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20 banks and thrifts with the largest portfolios of mortgage backed securities

By Editorial Staff
August 29, 2024 5:30 AM
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The top five banks and thrifts in our ranking have combined mortgage-backed securities of more than $1.3 at the end of March. While most banks decreased their mortgage-backed securities this year, one saw an increase of 22.4%.

Scroll through to see which banks and thrifts made the top 20 and how they fared in the 12 months ending in March.

Top banks ranked by mortgage-backed securities

Rank Company name City State/territory

2024Q1 mortgage-backed securities*

($000)

2023Q1 mortgage-backed securities*

($000)

 YOY change (%)

2024Q1 total assets

($000)
1 Bank of America Charlotte NC 50,97,80,000 53,11,59,000 -4.0 3,27,38,03,000
2 Wells Fargo San Francisco  CA 28,36,27,000 27,99,76,000 1.3 1,95,91,60,000
3 Charles Schwab Westlake TX 20,63,87,000 23,37,58,000 -11.7 46,87,84,000
4 JPMorgan Chase New York  NY 20,02,11,000 20,80,80,000 -3.8 4,09,07,27,000
5 Citibank New York  NY 11,15,30,000 10,15,67,000 9.8 2,43,25,10,000
6 Truist Bank Charlotte NC 10,96,11,000 11,75,96,000 -6.8 53,49,59,000
7 U.S. Bank Minneapolis  MN 10,82,40,000 11,25,41,000 -3.8 68,36,06,000
8 PNC Bank Pittsburgh PA  7,37,17,827 7,92,89,946 -7.0 56,61,81,447
9 Morgan Stanley New York NY  6,89,21,000 7,13,02,000 -3.3 1,22,85,03,000
10 TD Bank Wilmington DE 6,66,32,664 7,32,23,031 -9.0 53,03,24,236
11 Capital One Bank McLean VA 6,56,88,158 6,95,26,288 -5.5 48,17,19,684
12 USAA San Antonio TX  5,51,47,000 5,83,55,000 -5.5 21,71,99,000
13 BNY New York NY  5,47,71,000 5,32,54,000 2.8 43,47,28,000
14 State Street Bank Boston MA  4,38,99,000 4,40,15,000 -0.3 33,80,03,000
15 Fifth Third Bank Cincinnati OH  3,46,55,000 3,65,71,000 -5.2 21,45,06,000
16 BMO Chicago IL  3,31,75,144 3,77,95,889 -12.2 29,55,75,074
17 KeyBank Cleveland OH  3,25,26,348 3,47,51,405 -6.4 18,75,30,705
18 Citizens Bank Providence RI 3,19,97,454 2,61,34,261 22.4 22,08,62,002
19 Huntington Bank Columbus OH 3,12,69,192 3,48,18,141 -10.2 19,35,18,785
20 Ameriprise Financial Minneapolis MN  2,74,72,706 2,41,35,213 13.8 17,98,42,656
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Ameriprise Financial ranked 20th with $27,472,706,000 in mortgage-backed securities.
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Huntington Bank ranked 19th with $31,269,192,000 in mortgage-backed securities.
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Citizens Bank ranked 18th with $31,997,454,000 in mortgage-backed securities.
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KeyBank ranked 17th with $32,526,348,000 in mortgage-backed securities.
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BMO ranked 16th with $33,175,144,000 in mortgage-backed securities.
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Fifth Third Bank ranked 15th with $34,655,000,000 in mortgage-backed securities.
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State Street Bank ranked 14th with $43,899,000,000 in mortgage-backed securities.
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BNY ranked 13th with $54,771,000,000 in mortgage-backed securities.
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USAA ranked 12th with $55,147,000,000 in mortgage-backed securities.
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Capital One Bank ranked 11th with $65,688,158,000 in mortgage-backed securities.
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TD Bank ranked 10th with $66,632,664,000 in mortgage-backed securities.
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Morgan Stanley ranked 9th with $68,921,000,000 in mortgage-backed securities.
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PNC Bank ranked 8th with $73,717,827,000 in mortgage-backed securities.
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U.S. Bank ranked 7th with $108,240,000,000 in mortgage-backed securities.
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Truist Bank ranked 6th with $109,611,000,000 in mortgage-backed securities.
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Citibank ranked 5th with $111,530,000,000 in mortgage-backed securities.
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JPMorgan Chase ranked 4th with $200,211,000,000 in mortgage-backed securities.
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Charles Schwab ranked 3rd with $206,387,000,000 in mortgage-backed securities.
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Wells Fargo ranked 2nd with $283,627,000,000 in mortgage-backed securities.
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Bank of America ranked 1st with $509,780,000,000 in mortgage-backed securities.
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