SIC Code 60

Depository Institutions

148 companies · FY2023

Median Pay Ratio
33:1
Avg Pay Ratio
48:1
Median CEO Pay
$2.2M
Avg CEO Pay
$3.4M

Reading the Depository Institutions CEO Pay Landscape (SIC 60, FY2023)

The Depository Institutions industry, classified under 2-digit SIC code 60, had 148 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2023. Across that set of firms, the median CEO-to-worker pay ratio was 33:1 and the average was 48:1. Median CEO total compensation in the sector was $2.2M, with the sector-wide average at $3.4M. These figures are aggregated from DEF 14A proxy statements filed under Section 953(b) of the Dodd-Frank Act, which requires every U.S.-listed reporting company to compare its CEO's total compensation against a representative median employee.

Pay dispersion inside this industry is substantial. The 25th percentile CEO in Depository Institutions earned $972K, while the 75th percentile CEO earned $4.2M — a spread that shows how firm size, equity-heavy compensation packages, and performance-linked incentives can drive very different outcomes even among peers sharing the same SIC code. When the average and median ratios are close, as they are here, pay practices in the sector are relatively uniform and the median is a reliable representative value.

Below you can scan each of the 159 Depository Institutions companies PlainCEOPay currently tracks in this SIC group, with headline pay, CEO name, median worker pay, and individual pay ratios. Click through to any company page to see the full compensation breakdown — base salary, stock awards, option awards, non-equity incentive pay, pension value changes, and other compensation — plus how that firm specifically compares to this industry benchmark. All data is pulled directly from SEC EDGAR filings and reflects what companies themselves disclosed to shareholders; it is not estimated, imputed, or projected.

Companies in Depository Institutions (159)

