Commercial Banking in Minnesota
Revenue benchmarks for commercial banking businesses operating in Minnesota.
#25 of 50 states-59.8% vs national avg
Average Revenue
$47.8M
per year
Businesses
317
in Minnesota
Revenue / Employee
$314K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
5.6
firms per 100K in MN
Total Revenue
$15.2B
all firms in MN
Total Employees
48,279
in MN
How Minnesota Compares
National Average$119.0M
Minnesota$47.8M
Difference$71.2M (-59.8%)