Which large banks ($50B+ in assets) outperformed in 2024?
Despite high interest rates and economic uncertainty, the top-performing banks with more than $50B in assets still outpaced peers — delivering a median ROAE of 14.31% vs. 9.95% for the asset tier overall.
First Citizens BancShares once again claimed the top spot, fueled by continued momentum from its 2023 acquisition of Silicon Valley Bank. The bank posted strong loan and deposit growth, one of the highest yields on assets in its tier, and faster noninterest income growth than peers.
Other top performers also stood out for:
- Growing noninterest income
- Posting loan growth of 4.10% vs. 2.10% for all large banks
- Growing core deposits faster than peers
The rankings, compiled by Capital Performance Group for American Banker, are based on three-year average return on average equity using year-end 2024 data.
See which large banks are leading the way — and how they’re achieving it.