Companies in Depository Institutions with CEO pay ratio, CEO total compensation, median worker pay, and fiscal year — sourced from SEC EDGAR DEF 14A.
Company CEO CEO Pay Median Worker Pay Ratio FY
EURONET WORLDWIDE, INC.SEC EDGAR DEF 14A — CIK 1029199 $13.8M $30K 465:1 2023
WELLS FARGO & COMPANY/MNSEC EDGAR DEF 14A — CIK 72971 325:1 2023
STATE STREET CORPSEC EDGAR DEF 14A — CIK 93751 $13.5M $52K 261:1 2023
BANK OF AMERICA CORP /DE/SEC EDGAR DEF 14A — CIK 70858 $28.6M $124K 230:1 2023
Bank of New York Mellon CorpSEC EDGAR DEF 14A — CIK 1390777 $16.8M $81K 209:1 2023
PNC FINANCIAL SERVICES GROUP, INC.SEC EDGAR DEF 14A — CIK 713676 191:1 2023
CITIZENS FINANCIAL GROUP INC/RISEC EDGAR DEF 14A — CIK 759944 149:1 2023
NORTHERN TRUST CORPSEC EDGAR DEF 14A — CIK 73124 $10.2M $71K 144:1 2023
FIFTH THIRD BANCORPSEC EDGAR DEF 14A — CIK 35527 $9.4M $66K 142:1 2023
REGIONS FINANCIAL CORPSEC EDGAR DEF 14A — CIK 1281761 $7.9M $57K 139:1 2023
HUNTINGTON BANCSHARES INC /MD/SEC EDGAR DEF 14A — CIK 49196 $10.2M $74K 137:1 2023
Hilltop Holdings Inc.SEC EDGAR DEF 14A — CIK 1265131 $9.2M $72K 128:1 2023
KEYCORP /NEW/SEC EDGAR DEF 14A — CIK 91576 $10.3M $81K 127:1 2023
DIME COMMUNITY BANCSHARES INCSEC EDGAR DEF 14A — CIK 1005409 $9.7M $82K 118:1 2021
POPULAR, INC.SEC EDGAR DEF 14A — CIK 763901 117:1 2023
TRUIST FINANCIAL CORPSEC EDGAR DEF 14A — CIK 92230 $12.4M $109K 114:1 2023
M&T BANK CORPSEC EDGAR DEF 14A — CIK 36270 $9.4M $85K 111:1 2023
FNB CORP/PA/SEC EDGAR DEF 14A — CIK 37808 $7.4M $71K 103:1 2023
HANCOCK WHITNEY CORPSEC EDGAR DEF 14A — CIK 750577 $5.6M $61K 91:1 2023
WEBSTER FINANCIAL CORPSEC EDGAR DEF 14A — CIK 801337 $7.7M $85K 91:1 2023
CULLEN/FROST BANKERS, INC.SEC EDGAR DEF 14A — CIK 39263 85:1 2023
EAST WEST BANCORP INCSEC EDGAR DEF 14A — CIK 1069157 $8.4M $106K 79:1 2023
SVB FINANCIAL GROUPSEC EDGAR DEF 14A — CIK 719739 $9.9M $126K 79:1 2021
WESTERN ALLIANCE BANCORPORATIONSEC EDGAR DEF 14A — CIK 1212545 $8.8M $112K 78:1 2023
UNITED BANKSHARES INC/WVSEC EDGAR DEF 14A — CIK 729986 $4.4M $57K 77:1 2023
PROSPERITY BANCSHARES INCSEC EDGAR DEF 14A — CIK 1068851 $3.2M $44K 73:1 2023
ASSOCIATED BANC-CORPSEC EDGAR DEF 14A — CIK 7789 $4.7M $67K 71:1 2023
FLAGSTAR BANK, NATIONAL ASSOCIATIONSEC EDGAR DEF 14A — CIK 910073 70:1 2023
Ameris BancorpSEC EDGAR DEF 14A — CIK 351569 $5.1M $73K 69:1 2023
FLAGSTAR BANCORP INCSEC EDGAR DEF 14A — CIK 1033012 $4.5M $65K 69:1 2021
WAFD INCSEC EDGAR DEF 14A — CIK 936528 $4.1M $60K 67:1 2023
TFS Financial CORPSEC EDGAR DEF 14A — CIK 1381668 $4.8M $73K 66:1 2023
SYNOVUS FINANCIAL CORPSEC EDGAR DEF 14A — CIK 18349 $2.1M $32K 66:1 2023
COMERICA INCSEC EDGAR DEF 14A — CIK 28412 $7.7M $121K 64:1 2023
