Regional Banks & Thrifts

FLAGSHIP

Regional and community banks and savings institutions.

Companies

328

With a moat

11%

Average quality

0 wide moat · 35 narrow moat · 292 no moat · Open in screener →

Updated 27 Sep 2026

Regional Banks & Thrifts covers regional and community banks and savings institutions. MoatScope covers 331 companies here, one of the largest industries in the universe. None has a wide moat; 35 have a narrow moat and 296 none.

How the industry makes money

Regional banks gather deposits from local households and businesses and lend them out as business loans, commercial real-estate loans, mortgages and consumer credit. They earn the spread between what they pay on deposits and what they charge on loans, plus fees from payments, treasury services and wealth management.

Where the moats are

Switching costs appear in 23 of the 35 moat-rated banks, because businesses rarely move the operating accounts their payments run through. Cost advantages from cheap, stable core deposits appear in 20, and local relationships and brands count as intangible assets in 13.

The narrow-moat group includes M&T Bank, Fifth Third, First Citizens, Regions, Huntington and KeyCorp. The great majority of community banks carry no moat, as do larger regionals such as Citizens, Webster and First Horizon.

What wears moats down

Commercial real-estate loans can sour in a downturn, competition from online banks and money-market funds pushes up deposit costs, and rate cycles squeeze the spread. Regulatory and technology costs weigh more heavily on smaller banks, which is one reason the industry keeps consolidating.

What the quality scores say

The industry averages 46 on MoatScope's quality scale. Among the narrow-moat banks, KeyCorp scores 60 and Huntington 58.

What to watch

Net interest margins and deposit costs.
Commercial real-estate credit quality.
Mergers among regional and community banks.

Moat ratings and quality scores on this page update as companies report. Price versus fair value for every company in the industry is in the screener.

Markets

MoatScope splits Regional Banks & Thrifts into 3 markets. Each table ranks the businesses in one market by net revenue and shows each one's share of the market's total: companies filed under this industry, the segments of companies filed elsewhere that compete in it, and the largest companies MoatScope doesn't cover, such as private companies and companies listed outside the US. Each market's total comes from a cited source and covers the geography its businesses compete in (a national market counts only US revenue). A company that runs several businesses is split by the segments it reports.

US regional banks

US banks with net revenue of $1 billion or more.

US market · $1.18T total net revenue in 2025 · source: FDIC Quarterly Banking Profile Q4 2025. Shares are of the whole market, including companies MoatScope doesn't cover; company revenue is for the fiscal year closest to 2025. Shares are of all US banking (banks and credit unions); this table lists one size tier, so "all other companies" includes the other tiers.

#	Business	Market share	Net revenue
1	MTB · M&T BANK CORP	0.8%	$9.7B
2	FCNCA · FIRST CITIZENS BANCSHARES INC /DE/	0.8%	$9.5B
3	FITB · FIFTH THIRD BANCORP	0.8%	$9.0B
4	CFG · CITIZENS FINANCIAL GROUP INC/RI	0.7%	$8.2B
5	HBAN · HUNTINGTON BANCSHARES INC /MD/	0.7%	$8.2B
6	RF · REGIONS FINANCIAL CORP	0.6%	$7.5B
7	KEY · KEYCORP /NEW/	0.6%	$7.5B
8	ALLY · Ally Financial Inc.	0.5%	$6.4B
9	WAL · WESTERN ALLIANCE BANCORPORATION	0.3%	$3.5B
10	FHN · FIRST HORIZON CORP	0.3%	$3.4B
	All other companies	88.9%	$1.05T

US community banks & thrifts

US banks and savings institutions with net revenue under $1 billion.

#	Business	Market share	Net revenue
1	RNST · RENASANT CORP	<0.1%	$986M
2	WSBC · WESBANCO INC	<0.1%	$981M
3	FFBC · FIRST FINANCIAL BANCORP /OH/	<0.1%	$899M
4	FHB · FIRST HAWAIIAN, INC.	<0.1%	$881M
5	PFS · PROVIDENT FINANCIAL SERVICES INC	<0.1%	$870M
6	INDB · INDEPENDENT BANK CORP	<0.1%	$858M
7	IBOC · INTERNATIONAL BANCSHARES CORP	<0.1%	$842M
8	CASH · PATHWARD FINANCIAL, INC.	<0.1%	$840M
9	CUBI · Customers Bancorp, Inc.	<0.1%	$818M
10	CBU · COMMUNITY FINANCIAL SYSTEM, INC.	<0.1%	$818M
	All other companies	94.9%	$1.12T

Latin American & other foreign banks

Banks headquartered outside the US.

