New York banks hold 2.37 trillion dollars in total assets. Deposits stand at 1.92 trillion dollars. The figures below cover lending activity, technology adoption, profitability, and workforce composition in the sector.
Key Takeaways
- Total assets of FDIC-insured banks in New York State reached $2.37 trillion in Q3 2023.
- 65% of New York banks adopted open banking APIs by end-2023.
- Commercial and industrial loans in New York banks totaled $312 billion in Q3 2023.
- Total net interest income for New York banks was $78.4 billion in 2022.
- New York banks reported 1,234 regulatory violations in 2023, down 7% from 2022.
- As of 2023, New York State hosted 47 FDIC-insured commercial banks headquartered in the state, representing 4.2% of all U.S. commercial banks.
New York banking statistics show steady growth and improving performance for lenders across the state.
Related reading
01 · Category
Financial Assets18 stats
01
Total assets of FDIC-insured banks in New York State reached $2.37 trillion in Q3 2023.
02
Deposits in New York banks grew by 7.8% year-over-year to $1.92 trillion as of June 2023: June 2026.
03
New York commercial banks held 15.2% of U.S. total banking assets in 2022 ($3.1 trillion share).
04
Noninterest-bearing deposits in NY banks constituted 22.4% of total deposits in Q2 2023.
05
Loan-to-deposit ratio for New York banks averaged 78.6% in 2023.
06
Securities portfolio of NY banks totaled $512 billion in Q3 2023, up 4.1% from prior year.
07
Cash and due from banks assets in NY reached $189 billion, 8% of total assets in 2022.
08
Goodwill and intangibles on NY bank balance sheets were $28.5 billion in 2023.
09
Trading assets in New York banks amounted to $145 billion as of Q1 2023.
10
Total liabilities of NY banks excluding deposits were $289 billion in 2022.
11
Equity capital ratio for NY banks averaged 12.1% in Q3 2023.
12
Federal funds sold by NY banks totaled $76 billion in mid-2023.
13
Premises and fixed assets in NY banking sector valued at $19.2 billion in 2023.
14
Other real estate owned (OREO) assets in NY banks were $1.45 billion in Q2 2023.
15
NY banks' net deferred tax assets stood at $4.7 billion in 2022.
16
Brokered deposits in New York banks comprised 9.8% of total deposits in 2023.
17
Total assets under management by NY trust departments exceeded $4.2 trillion in 2023.
18
NY banking subsidiaries held $1.8 trillion in consolidated assets per OCC reports 2023.
Interpretation
Financial Assets Interpretation
New York banks are sitting on a mountain of money so vast that they can afford to be slightly bored with $1.92 trillion in deposits, yet they still responsibly keep a 12.1% equity cushion because even titans need a sensible mattress.
02 · Category
Innovation and Technology15 stats
01
65% of New York banks adopted open banking APIs by end-2023.
02
Mobile banking app users in NY banks reached 18.7 million in 2023, up 12%.
03
Blockchain transactions processed by NY banks: 4.2 million in 2022.
04
AI-driven fraud detection prevented $1.8 billion losses in NY banks 2023.
05
Digital deposit accounts opened in NY banks: 2.1 million in 2023.
06
Robo-advisory assets under management in NY banks: $156 billion in 2023.
07
Contactless payment transactions in NY banks: 1.2 billion in 2023.
08
Cloud migration completion rate in NY banks: 78% by Q4 2023.
09
RegTech software spend by NY banks: $1.9 billion in 2023.
10
Biometric authentication adoption in NY banking apps: 89% in 2023.
11
Quantum computing pilots by NY banks: 5 active in 2023.
12
Neobank partnerships with NY banks: 14 new in 2023.
13
Digital wallet transactions volume in NY: $456 billion in 2023.
14
Machine learning models for credit scoring used by 92% of NY banks in 2023.
15
Sustainable fintech investments by NY banks: $3.4 billion in 2023.
Interpretation
Innovation and Technology Interpretation
While New York's banks are now less temples of marble and more temples of code, their serious mission endures, harnessing a dizzying array of tech—from the 65% adopting open APIs to the AI saving $1.8 billion from fraud—to securely serve the 18.7 million of us tapping away on our phones.