WESTAMERICA BANCORPORATIONSEC EDGAR DEF 14A — CIK 311094 $2.9M $46K 63:1 2023
VALLEY NATIONAL BANCORPSEC EDGAR DEF 14A — CIK 714310 $5.4M $88K 62:1 2023
COMMERCE BANCSHARES INC /MO/SEC EDGAR DEF 14A — CIK 22356 $4.7M $76K 62:1 2023
UNITED COMMUNITY BANKS INCSEC EDGAR DEF 14A — CIK 857855 $3.8M $61K 62:1 2023
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/SEC EDGAR DEF 14A — CIK 109380 $4.8M $82K 59:1 2023
EQUITY BANCSHARES INCSEC EDGAR DEF 14A — CIK 1227500 $2.7M $45K 59:1 2023
COMMUNITY FINANCIAL SYSTEM, INC.SEC EDGAR DEF 14A — CIK 723188 $2.5M $43K 58:1 2023
PEOPLES BANCORP INCSEC EDGAR DEF 14A — CIK 318300 $3.1M $55K 57:1 2023
Bancorp, Inc.SEC EDGAR DEF 14A — CIK 1295401 $5.8M $104K 56:1 2023
PINNACLE FINANCIAL PARTNERS INCSEC EDGAR DEF 14A — CIK 1115055 $5.7M $105K 54:1 2023
PACIFIC PREMIER BANCORP INCSEC EDGAR DEF 14A — CIK 1028918 $5.0M $94K 53:1 2023
Dime Community Bancshares, Inc. /NY/SEC EDGAR DEF 14A — CIK 846617 $4.6M $86K 53:1 2023
National Bank Holdings CorpSEC EDGAR DEF 14A — CIK 1475841 $3.6M $69K 52:1 2023
GLACIER BANCORP, INC.SEC EDGAR DEF 14A — CIK 868671 $3.0M $58K 51:1 2023
CATHAY GENERAL BANCORPSEC EDGAR DEF 14A — CIK 861842 $3.5M $71K 50:1 2023
TRUSTMARK CORPSEC EDGAR DEF 14A — CIK 36146 $2.8M $57K 50:1 2023
GREAT SOUTHERN BANCORP, INC.SEC EDGAR DEF 14A — CIK 854560 $1.8M $38K 47:1 2023
Axos Financial, Inc.SEC EDGAR DEF 14A — CIK 1299709 $4.4M $96K 46:1 2023
SIMMONS FIRST NATIONAL CORPSEC EDGAR DEF 14A — CIK 90498 $2.9M $65K 45:1 2023
INDEPENDENT BANK CORPSEC EDGAR DEF 14A — CIK 776901 $2.9M $65K 44:1 2023
Beacon Financial CorpSEC EDGAR DEF 14A — CIK 1108134 $2.6M $60K 44:1 2023
WSFS FINANCIAL CORPSEC EDGAR DEF 14A — CIK 828944 $3.9M $88K 44:1 2023
PACWEST BANCORPSEC EDGAR DEF 14A — CIK 1102112 $4.3M $97K 44:1 2022
BANNER CORPSEC EDGAR DEF 14A — CIK 946673 42:1 2023
SEACOAST BANKING CORP OF FLORIDASEC EDGAR DEF 14A — CIK 730708 $3.1M $74K 42:1 2023
BANC OF CALIFORNIA, INC.SEC EDGAR DEF 14A — CIK 1169770 $3.9M $95K 41:1 2023
PATHWARD FINANCIAL, INC.SEC EDGAR DEF 14A — CIK 907471 $3.9M $94K 41:1 2023
ENTERPRISE FINANCIAL SERVICES CORPSEC EDGAR DEF 14A — CIK 1025835 $3.4M $86K 40:1 2023
Columbia Financial, Inc.SEC EDGAR DEF 14A — CIK 1723596 39:1 2023
Business First Bancshares, Inc.SEC EDGAR DEF 14A — CIK 1624322 $2.4M $61K 39:1 2023
LAKELAND FINANCIAL CORPSEC EDGAR DEF 14A — CIK 721994 $2.0M $54K 38:1 2023
Northwest Bancshares, Inc.SEC EDGAR DEF 14A — CIK 1471265 $1.9M $51K 38:1 2023
Independent Bank Group, Inc.SEC EDGAR DEF 14A — CIK 1564618 37:1 2023
TRICO BANCSHARES /SEC EDGAR DEF 14A — CIK 356171 $3.1M $85K 37:1 2023
HOPE BANCORP INCSEC EDGAR DEF 14A — CIK 1128361 $3.0M $84K 36:1 2023