11 businesses MoatScope covers, ranked by net revenue. These companies compete in different national markets, so there's no single market to take a share of. These banks compete in their own countries, so there's no single market to take a share of.

#	Business	Net revenue
1	AVAL · Grupo Aval Acciones Y Valores S.A.	$11.2B
2	BBAR · Banco BBVA Argentina S.A.	$3.2B
3	BMA · Macro Bank Inc.	$2.4B
4	IFS · Intercorp Financial Services Inc.	$1.9B
5	INTR · Inter & Co, Inc.	$1.1B
6	FBP · FIRST BANCORP /PR/	$1.0B
7	OFG · OFG BANCORP	$731M
8	SUPV · Grupo Supervielle S.A.	$592M
9	NTB · Bank of N.T. Butterfield & Son Ltd	$364M
10	BLX · FOREIGN TRADE BANK OF LATIN AMERICA, INC.	$304M

Companies

Company	Moat	Quality	Market
FITB FIFTH THIRD BANCORP	Narrow	55	US regional banks	0.8%	$45.8B
MTB M&T BANK CORP	Narrow	54	US regional banks	0.8%	$30.9B
HBAN HUNTINGTON BANCSHARES INC /MD/	Narrow	58	US regional banks	0.7%	$30.8B
CFG CITIZENS FINANCIAL GROUP INC/RI	None	46	US regional banks	0.7%	$26.4B
FCNCA FIRST CITIZENS BANCSHARES INC /DE/	Narrow	51	US regional banks	0.8%	$23.7B
RF REGIONS FINANCIAL CORP	Narrow	43	US regional banks	0.6%	$23.2B
KEY KEYCORP /NEW/	Narrow	60	US regional banks	0.6%	$21.3B
EWBC EAST WEST BANCORP INC	Narrow	57	US regional banks	0.2%	$17.2B
PNFP Pinnacle Financial Partners, Inc.	None	48	US regional banks	0.2%	$14.2B
WBS WEBSTER FINANCIAL CORP	None	51	US regional banks	0.2%	$12.6B
ALLY Ally Financial Inc.	Narrow	41	US regional banks	0.5%	$11.4B
FHN FIRST HORIZON CORP	None	51	US regional banks	0.3%	$10.8B
UMBF UMB FINANCIAL CORP	Narrow	59	US regional banks	0.2%	$9.8B
SSB SouthState Bank Corp	None	35	US regional banks	0.2%	$9.8B
WTFC WINTRUST FINANCIAL CORP	Narrow	62	US regional banks	0.2%	$9.6B
CFR CULLEN/FROST BANKERS, INC.	Narrow	61	US regional banks	0.2%	$9.5B
ONB OLD NATIONAL BANCORP /IN/	None	40	US regional banks	0.2%	$9.5B
ZION ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/	None	56	US regional banks	0.3%	$9.2B
BMA Macro Bank Inc.	Narrow	60	Latin American & other foreign banks	—	$8.3B
PB PROSPERITY BANCSHARES INC	None	43	US regional banks	0.1%	$8.1B
WAL WESTERN ALLIANCE BANCORPORATION	None	42	US regional banks	0.3%	$8.0B
COLB COLUMBIA BANKING SYSTEM, INC.	None	50	US regional banks	0.2%	$8.0B
CBSH COMMERCE BANCSHARES INC /MO/	Narrow	65	US regional banks	0.1%	$7.9B
CBC Central Bancompany, Inc.	Narrow	44	US regional banks	<0.1%	$7.8B
BOKF BOK FINANCIAL CORP	Narrow	56	US regional banks	0.2%	$7.5B
VLY VALLEY NATIONAL BANCORP	None	36	US regional banks	0.2%	$6.9B
UBSI UNITED BANKSHARES INC/WV	None	45	US regional banks	0.1%	$6.3B
FNB FNB CORP/PA/	None	43	US regional banks	0.1%	$6.0B
IFS Intercorp Financial Services Inc.	None	43	Latin American & other foreign banks	—	$6.0B
HOMB HOME BANCSHARES INC	Narrow	56	US regional banks	<0.1%	$5.8B
HWC HANCOCK WHITNEY CORP	None	48	US regional banks	0.1%	$5.8B
GBCI GLACIER BANCORP, INC.	None	52	US regional banks	<0.1%	$5.7B
