20 banks and thrifts with the most assets

April 29, 2025 10:45 AM

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The top five banks in the ranking had combined assets of more than $13 trillion as of Dec. 31, 2024. Thirteen of the top 20 increased their assets over the previous year, with State Street Bank seeing a rise of 18.8%. Of the companies that saw their assets shrink, the year-on-year declines ranged from 0.1% to 2.7%.

Scroll through to see which banks and thrifts are in the top 20 and how they fared.

Source: S&P

Banks and thrifts with the most assets in Q4 2024

Rank	Company name	Total assets 2024 Q4	Total assets 2023 Q4	YOY change
20	Citizens Bank	$217,935,962,000	$222,411,872,000	-2%
19	USAA	$220,758,000,000	$212,035,000,000	4.1%
18	First Citizens Bank	$223,720,000,000	$213,766,628,000	4.7%
17	HSBC	$230,029,621,000	$219,645,444,000	4.7%
16	American Express	$271,461,000,000	$261,108,000,000	4.0%
15	BMO	$292,580,781,000	$292,770,606,000	-0.1%
14	State Street Bank	$353,240,000,000	$297,258,000,000	18.8%
13	BNY	$416,064,000,000	$409,982,000,000	1.5%
12	Charles Schwab	$479,843,000,000	$493,178,000,000	-2.7%
11	Capital One	$490,144,032,000	$478,464,223,000	2.4%
10	Truist Bank	$531,176,000,000	$535,367,000,000	-0.8%
9	TD Bank	$540,335,000,000	$523,282,432,000	3.3%
8	PNC Bank	$560,050,977,000	$561,599,813,000	-0.3%
7	U.S. Bank	$678,318,000,000	$663,491,000,000	2.2%
6	Morgan Stanley	$1,215,071,000,000	$1,193,693,000,000	1.8%
5	Goldman Sachs	$1,675,972,000,000	$1,641,594,000,000	2.1%
4	Wells Fargo	$1,929,845,000,000	$1,932,472,000,000	-0.1%
3	Citibank	$2,352,945,000,000	$2,411,834,000,000	-2.4%
2	Bank of America	$3,261,789,000,000	$3,180,151,000,000	2.6%
1	JPMorgan Chase	$4,002,814,000,000	$3,875,393,000,000	3.3%