishers Ind. 1.12 6,288 5,620 0.79
96 Texas Capital Bancshares, Inc. Dallas Tex. 1.11 85,552 77,210 1.32
97 Southern Missouri Bancorp, Inc. Poplar Bluff Mo. 1.11 6,800 6,152 1.43
98 Flushing Financial Corporation Uniondale N.Y. 1.09 17,333 15,846 1.07
99 Cullen/Frost Bankers, Inc. San Antonio Tex. 1.09 117,844 107,954 1.51
100 Bank of Hawaii Corporation Honolulu Hawaii 1.08 56,933 52,531 1.34
101 First Volunteer Corporation Chattanooga Tenn. 1.08 5,011 4,647 2.04
102 Ameris Bancorp Moultrie Ga. 1.08 41,444 38,447 1.48
103 Bank of Marin Bancorp Novato Calif. 1.08 8,680 8,069 1.39
104 Camden National Corporation Camden Maine 1.07 14,057 13,143 1.34
105 Old Line Bancshares, Inc. Bowie Md. 1.07 8,265 7,747 1.13
106 Chemung Financial Corporation Elmira N.Y. 1.06 6,930 6,545 1.62
107 Pedcor Capital, LLC Carmel Ind. 1.06 1,891 1,787 1.87
108 Independent Bank Corp. Rockland Mass. 1.06 33,015 31,207 1.58
109 First Bancorp, Inc. Lebanon Va. 1.06 7,064 6,685 1.61
110 Community Trust Bancorp, Inc. Pikeville Ky. 1.06 16,106 15,264 1.53
111 CBTX, Inc. Houston Tex. 1.04 13,023 12,498 1.63
112 German American Bancorp, Inc. Jasper Ind. 1.04 12,639 12,134 1.51
113 Webster Financial Corporation Waterbury Conn. 1.04 99,673 96,109 1.47
114 Premier Financial Bancorp, Inc. Huntington W.Va. 1.04 5,021 4,846 1.31
115 First Busey Corporation Champaign Ill. 1.03 26,859 26,024 1.37
116 Popular, Inc. Hato Rey P.R. 1.02 141,000 138,000 1.19
117 JPMorgan Chase & Co. New York N.Y. 1.02 8,380,000 8,240,000 1.29
118 First Community Bankshares, Inc. Bluefield Va. 1.02 9,098 8,955 1.56
119 Washington Trust Bancorp, Inc. Westerly R.I. 1.01 17,511 17,315 1.47
120 Dime Community Bancshares, Inc. Brooklyn N.Y. 1.01 11,782 11,661 0.76
121 BOU Bancorp, Inc. Ogden Utah 1.01 6,769 6,702 2.06
122 Capital One Financial Corporation McLean Va. 1.01 1,501,987 1,491,016 1.66
123 Brookline Bancorp, Inc. Boston Mass. 1.01 22,460 22,338 1.23
124 IBERIABANK Corporation Lafayette La. 1.00 101,465 101,159 1.34
125 Glacier Bancorp, Inc. Kalispell Mont. 1.00 49,336 49,415 1.67
126 Central Bancompany, Inc. Jefferson City Mo. 1.00 49,187 49,325 1.53
127 First Financial Bancorp. Cincinnati Ohio 1.00 50,657 50,852 1.46
128 U.S. Bancorp Minneapolis Minn. 1.00 1,815,000 1,823,000 1.58
129 Franklin Financial Network, Inc. Franklin Tenn. 0.98 10,549 10,713 1.02
130 PNC Financial Services Group, Inc. Pittsburgh Pa. 0.98 1,388,846 1,422,323 1.47
131 Huntington Bancshares Incorporated Columbus Ohio 0.97 377,842 388,115 1.43
132 Union Bankshares Corporation Richmond Va. 0.97 38,198 39,279 1.18
133 Pinnacle Bancorp, Inc. Omaha Neb. 0.97 36,360 37,411 1.37
134 First Bancorp Southern Pines N.C. 0.97 21,991 22,681 1.54
135 Commerce Bancshares, Inc. Kansas City Mo. 0.97 112,576 116,194 1.81
136 First Midwest Bancorp, Inc. Chicago Ill. 0.97 53,352 55,076 1.43
137 Lakeland Bancorp, Inc. Oak Ridge N.J. 0.97 16,758 17,352 1.20
138 Stock Yards Bancorp, Inc. Louisville Ky. 0.96 13,878 14,383 1.76
139 Northfield Bancorp, Inc. Woodbridge N.J. 0.96 9,077 9,443 0.85
140 CIT Group Inc. New York N.Y. 0.96 131,569 136,995 1.05
141 Synovus Financial Corp. Columbus Ga. 0.95 109,059 114,341 1.37
142 Simmons First National Corporation Pine Bluff Ark. 0.95 55,193 58,204 1.38
143 Hawaiian Electric Industries, Inc. Honolulu Hawaii 0.95 65,900 69,526 2.04
144 Arrow Financial Corporation Glens Falls N.Y. 0.95 9,260 9,771 1.28
145 First BanCorp. San Juan P.R. 0.95 36,323 38,409 1.18
146 First Commonwealth Financial Corporation Indiana Pa. 0.94 25,149 26,629 1.31
147 Columbia Banking System, Inc. Tacoma Wash. 0.94 46,415 49,449 1.44
148 BancFirst Corporation Oklahoma City Okla. 0.94 32,883 35,051 1.72