CVB FINANCIAL CORPSEC EDGAR DEF 14A — CIK 354647 36:1 2023
OLD SECOND BANCORP INCSEC EDGAR DEF 14A — CIK 357173 $2.3M $65K 36:1 2023
BYLINE BANCORP, INC.SEC EDGAR DEF 14A — CIK 1702750 35:1 2023
FULTON FINANCIAL CORPSEC EDGAR DEF 14A — CIK 700564 $2.2M $64K 35:1 2023
MERCANTILE BANK CORPSEC EDGAR DEF 14A — CIK 1042729 $1.5M $63K 35:1 2023
HERITAGE COMMERCE CORPSEC EDGAR DEF 14A — CIK 1053352 33:1 2023
EAGLE BANCORP INCSEC EDGAR DEF 14A — CIK 1050441 $3.2M $96K 33:1 2023
PENNS WOODS BANCORP INCSEC EDGAR DEF 14A — CIK 716605 $1.6M $48K 33:1 2023
UMB FINANCIAL CORPSEC EDGAR DEF 14A — CIK 101382 $3.0M $90K 33:1 2023
Stellar Bancorp, Inc.SEC EDGAR DEF 14A — CIK 1473844 32:1 2023
HarborOne Bancorp, Inc.SEC EDGAR DEF 14A — CIK 1769617 $2.9M $94K 31:1 2023
Amalgamated Financial Corp.SEC EDGAR DEF 14A — CIK 1823608 $107K $107K 30:1 2023
FIRST MID BANCSHARES, INC.SEC EDGAR DEF 14A — CIK 700565 $1.2M $40K 30:1 2023
Merchants BancorpSEC EDGAR DEF 14A — CIK 1629019 $2.8M $94K 30:1 2023
PEAPACK GLADSTONE FINANCIAL CORPSEC EDGAR DEF 14A — CIK 1050743 $3.0M $99K 30:1 2023
FINANCIAL INSTITUTIONS INCSEC EDGAR DEF 14A — CIK 862831 $1.5M $50K 29:1 2023
HANMI FINANCIAL CORPSEC EDGAR DEF 14A — CIK 1109242 $2.1M $75K 28:1 2023
CHEMUNG FINANCIAL CORPSEC EDGAR DEF 14A — CIK 763563 $1.3M $46K 28:1 2023
GUARANTY BANCSHARES INC /TX/SEC EDGAR DEF 14A — CIK 1058867 $1.4M $50K 27:1 2023
Veritex Holdings, Inc.SEC EDGAR DEF 14A — CIK 1501570 27:1 2023
FLUSHING FINANCIAL CORPSEC EDGAR DEF 14A — CIK 923139 $2.0M $75K 27:1 2023
BANCFIRST CORP /OK/SEC EDGAR DEF 14A — CIK 760498 $913K $35K 26:1 2023
Stock Yards Bancorp, Inc.SEC EDGAR DEF 14A — CIK 835324 $1.6M $60K 26:1 2023
FIRST FINANCIAL CORP /IN/SEC EDGAR DEF 14A — CIK 714562 $1.7M $66K 26:1 2023
NICOLET BANKSHARES INCSEC EDGAR DEF 14A — CIK 1174850 $1.4M $54K 26:1 2023
CAMDEN NATIONAL CORPSEC EDGAR DEF 14A — CIK 750686 26:1 2023
QCR HOLDINGS INCSEC EDGAR DEF 14A — CIK 906465 $1.8M $69K 26:1 2023
SANDY SPRING BANCORP INCSEC EDGAR DEF 14A — CIK 824410 25:1 2023
TOMPKINS FINANCIAL CORPSEC EDGAR DEF 14A — CIK 1005817 $1.8M $70K 25:1 2023
FIRST FINANCIAL BANKSHARES INCSEC EDGAR DEF 14A — CIK 36029 $1.2M $50K 25:1 2023
Origin Bancorp, Inc.SEC EDGAR DEF 14A — CIK 1516912 $1.7M $71K 24:1 2023
Amerant Bancorp Inc.SEC EDGAR DEF 14A — CIK 1734342 $3.0M $129K 23:1 2023
C & F FINANCIAL CORPSEC EDGAR DEF 14A — CIK 913341 $1.3M $60K 22:1 2023
First Internet BancorpSEC EDGAR DEF 14A — CIK 1562463 $1.8M $80K 22:1 2023
Primis Financial Corp.SEC EDGAR DEF 14A — CIK 1325670 $1.2M $54K 22:1 2023
UNIVEST FINANCIAL CorpSEC EDGAR DEF 14A — CIK 102212 $1.6M $73K 22:1 2023
FS Bancorp, Inc.SEC EDGAR DEF 14A — CIK 1530249 22:1 2023
