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Banking

20 banks and thrifts with the most deposits

ByEditorial Staff
April 17, 2025 9:00 AM
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The top five banks in the ranking had combined deposits of more than $7.5 trillion as of Dec. 31. Fourteen out of the top 20 saw an increase in their deposits over the previous year, with State Street Bank seeing a rise of 18.5%.

Scroll through to see which banks and thrifts, listed by their U.S. headquarters, are in the top 20 and how they fared in the 12 months that ended in December. 

Source: S&P

Banks and thrifts with the most deposits in Q4

Rank Company name Total deposits
Q4 2024		 Total deposits
Q4 2023		 YOY change
20 First Citizens Bank $155,233,000,000 $145,864,661,000 6.40%
19 M&T Bank $161,088,502,000 $163,263,237,000 -1.30%
18 Huntington Bank $162,786,001,000 $151,475,658,000 7.50%
17 Fifth Third Bank $167,252,000,000 $168,912,000,000 -1.00%
16 Citizens Bank $175,280,416,000 $177,902,967,000 -1.50%
15 BMO $207,246,712,000 $204,780,461,000 1.20%
14 Charles Schwab $259,138,000,000 $289,967,000,000 -10.60%
13 State Street Bank $261,921,000,000 $220,970,000,000 18.50%
12 BNY $289,545,000,000 $283,694,000,000 2.10%
11 TD Bank $320,440,796,000 $329,664,441,000 -2.80%
10 Capital One $362,714,376,000 $348,419,295,000 4.10%
9 Morgan Stanley $376,009,000,000 $351,806,000,000 6.90%
8 Truist Bank $390,524,000,000 $395,883,000,000 -1.40%
7 PNC Bank $426,758,030,000 $421,439,869,000 1.30%
6 Goldman Sachs $432,061,000,000 $426,800,000,000 1.20%
5 U.S. Bank $518,309,000,000 $512,312,000,000 1.20%
4 Citibank $1,285,523,000,000 $1,308,681,000,000 -1.80%
3 Wells Fargo $1,371,857,000,000 $1,358,264,000,000 1.00%
2 Bank of America $1,965,467,000,000 $1,923,827,000,000 2.20%
1 JPMorgan Chase $2,406,032,000,000 $2,400,688,000,000 0.20%
Chart showing banks and thrifts with the most deposits, where First Citizens Bank ranked 20th.
Chart showing banks and thrifts with the most deposits, where M&T Bank ranked 19th.
Chart showing banks and thrifts with the most deposits, where Huntington Bank ranked 18th.
Chart showing banks and thrifts with the most deposits, where Fifth Third Bank ranked 17th.
Chart showing banks and thrifts with the most deposits, where Citizens Bank ranked 16th.
Chart showing banks and thrifts with the most deposits, where BMO ranked 15th.
Chart showing banks and thrifts with the most deposits, where Charles Schwab ranked 14th.
Chart showing banks and thrifts with the most deposits, where State Street Bank ranked 13th.
Chart showing banks and thrifts with the most deposits, where BNY ranked 12th.
Chart showing banks and thrifts with the most deposits, where TD Bank ranked 11th.
Chart showing banks and thrifts with the most deposits, where Capital One ranked 10th.
Chart showing banks and thrifts with the most deposits, where Morgan Stanley ranked 9th.
Chart showing banks and thrifts with the most deposits, where Truist Bank ranked 8th.
Chart showing banks and thrifts with the most deposits, where PNC Bank ranked 7th.
Chart showing banks and thrifts with the most deposits, where Goldman Sachs ranked 6th.
Chart showing banks and thrifts with the most deposits, where U.S. Bank ranked 5th.
Chart showing banks and thrifts with the most deposits, where Citibank ranked 4th.
Chart showing banks and thrifts with the most deposits, where Wells Fargo ranked 3rd.
Chart showing banks and thrifts with the most deposits, where Bank of America ranked 2nd.
Chart showing banks and thrifts with the most deposits, where JPMorgan Chase ranked 1st.
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