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 (2013) Bank Total Deposits 2013
(In Billions)
Market Share 2013 Total Deposits 2010
(In Billions)
Market Share 2010
1 Bank of America $1019.00 10.90% $916.11 12%
2 Wells Fargo Bank $924.10 9.90% $750.45 10%
3 JPMorgan Chase Bank* $916.50 9.80% $707.87 10%
4 Citibank $446.20 4.80% $310.47 4%
5 U.S. Bank $235.30 2.50% $169.2 2%
6 PNC Bank $209.70 2.20% $177.35 2%
7 Capital One $188.00 2.00% $116.5 2%
8 TD Bank $178.30 1.90% N/A N/A
9 Branch Banking and Trust Company $137.10 1.50% $104.58 1%
10 SunTrust Bank $129.80 1.40% $118.81 2%
11 The Bank of New York Mellon $119.00 1.30% $76.27 1%
12 FIA Card Services $110.30 1.20% N/A N/A
13 Fifth Third Bank $94.30 1.00% $78.84 1%
14 Regions Bank $93.50 1.00% $95.79 1%
15 Charles Schwab Bank $84.30 0.90% N/A N/A
TOTAL DOMESTIC DEPOSITS: $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 and 2013)
  • 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 2013 (%) Total Assets 2013
(In Billions)
Total Assets 2011
(In Billions)
1 JPMorgan Chase 17.62% $2463.31 $2117.60
2 Bank of America 15.21% $2126.65 $2264.90
3 Citigroup 13.56% $1895.60 $1913.90
4 Wells Fargo 10.64% $1488.06 $1258.10
5 Bank of New York Mellon 2.66% $371.95 $247.30
6 U.S. Bancorp 2.58% $360.68 $307.80
7 HSBC 2.21% $309.31 $343.70
8 PNC 2.21% $308.60 $264.30
9 Capital One 2.07% $289.89 $197.50
10 TD Bank 1.66% $231.67 $177.00
11 State Street 1.55% $217.18 $160.50
12 BB&T 1.29% $181.05 $157.10
13 SunTrust Banks 1.23% $171.78 $172.90
14 Ally Financial 1.08% $150.56 N/A
15 American Express 1.07% $150.10 N/A
16 Charles Schwab 1.00% $140.21 $54.90
17 Fifth Third Bancorp 0.90% $125.67 $111.00
18 M&T Bank 0.88% $123.61 $79.00
19 United Services Automobile Association 0.87% $121.76 N/A
20 RBS Citizens 0.86% $120.74 $130.00
21 Regions 0.84% $116.86 $132.40
22 BMO 0.81% $113.05 N/A
23 UnionBanCal 0.75% $105.48 $79.10
24 Northern Trust 0.69% $95.97 $83.80
25 KeyCorp (KEY) 0.65% $90.71 $91.80
26 BancWest 0.58% $81.73 $72.80
27 Santander 0.55% $77.07 $89.70
28 Discover 0.54% $75.54 $63.90
29 BBVA 0.50% $70.09 $63.30
30 Deutsche Bank Trust 0.47% $66.07 N/A
31 Comerica 0.46% $64.67 $58.90
32 Huntington Bancshares 0.41% $56.65 $53.80
33 Zions Bancorp. 0.39% $55.19 $51.00
34 CIT Group 0.33% $46.22 N/A
35 New York Community Bank 0.33% $45.76 $41.20
36 E*TRADE Financial 0.33% $45.55 $44.30
37 First Republic Bank 0.29% $40.95 $22.40
38 First Niagara 0.27% $37.34 $30.10
39 Popular 0.26% $36.05 $38.70
40 People’s United 0.23% $31.51 $27.90
41 City National 0.21% $29.06 $21.40
42 BOK Financial 0.19% $27.17 $23.90
43 Synovus 0.19% $26.22 $30.10
44 East West Bancorp 0.19% $26.13 $20.70
45 Cullen/Frost Bankers 0.18% $25.06 N/A
46 Scottrade 0.18% $24.75 N/A
47 IMB 0.17% $24.27 N/A
48 First Horizon National 0.17% $24.19 $24.7
49 FirstMerit 0.17% $24.13 N/A
50 SVB 0.17% $23.74 N/A
(Source: SNL Financial, March 2011 and November 2013 and FED November 2013)
  • The top 10 institutions make up a full 70% of the total bank and thrift assets in the US.
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