20 bank holding companies with the largest business loan portfolios

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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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