Bank Market Share by Deposits and Assets

CH-Statistic-Bank-Market-Share-by-Deposits-AssetsBanking industry market share is important to consumers and investors alike.  On the one hand, understanding which banks and credit unions do the most business will help guide your search for the right credit card, prepaid card, checking account, etc.  Not only can the biggest banks typically afford to offer the best deals, but they’re popular for a reason and you can use the comparison shopping that other consumers have already done to make your search more efficient.  On the other hand, banks with a heavy deposit base typically dominate the lending space, while those with significant assets may garner higher valuations.

The 15 Largest U.S. Banks Based on Total Domestic Deposits

Rank (2014) Bank 2014 Total Deposits in billions (% Market Share) 2013 Total Deposits in billions (% Market Share) 2010 Total Deposits in billions (% Market share)
1 Bank of America $1046.21
(10.39%)
$1019.00
(10.90%)
$916.11
(12%)
2 Wells Fargo Bank $1033.62
(10.26%)
$924.10
(9.90%)
$750.45
(10%)
3 JPMorgan Chase Bank* $1032.55
(10.25%)
$916.50
(9.80%)
$707.87
(10%)
4 Citibank $465.63
(4.62%)
$446.20
(4.80%)
$310.47
(4%)
5 U.S. Bank $263.66
(2.62%)
$235.30
(2.50%)
$169.2
(2%)
6 PNC Bank $221.11
(2.20%)
$209.70
(2.20%)
$177.35
(2%)
7 Capital One $191.20
(1.90%)
$188.00
(2.00%)
$116.5
(2%)
8 TD Bank $185.61
(1.84%)
$178.30
(1.90%)
N/A
( N/A)
9 The Bank of New York Mellon $144.05
(1.43%)
$119.00
(1.30%)
$76.27
(1%)
10 Branch Banking and Trust Company $137.82
(1.37%)
$137.10
(1.50%)
$104.58
(1%)
11 SunTrust Bank $136.87
(1.36%)
$129.80
(1.40%)
$118.81
(2%)
12 HSBC Bank USA $111.13
(1.10%)
N/A
(N/A)
N/A
(N/A)
13 FIA Card Services $110.62
(1.10%)
$110.30
(1.20%)
N/A
( N/A)
14 State Street Bank $104.72
(1.04%)
N/A
(N/A)
N/A
(N/A)
15 Fifth Third Bank $97.69
(0.97%)
$94.30
(1.00%)
$78.84
(1%)
TOTAL DOMESTIC DEPOSITS: $10072.09 $9,332.0 $7,661.0
* Note: In 2010 the values are obtained by adding Chase and Morgan Stanley’s values.
The above table only includes banks chartered in the U.S.
(Source: FDIC, June 30, 2010, 2013 and 2014)
  • The top 15 banks make up over one half (52%) of the deposits for all banks in the US.

Top 50 Largest Banks and Thrifts in the US Based on Total Assets

Rank (2013) Bank Market share 2014 (%) Total Assets 2014
(In Billions)
Total Assets 2013
(In Billions)
Total Assets 2011
(In Billions)
1 JPMorgan Chase 16.52% $2527.01 $2463.31 $2117.60
2 Bank of America 13.88% $2123.61 $2126.65 $2264.90
3 Citigroup 12.31% $1882.85 $1895.60 $1913.90
4 Wells Fargo 10.70% $1636.86 $1488.06 $1258.10
5 U.S. Bancorp 2.56% $391.28 $360.68 $307.80
6 Bank of New York Mellon 2.52% $386.30 $371.95 $247.30
7 PNC 2.19% $334.42 $308.60 $264.30
8 Capital One 1.96% $300.20 $289.89 $197.50
9 HSBC 1.83% $280.27 $309.31 $343.70
10 State Street 1.80% $274.81 $217.18 $160.50
11 TD Bank 1.58% $242.23 $231.67 $177.00
12 BB&T 1.36% $207.43 $181.05 $157.10
13 SunTrust Banks 1.22% $186.82 $171.78 $172.90
14 American Express 1.01% $153.86 $150.10 N/A
15 Ally Financial 0.98% $149.20 $150.56 N/A
16 Charles Schwab 0.96% $147.44 $140.21 $54.90
17 M&T Bank 0.88% $134.39 $123.61 $79.00
18 Fifth Third Bancorp 0.88% $134.19 $125.67 $111.00
19 RBS Citizens 0.86% $131.34 $120.74 $130.00
20 United Services Automobile Association 0.84% $129.19 $121.76 N/A
21 BMO 0.78% $119.79 $113.05 N/A
22 Regions 0.78% $119.23 $116.86 $132.40
23 Santander 0.74% $113.54 $77.07 $89.70
24 Northern Trust 0.73% $111.15 $95.97 $83.80
25 MUFG Americas Holdings corp 0.72% $110.88 $105.48 $79.10
26 KeyCorp (KEY) 0.59% $89.78 $90.71 $91.80
27 BancWest 0.57% $86.89 $81.73 $72.80
28 Discover 0.53% $80.60 $75.54 $63.90
29 BBVA 0.52% $79.19 $70.09 $63.30
30 Comerica 0.45% $68.89 $64.67 $58.90
31 CIT Group 0.45% $68.49 $46.22 N/A
32 Huntington Bancshares 0.42% $64.33 $56.65 $53.80
33 Deutsche Bank Trust 0.40% $60.64 $66.07 N/A
34 Zions Bancorp. 0.36% $55.46 $55.19 $51.00
35 New York Community Bank 0.32% $48.68 $45.76 $41.20
36 First Republic Bank 0.31% $46.68 $40.95 $22.40
37 E*TRADE Financial 0.30% $45.82 $45.55 $44.30
38 First Niagara 0.25% $37.97 $37.34 $30.10
39 Utrecht-America Holdings 0.24% $37.23 N/A N/A
40 SVB 0.24% $36.04 $23.74 N/A
41 People’s United 0.23% $34.77 $31.51 $27.90
42 Popular 0.22% $34.10 $36.05 $38.70
43 City National 0.21% $32.02 $29.06 $21.40
44 BOK Financial 0.19% $29.11 $27.17 $23.90
45 East West Bancorp 0.19% $28.48 $26.13 $20.70
46 Cullen/Frost Bankers 0.18% $27.37 $25.06 N/A
47 Synovus 0.17% $26.52 $26.22 $30.10
48 Signature Bank 0.17% $25.95 N/A N/A
49 Associated Banc – Corp 0.17% $25.65 N/A N/A
50 Scottrade 0.17% $25.26 $24.75 N/A
(Source: SNL Financial, March 2011, November 2013 and 2014, FED November 2013)
  • The top 10 institutions make up over 66% of the total bank and thrift assets in the US.
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