The Largest Banks in the United States

The following is a list of the largest banks in the United States in terms of total assets. Looking at banking histories over the years, these days, big banks are healthier than they have been in a decade with net income at FDIC-insured banks reaching $47.9 billion in the third quarter after a record $48.3 billion total during the previous three months.

This rank is based on metrics related to growth, profitability, capital adequacy and asset quality. Metrics include return on average tangible equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percent of total loans.

The following table lists the 50 largest banks in the United States by assets as of June 30, 2018.

List of 50 largest banks in the United States

Rank	Bank name	Headquarters location	Total assets	Market capitalization
			Billions of US$
1	JPMorgan Chase	New York City	$2,590	$384
2	Bank of America	Charlotte, North Carolina	$2,291	$302
3	Citigroup	New York City	$1,912	$174
4	Wells Fargo	San Francisco, California	$1,879	$273
5	Goldman Sachs	New York City	$968	$87
6	Morgan Stanley	New York City	$875	$136
7	U.S. Bancorp	Minneapolis, Minnesota	$461	$83
8	TD Bank, N.A.	Cherry Hill, New Jersey	$378	$108
9	PNC Financial Services	Pittsburgh, Pennsylvania	$380	$67
10	Capital One	McLean, Virginia	$363	$47
11	The Bank of New York Mellon	New York City	$352	$53
12	TIAA	New York City	$298	N/A
13	HSBC Bank USA	New York City	$284	N/A
14	Charles Schwab Corporation	San Francisco, California	$261	$39
15	State Street Corporation	Boston, Massachusetts	$248	$31
16	BB&T	Winston-Salem, North Carolina	$222	$39
17	SunTrust Banks	Atlanta, Georgia	$207	$33
18	American Express	New York City	$184	$33
19	Ally Financial	Detroit, Michigan	$171	$12
20	State Farm	Bloomington, Illinois	$160	N/A
21	MUFG Union Bank	New York City	$160	N/A
21	USAA	San Antonio, Texas	$158	N/A
23	Citizens Financial Group	Providence, Rhode Island	$153	$19
24	Barclays	New York City	$166	N/A
25	BNP Paribas	New York City	$146	N/A
26	Credit Suisse	New York City	$141	N/A
27	Fifth Third Bank	Cincinnati, Ohio	$140	$19
28	BMO Harris Bank	Chicago, Illinois	$139	N/A
29	KeyCorp	Cleveland, Ohio	$138	$22
30	UBS	New York City	$136	$22
31	Northern Trust	Chicago, Illinois	$135	$24
32	Santander Bank	Boston, Massachusetts	$130	N/A
33	Regions Financial Corporation	Birmingham, Alabama	$124	$20
34	RBC Bank	New York City	$118	N/A
35	M&T Bank	Buffalo, New York	$118	$30
36	Deutsche Bank	New York City	$115	N/A
37	Huntington Bancshares	Columbus, Ohio	$105	$16
38	Discover Financial	Riverwoods, Illinois	$102	$25
39	Synchrony Financial	Stamford, Connecticut	$99	$24
40	BBVA Compass	Birmingham, Alabama	$88	N/A
41	Comerica	Dallas, Texas	$72	$16
41	Zions Bancorporation	Salt Lake City, Utah	$66	$10
43	E-Trade	New York City	$64	$15
44	Silicon Valley Bank	Santa Clara, California	$55	$16
45	New York Community Bank	Westbury, New York	$50	$5
46	CIT Group	Livingston, New Jersey	$49	$6
47	Popular, Inc.	San Juan, Puerto Rico	$47	$5
48	People’s United Financial	Bridgeport, Connecticut	$44	$6
49	Mutual of Omaha	Omaha, Nebraska	$42	N/A
50	First Horizon National Corporation	Memphis, Tennessee	$41	$5