Seven U.S. bank CEOs received more than $10 million in total compensation last year.
Jamie Dimon of JPMorgan Chase & Co. remained the highest-paid CEO in the U.S. banking industry last year with $28.3 million in total compensation, a 3.9% increase over 2016. Bank of America Corp.'s Brian Moynihan took the second spot with $21.3 million in total compensation, a 37.8% increase year over year.
William Demchak of PNC Financial Services Group Inc. made $13.2 million in 2017, the fifth-largest compensation package in the industry and the largest for any bank between $50 billion and $500 billion in assets.
First Horizon National Corp.'s D. Bryan Jordan led banks between $10 billion and $50 billion with $9.9 million in compensation. Jordan's $6.5 million in cash compensation was one of the highest in the industry owing to a one-time bonus of $5.5 million for the company's performance since the financial crisis.
Total compensation for J. Tyler Haahr, Meta Financial Group Inc.'s CEO, skyrocketed to $11.8 million in 2017, a sixfold increase year over year, thanks to a large jump in stock grants. Haahr was the sixth-highest compensated bank CEO in the country and led banks between $1 billion and $10 billion in assets.
Dana Gavenda of FSB Bancorp Inc. made $1.4 million in 2017 and was the highest-paid CEO among banks and thrifts with fewer than $1 billion in assets. Gavenda retired as CEO on Jan. 1 and was replaced by Kevin Maroney.
Did you enjoy this analysis? Click here to set alerts for future Data Dispatches. Basic compensation information is available on a company's briefing book page on Market Intelligence. For a detailed look at CEO pay ratios at U.S banks, click here. For an in-depth look at CEO compensation at the "Big Four" U.S. banks in 2017, click here. |