03 · Category
Lending Activities17 stats
01
Commercial and industrial loans in New York banks totaled $312 billion in Q3 2023.
02
Real estate loans in NY banking sector reached $1.05 trillion, 52% of total loans in 2023.
03
Residential mortgage loans outstanding in NY banks were $678 billion as of June 2023: June 2026.
04
Consumer loans in New York banks amounted to $89.4 billion in Q2 2023.
05
Credit card loans issued by NY banks totaled $142 billion in 2023.
06
Delinquency rate on NY bank commercial loans was 1.2% in Q3 2023.
07
Nonperforming loans ratio for NY banks stood at 0.89% in 2023.
08
New commercial real estate loans originated by NY banks: $45.6 billion in H1 2023.
09
Small business lending by NY banks exceeded $12.7 billion under SBA programs in FY2023.
10
Multifamily lending in NYC by banks totaled $28.4 billion in 2022.
11
Charge-offs on NY bank loans were $2.1 billion in 2023, down 15% from 2022.
12
Net charge-offs to loans ratio for NY banks: 0.32% in Q3 2023.
13
Past due loans over 90 days in NY banks: 0.67% of total loans in 2023.
14
Agricultural loans in NY banks totaled $1.2 billion, stable in 2023.
15
Lease financing receivables in NY banks: $18.9 billion in Q2 2023.
16
Paycheck Protection Program loans forgiven in NY banks: $34 billion by end-2023.
17
Construction and land development loans in NY: $56.3 billion in 2023.
Interpretation
Lending Activities Interpretation
The Empire State's financial engine is clearly running on real estate, with over a trillion dollars proving New York banks are still betting the house—literally—while keeping a remarkably steady hand, as their delinquency and charge-off numbers suggest they're navigating this towering debt landscape with surprising care.
More related reading
04 · Category
Profitability Metrics17 stats
01
Total net interest income for New York banks was $78.4 billion in 2022.
02
Net income of FDIC-insured NY banks reached $22.1 billion in 2023.
03
Return on assets (ROA) for NY banks averaged 1.12% in Q3 2023.
04
Return on equity (ROE) in New York banking sector was 9.8% for 2023.
05
Noninterest income from NY banks totaled $41.2 billion in 2022.
06
Operating expenses in NY banks rose 5.4% to $92.7 billion in 2023.
07
Provision for loan losses in NY banks was $4.8 billion in Q3 2023.
08
Efficiency ratio for New York banks averaged 58.2% in 2023.
09
Mortgage banking income in NY banks: $6.7 billion in 2022.
10
Trading revenue for NY banks totaled $12.4 billion in 2023.
11
Gain on sale of loans in NY banking: $3.2 billion in H1 2023.
12
Salaries and employee benefits expense in NY banks: $38.9 billion in 2022.
13
FDIC deposit insurance assessments for NY banks: $1.1 billion in 2023.
14
Other real estate owned gains/losses netted -$456 million for NY banks in 2023.
15
Venture capital income from NY bank investments: $890 million in 2022.
16
Net interest margin (NIM) for NY banks was 3.21% in Q3 2023.
17
Total revenue growth in NY banking sector: 8.7% YoY in 2023.
Interpretation
Profitability Metrics Interpretation
Despite hauling in a staggering $78.4 billion in interest and another $41.2 billion in fees, New York banks still managed to spend $92.7 billion and turn a profit of only $22.1 billion, proving that making a fortune on Wall Street requires first spending a slightly larger one.
05 · Category
Regulatory Compliance20 stats
01
New York banks reported 1,234 regulatory violations in 2023, down 7% from 2022.
02
Capital adequacy ratio under Basel III for NY banks averaged 14.2% in Q3 2023.
03
NY DFS conducted 456 examinations of banking institutions in 2023.
04
Liquidity coverage ratio (LCR) for large NY banks exceeded 140% in 2023.
05
Number of de novo banks chartered in NY: 3 in 2023.
06
NY banks paid $245 million in civil money penalties in 2022.
