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2024 U.S. Industry Statistics & Market Forecast - Commercial Banking
Market Size & Industry Statistics
The total U.S. industry market size for Commercial Banking:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Commercial Banking industry include:- Increasing digitization and technology integration
- Rise of fintech and non-traditional financial services providers
- Shift towards personalized banking experiences
- Stringent regulatory and compliance requirements
- Growing emphasis on cybersecurity and data protection
- Adoption of artificial intelligence and machine learning
- Expansion of sustainable and green financing
- Impact of economic fluctuations on lending practices
- Increasing importance of mobile banking and apps
- Evolution of payment methods and systems
- Focus on cost reduction and operational efficiency
- Collaborations and partnerships within the industry
- Challenges from geopolitical tensions and policy changes
- Heightened focus on customer data privacy and ethics
Product & Services Breakdown
Research products and services in the Commercial Banking industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Loan Services - Income |
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Loans To Financial Businesses |
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Loans To Non-Financial Businesses |
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Loans To Governments |
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Residential Mortgage Loans |
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Home Equity Loans |
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Vehicle Loans, Consumer |
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All Other Secured Or Guaranteed Loans To Consumers |
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Unsecured Loans To Consumers |
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Credit Card Services - Income |
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Credit Card Services For Cardholders, Business And Government |
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Credit Card Services For Cardholders, Consumer |
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Credit Card Services For Merchants |
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Credit Card Association Products |
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Factoring Services - Fees |
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Leasing Services - Income |
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Operating Leases - Motor Vehicle |
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Operating Leases - Other |
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Finance Leases |
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Installment Credit Services - Income |
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Sales Financing, Business |
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Sales Financing, Consumer |
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Other Credit Financing Services - Income |
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Brokering And Dealing Services For Debt Instruments |
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Brokering And Dealing Services For Equities |
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Brokering And Dealing Services For Derivative Contracts |
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Brokering And Dealing Services For Investment Company Securities, Including Mutual Funds, Closed-End Funds, And Unit Investment |
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Financing Related To Securities |
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Trading Debt Instruments On Own Account - Net Gains (Losses) |
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Trading Other Securities And Commodity Contracts On Own Account - Net Gains (Losses) |
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Deposit Account Service Packages, Except Business |
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Separately-Priced Deposit Account Services, Except Business |
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Cash Handling And Management Services For Business |
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Document Payment Services |
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Foreign Currency Exchange Services - Fees |
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Trust Services - Fiduciary Fees |
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Trust Services For Businesses And Governments |
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Personal Trust Services |
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Other Trust Services |
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Automated Clearinghouse (Ach) Services - Fees |
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Financial Planning And Investment Management Services |
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Financial Management Consulting Services |
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Personal Financial Planning And Advice Services |
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Personal Investment Management Services |
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Other Products Supporting Financial Services - Fees |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Commercial Banking company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Commercial Banking industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Commercial Banking measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
|
| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
|
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 11% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Operations Specialties Managers | 6% | |||
| Business and Financial Operations Occupations | 26% | |||
| Business Operations Specialists | 6% | |||
| Financial Specialists | 20% | |||
| Credit Counselors and Loan Officers | 11% | |||
| Loan Officers | 11% | |||
| Computer and Mathematical Occupations | 7% | |||
| Computer Occupations | 6% | |||
| Sales and Related Occupations | 13% | |||
| Sales Representatives, Services | 10% | |||
| Securities, Commodities, and Financial Services Sales Agents | 10% | |||
| Securities, Commodities, and Financial Services Sales Agents | 10% | |||
| Office and Administrative Support Occupations | 42% | |||
| Financial Clerks | 18% | |||
| Tellers | 13% | |||
| Tellers | 13% | |||
| Information and Record Clerks | 17% | |||
| Customer Service Representatives | 7% | |||
| Customer Service Representatives | 7% | |||
| Loan Interviewers and Clerks | 7% | |||
| Loan Interviewers and Clerks | 7% | |||
Commercial Banking Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Commercial Banking industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Commercial Banking industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Commercial Banking industry. |
Source:
Innovation News
- May 31, 2024: First Oklahoma Holdings raises $7 million in funding.
- May 31, 2024: First Oklahoma Holdings raises $7 million in funding.
- May 09, 2024: Citizens Financial Group patents Data Intelligence Platform
- May 09, 2024: Citizens Financial Group patents Data Intelligence Platform
- Apr 18, 2024: Live Oak Banking patents Global Data Management Framework
- Apr 03, 2024: Torpago raises $10 million in funding.
- Jan 30, 2024: Citizens & Farmers Bank trademarks "C & F" - Banking services; online banking services; mobile banking services; checking account services; savings account services; credit card services; debit card services; individual retirement account services; credit and loan services; consumer lending services; providing vehicle loans, home equity loans, lines of credit loans and installment loans; mortgage lending; financing services; commercial lending services; consumer lending services; real estate lending services; financial services
- Jan 24, 2024: First Utah Bank trademarks "REDEFINING POSSIBLE. ONE RELATIONSHIP AT A TIME." - Banking services
- Jan 22, 2024: Citizens Financial Group trademarks "CITIZENS GROW" - Computer software
Recent Federal Contracts for Commercial Banking
- Mar 29, 2024: EDUCATIONAL COMPUTER SYSTEMS, INC. (Coraopolis, PA) awarded $29,029,290
- Mar 29, 2024: CITIBANK, N.A. (Sioux Falls, SD) awarded $10,000
- Mar 27, 2024: U.S. BANCORP (Minneapolis, MN) awarded $90,497
- Mar 26, 2024: MAXIMUS FEDERAL SERVICES, INC. (Mclean, VA) awarded $833,881,484
- Mar 25, 2024: UMB BANK, NATIONAL ASSOCIATION (Kansas City, MO) awarded $757,917
- Mar 07, 2024: U.S. BANK NATIONAL ASSOCIATION (Minneapolis, MN) awarded $9,320,000
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