Market share in the banking industry is important to consumers and investors alike. However, understanding which banks and credit unions do the most business can help you find the right credit card, prepaid card, checking account, and more. Not only can the biggest banks usually afford to offer the best deals, there’s a reason they’re popular, and they can help you make your search more efficient by taking advantage of the comparison shopping that other consumers are already doing. You can On the other hand, banks with large deposit bases typically dominate the lending sector, and banks with large assets may enjoy higher valuations.
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US Bank Market Share by Domestic Deposits US Bank Market Share by Assets
US Bank Market Share by Domestic Deposits
The top 15 banks account for nearly three-quarters (75.97%) of all U.S. bank deposits.
Top 15 largest US banks based on total domestic deposits
Ranking (2024) Banks 2024 Total Deposits in Billions (% Market Share) 2023 Total Deposits in Billions (% Market Share) 2022 Total Deposits in Billions (% Market Share) 2021 Total Deposits in Billions (% Market Share) Share) 2020 Total Deposits in Billions (% Market Share) 2019 Total Deposits in Billions (% Market Share) 2018 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%) 1Jpmorgan Chase Bank$2,008.75
(15.73%)$2,068.04
(16.19%)$2,128.46
(16.09%)$2,011.34
(16.15%)$1,706.28
(15.24%)$1,311.22
(15.64%)$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%)
2
Bank of America $1,913.49
(14.98%)$1,887.78
(14.78%)$1,964.04
(14.85%)$1,871.21
(15.03%)$1,729.10
(15.44%)$1,353.69
(16.15%)$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%)$1019.08%
(10.92%)
3
Wells Fargo Bank $1,416.23
(11.09%)$1,376.50
(10.78%)$1,442.03
(10.90%)$1,465.95
(11.77%)$1,464.91
(13.08%)$1,291.14
(15.40%)$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 $743.36
(5.82%)$757.14
(5.93%)$763.31
(5.77%)$703.95
(5.65%)$664.06
(5.93%)$550.78
(6.57%)$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
National Association of American Banks $527.19
(4.13%)$526.74
(4.12%)$455.31
(3.44%)$422.77
(3.40%)$398.45
(3.56%)$342.65
(4.09%)$320.95
(2.61%)$329.47
(2.78%)$298.34
(2.66%)$279.55
(2.63%)$263.66
(2.62%)$235.33%
(2.52%)
6
PNC Bank $422.76
(3.31%)$434.51
(3.40%)$446.68
(3.38%)$368.58
(2.96%)$338.09
(3.02%)$269.41
(3.21%)$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
Trust Bank $397.41
(3.11%)$418.24
(3.27%)$435.44
(3.29%)$412.69
(3.31%)$391.22
(3.49%)N/A
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable)
8
Capital One $372.46
(2.92%)$367.82
(2.88%)$313.96
(2.37%)$306.94
(2.47%)$304.25
(2.72%)$249.36
(2.97%)$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
Morgan Stanley Bank $360.76
(2.82%)$355.58
(2.78%)$169.57
(1.28%)$152.21
(1.22%)$147.73
(1.32%)$112.58
(1.34%)$117.77
(0.96%)$100.03
(0.84%)$117.07
(1.04%)$110.65
(1.04%)$96.36
(0.96%)$66.06%
(0.71%)
10
Goldman Sachs Bank US$356.89
(2.79%)$352.20
(2.76%)$343.13
(2.59%)$282.18
(2.27%)$220.73
(1.97%)$139.98
(1.67%)$127.69
(1.04%)$105.89
(0.89%)$113.71
(1.01%)$77.84
(0.73%)$64.63
(0.64%)$65.38%
(0.70%)
11
Toronto Dominion Bank $317.38
(2.48%)$335.25
(2.62%) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable)
12
Charles Schwab Bank $252.85
(1.98%)$304.79
(2.39%)$389.49
(2.94%)$327.41
(2.63%)$267.73
(2.39%)N/A
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable)
13
Bank of New York Melon$227.85
(1.78%)$221.43
(1.73%)$213.70
(1.62%)$214.19
(1.72%)$191.27
(1.71%)$140.98
(1.68%)$122.32
(0.99%)$126.19
(1.06%)$138.08
(1.23%)$155.53
(1.47%)$144.05
(1.43%)$119.06%
(1.28%)
14
Bank of Montreal $206.80
(1.62%)$202.24
(1.58%) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable) Not applicable
(Not applicable)
15
Citizen Bank $180.07
(1.41%)$180.71
(1.41%)$181.57
(1.37%)$153.41
(1.23%)$145.79
(1.30%)$125.25
(1.49%)$90.30
(0.73%)$87.91
(0.74%)$77.71
(0.69%)$73.34
(0.69%)$68.76
(0.68%) Not applicable
(N/A) Information Domestic deposit total: $12,773$12,773$13,228$12,451$11,198$8,384$12,308$11,860$11,230$10,615$10,072$9,332
(Source: FDIC, June 2013 to 2024)
US Bank Market Share by Assets
The top five banks account for more than half (57.35%) of total U.S. banking assets.