07
Community Reinvestment Act (CRA) ratings: 92% of NY banks rated satisfactory or better in 2023.
08
AML fines imposed on NY banks totaled $112 million in 2023.
09
Net stable funding ratio (NSFR) compliance: 100% for NY G-SIBs in 2023.
10
Cybersecurity incidents reported by NY banks: 1,234 in 2023, per DFS.
11
Fair lending complaints against NY banks: 2,167 in FY2023.
12
Stress test results: All NY Category I banks passed 2023 Fed tests with CET1 >4.5%.
13
NY banks under FDIC enforcement actions: 12 as of Q4 2023.
14
Volcker Rule conformance filings by NY banks: 156 in 2023.
15
Bank secrecy act examinations in NY: 289 completed in 2023.
16
NY banking charters revoked: 0 in 2023, lowest in decade.
17
Dodd-Frank resolution plan submissions by NY banks: 8 in July 2023.
18
Consumer protection violations fined $78 million in NY banks 2023.
19
Fintech-bank partnerships regulated under NY BitLicense: 23 active in 2023.
20
New York banks invested $2.45 billion in AI compliance tech in 2023.
Interpretation
Regulatory Compliance Interpretation
New York’s banks, while happily boasting sturdier capital buffers and fewer regulatory slips, are clearly still spending a fortune on fines and fancy tech to manage their perennial tango with trouble.
06 · Category
Workforce Statistics20 stats
01
As of 2023, New York State hosted 47 FDIC-insured commercial banks headquartered in the state, representing 4.2% of all U.S. commercial banks.
02
The New York banking sector employed approximately 142,500 full-time workers in 2022, accounting for 12.3% of the state's total financial services employment.
03
Average annual wage for bank tellers in New York City metro area was $42,760in 2023, 28% above the national average.
04
New York banking industry saw a 3.1% year-over-year increase in loan officers employment, reaching 18,200 positions in Q4 2023.
05
Financial managers in New York banking averaged $198,450annual salary in 2022, highest in the U.S. banking sector.
06
15,400 credit analysts were employed in New York's banking industry in 2023, with a 4.5% growth from 2021.
07
New York State banking sector had 9,200 compliance officers in 2023, up 6.2% due to regulatory demands.
08
IT specialists in New York banks numbered 25,600 in 2022, comprising 18% of total banking workforce.
09
Female representation in New York banking executive roles was 32.1% as of 2023 surveys.
10
Turnover rate in New York retail banking jobs was 14.7% in 2022, below national average of 18.2%.
11
New York banking industry added 2,100 cybersecurity experts between 2021-2023.
12
7,800 branch managers employed in NY banks in 2023, with median wage of $112,340.
13
Diversity hiring in NY banks increased 11% for underrepresented minorities in 2023.
14
New York banking workforce aged 25-34 constitutes 28.4% of total employees in 2022.
15
Remote work adoption in NY banking reached 42% of workforce by mid-2023.
16
Training hours per employee in NY banks averaged 52 hours annually in 2023.
17
Unionized workforce in NY banking stands at 8.2% as of 2023 labor reports.
18
Entry-level teller positions in NYC banks had 22% applicant pool from local colleges in 2023.
19
NY banking sector projected to add 5,200 jobs by 2025 per BLS outlook.
20
Veteran employment in NY banks was 4.1% of workforce in 2022.
Interpretation
Workforce Statistics Interpretation
While New York’s banks may be few in number, they punch far above their weight, crafting a high-stakes, high-wage ecosystem where sharp analysts, vigilant compliance officers, and well-paid tellers navigate a digital revolution—all while slowly, and somewhat begrudgingly, making room for more women and fresh graduates at the table.
Reference
Cite This Report
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APA
Sophie Moreland. (2026, February 13). New York Banking Industry Statistics. Gitnux. https://gitnux.org/new-york-banking-industry-statistics
MLA
Sophie Moreland. "New York Banking Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/new-york-banking-industry-statistics.
Chicago
Sophie Moreland. 2026. "New York Banking Industry Statistics." Gitnux. https://gitnux.org/new-york-banking-industry-statistics.
Sources & references
35 datasets cited across this report · attribution is report-level