[Ranking] TOP 25 Thrifts & Mortgage Finance / Finance Companies Q3/2023
Intro
Thrifts & Mortgage Finance is a critical sub-industry within the larger Finance sector, playing a vital role in the worldwide economy. As the name suggests, this industry encompasses a diverse range of financial institutions that specialize in thrifts and mortgage finance.
The influence of the Thrifts & Mortgage Finance industry goes beyond its immediate scope, with ripple effects felt across various sectors. These companies provide the necessary capital for individuals and businesses to purchase homes, invest in real estate, and stimulate economic growth.
With its economic magnitude and upward trajectory, the Thrifts & Mortgage Finance industry has become a significant player in the global financial landscape. As more people seek homeownership and investment opportunities, the demand for mortgage financing continues to rise.
Recent trends and breakthroughs have shaped the Thrifts & Mortgage Finance industry. Technological advancements have led to the development of online mortgage lenders, streamlining the application and approval process. However, regulatory changes and economic obstacles have also presented challenges for companies in this sector.
The landscape of the Thrifts & Mortgage Finance industry is ever-changing, driven by evolving market conditions and consumer preferences. Exploring the leading companies in this industry provides insights into the strategies and innovations driving its growth and adaptation to the dynamic financial environment.
Ranking
#25 FNB Corporation
Employees: 4.5K
Revenue: 1.2B$
Website: https://www.fnb-online.com/
Description: FNB Corporation, headquartered in Hermitage, United States, is a leading player in the Thrifts & Mortgage Finance industry. Established in 1864, FNB has a rich history and extensive experience in providing financial services. With a workforce of approximately 4.5 thousand employees, the company operates with a strong commitment to customer satisfaction and innovation. FNB Corporation generates an annual revenue of around 1.2 billion dollars, showcasing its significant presence in the market. Through its website, https://www.fnb-online.com/, FNB offers a range of financial solutions, including mortgage finance and thrift services, contributing to the growth and stability of the finance sector.
#24 First Horizon Corporation
Employees: 5.3K
Revenue: 1.5B$
Website: https://www.firsthorizon.com
Description: First Horizon Corporation is a leading financial services company operating in the Thrifts & Mortgage Finance industry. Headquartered in Memphis, United States, the company has a rich history dating back to its founding in 1864. With approximately 5.3 thousand employees, First Horizon Corporation offers a wide range of financial products and services to its customers. The company generates an annual revenue of 1.5 billion dollars, making it a significant player in the industry. Through its website, customers can access various banking solutions, mortgage services, and investment options provided by First Horizon Corporation.
#23 People's United Financial Inc
Employees: 4.8K
Revenue: 1.7B$
Website: https://www.peoples.com
Description: People's United Financial Inc, headquartered in Bridgeport, United States, is a leading company in the Thrifts & Mortgage Finance industry. Founded in 1842, the company has a workforce of approximately 4.8 thousand employees. With a revenue of 1.7 billion dollars, People's United Financial Inc offers a wide range of financial services to individuals, businesses, and institutions. The company specializes in retail banking, mortgage lending, and wealth management. Through its network of branches and ATMs, People's United Financial Inc provides convenient banking solutions to customers across North America.
#22 SVB Financial Group
Employees: 3.5K
Revenue: 2.2B$
Website: https://www.svb.com
Description: SVB Financial Group, operating in the Thrifts & Mortgage Finance industry, is headquartered in Santa Clara, United States. Founded in 1983, the company has a workforce of approximately 3.5 thousand employees. With a revenue of 2.2 billion dollars, SVB Financial Group is a key player in the finance sector, specializing in providing a range of financial services to startups, venture capital firms, and the technology and life sciences industries. The company offers services such as commercial banking, investment banking, asset management, and private banking, helping its clients navigate the complex financial landscape and achieve their business objectives. SVB Financial Group's commitment to innovation, industry expertise, and strong customer relationships has positioned it as a leading financial institution in North America.
