A look at North America’s bank data can give a reader déjà vu, as the names that lead the region’s ranking have not changed much for some time.
JPMorgan is still the largest bank in the region by Tier 1 capital, with $208.11bn, followed by the same eight lenders from our 2016 ranking. Below these top positions, movement is minimal, although two new names join the top 25. Citizens Bank, in 21st place, and KeyCorp, in 24th, displace M&T Bank Corporation and Discover Financial Services from last year.
However, North America’s banking is far from stale and most of the top 25 lenders have improved their capital figures over the past year.
Canada gives a more animated picture. While Royal Bank of Canada remains the country’s largest lender with $41.25bn in Tier 1 capital, Toronto Dominion Bank overtakes Scotiabank in the list. A capital reduction sees Scotiabank down two places to 11th in the regional list, while Toronto Dominion replaces it in ninth place, helped by a capital expansion.
Michigan-based Chemical Financial Corporation, owner of Chemical Bank, leads the fastest movers table, having expanded its Tier 1 capital by 87.67%. Oklahoma’s Durant Bancorp closely follows, with an 81.05% increase, then Hope Bancorp (the holding company of California-headquartered Bank of Hope), with 71.03%. In addition to its 65 branches across the US serving small and medium-sized businesses, Bank of Hope also has a representative office in South Korea.
Credit card specialist American Express leads the return on capital table, while Rhode Island-based Citizens Bank is the highest new North American entrant in The Banker’s global Top 1000 rankings.
