The number of FDIC-insured commercial bank branches increased in 2023 for the first time since 2012. At the end of the year, there were 69,997 branches in the country, up from 69,905 a year earlier. In 2024, the downward trend observed prior to 2023 continued, with bank branches dropping to 68,632. After a period of growth from 2000 to 2008, the number of bank branches has been slowly diminishing. In 2024, JPMorgan Chase led the ranking of banks with the highest number of branches. What does the FDIC do? The FDIC (Federal Deposit Insurance Corporation) is an agency created by the United States Congress that guarantees the deposits in commercial banks up to 250,000 U.S. dollars. This protects depositors if the bank becomes insolvent. It also enables banks to issue more loans, since depositors may prefer banks that are insured by the FDIC. Trends in the banking industry While the number of branches has stayed relatively stable, the number of FDIC-insured commercial banks has declined in recent years. At the same time, online banking adoption has surged and is expected to grow even further. Some of the country's leading digital banks now serve over 10,000 users.

United States Number of FDIC Insured Inst: Annual: Commercial Banks data was reported at 4,918.000 Unit in 2017. This records a decrease from the previous number of 5,112.000 Unit for 2016. United States Number of FDIC Insured Inst: Annual: Commercial Banks data is updated yearly, averaging 13,312.500 Unit from Dec 1934 (Median) to 2017, with 84 observations. The data reached an all-time high of 14,496.000 Unit in 1984 and a record low of 4,918.000 Unit in 2017. United States Number of FDIC Insured Inst: Annual: Commercial Banks data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s USA – Table US.KB012: Financial Data: Federal Deposit Insurance Corporation: Insured Institutions.

United States FDIC Commercial Banks: Return on Equity data was reported at 11.147 % in Dec 2024. This records an increase from the previous number of 11.044 % for Sep 2024. United States FDIC Commercial Banks: Return on Equity data is updated quarterly, averaging 10.377 % from Dec 2001 (Median) to Dec 2024, with 93 observations. The data reached an all-time high of 15.530 % in Dec 2003 and a record low of -10.150 % in Dec 2008. United States FDIC Commercial Banks: Return on Equity data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s United States – Table US.KB: Performance and Condition Ratios.

Graph and download economic data for Deposits, All Commercial Banks (DPSACBW027SBOG) from 1973-01-03 to 2025-07-02 about deposits, banks, depository institutions, and USA.

As of the fourth quarter of 2022, Capital One, Citizens Bank, and PNC had the highest share of deposits below 250,000 U.S. dollars as a percentage of total deposits among the observed banks. Both Silicon Valley Bank (SVB) and Signature Bank had a disproportionately low share of deposits less than 250,000 U.S. dollars. As deposits below 250,000 U.S. dollars are typically insured by the Federal Deposit Insurance Corporation (FDIC), this means that both of these banks were highly exposed to risk of a bank run. The collapse of SVB and Signature Bank in March 2023 were among the largest bank failures in U.S. bank history.

United States FDIC Commercial Banks: Annual: Applicable Income Tax data was reported at 90.350 USD bn in 2017. This records an increase from the previous number of 68.958 USD bn for 2016. United States FDIC Commercial Banks: Annual: Applicable Income Tax data is updated yearly, averaging 2.642 USD bn from Dec 1936 (Median) to 2017, with 82 observations. The data reached an all-time high of 90.350 USD bn in 2017 and a record low of 2.000 USD mn in 1936. United States FDIC Commercial Banks: Annual: Applicable Income Tax data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s United States – Table US.KB040: Financial Data: Federal Deposit Insurance Corporation: Insured Commercial Banks.

Failures and Assistance Transactions of State Charter Fed Nonmember Commercial Banks Supervised by the FDIC (NM) for the United States and Other Areas was 0.00000 Number of Institutions in January of 2025, according to the United States Federal Reserve. Historically, Failures and Assistance Transactions of State Charter Fed Nonmember Commercial Banks Supervised by the FDIC (NM) for the United States and Other Areas reached a record high of 132.00000 in January of 1988 and a record low of 0.00000 in January of 1948. Trading Economics provides the current actual value, an historical data chart and related indicators for Failures and Assistance Transactions of State Charter Fed Nonmember Commercial Banks Supervised by the FDIC (NM) for the United States and Other Areas - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for National Rate: Savings (SNDR) from Apr 2021 to Jun 2025 about savings, deposits, rate, and USA.