SMARTFINANCIAL INC.SEC EDGAR DEF 14A — CIK 1038773 19:1 2023
SUMMIT FINANCIAL GROUP, INC.SEC EDGAR DEF 14A — CIK 811808 $1.0M $54K 19:1 2022
AMERICAN NATIONAL BANKSHARES INC.SEC EDGAR DEF 14A — CIK 741516 $1.1M $58K 19:1 2022
COASTAL FINANCIAL CORPSEC EDGAR DEF 14A — CIK 1437958 $1.8M $99K 18:1 2023
Kearny Financial Corp.SEC EDGAR DEF 14A — CIK 1617242 $1.4M $84K 17:1 2023
FIRST BANCSHARES INC /MS/SEC EDGAR DEF 14A — CIK 947559 $2.4M $44K 17:1 2023
RBB BancorpSEC EDGAR DEF 14A — CIK 1499422 $1.1M $64K 17:1 2023
CapStar Financial Holdings, Inc.SEC EDGAR DEF 14A — CIK 1676479 $1.0M $59K 17:1 2022
CAMBRIDGE BANCORPSEC EDGAR DEF 14A — CIK 711772 $1.9M $114K 17:1 2022
HOME BANCORP, INC.SEC EDGAR DEF 14A — CIK 1436425 $935K $62K 15:1 2023
ENTERPRISE BANCORP INC /MA/SEC EDGAR DEF 14A — CIK 1018399 $1.3M $85K 15:1 2023
Carter Bankshares, Inc.SEC EDGAR DEF 14A — CIK 1829576 $774K $55K 14:1 2023
First Foundation Inc.SEC EDGAR DEF 14A — CIK 1413837 $1.0M $72K 14:1 2023
NORTHRIM BANCORP INCSEC EDGAR DEF 14A — CIK 1163370 $1.2M $83K 14:1 2023
Bank of Marin BancorpSEC EDGAR DEF 14A — CIK 1403475 $1.2M $104K 11:1 2023
REPUBLIC BANCORP INC /KY/SEC EDGAR DEF 14A — CIK 921557 $687K $62K 11:1 2023
SOUTHERN FIRST BANCSHARES INCSEC EDGAR DEF 14A — CIK 1090009 $830K $75K 11:1 2023
HomeTrust Bancshares, Inc.SEC EDGAR DEF 14A — CIK 1538263 $338K $38K 9:1 2023
FB Financial CorpSEC EDGAR DEF 14A — CIK 1649749 $580K $64K 9:1 2023
CENTRAL PACIFIC FINANCIAL CORPSEC EDGAR DEF 14A — CIK 701347 $654K $73K 9:1 2023
COMMUNITY TRUST BANCORP INC /KY/SEC EDGAR DEF 14A — CIK 350852 $380K $42K 9:1 2023
WINTRUST FINANCIAL CORPSEC EDGAR DEF 14A — CIK 1015328 $618K $77K 8:1 2023
OLD NATIONAL BANCORP /IN/SEC EDGAR DEF 14A — CIK 707179 $503K $63K 8:1 2023
1ST SOURCE CORPSEC EDGAR DEF 14A — CIK 34782 8:1 2023
OLD POINT FINANCIAL CORPSEC EDGAR DEF 14A — CIK 740971 $478K $60K 8:1 2021
QNB CORP.SEC EDGAR DEF 14A — CIK 750558 $692K $51K 7:1 2023
CAPITAL CITY BANK GROUP INCSEC EDGAR DEF 14A — CIK 726601 $406K $58K 7:1 2023
FIRST COMMUNITY BANKSHARES INC /VA/SEC EDGAR DEF 14A — CIK 859070 7:1 2023
HORIZON BANCORP INC /IN/SEC EDGAR DEF 14A — CIK 706129 $255K $42K 6:1 2023
Waterstone Financial, Inc.SEC EDGAR DEF 14A — CIK 1569994 $414K $69K 6:1 2023
Western New England Bancorp, Inc.SEC EDGAR DEF 14A — CIK 1157647 6:1 2023
HOME BANCSHARES INCSEC EDGAR DEF 14A — CIK 1331520 $232K $39K 6:1 2023
MidWestOne Financial Group, Inc.SEC EDGAR DEF 14A — CIK 1412665 6:1 2023
SALISBURY BANCORP, INC.SEC EDGAR DEF 14A — CIK 1060219 $337K $56K 6:1 2021
WASHINGTON TRUST BANCORP INCSEC EDGAR DEF 14A — CIK 737468 $368K $74K 5:1 2023
SouthState Bank CorpSEC EDGAR DEF 14A — CIK 764038 $5.2M $1.3M 4:1 2023