Top 50 largest banks and savings banks in the United States based on total assets
Ranking (2023) Banking Market Share 2023 (%) Total Assets 2023
(in billions) Total assets 2022
(in billions) Total assets 2021
(in billions) Total assets 2020
(in billions) Total assets in 2019
(in billions) Total assets in 2018
(in billions) Total assets in 2017
(in billions) Total assets in 2016
(in billions) Total assets in 2015
(in billions) Total assets in 2014
(in billions) 1JP Morgan Chase Bank 19.46%$3,395$3,202$3,307$3,025$2,338$2,219$2,141$2,083$1,915$2,0752Bank of America 14.56%$2,540$2,419$2,520$2,259$1,853 $1, 783$1,752$1,677$1,639$1,5743 Wells Fargo Bank 9.94 %$1,733$1,718$1,780$1,768$1,713$1,689 $1,747$1,727$1,611$1,5334Citibank9.66%$1,685$1,767$1,669$1,662$1,454$1,407$1,385$1,350$1,3 00$1,3575 US Bank 3.73%$651$585$564$545$486$459$456$441$417$3996PNC Bank 3.20%$557$552$552 $463$398$371$370$356$348$3357Trust Bank3.02%$528$546$529$499$46 1N/AN/AN/AN/AN/A8Goldman Sachs Bank2.99%$521$487$434$272$229$192$165$159$135$1189Capital One 2 .73%$476$453 $381$364$329$305$291$286$273$25510TD Bank 2.11%$367$387$424$40 2$320$303$288$269$246N/A11 New York Bank Mellon 1.91%$333$325$356$387$311$286$297$25 8$319$30412State Street Bank and Trust1.68 %$293$298$311$311$242$242$235$239$241$27013BMO Harris Bank1.52%$266N/AN/AN /AN/AN/AN /AN/AN/AN/A14Citizen Bank1.27%$222$226$188$183$166$129$122$117$1 08$10315 Fifth Third Bank1.23%$214$206$210$203$168N/AN/AN/AN/AN/A16First Citizens Bank1.22%$21 4 $109$58$50$40$35$34$33$31N/A17Morgan Stanley Bank1.20%$209$201$192$176$147 $150$130$129$136$12618M&T Bank 1.19%$208$200$155$142$119$120$118$12 3$122$9619Morgan Stanley Private Bank 1.17%$203$210 $155$120$83$75$65$53$42$2720 Huntington Bank 1.08%$189$182$173$123$109$109$104 $100$71$6621 Ally Bank 1.07%$186$182$173$172$167$159$137$124$111$ 10422 Key Bank 1.07%$186$188$184$169$143$138$136$134 $93$9223 American Express Bank 1.03%$18 0$155$126$133$122$117N/AN/AN/ AN/A24HSBC Bank USA0.95%$165$162$188$198$173$170$180$197N/AN/A25Regional Bank0.87%$151$154$16 2$146$126 $125$123$125$125$11926Northern Trust Company0.86%$150$155$1 84$170$136$132$138$124 $116$11027 Discover Bank 0.86%$149$129$108$111$112$108$99$91$86$8228 Flagstar Bank 0.67%$116$90N/AN/AN/ AN/AN/AN/AN/AN/A29 Santander Bank 0.58%$100$99$102$90 $85$77$74$83$90$8030City National Bank 0.54%$93$97$93$76$61$51N/AN/AN/AN/A31Zions Bank 0.50% $87$90$93$81$69$69N/AN/AN/AN/A32Comerica Bank 0.49% $86$86$95$88$73$71$72$73$72$6933First Horizon Bank 0.47%$81$79$89$84N/AN/AN/AN/AN/AN /A34Webster Bank 0.43%$75$71N/AN/AN/AN/AN/AN /AN/AN/A35Western Alliance Bank 0.41%$71$68$56N/AN/AN/AN/AN/AN/AN/A36EastWest Bank 0.40% $ 69 $ 64 61 $ 61 $ 52 $ 44 $ 41 $ 41 $ 37 $ 35 $ 32 $ 2937VALLEY NATIONAL0.35%$ 61 $ 61Bank 0.31%$55$51$48$44N/AN/AN/AN/AN/AN/A40UMPQUABank 0.30%$52N/AN/AN/AN/ AN/AN/AN/AN/AN/A41Frost Bank0.29%$51 $53$51$42$34N/A$32$30$29$2842BOK Financial0.28%$50$48$50$46$42$34$32$32$31$2943Cadence Bank0.28%$49$49$48N /AN/AN/AN/AN/AN/AN/A44 Old National Bank 0.28%$49$46N/AN/AN/AN/AN/AN/AN/AN/A45 Pinnacle Bank 0.27%$48N/AN/AN/ AN/AN/AN/AN/AN/AN/A46First National Bank0. 26%$46$44N/AN/A$35$33$31N/AN/AN/A47South State Bank0.26%$45$44N/AN/AN /AN/AN/AN/AN/AN/A48UMB Bank 0.25%$44N/A $42N/AN/AN/AN/AN/AN/AN/AN/A49 Raymond Bank 0.24%$42N/AN/AN/AN/AN/ AN/AN/AN/AN/A50 Barclays Bank 0.24%$42N/AN/AN /A$34$33$34$33N/AN/AInfo Total domestic assets: 100%$17,442$16,393$16,011$14,750$12,508$11,262$10,587$10,510$9,769$9, 407
(Source: FRB 2014-2023)
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