Commercial Banking in Utah
Revenue benchmarks for commercial banking businesses operating in Utah.
#20 of 50 states-48.3% vs national avg
Average Revenue
$61.6M
per year
Businesses
60
in Utah
Revenue / Employee
$323K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
1.8
firms per 100K in UT
Total Revenue
$3.7B
all firms in UT
Total Employees
11,419
in UT
How Utah Compares
National Average$119.0M
Utah$61.6M
Difference$57.4M (-48.3%)