JPMorgan Chase CEO Jamie Dimon was the top earning bank executive in 2011, according to a new report released by Charlottesville, Va.-based SNL Financial.
Dimon topped SNL's list of highest-paid CEOs for all asset sizes, earning $23.1 million in salary, bonus, stock and option awards, pension and perks for 2011, up 11 percent from 2010, according to SNL data gathered from 2012 proxy forms. JPMorgan is the largest bank in the U.S. by total assets.
Wells Fargo & Co.'s John Stumpf came in second with $19.8 million; his $2.8 million base salary was larger than Dimon's $1.4 million, but Dimon's $17 million in stock and option awards dwarfed Stumpf's $12 million, said SNL. Richard Fairbank, CEO of Capital One Financial Corp., came in third with $18.7 million in pay, $18.5 million of which was stock and options award with no recorded base salary.
PNC Financial Services Group Inc.'s James Rohr received $6.8 million in incentive compensation in 2011, according to SNL. Of that, $2 million was awarded in cash and $4.8 million was an equity-based long term award. SNL's tally of his compensation includes perks and other compensation and a non-qualified pension, and at $16.6 million, Rohr had the second-highest compensation of CEOs between assets of $10 billion and $500 billion, according to SNL.
For banks $10 billion in assets and below, the list was topped by Roger Taylor, CEO of $6.59 billion Capital Bank Financial Corp, whose compensation was $13.8 million in 2011. His pay tops the $3.4 million paid to Gerard Host, CEO of $9.73 billion Jackson, Miss.-based Trustmark Corp. Capital Bank is in the process of an initial stock offering, and $12.5 million of Taylor's pay was in stock and option awards.