Bank Market Share by Deposits and Assets

Posted by: Bianca Peter

bank-market-share-by-depositsassetsBanking 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 top 15 banks make up over one half (52%) of the deposits for all banks in the U.S.

Top 15 Largest U.S. Banks based on Total Domestic Deposits

Rank (2018)Bank2018 Total Deposits in Billions (% Market Share)2017 Total Deposits in Billions (% Market Share)2016 Total Deposits in Billions (% Market Share)2015 Total Deposits in Billions (% Market Share)2014 Total Deposits in Billions (% Market Share)2013 Total Deposits in Billions (% Market Share)
1Bank of America$1,312.70(10.67%)$1,270.15(10.71%)$1,204.49(10.73%)$1,169.57(11.02%)$1,046.21(10.39%)$1,019.08(10.92%)

2

JPMorgan Chase Bank*$1,274.09(10.35%)$1,270.12(10.71%)$1,155.19(10.29%)$1,069.43(10.07%)$1,032.55(10.25%)$916.54(9.82%)

3

Wells Fargo Bank$1,270.00(10.32%)$1,237.79(10.44%)$1,145.30(10.20%)$1,086.29(10.23%)$1,033.62(10.26%)$924.16(9.90%)

4

Citibank$509.97(4.14%)$504.43(4.25%)$493.07(4.39%)$467.63(4.41%)$465.63(4.62%)$446.22(4.78%)

5

U.S. Bank$320.95(2.61%)$329.47(2.78%)$298.34(2.66%)$279.55(2.63%)$263.66(2.62%)$235.34(2.52%)

6

PNC Bank$262.18(2.13%)$257.68(2.17%)$248.45(2.21%)$237.99(2.24%)$221.11(2.20%)$209.78(2.25%)

7

TD Bank$247.99(2.01%)$226.76(1.91%)$214.51(1.91%)$194.29(1.83%)$185.61(1.84%)$178.32(1.91%)

8

Capital One$233.07(1.89%)$220.75(1.86%)$207.79(1.85%)$195.64(1.84%)$191.20(1.90%)$188.04(2.02%)

9

Charles Schwab Bank$190.94(1.55%)$162.37(1.37%)$137.35(1.22%)$113.08(1.07%)$95.73(0.95%)$84.39(0.90%)

10

BB&T$166.71(1.35%)$163.09(1.38%)$167.00(1.49%)$141.96(1.34%)$137.82(1.37%)$137.19(1.47%)

11

SunTrust Bank$165.21(1.34%)$162.67(1.37%)$155.35(1.38%)$147.88(1.39%)$136.87(1.36%)$129.86(1.39%)

12

Goldman Sachs Bank USA$127.69(1.04%)$105.89(0.89%)$113.71(1.01%)$77.84(0.73%)$64.63(0.64%)$65.38(0.70%)

13

HSBC Bank USA$123.78(1.01%)$128.15(1.08%)$136.08(1.21%)$126.66(1.19%)$111.13(1.10%)$101.46(1.09%)

14

The Bank of New York Mellon$122.32(0.99%)$126.19(1.06%)$138.08(1.23%)$155.53(1.47%)$144.05(1.43%)$119.07(1.28%)

15

Morgan Stanley Bank$117.77(0.96%)$100.03(0.84%)$117.07(1.04%)$110.65(1.04%)$96.36(0.96%)$66.07(0.71%)
TOTAL DOMESTIC DEPOSITS:$12,308$11,860$11,230$10,615$10,072
(Source: FDIC, June, 2010 - 2019)
  • The top 5 institutions make up nearly half (47%) of the total bank assets in the U.S.

Top 50 Largest Banks and Thrifts in the U.S. based on Total Assets

Rank (2019)BankMarket share Q1 2019 (%)Total Assets Q1 2019 (In Billions)Total Assets 2018 (In Billions)Total Assets 2017 (In Billions)Total Assets 2016 (In Billions)Total Assets 2015 (In Billions)Total Assets 2014 (In Billions)
1JPMorgan Chase Bank14.04%$2,292$2,219$2,141$2,083$1,915$2,075
2Bank of America10.87%$1,775$1,783$1,752$1,677$1,639$1,574
3Wells Fargo Bank10.22%$1,668$1,689$1,747$1,727$1,611$1,533
4Citibank8.76%$1,430$1,407$1,385$1,350$1,300$1,357
5U.S. Bank2.86%$467$459$456$441$417$399
6PNC Bank2.33%$381$371$370$356$348$335
7Capital One1.88%$307$305$291$286$273$255
8TD Bank1.85%$301$303$288$269$246N/A
9Bank of New York Mellon1.66%$271$286$297$258$319$304
10State Street Bank and Trust1.38%$225$242$235$239$241$270
11BB&T1.35%$220$219$216$214$205$182
12SunTrust Bank1.31%$214$210$202$201$187$186
13Goldman Sachs Bank1.20%$196$192$165$159$135$118
14HSBC Bank USA1.09%$177$170$180$197N/AN/A
15Ally Bank0.99%$162$159$137$124$111$104
16Citizens Bank0.99%$161$129$122$117$108$103
17Fifth Third Bank0.90%$147$144$140$140$139$136
18Morgan Stanley Bank0.86%$141$150$130$129$136$126
19KeyBank0.86%$140$138$136$134$93$92
20MUFG Union Bank0.82%$133$131$119$116$115$113
21Regions Bank0.78%$128$125$123$125$125$119
22American Express Bank0.75%$123$117N/AN/AN/AN/A
23BMO Harris Bank0.75%$123$123$109$106$104$97
24The Northern Trust Company0.74%$121$132$138$124$116$110
25M&T Bank0.73%$120$120$118$123$122$96
26Capital One0.72%$117$120$120$113$102$91
27Discover Bank0.67%$109$108$99$91$86$82
28Huntington Bank0.66%$108$109$104$100$71$66
29First Republic Bank0.62%$102$99$88$73$59$48
30Compass Bank0.57%$93$90$87$84$85$80
31Bank of the West0.54%$88$87$90$84N/AN/A
32Santander Bank0.48%$79$77$74$83$90$80
33Comerica Bank0.43%$71$71$72$73$72$69
34Zions Bank0.42%$69$69N/AN/AN/AN/A
35Silicon Valley Bank0.36%$59$56$50$44$44$38
36City National Bank0.32%$52$51N/AN/AN/AN/A
37Signature Bank0.30%$49$47$43$39$33$27
38People’s United Bank0.29%$48$48$44$40$38N/A
39Synovus Financial0.29%$47$33$31$30$29$27
40CIT Bank0.27%$44$42$41$42$44N/A
41East West Bank0.26%$42$41$37$35$32$29
42Deutsche Bank0.26%$42$39$43$54N/AN/A
43First Horizon0.25%$41$41$41$28$26$25
44BOK Financial0.24%$40$34$32$32$31$29
45First-Citizens Bank0.22%$36$35$34$33$31N/A
46Barclays0.21%$35$33$34$33N/AN/A
47Associated Bank0.21%$34$34$30$29$28$27
48FNB Bank0.21%$34$33$31N/AN/AN/A
49Bank United0.20%$33N/AN/A$28N/AN/A
50Valley National0.20%$32N/AN/AN/AN/AN/A
TOTAL DOMESTIC ASSETS:$16,32616,138$15,568$14,985$14,218$13,768
(Source: Federal Reserve 2011-2019)

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