#21 First Republic Bank
Employees: 5.6K
Revenue: 2.4B$
Website: https://www.firstrepublic.com
Description: First Republic Bank is a leading financial institution operating in the Thrifts & Mortgage Finance industry. Headquartered in San Francisco, United States, the bank has been serving customers since its establishment in 1985. With a workforce of approximately 5,600 employees, First Republic Bank provides a wide range of banking and financial services to individuals, businesses, and wealth management clients. The bank's revenue stands at 2.4 billion US dollars, demonstrating its strong presence in the industry. First Republic Bank focuses on delivering personalized service and building long-term relationships, making it a trusted choice for customers seeking reliable financial solutions.
#20 Synovus Financial Corp
Employees: 5.7K
Revenue: 2.5B$
Website: https://www.synovus.com
Description: Synovus Financial Corp is a leading player in the Thrifts & Mortgage Finance industry. Headquartered in Columbus, United States, the company was founded in 1888. With a workforce of approximately 5.7 thousand employees, Synovus Financial Corp operates as a financial services company, offering a range of banking and financial products to its customers. The company generates an annual revenue of around 2.5 billion dollars. Synovus Financial Corp is known for its expertise in mortgage finance, providing lending solutions and mortgage products to individuals and businesses. With its strong presence in the industry, Synovus Financial Corp continues to be a trusted and reliable financial institution, serving the needs of its clients in North America.
#19 CIT Group Inc
Employees: 3.5K
Revenue: 2.5B$
Website: https://www.cit.com/
Description: CIT Group Inc, headquartered in Livingston, New Jersey, is a leading company operating in the Thrifts & Mortgage Finance industry. Established in 1908, CIT Group Inc has a long-standing presence in the finance sector. With a workforce of approximately 3,500 employees, the company offers a wide range of financial products and services to its customers. CIT Group Inc generates an estimated annual revenue of 2.5 billion dollars. The company's focus within the Thrifts & Mortgage Finance industry is on providing tailored financial solutions, including mortgage financing, for individuals and businesses. Through its expertise and comprehensive offerings, CIT Group Inc has established itself as a trusted name in the finance industry.
#18 Ally Financial Inc
Employees: 10K
Revenue: 4B$
Website: https://www.ally.com
Description: Ally Financial Inc is a leading Thrifts & Mortgage Finance company headquartered in Detroit, United States. Founded in 1919, Ally Financial operates in the finance industry, providing a range of financial products and services. With approximately 10,000 employees, the company offers mortgage financing, auto financing, insurance, and banking services to individuals and businesses. Ally Financial is known for its innovative digital banking solutions and its commitment to customer-centricity. The company has achieved a revenue of 4 billion dollars, solidifying its position as a key player in the finance industry.
#17 Huntington Bancshares Incorporated
Employees: 16K
Revenue: 4.1B$
Website: https://www.huntington.com/
Description: Huntington Bancshares Incorporated, headquartered in Columbus, United States, operates in the Thrifts & Mortgage Finance industry. Founded in 1866, the company has a workforce of approximately 16,000 employees. With annual revenue of 4.1 billion dollars, Huntington Bancshares is a prominent player in the finance sector. The company specializes in providing various financial services, including mortgage lending, consumer banking, commercial banking, wealth management, and investment banking. Huntington Bancshares is known for its customer-centric approach and innovative financial solutions. Through its extensive network of branches and digital channels, the company serves individuals, businesses, and institutional clients across the United States, offering them a wide range of financial products and services to meet their diverse needs.
#16 KeyCorp
Employees: 18K
Revenue: 6.2B$
Website: https://www.key.com
Description: KeyCorp is a leading financial services company headquartered in Cleveland, United States. With a history dating back to 1849, KeyCorp operates in the Thrifts & Mortgage Finance industry. The company has a workforce of approximately 18,000 employees who are dedicated to providing a wide range of financial services, including banking, investment management, and lending. KeyCorp has established itself as a trusted partner for individuals, businesses, and institutions, offering innovative solutions and personalized services. In 2020, the company reported a revenue of 6.2 billion US dollars, showcasing its strong performance in the industry.
