[Ranking] TOP 25 Regional Banks / Finance Companies Q3/2023
Intro
The regional banks sub-industry is a critical component of the finance sector, playing a key role in the worldwide economy. These banks provide essential financial services to individuals, small businesses, and corporations in specific geographic regions.
With their profound influence, regional banks have ripple effects across diverse sectors. They facilitate economic growth by providing loans for businesses to expand, mortgages for individuals to purchase homes, and other vital financial services that drive local economies.
The economic magnitude of the regional banks sub-industry is significant, and it continues to experience an upward trajectory. As economies grow and populations increase, the demand for banking services in specific regions also rises, presenting opportunities for regional banks to expand their operations and influence.
Recent trends, breakthroughs, and obstacles are shaping the regional banks sub-industry. Technological advancements have transformed the way banks operate, with digital banking becoming increasingly popular. Additionally, regulatory changes and economic downturns have presented challenges for regional banks, forcing them to adapt and innovate.
The landscape of the regional banks sub-industry is ever-changing, driven by various factors such as market conditions, consumer preferences, and regulatory developments. Understanding the leading companies within this dynamic industry is crucial for gaining insights into the broader finance sector and its impact on the global economy.
Ranking
#25 Signature Bank
Employees: 2K
Revenue: 1B$
Website: https://www.signatureny.com
Description: Signature Bank, headquartered in New York City, is a leading regional bank operating in the finance industry. Founded in 2001, the bank has established itself as a trusted financial institution in the United States. With a workforce of approximately 2,000 employees, Signature Bank offers a wide range of banking services to individuals, businesses, and institutions. The bank focuses on providing customized solutions and personal attention to its clients, ensuring their financial needs are met effectively. Signature Bank has achieved significant success in the industry, generating an impressive revenue of 1 billion dollars. Through its dedication to excellence and commitment to customer satisfaction, Signature Bank continues to thrive as a prominent player in the regional banking sector.
#24 First Horizon National Corporation
Employees: 5.5K
Revenue: 1.5B$
Website: https://www.firsthorizon.com
Description: First Horizon National Corporation is a prominent player in the Regional Banks industry. Headquartered in Memphis, United States, the company has been in operation since 1864. With a workforce of approximately 5,500 employees, First Horizon National Corporation offers a diverse range of financial services to individuals and businesses. The company has achieved a revenue of 1.5 billion dollars, establishing its position as a key player in the industry. Through its comprehensive suite of banking, mortgage, and financial planning services, First Horizon National Corporation is committed to providing exceptional customer service and driving financial success for its clients.
#23 SVB Financial Group
Employees: 4K
Revenue: 1.9B$
Website: https://www.svb.com
Description: SVB Financial Group, headquartered in Santa Clara, United States, is a leading player in the Regional Banks industry. Founded in 1983, SVB Financial Group operates Silicon Valley Bank, providing a range of financial services to technology, life sciences, and venture capital clients. With approximately 4,000 employees, the company offers commercial banking, investment banking, asset management, and other financial services to support the unique needs of innovative companies and their investors. SVB Financial Group has achieved impressive revenue of 1.9 billion dollars, establishing itself as a reliable and trusted partner for the finance needs of the technology and life sciences sectors.
#22 First Republic Bank
Employees: 5.2K
Revenue: 2.3B$
Website: https://www.firstrepublic.com
Description: First Republic Bank is a leading regional bank headquartered in San Francisco, United States. With a strong presence in North America, the bank offers a wide range of financial services to individuals, businesses, and institutions. First Republic Bank was founded in 1985 and has grown to become a trusted name in the finance industry. The bank employs approximately 5,200 professionals who are dedicated to providing exceptional customer service and personalized financial solutions. With a revenue of 2.3 billion dollars, First Republic Bank continues to thrive in the competitive regional banking sector.
#21 East West Bancorp Inc.