Capitol Federal Financial, Inc.SEC EDGAR DEF 14A — CIK 1490906 $160K $40K 4:1 2023
FIRST BUSEY CORP /NV/SEC EDGAR DEF 14A — CIK 314489 $196K $65K 3:1 2023
HEARTLAND FINANCIAL USA INCSEC EDGAR DEF 14A — CIK 920112 $226K $75K 3:1 2023
INTERNATIONAL BANCSHARES CORPSEC EDGAR DEF 14A — CIK 315709 $75K $25K 3:1 2023
WEST BANCORPORATION INCSEC EDGAR DEF 14A — CIK 1166928 $226K $75K 3:1 2023
MID PENN BANCORP INCSEC EDGAR DEF 14A — CIK 879635 $174K $58K 3:1 2023
MVB FINANCIAL CORPSEC EDGAR DEF 14A — CIK 1277902 $150K $75K 2:1 2023
MainStreet Bancshares, Inc.SEC EDGAR DEF 14A — CIK 1693577 $223K $111K 2:1 2023
RENASANT CORPSEC EDGAR DEF 14A — CIK 715072 1:1 2023
Triumph Financial, Inc.SEC EDGAR DEF 14A — CIK 1539638 1:1 2023
Live Oak Bancshares, Inc.SEC EDGAR DEF 14A — CIK 1462120 $127K $127K 1:1 2023
SOUTHERN MISSOURI BANCORP, INC.SEC EDGAR DEF 14A — CIK 916907 $654K $41K 1:1 2023
FIRST CITIZENS BANCSHARES INC /DE/SEC EDGAR DEF 14A — CIK 798941 $104K $104K 1:1 2023
ServisFirst Bancshares, Inc.SEC EDGAR DEF 14A — CIK 1430723 $89K $89K 1:1 2023
FARMERS & MERCHANTS BANCORPSEC EDGAR DEF 14A — CIK 1085913 1:1 2023
Customers Bancorp, Inc.SEC EDGAR DEF 14A — CIK 1488813 $104K $104K 1:1 2023
CITIZENS HOLDING CO /MS/SEC EDGAR DEF 14A — CIK 1075706 $706K $44K 1:1 2022
Data Source: This data is sourced from SEC EDGAR proxy statement (DEF 14A) filings. PlainCEOPay provides this publicly available information for informational purposes only. Not investment or financial advice. Verify with SEC EDGAR →

Frequently Asked Questions

What's the typical pay ratio in Depository Institutions?
The median CEO pay ratio in Depository Institutions is 33:1, meaning the typical CEO earns 33 times more than the median employee. The average across 148 companies is 48:1.
How much do Depository Institutions CEOs earn?
Median CEO compensation in Depository Institutions is $2.2M, with an average of $3.4M. The 25th percentile CEO earns around $972K and the 75th percentile around $4.2M.
How many companies report CEO pay in Depository Institutions?
148 companies in the Depository Institutions sector (SIC code 60) filed CEO-to-worker pay ratio disclosures with the SEC in FY2023, as required by the Dodd-Frank Wall Street Reform Act.
Where does this Depository Institutions pay data come from?
All executive compensation data is sourced from SEC EDGAR DEF 14A proxy statement filings. The Dodd-Frank Act requires publicly traded companies to disclose CEO-to-median-worker pay ratios annually. PlainCEOPay aggregates and benchmarks this data by 2-digit SIC industry code.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCEOPay Editorial