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
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 | 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 | JP Morgan 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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