NEW YORK — JPMorgan Chase & Co. (JPM) Chairman and Chief Executive Jamie Dimon's take-home compensation rose 11% for 2011.

However, Dimon's award package was flat at $23.1 million in 2011, the nation's largest bank by assets and market capitalization disclosed in its proxy filing with the Securities and Exchange Commission.

The SEC considers what executives actually take home in a year, rather than what they are awarded in a year, and compensation numbers reflect payments in other periods.

JPMorgan disclosed in January that Dimon would receive incentive compensation worth $17 million in stock and stock options for 2011 — the same as his 2010 stock bonus. His cash bonus fell by half from 2010, but his base salary rose by the same $500,000, to $1.5 million, so his cash compensation remains unchanged as well.

The board of director's compensation committee "noted substantial progress in meeting the Firm's priorities," the bank said in the filing, and "considered Mr. Dimon's compensation in relation to the Firm's total shareholder return …and earnings per share."

JPMorgan's profit rose 9% in 2011 from 2010, to $19 billion, and revenue rose 3%, to $63 billion; earnings per share rose 13%, to $4.48. Last year, it surpassed Bank of America Corp. (BAC) as the largest bank by assets, and though it too struggled with botched foreclosures, it had done considerably better during the financial crisis than many banks.

Dimon's compensation tops the pay of the CEOs at other big banks. Bank of America CEO Brian Moynihan took home $18 billion, and Wells Fargo chairman and CEO John Stumpf got $19.8 billion. Richard Fairbank, the chairman and CEO of Capital One Financial Corp. (COF), received no salary or cash bonus, but received stock and option awards valued at $18.7 billion last year.

Investment banking chief Jes Staley's total compensation for last year rose 29%, to $17.5 million. His business delivered a 17% return on equity last year, the compensation committee noted, and Staley "maintained the IB's leadership with a focus on the Firm's reputation and developing and retaining top talent."

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