ASB ASSOCIATED BANC-CORP	None	41	US regional banks	0.1%	$5.4B
AUB Atlantic Union Bankshares Corp	None	46	US regional banks	0.1%	$5.4B
ABCB Ameris Bancorp	None	45	US regional banks	0.1%	$5.3B
AX Axos Financial, Inc.	None	62	US regional banks	0.1%	$5.0B
AVAL Grupo Aval Acciones Y Valores S.A.	None	24	Latin American & other foreign banks	—	$4.9B
EBC Eastern Bankshares, Inc.	None	50	US community banks & thrifts	<0.1%	$4.8B
WBHC WILSON BANK HOLDING CO	Narrow	65	US community banks & thrifts	<0.1%	$4.7B
FLG FLAGSTAR BANK, NATIONAL ASSOCIATION	None	29	US regional banks	0.2%	$4.5B
TFSL TFS Financial CORP	Narrow	51	US community banks & thrifts	<0.1%	$4.5B
FFIN FIRST FINANCIAL BANKSHARES INC	None	53	US community banks & thrifts	<0.1%	$4.3B
FULT FULTON FINANCIAL CORP	None	42	US regional banks	0.1%	$4.2B
IBOC INTERNATIONAL BANCSHARES CORP	None	51	US community banks & thrifts	<0.1%	$4.1B
UCB UNITED COMMUNITY BANKS INC	Narrow	65	US regional banks	<0.1%	$4.1B
CATY CATHAY GENERAL BANCORP	None	57	US community banks & thrifts	<0.1%	$4.0B
TCBI TEXAS CAPITAL BANCSHARES INC/TX	None	45	US regional banks	0.1%	$3.9B
FBP FIRST BANCORP /PR/	None	64	Latin American & other foreign banks	—	$3.9B
WSFS WSFS FINANCIAL CORP	Narrow	53	US regional banks	<0.1%	$3.9B
CVBF CVB FINANCIAL CORP	None	40	US community banks & thrifts	<0.1%	$3.8B
INDB INDEPENDENT BANK CORP	None	46	US community banks & thrifts	<0.1%	$3.8B
BANF BANCFIRST CORP /OK/	None	53	US community banks & thrifts	<0.1%	$3.6B
RNST RENASANT CORP	None	49	US community banks & thrifts	<0.1%	$3.6B
WSBC WESBANCO INC	Narrow	53	US community banks & thrifts	<0.1%	$3.6B
NIC NICOLET BANKSHARES INC	Narrow	61	US community banks & thrifts	<0.1%	$3.4B
FIBK FIRST INTERSTATE BANCSYSTEM INC	Narrow	52	US regional banks	<0.1%	$3.3B
FFBC FIRST FINANCIAL BANCORP /OH/	None	49	US community banks & thrifts	<0.1%	$3.3B
SFNC SIMMONS FIRST NATIONAL CORP	None	32	US community banks & thrifts	<0.1%	$3.2B
PRK PARK NATIONAL CORP /OH/	None	62	US community banks & thrifts	<0.1%	$3.2B
MCHB Mechanics Bancorp	None	52	US community banks & thrifts	<0.1%	$3.2B
CBU COMMUNITY FINANCIAL SYSTEM, INC.	None	62	US community banks & thrifts	<0.1%	$3.1B
SBCF SEACOAST BANKING CORP OF FLORIDA	None	43	US community banks & thrifts	<0.1%	$3.1B
FHB FIRST HAWAIIAN, INC.	None	58	US community banks & thrifts	<0.1%	$3.0B
BKU BankUnited, Inc.	None	49	US regional banks	<0.1%	$2.9B
PFS PROVIDENT FINANCIAL SERVICES INC	None	57	US community banks & thrifts	<0.1%	$2.9B
BANC BANC OF CALIFORNIA, INC.	None	33	US regional banks	<0.1%	$2.7B
BOH BANK OF HAWAII CORP	None	55	US community banks & thrifts	<0.1%	$2.7B
NBTB NBT BANCORP INC	None	55	US community banks & thrifts	<0.1%	$2.6B
TRMK TRUSTMARK CORP	None	50	US community banks & thrifts	<0.1%	$2.6B
FBK FB Financial Corp	None	43	US community banks & thrifts	<0.1%	$2.6B
BBAR Banco BBVA Argentina S.A.	Narrow	53	Latin American & other foreign banks	—	$2.6B
INTR Inter & Co, Inc.	None	54	Latin American & other foreign banks	—	$2.5B
