List of largest banks in the United States

Last updated

The following table lists the 100 largest bank holding companies in the United States ranked by total assets of December 31, 2023 per the Federal Financial Institutions Examination Council; their market capitalization is also shown.

Contents

As of October 19, 2023, there were 4,049 commercial banks and 565 savings and loan associations in the U.S. insured by the Federal Deposit Insurance Corporation (FDIC) with US$23.4 trillion in assets. [1]

The list excludes the following three banks listed amongst the 100 largest by the Federal Reserve but not the Federal Financial Institutions Examination Council because they are not holding companies: Zions Bancorporation ($87 billion in assets), Cadence Bank ($48 billion in assets) and Bank OZK ($30 billion in assets). [2]

  Foreign banks with branches in the US
  Defunct or acquired

RankBank nameHeadquarters locationTotal assets
(billions of US$) [3]
CET1
capital
requirement

(2022) [4] [5]
Market capitalization
(billions of US$ as of 12/31/2023) [6]
Ticker
1 JPMorgan Chase New York City $3,87412.0$491.76JPM
2 Bank of America Charlotte, North Carolina $3,18110.4$266.46BAC
3 Citigroup New York City $2,41211.5$98.45C
4 Wells Fargo San Francisco, California $1,9329.2$178.75WFC
5 Goldman Sachs New York City $1,64213.3$125.80GS
6 Morgan Stanley New York City $1,19413.3$153.05MS
7 U.S. Bancorp Minneapolis, Minnesota $6637.0$67.39USB
8 PNC Financial Services Pittsburgh, Pennsylvania $5627.4$61.68PNC
9 Truist Financial Charlotte, North Carolina $5357.0$49.24TFC
10 TD Bank, N.A. Cherry Hill, New Jersey $5237.0$100.30TD
11 Charles Schwab Corporation Westlake, Texas $4937.0$125.39SCHW
12 Capital One McLean, Virginia $4787.6$49.94COF
13 The Bank of New York Mellon New York City $4108.5$40.03BK
14 State Street Corporation Boston, Massachusetts $2978.0$23.90STT
15 BMO USA Chicago, Illinois $2937.9$68.12BMO
16 American Express New York City $2617.0$136.52AXP
17 Citizens Financial Group Providence, Rhode Island $2227.9$15.45CFG
18 HSBC Bank USA New York City $22010.9$155.81HSBC
19 Fifth Third Bank Cincinnati, Ohio $2157.0$23.49FITB
20 First Citizens BancShares Raleigh, North Carolina $214$20.47FCNCA
21 USAA San Antonio, Texas $212N/AN/A
22 M&T Bank Buffalo, New York $2089.2$22.75MTB
23 Ally Financial Detroit, Michigan $1967.0$10.53ALLY
24 UBS New York City $1959.3$100.04UBS
25 Huntington Bancshares Columbus, Ohio $1897.8$18.42HBAN
26 KeyCorp Cleveland, Ohio $1887.0$13.48KEY
27 Barclays New York City $1878.8$29.63BCS
28 Ameriprise Minneapolis, Minnesota $175$38.44AMP
29 RBC Bank Toronto, Ontario $1687.9$137.70RY
30 Santander Bank Boston, Massachusetts $1658.2$66.55SAN
31 Regions Financial Corporation Birmingham, Alabama $1537.0$18.02RF
32 Discover Financial Riverwoods, Illinois $1527.0$28.11DFS
33 Northern Trust Chicago, Illinois $1517.0$17.47NTRS
34 Synchrony Financial Stamford, Connecticut $117$15.80SYF
35 New York Community Bank Hicksville, New York $114$7.39NYCB
36 Deutsche Bank New York City $1149.0$27.49DB
37 Comerica Dallas, Texas $86$7.36CMA
38 First Horizon National Corporation Memphis, Tennessee $82$7.91FHN
39 Raymond James Financial St. Petersburg, Florida $80$23.40RJF
40 Mizuho Financial Group New York City $78$43.23MFG
41 Webster Bank Stamford, Connecticut $75$8.73WBS
42 CIBC Bank USA Chicago, Illinois $72$42.22CM
43 Western Alliance Bancorporation Phoenix, Arizona $71$7.20WAL
44 Popular, Inc. San Juan, Puerto Rico $69$5.92BPOP
45 East West Bank Pasadena, California $69$10.14EWBC
46 BNP Paribas New York City $619.6$79.48BNPQY
47 Valley Bank Wayne, New Jersey $61$5.51VLY
