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U.S. commercial banks - statistics & facts

Commercial banks are a cornerstone of business and finance in the United States. Commercial banks cater more to businesses rather than individuals and provide various services, such as accepting deposits, providing loans to businesses, and treasury management to name a few. The leading commercial bank in America is JPMorgan Chase, which earned almost 130 billion U.S. dollars in revenue in 2020. The leading issuer of commercial bank cards that year, however, was Bank of America, taking the lead over JPMorgan Chase.

The development of FDIC-insured commercial banks

The number of commercial banks insured with the Federal Deposit Insurance Corporation (FDIC) decreased steadily over the last decade: as of 2020 there were 4,377, about 150 fewer than in the previous year. Additionally, the number of new banks charters dropped steeply in the last decade; since 2010 there were less than 35 new FDIC-insured commercial chartered banks. Despite the drop in number of banks, and despite the impact of the 2008 financial crisis, and the 2020 economic crisis caused by the coronavirus pandemic, the pre-tax net operating income of U.S. commercial banks grew.

The role of commercial banks

As with any bank, one of the most important services offered by commercial banks are loans. As the U.S. economy continues to grow, the demand for loans to start new businesses or expand an existing business will also grow. In September 2021, the value of loans of U.S. commercial banks amounted to over 15.8 trillion dollars. Commercial banks also issued about 2.2 trillion U.S. dollars in mortgages to individuals that year.

Interesting statistics

In the following 4 chapters, you will quickly find the 23 most important statistics relating to "Commercial banks in the U.S.".

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