Open Banking or FedNow: Where to Start?
September 14, 2023 | 2 min read
Where should financial institutions focus their energy first? We think investing in Open Banking should be the first priority.
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We've found that it's often harder than it should be to find data on banks in the United States. Because of this, we've compiled simple views on data, such as this one on asset size.
In this post we look at net quarterly income, pulled in April 2017. It's interesting to see the ways that this list differs from the list, linked above, on asset size.
Also see our guide to big data, here:
Biggest US Banks Listed by Net Quarterly Income - 2017
Rank | Name | Net Income - Quarterly (Millions) |
1 | JPMorgan Chase Bank | $5,598,000 |
2 | Wells Fargo Bank | $5,108,000 |
3 | Bank of America | $4,937,000 |
4 | Citibank | $3,372,000 |
5 | U.S. Bank National Association | $1,448,756 |
6 | PNC Bank | $774,472 |
7 | State Street Bank and Trust Company | $692,032 |
8 | Capital One Bank (USA) | $624,499 |
9 | Branch Banking and Trust Company | $619,435 |
10 | The Bank of New York Mellon | $600,000 |
11 | Morgan Stanley Bank | $562,000 |
12 | Discover Bank | $559,447 |
13 | Synchrony Bank | $502,989 |
14 | SunTrust Bank | $500,892 |
15 | American Express Bank, FSB. | $475,346 |
16 | Charles Schwab Bank | $417,000 |
17 | American Express Centurion Bank | $408,894 |
18 | Fifth Third Bank | $388,865 |
19 | Goldman Sachs Bank USA | $365,000 |
20 | TD Bank | $347,431 |
21 | Ally Bank | $341,537 |
22 | Regions Bank | $341,126 |
23 | Manufacturers and Traders | $332,718 |
24 | MUFG Union Bank | $324,438 |
25 | Chase Bank USA | $320,458 |
26 | The Northern Trust Company | $266,447 |
27 | KeyBank National Association | $258,762 |
28 | Citizens Bank | $245,240 |
29 | The Huntington National Bank | $236,318 |
30 | Capital One | $224,820 |
31 | Comerica Bank | $179,327 |
32 | First Republic Bank | $179,118 |
33 | UBS Bank USA | $168,294 |
34 | BMO Harris Bank National Association | $159,070 |
35 | Bank of the West | $148,691 |
36 | ZB | $143,156 |
37 | Morgan Stanley Private Bank | $134,000 |
38 | USAA Federal Savings Bank | $124,085 |
39 | FDS Bank | $121,970 |
40 | New York Community Bank | $115,125 |
41 | Signature Bank | $113,937 |
42 | Barclays Bank Delaware | $113,791 |
43 | East West Bank | $110,423 |
44 | Comenity Bank | $106,505 |
45 | Silicon Valley Bank | $105,199 |
46 | E*TRADE Bank | $100,635 |
47 | Bank of the Ozarks | $92,703 |
48 | Compass Bank | $86,810 |
49 | Frost Bank | $84,489 |
50 | City National Bank | $84,460 |
51 | Bank of America California | $83,000 |
52 | Pacific Western Bank | $81,398 |
53 | Wells Fargo Financial National Bank | $79,278 |
54 | Synovus Bank | $78,257 |
55 | Nordstrom fsb | $76,667 |
56 | Sallie Mae Bank | $74,741 |
57 | People's United Bank | $73,595 |
58 | Western Alliance Bank | $72,922 |
59 | Umpqua Bank | $72,620 |
60 | Commerce Bank | $70,906 |
61 | Prosperity Bank | $70,380 |
62 | MidFirst Bank | $69,301 |
63 | Raymond James Bank | $68,146 |
64 | Whitney Bank | $67,066 |
65 | BankUnited | $67,025 |
66 | First Tennessee Bank | $66,594 |
67 | Byline Bank | $65,339 |
68 | Wells Fargo Bank South Central | $64,989 |
69 | The PrivateBank and Trust Company | $63,764 |
70 | Associated Bank | $63,315 |
71 | Wells Fargo Bank Northwest | $63,022 |
72 | EverBank | $62,425 |
