About This Feature
Data feature produced by SNL's research groups in cooperation with the news department, leverages SNL's unrivaled data resources to highlight emerging trends and topics of interest.
Bank of America Corp. remained the largest bank in the United States at the end of 2010's first quarter, followed by JPMorgan Chase & Co. and Citigroup Inc.
The only change in the top 10 banks and thrifts was SunTrust Banks Inc. and Capital One Financial Corp. swapping spots, with SunTrust moving to No. 10 and Capital One moving to No. 9. American Express Co. had been included in the top 50 banks and thrifts list previously, but was excluded this quarter due to its deposits-to-assets ratio falling below the 25% threshold. First Citizens BancShares Inc. was the sole newcomer to the list, coming in at No. 44. Also noteworthy was OneWest Bank FSB, which jumped up four spots, resulting in a nine spot jump over the last 2 quarters. Both of these moves were propelled largely by government assisted deals, in which First Citizens acquired approximately $2.5 billion in assets, and OneWest acquired approximately $3.6 billion.
According to SNL Financial data, 33 of the top 50 banks and thrifts posted positive net income figures for the first quarter of 2010.
Click here to access the below table as an Excel spreadsheet.