Commercial Banking in Virginia
Revenue benchmarks for commercial banking businesses operating in Virginia.
#15 of 50 states-37.7% vs national avg
Average Revenue
$74.1M
per year
Businesses
131
in Virginia
Revenue / Employee
$275K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
1.5
firms per 100K in VA
Total Revenue
$9.7B
all firms in VA
Total Employees
35,277
in VA
How Virginia Compares
National Average$119.0M
Virginia$74.1M
Difference$44.9M (-37.7%)