#15 Fifth Third Bancorp
Employees: 19K
Revenue: 7.2B$
Website: https://www.53.com
Description: Fifth Third Bancorp is a leading financial institution operating in the Thrifts & Mortgage Finance industry. Headquartered in Cincinnati, United States, the company was founded in 1858. With a workforce of approximately 19,000 employees, Fifth Third Bancorp offers a range of banking and financial services to individuals, businesses, and government entities. The company generates an annual revenue of 7.2 billion dollars. Fifth Third Bancorp is committed to providing innovative and reliable banking solutions to its customers, helping them achieve their financial goals.
#14 Regions Financial Corporation
Employees: 19.5K
Revenue: 7.9B$
Website: https://www.regions.com
Description: Regions Financial Corporation, headquartered in Birmingham, Alabama, is a leading player in the Thrifts & Mortgage Finance industry. Founded in 1971, Regions Financial Corporation has grown to become one of the largest banks in the United States. With approximately 19.5 thousand employees, the company offers a wide range of financial services including banking, mortgage, and investment products. Regions Financial Corporation has achieved an impressive revenue of 7.9 billion US dollars, solidifying its position as a key player in the finance industry. Through its extensive network of branches and digital platforms, the company strives to provide exceptional financial solutions to individuals, businesses, and institutions across North America.
#13 Discover Financial Services
Employees: 15K
Revenue: 10B$
Website: https://www.discover.com/
Description: Discover Financial Services, headquartered in Riverwoods, United States, is a prominent player in the Thrifts & Mortgage Finance industry. Since its founding in 1985, the company has grown to employ approximately 15,000 individuals. With an impressive annual revenue of around 10 billion dollars, Discover Financial Services has established itself as a leading provider of banking and payment solutions. Through its various subsidiaries, the company offers a wide range of financial products and services, including credit cards, personal loans, student loans, home loans, and banking services. Discover Financial Services continues to innovate in the finance industry, leveraging technology to provide convenient and secure financial solutions to its customers.
#12 PNC Financial Services Group Inc
Employees: 50K
Revenue: 16B$
Website: https://www.pnc.com
Description: The PNC Financial Services Group Inc, headquartered in Pittsburgh, United States, is a prominent player in the Thrifts & Mortgage Finance industry. Founded in 1845, PNC offers a wide range of financial services, including banking, lending, investment management, and wealth management. With approximately 50,000 employees, PNC operates across the United States, serving millions of customers. The company has a strong focus on providing innovative solutions and excellent customer service. PNC has achieved significant financial success, with an annual revenue of around 16 billion dollars. Through its comprehensive portfolio of financial products and services, PNC continues to be a leading force in the finance industry, catering to the diverse needs of individuals, businesses, and institutions.
#11 Synchrony Financial
Employees: 16K
Revenue: 20B$
Website: https://www.synchrony.com
Description: Synchrony Financial, headquartered in Stamford, United States, is a leading player in the Thrifts & Mortgage Finance industry. Founded in 2003, the company has grown to employ approximately 16,000 employees. With a revenue of around 20 billion dollars, Synchrony Financial is a major contributor in the finance sector. The company focuses on providing various financial services, including consumer financing, credit cards, and payment solutions. Synchrony Financial is recognized for its strong partnerships with retailers, offering customized credit programs to help customers make purchases. The company's website is a valuable resource for customers and partners, providing information on financial products, account management, and customer support.