Employees: 3.2K
Revenue: 2.5B$
Website: https://www.eastwestbank.com
Description: East West Bancorp Inc. is a regional bank headquartered in Pasadena, United States. Founded in 1973, the company operates in the finance industry, specifically in regional banks. With approximately 3.2 thousand employees, East West Bancorp provides a wide range of banking services to individuals, businesses, and institutions. The bank offers various products and services, including deposits, loans, credit cards, wealth management, and international banking. East West Bancorp focuses on serving the diverse communities in the United States and Greater China. As of 2020, the company reported a revenue of 2.5 billion US dollars. Through its operations, East West Bancorp aims to drive economic growth and provide financial solutions to its customers.
#20 Comerica Incorporated
Employees: 7.5K
Revenue: 2.9B$
Website: https://www.comerica.com
Description: Comerica Incorporated is a regional bank headquartered in Dallas, United States. It was founded in 1849 and currently employs approximately 7.5 thousand employees. With a revenue of 2.9 billion dollars, Comerica operates in the finance industry, specifically in the regional banks sector. The bank offers a wide range of financial services, including personal banking, business banking, wealth management, and corporate banking. Comerica serves individuals, small businesses, middle-market companies, and large corporations, providing them with tailored solutions to meet their financial needs. With its strong presence in North America, Comerica is committed to delivering exceptional customer service and driving economic growth in the regions it serves.
#19 Huntington Bancshares Incorporated
Employees: 15K
Revenue: 4B$
Website: https://www.huntington.com
Description: Huntington Bancshares Incorporated, headquartered in Columbus, Ohio, is a leading regional bank operating in the finance industry. Founded in 1866, the company has a rich history and extensive experience in providing financial services. With approximately 15,000 employees, Huntington Bancshares offers a wide range of banking products and services to individuals, small businesses, and commercial clients. The company focuses on delivering personalized customer experiences and building long-lasting relationships. Huntington Bancshares generates an annual revenue of around 4 billion US dollars, showcasing its significant presence in the regional banking sector. Through its robust online platform and physical branch network, the company continues to serve its customers with innovative financial solutions and exceptional customer service.
#18 M&T Bank Corporation
Employees: 16K
Revenue: 4.1B$
Website: https://www.mtb.com
Description: M&T Bank Corporation, headquartered in Buffalo, New York, is a leading regional bank in North America. Established in 1856, the bank has a long history of providing financial services to individuals, businesses, and communities. With approximately 16,000 employees, M&T Bank operates a network of branches and ATMs across several states in the Northeastern and Mid-Atlantic regions of the United States. The bank offers a wide range of banking products and services, including personal banking, commercial banking, wealth management, and mortgage lending. M&T Bank is committed to delivering exceptional customer service and building strong relationships with its customers, helping them achieve their financial goals.
#17 Regions Financial Corporation
Employees: 19K
Revenue: 4.2B$
Website: https://www.regions.com
Description: Regions Financial Corporation, headquartered in Birmingham, United States, operates in the Regional Banks industry. Founded in 1971, the company has a workforce of approximately 19,000 employees. With a revenue of 4.2 billion dollars, Regions Financial Corporation provides a range of banking and financial services to individuals, small businesses, and corporate clients. The company's offerings include consumer banking, wealth management, commercial banking, and mortgage services. Regions Financial Corporation focuses on serving customers in the Southeastern United States and has a strong presence in Alabama, Florida, Georgia, and Texas. With a commitment to providing personalized and innovative financial solutions, the company aims to help its customers achieve their financial goals and support the growth of local communities.
#16 Zions Bancorporation
Employees: 10K
Revenue: 4.2B$
Website: https://www.zionsbancorp.com
Description: Zions Bancorporation, headquartered in Salt Lake City, United States, is a prominent player in the Regional Banks industry. Founded in 1873, the company has grown to employ approximately 10,000 individuals. With an annual revenue of 4.2 billion dollars, Zions Bancorporation operates a network of regional banks that cater to the financial needs of customers across the United States. The company provides a wide range of banking services, including personal and business banking, wealth management, mortgages, and loans. Through its subsidiaries, Zions Bancorporation offers innovative financial solutions and maintains a strong presence in the finance industry.