United States FDIC Commercial Banks: Total Liabilities and Capital data was reported at 16,480.364 USD bn in Sep 2018. This records an increase from the previous number of 16,366.984 USD bn for Jun 2018. United States FDIC Commercial Banks: Total Liabilities and Capital data is updated quarterly, averaging 9,468.927 USD bn from Dec 1993 (Median) to Sep 2018, with 100 observations. The data reached an all-time high of 16,480.364 USD bn in Sep 2018 and a record low of 3,706.189 USD bn in Dec 1993. United States FDIC Commercial Banks: Total Liabilities and Capital data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s United States – Table US.KB040: Financial Data: Federal Deposit Insurance Corporation: Insured Commercial Banks.

The U.S. commercial banking industry's return on assets (ROA) has experienced dramatic shifts over two decades. Peaking at 1.37 percent in the first quarter of 2004, it plummeted to a historic low of -1.86 percent during the fourth quarter of 2008's global financial crisis. After a gradual recovery, the ROA stabilized around 1.2-1.3 percent in 2023, despite a decline to one percent in the final quarter. Throughout 2024, U.S. banks demonstrated relative consistency, with ROA fluctuating between 0.95 and 1.04 percent. In contrast, the European banking industry maintained a lower performance, with ROA averaging 0.5-0.7 percent during the same period. Steady growth amidst fluctuations in net operating income Despite the lowest quarterly net operating income of the U.S. banking industry being measured in the fourth quarter of 2008, at a negative 35 billion U.S. dollars, the average quarterly income of all FDIC-insured institutions grew steadily after the global financial crisis, experiencing a sharp decrease due to the COVID-19 pandemic in the first half of 2020. After 2021, the industry saw another steady decrease in its quarterly income until it started to increase again towards the end of 2022. In 2023, the bank with the highest reported revenue was JPMorgan Chase. Stability and resilience in capital adequacy The common equity tier 1 (CET1) ratio of the U.S. commercial banking industry has shown resilience, with an upward trajectory throughout 2024. Despite sharp decreases due to global financial crises and the COVID-19 pandemic, the industry has demonstrated stability and gradual recovery in its capital adequacy.

United States FDIC Commercial Banks: Other Real Estate Owned data was reported at 7.602 USD bn in Mar 2018. This records a decrease from the previous number of 7.906 USD bn for Dec 2017. United States FDIC Commercial Banks: Other Real Estate Owned data is updated quarterly, averaging 7.284 USD bn from Dec 1993 (Median) to Mar 2018, with 98 observations. The data reached an all-time high of 47.262 USD bn in Sep 2010 and a record low of 2.764 USD bn in Mar 2000. United States FDIC Commercial Banks: Other Real Estate Owned data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s USA – Table US.KB013: Financial Data: Federal Deposit Insurance Corporation: Insured Commercial Banks.

Graph and download economic data for National Rate: Interest Checking (ICNDR) from Apr 2021 to Jun 2025 about checkable, deposits, interest, rate, and USA.

Detail on historical bank failures from 1934 to present.

United States FDIC Commercial Banks: Deposits data was reported at 12,570.912 USD bn in Mar 2018. This records an increase from the previous number of 12,467.533 USD bn for Dec 2017. United States FDIC Commercial Banks: Deposits data is updated quarterly, averaging 6,145.417 USD bn from Dec 1993 (Median) to Mar 2018, with 98 observations. The data reached an all-time high of 12,570.912 USD bn in Mar 2018 and a record low of 2,754.332 USD bn in Dec 1993. United States FDIC Commercial Banks: Deposits data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s USA – Table US.KB013: Financial Data: Federal Deposit Insurance Corporation: Insured Commercial Banks.

