Industry Statistics and Trends
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $324.9bn in 2023.
Trends and Insights
Regional banks are smaller than commercial banks, but also have a wide geographical presence
- Regional banks consist of commercial banks within the Commercial Banking industry (IBISWorld report 52211) with a smaller scope of operations compared with some of its larger counterparts, such as Bank of America Corp., JPMorgan Chase and Co., Citigroup Inc. and Wells Fargo and Co.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
A stable economic landscape will boost loan volumes
- Following the economic uncertainty due to the COVID-19, the economy will return to a steady growth rate through the end of 2028.
Biggest companies in the Regional Banks in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Truist Financial Corporation | 23,914.0 | 7,494.5 | 31.3 | |
U S Bancorp | 22,668.4 | 10,053.6 | 44.4 | |
Pnc Financial Services Group, Inc. | 18,183.3 | 6,495.3 | 35.7 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Depository services and other noninterest-income generating products, Real estate loans and Commercial and industrial loans. Depository services and other noninterest-income generating products is the largest segment of the Regional Banks in the US.
Trends and Insights
Real estate loans are the industry's largest product segment
- Real estate loans include all consumer mortgage products. These may include loans secured by refinancing or lease financing.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Depository institutions in this industry have assets from $50.0 billion to $500.0 billion and provide services that include deposits, loans, leases, mortgages and credit cards, among others. Furthermore, regional banks do not have to be limited to operation in one state.
What's included in this industry?
Receiving deposits from customerIssuing consumer, commercial and industrial loansIssuing mortgagesCompanies
Truist Financial CorporationU S BancorpPnc Financial Services Group, Inc.Purchase this report to view all 4 major companies in this industry.
Related Terms
LOAN AND LEASE LOSS PROVISIOWRITE-DOWNSUBPRIME MORTGAGELOAN DEFAULTGENERATION YIndustry Code
NAICS 52212 - Regional Banks in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
In response to concerns of economic activity amid COVID-19, the Federal Reserve reduced the federal funds rate to near zero-bound levels. These measures have led regional ban...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Depository services and other noninterest-income generating services remain the industry’s largest product segment. Real estate loans also account for a significant portion o...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The geographic spread of regional banks is closely related to the distribution of population across the country. For this reason, regional banks choose to locate themselves t...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Regional banks compete extensively with other companies within the financial services sector for top-tier talent. Due to this, wage expenses for regional banks are high and e...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Truist Financial Corporation is one of the largest regional banks. The company operates primarily within credit card and money transferring departments.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Truist Financial Corporation's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of U S Bancorp's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Pnc Financial Services Group, Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Truist Financial Corporation, and factors influencing its performance in the industry
- Description and key data for U S Bancorp, and factors influencing its performance in the industry
- Description and key data for Pnc Financial Services Group, Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Regional banks are heavily regulated and encounter oversight from several regulatory agencies. Regional banks are also subject to federal regulations that have been recently ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Regional bank employees are well-educated workers, who often hold special designations that enable them to command even higher wages. The average salary earned by an employee...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Regional Banks in the US industry in United States in 2024?
The market size of the Regional Banks in the US industry in United States is $324.9bn in 2024.
How many businesses are there in the Regional Banks in the US industry in 2023?
There are 22 businesses in the Regional Banks in the US industry in United States, which has declined at a CAGR of 4.0 % between 2018 and 2023.
Has the Regional Banks in the US industry in United States grown or declined over the past 5 years?
The market size of the Regional Banks in the US industry in United States has been growing at a CAGR of 0.5 % between 2018 and 2023.
What is the forecast growth of the Regional Banks in the US industry in United States over the next 5 years?
Over the next five years, the Regional Banks in the US industry in United States is expected to grow.
What are the biggest companies in the Regional Banks in the US market in United States?
The biggest companies operating in the Regional Banks market in United States are Truist Financial Corporation, U S Bancorp and Pnc Financial Services Group, Inc.
What does the Regional Banks in the US in United States include?
Receiving deposits from customer and Issuing consumer, commercial and industrial loans are part of the Regional Banks in the US industry.
Which companies have the highest market share in the Regional Banks in the US in United States?
The company holding the most market share in United States is Truist Financial Corporation.
How competitive is the Regional Banks in the US industry in United States?
The level of competition is high and increasing in the Regional Banks in the US industry in United States.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Savings Banks & Thrifts in the US
- Credit Unions in the US
- Industrial Banks in the US
Complementors
- Loan Brokers in the US
International industries
- Global Commercial Banks
- Commercial Banking in Canada
- Banks in the UK
- Banks in Ireland
- Multiple Banking in Mexico
View all industries in United States
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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