ABA Banking Journal 5/08 - (Page 35) Top 25 by 2007 ROE 2008 2007 Rank Rank Institution Public banks & thrifts with total assets of $3 billion or more; data as of 12/31/07. Rankings of all 157 institutions in this category appear on www.ababj.com Total assets (000) 2007 Noninterest income/ core ROAE total rev Nonperfor. loans/ total lns 2007 ROAE 2007 ROAA P/E ratio Capital ratio Efficiency ratio 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 5 3 6 7 17 43 24 50 13 42 12 62 27 29 TCF Financial Corp., Wayzata, MN (bank) Bank of Hawaii Corp., Honolulu (bank) Westamerica Bancorp., San Rafael, CA (bank) U.S. Bancorp, Minneapolis (bank) Frontier Financial Corp., Everett, WA (bank) SVB Financial Group, Santa Clara, CA (bank) Northern Trust Corp., Chicago (bank) Marshall & Ilsley Corp., Milwaukee (bank) Wells Fargo & Co., San Francisco (bank) S&T Bancorp, Indiana, PA (bank) TrustCo Bank Corp NY, Glenville, NY (thrift) Wilmington Trust Corp., Wilmington, DE (bank) Valley National Bancorp, Wayne, NJ (bank) W.T.B. Financial Corp., Spokane, WA* (bank) $15,977,054 10,472,942 4,558,959 237,615,000 3,995,689 6,692,456 67,611,200 59,848,596 575,442,000 3,421,169 3,377,551 11,485,709 12,748,959 3,719,753 3,070,309 7,374,346 13,485,014 6,293,963 11,852,212 3,743,006 132,618,000 3,201,496 10,400,666 16,204,831 15,889,290 25.82% 25.15 22.11 20.59 18.76 18.47 17.46 17.23 17.12 16.97 16.93 16.68 16.43 16.04 15.87 15.34 15.20 15.00 14.89 14.66 14.25 14.14 14.05 14.00 13.92 1.76% 1.75 1.93 1.93 2.13 2.05 1.20 1.98 1.55 1.68 1.20 1.66 1.25 1.44 1.72 1.35 1.63 1.00 1.45 1.49 1.37 0.97 1.19 1.33 1.45 23.08% 25.25 22.32 21.57 18.91 13.93 19.76 7.28 16.23 15.98 16.87 16.87 16.41 NA 15.84 13.30 15.20 15.00 14.32 12.75 14.38 13.94 14.14 14.56 14.01 44.91% 37.12 26.16 51.63 7.11 29.00 76.23 29.30 44.36 22.64 15.36 51.12 17.69 18.17 30.20 29.72 34.01 16.28 8.83 27.19 41.73 35.42 36.63 40.48 33.42 8.96x 15.40 15.05 14.97 11.61 13.12 34.81 3.62 18.41 12.80 22.55 13.54 20.72 NA 15.69 19.36 13.62 16.16 10.27 14.28 10.22 11.31 12.83 18.69 15.51 10.70% 11.96 10.64 12.19 11.38 16.02 11.90 14.07 10.68 11.64 14.79 11.21 11.35 10.79 15.62 12.33 12.59 11.90 10.53 13.40 14.23 12.27 12.36 11.49 11.27 62.21% 52.20 39.16 44.22 37.99 58.88 63.30 54.46 58.08 46.04 45.80 57.56 51.36 54.98 52.00 51.57 56.50 50.61 39.66 63.39 51.75 62.74 60.69 59.78 55.89 0.48% 0.08 0.19 0.35 0.58 0.18 0.09 1.97 0.65 0.60 0.66 0.84 0.46 0.16 0.21 1.33 0.31 0.04 0.75 0.51 0.55 0.71 0.45 0.18 0.65 N/A First Financial Bankshares, Abilene, TX (bank) 35 20 11 38 44 67 Pacific Capital Bancorp, Santa Barbara, CA (bank) Cullen/Frost Bankers, San Antonio (bank) CVB Financial Corp., Ontario, CA (bank) East West Bancorp, Pasadena, CA (bank) BancFirst Corp., Oklahoma City (bank) BB&T Corp., Winston-Salem (bank) N/A WSFS Financial Corp., Wilmington, DE (thrift) 108 FirstMerit Corporation, Akron, OH 36 34 Commerce Bancshares, Inc., Kansas City, MO City National Corporation, Beverly Hills, CA Source: SNL Financial LC *Data from the bank’s 10-K was not available. The data shown are from the bank’s yearend Y-9. sive for exhibiting strength despite the prevailing adverse conditions. The aggregate industry statistics tell an already familiar story, but this year’s top performers managed strong performance in a year where most banks were happy to just squeak by. In this, Part One of the 16th annual ABA Banking Journal performance report, we will review the financial results and strategies of the nation’s largest banks and thrifts. Part Two, which will appear in June, will highlight the top performing community banks and thrifts of 2007. Selection criteria Our study ranks the performance of domestic depository institutions with assets over $3 billion as of Dec. 31, 2007. Two groups were included in our analysis: publicly held depository instituwww.ababj.com/subscribe.htm tions (banks, thrifts, and bank or financial holding companies) and private or foreign-owned depositories (defined in greater detail below). A total of 157 public banks, thrifts, and holding companies and 43 private institutions qualified under our selection criteria. They were ranked by return on average total equity (“ROAE”) for 2007. In instances where the reported ROAE was identical for two or more institutions, 2007 return on average total assets (ROAA) was used as a secondary ranking criterion. Data were provided by SNL Financial LC as of December 2007. Securities and Exchange Commission filings were the source for public company data, and regulatory filings were the data source for private and foreign-owned institutions. (Five banks met our selection criteria but were not included in our analysis because data were not available at the time this article ABA BANKING JOURNAL/MAY 2008 35 http://www.ababj.com http://www.snl.com http://www.ababj.com/subscribe.html
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