The U.S. banking industry's asset growth has been marked by significant volatility over the past decade. The lowest growth rate occurred in the first quarter of 2011, with a negative 0.99 percent change. Conversely, the highest year-over-year growth was recorded in the fourth quarter of 2020, during the COVID-19 pandemic. A prolonged decline followed, spanning six consecutive quarters until the first quarter of 2023, which represented the weakest asset growth in a decade. However, the industry showed signs of recovery toward the end of 2023 and throughout 2024, with asset growth rates climbing to over four percent by the third quarter of 2024.
Asset growth rate of the U.S. commercial banking industry from 1st quarter 2003 to 4th quarter 2024
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New York Fed. (March 20, 2025). Asset growth rate of the U.S. commercial banking industry from 1st quarter 2003 to 4th quarter 2024 [Graph]. In Statista. Retrieved April 20, 2025, from https://www.statista.com/statistics/1116547/asset-growth-rate-us-banking-industry-per-quarter/
New York Fed. "Asset growth rate of the U.S. commercial banking industry from 1st quarter 2003 to 4th quarter 2024." Chart. March 20, 2025. Statista. Accessed April 20, 2025. https://www.statista.com/statistics/1116547/asset-growth-rate-us-banking-industry-per-quarter/
New York Fed. (2025). Asset growth rate of the U.S. commercial banking industry from 1st quarter 2003 to 4th quarter 2024. Statista. Statista Inc.. Accessed: April 20, 2025. https://www.statista.com/statistics/1116547/asset-growth-rate-us-banking-industry-per-quarter/
New York Fed. "Asset Growth Rate of The U.S. Commercial Banking Industry from 1st Quarter 2003 to 4th Quarter 2024." Statista, Statista Inc., 20 Mar 2025, https://www.statista.com/statistics/1116547/asset-growth-rate-us-banking-industry-per-quarter/
New York Fed, Asset growth rate of the U.S. commercial banking industry from 1st quarter 2003 to 4th quarter 2024 Statista, https://www.statista.com/statistics/1116547/asset-growth-rate-us-banking-industry-per-quarter/ (last visited April 20, 2025)
Asset growth rate of the U.S. commercial banking industry from 1st quarter 2003 to 4th quarter 2024 [Graph], New York Fed, March 20, 2025. [Online]. Available: https://www.statista.com/statistics/1116547/asset-growth-rate-us-banking-industry-per-quarter/