#10 Truist Financial Corporation
Employees: 50K
Revenue: 22B$
Website: https://www.truist.com
Description: Truist Financial Corporation, headquartered in Charlotte, United States, is a leading player in the Thrifts & Mortgage Finance industry. With a history dating back to 1872, Truist Financial Corporation has established itself as a trusted and reliable financial institution. The company boasts a workforce of approximately 50,000 employees, who work tirelessly to provide exceptional financial services to their customers. Truist Financial Corporation generates an impressive annual revenue of 22 billion dollars, solidifying its position as a major player in the industry. Through its website, https://www.truist.com, the company offers a wide range of banking and financial services, catering to the diverse needs of its clients. With its rich history, extensive employee base, and substantial revenue, Truist Financial Corporation continues to thrive in the ever-evolving finance industry.
#9 US Bancorp
Employees: 73K
Revenue: 24.4B$
Website: https://www.usbank.com
Description: US Bancorp is a leading financial institution operating in the Thrifts & Mortgage Finance industry. Headquartered in Minneapolis, United States, the company has a rich history dating back to its founding in 1863. With a workforce of approximately 73,000 employees, US Bancorp is dedicated to providing a wide range of banking and financial services to its customers. The company generates substantial revenue, with an annual revenue of 24.4 billion dollars. US Bancorp's commitment to excellence and customer satisfaction has established it as a trusted name in the finance industry.
#8 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 Thrifts & Mortgage Finance industry. Founded in 1994, the company has grown to employ approximately 50,000 individuals. With an annual revenue of 30 billion dollars, Capital One offers a wide range of financial services including banking, credit cards, loans, and savings accounts. The company focuses on providing innovative and personalized solutions to its customers, leveraging technology to enhance their banking experience. Capital One is known for its commitment to customer satisfaction and has gained a strong reputation in the finance industry for its reliable and efficient services.
#7 TD Bank US Holding Company
Employees: 90K
Revenue: 31B$
Website: https://www.td.com/us/en/personal-banking/
Description: TD Bank US Holding Company, headquartered in Cherry Hill, United States, is a prominent player in the Thrifts & Mortgage Finance industry. With a rich history dating back to 1852, the company has established itself as a trusted financial institution. Employing approximately 90,000 individuals, TD Bank US Holding Company is a major employer in the sector. The company generates significant revenue, with an estimated annual revenue of 31 billion dollars. Specializing in various financial services, TD Bank US Holding Company offers a wide range of banking and mortgage products to its customers. With a strong presence in the market, the company continues to play a vital role in the finance industry.
#6 Goldman Sachs Group Inc
Employees: 40K
Revenue: 37B$
Website: https://www.goldmansachs.com/
Description: Goldman Sachs Group Inc, headquartered in New York City, United States, is a leading player in the Thrifts & Mortgage Finance industry. With a history dating back to 1869, the company has established itself as a prominent financial institution. With approximately 40,000 employees, Goldman Sachs provides a wide range of financial services, including investment banking, securities, and investment management. The company has achieved impressive revenue of 37 billion dollars, solidifying its position as one of the largest players in the industry. Known for its expertise, Goldman Sachs continues to shape the finance sector through its innovative solutions and extensive market knowledge.
#5 Morgan Stanley
Employees: 60K
Revenue: 48B$
Website: https://www.morganstanley.com/
Description: Morgan Stanley, headquartered in New York City, United States, is a prominent player in the Thrifts & Mortgage Finance industry. Founded in 1935, the company has grown to employ approximately 60,000 individuals globally. With an impressive revenue of 48 billion USD, Morgan Stanley offers a wide range of financial services related to thrifts and mortgage finance. They provide innovative and comprehensive solutions to individuals, corporations, institutions, and governments worldwide. Morgan Stanley's expertise in this industry includes mortgage lending, mortgage-backed securities, mortgage servicing, and the management of thrift institutions. Through their strong presence and extensive experience, Morgan Stanley remains a leading force in the finance industry, continuously striving to deliver exceptional value to their clients.
