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Florida: Banks’ Economic Impact

Banks support Florida's economy with consumer, business and other loans, and by providing more than 133,000 people with a rewarding place to work.

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Jobs

Jobs

  • 133,841Employees

  • $16.9 BTotal Annual Compensation & Benefits

  • $126,187Average Total Compensation & Benefits

  • 87Banks Headquartered in State

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $86.5 BNew Home Loans Booked in 2023

  • 227,653Number of New Home Loans in 2023

  • $335,000Median New Home Loan Size in 2023

  • $52.8 BSmall Business Loans

  • 2.7 MNumber of Small Business Loans

  • $19,853Average Small Business Loan

  • $7.7 BSmall Farm Loans

  • 113,890Number of Small Farm Loans

  • $67,378Average Small Farm Loan

Source: FFIEC HMDA 2023, FFIEC CRA 2023, FDIC Call Report 2023Q4, ABA analysis

Customers

Customers

  • $834 BDeposits

  • 200Banks Operating Branches

  • 4,325Branches & Offices

  • 3,339Branches Offering Low Fee Bank On-certified Accounts

Wells Fargo Supports Miami’s Small Businesses

Wells Fargo donated $20 million to the Miami Foundation, an organization that assists Miami-area minority small business owners in buying assets to help stabilize their companies.

Source: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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