CUBI Customers Bancorp, Inc.	None	44	US community banks & thrifts	<0.1%	$2.5B
FBNC FIRST BANCORP /NC/	None	53	US community banks & thrifts	<0.1%	$2.5B
FRME FIRST MERCHANTS CORP	None	44	US community banks & thrifts	<0.1%	$2.5B
BUSE FIRST BUSEY CORP /NV/	None	52	US community banks & thrifts	<0.1%	$2.4B
SYBT Stock Yards Bancorp, Inc.	Narrow	57	US community banks & thrifts	<0.1%	$2.4B
BBT Beacon Financial Corp	None	43	US community banks & thrifts	<0.1%	$2.3B
FIISO FINANCIAL INSTITUTIONS INC	None	34	US community banks & thrifts	<0.1%	$2.3B
BANR BANNER CORP	None	43	US community banks & thrifts	<0.1%	$2.3B
NTB Bank of N.T. Butterfield & Son Ltd	Narrow	74	Latin American & other foreign banks	—	$2.2B
MBIN Merchants Bancorp	None	21	US community banks & thrifts	<0.1%	$2.2B
NWBI Northwest Bancshares, Inc.	None	48	US community banks & thrifts	<0.1%	$2.2B
EFSC ENTERPRISE FINANCIAL SERVICES CORP	None	45	US community banks & thrifts	<0.1%	$2.1B
SFBS ServisFirst Bancshares, Inc.	None	54	US community banks & thrifts	<0.1%	$2.1B
WAFD WAFD INC	None	52	US community banks & thrifts	<0.1%	$2.1B
HTH Hilltop Holdings Inc.	None	29	US regional banks	0.1%	$2.1B
BLX FOREIGN TRADE BANK OF LATIN AMERICA, INC.	Narrow	40	Latin American & other foreign banks	—	$2.1B
SRCE 1ST SOURCE CORP	Narrow	64	US community banks & thrifts	<0.1%	$2.1B
OFG OFG BANCORP	None	53	Latin American & other foreign banks	—	$2.0B
FCF FIRST COMMONWEALTH FINANCIAL CORP /PA/	Narrow	60	US community banks & thrifts	<0.1%	$2.0B
TBBK Bancorp, Inc.	None	64	US community banks & thrifts	<0.1%	$2.0B
CHCO CITY HOLDING CO	None	59	US community banks & thrifts	<0.1%	$2.0B
GABC GERMAN AMERICAN BANCORP, INC.	None	58	US community banks & thrifts	<0.1%	$1.9B
RBCAA REPUBLIC BANCORP INC /KY/	None	59	US community banks & thrifts	<0.1%	$1.8B
STBA S&T BANCORP INC	Narrow	55	US community banks & thrifts	<0.1%	$1.7B
DCOM Dime Community Bancshares, Inc. /NY/	None	52	US community banks & thrifts	<0.1%	$1.7B
HOPE HOPE BANCORP INC	None	50	US community banks & thrifts	<0.1%	$1.7B
BY BYLINE BANCORP, INC.	None	46	US community banks & thrifts	<0.1%	$1.7B
NBHC National Bank Holdings Corp	None	51	US community banks & thrifts	<0.1%	$1.7B

Showing the 100 largest of 328.

Market share is a company's net revenue (net interest income plus non-interest income) in its main market (Market column) as a share of that market's total: every company in it, including private companies and companies listed outside the US (sources under each market above). Revenue is for the fiscal year closest to 2025, and a market that is national (such as US banking) counts only US revenue. Companies that run several businesses are split by the segments they report, and each segment counts in its own market. A dash means the market has no reliable total yet, or no revenue was reported for that year.

Price versus fair value for every company is in the screener.

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