United States State Banks Ranking 2024

SANTA CLARA, Calif. - Jan. 17, 2025 - PRLog -- RealRate Inc.

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Press Release

U.S. State Banks Ranking 2024

The new State Banks industry rating for 2024 has just been released by RealRate.

These are the top three State Banks companies in the U.S., measured by Economic Capital Ratio:

1.       FINWISE BANCORP – 27%

2.       BM TECHNOLOGIES INC. – 245%

3.       QCR HOLDINGS INC. – 236%

The complete rating of 139 State Banks companies is published at https://realrate.ai/rankings/

34 companies achieved the sought-after 'Top-Rated' seal.

Founded in 1999 and headquartered in Utah, FinWise provides Banking and Payments solutions to fintech brands. The Company is expanding and diversifying its business model by incorporating Payments (MoneyRails ™) and BIN Sponsorship offerings. Its current assets are $586 million.

Headquartered in Pennsylvania, and founded in 2015, BM Technologies is a technology company that provides banking services through its partner banks. It offers a mobile banking platform in the U.S. that provides access to checking and savings accounts, personal loans, and credit cards. It has total current assets of $54 million.

QCR Holdings Inc is a multi-bank holding company. The bank operates through segments namely Commercial Banking, Wealth Management, and all other segments. It was founded in 1993 and is based in Illinois. It has current assets of $8.5 billion.

CEO Dr. Holger Bartel: "State banks in the U.S. play a pivotal role in local economies by supporting small businesses, offering community-focused financial services, and driving regional development. With advancements in technology, these banks are increasingly adopting smart solutions, such as AI-driven credit analysis and digital banking platforms, to enhance customer experience and operational efficiency.

In 2024, state-chartered banks reported $250 billion in revenue, a 4% increase from the previous year, per the FDIC. Their adaptability drives this steady growth. State banks have long been the backbone of local economies, and with smart strategies in place, they are well-positioned to continue driving growth and prosperity for generations to come. As of 2025, these banks show resilience and growth amid economic challenges.

Superior financial strength is so important in the banking sector, given the recent turmoil at Silicon Valley Bank."

About RealRate:

RealRate is an international rating agency based in Santa Clara and Berlin, founded in 2021. Using cutting-edge explainable Artificial Intelligence, we provide fair company ratings, avoiding any conflicts of interest. Combining AI and expert knowledge, financial strength is evaluated based on published annual reports. RealRate provides rankings for dozens of industries, like insurance, IT, real estate, food, and pharma. Only the best-rated companies are awarded the RealRate Top-Rated seal.