48 Synovus Columbus, Georgia $60$5.51SNV
49John Deere Reno, Nevada $59$4.34
50 Wintrust Financial Rosemont, Illinois $56$5.68WTFC
51 Columbia Bank Tacoma, Washington $52$4.05COLB
52 Cullen/Frost Bankers, Inc. San Antonio, Texas $51$6.95CFR
53 BOK Financial Corporation Tulsa, Oklahoma $50$5.62BOKF
54 Old National Bank Evansville, Indiana $49$4.94ONB
55 Pinnacle Financial Partners Nashville, Tennessee $48$6.70PNFP
56 FNB Corporation Pittsburgh, Pennsylvania $46$4.94FNB
57 South State Bank Winter Haven, Florida $45$6.42SSB
58 UMB Financial Corporation Kansas City, Missouri $44$4.05UMBF
59 Associated Banc-Corp Green Bay, Wisconsin $41$3.23ASB
60 Prosperity Bancshares Houston, Texas $39$6.35PB
61 Banc of California, Inc. [7] Los Angeles, California [8] $39$2.12BANC
62 Stifel St. Louis, Missouri $38$7.05SF
63 Midland Oklahoma City, Oklahoma $37$3.5N/A
64 EverBank Jacksonville, Florida $36$4.55N/A
65 BankUnited Miami Lakes, Florida $36$2.41BKU
66 Hancock Whitney Gulfport, Mississippi $36$4.19HWC
67 Sumitomo Mitsui Banking Corporation New York City $33N/AN/A
68 Commerce Bancshares Kansas City, Missouri $32$6.97CBSH
69 First National of Nebraska Omaha, Nebraska $31$3.13OTC Pink: FINN
70 First Interstate BancSystem Billings, Montana $31$3.2FIBK
71 SoFi San Francisco, California $30$9.54SOFI
72 United Bank (West Virginia) Charleston, West Virginia $30$5.07UBSI
73 Texas Capital Bank Dallas, Texas $28$3.10TCBI
74 Credit Suisse [lower-alpha 1] New York City $2813.5N/A
75 FirstBank Holding Co Lakewood, Colorado $28N/AN/A
76 Glacier Bancorp Kalispell, Montana $28$4.58GBCI
77 Arvest Bank Bentonville, Arkansas $28N/AN/A
78 Beal Bank Plano, Texas $28N/AN/A
79 Fulton Financial Corporation Lancaster, Pennsylvania $27$2.70FULT
80 Simmons Bank Pine Bluff, Arkansas $27$2.48SFNC
81 United Community Bank Greenville, South Carolina $27$3.48UCBI
82 BCI Financial Group Miami, Florida $26N/AN/A
83 Ameris Bancorp Atlanta, Georgia $25$3.66ABCB
84 First Hawaiian Bank Honolulu, Hawaii $25$2.92FHB
85 Bank of Hawaii Honolulu, Hawaii $24$2.88BOH
86 Cathay Bank Los Angeles, California $23$3.24CATY
87 Home BancShares Conway, Arkansas $23$5.11HOMB
88 WAFD Seattle, Washington $23$2.12WAFD
89 Axos Financial Las Vegas, Nevada $22$3.15AX
90 Customers Bancorp Wyomissing, Pennsylvania $21$1.81CUBI
91 Atlantic Union Bank Richmond, Virginia $21$2.74AUB
92 Eastern Bank Boston, Massachusetts $21$2.51EBC
93 WSFS Bank Wilmington, Delaware $21$2.79WSFS
94HTLF Bank Denver, Colorado $19$1.60HTLF
95Independent Bank Rockland, Massachusetts $19$2.89INDB
96 Hope Bancorp Los Angeles, California $20$1.45HOPE
97Pinnacle Bank Omaha, Nebraska $18$3.16N/A
98Central Bancompany, Inc. Jefferson City, Missouri $19$2.79N/A
99Independent Bank Group, Inc. McKinney, Texas $19$2.10IBTX
100 Pacific Premier Bancorp Irvine, California $20$2.79PPBI

See also

Notes

  1. Acquired by UBS in June 2023

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References

  1. "FDIC Quarterly". Federal Deposit Insurance Corporation.
  2. "Large Commercial Banks". Federal Reserve.
  3. "Holding Companies with Assets Greater Than $10 Billion". Federal Financial Institutions Examination Council. 30 September 2022.
  4. "Large Bank Capital Requirements" (PDF). August 2022.
  5. "Results". Board of Governors of the Federal Reserve System. Retrieved 2023-03-13.
  6. "Yahoo! Finance". Yahoo! Finance .
  7. "Banc of California's PacWest Acquisition Wins Fed Approval". Bloomberg.com. 2023-10-19. Retrieved 2024-05-03.
  8. "Now Headquartered in Los Angeles, Banc of California Donates $1 Million to Expand Financing Options for Small Businesses". Los Angeles Times. 2023-12-07. Retrieved 2024-05-03.