73 | Investors Bank | $61,274 |
74 | First Hawaiian Bank | $59,657 |
75 | FirstBank | $58,112 |
76 | BNY Mellon | $57,140 |
77 | Sun National Bank | $55,661 |
78 | Webster Bank | $55,210 |
79 | Chemical Bank | $53,031 |
80 | BOKF | $53,013 |
81 | Valley National Bank | $51,907 |
82 | TCF National Bank | $50,437 |
83 | First National Bank of Pennsylvania | $50,250 |
84 | Centennial Bank | $50,136 |
85 | Texas Capital Bank | $49,972 |
86 | Cathay Bank | $49,449 |
87 | MB Financial Bank | $48,855 |
88 | First-Citizens Bank & Trust Company | $48,281 |
89 | Mizuho Bank (USA) | $46,864 |
90 | Iberiabank | $45,993 |
91 | Citizens Bank of Pennsylvania | $45,923 |
92 | Bank of Hawaii | $43,477 |
93 | USAA Savings Bank | $42,792 |
94 | BMW Bank of North America | $42,371 |
95 | Bank of Hope | $42,192 |
96 | UMB Bank | $41,881 |
97 | Sterling National Bank | $41,512 |
98 | Washington Federal | $41,363 |
99 | TD Bank USA | $39,468 |
100 | BancorpSouth Bank | $38,942 |
101 | Old National Bank | $38,911 |
102 | Stifel Bank and Trust | $38,737 |
103 | Pinnacle Bank | $37,900 |
104 | Great Western Bank | $37,681 |
105 | Banc of California | $36,829 |
106 | First National Bank of Omaha | $36,073 |
107 | Deutsche Bank Trust Company Americas | $36,000 |
108 | Comenity Capital Bank | $35,699 |
109 | Bofi Federal Bank | $35,123 |
110 | PlainsCapital Bank | $34,425 |
111 | Credit One Bank | $34,154 |
112 | Glacier Bank | $34,043 |
113 | Optum Bank, Inc. | $33,496 |
114 | Flagstar Bank, FSB | $33,096 |
115 | WEX Bank | $32,837 |
116 | Merrick Bank | $32,748 |
117 | Arvest Bank | $32,258 |
118 | Cadence Bank, N.A. | $32,195 |
119 | Columbia State Bank | $31,073 |
120 | John Deere Financial, f.s.b. | $30,306 |
121 | Beal Bank, SSB | $30,263 |
122 | Simmons Bank | $30,111 |
123 | Trustmark National Bank | $29,465 |
124 | Bremer Bank | $29,460 |
125 | NexBank, SSB | $29,452 |
126 | Fulton Bank | $28,927 |
127 | Customers Bank | $28,824 |
128 | International Bank of Commerce | $28,480 |
129 | United Community Bank | $28,425 |
130 | The Bank of New York Mellon Trust Company | $28,251 |
131 | First Interstate Bank | $28,138 |
132 | Safra National Bank of New York | $28,101 |
133 | South State Bank | $28,094 |
134 | Citizens Business Bank | $27,795 |
135 | World's Foremost Bank | $27,628 |
136 | LegacyTexas Bank | $27,011 |
137 | First Midwest Bank | $26,736 |
138 | EagleBank | $26,489 |
139 | Florida Community Bank | $26,325 |
140 | First Financial Bank | $26,083 |
141 | FirstBank Puerto Rico | $25,939 |
142 | Renasant Bank | $25,545 |
143 | Northwest Bank | $25,443 |
144 | Community Bank | $25,321 |
145 | First Financial Bank | $25,193 |
146 | WesBanco Bank, Inc. | $25,022 |
147 | City National Bank of Florida | $23,862 |
148 | United Bank | $23,578 |
149 | First Security Bank | $23,323 |
150 | Banner Bank | $22,731 |
151 | Union Bank & Trust | $22,404 |
152 | Provident Bank | $22,374 |
153 | ServisFirst Bank | $22,320 |
154 | First Merchants Bank | $22,134 |
155 | Woodforest National Bank | $21,742 |
156 | Capitol Federal Savings Bank | $20,573 |
157 | Busey Bank | $20,381 |
158 | Astoria Bank | $20,254 |
159 | Union Savings Bank | $20,251 |
160 | Rockland Trust Company | $19,945 |
161 | Ameris Bank | $19,890 |
162 | Pinnacle Bank | $19,812 |
163 | InterBank | $19,491 |
164 | NBT Bank | $19,146 |
165 | Third Federal Savings and Loan Association of Cleveland | $19,064 |