The U.S. banking industry recorded its lowest quarterly net operating income during the fourth quarter of 2008, posting a loss of 35.7 billion U.S. dollars amid the global financial crisis. In subsequent years, the average quarterly income of FDIC-insured institutions showed an overall upward trend, despite periodic fluctuations. The COVID-19 pandemic triggered a sharp decline in earnings during the first half of 2020, though the sector recovered and stabilized by late 2021. Following this recovery, the industry experienced another period of declining quarterly income. However, earnings began to rebound toward the end of 2022. In the second quarter of 2024, the quarterly net income was 71.5 billion U.S. dollars.

United States FDIC Commercial Banks: Total Loans and Leases data was reported at 9,046.483 USD bn in Mar 2018. This records an increase from the previous number of 9,005.696 USD bn for Dec 2017. United States FDIC Commercial Banks: Total Loans and Leases data is updated quarterly, averaging 5,439.252 USD bn from Dec 1993 (Median) to Mar 2018, with 98 observations. The data reached an all-time high of 9,046.483 USD bn in Mar 2018 and a record low of 2,149.733 USD bn in Dec 1993. United States FDIC Commercial Banks: Total Loans and Leases data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s USA – Table US.KB013: Financial Data: Federal Deposit Insurance Corporation: Insured Commercial Banks.

United States FDIC Commercial Banks: Interest Expenses data was reported at 21.630 USD bn in Mar 2018. This records an increase from the previous number of 19.307 USD bn for Dec 2017. United States FDIC Commercial Banks: Interest Expenses data is updated quarterly, averaging 30.581 USD bn from Dec 1993 (Median) to Mar 2018, with 98 observations. The data reached an all-time high of 81.052 USD bn in Dec 2007 and a record low of 9.931 USD bn in Sep 2015. United States FDIC Commercial Banks: Interest Expenses data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s USA – Table US.KB013: Financial Data: Federal Deposit Insurance Corporation: Insured Commercial Banks.

United States FDIC Commercial Banks: Goodwill and other Intangibles data was reported at 377.121 USD bn in Mar 2018. This records an increase from the previous number of 372.013 USD bn for Dec 2017. United States FDIC Commercial Banks: Goodwill and other Intangibles data is updated quarterly, averaging 320.401 USD bn from Dec 1993 (Median) to Mar 2018, with 98 observations. The data reached an all-time high of 452.259 USD bn in Sep 2008 and a record low of 18.027 USD bn in Dec 1993. United States FDIC Commercial Banks: Goodwill and other Intangibles data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s USA – Table US.KB013: Financial Data: Federal Deposit Insurance Corporation: Insured Commercial Banks.

United States FDIC Commercial Banks: All other Liabilities data was reported at 502.762 USD bn in Jun 2018. This records an increase from the previous number of 475.426 USD bn for Mar 2018. United States FDIC Commercial Banks: All other Liabilities data is updated quarterly, averaging 438.970 USD bn from Dec 1993 (Median) to Jun 2018, with 99 observations. The data reached an all-time high of 728.865 USD bn in Dec 2008 and a record low of 120.074 USD bn in Dec 1993. United States FDIC Commercial Banks: All other Liabilities data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s USA – Table US.KB040: Financial Data: Federal Deposit Insurance Corporation: Insured Commercial Banks.

United States FDIC Commercial Banks: Net Income data was reported at 51.903 USD bn in Mar 2018. This records an increase from the previous number of 22.809 USD bn for Dec 2017. United States FDIC Commercial Banks: Net Income data is updated quarterly, averaging 23.070 USD bn from Dec 1993 (Median) to Mar 2018, with 98 observations. The data reached an all-time high of 51.903 USD bn in Mar 2018 and a record low of -29.509 USD bn in Dec 2008. United States FDIC Commercial Banks: Net Income data remains active status in CEIC and is reported by Federal Deposit Insurance Corporation. The data is categorized under Global Database’s USA – Table US.KB013: Financial Data: Federal Deposit Insurance Corporation: Insured Commercial Banks.