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The top five bank holding companies in the ranking had combined business loan portfolios of more than $2.6 trillion as of Dec. 31. Several banks increased their loans over the previous year, with Charles Schwab seeing the largest increase at 33.2%.
Scroll through to see which bank holding companies, listed by their U.S. headquarters, are in the top 20 and how they fared in the 12 months ended December 2024.
Bank holding companies with the largest business loan portfolios
Rank |
Company |
City |
State |
Total business loans 2024 Q4 |
Total business loans 2023 Q4 |
20 |
American Express |
New York |
|
$69,232,000,000 |
$64,705,000,000 |
19 |
Citizens Bank |
Providence |
RI |
$70,745,797,000 |
$76,179,880,000 |
18 |
KeyCorp |
Cleveland |
|
$72,594,868,000 |
$78,023,585,000 |
17 |
Huntington Bank |
Columbus |
OH |
$73,247,042,000 |
$68,212,130,000 |
16 |
Fifth Third Bank |
Cincinnati |
|
$73,745,000,000 |
$73,171,000,000 |
15 |
M&T Bank |
Buffalo |
NY |
$88,252,682,000 |
$89,977,017,000 |
14 |
Charles Schwab |
Westlake |
TX |
$89,320,000,000 |
$67,057,000,000 |
13 |
Capital One |
McLean |
VA |
$101,459,310,000 |
$104,734,877,000 |
12 |
TD Bank |
Cherry Hill |
NJ |
$104,646,317,000 |
$108,902,956,000 |
11 |
BMO Bank |
Chicago |
|
$108,822,095,000 |
$111,512,760,000 |
10 |
First Citizens Bank |
Raleigh |
NC |
$112,207,000,000 |
$106,225,558,000 |
9 |
Truist Bank |
Charlotte |
NC |
$186,155,000,000 |
$192,703,000,000 |
8 |
U.S. Bank |
Minneapolis |
|
$192,433,000,000 |
$189,534,000,000 |
7 |
Morgan Stanley |
New York |
|
$194,310,000,000 |
$173,960,000,000 |
6 |
PNC Bank |
Pittsburgh |
|
$217,344,983,000 |
$220,839,568,000 |
5 |
Goldman Sachs |
New York |
|
$220,896,000,000 |
$205,105,000,000 |
4 |
Citibank |
New York |
|
$365,236,000,000 |
$362,713,000,000 |
3 |
Wells Fargo |
San Francisco |
|
$541,271,000,000 |
$551,364,000,000 |
2 |
Bank of America |
Charlotte |
NC |
$707,133,000,000 |
$654,988,000,000 |
1 |
JPMorgan Chase |
New York |
|
$788,382,000,000 |
$757,642,000,000 |
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