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Texas: Banks’ Economic Impact

Banks support Texas's economy with consumer, business and other loans, and by providing more than 233,000 people with a rewarding place to work.

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Jobs

Jobs

  • 233,412Employees

  • $29.5 BTotal Annual Compensation & Benefits

  • $126,388Average Total Compensation & Benefits

  • 378Banks Headquartered in State

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

Lending

Lending

  • $99.2 BNew Home Loans Booked in 2023

  • 278,394Number of New Home Loans in 2023

  • $315,000Median New Home Loan Size in 2023

  • $66 BSmall Business Loans

  • 2.4 MNumber of Small Business Loans

  • $27,705Average Small Business Loan

  • $6.8 BSmall Farm Loans

  • 100,364Number of Small Farm Loans

  • $67,740Average Small Farm Loan

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

Customers

Customers

  • $1.5 TDeposits

  • 485Banks Operating Branches

  • 6,339Branches & Offices

  • 3,235Branches Offering Low Fee Bank On-certified Accounts

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

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