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Texas: Banks’ Economic Impact

Banks support Texas's economy with consumer, business and other loans, and by providing more than 238,000 people with a rewarding place to work.

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Jobs

Jobs

  • 238,465Employees

  • $31.1 BillionTotal Annual Compensation & Benefits

  • $130,273Average Total Compensation & Benefits

  • 363Banks Headquartered in State

Source: FDIC Call Report 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $100 BillionNew Home Loans Booked in 2024

  • 277,153Number of New Home Loans in 2024

  • $315,000Median New Home Loan Size in 2024

  • $66.1 BillionSmall Business Loans

  • 2.4 MillionNumber of Small Business Loans

  • $27,698Average Small Business Loan

  • $6.9 BillionSmall Farm Loans

  • 102,842Number of Small Farm Loans

  • $67,120Average Small Farm Loan

Source: FFIEC HMDA 2024, FFIEC CRA 2023, FDIC Call Report 2024Q4, ABA analysis

Customers

Customers

  • $1.5 TrillionDeposits

  • 471Banks Operating Branches

  • 6,359Branches & Offices

  • 3,154Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2024Q2, CFE Fund, ABA analysis

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