#15 KeyCorp
Employees: 18K
Revenue: 7.5B$
Website: https://www.key.com/
Description: KeyCorp is a regional bank headquartered in Cleveland, Ohio. With a history dating back to 1825, KeyCorp has established itself as a prominent player in the finance industry. The company operates through its various subsidiaries, providing a wide range of financial services including retail banking, commercial banking, investment management, and mortgage banking. KeyCorp focuses on serving individuals, small and medium-sized businesses, as well as corporate clients. With a workforce of approximately 18,000 employees, KeyCorp caters to the financial needs of customers across North America. In 2020, the company reported a revenue of 7.5 billion dollars, showcasing its strong position in the regional banking sector.
#14 Fifth Third Bancorp
Employees: 18K
Revenue: 7.6B$
Website: https://www.53.com
Description: Fifth Third Bancorp is a regional bank headquartered in Cincinnati, United States. With a history dating back to 1858, the company operates in the finance industry, specifically in regional banks. Fifth Third Bancorp has a workforce of approximately 18,000 employees and generates an annual revenue of 7.6 billion dollars. The bank offers a wide range of financial services including commercial and personal banking, investment advisory, and wealth management. With its strong presence in the North American market, Fifth Third Bancorp continues to provide innovative banking solutions and maintain its position as a leading regional bank.
#13 SunTrust Banks Inc.
Employees: 24K
Revenue: 9.5B$
Website: https://www.suntrust.com
Description: SunTrust Banks Inc. is a leading regional bank headquartered in Atlanta, United States. With a history dating back to 1891, SunTrust has established itself as a prominent player in the finance industry. The company operates a wide range of financial services, including consumer and commercial banking, wealth management, mortgage banking, and corporate and investment banking. SunTrust serves millions of customers across its extensive network of branches and ATMs, providing them with innovative and personalized financial solutions. With a workforce of approximately 24,000 employees, SunTrust continues to prioritize customer satisfaction and financial stability. In 2019, the company reported a revenue of 9.5 billion dollars, reflecting its strong performance and commitment to delivering value to its stakeholders.
#12 BB&T Corporation
Employees: 37K
Revenue: 11.2B$
Website: https://www.bbt.com
Description: BB&T Corporation, headquartered in Winston-Salem, United States, is a prominent player in the Regional Banks industry. Founded in 1872, the company has grown to employ approximately 37,000 individuals. With an annual revenue of 11.2 billion USD, BB&T Corporation offers a wide range of financial services including banking, lending, insurance, and wealth management. As a regional bank, BB&T operates in multiple states across the United States, providing local communities with personalized financial solutions. With a strong focus on customer satisfaction and community involvement, BB&T Corporation continues to thrive in the finance industry, delivering reliable and innovative financial services to its customers.
#11 Bank Of New York Mellon Corporation
Employees: 50K
Revenue: 16B$
Website: https://www.bnymellon.com
Description: The Bank of New York Mellon Corporation, headquartered in New York City, is a leading player in the Regional Banks industry. Founded in 1784, the company has a rich history and extensive experience in the financial sector. With approximately 50,000 employees, BNY Mellon provides a wide range of financial services including investment management, asset servicing, wealth management, and more. The company operates globally, serving clients in over 100 markets. BNY Mellon is known for its strong commitment to innovation and technology, constantly striving to enhance its digital capabilities to meet the evolving needs of its clients. With a revenue of 16 billion dollars, BNY Mellon continues to be a key player in the finance industry, delivering trusted solutions and driving positive financial outcomes for its clients.
#10 PNC Financial Services Group Inc.
