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In the third quarter of last year, the top five banks with the largest portfolios of commercial and industrial loans had more than $1.03 billion when combined — roughly 60% of the overall share of loans among the top 20 institutions.
The $156.4 billion-asset Regions Bank in Birmingham, Alabama, recorded a 5.3% drop year-over-year in its C&I loan portfolio, from roughly $32.6 million in 2023 to $30.9 million last year. Other banks that reported decreases in C&I portfolios include the $187.2 billion-asset KeyBank in Cleveland, Ohio, and the $220 billion-asset Citizens Bank in Providence, Rhode Island.
The $211.3 billion-asset M&T Bank in Buffalo, New York, posted the largest year-over-year change, with a 9.9% jump from $31.3 million in the third quarter of 2023 to $34.5 million in the same period the following year.
Read on to learn more about the top 20 banks with the most C&I loans for Q3 2024.
| Rank |
Company name |
City |
State |
2024Q3 C&I loans ($000) |
2023Q3 C&I loans ($000) |
YOY change (%) |
2024Q3 total loans & leases ($000) |
| 1 |
Bank of America |
Charlotte |
NC |
$335,078 |
$321,335 |
4.3% |
$1,129,466 |
| 2 |
JPMorgan Chase |
New York |
NY |
$211,220 |
$202,990 |
4.1% |
$1,393,281 |
| 3 |
Wells Fargo |
San Francisco |
CA |
$188,660 |
$192,651 |
-2.1% |
$912,435 |
| 4 |
Citibank |
New York |
NY |
$165,587 |
$163,092 |
1.5% |
$705,048 |
| 5 |
PNC Bank |
Pittsburgh |
PA |
$129,041 |
$126,361 |
2.1% |
$322,150 |
| 6 |
U.S. Bank |
Minneapolis |
MN |
$97,951 |
$99,846 |
-1.9% |
$377,375 |
| 7 |
Truist Bank |
Charlotte |
NC |
$74,522 |
$84,353 |
-11.7% |
$304,362 |
| 8 |
American Express |
New York |
NY |
$66,312 |
$62,155 |
6.7% |
$202,050 |
| 9 |
BMO |
Chicago |
IL |
$48,402 |
$49,385 |
-2.0% |
$148,192 |
| 10 |
Capital One Bank |
McLean |
VA |
$45,725 |
$46,918 |
-2.5% |
$320,338 |
| 11 |
Fifth Third Bank |
Cincinnati |
OH |
$43,210 |
$47,109 |
-8.3% |
$117,280 |
| 12 |
KeyBank |
Cleveland |
OH |
$41,866 |
$45,234 |
-7.4% |
$106,676 |
| 13 |
Goldman Sachs Group |
New York |
NY |
$38,019 |
$41,515 |
-8.4% |
$264,605 |
| 14 |
Citizens Bank |
Providence |
RI |
$37,785 |
$42,127 |
-10.3% |
$142,563 |
| 15 |
First Citizens Bank |
Raleigh |
NC |
$37,624 |
$37,579 |
0.1% |
$138,760 |
| 16 |
Huntington Bank |
Columbus |
OH |
$36,407 |
$34,390 |
5.9% |
$127,042 |
| 17 |
M&T Bank |
Buffalo |
NY |
$34,448 |
$31,338 |
9.9% |
$136,017 |
| 18 |
Ally |
Detroit |
MI |
$32,925 |
$31,758 |
3.7% |
$137,807 |
| 19 |
TD Bank |
Cherry Hill |
NJ |
$31,363 |
$31,941 |
-1.8% |
$202,517 |
| 20 |
Regions Bank |
Birmingham |
AL |
$30,854 |
$32,577 |
-5.3% |
$97,305 |
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