The state of Missouri is home to 185 banks that are insured by the federal deposit insurance corporation and that operate within the state. Of this amount, 236 of these banks are headquartered in the state and therefore can be considered Missouri-based banks. Banks operating within the state had in total $224 billion of assets, $190 billion of deposits and $129 billion of loans outstanding as of this writing. Looking at the asset composition of banks in Missouri, residential mortgages made up 13% of the assets managed by these banks. In addition to this, these banks in total employ 28,914 people within the state. This represents 0.5% of the population.

Density of Banks in Missouri

There are a total of 2,172 bank branches located within the state of Missouri. This works out to a ratio of approximately 3.5 branches per 10,000 people in Missouri.  Comparing the banks in Missouri to banks operating in other states on this measure, Missouri ranks 10th out of 52 states and territories in terms of branches per capita.  Another way to view this is by looking at the physical accessibility. On this basis, banks in Missouri had on average 3.2 branches per 100 square miles. As a result, Missouri ranks 26th out of 52 states and territories in terms of most branches per square mile.

Performance of Banks in Missouri

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  • Net Interest Margin – banks in the state of Missouri are on average above the average bank’s net interest margin in the United States. This is for FDIC-insured banks only. Overall, the net interest margin for banks in Missouri is ranked 37th out of the 52 states and main territories in the United States.
  • Return on Assets – in terms of this important return metric, banks in this state are on average higher than the national average. Altogether the Return on Assets for the banks in Missouri is ranked 19th out of the 52 states and main territories in the country.
  • Return on Equity – banks in this state on average have a higher return on equity than the national average. Overall, the Return on Equity for banks in Missouri is ranked 12nd out of the 52 states and main territories in the country.
  • Loan to Deposit – Banks in this state are on average below the national average when it comes to loan to deposit. Loan to deposit ratio is a good way to assess the liquidity of a bank. Lower is better as it means that a bank is funding more of its lending activities with its deposit base. Banks in Missouri are ranked 30th out of the 52 states and main territories in the country when it comes to loan to deposits.
  • Nonperforming Assets – this metric gives us an idea of the quality of a bank’s assets and their performance. Banks in this state are on average better than the national average when it comes to nonperforming assets. We’re specifically looking at the level of nonperformance among the asset base. A higher figure indicates lower quality. Overall, banks in Missouri are ranked 11st out of the 52 states and main territories in the country when it comes to the percentage of their assets that are nonperforming.

5 Largest Banks in the state of Missouri

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Based on the latest available data, Bank of America is the largest bank operating in Missouri based on its deposit share. Bank of America currently has a 10% share of deposits within the state. Below is summary information on the top 5 largest banks in Missouri.

Bank of America

Bank of America currently has the largest share of deposits within the state and has $23.5 billion of deposits. In addition to this the bank also has 67 offices within the state, which represents 2% of its total domestic offices.

Main Office Address: 100 N Tryon St Charlotte, NC 28202

Website: www.bankofamerica.com

UMB Bank

UMB Bank currently has the second largest share of deposits within the state and has $22.9 billion of deposits. The bank also has 46 offices within the state, which represents 44% of its total domestic offices.

Main Office Address: 1010 Grand Blvd. Kansas City, MO 64106

Website: www.umb.com

U.S. Bank 

U.S. Bank  currently has the third largest share of deposits within the state and has $22.6 billion of deposits. The bank also has 160 offices within the state, which represents 7% of its total domestic offices.

Main Office Address: 425 Walnut St. Cincinnati, OH 45202

Website: www.usbank.com

Commerce Bank

Commerce Bank currently has the fourth largest share of deposits within the state and has $20.4 billion of deposits. Further, the bank also has 101 offices within the state, which represents 60% of its total domestic offices.

Main Office Address: 1001 Main St. Kansas City, MO 64106

Website: www.commercebank.com

Stifel Bank and Trust

Stifel Bank and Trust currently has the fifth largest share of deposits within the state and has $14.4 billion of deposits. In addition, the bank also has 2 offices within the state, which represents 100% of its total domestic offices.

Main Office Address: 501 N. Broadway Saint Louis, MO 63102

Website: http://www.stifelbank.com