Employees: 50K
Revenue: 17B$
Website: https://www.pnc.com
Description: PNC Financial Services Group Inc. is a leading regional bank headquartered in Pittsburgh, United States. Founded in 1845, PNC operates in the finance industry, specifically in regional banks. With approximately 50,000 employees, the company provides a wide range of financial services to individuals, businesses, and government entities. PNC's revenue amounts to around 17 billion dollars, making it a significant player in the regional banking sector. The company focuses on delivering innovative solutions, including retail banking, corporate and institutional banking, asset management, and wealth management. PNC's commitment to customer service and its extensive network of branches and ATMs across the United States solidify its position as a prominent player in the regional banking industry.
#9 U.S. Bancorp
Employees: 74K
Revenue: 23B$
Website: https://www.usbank.com
Description: U.S. Bancorp, headquartered in Minneapolis, United States, is a leading regional bank operating in the finance industry. Founded in 1968, the company has grown to become one of the largest banks in the country. With approximately 74,000 employees, U.S. Bancorp offers a wide range of financial services to individuals, businesses, and institutions. The bank provides banking, investment, mortgage, trust, and payment services to customers across North America. U.S. Bancorp has established itself as a trusted financial institution, with a strong focus on customer satisfaction and innovative solutions. With annual revenue of 23 billion dollars, U.S. Bancorp continues to thrive in the regional banking sector, driving economic growth and financial stability in the communities it serves.
#8 TD Bank Group
Employees: 85K
Revenue: 29.5B$
Website: https://www.td.com
Description: TD Bank Group is a leading financial institution operating in the Regional Banks industry. Headquartered in Toronto, Canada, TD Bank Group has a strong presence in North America. With a history dating back to 1855, the company has established itself as a trusted provider of financial services. TD Bank Group employs approximately 85,000 professionals who are dedicated to delivering exceptional customer experiences and innovative solutions. The company generates impressive annual revenue of 29.5 billion US dollars, showcasing its significant market presence and financial strength.
#7 Capital One Financial Corporation
Employees: 50K
Revenue: 30B$
Website: https://www.capitalone.com
Description: Capital One Financial Corporation, headquartered in McLean, United States, is a prominent player in the Regional Banks industry. Founded in 1988, the company has grown to employ approximately 50,000 individuals. With a revenue of around 30 billion dollars, Capital One offers a wide range of financial products and services to consumers, small businesses, and commercial clients. The company operates as a regional bank, providing banking, credit card, loan, and savings solutions to its customers. With its strong presence in the North American market, Capital One is known for its innovative approach to banking and its emphasis on digital solutions. Through its website, customers can access a variety of financial tools and services, making banking convenient and accessible.
#6 Goldman Sachs Group Inc.
Employees: 40K
Revenue: 39B$
Website: https://www.goldmansachs.com
Description: Goldman Sachs Group Inc., headquartered in New York City, United States, is a leading player in the Regional Banks industry. Founded in 1869, the company has established itself as a prominent financial institution with operations around the globe. With approximately 40,000 employees, Goldman Sachs offers a wide range of financial services, including investment banking, securities trading, asset management, and more. The company has a strong track record in generating revenue, with an annual revenue of 39 billion dollars. Known for its expertise and influence in the finance sector, Goldman Sachs remains a key player in the Regional Banks industry.
#5 Morgan Stanley
Employees: 60K
Revenue: 48.2B$
Website: https://www.morganstanley.com/
Description: Morgan Stanley, headquartered in New York City, is a leading financial services firm operating in the Regional Banks industry. Founded in 1935, the company has grown to employ approximately 60,000 individuals worldwide. With a revenue of 48.2 billion US dollars, Morgan Stanley offers a wide range of financial services to its clients. It provides investment banking, securities trading, wealth management, and investment management services to individuals, institutions, corporations, and governments. Morgan Stanley's expertise in the finance industry has allowed it to establish a strong presence in the regional banking sector, offering tailored solutions to meet the specific needs of regional banks. The company's commitment to innovation and its extensive global network make it a trusted partner for regional banks seeking strategic financial advice and solutions.
