His compensation might have been cut to just short of $35 million, but JPMorgan Chase & Co.'s Jamie Dimon was still the highest-paid US bank CEO last year.

The executive received $34.8 million in total adjusted compensation for 2022, down 58.7% from 2021, according to S&P Global Market Intelligence data. The pay consisted of $6.8 million in cash compensation and $28.0 million in stock grants.

JPMorgan's board awarded Dimon 1.5 million options in stock appreciation rights in 2021, but there was no special award granted in 2022. The board has also committed not to grant any special awards to him in the future, according to a Jan. 19 regulatory filing.

Dimon has been the best-paid US bank CEO since 2020.

Climbing to second spot

Bank of America Corp.'s Brian Moynihan jumped to the second spot, from fifth a year earlier, following a 27.8% year-over-year increase in compensation. Moynihan's total adjusted pay was $29.6 million in 2022.

Wells Fargo & Co. CEO Charles Scharf received a 15.4% pay increase in 2022, taking his total adjusted compensation to $24.6 million, including $5.4 million in nonequity incentive plan compensation.

The total adjusted pay of Citigroup Inc.'s Jane Fraser went up 7.4% from the prior year to $22.1 million, making her the fourth-highest-paid CEO in 2022. PNC Financial Services Group Inc.'s William Demchak followed to round out the top five, with an increase of 13.4% pushing his total adjusted compensation to $19.5 million.

At $50B-$500B banks

Citizens Financial Group Inc.'s Bruce Van Saun topped the ranking of highest-paid CEOs at banks with between $50 billion and $500 billion in assets. The executive's adjusted compensation totaled $11.7 million in 2022, representing a 5.8% year-over-year decrease.

- Read the S&P Global Market Intelligence Executive Compensation Review for US banks and thrifts as per GICS classification. - Download a template for US bank and thrift executive compensation peer analysis.

Then-CEO of SVB Financial Group, Gregory Becker, was paid $9.9 million in 2022, down 0.1% from the previous year. SVB's subsidiary, Silicon Valley Bank, failed on March 10 this year, and Becker resigned as CEO on April 19.

Joseph DePaolo, the CEO of failed Signature Bank, received $8.7 million in total adjusted compensation, a decline of 3.5% from 2021.

At $10B-$50B banks

Las Vegas-based Axos Financial Inc.'s Gregory Garrabrants was the highest-paid among CEOs of banks with between $10 billion and $50 billion in assets. His total adjusted compensation was $13.7 million in the company's fiscal 2022, an increase of 164.9% year over year.

At $1B-$10B banks

Ruston, La.-based Origin Bancorp Inc.'s Drake Mills was the highest-paid CEO at banks with $1 billion to $10 billion in assets. Mills' 2022 total adjusted compensation was $10.1 million, up a significant 415.8% from 2021.

Jared Wolff of Santa Ana, Calif.-based Banc of California Inc. received a 112.5% year-over-year total adjusted compensation increase to $5.7 million. The company is in a pending deal to merge with PacWest Bancorp, with Wolff set to retain the roles of president and CEO at the combined company.

Small banks

At banks with under $1 billion in assets, Bristol, Pa.-based William Penn Bancorp.'s CEO Kenneth Stephon received the highest total adjusted compensation, at $3.3 million. This was a pay rise of 416.1% year over year.