Regional Banks & Thrifts Industry Financials

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Regional Banks & Thrifts Industry Financial Summary

The US banking system includes about 8,000 commercial banks, 1,400 savings banks, and 10,000 credit unions, with combined annual revenue of more than $600 billion. Large commercial banks include Bank of America, JPMorgan Chase, Citibank, and Wachovia. Washington Mutual and Navy Federal Credit Union are among the largest savings banks and credit unions, respectively. The industry is concentrated, except in the credit union segment: the 50 largest banks hold more than 60 percent of the market. The credit union segment is highly fragmented: commercial banks account for about 80 percent of industry revenue; savings banks, 14 percent; and credit unions, 6 percent.

Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Regional Banks & Thrifts industry.

NAICSNAICS DescriptionEstablishmentsSales, Receipts, or Shipments ($1,000)Annual Payroll ($1,000)Paid Employees
522110Commercial banking81,357$488,659,993$79,150,7291,737,056
522120Savings institutions16,744$77,459,937$10,109,162246,426
522130Credit unions16,295$37,050,065$6,466,086208,038
522190Other depository credit intermediation185$1,403,773$404,4935,149
522292Real estate credit19,234$75,479,073$17,680,832274,356
522310Mortgage & nonmortgage loan brokers17,041$14,123,022$5,261,535105,147
522320Financial transactions processing, reserve, & clearinghouse act2,962$28,175,353$5,395,195115,127
522390Other activities related to credit intermediation12,668$11,947,928$2,607,90473,761
523110Investment banking & securities dealing4,665$98,929,633$30,621,061131,882
523120Securities brokerage27,776$107,198,773$36,731,622350,063
523130Commodity contracts dealing944$3,043,532$615,4776,720
523140Commodity contracts brokerage1,413$3,064,103$1,079,46312,987
523910Miscellaneous intermediation6,848$11,293,082$3,381,93934,045
523920Portfolio management12,987$67,370,108$22,527,835175,406
523930Investment advice14,660$13,039,600$4,846,34861,409
523991Trust, fiduciary, & custody activities2,560$0$025
523999Miscellaneous financial investment activities455$0$05,000
524127Direct title insurance carriers4,375$12,805,302$3,431,30163,278
524210Insurance agencies & brokerages125,868$80,900,667$28,218,474627,346
524291Claims adjusting5,108$4,168,962$1,851,38239,782
524292Third party administration of insurance & pension funds5,108$18,098,102$5,837,492135,704
524298All other insurance related activities1,978$3,569,526$1,168,63424,828
531311Residential property managers26,112$18,793,480$8,129,715289,854
531312Nonresidential property managers12,129$12,297,703$5,521,674125,616
531320Offices of real estate appraisers13,770$4,611,696$1,557,04342,040
531390Other activities related to real estate14,533$8,238,695$2,853,74257,123
551111Offices of bank holding companies1,874$10,659,040$1,430,43725,750
 All NAICS Sectors449,649$1,212,381,148$286,879,5754,973,918

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