149 United Community Banks, Inc. Blairsville Ga. 0.93 43,682 46,877 1.41
150 Citizens Financial Group, Inc. Providence R.I. 0.93 442,664 475,990 1.13
151 BTC Financial Corporation Des Moines Iowa 0.93 15,511 16,701 1.39
152 Red River Bancshares, Inc. Alexandria La. 0.93 6,142 6,624 1.36
153 Bank of America Corporation Charlotte N.C. 0.93 7,167,000 7,731,000 1.23
154 SunTrust Banks, Inc. Atlanta Ga. 0.92 752,033 816,206 1.44
155 Alpine Banks of Colorado Glenwood Springs Colo. 0.92 14,349 15,584 1.60
156 American National Bankshares Inc. Danville Va. 0.92 5,785 6,321 1.27
157 CenterState Bank Corporation Winter Haven Fla. 0.92 37,985 41,505 1.38
158 Stearns Financial Services, Inc. Saint Cloud Minn. 0.91 12,035 13,163 2.37
159 Investors Bancorp, Inc. Short Hills N.J. 0.91 54,224 59,323 0.85
160 Hometown Financial Group MHC Easthampton Mass. 0.91 5,981 6,546 1.14
161 Horizon Bancorp, Inc. Michigan City Ind. 0.91 13,065 14,344 1.27
162 Southern First Bancshares, Inc. Greenville S.C. 0.91 5,782 6,353 1.29
163 Century Bancorp, Inc. Medford Mass. 0.91 9,581 10,570 0.79
164 First Financial Corporation Terre Haute Ind. 0.90 11,313 12,514 1.52
165 Hanmi Financial Corporation Los Angeles Calif. 0.89 16,081 17,999 1.18
166 QNB Corp. Quakertown Pa. 0.89 3,211 3,612 1.08
167 Umpqua Holdings Corporation Portland Ore. 0.89 90,981 102,615 1.38
168 People's United Financial, Inc. Bridgeport Conn. 0.89 116,967 132,046 1.06
169 First Defiance Financial Corp. Defiance Ohio 0.88 11,306 12,844 1.48
170 First Keystone Corporation Berwick Pa. 0.87 2,596 2,982 1.02
171 Cambridge Financial Group, Inc. Cambridge Mass. 0.87 10,137 11,648 1.08
172 KeyCorp Cleveland Ohio 0.87 482,427 554,958 1.39
173 Citigroup Inc. New York N.Y. 0.87 4,622,000 5,318,000 0.96
174 Bar Harbor Bankshares Bar Harbor Maine 0.87 8,970 10,330 1.01
175 Pedcor Financial, LLC Carmel Ind. 0.86 2,246 2,597 1.08
176 Valley National Bancorp Wayne N.J. 0.86 69,559 80,778 0.91
177 First Bancshares, Inc. Merrillville Ind. 0.86 14,581 16,976 1.40
178 TriState Capital Holdings, Inc. Pittsburgh Pa. 0.86 14,311 16,666 1.07
179 1st Source Corporation South Bend Ind. 0.86 19,888 23,164 1.27
180 Farmers & Merchants Bancorp Lodi Calif. 0.86 12,000 14,011 1.54
181 Fulton Financial Corporation Lancaster Pa. 0.85 65,633 76,770 1.30
182 Farmers & Merchants Investment, Inc. Lincoln Neb. 0.85 16,828 19,697 1.65
183 Middlesex Bancorp, MHC Natick Mass. 0.85 12,094 14,187 1.00
184 Fifth Third Bancorp Cincinnati Ohio 0.85 432,428 508,950 1.21
185 Banner Corporation Walla Walla Wash. 0.85 37,773 44,661 1.44
186 Community Bank System, Inc. De Witt N.Y. 0.84 43,049 51,062 1.62
187 ANB Corporation Terrell Tex. 0.84 11,433 13,585 1.46
188 Bryn Mawr Bank Corporation Bryn Mawr Pa. 0.84 16,682 19,881 1.52
189 PeoplesBancorp, MHC Holyoke Mass. 0.84 6,173 7,360 0.98
190 First Foundation Inc. Irvine Calif. 0.84 14,707 17,577 1.02
191 First Interstate BancSystem, Inc. Billings Mont. 0.84 41,438 49,535 1.30
192 Equity Bancshares, Inc. Wichita Kan. 0.84 10,322 12,361 1.08
193 Nicolet Bankshares, Inc. Green Bay Wis. 0.83 10,859 13,025 1.46
194 CNB Financial Corporation Clearfield Pa. 0.83 9,237 11,121 1.20
195 WesBanco, Inc. Wheeling W.Va. 0.82 32,486 39,431 1.10
196 Hancock Whitney Corporation Gulfport Miss. 0.82 83,879 102,473 1.19
197 BOK Financial Corporation Tulsa Okla. 0.82 117,256 143,531 1.38
198 Goldman Sachs Group, Inc. New York N.Y. 0.82 2,524,000 3,091,000 1.04
199 First National of Nebraska, Inc. Omaha Neb. 0.81 93,416 114,726 1.83
200 Old National Bancorp Evansville Ind. 0.81 51,348 63,158 1.18
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. 22, 2019.
© 2018 American Banker
Source: Financial Information Systems LLC (www.FEDFIS.com)