166 | Towne Bank | $18,996 |
167 | First Commonwealth Bank | $18,986 |
168 | State Farm Bank, F.S.B. | $18,940 |
169 | Apple Bank for Savings | $18,758 |
170 | BancFirst | $18,669 |
171 | The Pitney Bowes Bank, Inc. | $18,418 |
172 | Scottrade Bank | $18,187 |
173 | Wells Fargo Bank, Ltd. | $18,135 |
174 | Wilmington Savings Fund Society, FSB | $18,131 |
175 | Flushing Bank | $18,130 |
176 | S&T Bank | $17,993 |
177 | Israel Discount Bank of New York | $17,875 |
178 | Farmers and Merchants Bank of Long Beach | $17,730 |
179 | Independent Bank | $17,305 |
180 | Bank of North Carolina | $17,213 |
181 | Rabobank | $17,000 |
182 | First United Bank and Trust Company | $16,982 |
183 | United Bank | $16,571 |
184 | Fremont Bank | $16,557 |
185 | Union Bank and Trust Company | $16,493 |
186 | American Savings Bank, FSB | $16,217 |
187 | The Park National Bank | $16,138 |
188 | CenterState Bank of Florida | $16,112 |
189 | Eastern Bank | $15,984 |
190 | United Bank | $15,954 |
191 | 1st Source Bank | $15,385 |
192 | Hanmi Bank | $15,306 |
193 | Enterprise Bank & Trust | $15,209 |
194 | Luther Burbank Savings | $15,170 |
195 | Mutual of Omaha Bank | $15,093 |
196 | Oriental Bank | $15,049 |
197 | Heartland Bank and Trust Company | $14,964 |
198 | Fidelity Bank | $14,960 |
199 | City National Bank of West Virginia | $14,938 |
200 | Bank of Colorado | $14,894 |
201 | Far East National Bank | $14,861 |
202 | Stockman Bank of Montana | $14,828 |
203 | Westamerica Bank | $14,766 |
204 | Fidelity Personal Trust Company, FSB | $14,348 |
205 | Lake City Bank | $14,161 |
206 | Bessemer Trust Company | $14,090 |
207 | Capital Bank Corporation | $13,984 |
208 | Sabadell United Bank | $13,872 |
209 | MainSource Bank | $13,651 |
210 | Sandy Spring Bank | $13,397 |
211 | Midland States Bank | $13,364 |
212 | Boston Private Bank & Trust Company | $13,312 |
213 | Pacific Premier Bank | $13,292 |
214 | Southside Bank | $13,259 |
215 | Central Pacific Bank | $13,070 |
216 | Great Southern Bank | $13,038 |
217 | Tri Counties Bank | $12,972 |
218 | Morton Community Bank | $12,906 |
219 | Lakeland Bank | $12,830 |
220 | Cardinal Bank | $12,806 |
221 | Amarillo National Bank | $12,789 |
222 | Lake Forest Bank and Trust Company | $12,722 |
223 | Banco Popular North America | $12,456 |
224 | Los Alamos National Bank | $12,391 |
225 | Washington Trust Bank | $12,318 |
226 | USAmeriBank | $12,305 |
227 | The Washington Trust Company, of Westerly | $12,283 |
228 | First Bank | $11,792 |
229 | Liberty Bank | $11,721 |
230 | SEI Private Trust Company | $11,643 |
231 | Community Trust Bank, Inc. | $11,470 |
232 | State Bank of Texas | $11,454 |
233 | Oritani Bank | $11,427 |
234 | Wintrust Bank | $11,339 |
235 | East Boston Savings Bank | $11,312 |
236 | Dollar Bank, Federal Savings Bank | $11,291 |
237 | TrustCo Bank | $11,157 |
238 | Berkshire Bank | $11,145 |
239 | Broadway National Bank | $11,129 |
240 | Seacoast National Bank | $11,088 |
241 | The Camden National Bank | $11,056 |
242 | American National Bank | $11,017 |
243 | Mechanics Bank | $11,007 |
244 | Bankers Trust Company | $10,850 |
245 | Inwood National Bank | $10,803 |
246 | Brookline Bank | $10,783 |
247 | Emigrant Bank | $10,779 |
248 | Stock Yards Bank & Trust Company | $10,717 |
249 | The Baraboo National Bank | $10,665 |
250 | State Bank and Trust Company | $10,608 |
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