Commercial Banking Revenue Benchmarks

How much does the average commercial banking business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$119.0M

per year

💰

Profit Margin

15.0%

industry average

📈

Revenue / Employee

$332K

per year

👤

Total Businesses

4,260

in the US

🏢

Est. Owner Income

$17.8M

small business avg

💵

Labor Cost

30.0%

of revenue

👥

Avg Employee Wage

$114K

per year (BLS)

💼

Market Saturation

1.3

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$908K
5-9 employees
$1.6M
10-19 employees
$2.8M
20-99 employees
$10.6M
100-499 employees
$47.8M
500+ employees
$1.5B

🏆 Highest Revenue States

1.North Carolina$307.8M avg2.New York$240.4M avg3.California$232.4M avg4.Massachusetts$212.6M avg5.Delaware$173.9M avg6.New Jersey$150.6M avg7.Ohio$131.8M avg8.Florida$116.1M avg9.Arizona$111.4M avg10.Pennsylvania$99.2M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

4.85%

openings/year

Closure Rate

4.96%

closings/year

Net Job Growth

+5.15%

annual

Businesses Closed

273

in 2023

Firm Count Trend

19
20
21
22
23
10,005 firms8,926 firms

💡 Should You Start a Commercial Banking Business?

Startup Cost

$50K – $250K

Break-Even

0 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Insurance Agencies and Brokerages$1.7MPortfolio Management$15.3MInvestment Advice$2.6MMiscellaneous Intermediation$4.2MMortgage and Nonmortgage Loan Brokers$3.3M

Compare Commercial Banking revenue with other industries:

vs Insurancevs Portfoliovs Investment