20 banks and thrifts with the most home equity loans

20 banks and thrifts with the most home equity loans

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The top five banks and thrifts with the largest portfolios of home equity loans had more than $94 million in loans combined for the third quarter of last year — more than half of the roughly $178 million amassed by the top 20 institutions.

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Discover Financial Services in Ridgewood, Illinois, posted the largest year-over-year change in total home equity loans, jumping from $3.9 million in the third quarter of 2023, to $6.1 million the following year. Other organizations with similar improvements include Third Federal Savings and Loan Association of Cleveland in Ohio with a 28% rise and First Citizens BancShares in Raleigh, North Carolina, with just over 22%.

Not all saw improvements, however. San Francisco-based Wells Fargo dropped by more than 15% across the same period, from $16.2 million in 2023 to $13.8 million last year. The New York-based Citigroup and Cleveland, Ohio-based KeyGroup recorded drops of roughly 11% and 9%, respectively.

See which organizations led the industry in home equity loans for the third quarter of 2024 below.

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Data courtesy of S&P.

Rank Company name City State 2024Q3 home equity loans ($000) 2023Q3 home equity loans ($000)

YOY change

(%)

 2024Q3 total loans & leases ($000)
1 Bank of America Corporation Charlotte NC $26,304 $26,123 0.7% $1,129,466
2 The PNC Financial Services Group, Inc. Pittsburgh PA $21,764 $21,251 2.4% $322,150
3 JPMorgan Chase & Co. New York NY $16,917 $17,799 -5.0% $1,393,281
4 Citizens Financial Group, Inc. Providence RI $15,862 $14,575 8.8% $142,563
5 Wells Fargo & Company San Francisco CA $13,764 $16,237 -15.2% $912,435
6 U.S. Bancorp Minneapolis MN $13,364 $12,879 3.8% $377,375
7 Truist Financial Corporation Charlotte NC $10,014 $10,596 -5.5% $304,362
8 Huntington Bancshares Incorporated Columbus OH $8,032 $7,835 2.5% $127,042
9 TD Group US Holdings LLC Wilmington DE $7,618 $6,939 9.8% $202,517
10 Discover Financial Services Riverwoods IL $6,046 $3,983 51.8% $126,999
11 BMO Financial Corp. Chicago IL $4,711 $4,699 0.3% $148,192
12 M&T Bank Corporation Buffalo NY $4,645 $4,726 -1.7% $136,017
13 Citigroup Inc. New York NY $4,460 $5,005 -10.9% $705,048
14 Fifth Third Bancorp Cincinnati OH $3,956 $3,751 5.5% $117,280
15 Third Federal Savings and Loan Association of Cleveland, MHC Cleveland OH $3,922 $3,063 28.0% $15,410
16 KeyCorp Cleveland OH $3,778 $4,165 -9.3% $106,676
17 Zions Bancorporation, National Association Salt Lake City UT $3,679 $3,408 8.0% $58,982
18 Regions Financial Corporation Birmingham AL $3,661 $3,634 0.7% $97,305
19 First Citizens BancShares, Inc. Raleigh NC $2,861 $2,343 22.1% $138,760
20 Cullen/Frost Bankers, Inc. San Antonio TX $2,339 $1,986 17.7% $20,055

Nguồn: https://marketeconomy.monster
Danh mục: News

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