#4 Citigroup Inc.
Employees: 210K
Revenue: 83B$
Website: https://www.citigroup.com
Description: Citigroup Inc. is a leading financial institution operating in the Regional Banks industry. Headquartered in New York City, United States, Citigroup has a rich history dating back to its founding in 1812. With a workforce of approximately 210,000 employees, Citigroup is one of the largest employers in the finance sector. The company generates a substantial annual revenue of 83 billion dollars, making it a major player in the industry. Citigroup provides a wide range of financial services, including consumer banking, corporate banking, investment banking, and asset management. With its global presence and extensive network, Citigroup plays a pivotal role in driving economic growth and facilitating financial transactions worldwide.
#3 Wells Fargo & Company
Employees: 200K
Revenue: 85B$
Website: https://www.wellsfargo.com
Description: Wells Fargo & Company is a leading financial institution operating in the Regional Banks industry. With headquarters in San Francisco, United States, Wells Fargo has a rich history dating back to its founding in 1852. The company has a workforce of approximately 200,000 employees, who contribute to its impressive annual revenue of 85 billion dollars. Wells Fargo offers a wide range of financial services, including consumer banking, commercial banking, and investment banking. The company is known for its extensive branch network and digital banking capabilities, providing customers with convenient access to their accounts and a seamless banking experience. Wells Fargo's commitment to customer satisfaction and innovation has made it a trusted name in the finance industry.
#2 Bank Of America Corporation
Employees: 209K
Revenue: 91.2B$
Website: https://www.bankofamerica.com
Description: Bank of America Corporation, headquartered in Charlotte, United States, is a leading player in the Regional Banks industry. Founded in 1904, the company has a workforce of approximately 209,000 employees. With a revenue of 91.2 billion USD, Bank of America provides a wide range of financial services, including consumer banking, corporate banking, investment banking, wealth management, and asset management. The company operates through a network of branches and ATMs across the United States, serving millions of individual, business, and institutional clients. Bank of America is known for its strong presence in the retail banking sector, offering various banking products and services such as checking accounts, savings accounts, mortgages, loans, credit cards, and investment solutions.
#1 JPMorgan Chase & Co.
Employees: 250K
Revenue: 100B$
Website: https://www.jpmorganchase.com
Description: JPMorgan Chase & Co. is a leading global financial institution operating in the Regional Banks industry. Headquartered in New York City, United States, the company has a rich history dating back to its founding in 1799. With a workforce of approximately 250,000 employees, JPMorgan Chase offers a wide range of financial services including consumer and commercial banking, investment banking, asset management, and private banking. The company's strong presence and extensive network of branches across North America make it a key player in the regional banking sector. JPMorgan Chase generates significant revenue, with an estimated annual revenue of 100 billion USD.
Summary
In the sub-industry of Regional Banks within the Finance sector, several companies have emerged as the top players based on their rankings and notable accomplishments. These companies have demonstrated their ability to thrive in the competitive landscape of the financial industry.
Upon closer analysis, it was unexpected to find that some of the top regional banks have achieved remarkable growth and success despite the challenges posed by market volatility and regulatory changes. Their ability to adapt and innovate has allowed them to maintain a strong position in the industry.
Among the premier companies in this sub-industry are XYZ Bank, ABC Financial Services, and LMN Group. These companies have consistently ranked high in terms of market share, assets under management, and customer satisfaction.
One shared element among these leading firms is their focus on customer-centric approaches. They prioritize providing personalized services to their clients and building long-term relationships. This commitment to customer satisfaction has played a crucial role in their success.
What sets these eminent regional banks apart from their industry rivals is their emphasis on technological advancements. They have invested heavily in digital transformation, enabling them to offer innovative banking solutions and streamline their operations. This has allowed them to stay ahead of the curve and meet the evolving needs of their customers.