#4 Citigroup Inc
Employees: 200K
Revenue: 74B$
Website: https://www.citigroup.com
Description: Citigroup Inc is a leading financial institution operating in the Thrifts & Mortgage Finance industry. Headquartered in New York City, United States, Citigroup has been in operation since 1812. With approximately 200,000 employees, the company provides a wide range of financial services including banking, investment banking, credit cards, and wealth management. Citigroup is known for its global presence, serving millions of customers in more than 160 countries. The company has established a strong reputation for its innovative solutions and commitment to delivering exceptional customer experiences. With annual revenues of 74 billion dollars, Citigroup continues to be a major player in the finance industry, driving economic growth and supporting financial well-being worldwide.
#3 Wells Fargo & Company
Employees: 200K
Revenue: 85B$
Website: https://www.wellsfargo.com
Description: Wells Fargo & Company, headquartered in San Francisco, United States, is a leading financial institution in the Thrifts & Mortgage Finance industry. Founded in 1852, Wells Fargo has grown to employ approximately 200,000 individuals worldwide. With an impressive revenue of 85 billion dollars, the company offers a wide range of financial services including mortgage lending, insurance, wealth management, and consumer banking. Wells Fargo operates through its extensive network of branches and digital platforms, providing customers with convenient access to their banking needs. Known for its commitment to customer satisfaction and community support, Wells Fargo continues to be a prominent player in the finance industry, serving millions of customers across North America and beyond.
#2 Bank Of America Corporation
Employees: 210K
Revenue: 91.2B$
Website: https://www.bankofamerica.com
Description: Bank of America Corporation, headquartered in Charlotte, United States, is a leading player in the Thrifts & Mortgage Finance industry. Founded in 1904, the company has grown to become one of the largest financial institutions in the world. With an employee count of 210,000, Bank of America provides a wide range of banking and financial services to individuals, businesses, and institutions. The company offers mortgage lending, consumer banking, corporate banking, investment banking, asset management, and other related services. Bank of America generates significant revenue, with an annual revenue of 91.2 billion USD. With its strong presence and extensive portfolio of financial products, Bank of America continues to be a key player in the finance industry.
#1 JP Morgan Chase & Co
Employees: 255K
Revenue: 115B$
Website: https://www.jpmorganchase.com/
Description: JP Morgan Chase & Co is a leading financial institution in the Thrifts & Mortgage Finance 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 255,000 employees, JP Morgan Chase & Co operates a diverse range of financial services, including banking, asset management, and investment banking. The company is known for its strong presence in mortgage financing, providing individuals and businesses with access to home loans and other mortgage products. JP Morgan Chase & Co has achieved significant revenue growth, with annual revenues reaching approximately 115 billion dollars. With its extensive expertise and global network, the company continues to play a pivotal role in shaping the financial landscape within the Thrifts & Mortgage Finance industry.
Summary
The Thrifts & Mortgage Finance sub-industry within the broader Finance sector is home to several top companies that have achieved notable success and recognition in recent years. These companies have demonstrated strong financial performance and have made significant contributions to the mortgage lending and thrift industries.
One unexpected finding from the analysis is the resilience of these companies during periods of economic downturn. Despite facing challenges during the housing market crisis and the recent COVID-19 pandemic, many of these companies have managed to maintain stable operations and even grow their market share.
Among the premier companies in the Thrifts & Mortgage Finance sub-industry are Wells Fargo, JPMorgan Chase, and Bank of America. These companies have established themselves as leaders in the mortgage lending market, offering a wide range of loan products to both individual borrowers and commercial clients.
One shared element driving the prosperity of these leading firms is their ability to adapt to changing market conditions. These companies have invested in technology and digital platforms to streamline their lending processes, making it easier for customers to apply for mortgages and access financial services.
What sets these eminent companies apart from their industry rivals is their strong brand reputation and extensive network of branches and offices. This allows them to reach a larger customer base and establish long-term relationships with borrowers. Additionally, their robust risk management practices and compliance with regulatory requirements have earned them the trust of investors and customers alike.