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

February 25, 2019, 10:54 a.m. EST 1 Min Read

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

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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

)